Company Valuation: Roche Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,810 239,812 197,073 205,191 262,098 267,167 - -
Change - -21.84% -17.82% 4.12% 27.73% 1.93% - -
Enterprise Value (EV) 1 324,977 255,396 215,772 222,528 278,258 277,731 271,034 263,325
Change - -21.41% -15.51% 3.13% 25.04% -0.19% -2.41% -2.84%
P/E 23.4x 18.9x 17.1x 24.8x 20.5x 17.8x 16.7x 15.4x
PBR 13.2x 8.29x 5.91x 5.67x 7.8x 6.62x 5.58x 4.75x
PEG - -3.69x -2.48x -0.9x 0.4x 1x 2.45x 1.82x
Capitalization / Revenue 4.89x 3.79x 3.36x 3.39x 4.26x 4.27x 4.1x 3.91x
EV / Revenue 5.17x 4.04x 3.67x 3.68x 4.52x 4.43x 4.16x 3.86x
EV / EBITDA 13.2x 10.2x 9.82x 9.45x 11.3x 11x 10x 9.17x
EV / EBIT 14.8x 11.5x 11.2x 10.7x 12.7x 12.3x 11.2x 10.2x
EV / FCF 20.7x 19.6x 19.1x 14.5x 23.6x 17.9x 16.6x 14.9x
FCF Yield 4.83% 5.11% 5.23% 6.89% 4.24% 5.6% 6.04% 6.71%
Dividend per Share 2 9.3 9.5 9.6 9.7 9.8 10.01 10.25 10.52
Rate of return 2.45% 3.27% 3.93% 3.8% 2.99% 2.99% 3.06% 3.14%
EPS 2 16.2 15.37 14.31 10.31 16.04 18.8 20.09 21.78
Distribution rate 57.4% 61.8% 67.1% 94.1% 61.1% 53.3% 51% 48.3%
Net sales 1 62,801 63,281 58,716 60,495 61,516 62,629 65,201 68,281
EBITDA 1 24,692 25,015 21,976 23,538 24,608 25,328 27,051 28,720
EBIT 1 21,897 22,173 19,240 20,823 21,833 22,575 24,185 25,732
Net income 1 13,930 12,421 11,498 8,277 12,880 15,250 16,289 17,471
Net Debt 1 18,167 15,584 18,699 17,337 16,160 10,564 3,866 -3,842
Reference price 2 379.10 290.50 244.50 255.50 328.20 334.90 334.90 334.90
Nbr of stocks (in thousands) 800,952 800,579 798,652 796,789 796,317 795,618 - -
Announcement Date 2/3/22 2/2/23 2/1/24 1/30/25 1/29/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.12x13.12x26.72x0.55% 1,102B
28.52x6.55x17.81x2% 643B
31.52x7.52x15.4x2.69% 450B
24.01x5.02x14.01x1.74% 298B
21.91x5.62x13.6x2.8% 288B
14.45x5.37x11.03x3.47% 222B
24.08x6.37x11.22x2.74% 199B
-48.34x5.87x32.62x2.38% 169B
11.78x3.02x7.46x7.27% 137B
Average 16.01x 6.50x 16.65x 2.85% 389.73B
Weighted average by Cap. 24.86x 8.28x 19.14x 2.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  3. ROP Stock
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  5. Valuation Roche Holding AG