Company Valuation: Bayer AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 46,174 47,476 33,039 18,975 36,360 38,929 - -
Change - 2.82% -30.41% -42.57% 91.62% 7.07% - -
Enterprise Value (EV) 1 79,140 78,749 67,302 51,329 36,360 71,171 68,175 65,701
Change - -0.49% -14.54% -23.73% -29.16% 95.74% -4.21% -3.63%
P/E ratio 46.1x 11.5x -11.2x -7.43x -10.1x 32.1x 13.1x 10.6x
PBR 1.4x 1.22x 1x 0.59x - 1.37x 1.16x 1.14x
PEG - 0x 0x 0.6x -0.2x -0x 0x 0.4x
Capitalization / Revenue 1.05x 0.94x 0.69x 0.41x 0.8x 0.86x 0.83x 0.8x
EV / Revenue 1.8x 1.55x 1.41x 1.1x 0.8x 1.57x 1.46x 1.35x
EV / EBITDA 7.08x 5.83x 5.75x 5.07x 3.76x 7.5x 6.74x 5.94x
EV / EBIT 10.8x 8.51x 8.87x 9.44x 7.12x 12.6x 11x 9.81x
EV / FCF 31.9x 19x 28.4x 11.2x - -34.3x 18.9x 16x
FCF Yield 3.13% 5.26% 3.52% 8.94% - -2.92% 5.28% 6.24%
Dividend per Share 2 2 2.4 0.11 0.11 - 0.2206 0.7967 1.283
Rate of return 4.26% 4.97% 0.33% 0.57% - 0.56% 2.01% 3.24%
EPS 2 1.02 4.22 -2.99 -2.6 -3.68 1.236 3.026 3.752
Distribution rate 196% 56.9% -3.68% -4.23% - 17.9% 26.3% 34.2%
Net sales 1 44,081 50,739 47,637 46,606 45,575 45,447 46,850 48,796
EBITDA 1 11,179 13,513 11,706 10,123 9,669 9,485 10,117 11,061
EBIT 1 7,295 9,257 7,589 5,436 5,108 5,632 6,224 6,695
Net income 1 1,000 4,150 -2,941 -2,552 -3,620 1,648 3,006 3,696
Net Debt 1 32,966 31,273 34,263 32,354 - 32,243 29,247 26,773
Reference price 2 47.00 48.32 33.63 19.31 37.01 39.62 39.62 39.62
Nbr of stocks (in thousands) 982,424 982,424 982,424 982,424 982,424 982,424 - -
Announcement Date 3/1/22 2/28/23 3/5/24 3/4/25 3/4/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.07x1.57x7.51x0.58% 45.33B
29.43x11.08x22.26x0.66% 895B
25.86x6.02x16.39x2.17% 587B
24.65x6.75x13.55x3.05% 401B
18.04x4.39x10.87x3% 345B
21.41x5.76x14.24x2.81% 300B
24.8x5.16x14.3x1.69% 306B
27.37x4.79x14.99x2.88% 289B
25.26x6.39x11.37x2.67% 202B
20.59x6.26x11.33x2.19% 184B
Average 24.95x 5.82x 13.68x 2.17% 355.58B
Weighted average by Cap. 25.29x 7.00x 15.87x 2.05%

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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