Company Valuation: IonQ, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,215 689.9 2,536 9,039 15,897 18,406 - -
Change - -78.54% 267.65% 256.37% 75.87% 15.79% - -
Enterprise Value (EV) 1 2,692 649.5 2,181 8,698 13,504 15,729 15,942 16,911
Change - -75.87% 235.75% 298.85% 55.25% 16.48% 1.35% 6.08%
P/E -21.7x -13.8x -15.9x -26.8x -24.7x 150x -20.9x -21.7x
PBR - 1.2x 5.28x 24.1x 4.28x 3.89x 4.24x 4.54x
PEG - 0.2x -0x -0x -1.5x -1x 0x 5.64x
Capitalization / Revenue 1,531x 62x 115x 210x 122x 68.6x 47.3x 28.8x
EV / Revenue 1,283x 58.4x 98.9x 202x 104x 58.6x 41x 26.5x
EV / EBITDA -95.1x -13.3x -28.1x -81.1x -72.3x -47.6x -57.2x -85.3x
EV / EBIT -69.6x -7.58x -13.8x -37.4x -21.3x -19.5x -19.7x -21.1x
EV / FCF - -12x -23.6x -70.3x -45.1x -45.6x -53.6x -93.1x
FCF Yield - -8.32% -4.24% -1.42% -2.22% -2.19% -1.87% -1.07%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.77 -0.25 -0.78 -1.56 -1.82 0.3296 -2.358 -2.268
Distribution rate - - - - - - - -
Net sales 1 2.099 11.13 22.04 43.07 130 268.3 388.8 638.3
EBITDA 1 -28.3 -48.68 -77.72 -107.2 -186.8 -330.5 -278.5 -198.2
EBIT 1 -38.69 -85.75 -157.8 -232.5 -633.7 -806.5 -807.4 -802.8
Net income 1 -106.2 -48.51 -157.8 -331.6 -510.4 159.3 -884.9 -867.7
Net Debt 1 -522.5 -40.32 -355.4 -340.3 -2,392 -2,677 -2,464 -1,495
Reference price 2 16.70 3.45 12.39 41.77 44.87 49.31 49.31 49.31
Nbr of stocks (in thousands) 192,487 199,959 204,705 216,392 354,280 373,270 - -
Announcement Date 3/28/22 3/30/23 2/28/24 2/26/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

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