Company Valuation: Viatris Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,363 13,497 12,992 14,860 14,340 20,215 - -
Change - -17.51% -3.74% 14.38% -3.5% 40.98% - -
Enterprise Value (EV) 1 38,749 13,497 30,132 28,173 27,431 32,166 30,900 30,063
Change - -65.17% 123.25% -6.5% -2.63% 17.26% -3.94% -2.71%
P/E -12.9x 6.51x 217x -23.5x -4.15x 75.7x 43.3x 32.4x
PBR 0.8x - 0.64x 0.8x 0.97x 1.39x 1.34x 1.24x
PEG - -0x -2.2x 0x -0x -1x 0.6x 1x
Capitalization / Revenue 0.91x 0.83x 0.84x 1.01x 1x 1.37x 1.34x 1.3x
EV / Revenue 2.17x 0.83x 1.95x 1.91x 1.92x 2.18x 2.05x 1.94x
EV / EBITDA 6.03x 2.34x 5.88x 6.03x 6.59x 7.25x 6.75x 6.23x
EV / EBIT 6.41x 2.47x 6.38x 6.67x 7.3x 7.94x 7.27x 6.64x
EV / FCF 15.1x - 12.4x 14.3x 14.2x 15.2x 13.5x 19x
FCF Yield 6.61% - 8.04% 7.02% 7.06% 6.58% 7.43% 5.28%
Dividend per Share 2 0.33 - 0.48 0.48 0.48 0.5088 0.5219 0.5056
Rate of return 2.44% - 4.43% 3.86% 3.86% 2.89% 2.97% 2.87%
EPS 2 -1.05 1.71 0.05 -0.53 -3 0.2324 0.4062 0.544
Distribution rate -31.4% - 960% -90.6% -16% 219% 128% 93%
Net sales 1 17,886 16,263 15,427 14,739 14,300 14,789 15,037 15,495
EBITDA 1 6,426 5,777 5,124 4,669 4,160 4,436 4,581 4,827
EBIT 1 6,046 5,475 4,724 4,225 3,759 4,052 4,253 4,530
Net income 1 -1,269 2,079 54.7 -634.2 -3,515 141.5 298.4 624.6
Net Debt 1 22,386 - 17,140 13,312 13,092 11,951 10,684 9,847
Reference price 2 13.53 11.13 10.83 12.45 12.45 17.60 17.60 17.60
Nbr of stocks (in thousands) 1,209,393 1,212,685 1,199,671 1,193,593 1,151,770 1,148,591 - -
Announcement Date 2/28/22 2/27/23 2/28/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.45x11.78x23.93x0.61% 1,019B
28.48x6.32x17.74x2.09% 617B
33.26x7.78x16.08x2.64% 464B
104.98x5.87x24.89x2.36% 356B
18.81x4.58x11.36x2.9% 333B
19.83x5.17x12.78x3.09% 267B
20.02x4.17x11.86x2.13% 244B
25.46x6.66x11.86x2.5% 218B
-43.78x6.39x24.97x2.27% 179B
Average 26.61x 6.52x 17.28x 2.29% 410.8B
Weighted average by Cap. 31.80x 7.61x 18.61x 1.96%

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