Company Valuation: Incyte Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,213 17,869 14,072 13,306 19,391 23,508 - -
Change - 10.21% -21.25% -5.44% 45.73% 21.23% - -
Enterprise Value (EV) 1 13,865 14,630 10,416 11,148 16,293 19,501 17,582 15,383
Change - 5.52% -28.81% 7.03% 46.15% 19.69% -9.84% -12.5%
P/E 17.2x 52.8x 23.7x 460x 15.4x 57x 15.3x 14.2x
PBR 4.32x 4.09x 2.71x 3.88x 3.79x 4.21x 2.99x 2.23x
PEG - -0.8x 0.3x -4.9x 0x -0.8x 0x 1.77x
Capitalization / Revenue 5.43x 5.26x 3.81x 3.14x 3.77x 4.09x 3.79x 3.62x
EV / Revenue 4.64x 4.31x 2.82x 2.63x 3.17x 3.39x 2.83x 2.37x
EV / EBITDA 21.5x 24.5x 14.8x 22.2x 9.53x 25.3x 7.53x 6.38x
EV / EBIT 23.7x 25.2x 16.8x 26.9x 10.1x 27.4x 7.56x 5.95x
EV / FCF 24.4x 16.4x 22.4x 44.8x - 26.8x 9.5x 8.45x
FCF Yield 4.1% 6.1% 4.45% 2.23% - 3.73% 10.5% 11.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 4.27 1.52 2.65 0.15 6.41 2.066 7.678 8.295
Distribution rate - - - - - - - -
Net sales 1 2,986 3,395 3,696 4,241 5,141 5,748 6,205 6,496
EBITDA 1 643.6 597.7 703.2 503.1 1,709 770.4 2,336 2,413
EBIT 1 585.8 579.4 620.5 413.9 1,616 712.3 2,325 2,584
Net income 1 948.6 340.7 597.6 32.62 1,287 426.4 1,592 1,725
Net Debt 1 -2,348 -3,239 -3,656 -2,158 -3,098 -4,007 -5,927 -8,125
Reference price 2 73.40 80.32 62.79 69.07 98.77 117.67 117.67 117.67
Nbr of stocks (in thousands) 220,891 222,475 224,109 192,650 196,323 199,782 - -
Announcement Date 2/8/22 2/7/23 2/13/24 2/10/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
56.96x3.39x25.31x-.--% 23.51B
17.35x3.71x9.57x0.59% 66.74B
26.36x5.45x16.03x0.6% 53.32B
37.26x12.6x24.05x-.--% 48.12B
-42.39x3.06x9.03x3.57% 38.25B
25.06x3.49x11.87x-.--% 29.85B
-6.24x8.61x-5.3x-.--% 21.45B
64.96x6.38x43.91x-.--% 19.97B
-37.77x18x-49.29x-.--% 16.47B
24.05x5.15x13.48x-.--% 16.38B
Average 16.56x 6.99x 9.87x 0.48% 33.41B
Weighted average by Cap. 17.23x 6.40x 12.33x 0.62%

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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