FTSE Factsheet
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FTSE COMPANY REPORT Share price analysis relative to sector and index performance GlaxoSmithKline GSK Pharmaceuticals and Biotechnology — GBP 13.83 at close 28 September 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 28-Sep-2021 28-Sep-2021 28-Sep-2021 16 106 105 1D WTD MTD YTD 15.5 Absolute -0.3 -0.4 -5.4 3.1 104 100 Rel.Sector 0.6 2.7 -3.0 -7.6 15 Rel.Market 0.5 0.3 -3.7 -6.2 102 95 14.5 VALUATION 14 100 90 Trailing 13.5 98 85 Relative Price Relative Price Relative 13 PE 12.8 Absolute Price (local (local currency) AbsolutePrice 96 80 EV/EBITDA 8.7 12.5 94 75 PB 5.0 12 PCF 9.6 11.5 92 70 Div Yield 5.5 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Price/Sales 2.2 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 1.9 100 100 90 Div Payout 69.3 90 90 80 ROE 44.2 80 80 70 Share Index) Share Share Sector) Share - 70 - 70 60 DESCRIPTION 60 60 50 50 50 The Company is a major global healthcare group 40 RSI RSI (Absolute) 40 40 which is engaged in the creation and discovery, 30 development, manufacture and marketing of 30 30 pharmaceutical products including vaccines, 20 20 20 over"‘the-counter (OTC) medicines and health-related RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative consumer products. 10 10 10 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: GlaxoSmithKline 28 September 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Aug-2021 31-Aug-2021 31-Aug-2021 100 12 25 ‖ ‖ 90 11 80 20 +1SD 70 +1SD 10 60 +1SD 15 Avg 50 9 Avg 40 -1SD 10 8 30 Avg 20 5 7 -1SD 10 -1SD 0 6 0 ‖ ‖ Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 PureTech Health 120.0 Oxford Biomedica 100.0 Indivior 23.8 Dechra Pharmaceuticals 120.0 Genus 42.5 AstraZeneca 11.5 Genus 95.7 Dechra Pharmaceuticals 40.7 Oxford Biomedica 10.8 AstraZeneca 53.3 AstraZeneca 26.6 Dechra Pharmaceuticals 8.9 Pharmaceuticals and Biotechnology 26.2 Pharmaceuticals and Biotechnology 15.0 Pharmaceuticals and Biotechnology 7.7 Hikma Pharmaceuticals 17.6 Hikma Pharmaceuticals 12.3 Genus 7.6 GlaxoSmithKline 12.8 Indivior 11.4 GlaxoSmithKline 5.0 Indivior -12.5 GlaxoSmithKline 8.7 Hikma Pharmaceuticals 3.8 Oxford Biomedica -120.0 PureTech Health 0.0 PureTech Health 2.1 -150 -100 -50 0 50 100 150 0 20 40 60 80 100 120 0 5 10 15 20 25 30 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-Aug-2021 31-Aug-2021 31-Aug-2021 45 7 3.5 40 6.5 35 3 6 +1SD 30 +1SD 25 5.5 2.5 Avg +1SD Avg 20 5 -1SD 15 -1SD 2 Avg 4.5 10 5 -1SD 4 1.5 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Oxford Biomedica 80.0 GlaxoSmithKline 5.5 PureTech Health 15.0 Genus 56.8 Pharmaceuticals and Biotechnology 3.1 Oxford Biomedica 13.9 Dechra Pharmaceuticals 53.1 AstraZeneca 2.1 Dechra Pharmaceuticals 11.0 AstraZeneca 35.1 Hikma Pharmaceuticals 1.4 Genus 7.0 Pharmaceuticals and Biotechnology 18.8 Dechra Pharmaceuticals 0.7 AstraZeneca 6.4 Hikma Pharmaceuticals 17.5 Genus 0.5 Pharmaceuticals and Biotechnology 3.9 GlaxoSmithKline 9.6 PureTech Health 0.0 Hikma Pharmaceuticals 3.2 Indivior -9.6 Oxford Biomedica 0.0 Indivior 2.9 PureTech Health -9.9 Indivior 0.0 GlaxoSmithKline 2.2 -20 -10 0 10 20 30 40 50 60 70 80 90 0 1 2 3 4 5 6 0 2 4 6 8 10 12 14 16 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: GlaxoSmithKline 28 September 2021 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-Aug-2021 31-Aug-2021 31-Aug-2021 20 100 ‖ ‖ 50 ‖ ‖ ‖ ‖ +1SD 90 +1SD 45 15 +1SD 80 40 Avg 10 Avg 70 35 Avg -1SD 5 60 30 -1SD -1SD 0 50 25 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Indivior 3.5 AstraZeneca 100.0 GlaxoSmithKline 44.2 GlaxoSmithKline 1.9 Dechra Pharmaceuticals 100.0 Pharmaceuticals and Biotechnology 32.7 Pharmaceuticals and Biotechnology 1.5 Pharmaceuticals and Biotechnology 79.5 AstraZeneca 23.2 AstraZeneca 1.3 GlaxoSmithKline 69.3 Hikma Pharmaceuticals 21.1 Dechra Pharmaceuticals 0.6 Genus 46.7 Genus 8.0 Hikma Pharmaceuticals 0.4 Hikma Pharmaceuticals 26.7 Dechra Pharmaceuticals 5.9 Genus 0.3 PureTech Health 0.0 PureTech Health 0.9 Oxford Biomedica 0.1 Oxford Biomedica 0.0 Oxford Biomedica -6.6 PureTech Health 0.1 Indivior 0.0 Indivior -50.0 0 0.5 1 1.5 2 2.5 3 3.5 4 0 20 40 60 80 100 120 -60 -40 -20 0 20 40 60 ROE vs. PB — sector Du Pont Analysis 30 scatter 120 60 100 50 25 ‖ ‖ INDV 80 40 20 60 30 PB 15 AZN 40 20 OXB 10 DPH GNS Pharmaceuticals 20 10 5 GSK HIK PRTC 0 0 2017 2018 2019 2020 2021 0 0 5 10 15 20 25 30 35 40 45 50 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: GlaxoSmithKline 28 September 2021 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation). EV is full company Market Capitalisation at the data date corresponding sector of the FTSE All Share Index for up to 366 days, rebased to the start plus last annual net debt and Preferred Stock. Net Debt is total financial debt less cash date. Note that the stock itself may not be a FTSE All share constituent. Relative Chart and short-term investments. EBITDA is operating income plus depreciation and may be null if there are no stocks in the corresponding FTSE UK All Share sector. amortisation. RSI Relative Strength Index. Calculated as 100 minus (100 divided by (1+ratio of positive Dividend Yield % Dividend Yield reflects the dividend declared per share and/or paid for the security in versus negative time weighted returns)). Reflects 14 day average gains/losses question for the most recent fiscal year, divided by the share price.