Company Valuation: Amgen Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 126,718 140,139 154,142 140,103 176,250 201,932 - -
Change - 10.59% 9.99% -9.11% 25.8% 14.57% - -
Enterprise Value (EV) 1 151,990 169,779 207,811 188,229 221,725 243,637 237,989 233,086
Change - 11.7% 22.4% -9.42% 17.8% 9.88% -2.32% -2.06%
P/E 21.9x 21.7x 23.1x 34.5x 23x 24.4x 22.5x 21.6x
PBR 18.7x 38.3x 24.7x 23.8x 20.4x 18.6x 15.4x 12.7x
PEG - 1.2x 7.36x -0.9x 0.3x 3.12x 2.62x 5.66x
Capitalization / Revenue 4.88x 5.32x 5.47x 4.19x 4.8x 5.35x 5.22x 5.09x
EV / Revenue 5.85x 6.45x 7.37x 5.63x 6.03x 6.45x 6.15x 5.87x
EV / EBITDA 9.61x 10.5x 11.9x 9.13x 10.4x 11.4x 11x 11.2x
EV / EBIT 12.2x 13.3x 15.5x 12.5x 13.7x 14.8x 14x 13.3x
EV / FCF 18.1x 19.3x 28.2x 18.1x 27.4x 18.1x 15.8x 15.2x
FCF Yield 5.51% 5.17% 3.54% 5.52% 3.65% 5.52% 6.35% 6.56%
Dividend per Share 2 7.04 7.76 8.52 9 - 10.09 10.66 11.12
Rate of return 3.13% 2.95% 2.96% 3.45% - 2.7% 2.85% 2.97%
EPS 2 10.28 12.11 12.49 7.56 14.23 15.34 16.66 17.3
Distribution rate 68.5% 64.1% 68.2% 119% - 65.7% 64% 64.3%
Net sales 1 25,979 26,323 28,190 33,424 36,751 37,762 38,714 39,694
EBITDA 1 15,822 16,178 17,470 20,620 21,370 21,455 21,543 20,882
EBIT 1 12,424 12,761 13,399 15,028 16,203 16,499 17,007 17,475
Net income 1 5,893 6,552 6,717 4,090 7,711 8,232 8,865 9,294
Net Debt 1 25,272 29,640 53,669 48,126 45,475 41,705 36,057 31,155
Reference price 2 224.97 262.64 288.02 260.64 327.31 374.15 374.15 374.15
Nbr of stocks (in thousands) 563,266 533,579 535,178 537,533 538,481 539,708 - -
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.($)
35.49x12.89x26.26x0.56% 1,082B
28.11x6.46x17.57x2.03% 633B
32.2x7.69x15.73x2.65% 461B
18.2x4.52x11.11x2.93% 339B
24.21x5.06x14.18x1.72% 301B
22.23x5.7x13.76x2.76% 292B
14.65x5.43x11.14x3.42% 225B
-46.87x5.66x31.47x2.47% 163B
11.37x3.03x7.37x7.2% 139B
Average 15.51x 6.27x 16.51x 2.86% 404.04B
Weighted average by Cap. 24.27x 7.94x 18.57x 2.09%

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