Financials Roche Holding AG

Equities

Market Closed - Swiss Exchange Other stock markets 11:31:38 2024-12-04 am EST			5-day change	1st Jan Change
253.70 ^CHF	-0.31%		+0.48%	+3.76%

Dec. 03	ROCHE HOLDINGS AG : JP Morgan reaffirms its Sell rating	ZD
Nov. 29	Intron Health Lifts Price Target on Roche Holding AG	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	61,466	58,323	62,801	63,281	58,716	60,761	64,131	66,542
Change	-	-5.11%	7.68%	0.76%	-7.21%	3.48%	5.55%	3.76%
EBITDA ¹	25,419	24,281	24,692	25,015	21,976	23,270	25,152	26,254
Change	-	-4.48%	1.69%	1.31%	-12.15%	5.89%	8.09%	4.38%
EBIT ¹	22,479	21,536	21,897	22,173	19,240	20,838	22,520	23,892
Change	-	-4.2%	1.68%	1.26%	-13.23%	8.3%	8.07%	6.1%
Interest Paid ¹	-934	-578	-757	-1,214	-1,300	-1,380	-1,419	-1,227
Earnings before Tax (EBT) ¹	16,614	17,965	17,398	16,327	14,079	16,819	19,283	20,196
Change	-	8.13%	-3.16%	-6.16%	-13.77%	19.46%	14.65%	4.74%
Net income ¹	13,497	14,295	13,930	12,421	11,498	12,778	14,805	15,726
Change	-	5.91%	-2.55%	-10.83%	-7.43%	11.13%	15.86%	6.22%
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: Dicembre	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	15,597	15,400	15,143	14,138	14,698	14,344	14,930	15,783	15,971	16,117	16,445	15,850	14,742	16,244	15,322	14,457	14,274	14,663	14,399	15,449	15,136	15,410	15,060	15,645	15,855	16,475
Change	-	-1.26%	-1.67%	-6.64%	3.96%	-2.41%	4.09%	5.71%	1.19%	0.91%	2.04%	-3.62%	-6.99%	10.19%	-5.68%	-5.65%	-1.27%	2.73%	-1.8%	7.29%	-2.03%	1.81%	-2.27%	3.88%	1.34%	3.91%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/16/19	1/30/20	4/22/20	7/23/20	10/15/20	2/4/21	4/21/21	7/22/21	10/20/21	2/3/22	4/25/22	7/21/22	10/18/22	2/2/23	4/27/23	7/27/23	11/1/23	2/1/24	4/25/24	7/25/24	-	-	-	-	-	-

¹CHF in Million

Estimates

Fiscal Period: Dicembre	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	29,281	29,042	30,713	32,088	32,295	30,986	29,779	28,937	29,848	30,857	30,705	32,330
Change	-	-0.82%	5.75%	4.48%	0.65%	-4.05%	-3.9%	-2.83%	3.15%	3.38%	-0.49%	5.29%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	11,766	9,770	11,652	10,245	12,668	9,505	10,911	8,329	11,293	9,772	-	-
Change	-	-16.96%	19.26%	-12.08%	23.65%	-24.97%	14.79%	-23.66%	35.59%	-13.47%	-100%	-
Charge d'intérêts	-457	-121	-190	-567	-304	-656	-490	-710	-708	-	-	-
Earnings before Tax (EBT)	10,181	7,784	9,887	7,511	10,985	5,342	9,174	4,905	8,223	-	-	-
Change	-	-23.54%	27.02%	-24.03%	46.25%	-51.37%	71.73%	-46.53%	67.65%	-100%	-	-
Net income	8,079	6,216	7,803	6,127	8,530	3,891	7,137	4,361	6,258	-	-	-
Change	-	-23.06%	25.53%	-21.48%	39.22%	-54.38%	83.42%	-38.9%	43.5%	-100%	-	-
Announcement Date	7/23/20	2/4/21	7/22/21	2/3/22	7/21/22	2/2/23	7/27/23	2/1/24	7/25/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,505	1,882	18,167	15,584	18,699	15,669	9,516	2,618
Change	-	-24.87%	865.3%	-14.22%	19.99%	-16.2%	-39.27%	-72.49%
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	3,503	3,528	3,693	3,449	3,742	3,727	3,971	4,129
Change	-	0.71%	4.68%	-6.61%	8.5%	-0.4%	6.54%	3.98%
Free Cash Flow (FCF) ¹	16,764	10,943	15,691	13,041	11,288	14,255	15,229	16,157
Change	-	-34.72%	43.39%	-16.89%	-13.44%	26.28%	6.83%	6.09%
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	41.35%	41.63%	39.32%	39.53%	37.43%	38.3%	39.22%	39.46%
EBIT Margin (%)	36.57%	36.93%	34.87%	35.04%	32.77%	34.29%	35.12%	35.91%
EBT Margin (%)	27.03%	30.8%	27.7%	25.8%	23.98%	27.68%	30.07%	30.35%
Net margin (%)	21.96%	24.51%	22.18%	19.63%	19.58%	21.03%	23.09%	23.63%
FCF margin (%)	27.27%	18.76%	24.99%	20.61%	19.22%	23.46%	23.75%	24.28%
FCF / Net Income (%)	124.21%	76.55%	112.64%	104.99%	98.17%	111.56%	102.87%	102.74%
Profitability
ROA	21.55%	19.59%	19.09%	18.18%	16.71%	14.4%	15.38%	15.22%
ROE	57.7%	47.99%	56.02%	62.5%	45.73%	44.28%	41.29%	36.97%
Financial Health
Leverage (Debt/EBITDA)	0.1x	0.08x	0.74x	0.62x	0.85x	0.67x	0.38x	0.1x
Debt / Free cash flow	0.15x	0.17x	1.16x	1.2x	1.66x	1.1x	0.62x	0.16x
Capital Intensity
CAPEX / Current Assets (%)	5.7%	6.05%	5.88%	5.45%	6.37%	6.13%	6.19%	6.2%
CAPEX / EBITDA (%)	13.78%	14.53%	14.96%	13.79%	17.03%	16.02%	15.79%	15.73%
CAPEX / FCF (%)	20.9%	32.24%	23.54%	26.45%	33.15%	26.15%	26.07%	25.56%
Items per share
Cash flow per share ¹	25.91	21.46	24.39	22.79	20.02	20.45	22.35	24.1
Change	-	-17.16%	13.64%	-6.56%	-12.16%	2.15%	9.3%	7.85%
Dividend per Share ¹	9	9.1	9.3	9.5	9.6	9.846	10.12	10.38
Change	-	1.11%	2.2%	2.15%	1.05%	2.56%	2.74%	2.57%
Book Value Per Share ¹	37.9	42.5	28.81	35.03	41.37	45.2	52.8	62.84
Change	-	12.14%	-32.22%	21.58%	18.12%	9.24%	16.83%	19.01%
EPS ¹	15.62	16.52	16.2	15.37	14.31	16.58	19.15	20.42
Change	-	5.76%	-1.94%	-5.12%	-6.9%	15.83%	15.52%	6.62%
Nbr of stocks (in thousands)	856,061	854,642	800,952	854,579	798,652	796,789	796,789	796,789
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-