GRIFOLS, S.A. |
Market Closed -
Other stock markets
|
After market 11:51:35 am | |||
| 8.89 EUR | +1.69% |
|
8.859 | -0.35% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,760 | 14,161 | 9,783 | 6,557 | 9,231 | 5,219 | - | - |
| Enterprise Value (EV) 1 | 25,225 | 20,597 | 16,478 | 15,716 | 18,568 | 14,317 | 13,801 | 13,401 |
| P/E ratio | 34.5 x | 26.5 x | 62.5 x | 34.7 x | 172 x | 11.5 x | 7.95 x | 6.76 x |
| Yield | 1.15% | 0.71% | 2.13% | - | - | 0% | 2.4% | 5.88% |
| Capitalization / Revenue | 3.68 x | 2.65 x | 1.98 x | 1.08 x | 1.4 x | 0.74 x | 0.68 x | 0.65 x |
| EV / Revenue | 4.95 x | 3.86 x | 3.34 x | 2.59 x | 2.82 x | 2.02 x | 1.81 x | 1.67 x |
| EV / EBITDA | 17.9 x | 13.9 x | 17.1 x | 12.9 x | 12.8 x | 7.91 x | 6.5 x | 5.93 x |
| EV / FCF | 161 x | 25.7 x | 52.1 x | -56.7 x | -213 x | 27 x | 20.1 x | 15.3 x |
| FCF Yield | 0.62% | 3.9% | 1.92% | -1.76% | -0.47% | 3.7% | 4.98% | 6.52% |
| Price to Book | 4.46 x | 1.99 x | 1.89 x | 1.19 x | 1.79 x | 0.85 x | 0.78 x | 0.67 x |
| Nbr of stocks (in thousands) | 684,135 | 684,540 | 682,484 | 678,911 | 678,665 | 679,092 | - | - |
| Reference price 2 | 31.43 | 23.88 | 16.88 | 10.77 | 15.46 | 8.742 | 8.742 | 8.742 |
| Announcement Date | 2/27/20 | 2/26/21 | 2/28/22 | 2/28/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,099 | 5,340 | 4,933 | 6,064 | 6,592 | 7,097 | 7,641 | 8,033 |
| EBITDA 1 | 1,407 | 1,479 | 961.5 | 1,221 | 1,455 | 1,810 | 2,122 | 2,258 |
| EBIT 1 | 1,131 | 996.1 | 595.1 | 805.7 | 1,023 | 1,290 | 1,585 | 1,648 |
| Operating Margin | 22.19% | 18.65% | 12.06% | 13.29% | 15.52% | 18.17% | 20.74% | 20.51% |
| Earnings before Tax (EBT) 1 | 817.1 | 878.6 | 350.5 | 361.3 | 224 | 738.2 | 1,102 | 1,133 |
| Net income 1 | 625.1 | 618.5 | 182.8 | 208.3 | 59.32 | 468.3 | 721.8 | 821.6 |
| Net margin | 12.26% | 11.58% | 3.71% | 3.43% | 0.9% | 6.6% | 9.45% | 10.23% |
| EPS 2 | 0.9100 | 0.9000 | 0.2700 | 0.3100 | 0.0900 | 0.7570 | 1.099 | 1.294 |
| Free Cash Flow 1 | 156.6 | 802.2 | 316.1 | -277.4 | -87.14 | 530.2 | 687.5 | 873.4 |
| FCF margin | 3.07% | 15.02% | 6.41% | -4.57% | -1.32% | 7.47% | 9% | 10.87% |
| FCF Conversion (EBITDA) | 11.13% | 54.24% | 32.87% | - | - | 29.29% | 32.4% | 38.68% |
| FCF Conversion (Net income) | 25.05% | 129.7% | 172.91% | - | - | 113.23% | 95.25% | 106.3% |
| Dividend per Share 2 | 0.3600 | 0.1700 | 0.3600 | - | - | 0.000100 | 0.2102 | 0.5140 |
| Announcement Date | 2/27/20 | 2/26/21 | 2/28/22 | 2/28/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,677 | 2,537 | 1,198 | 1,198 | 2,396 | 1,405 | 1,543 | 2,810 | 1,541 | 1,713 | 3,254 | 1,561 | 1,663 | 3,225 | 1,597 | 1,770 | 1,640 | 1,765 | 1,747 | 1,840 |
