Company Valuation: Genmab A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 172,063 192,229 140,770 94,810 124,862 125,006 - -
Change - 11.72% -26.77% -32.65% 31.7% 0.12% - -
Enterprise Value (EV) 1 152,725 169,905 112,635 73,709 114,029 144,178 136,015 123,218
Change - 11.25% -33.71% -34.56% 54.7% 26.44% -5.66% -9.41%
P/E 57.8x 35.2x 32.6x 12.3x 20.9x 26.5x 18.6x 12.5x
PBR 7.82x 7.07x 4.5x 2.68x 3.47x 3.12x 2.66x 2.2x
PEG - 0.4x -1.5x 0.1x -1x -1.4x 0.4x 0.3x
Capitalization / Revenue 20.3x 13.2x 8.54x 4.4x 5.31x 4.32x 3.71x 3.07x
EV / Revenue 18x 11.6x 6.84x 3.42x 4.85x 4.98x 4.03x 3.02x
EV / EBITDA 46.8x 25.3x 20.1x 10.4x 15.9x 16.6x 10.9x 7.18x
EV / EBIT 50.6x 26.7x 21.2x 10.5x 17x 18.7x 13.4x 8.66x
EV / FCF 77.3x 47.3x 16.1x 9.72x 15.7x 24.1x 17.7x 10.4x
FCF Yield 1.29% 2.12% 6.23% 10.3% 6.36% 4.15% 5.64% 9.66%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 45.54 83.65 66.02 121.4 97.08 79.08 112.4 167.5
Distribution rate - - - - - - - -
Net sales 1 8,482 14,595 16,474 21,526 23,497 28,951 33,716 40,736
EBITDA 1 3,266 6,719 5,616 7,116 7,175 8,705 12,462 17,161
EBIT 1 3,018 6,357 5,321 7,003 6,727 7,726 10,124 14,222
Net income 1 3,008 5,522 4,352 7,844 6,083 4,929 7,163 10,665
Net Debt 1 -19,338 -22,324 -28,135 -21,101 -10,833 19,173 11,009 -1,788
Reference price 2 2,630.00 2,941.00 2,155.00 1,492.50 2,027.00 2,092.00 2,092.00 2,092.00
Nbr of stocks (in thousands) 65,423 65,362 65,322 63,524 61,599 59,754 - -
Announcement Date 16/2/22 22/2/23 14/2/24 12/2/25 17/2/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.64x6.93x13.92x1.51% 66.93B
31.94x9.24x44.54x0.04% 61.97B
-79.21x15.29x-73.77x-.--% 28.26B
28.46x6.03x15.64x-.--% 24.59B
-14.63x5.3x-6.66x-.--% 24.3B
26.45x4.98x16.56x-.--% 19.41B
48.28x17.79x36.09x0.31% 16.77B
1225.47x35.26x769.42x-.--% 14.18B
-15x3382.33x-17.29x-.--% 14B
Average 141.27x 387.02x 88.72x 0.21% 30.05B
Weighted average by Cap. 73.54x 184.88x 49.64x 0.4%

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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