Company Valuation: Roche Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,810 239,812 197,073 205,191 262,098 289,246 - -
Change - -21.84% -17.82% 4.12% 27.73% 10.36% - -
Enterprise Value (EV) 1 324,977 255,396 215,772 222,528 278,258 299,991 293,210 285,273
Change - -21.41% -15.51% 3.13% 25.04% 7.81% -2.26% -2.71%
P/E 23.4x 18.9x 17.1x 24.8x 20.5x 20x 17.8x 16.4x
PBR 13.2x 8.29x 5.91x 5.67x 7.8x 7.21x 6.06x 5.12x
PEG - -3.69x -2.48x -0.9x 0.4x 1.6x 1.4x 1.92x
Capitalization / Revenue 4.89x 3.79x 3.36x 3.39x 4.26x 4.62x 4.42x 4.21x
EV / Revenue 5.17x 4.04x 3.67x 3.68x 4.52x 4.79x 4.48x 4.15x
EV / EBITDA 13.2x 10.2x 9.82x 9.45x 11.3x 11.9x 10.8x 9.86x
EV / EBIT 14.8x 11.5x 11.2x 10.7x 12.7x 13.2x 12.1x 11x
EV / FCF 20.7x 19.6x 19.1x 14.5x 23.6x 19.6x 18x 16.2x
FCF Yield 4.83% 5.11% 5.23% 6.89% 4.24% 5.11% 5.57% 6.19%
Dividend per Share 2 9.3 9.5 9.6 9.7 9.8 10 10.24 10.51
Rate of return 2.45% 3.27% 3.93% 3.8% 2.99% 2.76% 2.83% 2.91%
EPS 2 16.2 15.37 14.31 10.31 16.04 18.05 20.27 22
Distribution rate 57.4% 61.8% 67.1% 94.1% 61.1% 55.4% 50.5% 47.8%
Net sales 1 62,801 63,281 58,716 60,495 61,516 62,645 65,471 68,719
EBITDA 1 24,692 25,015 21,976 23,538 24,608 25,278 27,191 28,937
EBIT 1 21,897 22,173 19,240 20,823 21,833 22,790 24,323 25,904
Net income 1 13,930 12,421 11,498 8,277 12,880 14,580 16,365 17,605
Net Debt 1 18,167 15,584 18,699 17,337 16,160 10,745 3,963 -3,973
Reference price 2 379.10 290.50 244.50 255.50 328.20 361.70 361.70 361.70
Nbr of stocks (in thousands) 800,952 800,579 798,652 796,789 796,317 796,766 - -
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.($)
36.25x12.94x27.18x0.55% 1,089B
28.59x6.53x18.09x2.01% 643B
33.13x7.75x15.94x2.61% 465B
22.65x5.84x14.57x2.74% 303B
22.03x4.53x12.8x1.93% 267B
14.79x5.48x11.3x3.38% 226B
25.81x6.73x11.86x2.57% 212B
-48.4x5.8x32.01x2.45% 167B
12.82x3.13x7.91x6.82% 144B
Average 16.41x 6.53x 16.85x 2.79% 390.62B
Weighted average by Cap. 25.20x 8.24x 19.35x 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