Company Valuation: DexCom, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 52,042 43,740 47,945 30,377 25,885 32,687 - -
Change - -15.95% 9.61% -36.64% -14.79% 26.28% - -
Enterprise Value (EV) 1 52,692 45,068 49,813 31,073 26,209 31,926 31,626 30,810
Change - -14.47% 10.53% -37.62% -15.65% 21.81% -0.94% -2.58%
P/E 346x 138x 95.5x 54.8x 31.8x 34.7x 29.2x 24.1x
PBR 23.1x 20.5x 23.1x 15.1x 9.3x 11.5x 9.58x 7.38x
PEG - 1x 1.6x 5.94x 0.7x 1.8x 1.5x 1.1x
Capitalization / Revenue 21.3x 15x 13.2x 7.53x 5.55x 6.25x 5.64x 5.06x
EV / Revenue 21.5x 15.5x 13.8x 7.7x 5.62x 6.1x 5.45x 4.77x
EV / EBITDA 111x 60x 49.1x 28.1x 19.4x 19.2x 16.5x 13.9x
EV / EBIT 142x 92.9x 69.3x 41x 27x 25.6x 21.9x 17.9x
EV / FCF 989x 148x 97.3x 49.3x 24.3x 31.3x 25.9x 21x
FCF Yield 0.1% 0.68% 1.03% 2.03% 4.11% 3.2% 3.86% 4.77%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.3875 0.82 1.3 1.42 2.09 2.495 2.969 3.596
Distribution rate - - - - - - - -
Net sales 1 2,448 2,910 3,622 4,033 4,662 5,230 5,800 6,461
EBITDA 1 472.7 751.6 1,014 1,105 1,349 1,666 1,921 2,218
EBIT 1 370.7 485.1 718.6 757.1 969.3 1,247 1,447 1,722
Net income 1 154.7 341.2 541.5 576.2 836.3 974.4 1,149 1,409
Net Debt 1 650.1 1,328 1,868 695.9 323.2 -761.1 -1,061 -1,877
Reference price 2 134.24 113.24 124.09 77.77 66.37 86.62 86.62 86.62
Nbr of stocks (in thousands) 387,688 386,258 386,374 390,595 390,016 377,361 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/13/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.7x3.97x15.34x2.54% 175B
18.75x3.44x12.31x3.18% 113B
16.81x0.2x12.34x0.77% 58.57B
35.42x3.42x11.72x2.13% 50.07B
28.64x7.07x18.26x1.4% 49.92B
34.72x6.1x19.16x-.--% 32.69B
45.51x1.29x11.97x0.21% 30.44B
43.2x7.58x27.18x0.24% 26.07B
54.38x7.25x23.3x0.39% 23.55B
Average 34.01x 4.48x 16.84x 1.21% 62.22B
Weighted average by Cap. 29.06x 3.98x 15.27x 1.87%

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