Company Valuation: Genmab A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 172,063 192,229 140,770 94,810 124,862 110,749 - -
Change - 11.72% -26.77% -32.65% 31.7% -11.3% - -
Enterprise Value (EV) 1 152,725 169,905 112,635 73,709 114,029 111,907 110,327 100,619
Change - 11.25% -33.71% -34.56% 54.7% -1.86% -1.41% -8.8%
P/E ratio 57.8x 35.2x 32.6x 12.3x 20.9x 23.6x 15.9x 10.2x
PBR 7.82x 7.07x 4.5x 2.68x 3.47x 2.55x 2.21x 1.81x
PEG - 0.4x -1.5x 0.1x -1x -1.1x 0.3x 0.2x
Capitalization / Revenue 20.3x 13.2x 8.54x 4.4x 5.31x 4.03x 3.41x 2.76x
EV / Revenue 18x 11.6x 6.84x 3.42x 4.85x 4.08x 3.39x 2.51x
EV / EBITDA 46.8x 25.3x 20.1x 10.4x 15.9x 12.5x 9.08x 6x
EV / EBIT 50.6x 26.7x 21.2x 10.5x 17x 15.1x 10.8x 6.8x
EV / FCF 77.3x 47.3x 16.1x 9.72x 15.7x 21.3x 9.26x 5.28x
FCF Yield 1.29% 2.12% 6.23% 10.3% 6.36% 4.7% 10.8% 18.9%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 45.54 83.65 66.02 121.4 97.08 76.54 113.2 177.4
Distribution rate - - - - - - - -
Net sales 1 8,482 14,595 16,474 21,526 23,497 27,448 32,519 40,069
EBITDA 1 3,266 6,719 5,616 7,116 7,175 8,980 12,157 16,778
EBIT 1 3,018 6,357 5,321 7,003 6,727 7,405 10,169 14,786
Net income 1 3,008 5,522 4,352 7,844 6,083 4,814 7,235 11,310
Net Debt 1 -19,338 -22,324 -28,135 -21,101 -10,833 1,157 -422.4 -10,130
Reference price 2 2,630.00 2,941.00 2,155.00 1,492.50 2,027.00 1,804.00 1,804.00 1,804.00
Nbr of stocks (in thousands) 65,423 65,362 65,322 63,524 61,599 61,391 - -
Announcement Date 2/16/22 2/22/23 2/14/24 2/12/25 2/17/26 - - -
1DKK in Million2DKK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.49x4.08x12.45x-.--% 17.49B
29.59x7.86x23.36x0.05% 52.7B
17.05x5.12x11.64x1.73% 44.07B
-56.08x17.84x-60.31x-.--% 31.19B
-19.28x4.64x-9.17x-.--% 26.03B
28.36x5.54x15.41x-.--% 18.88B
-20.14x2414.99x-28.03x-.--% 19.5B
-429.08x35.92x1977.32x-.--% 17.76B
-618.01x37.38x-1063.35x-.--% 15.49B
-111.75x7.83x-220.91x-.--% 12.2B
Average -115.59x 254.12x 65.84x 0.18% 25.53B
Weighted average by Cap. -70.28x 195.45x 60.90x 0.31%

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