Company Valuation: Virbac

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,584 1,927 3,035 2,651 2,995 2,673 - -
Change - -46.24% 57.52% -12.67% 13% -10.77% - -
Enterprise Value (EV) 1 3,510 1,848 2,983 2,819 3,168 2,799 2,748 2,631
Change - -47.37% 61.45% -5.49% 12.37% -11.64% -1.84% -4.24%
P/E 31.7x 15.8x 25x 18.3x 19.9x 15.7x 14.2x 12.9x
PBR 4.95x 2.29x 3.34x 2.54x 2.66x 2.09x 1.85x 1.64x
PEG - 2.06x -72.15x 0.9x 5.23x 1.2x 1.3x 1.32x
Capitalization / Revenue 3.37x 1.58x 2.43x 1.9x 2.04x 1.72x 1.62x 1.54x
EV / Revenue 3.3x 1.52x 2.39x 2.02x 2.16x 1.8x 1.67x 1.52x
EV / EBITDA 16.3x 8.27x 12.8x 9.96x 10.9x 8.88x 7.95x 7.05x
EV / EBIT 20.8x 10.1x 16.1x 12.4x 13.8x 11x 9.9x 8.69x
EV / FCF 36.5x 40.7x 50.8x 22.8x 29.7x 33.1x 22.8x 17.5x
FCF Yield 2.74% 2.46% 1.97% 4.39% 3.37% 3.02% 4.39% 5.71%
Dividend per Share 2 1.25 1.32 1.32 1.45 1.45 1.724 2.04 2.38
Rate of return 0.29% 0.58% 0.37% 0.46% 0.41% 0.54% 0.64% 0.75%
EPS 2 13.4 14.43 14.38 17.34 18 20.38 22.53 24.74
Distribution rate 9.33% 9.15% 9.18% 8.36% 8.06% 8.46% 9.05% 9.62%
Net sales 1 1,064 1,216 1,247 1,397 1,465 1,551 1,647 1,734
EBITDA 1 215.1 223.4 232.8 283 289.5 315.2 345.4 373.1
EBIT 1 168.9 182.8 184.9 227.5 229.7 254 277.5 302.8
Net income 1 113.2 122 121.3 145.3 150.9 171.1 189.5 208.5
Net Debt 1 -73.83 -79.36 -52.36 168.5 172.8 126.7 75.16 -41.24
Reference price 2 424.50 228.00 359.50 316.50 357.50 319.00 319.00 319.00
Nbr of stocks (in thousands) 8,443 8,451 8,443 8,375 8,378 8,378 - -
Announcement Date 22/03/22 23/03/23 19/03/24 13/03/25 17/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.51x4.16x9.88x2.79% 31.33B
177.54x2.97x15.02x-.--% 12.24B
13.6x1.12x5.5x3.27% 3.93B
15.65x1.8x8.88x0.54% 3.11B
55.14x - - 0.65% 2B
33.84x3.84x13.74x-.--% 1.89B
12.42x1.34x8.1x1.25% 1.55B
19.16x2.29x11.95x1.7% 1.2B
34.5x - - 0.43% 1.05B
Average 41.71x 2.50x 10.44x 1.18% 6.48B
Weighted average by Cap. 50.63x 3.42x 10.78x 1.85%

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