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Merck KGaA
XETRA:MRK

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Merck KGaA
XETRA:MRK
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Price: 126.2 EUR 0.68% Market Closed
Market Cap: €54.9B
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Relative Value

The Relative Value of one MRK stock under the Base Case scenario is 148.43 EUR. Compared to the current market price of 126.2 EUR, Merck KGaA is Undervalued by 15%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MRK Relative Value
Base Case
148.43 EUR
Undervaluation 15%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

P/S
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P/E
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P/OCF
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P/FCFE
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P/B
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EV/S
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EV/GP
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EV/EBITDA
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EV/EBIT
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EV/OCF
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EV/FCFF
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EV/IC
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Multiples Across Competitors

MRK Competitors Multiples
Merck KGaA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
DE
Merck KGaA
XETRA:MRK
54.9B EUR 2.6 18.6 10.6 15.8
US
Eli Lilly and Co
NYSE:LLY
990.8B USD 15.2 48 32.3 34.4
US
Johnson & Johnson
NYSE:JNJ
590.6B USD 6.3 22 15.3 18.8
CH
Roche Holding AG
SIX:ROG
286.4B CHF 4.7 30.4 12.8 15
UK
AstraZeneca PLC
LSE:AZN
232.4B GBP 5.5 34.2 16.3 23.8
CH
Novartis AG
SIX:NOVN
236.9B CHF 5.4 21.8 13.4 17.2
US
Merck & Co Inc
NYSE:MRK
298.8B USD 4.6 16.3 10.2 11.9
IE
Endo International PLC
LSE:0Y5F
218B USD 94 -74.6 333.1 835.4
DK
Novo Nordisk A/S
CSE:NOVO B
1.4T DKK 4.4 13.3 9.8 11.5
US
Pfizer Inc
NYSE:PFE
157.2B USD 2.5 20.2 7.5 10
US
Bristol-Myers Squibb Co
NYSE:BMY
122.1B USD 2.5 17.3 6.8 8.7
P/E Multiple
Earnings Growth PEG
DE
Merck KGaA
XETRA:MRK
Average P/E: 24.2
18.6
13%
1.4
US
Eli Lilly and Co
NYSE:LLY
48
28%
1.7
US
Johnson & Johnson
NYSE:JNJ
22
7%
3.1
CH
Roche Holding AG
SIX:ROG
30.4
29%
1
UK
AstraZeneca PLC
LSE:AZN
34.2
38%
0.9
CH
Novartis AG
SIX:NOVN
21.8
15%
1.5
US
Merck & Co Inc
NYSE:MRK
16.3
14%
1.2
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -74.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
13.3
7%
1.9
US
Pfizer Inc
NYSE:PFE
20.2
26%
0.8
US
Bristol-Myers Squibb Co
NYSE:BMY
17.3
17%
1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Merck KGaA
XETRA:MRK
Average EV/EBITDA: 42.6
10.6
0%
N/A
US
Eli Lilly and Co
NYSE:LLY
32.3
18%
1.8
US
Johnson & Johnson
NYSE:JNJ
15.3
2%
7.7
CH
Roche Holding AG
SIX:ROG
12.8
5%
2.6
UK
AstraZeneca PLC
LSE:AZN
16.3
10%
1.6
CH
Novartis AG
SIX:NOVN
13.4
9%
1.5
US
Merck & Co Inc
NYSE:MRK
10.2
7%
1.5
IE
E
Endo International PLC
LSE:0Y5F
333.1
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
9.8
7%
1.4
US
Pfizer Inc
NYSE:PFE
7.5
-4%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
6.8
-13%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Merck KGaA
XETRA:MRK
Average EV/EBIT: 91.1
15.8
3%
5.3
US
Eli Lilly and Co
NYSE:LLY
34.4
17%
2
US
Johnson & Johnson
NYSE:JNJ
18.8
6%
3.1
CH
Roche Holding AG
SIX:ROG
15
6%
2.5
UK
AstraZeneca PLC
LSE:AZN
23.8
23%
1
CH
Novartis AG
SIX:NOVN
17.2
12%
1.4
US
Merck & Co Inc
NYSE:MRK
11.9
6%
2
IE
E
Endo International PLC
LSE:0Y5F
835.4
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.5
8%
1.4
US
Pfizer Inc
NYSE:PFE
10
-1%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
8.7
-6%
N/A

See Also

Summary
MRK intrinsic value, competitors valuation, and company profile.
DCF Valuation
MRK stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MRK stock valuation using valuation multiples.
Wall Street Estimates
MRK price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MRK stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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