Company Valuation: Sanofi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 111,194 112,665 112,549 116,968 100,655 89,124 - -
Change - 1.32% -0.1% 3.93% -13.95% -11.46% - -
Enterprise Value (EV) 1 121,177 119,102 120,342 125,740 111,663 100,492 96,800 93,333
Change - -1.71% 1.04% 4.49% -11.2% -10% -3.67% -3.58%
P/E 17.8x 16.7x 20.8x 20.4x 12.9x 12.2x 10.3x 8.84x
PBR 1.62x 1.5x 1.52x 1.51x 1.41x 1.2x 1.14x 1.07x
PEG - 2.07x -1.1x 3.14x 0.3x -2.75x 0.6x 0.5x
Capitalization / Revenue 2.94x 2.62x 2.61x 2.85x 2.31x 1.88x 1.76x 1.68x
EV / Revenue 3.21x 2.77x 2.79x 3.06x 2.56x 2.12x 1.91x 1.76x
EV / EBITDA 9.95x 8.14x 8.44x 9.76x 8.22x 6.81x 6.17x 5.48x
EV / EBIT 11.3x 9.13x 9.5x 11.1x 9.19x 7.6x 6.94x 6.15x
EV / FCF 15x 14x 14.2x 21.1x 13.8x 12.1x 10.7x 9.25x
FCF Yield 6.68% 7.12% 7.04% 4.74% 7.24% 8.3% 9.33% 10.8%
Dividend per Share 2 3.33 3.56 3.76 3.92 4.12 4.238 4.499 4.797
Rate of return 3.76% 3.96% 4.19% 4.18% 4.98% 5.7% 6.05% 6.45%
EPS 2 4.97 5.37 4.31 4.59 6.4 6.116 7.249 8.418
Distribution rate 67% 66.3% 87.2% 85.4% 64.4% 69.3% 62.1% 57%
Net sales 1 37,761 42,997 43,070 41,081 43,626 47,502 50,625 53,071
EBITDA 1 12,183 14,627 14,259 12,889 13,583 14,757 15,701 17,039
EBIT 1 10,714 13,040 12,670 11,343 12,149 13,220 13,944 15,186
Net income 1 6,223 6,720 5,400 5,744 7,813 7,692 9,353 10,495
Net Debt 1 9,983 6,437 7,793 8,772 11,008 11,367 7,676 4,209
Reference price 2 88.58 89.84 89.76 93.74 82.72 74.39 74.39 74.39
Nbr of stocks (in thousands) 1,255,293 1,254,060 1,253,891 1,247,793 1,216,810 1,198,069 - -
Announcement Date 2/4/22 2/3/23 2/1/24 1/30/25 1/29/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.19x11.9x25x0.6% 1T
27.59x6.24x17.41x2.11% 613B
33.42x7.23x14.91x2.82% 433B
19.84x4.71x11.66x2.81% 350B
21.78x5.64x14.07x2.85% 292B
19.76x4.1x11.62x2.15% 239B
13.29x4.98x10.27x3.76% 206B
24.88x6.52x11.5x2.66% 204B
-47.26x5.67x31.29x2.51% 163B
Average 16.39x 6.33x 16.42x 2.48% 388.94B
Weighted average by Cap. 23.92x 7.55x 17.90x 2.05%

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