Company Valuation: Ventas, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,406 18,007 20,041 24,705 36,348 47,713 - -
Change - -11.75% 11.29% 23.27% 47.13% 31.27% - -
Enterprise Value (EV) 1 32,284 30,182 33,023 37,330 48,573 59,981 59,993 60,309
Change - -6.51% 9.41% 13.04% 30.12% 23.49% 0.02% 0.53%
P/E 393x -375x -498x 310x 143x 162x 103x 72.7x
PBR 1.88x 1.77x 2.13x 2.28x 2.93x 3.56x 3.63x 3.68x
PEG - 2x 29.9x -1x 1x 12.9x 1.8x 1.8x
Capitalization / Revenue 5.33x 4.36x 4.46x 5.02x 6.23x 6.91x 6.11x 5.52x
EV / Revenue 8.43x 7.31x 7.34x 7.58x 8.33x 8.69x 7.69x 6.98x
EV / EBITDA 19.5x 17.3x 18x 18.7x 21.2x 24x 21.2x 19.4x
EV / EBIT 70.3x 55.3x 74.8x 50.3x 53.1x 65.4x 51.8x 44.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.8 1.8 1.8 1.8 1.92 2.079 2.248 2.464
Rate of return 3.52% 4% 3.61% 3.06% 2.48% 2.12% 2.29% 2.51%
EPS 2 0.13 -0.12 -0.1 0.19 0.54 0.6077 0.9573 1.349
Distribution rate 1,385% -1,500% -1,800% 947% 356% 342% 235% 183%
Net sales 1 3,828 4,129 4,498 4,924 5,834 6,902 7,804 8,638
EBITDA 1 1,656 1,744 1,834 1,995 2,295 2,504 2,833 3,103
EBIT 1 459 545.7 441.6 742 915.4 917.5 1,158 1,368
Net income 1 49.01 -47.45 -40.97 81.15 251.4 294.3 493.8 700.6
Net Debt 1 11,878 12,174 12,982 12,625 12,225 12,269 12,281 12,596
Reference price 2 51.12 45.05 49.84 58.89 77.38 98.14 98.14 98.14
Nbr of stocks (in thousands) 399,176 399,718 402,104 419,508 469,733 486,170 - -
Announcement Date 17/02/22 09/02/23 14/02/24 12/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
161.5x8.69x23.95x2.12% 47.71B
73.59x13.25x35.41x1.29% 175B
68.39x8.65x15.12x5.38% 15.73B
26.21x17.93x16.57x5.2% 15.38B
96.73x4.08x23.4x1.75% 11.12B
28.56x18.73x19.8x3.65% 10.09B
8.21x15.88x18.48x5.83% 6.81B
32.4x8.99x15.7x5.4% 5.61B
80x - - 2.67% 5.34B
8.27x10.57x15.51x4.73% 3.81B
Average 58.39x 11.86x 20.44x 3.8% 29.67B
Weighted average by Cap. 81.32x 12.29x 29.41x 2.19%

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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