Valuation Recordati

Equities

Market Closed - Borsa Italiana Other stock markets 11:44:59 2025-01-13 am EST			5-day change	1st Jan Change
52.60 ^EUR	0.00%		+2.43%	+3.95%

Jan. 03	Indices expected to fall; euro still weak	AN
Jan. 02	Europeans in the green; at the top Saipem, on the bottom BPER	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,667	9,330	11,657	7,959	10,042	10,756	10,756	-
Change	-	21.69%	24.95%	-31.72%	26.16%	7.11%	0%	-
Enterprise Value (EV) ¹	8,570	10,195	12,405	9,379	11,621	12,774	12,453	12,228
Change	-	18.97%	21.67%	-24.39%	23.9%	9.92%	-2.52%	-1.81%
P/E ratio	21.3x	26.7x	30.6x	25.9x	26.2x	24.8x	20.9x	19.1x
PBR	6.45x	7.33x	8.42x	5.15x	6.06x	5.97x	5.46x	4.86x
PEG	-	-7.14x	3.51x	-1.4x	1.1x	1.8x	1.1x	2.03x
Capitalization / Revenue	5.17x	6.44x	7.38x	4.29x	4.82x	4.63x	4.13x	3.9x
EV / Revenue	5.78x	7.04x	7.85x	5.06x	5.58x	5.5x	4.78x	4.43x
EV / EBITDA	15.8x	17.9x	20.6x	13.9x	15.1x	15x	13x	11.9x
EV / EBIT	18.4x	21.7x	25.3x	21.4x	20.8x	18.8x	15.8x	14.4x
EV / FCF	28.3x	26.7x	26.4x	21.4x	25.5x	18.9x	19.2x	16.9x
FCF Yield	3.53%	3.75%	3.79%	4.68%	3.92%	5.3%	5.2%	5.9%
Dividend per Share ²	1	1.05	1.1	1.15	1.2	1.355	1.537	1.72
Rate of return	2.66%	2.32%	1.95%	2.97%	2.46%	2.58%	2.92%	3.27%
EPS ²	1.764	1.698	1.846	1.494	1.861	2.123	2.517	2.754
Distribution rate	56.7%	61.8%	59.6%	77%	64.5%	63.8%	61.1%	62.4%
Net sales ¹	1,482	1,449	1,580	1,853	2,082	2,321	2,606	2,761
EBITDA ¹	544	569.3	602.3	672.8	769.6	853.8	959	1,027
EBIT ¹	465.3	469	490.2	437.3	558	679.2	787.4	847.8
Net income ¹	368.8	355	386	312.3	389.2	466	539.4	589.4
Net Debt ¹	902.7	865.8	747.6	1,420	1,579	2,019	1,697	1,472
Reference price ²	37.57	45.33	56.50	38.75	48.83	52.60	52.60	52.60
Nbr of stocks (in thousands)	204,070	205,817	206,325	205,406	205,645	204,479	204,479	-
Announcement Date	2/14/20	2/22/21	2/24/22	2/21/23	2/22/24	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio (Y)	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
RECORDATI	25.13x	5.57x	15.14x	+2.54%	11.16B
ELI LILLY AND COMPANY	63.2x	16.3x	46.04x	+0.65%	720B
NOVO NORDISK A/S	28.25x	10.01x	20.16x	+1.73%	385B
JOHNSON & JOHNSON	20.53x	3.99x	11.63x	+3.33%	342B
ABBVIE INC.	38.24x	6.54x	14.3x	+3.55%	310B
MERCK & CO., INC.	14.02x	4.28x	10.21x	+3.07%	251B
ROCHE HOLDING AG	15.89x	3.78x	9.87x	+3.69%	234B
ASTRAZENECA PLC	24.21x	4.33x	13.45x	+2.32%	208B
NOVARTIS AG	18.01x	4.2x	10.7x	+3.83%	198B
PFIZER, INC.	15.69x	3.33x	8.28x	+6.24%	151B
Average	26.32x	6.23x	15.98x	+3.09%	281.12B
Weighted average by Cap.	33.35x	8.27x	21.54x	+2.57%