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 74,127 104,849 103,707 115,026 133,505 - -
Change - 32.76% 41.44% -1.09% 10.91% 16.07% - -
Enterprise Value (EV) 1 48,309 63,349 93,630 97,591 108,418 127,963 123,926 120,926
Change - 31.13% 47.8% 4.23% 11.09% 18.03% -3.15% -2.42%
P/E 24.4x 22.5x 29.3x -194x 29.6x 54.1x 28.5x 24.1x
PBR 5.53x 5.33x 5.96x 6.4x 6.17x 8.55x 6.78x 5.5x
PEG - 0.5x 3.51x 2x -0x -1.5x 0.3x 1.3x
Capitalization / Revenue 7.37x 8.3x 10.6x 9.41x 9.58x 10.1x 9.18x 8.12x
EV / Revenue 6.38x 7.09x 9.49x 8.86x 9.03x 9.66x 8.52x 7.36x
EV / EBITDA 10.8x 12.8x 20.6x 108x 19.8x 33.1x 20x 17.6x
EV / EBIT 11.1x 13.2x 21.4x 140x 20.6x 26.6x 20.6x 17.4x
EV / FCF 20.1x 16.1x 28.1x -123x 33.9x 70.9x 26.5x 23.9x
FCF Yield 4.99% 6.2% 3.56% -0.81% 2.95% 1.41% 3.77% 4.18%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.01 12.82 13.89 -2.08 15.32 9.731 18.46 21.86
Distribution rate - - - - - - - -
Net sales 1 7,574 8,931 9,869 11,020 12,001 13,248 14,551 16,439
EBITDA 1 4,470 4,941 4,556 902.8 5,473 3,864 6,205 6,860
EBIT 1 4,344 4,793 4,375 695.6 5,263 4,802 6,007 6,942
Net income 1 2,342 3,322 3,620 -535.6 3,953 2,535 4,836 5,698
Net Debt 1 -7,525 -10,778 -11,218 -6,116 -6,608 -5,542 -9,579 -12,580
Reference price 2 219.60 288.78 406.89 402.70 453.36 526.73 526.73 526.73
Nbr of stocks (in thousands) 254,252 256,691 257,683 257,529 253,719 253,461 - -
Announcement Date 26/1/22 7/2/23 5/2/24 10/2/25 12/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
54.13x9.66x33.12x-.--% 134B
33.68x12.2x24.79x0.59% 1,056B
29.76x6.61x18.5x2% 645B
33.32x7.79x16.11x2.63% 465B
108.6x6.05x25.67x2.29% 368B
19.01x4.64x11.49x2.87% 335B
20.51x5.32x13.17x3.01% 275B
20.92x4.34x12.36x2.04% 255B
26.76x6.95x12.37x2.38% 229B
-45.76x6.66x26x2.18% 188B
Average 30.09x 7.02x 19.36x 2% 394.93B
Weighted average by Cap. 33.52x 7.91x 19.70x 1.83%

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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