Company Valuation: Novavax, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,817 883.9 570.2 1,288 1,092 1,753 - -
Change - -91.83% -35.49% 125.87% -15.21% 60.57% - -
Enterprise Value (EV) 1 9,756 -228.1 169.7 534.5 1,096 1,972 2,057 1,753
Change - -102.34% 174.39% 214.93% 104.99% 80.03% 4.27% -14.74%
P/E -6.1x -1.22x -0.89x -6.54x 2.6x -17x -47.4x 44.2x
PBR -30.9x -1.38x -0.93x -2.07x -8.55x -3.03x -2.9x -
PEG - 0x 0x 0.1x -0x 0x 0.7x -0x
Capitalization / Revenue 9.44x 0.45x 0.58x 1.89x 0.97x 4.7x 6.59x 5.68x
EV / Revenue 8.51x -0.12x 0.17x 0.78x 0.98x 5.29x 7.73x 5.68x
EV / EBITDA - 0.37x -0.32x -2.67x 2.28x -16.3x -41.4x -207x
EV / EBIT -5.78x 0.35x -0.3x -2.15x 2.42x -20x -65.3x 30.7x
EV / FCF 36.8x 0.45x -0.22x -5.33x -4.38x -8.69x -43.8x 14.7x
FCF Yield 2.72% 221% -452% -18.8% -22.8% -11.5% -2.29% 6.81%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -23.44 -8.42 -5.41 -1.23 2.58 -0.6251 -0.2243 0.2403
Distribution rate - - - - - - - -
Net sales 1 1,146 1,982 983.7 682.2 1,123 372.9 266.2 308.7
EBITDA 1 - -615.7 -525.3 -200.4 480.4 -120.9 -49.65 -8.459
EBIT 1 -1,687 -644.7 -566.5 -248.9 452.8 -98.6 -31.49 57.14
Net income 1 -1,744 -657.9 -545.1 -187.5 440.3 -107.5 -37.93 40.68
Net Debt 1 -1,061 -1,112 -400.5 -753.4 3.579 219 303.2 -
Reference price 2 143.07 10.28 4.80 8.04 6.72 10.63 10.63 10.63
Nbr of stocks (in thousands) 75,608 85,979 118,790 160,185 162,499 164,946 - -
Announcement Date 2/28/22 2/28/23 2/28/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.26x5.97x17.88x0.98% 47.97B
34.82x3.35x14.46x-.--% 44.5B
-21.07x227.64x-22.77x-.--% 43.93B
47.27x5.47x29.96x-.--% 41.03B
26.85x7.74x19.93x0.42% 29.85B
35.19x5.78x26.24x-.--% 17.27B
-61.04x9.99x243.78x-.--% 15.34B
25.79x2.21x9.6x1.04% 15.3B
Average 15.13x 33.52x 42.38x 0.3% 31.9B
Weighted average by Cap. 19.70x 43.80x 26.11x 0.3%

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