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 86,381 - -
Change - 1.32% -0.1% 3.93% -13.95% -14.18% - -
Enterprise Value (EV) 1 121,177 119,102 120,342 125,740 111,663 97,844 94,717 91,270
Change - -1.71% 1.04% 4.49% -11.2% -12.38% -3.2% -3.64%
P/E 17.8x 16.7x 20.8x 20.4x 12.9x 11.5x 10x 8.64x
PBR 1.62x 1.5x 1.52x 1.51x 1.41x 1.17x 1.1x 1.04x
PEG - 2.07x -1.1x 3.14x 0.3x -6.09x 0.7x 0.5x
Capitalization / Revenue 2.94x 2.62x 2.61x 2.85x 2.31x 1.81x 1.71x 1.62x
EV / Revenue 3.21x 2.77x 2.79x 3.06x 2.56x 2.05x 1.87x 1.72x
EV / EBITDA 9.95x 8.14x 8.44x 9.76x 8.22x 6.64x 6.04x 5.37x
EV / EBIT 11.3x 9.13x 9.5x 11.1x 9.19x 7.35x 6.77x 6.03x
EV / FCF 15x 14x 14.2x 21.1x 13.8x 11.8x 10.5x 9.07x
FCF Yield 6.68% 7.12% 7.04% 4.74% 7.24% 8.49% 9.51% 11%
Dividend per Share 2 3.33 3.56 3.76 3.92 4.12 4.254 4.496 4.795
Rate of return 3.76% 3.96% 4.19% 4.18% 4.98% 5.9% 6.24% 6.65%
EPS 2 4.97 5.37 4.31 4.59 6.4 6.279 7.206 8.348
Distribution rate 67% 66.3% 87.2% 85.4% 64.4% 67.7% 62.4% 57.4%
Net sales 1 37,761 42,997 43,070 41,081 43,626 47,648 50,644 53,167
EBITDA 1 12,183 14,627 14,259 12,889 13,583 14,728 15,673 16,990
EBIT 1 10,714 13,040 12,670 11,343 12,149 13,312 13,999 15,142
Net income 1 6,223 6,720 5,400 5,744 7,813 7,479 8,886 10,309
Net Debt 1 9,983 6,437 7,793 8,772 11,008 11,463 8,336 4,889
Reference price 2 88.58 89.84 89.76 93.74 82.72 72.10 72.10 72.10
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.($)
32.72x11.87x24.12x0.6% 1,026B
29.94x6.66x18.64x2% 649B
33.52x7.84x16.21x2.59% 468B
19.75x4.81x11.92x2.76% 352B
20.12x5.24x13.01x3.05% 271B
21.01x4.36x12.4x2.03% 256B
25.68x6.7x11.94x2.48% 220B
-45.78x6.66x26.01x2.17% 188B
11.29x4.12x8.55x4.45% 170B
Average 16.47x 6.47x 15.87x 2.46% 399.9B
Weighted average by Cap. 23.74x 7.73x 17.86x 1.99%

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