Company Valuation: Genmab A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 172,063 192,229 140,770 94,810 124,862 129,254 - -
Change - 11.72% -26.77% -32.65% 31.7% 3.52% - -
Enterprise Value (EV) 1 152,725 169,905 112,635 73,709 114,029 148,447 140,279 127,476
Change - 11.25% -33.71% -34.56% 54.7% 30.18% -5.5% -9.13%
P/E 57.8x 35.2x 32.6x 12.3x 20.9x 27.4x 19.3x 12.9x
PBR 7.82x 7.07x 4.5x 2.68x 3.47x 3.22x 2.76x 2.28x
PEG - 0.4x -1.5x 0.1x -1x -1.5x 0.5x 0.3x
Capitalization / Revenue 20.3x 13.2x 8.54x 4.4x 5.31x 4.47x 3.83x 3.17x
EV / Revenue 18x 11.6x 6.84x 3.42x 4.85x 5.13x 4.16x 3.13x
EV / EBITDA 46.8x 25.3x 20.1x 10.4x 15.9x 17.1x 11.3x 7.49x
EV / EBIT 50.6x 26.7x 21.2x 10.5x 17x 19.2x 13.9x 8.96x
EV / FCF 77.3x 47.3x 16.1x 9.72x 15.7x 24.8x 18.3x 10.7x
FCF Yield 1.29% 2.12% 6.23% 10.3% 6.36% 4.03% 5.47% 9.34%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 45.54 83.65 66.02 121.4 97.08 78.97 112.2 167.4
Distribution rate - - - - - - - -
Net sales 1 8,482 14,595 16,474 21,526 23,497 28,947 33,713 40,730
EBITDA 1 3,266 6,719 5,616 7,116 7,175 8,699 12,412 17,030
EBIT 1 3,018 6,357 5,321 7,003 6,727 7,723 10,123 14,220
Net income 1 3,008 5,522 4,352 7,844 6,083 4,927 7,162 10,662
Net Debt 1 -19,338 -22,324 -28,135 -21,101 -10,833 19,193 11,025 -1,777
Reference price 2 2,630.00 2,941.00 2,155.00 1,492.50 2,027.00 2,165.00 2,165.00 2,165.00
Nbr of stocks (in thousands) 65,423 65,362 65,322 63,524 61,599 59,702 - -
Announcement Date 2/16/22 2/22/23 2/14/24 2/12/25 2/17/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.62x7.16x14.45x1.43% 69.02B
37.68x9.86x30.11x0.04% 66.32B
-77.54x14.97x-72.18x-.--% 27.66B
-15.71x6.02x-7.56x-.--% 25.84B
30.64x6.56x17.04x-.--% 26.54B
27.79x5.19x17.27x-.--% 20.4B
50.92x18.81x38.16x0.3% 17.63B
1308.71x37.87x826.39x-.--% 15.15B
18.26x5.45x12.72x-.--% 14.65B
Average 155.71x 12.43x 97.38x 0.2% 31.47B
Weighted average by Cap. 83.82x 10.53x 52.90x 0.37%

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