Company Valuation: BeOne Medicines AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 27,843 22,843 18,862 19,667 33,619 30,028 - -
Change - -17.96% -17.43% 4.27% 70.94% -10.68% - -
Enterprise Value (EV) 1 24,097 19,511 16,564 18,058 30,091 25,954 25,000 23,202
Change - -19.03% -15.1% 9.02% 66.64% -13.75% -3.68% -7.19%
P/E ratio -17.8x -11.3x -21.3x -30.2x 120x 40.2x 28.1x 20.8x
PBR 4.03x 5.17x 5.32x 5.84x 7.9x 5.87x 4.64x 3.32x
PEG - -0.4x 0.4x 1.1x -1x 0x 0.7x 0.6x
Capitalization / Revenue 23.7x 16.1x 7.67x 5.16x 6.29x 4.64x 4.04x 3.6x
EV / Revenue 20.5x 13.8x 6.74x 4.74x 5.63x 4.01x 3.37x 2.78x
EV / EBITDA -17.3x -11.3x -14.8x -45.6x 51.1x 25.7x 17.4x 10.7x
EV / EBIT -16.7x -10.9x -13.7x -31.8x 67.3x 30.5x 20.6x 13.2x
EV / FCF -15.4x -10.7x -9.63x -28.5x 32x 36.4x 22.7x 15.3x
FCF Yield -6.48% -9.34% -10.4% -3.51% 3.13% 2.74% 4.4% 6.55%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -15.23 -19.43 -8.45 -6.12 2.53 6.723 9.604 13
Distribution rate - - - - - - - -
Net sales 1 1,176 1,416 2,459 3,810 5,343 6,477 7,424 8,347
EBITDA 1 -1,392 -1,723 -1,120 -396.4 588.8 1,009 1,434 2,167
EBIT 1 -1,439 -1,790 -1,208 -568.2 447.1 850.6 1,211 1,761
Net income 1 -1,413 -2,004 -881.7 -644.8 286.9 763.9 1,096 1,540
Net Debt 1 -3,746 -3,332 -2,297 -1,609 -3,528 -4,074 -5,028 -6,826
Reference price 2 270.93 219.94 180.36 184.71 303.81 270.10 270.10 270.10
Nbr of stocks (in thousands) 1,02,770 1,03,859 1,04,578 1,06,476 1,10,658 1,11,174 - -
Announcement Date 25/02/22 27/02/23 26/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.18x4.01x25.73x-.--% 3TCr
29.32x5.21x16.14x1.12% 4.27TCr
-18.74x284.14x-16.99x-.--% 3.17TCr
22.28x2.56x11.07x-.--% 3.06TCr
28.96x7.47x19.23x0.42% 2.42TCr
22.57x1.96x8.6x1.18% 1.32TCr
26.66x4.26x19.41x-.--% 1.3TCr
-20.79x13.58x-20.21x-.--% 1.23TCr
23.79x1.71x10.36x-.--% 1.14TCr
Average 17.14x 36.10x 8.15x 0.3% 2.32TCr
Weighted average by Cap. 18.68x 47.25x 9.38x 0.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation BeOne Medicines AG