Bayer Detailed Consensus
Consensus as of: 2023-09-14

KPI[EUR m]FY 2022FY 2023 EFY 2024 EFY 2025 EFY 2026 EFY 2027 E
SalesNumber of Estimates1818171313
SalesHighest49,18151,46052,74753,80254,878
SalesAverage50,73947,96449,10750,25550,79351,566
SalesMedian47,79049,09250,43151,08852,373
SalesLowest47,05646,98547,92547,62548,128
FX impact on sales (in%)Number of Estimates98---
FX impact on sales (in%)Highest-2.20.2---
FX impact on sales (in%)Average6.8-3.6-0.7---
FX impact on sales (in%)Median-3.8-0.5---
FX impact on sales (in%)Lowest-5.1-2.3---
EBITDA before special itemsNumber of Estimates1818161212
EBITDA before special itemsHighest11,73113,50014,14614,73314,708
EBITDA before special itemsAverage13,51311,27512,19512,80512,99613,272
EBITDA before special itemsMedian11,24412,03312,75912,98413,326
EBITDA before special itemsLowest10,79211,13611,23011,18911,267
Special itemsNumber of Estimates1212121111
Special itemsHighest-5970000
Special itemsAverage2-892-563-226-232-229
Special itemsMedian-963-523-193-200-190
Special itemsLowest-1,142-2,083-540-540-540
Net income (continuing operations)Number of Estimates1717161212
Net income (continuing operations)Highest3,6097,4638,5237,0699,834
Net income (continuing operations)Average4,1501,4614,5875,3275,3745,934
Net income (continuing operations)Median1,4004,2525,1305,4175,815
Net income (continuing operations)Lowest-723,0933,6293,7683,851
Average number of shares (m)Number of Estimates1818161212
Average number of shares (m)Highest982.43982.43982.43982.42982.42
Average number of shares (m)Average982.42982.43982.43982.43982.42982.42
Average number of shares (m)Median982.43982.43982.43982.42982.42
Average number of shares (m)Lowest982.42982.42982.42982.42982.42
Core EPS continuing operations (in EUR)Number of Estimates1818161212
Core EPS continuing operations (in EUR)Highest6.497.608.688.778.77
Core EPS continuing operations (in EUR)Average7.946.266.817.407.487.76
Core EPS continuing operations (in EUR)Median6.266.727.507.447.76
Core EPS continuing operations (in EUR)Lowest6.076.056.126.126.20
DPS (in EUR)Number of Estimates1717161212
DPS (in EUR)Highest2.602.682.802.923.06
DPS (in EUR)Average2.402.292.402.552.602.68
DPS (in EUR)Median2.402.402.582.562.62
DPS (in EUR)Lowest1.992.002.102.262.29
Net financial debtNumber of Estimates1515151111
Net financial debtHighest39,94037,76535,75833,59431,607
Net financial debtAverage31,80935,81533,55030,43526,96323,251
Net financial debtMedian35,76633,64130,72226,67223,344
Net financial debtLowest33,67128,80023,76822,13017,113
Exchange rate USD/EUR (average)Number of Estimates88888
Exchange rate USD/EUR (average)Highest1.101.141.141.141.14
Exchange rate USD/EUR (average)Average1.051.091.091.091.091.09
Exchange rate USD/EUR (average)Median1.091.091.091.091.09
Exchange rate USD/EUR (average)Lowest1.081.081.081.081.08
Pharmaceuticals, SalesNumber of Estimates1716151212
Pharmaceuticals, SalesHighest19,21419,53420,10219,76619,741
Pharmaceuticals, SalesAverage19,25218,54218,81419,07218,80218,565
Pharmaceuticals, SalesMedian18,39518,82519,24618,95918,748
Pharmaceuticals, SalesLowest18,09517,99218,24417,26816,205
XareltoNumber of Estimates12121199
XareltoHighest4,2324,1104,1103,4112,388
XareltoAverage4,5164,0933,9353,7542,8101,888
XareltoMedian4,1083,9173,7082,8432,033
XareltoLowest3,9623,7823,5292,0831,152
EyleaNumber of Estimates12121199
EyleaHighest3,3533,3273,4933,3192,987
EyleaAverage3,2133,2333,1362,8372,4352,076
EyleaMedian3,2353,1322,8102,3671,894
EyleaLowest3,1332,9762,4661,9731,578
Mirena product familyNumber of Estimates12121199
Mirena product familyHighest1,3251,3791,4481,5021,548
Mirena product familyAverage1,2771,2491,2741,2961,3261,350
