Company Valuation: Synchrony Financial

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,387 14,805 15,803 25,307 30,049 26,004 - -
Change - -41.68% 6.74% 60.14% 18.74% -13.46% - -
Enterprise Value (EV) 1 31,557 18,702 17,526 26,058 30,258 30,142 34,906 37,567
Change - -40.74% -6.29% 48.68% 16.12% -0.38% 15.8% 7.62%
P/E 6.32x 5.34x 7.36x 7.6x 8.99x 8.5x 7.63x 6.63x
PBR 1.89x 1.19x 1.18x 1.64x 1.86x 1.64x 1.48x 1.34x
PEG - -0.3x -0.5x 0.1x 1.05x 6.45x 0.7x 0.4x
Capitalization / Revenue 2.49x 1.27x 1.16x 1.57x 2.01x 1.71x 1.63x 1.55x
EV / Revenue 3.1x 1.6x 1.29x 1.62x 2.02x 1.99x 2.18x 2.24x
EV / EBITDA - - - - - 3.74x 4.31x -
EV / EBIT 5.07x 2.55x 1.98x 2.31x 3.07x 3.04x 3.32x 3.4x
EV / FCF - - - - 3.07x 9.8x 11.7x -
FCF Yield - - - - 32.6% 10.2% 8.57% -
Dividend per Share 2 0.88 0.9 0.96 1 1.15 1.279 1.419 1.603
Rate of return 1.9% 2.74% 2.51% 1.54% 1.38% 1.6% 1.78% 2.01%
EPS 2 7.34 6.15 5.19 8.55 9.28 9.402 10.47 12.05
Distribution rate 12% 14.6% 18.5% 11.7% 12.4% 13.6% 13.6% 13.3%
Net sales 1 10,192 11,674 13,627 16,125 14,981 15,183 15,983 16,748
EBITDA 1 - - - - - 8,070 8,090 -
EBIT 1 6,229 7,337 8,869 11,286 9,846 9,901 10,502 11,063
Net income 1 4,179 2,974 2,196 3,427 3,469 3,110 3,071 3,158
Net Debt 1 6,170 3,897 1,723 751 209 4,139 8,902 11,564
Reference price 2 46.39 32.86 38.19 65.00 83.43 79.92 79.92 79.92
Nbr of stocks (in thousands) 547,259 450,541 413,804 389,344 360,171 325,371 - -
Announcement Date 28/01/22 23/01/23 23/01/24 28/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.59x16.91x - 0.68% 69.84B
42.43x4.85x16.4x-.--% 39.81B
25.79x5.18x25.64x0.07% 33.36B
8.5x1.99x3.74x1.6% 26B
17.45x12.02x23.34x1.14% 25.94B
30.47x4.18x12.55x-.--% 23.53B
22.97x22.71x - 0.23% 16.75B
23.31x18.82x44.44x0.16% 16.63B
Average 24.56x 10.83x 21.02x 0.48% 31.48B
Weighted average by Cap. 25.81x 10.73x 19.63x 0.51%

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

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  5. Valuation Synchrony Financial