Company Valuation: Amgen Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 126,718 140,139 154,142 140,103 176,250 233,818 - -
Change - 10.59% 9.99% -9.11% 25.8% 32.66% - -
Enterprise Value (EV) 1 151,990 169,779 207,811 188,229 221,725 275,174 269,115 264,240
Change - 11.7% 22.4% -9.42% 17.8% 24.11% -2.2% -1.81%
P/E 21.9x 21.7x 23.1x 34.5x 23x 27.5x 24.5x 23.5x
PBR 18.7x 38.3x 24.7x 23.8x 20.4x 20.9x 17x 13.6x
PEG - 1.2x 7.36x -0.9x 0.3x 2.6x 2x 5.46x
Capitalization / Revenue 4.88x 5.32x 5.47x 4.19x 4.8x 6x 5.79x 5.59x
EV / Revenue 5.85x 6.45x 7.37x 5.63x 6.03x 7.06x 6.67x 6.32x
EV / EBITDA 9.61x 10.5x 11.9x 9.13x 10.4x 12.6x 12.1x 11.9x
EV / EBIT 12.2x 13.3x 15.5x 12.5x 13.7x 16.2x 15.2x 14.3x
EV / FCF 18.1x 19.3x 28.2x 18.1x 27.4x 24.8x 18.1x 16.9x
FCF Yield 5.51% 5.17% 3.54% 5.52% 3.65% 4.04% 5.54% 5.91%
Dividend per Share 2 7.04 7.76 8.52 9 9.52 10.09 10.66 11.12
Rate of return 3.13% 2.95% 2.96% 3.45% 2.91% 2.33% 2.46% 2.57%
EPS 2 10.28 12.11 12.49 7.56 14.23 15.75 17.65 18.41
Distribution rate 68.5% 64.1% 68.2% 119% 66.9% 64% 60.4% 60.4%
Net sales 1 25,979 26,323 28,190 33,424 36,751 38,965 40,357 41,810
EBITDA 1 15,822 16,178 17,470 20,620 21,370 21,765 22,232 22,226
EBIT 1 12,424 12,761 13,399 15,028 16,203 16,946 17,758 18,506
Net income 1 5,893 6,552 6,717 4,090 7,711 8,540 9,426 9,983
Net Debt 1 25,272 29,640 53,669 48,126 45,475 41,356 35,297 30,422
Reference price 2 224.97 262.64 288.02 260.64 327.31 432.49 432.49 432.49
Nbr of stocks (in thousands) 563,266 533,579 535,178 537,533 538,481 540,632 - -
Announcement Date 07/02/22 31/01/23 06/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.96x12.96x27.14x0.55% 1,120B
37.4x6.3x17.74x2.09% 616B
36.43x8.36x17.24x2.43% 504B
20.46x4.99x12.38x2.64% 367B
106.52x5.95x25.12x2.33% 360B
21.18x5.54x13.63x2.88% 288B
21.7x4.38x12.55x2.01% 258B
27.46x7.06x12.64x2.33% 234B
-45.63x6.99x27.07x2.11% 194B
Average 29.05x 6.95x 18.39x 2.15% 437.88B
Weighted average by Cap. 34.72x 8.20x 20.04x 1.84%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Amgen Inc.

Historical PBR trend

Valuation ratios - PBR - Amgen Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Amgen Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Amgen Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Amgen Inc.