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 16,313 - -
Change - -78.54% 267.65% 256.37% 75.87% 2.62% - -
Enterprise Value (EV) 1 2,692 649.5 2,181 8,698 13,504 13,961 14,569 15,189
Change - -75.87% 235.75% 298.85% 55.25% 3.38% 4.35% 4.25%
P/E -21.7x -13.8x -15.9x -26.8x -24.7x -11x -13.8x -15.7x
PBR - 1.2x 5.28x 24.1x 4.28x 5.01x 6.17x 7.67x
PEG - 0.2x -0x -0x -1.5x -0x 0.7x 1.3x
Capitalization / Revenue 1,531x 62x 115x 210x 122x 56.8x 40x 21x
EV / Revenue 1,283x 58.4x 98.9x 202x 104x 48.6x 35.7x 19.5x
EV / EBITDA -95.1x -13.3x -28.1x -81.1x -72.3x -34.2x -35.1x -46.4x
EV / EBIT -69.6x -7.58x -13.8x -37.4x -21.3x -16x -15.5x -17.9x
EV / FCF - -12x -23.6x -70.3x -45.1x -27.1x -19.9x -17.2x
FCF Yield - -8.32% -4.24% -1.42% -2.22% -3.69% -5.02% -5.82%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.77 -0.25 -0.78 -1.56 -1.82 -3.728 -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 41.06 41.06 41.06
Nbr of stocks (in thousands) 192,487 199,959 204,705 216,392 354,280 397,297 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-8.07x48.62x-34.21x-.--% 16.31B
Average -8.07x 48.62x -34.21x 0% 16.31B
Weighted average by Cap. -8.07x 48.62x -34.21x 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