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 94,810 124,862 126,687 - -
Change - 11.72% -26.77% -32.65% 31.7% 1.46% - -
Enterprise Value (EV) 1 152,725 169,905 112,635 73,709 114,029 145,880 137,712 124,909
Change - 11.25% -33.71% -34.56% 54.7% 27.93% -5.6% -9.3%
P/E 57.8x 35.2x 32.6x 12.3x 20.9x 26.8x 18.9x 12.7x
PBR 7.82x 7.07x 4.5x 2.68x 3.47x 3.16x 2.7x 2.24x
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 4.37x 3.75x 3.11x
EV / Revenue 18x 11.6x 6.84x 3.42x 4.85x 5.04x 4.08x 3.07x
EV / EBITDA 46.8x 25.3x 20.1x 10.4x 15.9x 16.8x 11x 7.3x
EV / EBIT 50.6x 26.7x 21.2x 10.5x 17x 18.9x 13.6x 8.8x
EV / FCF 77.3x 47.3x 16.1x 9.72x 15.7x 27.1x 17.9x 10.3x
FCF Yield 1.29% 2.12% 6.23% 10.3% 6.36% 3.69% 5.58% 9.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 45.54 83.65 66.02 121.4 97.08 79.06 112.6 167.1
Distribution rate - - - - - - - -
Net sales 1 8,482 14,595 16,474 21,526 23,497 28,969 33,740 40,705
EBITDA 1 3,266 6,719 5,616 7,116 7,175 8,708 12,491 17,108
EBIT 1 3,018 6,357 5,321 7,003 6,727 7,730 10,139 14,191
Net income 1 3,008 5,522 4,352 7,844 6,083 4,928 7,171 10,641
Net Debt 1 -19,338 -22,324 -28,135 -21,101 -10,833 19,193 11,025 -1,777
Reference price 2 2,630.00 2,941.00 2,155.00 1,492.50 2,027.00 2,122.00 2,122.00 2,122.00
Nbr of stocks (in thousands) 65,423 65,362 65,322 63,524 61,599 59,702 - -
Announcement Date 2/16/22 2/22/23 2/14/24 2/12/25 2/17/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.59x7.25x14.66x1.42% 69.54B
36.89x9.62x29.41x0.04% 64.97B
30.69x6.58x17.2x-.--% 26.51B
-72.56x13.98x-67.43x-.--% 25.89B
-15.61x5.94x-7.46x-.--% 25.64B
58.27x21.67x43.95x0.26% 20.22B
27.27x5.11x16.98x-.--% 19.98B
1415.29x39.34x858.54x-.--% 15.69B
16.84x5x11.66x-.--% 13.49B
Average 168.63x 12.72x 101.95x 0.19% 31.33B
Weighted average by Cap. 94.04x 10.79x 57.82x 0.38%

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