Projected Income Statement: Sanofi

Forecast Balance Sheet: Sanofi

Forecast Balance Sheet - Sanofi
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 9,983 6,437 7,793 8,772 11,008 11,125 6,825 2,568
Change - -35.52% 21.07% 12.56% 25.49% 1.06% -38.65% -62.37%
Announcement Date 2/4/22 2/3/23 2/1/24 1/30/25 1/29/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Sanofi

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,043 2,201 3,024 1,808 1,858 2,701 2,888 3,002
Change - 7.73% 37.39% -40.21% 2.77% 45.38% 6.92% 3.94%
Free Cash Flow (FCF) 1 8,096 8,483 8,478 5,955 8,089 8,095 9,749 10,934
Change - 4.78% -0.06% -29.76% 35.84% 0.07% 20.43% 12.16%
Announcement Date 2/4/22 2/3/23 2/1/24 1/30/25 1/29/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Sanofi

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 32.26% 34.02% 33.11% 31.37% 31.14% 31.4% 31.97% 32.81%
EBIT Margin (%) 28.37% 30.33% 29.42% 27.61% 27.85% 28.38% 28.33% 29.03%
EBT Margin (%) 20.65% 19.23% 16.34% 17.03% 13.8% 18.71% 20.97% 23.3%
Net margin (%) 16.48% 15.63% 12.54% 13.98% 17.91% 15.78% 17.82% 19.71%
FCF margin (%) 21.44% 19.73% 19.68% 14.5% 18.54% 16.71% 18.86% 20.05%
FCF / Net Income (%) 130.1% 126.24% 157% 103.67% 103.53% 105.91% 105.87% 101.72%

Profitability

        
ROA 5.3% 8.37% 4.27% 4.43% 6.02% 5.9% 7.16% 7.69%
ROE 12.46% 14.42% 13.65% 11.75% 10.5% 14.67% 14.76% 15.25%

Financial Health

        
Leverage (Debt/EBITDA) 0.82x 0.44x 0.55x 0.68x 0.81x 0.73x 0.41x 0.14x
Debt / Free cash flow 1.23x 0.76x 0.92x 1.47x 1.36x 1.37x 0.7x 0.23x

Capital Intensity

        
CAPEX / Current Assets (%) 5.41% 5.12% 7.02% 4.4% 4.26% 5.58% 5.59% 5.51%
CAPEX / EBITDA (%) 16.77% 15.05% 21.21% 14.03% 13.68% 17.76% 17.48% 16.78%
CAPEX / FCF (%) 25.23% 25.95% 35.67% 30.36% 22.97% 33.37% 29.63% 27.45%

Items per share

        
Cash flow per share 1 8.365 8.408 8.195 7.857 7.91 8.682 10 11.76
Change - 0.52% -2.53% -4.13% 0.68% 9.76% 15.2% 17.61%
Dividend per Share 1 3.33 3.56 3.76 3.92 4.12 4.259 4.495 4.779
Change - 6.91% 5.62% 4.26% 5.1% 3.37% 5.54% 6.32%
Book Value Per Share 1 54.84 59.74 59.15 62.08 58.49 61.76 66.33 70.93
Change - 8.94% -0.98% 4.96% -5.8% 5.6% 7.4% 6.94%
EPS 1 4.97 5.37 4.31 4.59 6.4 6.324 7.491 8.755
Change - 8.05% -19.74% 6.5% 39.43% -1.2% 18.47% 16.87%
Nbr of stocks (in thousands) 1,255,293 1,254,060 1,253,891 1,247,793 1,216,810 1,198,069 1,198,069 1,198,069
Announcement Date 2/4/22 2/3/23 2/1/24 1/30/25 1/29/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 13.9x 11.7x
PBR 1.42x 1.33x
EV / Sales 2.41x 2.17x
Yield 4.84% 5.11%

EPS & Dividend

EPS & Dividend - Sanofi


Y-o-Y evolution of P/E

Valuation ratios - P/E - Sanofi
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Sanofi
Trader
Investor
Global
Quality
ESG MSCI
A
MarketScreener Ratings - Sanofi
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
87.60EUR
Average target price
96.36EUR
Spread / Average Target
+10.00%