Company Valuation: Genmab A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 172,063 192,229 140,770 94,810 124,862 101,848 - -
Change - 11.72% -26.77% -32.65% 31.7% -18.43% - -
Enterprise Value (EV) 1 152,725 169,905 112,635 73,709 114,029 121,804 110,977 100,083
Change - 11.25% -33.71% -34.56% 54.7% 6.82% -8.89% -9.82%
P/E ratio 57.8x 35.2x 32.6x 12.3x 20.9x 22.6x 15.3x 9.72x
PBR 7.82x 7.07x 4.5x 2.68x 3.47x 2.52x 2.16x 1.78x
PEG - 0.4x -1.5x 0.1x -1x -0.9x 0.3x 0.2x
Capitalization / Revenue 20.3x 13.2x 8.54x 4.4x 5.31x 3.71x 3.15x 2.55x
EV / Revenue 18x 11.6x 6.84x 3.42x 4.85x 4.44x 3.43x 2.51x
EV / EBITDA 46.8x 25.3x 20.1x 10.4x 15.9x 14.6x 9.68x 6.09x
EV / EBIT 50.6x 26.7x 21.2x 10.5x 17x 16.4x 11.4x 6.91x
EV / FCF 77.3x 47.3x 16.1x 9.72x 15.7x 19.9x 11.9x 6.48x
FCF Yield 1.29% 2.12% 6.23% 10.3% 6.36% 5.02% 8.41% 15.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 45.54 83.65 66.02 121.4 97.08 73.46 108.2 170.7
Distribution rate - - - - - - - -
Net sales 1 8,482 14,595 16,474 21,526 23,497 27,464 32,351 39,884
EBITDA 1 3,266 6,719 5,616 7,116 7,175 8,334 11,464 16,423
EBIT 1 3,018 6,357 5,321 7,003 6,727 7,413 9,752 14,485
Net income 1 3,008 5,522 4,352 7,844 6,083 4,607 7,026 10,962
Net Debt 1 -19,338 -22,324 -28,135 -21,101 -10,833 19,956 9,129 -1,764
Reference price 2 2,630.00 2,941.00 2,155.00 1,492.50 2,027.00 1,659.00 1,659.00 1,659.00
Nbr of stocks (in thousands) 65,423 65,362 65,322 63,524 61,599 61,391 - -
Announcement Date 16/02/22 22/02/23 14/02/24 12/02/25 17/02/26 - - -
1DKK in Million2DKK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.82x4.44x14.61x-.--% 16.06B
28.75x7.55x22.58x-.--% 50.65B
18x5.52x12.07x1.65% 48.58B
-17.95x3.48x-6.34x-.--% 23.6B
-38.59x12.9x-34.98x-.--% 22.52B
21.67x4.28x11.11x-.--% 17.47B
817.74x19.27x105.56x-.--% 15.45B
-15.63x4112.17x-19.09x-.--% 14.48B
-452.98x32.5x-2035.42x-.--% 13.38B
15.74x4.52x10.59x-.--% 12.49B
Average 39.96x 420.66x -191.93x 0.17% 23.47B
Weighted average by Cap. 35.47x 262.12x -104.50x 0.34%

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