Company Valuation: Sartorius AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,429 24,078 20,462 13,392 15,142 15,418 - -
Change - -35.67% -15.02% -34.55% 13.07% 1.82% - -
Enterprise Value (EV) 1 39,161 26,454 25,394 17,138 18,884 18,992 18,687 18,285
Change - -32.45% -4.01% -32.51% 10.18% 0.58% -1.61% -2.15%
P/E 127x 37.2x 111x 176x 110x 65.7x 50.9x 42.9x
PBR 32.3x 13.9x 11x 5.37x 6.31x 5.82x 5.26x 4.85x
PEG - 0x -1.6x -3x 1.3x 0.9x 1.7x 2.3x
Capitalization / Revenue 10.9x 5.77x 6.03x 3.96x 4.28x 4.14x 3.77x 3.44x
EV / Revenue 11.4x 6.34x 7.48x 5.07x 5.34x 5.1x 4.58x 4.08x
EV / EBITDA 33.3x 18.8x 26.4x 18.1x 18x 17x 14.8x 12.9x
EV / EBIT 43.4x 24.8x 50.4x 43.7x 34.8x 28.4x 23.7x 19.9x
EV / FCF 85.4x 125x 86.4x 30.3x 48.4x 46x 31.8x 24.9x
FCF Yield 1.17% 0.8% 1.16% 3.3% 2.07% 2.17% 3.14% 4.01%
Dividend per Share 2 1.26 1.44 0.74 0.74 0.74 0.8025 0.9748 1.126
Rate of return 0.21% 0.39% 0.22% 0.34% 0.3% 0.32% 0.39% 0.45%
EPS 2 4.67 9.92 3 1.22 2.25 3.811 4.921 5.831
Distribution rate 27% 14.5% 24.7% 60.7% 32.9% 21.1% 19.8% 19.3%
Net sales 1 3,449 4,175 3,396 3,381 3,538 3,724 4,084 4,481
EBITDA 1 1,175 1,410 962.7 945 1,052 1,114 1,259 1,413
EBIT 1 903.2 1,065 503.9 392.6 542.6 667.9 789.1 919.7
Net income 1 318.9 678.1 205.2 84 154.9 255.6 328.3 389.8
Net Debt 1 1,733 2,375 4,932 3,746 3,741 3,574 3,268 2,867
Reference price 2 595.20 369.40 333.20 215.20 247.20 250.40 250.40 250.40
Nbr of stocks (in thousands) 68,416 68,416 68,416 69,038 69,038 69,038 - -
Announcement Date 1/27/22 1/26/23 1/26/24 1/28/25 2/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
65.7x5.1x17.05x0.32% 17.96B
38.45x - - 2.1% 1.66B
-3.72x1.48x6.85x - 1.05B
16.08x2.23x7.55x1.6% 959M
48.98x - - - 779M
148.37x - - 0.6% 565M
39.68x2.86x18.77x1.03% 461M
-11.89x - - - 459M
Average 42.71x 2.92x 12.55x 1.13% 2.99B
Weighted average by Cap. 58.18x 4.73x 16.12x 0.54%

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