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 47,735 - -
Change - -11.75% 11.29% 23.27% 47.13% 31.33% - -
Enterprise Value (EV) 1 32,284 30,182 33,023 37,330 48,573 60,162 60,618 61,251
Change - -6.51% 9.41% 13.04% 30.12% 23.86% 0.76% 1.04%
P/E 393x -375x -498x 310x 143x 168x 104x 72.4x
PBR 1.88x 1.77x 2.13x 2.28x 2.93x 3.17x 3.41x 3.47x
PEG - 2x 29.9x -1x 1x 61.8x 1.7x 1.7x
Capitalization / Revenue 5.33x 4.36x 4.46x 5.02x 6.23x 6.84x 6.1x 5.48x
EV / Revenue 8.43x 7.31x 7.34x 7.58x 8.33x 8.63x 7.74x 7.03x
EV / EBITDA 19.5x 17.3x 18x 18.7x 21.2x 23.8x 21x 19.1x
EV / EBIT 70.3x 55.3x 74.8x 50.3x 53.1x 66x 52.5x 42.8x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.8 1.8 1.8 1.8 1.92 2.08 2.24 2.438
Rate of return 3.52% 4% 3.61% 3.06% 2.48% 2.23% 2.41% 2.62%
EPS 2 0.13 -0.12 -0.1 0.19 0.54 0.5547 0.8986 1.286
Distribution rate 1,385% -1,500% -1,800% 947% 356% 375% 249% 190%
Net sales 1 3,828 4,129 4,498 4,924 5,834 6,974 7,829 8,713
EBITDA 1 1,656 1,744 1,834 1,995 2,295 2,526 2,889 3,210
EBIT 1 459 545.7 441.6 742 915.4 910.9 1,156 1,432
Net income 1 49.01 -47.45 -40.97 81.15 251.4 285.5 482.1 702.7
Net Debt 1 11,878 12,174 12,982 12,625 12,225 12,427 12,883 13,516
Reference price 2 51.12 45.05 49.84 58.89 77.38 93.06 93.06 93.06
Nbr of stocks (in thousands) 399,176 399,718 402,104 419,508 469,733 512,946 - -
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.($)
83.24x13.21x35.5x1.31% 172B
167.77x8.63x23.82x2.23% 47.73B
46.53x7.95x14.2x5.74% 14.76B
19.79x16.78x15.14x5.79% 14.12B
92.55x4.63x25.04x1.81% 12.93B
26.15x17.24x18.77x3.94% 9.35B
7.82x15.47x18x6.12% 6.66B
-211.87x9.59x16.17x4.95% 6.65B
37.11x8.45x15.23x5.89% 5.21B
Average 29.90x 11.33x 20.21x 4.2% 32.2B
Weighted average by Cap. 81.45x 11.99x 29.28x 2.29%

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