Company Valuation: Ionis Pharmaceuticals, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,297 5,365 7,258 5,520 12,814 7,312 - -
Change - 24.86% 35.28% -23.95% 132.13% -42.94% - -
Enterprise Value (EV) 1 4,649 4,561 6,157 4,468 11,136 7,209 7,380 7,403
Change - -1.89% 34.98% -27.43% 149.25% -35.26% 2.38% 0.31%
P/E -152x -19.9x -19.8x -11.5x -33.2x -12.3x -22.6x 215x
PBR 5.57x 9.37x 18.9x 9.38x 26.4x 400x -59.5x 43.1x
PEG - -0x -0.6x -0.6x 1.5x -0.2x 0.5x -2x
Capitalization / Revenue 5.3x 9.14x 9.21x 7.83x 13.6x 7.95x 5.36x 3.84x
EV / Revenue 5.74x 7.77x 7.81x 6.34x 11.8x 7.84x 5.41x 3.89x
EV / EBITDA 35.6x -11.5x -18x -9.6x -30x -12.6x -23.9x 98.7x
EV / EBIT -155x -11.1x -17.4x -9.41x -29.2x -12.4x -21.1x 258x
EV / FCF 247x -15.7x -18.6x -8.18x -34.8x -13.5x -22x -93.7x
FCF Yield 0.41% -6.36% -5.38% -12.2% -2.87% -7.39% -4.55% -1.07%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.2 -1.9 -2.56 -3.04 -2.38 -3.584 -1.951 0.205
Distribution rate - - - - - - - -
Net sales 1 810 587 788 705 944 919.5 1,365 1,905
EBITDA 1 130.5 -395.9 -342.7 -465.4 -371.7 -573 -308.8 75.03
EBIT 1 -30 -411 -353 -475 -382 -581.3 -349.2 28.74
Net income 1 -29 -270 -366 -454 -381 -576.2 -330.2 24.6
Net Debt 1 352 -804.2 -1,102 -1,052 -1,678 -103 68.31 90.9
Reference price 2 30.43 37.77 50.59 34.96 79.11 44.00 44.00 44.00
Nbr of stocks (in thousands) 141,210 142,050 143,472 157,897 161,974 166,184 - -
Announcement Date 2/24/22 2/22/23 2/21/24 2/19/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-12.28x7.84x-12.58x-.--% 7.31B
21.73x7.77x15.61x1.37% 74.41B
30.79x8.87x27.62x0.04% 59.26B
32.79x5.89x17.64x0.99% 47.14B
33.58x3.26x14.07x-.--% 42.91B
-21.23x229.92x-22.88x-.--% 44.13B
46.86x5.42x29.73x-.--% 40.79B
27.79x7.97x20.59x0.41% 30.77B
33.94x7.26x18.84x-.--% 29.31B
-66.62x12.77x-65.09x-.--% 23.71B
Average 12.74x 29.70x 4.35x 0.28% 39.98B
Weighted average by Cap. 18.97x 31.79x 9.97x 0.41%

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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  3. IONS Stock
  4. Valuation Ionis Pharmaceuticals, Inc.