Company Valuation: Roche Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,810 239,812 197,073 205,191 262,098 322,248 - -
Change - -21.84% -17.82% 4.12% 27.73% 22.95% - -
Enterprise Value (EV) 1 324,977 255,396 215,772 222,528 278,258 333,621 327,100 318,665
Change - -21.41% -15.51% 3.13% 25.04% 19.9% -1.95% -2.58%
P/E 23.4x 18.9x 17.1x 24.8x 20.5x 21.7x 19.5x 17.9x
PBR 13.2x 8.29x 5.91x 5.67x 7.8x 7.87x 6.5x 5.47x
PEG - -3.69x -2.48x -0.9x 0.4x 1.4x 1.7x 2.03x
Capitalization / Revenue 4.89x 3.79x 3.36x 3.39x 4.26x 5.09x 4.87x 4.64x
EV / Revenue 5.17x 4.04x 3.67x 3.68x 4.52x 5.27x 4.95x 4.59x
EV / EBITDA 13.2x 10.2x 9.82x 9.45x 11.3x 13.1x 11.9x 10.9x
EV / EBIT 14.8x 11.5x 11.2x 10.7x 12.7x 14.5x 13.3x 12.2x
EV / FCF 20.7x 19.6x 19.1x 14.5x 23.6x 20.6x 19.7x 17.7x
FCF Yield 4.83% 5.11% 5.23% 6.89% 4.24% 4.84% 5.07% 5.65%
Dividend per Share 2 9.3 9.5 9.6 9.7 9.8 10.02 10.28 10.58
Rate of return 2.45% 3.27% 3.93% 3.8% 2.99% 2.48% 2.55% 2.62%
EPS 2 16.2 15.37 14.31 10.31 16.04 18.56 20.73 22.55
Distribution rate 57.4% 61.8% 67.1% 94.1% 61.1% 54% 49.6% 46.9%
Net sales 1 62,801 63,281 58,716 60,495 61,516 63,262 66,145 69,441
EBITDA 1 24,692 25,015 21,976 23,538 24,608 25,423 27,489 29,205
EBIT 1 21,897 22,173 19,240 20,823 21,833 22,977 24,649 26,202
Net income 1 13,930 12,421 11,498 8,277 12,880 14,824 16,575 17,810
Net Debt 1 18,167 15,584 18,699 17,337 16,160 11,373 4,852 -3,583
Reference price 2 379.10 290.50 244.50 255.50 328.20 403.40 403.40 403.40
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.($)
41.54x14.06x31.11x0.48% 1,263B
39.99x6.71x18.89x1.95% 658B
38.61x8.62x17.83x2.33% 521B
21.74x5.27x13.12x2.48% 391B
109.15x6.06x25.73x2.28% 369B
23.19x5.97x14.41x2.71% 307B
24.47x4.9x13.63x1.77% 290B
29.56x7.53x13.48x2.16% 252B
-49.1x7.47x29.35x1.93% 212B
Average 31.02x 7.40x 19.73x 2.01% 473.55B
Weighted average by Cap. 37.29x 8.84x 21.96x 1.69%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Roche Holding AG

Historical PBR trend

Valuation ratios - PBR - Roche Holding AG

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Roche Holding AG

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Roche Holding AG


Year-on-year evolution of the Yield

Valuation ratios - Yield - Roche Holding AG
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