Organon & Co

STU : 7XP
USA·Healthcare·Drug Manufacturers·Ordinary Shares
€12.24
+0.03 (+0.25%)Oct 16 close
Market Cap
€3.18B
Enterprise Value
€9.61B
P/E (TTM)
18.33
P/B
3.69
Net Cash / (Debt)
−€6.44B
52-Week Range
€4.99 — €12
5-Year Range
€4.99 — €36
Avg Volume (3M)
1.10K

Organon & Co sells prescription drugs across three segments: women's health products (contraceptives, fertility treatments), biosimilars (lower-cost versions of biologic drugs), and a large portfolio of established/off-patent branded medicines spanning cardiovascular, respiratory, and other therapeutic areas. Customers are hospitals, pharmacies, and healthcare systems worldwide. Most revenue comes from the established brands segment — mature products with stable but slowly declining demand. Europe and Canada are the largest markets, followed by the U.S. The company earns money by selling these drugs directly, with biosimilars representing a smaller but growing piece of the business.

Employees10,000IPOJun 7, 2021SIC2834HQ30 Hudson Street, Floor 33, Jersey City, NJ, USA, 07302
to

Financials (EUR)

Profitability

Metric
Current
Margins
Gross Margin
52.7%
Operating Margin
19.0%
EBITDA Margin
21.4%
Net Margin
3.4%
OCF Margin
12.0%
FCF Margin
7.1%
Returns on Capital
ROE
24.3%
ROA
1.6%
ROIC
5.0%
ROCE
9.0%
ROC (Greenblatt)
36.0%
3Y ROIIC
−39.3%
Consistency
Years Profitable / 10Y
8

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
18.33
Forward P/E
4.10
P/E ex-NRI
5.12
Shiller P/E (CAPE)
—
Cash Flow Multiples
P/FCF
8.53
P/OCF
5.03
P/Owner Earnings
20.14
FCF Yield
11.71%
Enterprise Value Multiples
EV / EBIT
11.57
EV / Forward EBIT
7.50
EV / EBITDA
8.45
EV / Forward EBITDA
6.79
EV / Revenue
1.81
EV / Forward Revenue
2.85
Asset / Sales
P/S
0.61
P/B
3.69
P/Tangible Book
—
Growth-Adjusted
PEG
—

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
0.56%
Forward Dividend Yield
0.57%
3Y Dividend Growth
−32.8%
Payout Ratio
0.03
5Y Yield on Cost
0.58%
Buybacks & Dilution
3Y Buyback Ratio
−0.80%
5Y Share Change
3.2%
Combined
Shareholder Yield
6.55%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
8.50
Gross Debt / EBITDA
6.51
Cash / Debt
0.13
Equity / Assets
0.08
Coverage
Interest Coverage
2.49
Short-Term Liquidity
Current Ratio
1.95
Quick Ratio
1.44
Cash Ratio
0.43
Composite Scores
Piotroski F-Score
5
Altman Z-Score
1.25

5-Step DuPont Analysis

ROE %
23.99%
Net Margin %
3.44%
Operating Margin %
19.01%
Operating Income
€1.00B
÷
Revenue
€5.27B
×
Tax Burden
0.4269
Net Income
€181M
÷
Pretax Income
€424M
×
Interest Burden
0.4236
Pretax Income
€424M
÷
Operating Income
€1.00B
×
Asset Turnover
0.46
Revenue
€5.27B
÷
Average Total Assets
€11.57B
Begin Total Assets
€11.71B
End Total Assets
€11.44B
×
Equity Multiplier
15.34
Avg Total Assets
€11.57B
÷
Avg Stockholders Equity
€755M
Begin Equity
€636M
End Equity
€873M