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 2,702 - -
Change - -46.24% 57.52% -12.67% 13% -9.79% - -
Enterprise Value (EV) 1 3,510 1,848 2,983 2,819 3,168 2,829 2,777 2,661
Change - -47.37% 61.45% -5.49% 12.37% -10.71% -1.82% -4.19%
P/E 31.7x 15.8x 25x 18.3x 19.9x 15.8x 14.3x 13x
PBR 4.95x 2.29x 3.34x 2.54x 2.66x 2.12x 1.87x 1.66x
PEG - 2.06x -72.15x 0.9x 5.23x 1.2x 1.4x 1.33x
Capitalization / Revenue 3.37x 1.58x 2.43x 1.9x 2.04x 1.74x 1.64x 1.56x
EV / Revenue 3.3x 1.52x 2.39x 2.02x 2.16x 1.82x 1.69x 1.53x
EV / EBITDA 16.3x 8.27x 12.8x 9.96x 10.9x 8.97x 8.04x 7.13x
EV / EBIT 20.8x 10.1x 16.1x 12.4x 13.8x 11.1x 10x 8.79x
EV / FCF 36.5x 40.7x 50.8x 22.8x 29.7x 33.4x 23x 17.7x
FCF Yield 2.74% 2.46% 1.97% 4.39% 3.37% 2.99% 4.34% 5.65%
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% 0.53% 0.63% 0.74%
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 2 424.50 228.00 359.50 316.50 357.50 322.50 322.50 322.50
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.74x4.22x10.02x2.75% 31.86B
173.33x2.92x14.74x-.--% 11.95B
14.9x1.09x4.14x4.86% 3.96B
15.83x1.82x8.97x0.53% 3.14B
56.57x - - 0.63% 2.05B
34.65x3.92x14.04x-.--% 1.94B
12.25x1.33x8.02x1.27% 1.53B
18.02x2.23x10.72x1.73% 1.17B
34.15x - - 0.44% 1.04B
Average 41.49x 2.50x 10.09x 1.36% 6.51B
Weighted average by Cap. 49.06x 3.45x 10.66x 1.95%

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