| EBITDA 1 | 731.4 | 634.5 | - | - | 327 | 248.2 | - | 618.3 | 308 | 294 | 602.7 | 298.8 | 360.7 | 659.5 | 373.6 | 426.3 | 366.4 | 459.4 | 456.1 | - |
| EBIT 1 | 421.7 | 463.6 | - | - | 131.5 | - | - | 427.3 | 173.4 | 176.9 | 378.3 | 175.7 | 253.6 | - | 264.4 | 329.3 | 229.5 | 339.2 | 336 | - |
| Operating Margin | 15.75% | 18.27% | - | - | 5.49% | - | - | 15.21% | 11.25% | 10.33% | 11.63% | 11.25% | 15.25% | - | 16.55% | 18.61% | 13.99% | 19.22% | 19.23% | - |
| Earnings before Tax (EBT) 1 | - | 378.2 | - | - | -27.78 | - | - | 227.9 | 66.69 | 46.88 | 133.4 | -84.17 | 103.2 | 19.05 | 99.59 | 105.4 | 55.02 | 69.75 | 81.75 | 107.2 |
| Net income 1 | 218.2 | 266.8 | - | - | -84.01 | - | - | 143.6 | 45 | 20.07 | 64.63 | -108.3 | 52.04 | -56.22 | 59.54 | 55.99 | 32.79 | 71.22 | 77.38 | 68.76 |
| Net margin | 8.15% | 10.52% | - | - | -3.51% | - | - | 5.11% | 2.92% | 1.17% | 1.99% | -6.93% | 3.13% | -1.74% | 3.73% | 3.16% | 2% | 4.04% | 4.43% | 3.74% |
| EPS 2 | - | 0.3900 | -0.0600 | - | -0.1200 | - | - | 0.2100 | - | - | 0.1000 | - | 0.0800 | - | - | - | 0.0665 | 0.1762 | 0.1725 | 0.0515 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/30/20 | 7/29/21 | 2/28/22 | 2/28/22 | 2/28/22 | 7/28/22 | 7/28/22 | 7/28/22 | 11/8/22 | 2/28/23 | 2/28/23 | 5/9/23 | 7/27/23 | 7/27/23 | 11/2/23 | 2/28/24 | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,465 | 6,436 | 6,695 | 9,158 | 9,337 | 9,098 | 8,581 | 8,181 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.595 x | 4.352 x | 6.963 x | 7.501 x | 6.419 x | 5.027 x | 4.044 x | 3.623 x |
| Free Cash Flow 1 | 157 | 802 | 316 | -277 | -87.1 | 530 | 687 | 873 |
| ROE (net income / shareholders' equity) | 15.9% | 12.5% | 3.26% | 3.57% | 3.72% | 9.02% | 11.2% | 11.5% |
| ROA (Net income/ Total Assets) | 5.13% | 4.01% | 1.06% | 1.02% | 1.04% | 2.14% | 3.07% | 3.06% |
| Assets 1 | 12,193 | 15,409 | 17,254 | 20,384 | 5,701 | 21,931 | 23,490 | 26,817 |
| Book Value Per Share 2 | 7.050 | 12.00 | 8.950 | 9.040 | 8.640 | 10.30 | 11.20 | 13.00 |
| Cash Flow per Share 2 | 0.8300 | 1.620 | 0.8800 | -0.0200 | 0.3100 | 1.050 | 1.480 | 1.570 |
| Capex 1 | 412 | 308 | 281 | 266 | 295 | 435 | 368 | 379 |
| Capex / Sales | 8.09% | 5.77% | 5.69% | 4.39% | 4.48% | 6.12% | 4.82% | 4.72% |
| Announcement Date | 2/27/20 | 2/26/21 | 2/28/22 | 2/28/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
8.742
EUR
Average target price
17.4
EUR
Spread / Average Target
+99.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -42.23% | 5.58B | |
| -3.79% | 87.06B | |
| +2.76% | 40.25B | |
| -17.49% | 31.09B | |
| +54.63% | 24.74B | |
| -13.13% | 15.91B | |
| -9.12% | 11.96B | |
| -15.45% | 11.92B | |
| -42.56% | 11.61B | |
| +5.69% | 8.73B |
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