Company Valuation: Zai Lab Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,059 2,946 2,688 2,853 1,962 2,726 - -
Change - -51.37% -8.77% 6.15% -31.23% 38.96% - -
Enterprise Value (EV) 1 4,650 1,938 1,897 2,095 1,397 2,217 2,278 2,421
Change - -58.33% -2.13% 10.47% -33.34% 58.76% 2.72% 6.3%
P/E -8.29x -6.63x -7.9x -10.1x -11x -9.78x -10x -15.2x
PBR 4.35x - 3.34x 3.36x 2.73x 4.41x 5.88x 5.32x
PEG - 0.2x 0.3x 0.4x 0.3x -0.2x 4.58x 0.4x
Capitalization / Revenue 42x 13.7x 10.1x 7.15x 4.26x 6.31x 4.98x 3.83x
EV / Revenue 32.2x 9.01x 7.11x 5.25x 3.04x 5.14x 4.16x 3.4x
EV / EBITDA -6.7x -4.89x -5.3x -7.75x -6.51x -7.83x -9.53x -17.5x
EV / EBIT -6.64x -4.79x -5.17x -7.43x -6.09x -7.77x -9.63x -14.6x
EV / FCF -8.19x -4.94x -9.23x -9.5x -8.5x -12.6x -12.7x -19.8x
FCF Yield -12.2% -20.2% -10.8% -10.5% -11.8% -7.92% -7.84% -5.04%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -7.58 -4.63 -3.46 -2.6 -1.6 -2.245 -2.196 -1.447
Distribution rate - - - - - - - -
Net sales 1 144.3 215 266.7 399 460.2 431.8 547.2 712.1
EBITDA 1 -693.6 -396.1 -357.5 -270.3 -214.4 -283.2 -239 -138.7
EBIT 1 -700.1 -404.4 -366.6 -282.1 -229.4 -285.3 -236.4 -165.4
Net income 1 -704.5 -443.3 -334.6 -257.1 -175.5 -244.1 -219.6 -157.7
Net Debt 1 -1,409 -1,008 -791.3 -757.9 -565.3 -508.9 -448.5 -305.1
Reference price 2 62.85 30.70 27.33 26.19 17.64 21.96 21.96 21.96
Nbr of stocks (in thousands) 96,409 95,972 98,349 108,937 111,219 124,145 - -
Announcement Date 01/03/22 01/03/23 27/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-9.78x5.14x-7.83x-.--% 2.73B
41.24x13.94x30.97x0.48% 1,255B
38.96x6.55x18.42x2.01% 641B
36.79x8.37x17.26x2.42% 505B
21.08x5.12x12.75x2.56% 381B
95.75x5.88x25.02x2.35% 357B
22.88x5.88x14.19x2.73% 303B
24.26x4.85x13.68x1.8% 286B
29.25x7.46x13.36x2.19% 249B
-40.09x7.32x45.96x1.97% 208B
Average 26.03x 7.05x 18.38x 1.85% 418.8B
Weighted average by Cap. 35.90x 8.72x 22.51x 1.73%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Zai Lab Limited

Historical PBR trend

Valuation ratios - PBR - Zai Lab Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Zai Lab Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Zai Lab Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Zai Lab Limited
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