Valuation Recordati

Stocks

Real-time Borsa Italiana 18:23:12 30/10/2026 +04			5-day change	1st Jan Change
53.00 ^EUR	0.00%		-1.49%	+9.19%

10-27	MIB falls to 49,000; Brent around $111	AN
10-27	Stocks lower; Stellantis and Mediobanca at bottom of MIB	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	11,657	7,959	10,042	10,347	9,930	10,855	-	-
Change	-	-31.72%	26.16%	3.04%	-4.03%	9.32%	-	-
Enterprise Value (EV) ¹	12,405	9,379	11,621	12,501	11,967	12,629	12,317	11,950
Change	-	-24.39%	23.9%	7.57%	-4.27%	5.53%	-2.47%	-2.98%
P/E	30.6x	25.9x	26.2x	25.4x	22.9x	21.6x	17.5x	15x
PBR	8.42x	5.15x	6.06x	5.64x	5.29x	4.95x	4.32x	3.76x
PEG	-	-1.4x	1.1x	3.61x	3.54x	1.4x	0.8x	0.9x
Capitalization / Revenue	7.38x	4.29x	4.82x	4.42x	3.79x	3.89x	3.58x	3.37x
EV / Revenue	7.85x	5.06x	5.58x	5.34x	4.57x	4.52x	4.07x	3.71x
EV / EBITDA	20.6x	13.9x	15.1x	14.4x	12.1x	12.4x	10.8x	9.95x
EV / EBIT	25.3x	21.4x	20.8x	18.3x	15.4x	15.1x	12.9x	11.4x
EV / FCF	26.4x	21.4x	25.5x	23.4x	23.3x	19x	16.3x	14.2x
FCF Yield	3.79%	4.68%	3.92%	4.28%	4.29%	5.27%	6.14%	7.06%
Dividend per Share ²	1.1	1.15	1.2	1.27	1.34	1.524	1.682	1.795
Rate of return	1.95%	2.97%	2.46%	2.51%	2.76%	2.87%	3.17%	3.39%
EPS ²	1.846	1.494	1.861	1.992	2.121	2.457	3.024	3.538
Distribution rate	59.6%	77%	64.5%	63.8%	63.2%	62%	55.6%	50.7%
Net sales ¹	1,580	1,853	2,082	2,342	2,618	2,792	3,028	3,224
EBITDA ¹	602.3	672.8	769.6	865.8	991.1	1,020	1,140	1,201
EBIT ¹	490.2	437.3	558	684.4	774.9	833.7	953.3	1,050
Net income ¹	386	312.3	389.2	416.5	443.6	568.9	684.1	764.7
Net Debt ¹	747.6	1,420	1,579	2,154	2,037	1,774	1,462	1,095
Reference price ²	56.50	38.75	48.83	50.60	48.54	53.00	53.00	53.00
Nbr of stocks (in thousands)	206,325	205,406	205,645	204,479	204,565	204,813	-	-
Announcement Date	24/02/22	21/02/23	22/02/24	13/02/25	17/02/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
RECORDATI	21.57x	4.52x	12.38x	2.87%	12.12B
ELI LILLY AND COMPANY	40.35x	13.85x	30.26x	0.5%	1,224B
JOHNSON & JOHNSON	40.28x	6.76x	19.02x	1.94%	662B
ABBVIE INC.	38.08x	8.51x	17.61x	2.36%	514B
ROCHE HOLDING AG	21.65x	5.25x	13.07x	2.49%	388B
MERCK & CO., INC.	106.67x	5.95x	25.48x	2.33%	361B
NOVARTIS AG	22.86x	5.89x	14.22x	2.75%	302B
ASTRAZENECA PLC	22.82x	4.6x	13.15x	1.92%	271B
AMGEN INC.	29.23x	7.45x	13.34x	2.19%	249B
GILEAD SCIENCES, INC.	-47.64x	7.37x	28.55x	1.99%	205B
Average	29.59x	7.02x	18.71x	2.13%	418.9B
Weighted average by Cap.	36.62x	8.70x	21.52x	1.73%