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 23,352 - -
Change - -41.68% 6.74% 60.14% 18.74% -22.29% - -
Enterprise Value (EV) 1 31,557 18,702 17,526 26,058 30,258 27,491 32,254 34,915
Change - -40.74% -6.29% 48.68% 16.12% -9.15% 17.33% 8.25%
P/E 6.32x 5.34x 7.36x 7.6x 8.99x 7.6x 6.87x 6.01x
PBR 1.89x 1.19x 1.18x 1.64x 1.86x 1.47x 1.33x 1.2x
PEG - -0.3x -0.5x 0.1x 1.05x 4.39x 0.6x 0.4x
Capitalization / Revenue 2.49x 1.27x 1.16x 1.57x 2.01x 1.54x 1.46x 1.4x
EV / Revenue 3.1x 1.6x 1.29x 1.62x 2.02x 1.81x 2.02x 2.09x
EV / EBITDA - - - - - 3.41x 3.99x -
EV / EBIT 5.07x 2.55x 1.98x 2.31x 3.07x 2.78x 3.07x 3.14x
EV / FCF - - - - 3.07x 8.94x 10.8x -
FCF Yield - - - - 32.6% 11.2% 9.27% -
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% 1.78% 1.98% 2.23%
EPS 2 7.34 6.15 5.19 8.55 9.28 9.441 10.44 11.93
Distribution rate 12% 14.6% 18.5% 11.7% 12.4% 13.6% 13.6% 13.4%
Net sales 1 10,192 11,674 13,627 16,125 14,981 15,163 15,965 16,732
EBITDA 1 - - - - - 8,070 8,090 -
EBIT 1 6,229 7,337 8,869 11,286 9,846 9,882 10,506 11,136
Net income 1 4,179 2,974 2,196 3,427 3,469 3,127 3,062 3,131
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 71.77 71.77 71.77
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.13x - - 1.25% 204B
11.8x2.37x3.88x1.66% 119B
22.88x15.83x - 0.76% 61.34B
34.96x4.89x16.75x-.--% 33.13B
22.68x4.95x24.52x0.08% 28.81B
7.6x1.81x3.41x1.78% 23.35B
15.8x11.33x21.25x1.26% 23.08B
26.6x3.54x10.63x-.--% 20.37B
Average 19.93x 6.39x 13.41x 0.85% 64.25B
Weighted average by Cap. 17.92x 6.25x 10.12x 1.12%

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