Company Valuation: Intuitive Surgical, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 128,355 93,771 118,775 185,911 200,772 175,033 - -
Change - -26.94% 26.67% 56.52% 7.99% -12.82% - -
Enterprise Value (EV) 1 127,064 92,189 116,025 183,884 197,404 166,595 162,909 158,361
Change - -27.45% 25.85% 58.49% 7.35% -15.61% -2.21% -2.79%
P/E ratio 77.1x 72.7x 67.1x 81.3x 72x 55.8x 48.3x 40.9x
PBR 10.8x 8.41x 9.06x 11.5x 11.3x 8.05x 6.74x 5.63x
PEG - -3.4x 1.8x 2.9x 3.2x 4.5x 3.1x 2.3x
Capitalization / Revenue 22.5x 15.1x 16.7x 22.3x 19.9x 15.2x 13.4x 11.8x
EV / Revenue 22.3x 14.8x 16.3x 22x 19.6x 14.4x 12.4x 10.7x
EV / EBITDA 48.4x 37.1x 41.5x 52.4x 45.1x 33.6x 28.7x 24.4x
EV / EBIT 54.9x 42.9x 48.4x 60x 52.5x 38.7x 32.6x 27.6x
EV / FCF 73.2x 96.2x 155x 141x 79.3x 41.3x 37.3x 31x
FCF Yield 1.37% 1.04% 0.65% 0.71% 1.26% 2.42% 2.68% 3.22%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 4.66 3.65 5.03 6.42 7.87 8.836 10.21 12.05
Distribution rate - - - - - - - -
Net sales 1 5,710 6,222 7,124 8,352 10,065 11,531 13,094 14,854
EBITDA 1 2,625 2,487 2,799 3,512 4,375 4,956 5,673 6,487
EBIT 1 2,315 2,149 2,397 3,067 3,760 4,308 4,993 5,746
Net income 1 1,705 1,322 1,798 2,323 2,856 3,226 3,720 4,292
Net Debt 1 -1,291 -1,581 -2,750 -2,027 -3,368 -8,438 -12,124 -16,672
Reference price 2 359.30 265.35 337.36 521.96 566.36 492.87 492.87 492.87
Nbr of stocks (in thousands) 357,237 353,385 352,072 356,179 354,496 355,130 - -
Announcement Date 1/20/22 1/24/23 1/23/24 1/23/25 1/22/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
54.99x14.23x33.11x-.--% 173B
25.64x4.51x17.66x0.37% 186B
30.5x5.78x18.1x0.68% 138B
28.57x4.92x15.9x-.--% 104B
20.16x2.35x11.69x2.63% 51.95B
29.77x6.79x21.82x-.--% 49.82B
23.35x6.16x15.82x0.98% 35.84B
15.04x1.72x9.28x0.22% 33.15B
22.14x4.54x15.74x0.88% 32.62B
22.77x5.78x16.47x2.91% 31.72B
Average 27.29x 5.68x 17.56x 0.87% 83.53B
Weighted average by Cap. 32.01x 6.79x 20.05x 0.55%

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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