Company Valuation: Incyte Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,213 17,869 14,072 13,306 19,391 25,970 - -
Change - 10.21% -21.25% -5.44% 45.73% 33.93% - -
Enterprise Value (EV) 1 13,865 14,630 10,416 11,148 16,293 21,740 19,979 18,000
Change - 5.52% -28.81% 7.03% 46.15% 33.43% -8.1% -9.91%
P/E 17.2x 52.8x 23.7x 460x 15.4x 57.2x 17.7x 16.3x
PBR 4.32x 4.09x 2.71x 3.88x 3.79x 4.38x 3.3x 2.6x
PEG - -0.8x 0.3x -4.9x 0x -0.9x 0x 1.9x
Capitalization / Revenue 5.43x 5.26x 3.81x 3.14x 3.77x 4.37x 4.15x 3.96x
EV / Revenue 4.64x 4.31x 2.82x 2.63x 3.17x 3.66x 3.19x 2.74x
EV / EBITDA 21.5x 24.5x 14.8x 22.2x 9.53x 28.3x 9.4x 9.02x
EV / EBIT 23.7x 25.2x 16.8x 26.9x 10.1x 25.2x 8.78x 7.09x
EV / FCF 24.4x 16.4x 22.4x 44.8x - 32.2x 12.2x 10.3x
FCF Yield 4.1% 6.1% 4.45% 2.23% - 3.11% 8.17% 9.72%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 4.27 1.52 2.65 0.15 6.41 2.241 7.239 7.859
Distribution rate - - - - - - - -
Net sales 1 2,986 3,395 3,696 4,241 5,141 5,942 6,265 6,566
EBITDA 1 643.6 597.7 703.2 503.1 1,709 766.9 2,126 1,996
EBIT 1 585.8 579.4 620.5 413.9 1,616 863.9 2,276 2,540
Net income 1 948.6 340.7 597.6 32.62 1,287 465.8 1,496 1,696
Net Debt 1 -2,348 -3,239 -3,656 -2,158 -3,098 -4,230 -5,991 -7,970
Reference price 2 73.40 80.32 62.79 69.07 98.77 128.12 128.12 128.12
Nbr of stocks (in thousands) 2,20,891 2,22,475 2,24,109 1,92,650 1,96,323 2,02,698 - -
Announcement Date 08/02/22 07/02/23 13/02/24 10/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.87x4.4x10.37x0.48% 8.14TCr
-17.5x26.63x-17.33x-.--% 5.97TCr
20.34x4.34x13.4x2.44% 5.92TCr
38.9x13.29x25.49x-.--% 5.33TCr
22.13x4.88x13.94x0.66% 4.91TCr
39.28x3.6x13.72x-.--% 3.27TCr
57.18x3.66x28.35x-.--% 2.6TCr
74.71x7.87x47.5x-.--% 2.44TCr
24.33x5.22x13.59x-.--% 1.69TCr
Average 30.91x 8.21x 16.56x 0.4% 4.47TCr
Weighted average by Cap. 24.48x 9.06x 12.96x 0.54%

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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  5. Valuation Incyte Corporation