Company Valuation: GSK plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 80,458 58,381 59,112 54,944 73,201 74,270 - -
Change - -27.44% 1.25% -7.05% 33.23% 1.46% - -
Enterprise Value (EV) 1 100,296 75,578 74,152 68,039 87,654 94,108 91,330 88,335
Change - -24.65% -1.89% -8.24% 28.83% 7.36% -2.95% -3.28%
P/E 18.6x 3.93x 11.9x 21.3x 12.9x 14x 11.5x 10.7x
PBR 5.34x 5.47x 4.4x 4.02x - 4.53x 3.96x 3.49x
PEG - 0x -0.2x -0.4x 0x -2.24x 0.5x 1.54x
Capitalization / Revenue 2.36x 1.99x 1.95x 1.75x 2.24x 2.19x 2.09x 2.03x
EV / Revenue 2.94x 2.58x 2.45x 2.17x 2.68x 2.77x 2.57x 2.41x
EV / EBITDA 8.85x 7.23x 6.37x 6.36x 7.77x 8.21x 7.45x 6.96x
EV / EBIT 11.4x 9.27x 8.44x 7.44x 8.96x 9.14x 8.27x 7.67x
EV / FCF 22.6x 12.1x 13.6x 13x 13.7x 17x 15.8x 13x
FCF Yield 4.42% 8.28% 7.36% 7.67% 7.32% 5.9% 6.34% 7.7%
Dividend per Share 2 1 0.6125 0.58 0.61 0.66 0.6958 0.7495 0.7831
Rate of return 4.98% 4.26% 4% 4.53% 3.62% 3.75% 4.04% 4.22%
EPS 2 1.082 3.662 1.216 0.632 1.411 1.323 1.616 1.728
Distribution rate 92.4% 16.7% 47.7% 96.5% 46.8% 52.6% 46.4% 45.3%
Net sales 1 34,114 29,324 30,328 31,376 32,667 33,936 35,515 36,639
EBITDA 1 11,330 10,449 11,635 10,693 11,278 11,464 12,256 12,693
EBIT 1 8,806 8,151 8,786 9,148 9,783 10,298 11,044 11,519
Net income 1 4,385 14,956 4,928 2,575 5,716 5,436 6,484 6,933
Net Debt 1 19,838 17,197 15,040 13,095 14,453 19,838 17,060 14,065
Reference price 2 20.08 14.38 14.50 13.46 18.24 18.54 18.54 18.54
Nbr of stocks (in thousands) 4,006,383 4,060,999 4,076,145 4,080,519 4,012,126 4,007,011 - -
Announcement Date 09/02/22 01/02/23 31/01/24 05/02/25 04/02/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.01x2.77x8.21x3.75% 101B
33.44x12.14x24.6x0.59% 1,047B
29.82x - - 2% 646B
32.61x7.57x15.74x2.68% 451B
19.99x4.75x11.76x2.79% 355B
21.76x5.62x13.93x2.85% 291B
20.88x4.29x12.24x2.06% 252B
27.35x7.07x12.56x2.33% 234B
13.25x4.77x9.95x3.83% 203B
-44.51x6.43x25.11x2.26% 181B
Average 16.86x 6.16x 14.90x 2.51% 376B
Weighted average by Cap. 23.97x 7.90x 17.50x 2.01%

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