Company Valuation: argenx SE

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 11,400 16,291 19,269 20,293 36,221 28,513 - -
Change - 42.9% 18.28% 5.32% 78.48% -21.28% - -
Enterprise Value (EV) 1 9,781 14,186 18,515 17,352 32,974 25,567 24,447 23,016
Change - 45.03% 30.52% -6.28% 90.03% -22.46% -4.38% -5.86%
P/E ratio -20.8x -43.8x -28.3x -72.1x 48.9x 47.5x 26.8x 18.1x
PBR 8.44x 7.1x - 5.39x 7.4x 5.13x 4.17x 3.35x
PEG - 1.1x -0.4x 1.2x -0x -2.4x 0.3x 0.4x
Capitalization / Revenue 209x 33.5x 45.9x 17.3x 16.9x 8.99x 6.94x 5.65x
EV / Revenue 179x 29.2x 44.1x 14.8x 15.4x 8.06x 5.95x 4.56x
EV / EBITDA -23.6x -45.7x -31.9x -59.8x -2,381x 35.9x 18.9x 13x
EV / EBIT -23.4x -45.1x -27.3x -44.2x -1,600x 37.2x 19.8x 12.2x
EV / FCF -28.2x -25.7x -22.8x -40.4x -227x 51.9x 17x 12.2x
FCF Yield -3.55% -3.9% -4.39% -2.47% -0.44% 1.93% 5.89% 8.17%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -11.65 -7.203 -12.31 -4.763 12.28 9.801 17.41 25.75
Distribution rate - - - - - - - -
Net sales 1 54.53 486.3 419.9 1,171 2,143 3,171 4,110 5,046
EBITDA 1 -414.3 -310.4 -580.3 -290.2 -13.85 712.4 1,293 1,773
EBIT 1 -417.8 -314.4 -679.3 -392.3 -20.61 688.2 1,233 1,888
Net income 1 -528.9 -368.1 -669.1 -272.3 792.7 715.2 1,162 1,775
Net Debt 1 -1,619 -2,105 -754.3 -2,942 -3,247 -2,946 -4,066 -5,497
Reference price 2 242.00 315.30 348.30 343.50 600.00 465.90 465.90 465.90
Nbr of stocks (in thousands) 47,108 51,668 55,324 59,079 60,368 61,200 - -
Announcement Date 04/03/21 03/03/22 02/03/23 29/02/24 27/02/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
47.53x8.06x35.89x-.--% 33.45B
18.22x3.54x10.57x0.53% 56.86B
17.11x4.21x11.48x1.69% 27.87B
-23.26x5.74x-9.34x-.--% 27.1B
-18.2x40.62x-19.98x-.--% 18.42B
-52.36x - -52.6x-.--% 16.79B
23.73x4.15x12.05x-.--% 12.98B
2026.06x26.15x298.85x-.--% 12.92B
12.7x2.42x6.92x-.--% 12.66B
19.23x4.61x13.26x-.--% 12.04B
Average 207.08x 11.05x 30.71x 0.22% 23.11B
Weighted average by Cap. 121.75x 9.19x 21.13x 0.33%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield