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Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $9 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz’s total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among leaders in the space. Sandoz launched Europe’s first biosimilar, Omnitrope, in 2006 as well as the first US biosimilar, Zarxio, in 2015. It currently has eight commercialized biosimilars in a number of markets and has over 20 assets in its pipeline.
1996
23.4K+
LTM Revenue $9.1B
LTM EBITDA $1.8B
$19.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Sandoz has a last 12-month revenue of $9.1B and a last 12-month EBITDA of $1.8B.
In the most recent fiscal year, Sandoz achieved revenue of $11.7B and an EBITDA of $839M.
Sandoz expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Sandoz valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $11.3B | $11.7B | XXX | XXX | XXX |
| Gross Profit | n/a | $5.2B | XXX | XXX | XXX |
| Gross Margin | NaN% | 44% | XXX | XXX | XXX |
| EBITDA | $969M | $839M | XXX | XXX | XXX |
| EBITDA Margin | 9% | 7% | XXX | XXX | XXX |
| Net Profit | -$28K | $87.1M | XXX | XXX | XXX |
| Net Margin | 0% | 1% | XXX | XXX | XXX |
| Net Debt | n/a | $3.5B | XXX | XXX | XXX |
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As of April 15, 2025, Sandoz's stock price is CHF 33 (or $37).
Sandoz has current market cap of CHF 14.1B (or $15.9B), and EV of CHF 17.1B (or $19.3B).
See Sandoz trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19.3B | $15.9B | XXX | XXX | XXX | XXX | $2.79 |
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Sign UpAs of April 15, 2025, Sandoz has market cap of $15.9B and EV of $19.3B.
Sandoz's trades at 1.9x LTM EV/Revenue multiple, and 9.3x LTM EBITDA.
Analysts estimate Sandoz's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Sandoz and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $19.3B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 23.0x | XXX | XXX | XXX |
| P/E | n/a | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 284.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSandoz's NTM/LTM revenue growth is -1%
Sandoz's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Sandoz's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Sandoz's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Sandoz and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -13% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 6% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 44% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Julphar | XXX | XXX | XXX | XXX | XXX | XXX |
| Galapagos | XXX | XXX | XXX | XXX | XXX | XXX |
| Pharming | XXX | XXX | XXX | XXX | XXX | XXX |
| Vivoryon Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Armata Pharmaceuticals | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Sandoz acquired XXX companies to date.
Last acquisition by Sandoz was XXXXXXXX, XXXXX XXXXX XXXXXX . Sandoz acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Sandoz founded? | Sandoz was founded in 1996. |
| Where is Sandoz headquartered? | Sandoz is headquartered in Switzerland. |
| How many employees does Sandoz have? | As of today, Sandoz has 23.4K+ employees. |
| Is Sandoz publicy listed? | Yes, Sandoz is a public company listed on SWX. |
| What is the stock symbol of Sandoz? | Sandoz trades under SDZ ticker. |
| When did Sandoz go public? | Sandoz went public in 2023. |
| Who are competitors of Sandoz? | Similar companies to Sandoz include e.g. Julphar, Galapagos, Pharming, Vivoryon Therapeutics. |
| What is the current market cap of Sandoz? | Sandoz's current market cap is $15.9B |
| What is the current revenue of Sandoz? | Sandoz's last 12-month revenue is $9.1B. |
| What is the current EBITDA of Sandoz? | Sandoz's last 12-month EBITDA is $1.8B. |
| What is the current EV/Revenue multiple of Sandoz? | Current revenue multiple of Sandoz is 1.9x. |
| What is the current EV/EBITDA multiple of Sandoz? | Current EBITDA multiple of Sandoz is 9.3x. |
| What is the current revenue growth of Sandoz? | Sandoz revenue growth between 2023 and 2024 was 4%. |
| Is Sandoz profitable? | Yes, Sandoz is EBITDA-positive (as of the last 12 months). |
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