Company Valuation: Vertex Pharmaceuticals Incorporated

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 55,834 74,127 104,849 103,707 115,026 138,783 - -
Change - 32.76% 41.44% -1.09% 10.91% 20.65% - -
Enterprise Value (EV) 1 48,309 63,349 93,630 97,591 108,418 123,106 119,681 113,585
Change - 31.13% 47.8% 4.23% 11.09% 13.55% -2.78% -5.09%
P/E 24.4x 22.5x 29.3x -194x 29.6x 32.3x 26.4x 21.9x
PBR 5.53x 5.33x 5.96x 6.4x 6.17x 6.18x 5.13x 4.23x
PEG - 0.5x 3.51x 2x -0x 3x 1.2x 1.1x
Capitalization / Revenue 7.37x 8.3x 10.6x 9.41x 9.58x 10.5x 9.49x 8.46x
EV / Revenue 6.38x 7.09x 9.49x 8.86x 9.03x 9.33x 8.19x 6.93x
EV / EBITDA 10.8x 12.8x 20.6x 108x 19.8x 21.1x 17.4x 14.3x
EV / EBIT 11.1x 13.2x 21.4x 140x 20.6x 22x 18.2x 14.5x
EV / FCF 20.1x 16.1x 28.1x -123x 33.9x 27.7x 21.2x 15.2x
FCF Yield 4.99% 6.2% 3.56% -0.81% 2.95% 3.61% 4.72% 6.56%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.01 12.82 13.89 -2.08 15.32 16.96 20.73 25.05
Distribution rate - - - - - - - -
Net sales 1 7,574 8,931 9,869 11,020 12,001 13,195 14,619 16,399
EBITDA 1 4,470 4,941 4,556 902.8 5,473 5,837 6,866 7,956
EBIT 1 4,344 4,793 4,375 695.6 5,263 5,597 6,574 7,821
Net income 1 2,342 3,322 3,620 -535.6 3,953 4,306 5,228 6,392
Net Debt 1 -7,525 -10,778 -11,218 -6,116 -6,608 -15,676 -19,102 -25,197
Reference price 2 219.60 288.78 406.89 402.70 453.36 547.55 547.55 547.55
Nbr of stocks (in thousands) 254,252 256,691 257,683 257,529 253,719 253,461 - -
Announcement Date 1/26/22 2/7/23 2/5/24 2/10/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.29x9.33x21.09x-.--% 139B
33.48x12.15x24.63x0.59% 1,048B
29.56x - - 2.02% 640B
32.95x7.64x15.89x2.66% 456B
20.28x4.82x11.94x2.74% 362B
22.04x5.68x14.08x2.82% 295B
21.17x4.34x12.4x2.03% 255B
27.64x7.13x12.67x2.31% 236B
13.24x4.76x9.94x3.83% 204B
-45.49x6.56x25.62x2.21% 185B
Average 18.72x 6.94x 16.47x 2.12% 382.04B
Weighted average by Cap. 24.50x 8.15x 18.05x 1.88%

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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