GALENICA AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 70.85 CHF | +0.71% |
|
+0.93% | -2.61% |
| Apr. 17 | Switzerland's Galenica Issues CHF100 Million Bond Due 2031 | MT |
| Mar. 14 | GALENICA : FY23 one-offs shroud decent underlying profitability growth |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,943 | 2,911 | 3,393 | 3,750 | 3,624 | 3,531 | - | - |
| Enterprise Value (EV) 1 | 3,269 | 3,492 | 3,901 | 4,343 | 4,283 | 4,070 | 4,041 | 4,069 |
| P/E ratio | 23.7 x | 17 x | 20.3 x | 22.8 x | 22 x | 20.5 x | 19.3 x | 18 x |
| Yield | 3.01% | 3.05% | 3.06% | 2.91% | 3.02% | 3.22% | 3.34% | 2.68% |
| Capitalization / Revenue | 0.89 x | 0.84 x | 0.88 x | 0.93 x | 0.97 x | 0.9 x | 0.87 x | 0.83 x |
| EV / Revenue | 0.99 x | 1 x | 1.02 x | 1.08 x | 1.14 x | 1.04 x | 0.99 x | 0.96 x |
| EV / EBITDA | 12.6 x | 11.3 x | 14.9 x | 17.4 x | 17.7 x | 13.8 x | 13 x | 12.2 x |
| EV / FCF | 16.6 x | 18.6 x | 13.4 x | 22.2 x | 28.7 x | 27.1 x | 23.9 x | 21.8 x |
| FCF Yield | 6.02% | 5.38% | 7.46% | 4.51% | 3.49% | 3.69% | 4.19% | 4.58% |
| Price to Book | 2.97 x | 2.78 x | 2.77 x | 3.02 x | 2.46 x | 2.36 x | 2.25 x | 2.18 x |
| Nbr of stocks (in thousands) | 49,177 | 49,339 | 49,499 | 49,638 | 49,816 | 49,832 | - | - |
| Reference price 2 | 59.85 | 59.00 | 68.55 | 75.55 | 72.75 | 70.85 | 70.85 | 70.85 |
| Announcement Date | 3/9/20 | 3/9/21 | 3/8/22 | 3/29/23 | 3/12/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,301 | 3,480 | 3,835 | 4,014 | 3,746 | 3,919 | 4,076 | 4,231 |
| EBITDA 1 | 260.3 | 309.5 | 262.3 | 249.9 | 242.2 | 295.3 | 311.8 | 332.5 |
| EBIT 1 | 166.9 | 168.6 | 213.1 | 200.8 | 191.3 | 215.4 | 227.4 | 246.5 |
| Operating Margin | 5.06% | 4.85% | 5.56% | 5% | 5.11% | 5.5% | 5.58% | 5.83% |
| Earnings before Tax (EBT) 1 | 163.4 | 208.6 | 203 | 199.6 | 194.9 | 202.4 | 213.5 | 230.3 |
| Net income 1 | 125 | 172.2 | 167.7 | 165.1 | 285.4 | 173.9 | 183.3 | 190.6 |
| Net margin | 3.79% | 4.95% | 4.37% | 4.11% | 7.62% | 4.44% | 4.5% | 4.51% |
| EPS 2 | 2.530 | 3.480 | 3.380 | 3.320 | 3.310 | 3.462 | 3.675 | 3.946 |
| Free Cash Flow 1 | 196.8 | 187.9 | 291.2 | 195.8 | 149.3 | 150.3 | 169.3 | 186.4 |
| FCF margin | 5.96% | 5.4% | 7.59% | 4.88% | 3.99% | 3.83% | 4.15% | 4.41% |
| FCF Conversion (EBITDA) | 75.62% | 60.7% | 110.99% | 78.36% | 61.66% | 50.89% | 54.3% | 56.06% |
| FCF Conversion (Net income) | 157.49% | 109.07% | 173.64% | 118.58% | 52.33% | 86.44% | 92.35% | 97.78% |
| Dividend per Share 2 | 1.800 | 1.800 | 2.100 | 2.200 | 2.200 | 2.282 | 2.366 | 1.901 |
| Announcement Date | 3/9/20 | 3/9/21 | 3/8/22 | 3/29/23 | 3/12/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,690 | 1,789 | - | 1,978 | 1,960 | 2,054 | 1,851 |
| EBITDA 1 | 105.3 | 180.2 | - | - | 152.6 | 126.2 | 143.9 |
| EBIT 1 | 83.58 | - | 101.4 | 111.7 | 100 | 100.8 | 92.52 |
| Operating Margin | 4.94% | - | - | 5.65% | 5.1% | 4.91% | 5% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income 1 | 66.17 | 106.1 | - | 88.38 | 82.91 | 82.22 | 187 |
| Net margin | 3.91% | 5.93% | - | 4.47% | 4.23% | 4% | 10.1% |
| EPS 2 | 1.340 | 2.140 | - | 1.780 | 1.670 | 1.650 | 1.490 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 8/4/20 | 3/9/21 | - | 3/8/22 | 8/9/22 | 3/29/23 | 8/8/23 |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 326 | 581 | 508 | 593 | 658 | 540 | 510 | 539 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.253 x | 1.877 x | 1.935 x | 2.371 x | 2.718 x | 1.828 x | 1.636 x | 1.62 x |
| Free Cash Flow 1 | 197 | 188 | 291 | 196 | 149 | 150 | 169 | 186 |
| ROE (net income / shareholders' equity) | 14% | 16.9% | 14.7% | 13.4% | 21% | 12.1% | 12.3% | 12.8% |
| ROA (Net income/ Total Assets) | 6.6% | 7.71% | 6.95% | 6.38% | 10.2% | 5.61% | 5.84% | 6.13% |
| Assets 1 | 1,895 | 2,234 | 2,412 | 2,589 | 2,802 | 3,101 | 3,139 | 3,112 |
| Book Value Per Share 2 | 20.20 | 21.20 | 24.80 | 25.00 | 29.50 | 30.00 | 31.50 | 32.50 |
| Cash Flow per Share 2 | 5.070 | 4.530 | 6.710 | 4.760 | 4.520 | 5.010 | 5.850 | 5.630 |
| Capex 1 | 53.6 | 55.1 | 41.9 | 41.1 | 76.4 | 110 | 110 | 110 |
| Capex / Sales | 1.62% | 1.58% | 1.09% | 1.02% | 2.04% | 2.8% | 2.7% | 2.6% |
| Announcement Date | 3/9/20 | 3/9/21 | 3/8/22 | 3/29/23 | 3/12/24 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
70.85
CHF
Average target price
76.25
CHF
Spread / Average Target
+7.62%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.61% | 3.86B | |
| +17.35% | 71.39B | |
| +5.38% | 8.59B | |
| +6.69% | 8.19B | |
| -20.96% | 7.91B | |
| +0.49% | 4.54B | |
| +17.12% | 4.31B | |
| -3.38% | 3.93B | |
| +22.08% | 3.64B | |
| +7.96% | 3.29B |
- Stock Market
- Equities
- GALE Stock
- Financials Galenica AG
