Financials Sanofi

Equities

SAN

FR0000120578

Pharmaceuticals

Market Closed - Euronext Paris 11:35:28 2024-06-07 am EDT 5-day change 1st Jan Change
91.13 EUR +0.13% Intraday chart for Sanofi +1.53% +1.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 112,310 98,877 111,194 112,665 112,549 113,923 - -
Enterprise Value (EV) 1 128,816 107,666 121,177 119,102 120,342 120,839 116,216 111,580
P/E ratio 40 x 8.01 x 17.8 x 16.7 x 20.8 x 16.4 x 13.2 x 11.7 x
Yield 3.51% 4.07% 3.76% 3.96% 4.19% 4.25% 4.47% 4.89%
Capitalization / Revenue 3.11 x 2.74 x 2.94 x 2.62 x 2.61 x 2.46 x 2.28 x 2.16 x
EV / Revenue 3.57 x 2.99 x 3.21 x 2.77 x 2.79 x 2.61 x 2.33 x 2.12 x
EV / EBITDA 10.8 x 9.41 x 9.95 x 8.14 x 8.44 x 8.92 x 7.51 x 6.75 x
EV / FCF 21.7 x 15.4 x 15 x 14 x 14.2 x 16.5 x 12.8 x 11.1 x
FCF Yield 4.6% 6.48% 6.68% 7.12% 7.04% 6.06% 7.82% 9.04%
Price to Book 1.9 x 1.57 x 1.62 x 1.5 x 1.52 x 1.48 x 1.39 x 1.31 x
Nbr of stocks (in thousands) 1,253,178 1,256,375 1,255,293 1,254,060 1,253,891 1,250,117 - -
Reference price 2 89.62 78.70 88.58 89.84 89.76 91.13 91.13 91.13
Announcement Date 2/6/20 2/5/21 2/4/22 2/3/23 2/1/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,126 36,041 37,761 42,997 43,070 46,383 49,894 52,673
EBITDA 1 11,904 11,443 12,183 14,627 14,259 13,542 15,482 16,534
EBIT 1 9,758 9,762 10,714 13,040 12,670 12,198 13,910 15,040
Operating Margin 27.01% 27.09% 28.37% 30.33% 29.42% 26.3% 27.88% 28.55%
Earnings before Tax (EBT) 1 2,822 13,804 7,798 8,268 7,038 8,950 11,585 13,080
Net income 1 2,806 12,314 6,223 6,720 5,400 7,080 8,693 9,651
Net margin 7.77% 34.17% 16.48% 15.63% 12.54% 15.26% 17.42% 18.32%
EPS 2 2.240 9.820 4.970 5.370 4.310 5.561 6.916 7.777
Free Cash Flow 1 5,928 6,982 8,096 8,483 8,478 7,320 9,089 10,085
FCF margin 16.41% 19.37% 21.44% 19.73% 19.68% 15.78% 18.22% 19.15%
FCF Conversion (EBITDA) 49.8% 61.02% 66.45% 58% 59.46% 54.06% 58.71% 61%
FCF Conversion (Net income) 211.26% 56.7% 130.1% 126.24% 157% 103.4% 104.56% 104.5%
Dividend per Share 2 3.150 3.200 3.330 3.560 3.760 3.869 4.070 4.457
Announcement Date 2/6/20 2/5/21 2/4/22 2/3/23 2/1/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 10,432 9,994 9,674 10,116 12,482 10,725 10,222 9,965 11,964 10,919 10,464 10,433 12,960 11,879 10,805
EBITDA 1 3,952 2,623 3,426 3,163 4,931 3,107 3,703 3,087 4,460 3,009 3,192 2,706 4,328 2,628 -
EBIT 1 3,558 2,256 3,065 2,753 4,498 2,724 3,333 2,726 4,028 2,583 2,843 2,558 4,212 2,825 3,045
Operating Margin 34.11% 22.57% 31.68% 27.21% 36.04% 25.4% 32.61% 27.36% 33.67% 23.66% 27.17% 24.52% 32.5% 23.78% 28.18%
Earnings before Tax (EBT) 1 2,957 1,391 2,349 1,383 2,666 1,921 2,468 1,718 2,971 -249 1,310 1,892 3,789 2,281 -
Net income 1 2,317 1,131 2,009 1,175 2,076 1,460 1,995 1,435 2,525 -555 1,133 1,479 2,824 1,651 -
Net margin 22.21% 11.32% 20.77% 11.62% 16.63% 13.61% 19.52% 14.4% 21.1% -5.08% 10.83% 14.17% 21.79% 13.9% -
EPS 2 1.850 0.9000 1.610 0.9400 1.660 1.160 1.600 1.150 2.010 -0.4400 0.9100 1.178 2.239 1.310 -
Dividend per Share 2 - 3.330 - - - 3.560 - - - 3.760 0.9292 0.9289 0.9289 0.9289 0.9885
Announcement Date 10/28/21 2/4/22 4/28/22 7/28/22 10/28/22 2/3/23 4/27/23 7/28/23 10/27/23 2/1/24 4/25/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 16,506 8,789 9,983 6,437 7,793 6,916 2,293 -
Net Cash position 1 - - - - - - - 2,343
Leverage (Debt/EBITDA) 1.387 x 0.7681 x 0.8194 x 0.4401 x 0.5465 x 0.5107 x 0.1481 x -
Free Cash Flow 1 5,928 6,982 8,096 8,483 8,478 7,320 9,089 10,085
ROE (net income / shareholders' equity) 12.7% 12.1% 12.5% 14.4% 13.6% 12.2% 13.5% 14%
ROA (Net income/ Total Assets) 2.5% 6.47% 5.3% 8.37% 4.27% 6.36% 7.22% 7.45%
Assets 1 112,072 190,442 117,327 80,248 126,517 111,259 120,378 129,463
Book Value Per Share 2 47.20 50.30 54.80 59.70 59.20 61.70 65.40 69.40
Cash Flow per Share 2 6.160 5.940 8.360 8.410 8.200 8.050 9.440 10.90
Capex 1 1,816 1,329 2,043 2,201 3,024 1,987 2,400 2,501
Capex / Sales 5.03% 3.69% 5.41% 5.12% 7.02% 4.28% 4.81% 4.75%
Announcement Date 2/6/20 2/5/21 2/4/22 2/3/23 2/1/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
91.13 EUR
Average target price
108.2 EUR
Spread / Average Target
+18.72%
Consensus