Company Valuation: Vertex Pharmaceuticals Incorporated

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 55,834 74,127 104,849 103,707 115,026 141,421 - -
Change - 32.76% 41.44% -1.09% 10.91% 22.95% - -
Enterprise Value (EV) 1 48,309 63,349 93,630 97,591 108,418 130,786 125,635 119,844
Change - 31.13% 47.8% 4.23% 11.09% 20.63% -3.94% -4.61%
P/E 24.4x 22.5x 29.3x -194x 29.6x 32.9x 26.9x 22.3x
PBR 5.53x 5.33x 5.96x 6.4x 6.17x 7.39x 5.86x 4.75x
PEG - 0.5x 3.51x 2x -0x 3.1x 1.2x 1.1x
Capitalization / Revenue 7.37x 8.3x 10.6x 9.41x 9.58x 10.7x 9.68x 8.62x
EV / Revenue 6.38x 7.09x 9.49x 8.86x 9.03x 9.91x 8.6x 7.3x
EV / EBITDA 10.8x 12.8x 20.6x 108x 19.8x 30.1x 18.7x 15.4x
EV / EBIT 11.1x 13.2x 21.4x 140x 20.6x 27.8x 19.4x 15.6x
EV / FCF 20.1x 16.1x 28.1x -123x 33.9x 29.4x 22.2x 16.1x
FCF Yield 4.99% 6.2% 3.56% -0.81% 2.95% 3.4% 4.5% 6.22%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.01 12.82 13.89 -2.08 15.32 16.96 20.73 25.05
Distribution rate - - - - - - - -
Net sales 1 7,574 8,931 9,869 11,020 12,001 13,193 14,609 16,413
EBITDA 1 4,470 4,941 4,556 902.8 5,473 4,349 6,703 7,782
EBIT 1 4,344 4,793 4,375 695.6 5,263 4,700 6,481 7,692
Net income 1 2,342 3,322 3,620 -535.6 3,953 4,306 5,228 6,392
Net Debt 1 -7,525 -10,778 -11,218 -6,116 -6,608 -10,635 -15,786 -21,577
Reference price 2 219.60 288.78 406.89 402.70 453.36 557.96 557.96 557.96
Nbr of stocks (in thousands) 254,252 256,691 257,683 257,529 253,719 253,461 - -
Announcement Date 26/01/22 07/02/23 05/02/24 10/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.9x9.91x30.08x-.--% 141B
33.01x11.99x24.31x0.6% 1,034B
30.97x - - 1.93% 671B
33.21x7.7x16x2.64% 460B
19.86x4.73x11.71x2.8% 353B
23.09x5.93x14.7x2.69% 309B
21.15x4.34x12.39x2.03% 255B
28.09x7.23x12.82x2.27% 240B
13.44x4.86x10.14x3.75% 207B
-46.21x6.66x25.99x2.18% 188B
Average 18.95x 7.04x 17.57x 2.09% 385.82B
Weighted average by Cap. 24.69x 8.14x 18.40x 1.86%

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

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