Company Valuation: argenx SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 16,291 19,269 20,293 36,221 43,868 43,171 - -
Change - 18.28% 5.32% 78.48% 21.11% -1.59% - -
Enterprise Value (EV) 1 14,186 18,515 17,352 32,974 40,948 38,606 36,560 34,779
Change - 30.52% -6.28% 90.03% 24.18% -5.72% -5.3% -4.87%
P/E ratio -43.8x -28.3x -72.1x 48.9x 43.2x 29.7x 22.5x 17.5x
PBR 7.1x - 5.39x 7.4x - 5.62x 4.37x 3.51x
PEG - -0.4x 1.2x -0x 1.2x 0.7x 0.7x 0.6x
Capitalization / Revenue 33.5x 45.9x 17.3x 16.9x 12.2x 8.5x 6.98x 5.93x
EV / Revenue 29.2x 44.1x 14.8x 15.4x 11.4x 7.6x 5.92x 4.78x
EV / EBITDA -45.7x -31.9x -59.8x -8,314x 44.6x 22.8x 16.8x 12.8x
EV / EBIT -45.1x -27.3x -44.2x -1,600x 45.9x 23.6x 16.7x 12.5x
EV / FCF -25.7x -22.8x -40.4x -227x 84.2x 17.8x 14.1x 12.7x
FCF Yield -3.9% -4.39% -2.47% -0.44% 1.19% 5.63% 7.11% 7.85%
Dividend per Share 2 - - - - - 0.4248 0.8495 0.8485
Rate of return - - - - - 0.06% 0.12% 0.12%
EPS 2 -7.203 -12.31 -4.763 12.28 16.58 23.37 30.84 39.73
Distribution rate - - - - - 1.82% 2.75% 2.14%
Net sales 1 486.3 419.9 1,171 2,143 3,599 5,078 6,181 7,282
EBITDA 1 -310.4 -580.3 -290.2 -3.966 917.2 1,694 2,172 2,718
EBIT 1 -314.4 -679.3 -392.3 -20.61 892.8 1,639 2,184 2,791
Net income 1 -368.1 -669.1 -272.3 792.7 1,095 1,513 2,067 2,508
Net Debt 1 -2,105 -754.3 -2,942 -3,247 -2,920 -4,565 -6,611 -8,392
Reference price 2 315.30 348.30 343.50 600.00 716.80 694.20 694.20 694.20
Nbr of stocks (in thousands) 51,668 55,324 59,079 60,368 61,200 62,188 - -
Announcement Date 03/03/22 02/03/23 29/02/24 27/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.71x7.6x22.79x0.06% 50.39B
17.05x5.19x11.35x1.74% 46.03B
-43.01x14.38x-39.04x-.--% 25.06B
-18.29x3.39x-6.18x-.--% 23.26B
21.35x4.22x10.94x-.--% 17.24B
22.89x4.47x14.74x-.--% 16.15B
769.56x18.13x98.99x-.--% 14.56B
-15.7x4028.17x-19.97x-.--% 14.08B
-438.46x31.36x-1963.9x-.--% 12.94B
16.18x4.65x10.9x-.--% 12.84B
Average 36.13x 412.16x -185.94x 0.18% 23.26B
Weighted average by Cap. 30.24x 252.19x -99.53x 0.36%

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