Company Valuation: Novavax, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 10,817 883.9 570.2 1,288 1,092 1,611 - -
Change - -91.83% -35.49% 125.87% -15.21% 47.57% - -
Enterprise Value (EV) 1 9,756 -228.1 169.7 534.5 1,092 1,830 1,915 1,611
Change - -102.34% 174.39% 214.93% 104.32% 67.62% 4.6% -15.84%
P/E ratio -6.1x -1.22x -0.89x -6.54x 2.6x -32x -33.2x 24.7x
PBR -30.9x -1.38x -0.93x -2.07x - -2.82x -2.7x -
PEG - 0x 0x 0.1x -0x 0x 9.36x -0x
Capitalization / Revenue 9.44x 0.45x 0.58x 1.89x 0.97x 4.2x 6.57x 4.75x
EV / Revenue 8.51x -0.12x 0.17x 0.78x 0.97x 4.77x 7.8x 4.75x
EV / EBITDA - 0.37x -0.32x -2.67x - -75.7x -38.9x -35.5x
EV / EBIT -5.78x 0.35x -0.3x -2.15x 1.98x -34.5x -41.4x 28.1x
EV / FCF 36.8x 0.45x -0.22x -5.33x - 15.5x -19.3x 5.95x
FCF Yield 2.72% 221% -452% -18.8% - 6.45% -5.17% 16.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -23.44 -8.42 -5.41 -1.23 2.58 -0.3092 -0.2983 0.4
Distribution rate - - - - - - - -
Net sales 1 1,146 1,982 983.7 682.2 1,123 383.5 245.4 338.9
EBITDA 1 - -615.7 -525.3 -200.4 - -24.18 -49.22 -45.37
EBIT 1 -1,687 -644.7 -566.5 -248.9 550.6 -53.1 -46.24 57.33
Net income 1 -1,744 -657.9 -545.1 -187.5 440.3 -49.28 -49.56 68.93
Net Debt 1 -1,061 -1,112 -400.5 -753.4 - 219 303.2 -
Reference price 2 143.070 10.280 4.800 8.040 6.720 9.890 9.890 9.890
Nbr of stocks (in thousands) 75,608 85,979 118,790 160,185 162,499 162,936 - -
Announcement Date 2/28/22 2/28/23 2/28/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-31.98x4.77x-75.7x-.--% 1.61B
36.78x5.34x17.88x0.93% 47.3B
52.42x10.75x30.08x0.36% 29.54B
53.97x4.64x32.05x-.--% 33.17B
21.57x2.49x10.73x-.--% 29.86B
-13.21x327.03x-11.23x-.--% 20.05B
45.17x8.68x30.55x-.--% 14.82B
21.85x1.99x8.71x1.13% 13.72B
27.25x4.35x19.77x-.--% 13.22B
-19.65x15.36x-21.41x-.--% 13.12B
Average 19.42x 38.54x 4.14x 0.24% 21.64B
Weighted average by Cap. 29.93x 35.94x 15.36x 0.33%

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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