Company Valuation: Celldex Therapeutics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,803 2,099 2,169 1,677 1,805 2,975 - -
Change - 16.42% 3.32% -22.7% 7.65% 64.87% - -
Enterprise Value (EV) 1 1,395 1,794 1,745 951.2 1,286 2,313 2,341 2,401
Change - 28.64% -2.73% -45.5% 35.21% 79.85% 1.2% 2.55%
P/E -23.6x -18.6x -13.6x -10.3x -6.96x -9.03x -8.9x -10.9x
PBR - - - 2.25x 3.43x 5.02x 4.91x 5.48x
PEG - -0.4x -0.6x 0.6x -0.1x -1.19x -6.02x 0.6x
Capitalization / Revenue 388x 891x 315x 239x 1,168x 1,642x 262x 21.2x
EV / Revenue 300x 761x 254x 136x 832x 1,276x 206x 17.1x
EV / EBITDA - - -11.3x -4.96x -4.53x -7.3x -7.21x -10.1x
EV / EBIT -19.6x -15.6x -12.3x -4.88x -4.48x -6.85x -6.32x -7.86x
EV / FCF -22.4x -17x -16x -5.96x -6.02x -8.41x -9.77x -10.7x
FCF Yield -4.46% -5.88% -6.25% -16.8% -16.6% -11.9% -10.2% -9.33%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.64 -2.4 -2.92 -2.45 -3.9 -4.196 -4.258 -3.473
Distribution rate - - - - - - - -
Net sales 1 4.651 2.357 6.883 7.02 1.545 1.812 11.38 140.4
EBITDA 1 - - -154.5 -191.9 -284 -316.9 -324.8 -237.2
EBIT 1 -71.24 -115.2 -142 -195.1 -287.4 -337.6 -370.2 -305.3
Net income 1 -70.51 -112.3 -141.4 -157.9 -258.8 -319.2 -360.9 -324.2
Net Debt 1 -408.2 -305 -423.6 -725.3 -518.6 -662.3 -634.5 -574.8
Reference price 2 38.64 44.57 39.66 25.27 27.16 37.89 37.89 37.89
Nbr of stocks (in thousands) 46,664 47,100 54,689 66,344 66,449 78,530 - -
Announcement Date 2/28/22 2/28/23 2/26/24 2/27/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-9.03x1138.82x-7.3x-.--% 2.98B
32.07x5.77x17.28x1.01% 46.68B
34.76x3.35x14.44x-.--% 44.42B
-19.81x213.44x-21.53x-.--% 41.32B
47.9x5.56x30.41x-.--% 41.58B
27.45x7.91x20.36x0.41% 30.14B
35.5x5.83x26.48x-.--% 17.42B
26.02x2.23x9.67x1.03% 15.54B
-56.03x9.2x224.52x-.--% 14.08B
Average 13.20x 154.68x 34.92x 0.27% 28.24B
Weighted average by Cap. 20.65x 52.57x 24.34x 0.3%

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 Celldex Therapeutics, Inc.
-40%: Exceptional extension
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