Company Valuation: DexCom, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 52,042 43,740 47,945 30,377 25,885 33,653 - -
Change - -15.95% 9.61% -36.64% -14.79% 30.01% - -
Enterprise Value (EV) 1 52,692 45,068 49,813 31,073 26,209 32,892 32,592 31,777
Change - -14.47% 10.53% -37.62% -15.65% 25.5% -0.91% -2.5%
P/E 346x 138x 95.5x 54.8x 31.8x 35.7x 30x 24.8x
PBR 23.1x 20.5x 23.1x 15.1x 9.3x 11.8x 9.87x 7.59x
PEG - 1x 1.6x 5.94x 0.7x 1.8x 1.6x 1.2x
Capitalization / Revenue 21.3x 15x 13.2x 7.53x 5.55x 6.43x 5.8x 5.21x
EV / Revenue 21.5x 15.5x 13.8x 7.7x 5.62x 6.29x 5.62x 4.92x
EV / EBITDA 111x 60x 49.1x 28.1x 19.4x 19.7x 17x 14.3x
EV / EBIT 142x 92.9x 69.3x 41x 27x 26.4x 22.5x 18.5x
EV / FCF 989x 148x 97.3x 49.3x 24.3x 32.2x 26.7x 21.6x
FCF Yield 0.1% 0.68% 1.03% 2.03% 4.11% 3.11% 3.75% 4.62%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.3875 0.82 1.3 1.42 2.09 2.495 2.969 3.596
Distribution rate - - - - - - - -
Net sales 1 2,448 2,910 3,622 4,033 4,662 5,230 5,800 6,461
EBITDA 1 472.7 751.6 1,014 1,105 1,349 1,666 1,921 2,218
EBIT 1 370.7 485.1 718.6 757.1 969.3 1,247 1,447 1,722
Net income 1 154.7 341.2 541.5 576.2 836.3 974.4 1,149 1,409
Net Debt 1 650.1 1,328 1,868 695.9 323.2 -761.1 -1,061 -1,877
Reference price 2 134.24 113.24 124.09 77.77 66.37 89.18 89.18 89.18
Nbr of stocks (in thousands) 387,688 386,258 386,374 390,595 390,016 377,361 - -
Announcement Date 10/02/22 09/02/23 08/02/24 13/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.07x4.01x15.51x2.51% 178B
19.49x3.56x12.71x3.06% 118B
16.91x0.2x12.41x0.77% 58.92B
34.87x3.38x11.58x2.17% 49.29B
27.56x6.78x17.54x1.45% 48.17B
35.82x6.3x19.78x-.--% 33.72B
40.85x1.21x11.23x0.23% 27.76B
42.25x7.41x26.57x0.25% 25.5B
50.52x6.81x21.88x0.42% 22.1B
Average 33.04x 4.41x 16.58x 1.21% 62.32B
Weighted average by Cap. 28.59x 3.96x 15.23x 1.87%

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

-40%: Exceptional extension
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