Company Valuation: Intuitive Surgical, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,28,355 93,771 1,18,775 1,85,911 2,00,772 1,22,335 - -
Change - -26.94% 26.67% 56.52% 7.99% -39.07% - -
Enterprise Value (EV) 1 1,27,064 92,189 1,16,025 1,83,884 1,97,404 1,15,768 1,11,768 1,06,869
Change - -27.45% 25.85% 58.49% 7.35% -41.35% -3.46% -4.38%
P/E 77.1x 72.7x 67.1x 81.3x 72x 37.5x 32.6x 28.3x
PBR 10.8x 8.41x 9.06x 11.5x 11.3x 5.76x 4.81x 3.94x
PEG - -3.4x 1.8x 2.9x 3.2x 2.2x 2.2x 1.8x
Capitalization / Revenue 22.5x 15.1x 16.7x 22.3x 19.9x 10.4x 9.23x 8.18x
EV / Revenue 22.3x 14.8x 16.3x 22x 19.6x 9.83x 8.43x 7.14x
EV / EBITDA 48.4x 37.1x 41.5x 52.4x 45.1x 21.8x 19.1x 16.1x
EV / EBIT 54.9x 42.9x 48.4x 60x 52.5x 24.8x 21.4x 18x
EV / FCF 73.2x 96.2x 155x 141x 79.3x 25.8x 24x 20.3x
FCF Yield 1.37% 1.04% 0.65% 0.71% 1.26% 3.87% 4.17% 4.93%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 4.66 3.65 5.03 6.42 7.87 9.2 10.59 12.23
Distribution rate - - - - - - - -
Net sales 1 5,710 6,222 7,124 8,352 10,065 11,774 13,257 14,959
EBITDA 1 2,625 2,487 2,799 3,512 4,375 5,316 5,836 6,641
EBIT 1 2,315 2,149 2,397 3,067 3,760 4,671 5,231 5,939
Net income 1 1,705 1,322 1,798 2,323 2,856 3,297 3,727 4,235
Net Debt 1 -1,291 -1,581 -2,750 -2,027 -3,368 -6,567 -10,567 -15,466
Reference price 2 359.30 265.35 337.36 521.96 566.36 345.42 345.42 345.42
Nbr of stocks (in thousands) 3,57,237 3,53,385 3,52,072 3,56,179 3,54,496 3,54,163 - -
Announcement Date 20/01/22 24/01/23 23/01/24 23/01/25 22/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
44.49x11.58x25.87x-.--% 14TCr
27.2x4.87x18.73x0.34% 20TCr
33.17x6.4x20.14x0.7% 15TCr
16.41x3.38x10.87x-.--% 6.63TCr
31.32x7.01x22.37x-.--% 5.06TCr
18.65x2.14x11.08x2.82% 4.48TCr
26.47x5.27x18x0.75% 3.84TCr
45.84x6.39x19.64x-.--% 3.71TCr
14.77x1.64x9.12x0.22% 2.99TCr
19.15x5.04x12.99x1.2% 2.92TCr
Average 27.75x 5.37x 16.88x 0.6% 7.86TCr
Weighted average by Cap. 30.38x 6.20x 18.85x 0.47%

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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