Company Valuation: Ventas, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,406 18,007 20,041 24,705 36,348 43,585 - -
Change - -11.75% 11.29% 23.27% 47.13% 19.91% - -
Enterprise Value (EV) 1 32,284 30,182 33,023 37,330 48,573 55,856 55,871 56,241
Change - -6.51% 9.41% 13.04% 30.12% 14.99% 0.03% 0.66%
P/E 393x -375x -498x 310x 143x 148x 92.8x 65.3x
PBR 1.88x 1.77x 2.13x 2.28x 2.93x 3.25x 3.32x 3.36x
PEG - 2x 29.9x -1x 1x 12x 1.6x 1.5x
Capitalization / Revenue 5.33x 4.36x 4.46x 5.02x 6.23x 6.34x 5.68x 5.18x
EV / Revenue 8.43x 7.31x 7.34x 7.58x 8.33x 8.13x 7.29x 6.68x
EV / EBITDA 19.5x 17.3x 18x 18.7x 21.2x 22.3x 19.7x 18.1x
EV / EBIT 70.3x 55.3x 74.8x 50.3x 53.1x 61.2x 48.6x 41.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.8 1.8 1.8 1.8 1.92 2.079 2.248 2.464
Rate of return 3.52% 4% 3.61% 3.06% 2.48% 2.32% 2.51% 2.75%
EPS 2 0.13 -0.12 -0.1 0.19 0.54 0.6067 0.9664 1.374
Distribution rate 1,385% -1,500% -1,800% 947% 356% 343% 233% 179%
Net sales 1 3,828 4,129 4,498 4,924 5,834 6,873 7,667 8,413
EBITDA 1 1,656 1,744 1,834 1,995 2,295 2,502 2,830 3,100
EBIT 1 459 545.7 441.6 742 915.4 912.8 1,149 1,359
Net income 1 49.01 -47.45 -40.97 81.15 251.4 292.6 491.2 697.3
Net Debt 1 11,878 12,174 12,982 12,625 12,225 12,271 12,286 12,656
Reference price 2 51.12 45.05 49.84 58.89 77.38 89.65 89.65 89.65
Nbr of stocks (in thousands) 399,176 399,718 402,104 419,508 469,733 486,170 - -
Announcement Date 2/17/22 2/9/23 2/14/24 2/12/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
147.76x8.13x22.32x2.32% 43.59B
78.8x12.75x33.71x1.43% 162B
69.06x8.44x14.65x5.68% 14.92B
24.45x17x15.7x5.57% 14.35B
90.45x3.8x22.06x1.88% 10.34B
27.33x18.17x19.21x3.81% 9.66B
-331.37x9.89x16.23x4.73% 7.03B
7.4x16.25x18.81x5.98% 6.69B
77.07x7.83x20.51x2.77% 5.1B
29.12x8.38x14.54x6.13% 4.96B
Average 22.01x 11.06x 19.77x 4.03% 27.91B
Weighted average by Cap. 71.95x 11.72x 27.68x 2.41%

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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