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 23,748 - -
Change - 10.21% -21.25% -5.44% 45.73% 22.47% - -
Enterprise Value (EV) 1 13,865 14,630 10,416 11,148 16,293 19,741 17,821 15,623
Change - 5.52% -28.81% 7.03% 46.15% 21.16% -9.73% -12.33%
P/E 17.2x 52.8x 23.7x 460x 15.4x 67.6x 15.4x 14.9x
PBR 4.32x 4.09x 2.71x 3.88x 3.79x 4.26x 3.02x 2.26x
PEG - -0.8x 0.3x -4.9x 0x -0.9x 0x 4.58x
Capitalization / Revenue 5.43x 5.26x 3.81x 3.14x 3.77x 4.15x 3.84x 3.7x
EV / Revenue 4.64x 4.31x 2.82x 2.63x 3.17x 3.45x 2.88x 2.43x
EV / EBITDA 21.5x 24.5x 14.8x 22.2x 9.53x 25.6x 7.63x 6.48x
EV / EBIT 23.7x 25.2x 16.8x 26.9x 10.1x 27.7x 7.66x 6.05x
EV / FCF 24.4x 16.4x 22.4x 44.8x - 27.1x 9.63x 8.58x
FCF Yield 4.1% 6.1% 4.45% 2.23% - 3.68% 10.4% 11.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 4.27 1.52 2.65 0.15 6.41 1.758 7.713 7.964
Distribution rate - - - - - - - -
Net sales 1 2,986 3,395 3,696 4,241 5,141 5,723 6,184 6,425
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 1,287 362.9 1,557 1,656
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 98.77 118.87 118.87 118.87
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
67.61x3.45x25.63x-.--% 23.75B
17.64x3.78x9.76x0.58% 67.88B
26.33x5.45x16.01x0.6% 53.23B
37.7x12.83x24.43x-.--% 48.71B
-43.2x3.1x9.18x3.5% 38.98B
24.81x3.46x11.92x-.--% 29.55B
-6.42x8.92x-5.49x-.--% 22.07B
-37.81x18.02x-49.34x-.--% 16.49B
24.4x5.22x13.67x-.--% 16.57B
-115.63x12.42x-88.9x-.--% 12.27B
Average -0.46x 7.67x -3.31x 0.47% 32.95B
Weighted average by Cap. 10.05x 6.71x 6.75x 0.63%

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 Incyte Corporation