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 15,682 - -
Change - -35.67% -15.02% -34.55% 13.07% 3.57% - -
Enterprise Value (EV) 1 39,161 26,454 25,394 17,138 18,884 19,257 18,952 18,553
Change - -32.45% -4.01% -32.51% 10.18% 1.98% -1.59% -2.11%
P/E 127x 37.2x 111x 176x 110x 66.3x 50.9x 43x
PBR 32.3x 13.9x 11x 5.37x 6.31x 5.84x 5.28x 4.87x
PEG - 0x -1.6x -3x 1.3x 1x 1.7x 2.4x
Capitalization / Revenue 10.9x 5.77x 6.03x 3.96x 4.28x 4.21x 3.84x 3.5x
EV / Revenue 11.4x 6.34x 7.48x 5.07x 5.34x 5.17x 4.64x 4.14x
EV / EBITDA 33.3x 18.8x 26.4x 18.1x 18x 17.3x 15x 13.1x
EV / EBIT 43.4x 24.8x 50.4x 43.7x 34.8x 28.9x 23.9x 20.1x
EV / FCF 85.4x 125x 86.4x 30.3x 48.4x 46.7x 32.2x 25.3x
FCF Yield 1.17% 0.8% 1.16% 3.3% 2.07% 2.14% 3.1% 3.95%
Dividend per Share 2 1.26 1.44 0.74 0.74 0.74 0.7985 0.98 1.131
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 3.791 4.942 5.845
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 3,723 4,086 4,477
EBITDA 1 1,175 1,410 962.7 945 1,052 1,116 1,262 1,419
EBIT 1 903.2 1,065 503.9 392.6 542.6 667 791.4 922
Net income 1 318.9 678.1 205.2 84 154.9 255.3 329.3 390.3
Net Debt 1 1,733 2,375 4,932 3,746 3,741 3,575 3,270 2,870
Reference price 2 595.20 369.40 333.20 215.20 247.20 251.40 251.40 251.40
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.($)
32.54x5.7x21.86x0.28% 242B
36.27x6.5x20.6x0.69% 150B
42.48x11.22x24.76x-.--% 138B
16.11x3.32x10.81x-.--% 61.74B
33.65x6.72x21.27x-.--% 49.08B
18.6x2.27x11.53x2.71% 47.43B
32.68x6.47x21.96x0.62% 47.3B
41.85x10.08x22.22x-.--% 44.25B
74.44x7.11x21.64x-.--% 41.78B
Average 36.51x 6.60x 19.63x 0.48% 91.4B
Weighted average by Cap. 35.56x 6.81x 20.67x 0.4%

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