Mirena product familyMedian1,2451,2621,2771,2831,299
Mirena product familyLowest1,2001,2231,2301,2381,245
Kogenate (incl. Kovaltry, Jivi)Number of Estimates12121199
Kogenate (incl. Kovaltry, Jivi)Highest826820744744744
Kogenate (incl. Kovaltry, Jivi)Average847774728670631597
Kogenate (incl. Kovaltry, Jivi)Median771723681647615
Kogenate (incl. Kovaltry, Jivi)Lowest748666566481409
AdalatNumber of Estimates12121199
AdalatHighest600582582582582
AdalatAverage831548509498498502
AdalatMedian553516499493501
AdalatLowest417431434409386
Aspirin CardioNumber of Estimates11111088
Aspirin CardioHighest752794802834867
Aspirin CardioAverage788695722732762768
Aspirin CardioMedian710726746757749
Aspirin CardioLowest573578584703710
AdempasNumber of Estimates12121199
AdempasHighest704732761791715
AdempasAverage652660676697572431
AdempasMedian660691705598478
AdempasLowest6246116043590
NubeqaNumber of Estimates12121199
NubeqaHighest1,0731,3872,0802,3142,748
NubeqaAverage4668681,2211,6362,0122,368
NubeqaMedian8491,2471,6692,0712,407
NubeqaLowest7489811,2761,5191,685
Kerendia (Finerenone)Number of Estimates1010988
Kerendia (Finerenone)Highest3996931,1842,0722,382
Kerendia (Finerenone)Average-3085187471,1301,358
Kerendia (Finerenone)Median3045117661,0501,275
Kerendia (Finerenone)Lowest254381373624686
Pharmaceuticals, EBITDA before special itemsNumber of Estimates1716151212
Pharmaceuticals, EBITDA before special itemsHighest5,3825,8566,1276,2076,297
Pharmaceuticals, EBITDA before special itemsAverage5,8735,2725,5475,7395,5565,471
Pharmaceuticals, EBITDA before special itemsMedian5,2785,6045,7425,6185,599
Pharmaceuticals, EBITDA before special itemsLowest5,0655,0965,2124,7124,247
Consumer Health, SalesNumber of Estimates1716151212
Consumer Health, SalesHighest6,3336,5616,7997,0427,393
Consumer Health, SalesAverage6,0806,1506,3386,5546,7576,982
Consumer Health, SalesMedian6,1556,3496,5366,7446,897
Consumer Health, SalesLowest6,0326,1516,3506,5576,773
Consumer Health, EBITDA before special itemsNumber of Estimates1716151212
Consumer Health, EBITDA before special itemsHighest1,4881,6081,6661,7351,848
Consumer Health, EBITDA before special itemsAverage1,3671,4301,5111,5811,6561,729
Consumer Health, EBITDA before special itemsMedian1,4261,5051,5811,6551,722
Consumer Health, EBITDA before special itemsLowest1,3801,4601,5181,5711,615
CropScience, SalesNumber of Estimates1716151212
CropScience, SalesHighest23,79725,80825,14225,87327,069
CropScience, SalesAverage25,16923,04023,79124,27224,73225,491
CropScience, SalesMedian23,06223,73024,46024,92825,601
CropScience, SalesLowest22,10522,53422,78222,12122,453
CropScience, EBITDA before special itemsNumber of Estimates1716151212
CropScience, EBITDA before special itemsHighest5,4696,8397,1397,5037,780
CropScience, EBITDA before special itemsAverage6,8674,9915,8256,1896,3426,634
CropScience, EBITDA before special itemsMedian4,9675,7086,1496,3966,722
CropScience, EBITDA before special itemsLowest4,8415,2575,2835,2255,557
Reconciliation, SalesNumber of Estimates1615151212
Reconciliation, SalesHighest349330330330330
Reconciliation, SalesAverage238262246243251252
Reconciliation, SalesMedian242238238238238
Reconciliation, SalesLowest236188196219212
Reconciliation, EBITDA before special itemsNumber of Estimates1615151212
Reconciliation, EBITDA before special itemsHighest-17-303-309-315-321
Reconciliation, EBITDA before special itemsAverage-594-440-592-599-559-562
Reconciliation, EBITDA before special itemsMedian-463-604-621-618-634
Reconciliation, EBITDA before special itemsLowest-549-800-1,000-728-728
Disclaimer

This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.