Company Valuation: Axonics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 420.1 940.7 1,987 2,593 3,097 3,153
Change - 123.9% 111.26% 30.46% 19.46% 1.79%
Enterprise Value (EV) 1 286.1 782.4 1,778 2,382 2,749 2,835
Change - 173.45% 127.2% 34.01% 15.4% 3.14%
P/E -3.26x -9.9x -33.6x -30.1x -48.9x -502x
PBR 2.93x 5.17x 6.94x 5.38x 5.43x 4.96x
PEG - 0.2x 0.7x -1.2x 1.6x 5.6x
Capitalization / Revenue 594x 68.1x 17.8x 14.4x 11.3x 8.61x
EV / Revenue 405x 56.6x 15.9x 13.2x 10x 7.74x
EV / EBITDA -9.17x -9.85x -34.2x -40.9x -90.5x 365x
EV / EBIT -8.9x -9.71x -33.1x -35.3x -65.3x -602x
EV / FCF -12.6x -14x -26.9x -118x 60.5x -416x
FCF Yield -7.91% -7.14% -3.72% -0.85% 1.65% -0.24%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -4.642 -2.798 -1.485 -1.859 -1.279 -0.124
Distribution rate - - - - - -
Net sales 1 0.707 13.82 111.5 180.3 273.7 366.4
EBITDA 1 -31.19 -79.41 -52.02 -58.27 -30.36 7.775
EBIT 1 -32.14 -80.6 -53.76 -67.39 -42.08 -4.712
Net income 1 -32.48 -79.94 -54.92 -80.07 -59.7 -6.088
Net Debt 1 -134 -158.3 -209.6 -210.5 -348.1 -317.3
Reference price 2 15.11 27.71 49.92 56.00 62.53 62.23
Nbr of stocks (in thousands) 27,805 33,948 39,809 46,297 49,530 50,662
Announcement Date 05/03/19 04/03/20 01/03/21 01/03/22 01/03/23 29/02/24
1USD in Million2USD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 3.63B
26.05x4.98x17.4x1.09% 127B
19.41x2.44x9.39x2.63% 13.2B
-165.09x14.09x-521.92x-.--% 9.12B
21.56x10.21x16.54x1.99% 4.34B
18.1x4.92x9.61x3.38% 1.68B
233.92x1.2x6.54x - 1.62B
Average 25.66x 6.31x -77.07x 1.82% 22.94B
Weighted average by Cap. 16.31x 5.40x -14.84x 1.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Axonics, Inc.