Company Valuation: Genmab A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,61,105 1,72,063 1,92,229 1,40,770 94,810 1,17,316 1,17,316 -
Change - 6.8% 11.72% -26.77% -32.65% 23.74% 0% -
Enterprise Value (EV) 1 1,45,026 1,52,725 1,69,905 1,12,635 73,709 89,397 86,718 80,264
Change - 5.31% 11.25% -33.71% -34.56% 21.28% -3% -7.44%
P/E ratio 34.1x 57.8x 35.2x 32.6x 12.3x 16.2x 18.4x 14x
PBR 8.5x 7.82x 7.07x 4.5x 2.68x 3.1x 2.68x 2.29x
PEG - -1.6x 0.4x -1.5x 0.1x -5.68x -1.5x 0.4x
Capitalization / Revenue 15.9x 20.3x 13.2x 8.54x 4.4x 4.94x 4.27x 3.65x
EV / Revenue 14.3x 18x 11.6x 6.84x 3.42x 3.76x 3.15x 2.5x
EV / EBITDA 22.1x 46.8x 25.3x 20.1x 10.4x 9.95x 9.03x 6.34x
EV / EBIT 23x 50.6x 26.7x 21.2x 10.5x 10.5x 10x 7.11x
EV / FCF 23.7x 77.3x 47.3x 16.1x 9.72x 14.5x 9.78x 7.3x
FCF Yield 4.22% 1.29% 2.12% 6.23% 10.3% 6.89% 10.2% 13.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 72.21 45.54 83.65 66.02 121.4 117.9 103.5 136
Distribution rate - - - - - - - -
Net sales 1 10,111 8,482 14,595 16,474 21,526 23,750 27,491 32,138
EBITDA 1 6,572 3,266 6,719 5,616 7,116 8,988 9,607 12,656
EBIT 1 6,313 3,018 6,357 5,321 7,003 8,498 8,650 11,293
Net income 1 4,758 3,008 5,522 4,352 7,844 7,526 6,999 10,524
Net Debt 1 -16,079 -19,338 -22,324 -28,135 -21,101 -27,919 -30,598 -37,052
Reference price 2 2,463.00 2,630.00 2,941.00 2,155.00 1,492.50 1,904.50 1,904.50 1,904.50
Nbr of stocks (in thousands) 65,410 65,423 65,362 65,322 63,524 61,599 61,599 -
Announcement Date 23/02/21 16/02/22 22/02/23 14/02/24 12/02/25 - - -
1DKK in Million2DKK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.15x3.76x9.95x-.--% 1.86TCr
47.83x11.28x40.69x0.02% 5.15TCr
17.58x6.38x14.04x1.7% 4.43TCr
-25.5x51.38x-29.37x-.--% 3.17TCr
-26.07x4.34x-11.95x-.--% 2.66TCr
29.5x6.39x17.71x-.--% 2.12TCr
-173.33x42.7x-172.64x-.--% 1.25TCr
-318.07x25.02x1052.59x-.--% 1.24TCr
-11.33x141.5x-22.06x-.--% 1.15TCr
14.35x4.02x9.51x-.--% 1.14TCr
Average -42.89x 29.68x 90.85x 0.17% 2.42TCr
Weighted average by Cap. -14.12x 22.08x 52.90x 0.32%

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