Company Valuation: IonQ, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,215 689.9 2,536 9,039 15,897 10,556 - -
Change - -78.54% 267.65% 256.37% 75.87% -33.6% - -
Enterprise Value (EV) 1 2,692 649.5 2,181 8,698 13,504 8,121 8,310 8,626
Change - -75.87% 235.75% 298.85% 55.25% -39.86% 2.32% 3.8%
P/E ratio -21.7x -13.8x -15.9x -26.8x -24.7x -13.8x -13.6x -15x
PBR - 1.2x 5.28x 24.1x 4.28x 2.89x 3.14x 3.43x
PEG - 0.2x -0x -0x -1.5x -1x -6.99x 1.52x
Capitalization / Revenue 1,531x 62x 115x 210x 122x 44.9x 29.2x 17.6x
EV / Revenue 1,283x 58.4x 98.9x 202x 104x 34.6x 23x 14.4x
EV / EBITDA -95.1x -13.3x -28.1x -81.1x -72.3x -25.3x -27.6x -36.2x
EV / EBIT -69.6x -7.58x -13.8x -37.4x -21.3x -10.3x -10.2x -12.2x
EV / FCF - -12x -23.6x -70.3x -45.1x -23.7x -22.3x -41.5x
FCF Yield - -8.32% -4.24% -1.42% -2.22% -4.21% -4.48% -2.41%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.77 -0.25 -0.78 -1.56 -1.82 -2.082 -2.123 -1.913
Distribution rate - - - - - - - -
Net sales 1 2.099 11.13 22.04 43.07 130 235 361.7 599.8
EBITDA 1 -28.3 -48.68 -77.72 -107.2 -186.8 -321 -301.6 -238.6
EBIT 1 -38.69 -85.75 -157.8 -232.5 -633.7 -789.5 -816.4 -708.1
Net income 1 -106.2 -48.51 -157.8 -331.6 -510.4 -736.6 -762.1 -735.5
Net Debt 1 -522.5 -40.32 -355.4 -340.3 -2,392 -2,434 -2,246 -1,930
Reference price 2 16.70 3.45 12.39 41.77 44.87 28.79 28.79 28.79
Nbr of stocks (in thousands) 192,487 199,959 204,705 216,392 354,280 366,641 - -
Announcement Date 3/28/22 3/30/23 2/28/24 2/26/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

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