Company Valuation: Synchrony Financial

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,387 14,805 15,803 25,307 30,049 22,994 - -
Change - -41.68% 6.74% 60.14% 18.74% -23.48% - -
Enterprise Value (EV) 1 31,557 18,702 17,526 26,058 30,258 27,133 31,896 34,558
Change - -40.74% -6.29% 48.68% 16.12% -10.33% 17.56% 8.34%
P/E 6.32x 5.34x 7.36x 7.6x 8.99x 7.49x 6.78x 5.94x
PBR 1.89x 1.19x 1.18x 1.64x 1.86x 1.45x 1.31x 1.18x
PEG - -0.3x -0.5x 0.1x 1.05x 4.43x 0.6x 0.4x
Capitalization / Revenue 2.49x 1.27x 1.16x 1.57x 2.01x 1.51x 1.44x 1.38x
EV / Revenue 3.1x 1.6x 1.29x 1.62x 2.02x 1.79x 2x 2.07x
EV / EBITDA - - - - - 3.36x 3.94x -
EV / EBIT 5.07x 2.55x 1.98x 2.31x 3.07x 2.74x 3.04x 3.12x
EV / FCF - - - - 3.07x 8.82x 10.7x -
FCF Yield - - - - 32.6% 11.3% 9.38% -
Dividend per Share 2 0.88 0.9 0.96 1 1.15 1.279 1.419 1.603
Rate of return 1.9% 2.74% 2.51% 1.54% 1.38% 1.81% 2.01% 2.27%
EPS 2 7.34 6.15 5.19 8.55 9.28 9.437 10.42 11.91
Distribution rate 12% 14.6% 18.5% 11.7% 12.4% 13.6% 13.6% 13.5%
Net sales 1 10,192 11,674 13,627 16,125 14,981 15,180 15,973 16,712
EBITDA 1 - - - - - 8,070 8,090 -
EBIT 1 6,229 7,337 8,869 11,286 9,846 9,897 10,500 11,078
Net income 1 4,179 2,974 2,196 3,427 3,469 3,128 3,056 3,134
Net Debt 1 6,170 3,897 1,723 751 209 4,139 8,902 11,564
Reference price 2 46.39 32.86 38.19 65.00 83.43 70.67 70.67 70.67
Nbr of stocks (in thousands) 547,259 450,541 413,804 389,344 360,171 325,371 - -
Announcement Date 1/28/22 1/23/23 1/23/24 1/28/25 1/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.17x16.74x - 0.69% 67.71B
36.3x5x17.15x-.--% 34.4B
24.17x5.06x25.06x0.08% 30.82B
16.88x11.78x22.88x1.18% 24.74B
7.49x1.79x3.36x1.81% 22.99B
27.85x3.74x11.25x-.--% 21.38B
22.45x18.54x43.78x0.16% 15.78B
21.47x22.19x - 0.24% 15.41B
Average 22.72x 10.61x 20.58x 0.52% 29.15B
Weighted average by Cap. 23.88x 10.76x 19.57x 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

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  5. Valuation Synchrony Financial