Financials AbbVie Inc.

Equities

ABBV

US00287Y1091

Pharmaceuticals

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
159.6 USD -4.58% Intraday chart for AbbVie Inc. -4.08% +3.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 130,935 189,171 239,371 285,707 273,605 282,631 - -
Enterprise Value (EV) 1 157,739 266,778 306,225 339,749 320,176 336,304 327,643 318,196
P/E ratio 16.8 x 39.4 x 21 x 24.4 x 57 x 30.2 x 23 x 19.7 x
Yield 4.96% 4.52% 3.92% 3.53% 3.87% 3.9% 4.08% 4.29%
Capitalization / Revenue 3.94 x 4.13 x 4.27 x 4.92 x 5.04 x 5.13 x 4.9 x 4.57 x
EV / Revenue 4.74 x 5.83 x 5.46 x 5.85 x 5.89 x 6.1 x 5.68 x 5.15 x
EV / EBITDA 8.89 x 11.8 x 10.6 x 11 x 12.5 x 12.9 x 11.6 x 10.3 x
EV / FCF 12.4 x 15.9 x 13.9 x 14 x 14.5 x 16.4 x 13.8 x 12.5 x
FCF Yield 8.1% 6.29% 7.18% 7.14% 6.89% 6.09% 7.24% 8.02%
Price to Book -16.1 x 13.7 x 15.5 x 16.6 x 26.5 x 26.4 x 24.6 x 20.2 x
Nbr of stocks (in thousands) 1,478,821 1,765,474 1,767,880 1,767,880 1,765,537 1,770,647 - -
Reference price 2 88.54 107.2 135.4 161.6 155.0 159.6 159.6 159.6
Announcement Date 2/7/20 2/3/21 2/2/22 2/9/23 2/2/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 33,266 45,784 56,122 58,054 54,318 55,122 57,718 61,784
EBITDA 1 17,747 22,642 29,018 30,961 25,545 26,144 28,262 30,753
EBIT 1 15,730 21,976 28,215 30,183 24,793 25,442 27,386 29,989
Operating Margin 47.29% 48% 50.27% 51.99% 45.64% 46.16% 47.45% 48.54%
Earnings before Tax (EBT) 1 8,426 3,398 12,989 13,477 6,250 11,991 14,518 16,669
Net income 1 7,882 4,616 11,542 11,836 4,863 7,820 11,732 13,882
Net margin 23.69% 10.08% 20.57% 20.39% 8.95% 14.19% 20.33% 22.47%
EPS 2 5.280 2.720 6.450 6.630 2.720 5.292 6.927 8.122
Free Cash Flow 1 12,772 16,790 21,990 24,248 22,062 20,490 23,708 25,513
FCF margin 38.39% 36.67% 39.18% 41.77% 40.62% 37.17% 41.08% 41.29%
FCF Conversion (EBITDA) 71.97% 74.15% 75.78% 78.32% 86.37% 78.37% 83.88% 82.96%
FCF Conversion (Net income) 162.04% 363.73% 190.52% 204.87% 453.67% 262.01% 202.07% 183.78%
Dividend per Share 2 4.390 4.840 5.310 5.710 5.990 6.232 6.518 6.841
Announcement Date 2/7/20 2/3/21 2/2/22 2/9/23 2/2/24 - - -
1USD in Million2USD
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 14,342 14,886 13,538 14,583 14,812 15,121 12,225 13,865 13,927 14,301 12,310 14,136 14,320 14,553 13,254
EBITDA 1 7,559 7,506 7,156 7,643 8,090 8,072 5,682 6,710 6,706 6,447 5,444 7,124 - - -
EBIT 1 7,336 7,333 6,958 7,440 7,909 7,876 5,503 6,520 6,510 6,260 2,798 6,799 6,745 6,920 6,659
Operating Margin 51.15% 49.26% 51.4% 51.02% 53.4% 52.09% 45.01% 47.02% 46.74% 43.77% 22.73% 48.1% 47.1% 47.55% 50.24%
Earnings before Tax (EBT) 1 - - - - - - 475 2,610 1,953 1,212 1,755 3,209 3,673 3,362 -
Net income 1 3,179 4,044 4,490 924 3,949 2,473 239 2,024 1,778 822 1,369 2,741 3,138 2,829 -
Net margin 22.17% 27.17% 33.17% 6.34% 26.66% 16.35% 1.96% 14.6% 12.77% 5.75% 11.12% 19.39% 21.91% 19.44% -
EPS 2 1.780 2.260 2.510 0.5100 2.210 1.380 0.1300 1.140 1.000 0.4600 0.7700 1.840 1.590 1.600 -
Dividend per Share 2 1.300 1.410 1.410 1.410 1.410 1.480 1.480 1.480 1.480 1.550 1.546 1.546 1.546 1.546 1.605
Announcement Date 10/29/21 2/2/22 4/29/22 7/29/22 10/28/22 2/9/23 4/27/23 7/27/23 10/27/23 2/2/24 4/26/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 26,804 77,607 66,854 54,042 46,571 53,673 45,012 35,566
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.51 x 3.428 x 2.304 x 1.745 x 1.823 x 2.053 x 1.593 x 1.156 x
Free Cash Flow 1 12,772 16,790 21,990 24,248 22,062 20,490 23,708 25,513
ROE (net income / shareholders' equity) -160% 188% 159% 151% 143% 154% 169% 184%
ROA (Net income/ Total Assets) 10.6% 3.85% 15.3% 17.2% 14.5% 10.2% 12% 14.2%
Assets 1 74,234 119,840 75,543 68,651 33,641 76,660 97,846 98,082
Book Value Per Share 2 -5.510 7.830 8.710 9.740 5.840 6.040 6.480 7.900
Cash Flow per Share 2 8.980 10.50 12.80 14.00 12.90 15.40 15.60 13.90
Capex 1 552 798 787 695 777 833 849 877
Capex / Sales 1.66% 1.74% 1.4% 1.2% 1.43% 1.51% 1.47% 1.42%
Announcement Date 2/7/20 2/3/21 2/2/22 2/9/23 2/2/24 - - -
1USD in Million2USD
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
159.6 USD
Average target price
183.7 USD
Spread / Average Target
+15.10%
Consensus
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  4. Financials AbbVie Inc.