Company Valuation: DexCom, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 52,042 43,740 47,945 30,377 25,885 28,994 - -
Change - -15.95% 9.61% -36.64% -14.79% 12.01% - -
Enterprise Value (EV) 1 52,692 45,068 49,813 31,073 26,209 28,491 27,659 26,692
Change - -14.47% 10.53% -37.62% -15.65% 8.71% -2.92% -3.5%
P/E 346x 138x 95.5x 54.8x 31.8x 30.5x 25.6x 21.2x
PBR 23.1x 20.5x 23.1x 15.1x 9.3x 9.32x 7.46x 5.67x
PEG - 1x 1.6x 5.94x 0.7x 1.7x 1.3x 1x
Capitalization / Revenue 21.3x 15x 13.2x 7.53x 5.55x 5.55x 4.98x 4.46x
EV / Revenue 21.5x 15.5x 13.8x 7.7x 5.62x 5.45x 4.75x 4.11x
EV / EBITDA 111x 60x 49.1x 28.1x 19.4x 17.4x 14.5x 12.1x
EV / EBIT 142x 92.9x 69.3x 41x 27x 23.5x 19.2x 15.5x
EV / FCF 989x 148x 97.3x 49.3x 24.3x 28.7x 22.3x 17.6x
FCF Yield 0.1% 0.68% 1.03% 2.03% 4.11% 3.49% 4.49% 5.68%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.3875 0.82 1.3 1.42 2.09 2.462 2.938 3.537
Distribution rate - - - - - - - -
Net sales 1 2,448 2,910 3,622 4,033 4,662 5,224 5,824 6,498
EBITDA 1 472.7 751.6 1,014 1,105 1,349 1,641 1,914 2,207
EBIT 1 370.7 485.1 718.6 757.1 969.3 1,212 1,438 1,723
Net income 1 154.7 341.2 541.5 576.2 836.3 963.1 1,163 1,393
Net Debt 1 650.1 1,328 1,868 695.9 323.2 -504 -1,336 -2,303
Reference price 2 134.24 113.24 124.09 77.77 66.37 75.14 75.14 75.14
Nbr of stocks (in thousands) 387,688 386,258 386,374 390,595 390,016 385,873 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/13/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.92x4.2x16.3x2.39% 187B
19.84x3.45x12.15x3.4% 112B
17.72x0.2x12.49x0.74% 61.99B
29.98x7.26x18.97x1.34% 48.52B
36.67x3.26x11.11x2.33% 46.4B
38.42x1.4x12.29x0.2% 33.89B
39.35x6.89x24.68x0.27% 23.75B
25x3.79x13.27x1.11% 22.89B
20.89x2.89x11.15x1.51% 21.45B
Average 28.76x 3.70x 14.71x 1.48% 61.98B
Weighted average by Cap. 27.81x 3.67x 14.63x 2%

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