Projected Income Statement: GSK plc

Forecast Balance Sheet: GSK plc

Forecast Balance Sheet - GSK plc
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 19,838 17,197 15,040 13,095 14,453 21,891 19,177 16,511
Change - -13.31% -12.54% -12.93% 10.37% 51.46% -12.4% -13.9%
Announcement Date 09/02/22 01/02/23 31/01/24 05/02/25 04/02/26 - - -
1GBP in Million
Estimates

Cash Flow Forecast: GSK plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,172 1,143 1,314 1,334 1,324 1,585 1,528 1,586
Change - -2.47% 14.96% 1.52% -0.75% 19.73% -3.6% 3.77%
Free Cash Flow (FCF) 1 4,437 6,260 5,454 5,220 6,417 4,780 4,721 5,866
Change - 41.09% -12.88% -4.29% 22.93% -25.51% -1.23% 24.24%
Announcement Date 09/02/22 01/02/23 31/01/24 05/02/25 04/02/26 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: GSK plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 33.21% 35.63% 38.36% 34.08% 34.52% 34.07% 34.72% 34.56%
EBIT Margin (%) 25.81% 27.8% 28.97% 29.16% 29.95% 30.6% 31.15% 31.47%
EBT Margin (%) 15.95% 19.19% 19.99% 11.08% 22.66% 19.98% 22.51% 24.79%
Net margin (%) 12.85% 51% 16.25% 8.21% 17.5% 14.54% 17.32% 18.3%
FCF margin (%) 13.01% 21.35% 17.98% 16.64% 19.64% 14.13% 13.38% 16.1%
FCF / Net Income (%) 101.19% 41.86% 110.67% 202.72% 112.26% 97.19% 77.28% 87.96%

Profitability

        
ROA 5.5% 8.08% 10.55% 10.97% 9.48% 9.16% 10.81% 10.93%
ROE 38.22% 43.85% 52.48% 48.09% 46.39% 41.84% 38.36% 34.51%

Financial Health

        
Leverage (Debt/EBITDA) 1.75x 1.65x 1.29x 1.22x 1.28x 1.9x 1.57x 1.31x
Debt / Free cash flow 4.47x 2.75x 2.76x 2.51x 2.25x 4.58x 4.06x 2.81x

Capital Intensity

        
CAPEX / Current Assets (%) 3.44% 3.9% 4.33% 4.25% 4.05% 4.69% 4.33% 4.35%
CAPEX / EBITDA (%) 10.34% 10.94% 11.29% 12.48% 11.74% 13.75% 12.48% 12.59%
CAPEX / FCF (%) 26.41% 18.26% 24.09% 25.56% 20.63% 33.17% 32.37% 27.04%

Items per share

        
Cash flow per share 1 1.962 1.813 1.67 1.608 1.88 1.778 2.095 2.274
Change - -7.63% -7.86% -3.75% 16.96% -5.42% 17.79% 8.54%
Dividend per Share 1 1 0.6125 0.58 0.61 0.66 0.6958 0.7479 0.7822
Change - -38.75% -5.31% 5.17% 8.2% 5.42% 7.5% 4.58%
Book Value Per Share 1 3.758 2.627 3.294 3.353 4.043 4.343 4.483 5.2
Change - -30.09% 25.38% 1.8% 20.56% 7.43% 3.22% 16%
EPS 1 1.082 3.662 1.216 0.632 1.411 1.233 1.543 1.674
Change - 238.29% -66.79% -48.03% 123.26% -12.62% 25.17% 8.49%
Nbr of stocks (in thousands) 4,006,383 4,060,999 4,076,145 4,080,519 4,012,126 4,008,939 4,008,939 4,008,939
Announcement Date 09/02/22 01/02/23 31/01/24 05/02/25 04/02/26 - - -
1GBP
Estimates
2026 *2027 *
P/E 15.4x 12.3x
PBR 4.38x 4.24x
EV / Sales 2.9x 2.7x
Yield 3.66% 3.93%

EPS & Dividend

EPS & Dividend - GSK plc


Y-o-Y evolution of P/E

Valuation ratios - P/E - GSK plc
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - GSK plc
Trader
Investor
Global
Quality
ESG MSCI
AA
MarketScreener Ratings - GSK plc
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
19.01GBP
Average target price
21.47GBP
Spread / Average Target
+12.96%