Company Valuation: Lundbeck

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,433 31,719 39,416 41,398 39,943 - -
Change - 24.72% 24.27% 5.03% -3.51% - -
Enterprise Value (EV) 1 27,464 31,008 51,598 49,619 44,021 39,934 36,229
Change - 12.91% 66.4% -3.84% -11.28% -9.29% -9.28%
P/E 13.5x 14.2x 13x 13.4x 9.07x 9.09x 9.77x
PBR 1.24x 1.47x 1.64x 1.72x 1.43x 1.29x 1.19x
PEG - 0.7x 0.3x 8.5x 0.2x -43.26x -1.41x
Capitalization / Revenue 1.39x 1.59x 1.79x 1.68x 1.55x 1.55x 1.59x
EV / Revenue 1.51x 1.56x 2.34x 2.01x 1.7x 1.54x 1.44x
EV / EBITDA 5.89x 5.49x 8.13x 6.3x 5.44x 4.97x 4.78x
EV / EBIT 9.63x 9.71x 15.8x 9.41x 7.26x 6.56x 6.38x
EV / FCF 10.2x 8.66x 18.7x 10.2x 7.75x 6.53x 6.68x
FCF Yield 9.83% 11.5% 5.35% 9.8% 12.9% 15.3% 15%
Dividend per Share 2 0.58 0.7 0.95 1.15 1.503 1.525 1.486
Rate of return 2.23% 2.14% 2.3% 2.66% 3.62% 3.67% 3.58%
EPS 2 1.93 2.31 3.17 3.22 4.573 4.564 4.248
Distribution rate 30.1% 30.3% 30% 35.7% 32.9% 33.4% 35%
Net sales 1 18,246 19,912 22,004 24,630 25,828 25,850 25,073
EBITDA 1 4,663 5,652 6,347 7,881 8,093 8,028 7,577
EBIT 1 2,852 3,195 3,270 5,275 6,065 6,085 5,681
Net income 1 1,916 2,290 3,143 3,192 4,560 4,568 4,240
Net Debt 1 2,031 -711 12,182 8,221 4,078 -9.635 -3,714
Reference price 2 26.05 32.76 41.32 43.16 41.50 41.50 41.50
Nbr of stocks (in thousands) 992,840 992,840 992,011 991,227 991,227 - -
Announcement Date 07/02/23 07/02/24 05/02/25 04/02/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.74x0.25x14.32x0.38% 103B
33.68x0.24x15.38x0.86% 56.03B
46.71x3.29x30.57x1.33% 24.18B
11.58x0.2x4.83x2.63% 8.2B
12.6x0.95x7.67x2.68% 7.25B
6.05x0.1x2.69x4.89% 6.87B
24.68x1.17x14.69x3.02% 5.22B
10.61x0.12x4.33x4.25% 3.63B
12.97x - - 2.51% 3.53B
Average 19.96x 0.79x 11.81x 2.51% 24.18B
Weighted average by Cap. 25.68x 0.63x 15.31x 1.08%

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