17
20
Pharmacy Watch: 10 0
2014
2015
2016
2017
Annual deal volumes 2014 to 2018
2018
67
70
Shining a Light on the Pharmacy Transactions Market, 2018
60
53
50
Geographical split of transactions 2017 and 2018
37
40
29
30
Connacht / Ulster
20
6 6
Dublin
€14.7m
9
€10.8m
€11.3m
8 10
Dublin
Rest of Leinster
€48.6m
Total National Value 2017
€39.2m
Total National 13 Value 2018
€15.5m
0
€10.2m
2018
New openings
€8mAverage investment per unit
2016 €215,000
2014
Greenfield pharmacy investment
38
2015
2017
Average investment per un
2018
€6.9m Note; the shaded areas of the above graph incorporate the Sam McCauley Chemists deal in 2017 and the Bradley Pharmacy Group sale 2018
Rest of Leinster
Total national
Munster
Connacht / Ulster investment Greenfield pharmacy investment 2017 and 2018 17
€8,170,000
Greenfield pharmacy investment
2017
8 Munster
2017
10
10
€10.4m
27
Greenfield pharmacy investment
17
33
37
National 2017
Greenfield pharmacy investment
38
2018
New openings
Connacht / Ulster
33
6
Average investment per unit
National 2018
Average investment per unit
6
€215,000
36
New openings
€227,000 Dublin 10
Average deal value per region
9
Total national investment
Total national investment
€8,170,000 €2,000,000
8 €8,172,000 Rest of Leinster 10
National average Connacht / Ulster
€1.500,000
Valuation methodology and multiples 13 8
Munster
€1,000,000
Munster
Rest of Leinster
5.23 X
Dublin
€500,000
0
2017
2018
5.23 X
Value per region 2017 and 2018
€14.7m
€10.8m
€11.3m
Dublin
5.13 X
Average Earnings Multiple
€10.4m
Rest of Leinster
€48.6m
Total National Value 2017
€39.2m
Total National Value 2018
37
National 2017
Average Earnings Multiple
€15.5m2017 €10.2m
Munster
2017
Average Earnings Multiple
5.13 X
Average Earnings Multiple
€8m
2018
€6.9m
Connacht / Ulster
2018
33
National 2018
€227,000
Tota inv
€8,1