Company Valuation: IonQ, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,215 689.9 2,536 9,039 15,897 17,221 - -
Change - -78.54% 267.65% 256.37% 75.87% 8.33% - -
Enterprise Value (EV) 1 2,692 649.5 2,181 8,698 13,504 14,869 15,477 16,097
Change - -75.87% 235.75% 298.85% 55.25% 10.11% 4.09% 4%
P/E -21.7x -13.8x -15.9x -26.8x -24.7x -8.88x -15.2x -17.3x
PBR - 1.2x 5.28x 24.1x 4.28x 5.51x 6.79x 8.44x
PEG - 0.2x -0x -0x -1.5x -0x 0.4x 1.5x
Capitalization / Revenue 1,531x 62x 115x 210x 122x 60x 42.3x 22.2x
EV / Revenue 1,283x 58.4x 98.9x 202x 104x 51.8x 38x 20.7x
EV / EBITDA -95.1x -13.3x -28.1x -81.1x -72.3x -36.4x -37.3x -49.2x
EV / EBIT -69.6x -7.58x -13.8x -37.4x -21.3x -17.1x -16.4x -19x
EV / FCF - -12x -23.6x -70.3x -45.1x -28.9x -21.2x -18.2x
FCF Yield - -8.32% -4.24% -1.42% -2.22% -3.46% -4.72% -5.49%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.77 -0.25 -0.78 -1.56 -1.82 -5.088 -2.967 -2.617
Distribution rate - - - - - - - -
Net sales 1 2.099 11.13 22.04 43.07 130 287.2 407.6 777.5
EBITDA 1 -28.3 -48.68 -77.72 -107.2 -186.8 -408.1 -414.9 -327.1
EBIT 1 -38.69 -85.75 -157.8 -232.5 -633.7 -871.8 -942 -848.2
Net income 1 -106.2 -48.51 -157.8 -331.6 -510.4 -1,632 -1,097 -967.6
Net Debt 1 -522.5 -40.32 -355.4 -340.3 -2,392 -2,352 -1,744 -1,124
Reference price 2 16.70 3.45 12.39 41.77 44.87 45.20 45.20 45.20
Nbr of stocks (in thousands) 192,487 199,959 204,705 216,392 354,280 381,002 - -
Announcement Date 28/03/22 30/03/23 28/02/24 26/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-8.88x51.78x-36.44x-.--% 17.22B
Average -8.88x 51.78x -36.44x 0% 17.22B
Weighted average by Cap. -8.88x 51.78x -36.44x 0%

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