Company Valuation: IonQ, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,215 689.9 2,536 9,039 15,897 14,149 - -
Change - -78.54% 267.65% 256.37% 75.87% -10.99% - -
Enterprise Value (EV) 1 2,692 649.5 2,181 8,698 13,504 11,806 12,372 11,623
Change - -75.87% 235.75% 298.85% 55.25% -12.58% 4.8% -6.06%
P/E -21.7x -13.8x -15.9x -26.8x -24.7x -8.18x -10.4x -11.3x
PBR - 1.2x 5.28x 24.1x 4.28x 2.85x 3.4x 4.11x
PEG - 0.2x -0x -0x -1.5x -0x 0.5x 1.45x
Capitalization / Revenue 1,531x 62x 115x 210x 122x 31.1x 17.5x 13.6x
EV / Revenue 1,283x 58.4x 98.9x 202x 104x 25.9x 15.3x 11.2x
EV / EBITDA -95.1x -13.3x -28.1x -81.1x -72.3x -26.2x -23.9x -24x
EV / EBIT -69.6x -7.58x -13.8x -37.4x -21.3x -11.7x -11.9x -9.93x
EV / FCF - -12x -23.6x -70.3x -45.1x -18.4x -16.6x -14.3x
FCF Yield - -8.32% -4.24% -1.42% -2.22% -5.44% -6.01% -6.98%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.77 -0.25 -0.78 -1.56 -1.82 -4.03 -3.172 -2.924
Distribution rate - - - - - - - -
Net sales 1 2.099 11.13 22.04 43.07 130 455.1 808 1,041
EBITDA 1 -28.3 -48.68 -77.72 -107.2 -186.8 -450.7 -517.9 -484.7
EBIT 1 -38.69 -85.75 -157.8 -232.5 -633.7 -1,007 -1,043 -1,170
Net income 1 -106.2 -48.51 -157.8 -331.6 -510.4 -1,716 -1,364 -1,379
Net Debt 1 -522.5 -40.32 -355.4 -340.3 -2,392 -2,343 -1,777 -2,526
Reference price 2 16.70 3.45 12.39 41.77 44.87 32.95 32.95 32.95
Nbr of stocks (in thousands) 1,92,487 1,99,959 2,04,705 2,16,392 3,54,280 4,29,408 - -
Announcement Date 28/03/22 30/03/23 28/02/24 26/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.69x1.74x13.71x0.5% 32TCr
6x3.18x3.95x-.--% 19TCr
19.11x7.69x14.03x0.45% 15TCr
15.66x6.51x11.62x0.17% 14TCr
21.83x2.03x10.39x0.93% 8.08TCr
142.3x8.83x38.91x-.--% 4.62TCr
29.33x5.28x15.97x0.92% 4.47TCr
12.21x0.37x10.44x5.81% 3.89TCr
30.11x5.28x18.03x1.39% 3.79TCr
Average 33.03x 4.55x 15.23x 1.13% 11.7TCr
Weighted average by Cap. 22.93x 4.07x 12.68x 0.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - IonQ, Inc.

Historical PBR trend

Valuation ratios - PBR - IonQ, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - IonQ, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - IonQ, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - IonQ, Inc.