Company Valuation: Zai Lab Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,059 2,946 2,688 2,853 1,962 2,094 - -
Change - -51.37% -8.77% 6.15% -31.23% 6.75% - -
Enterprise Value (EV) 1 4,650 1,938 1,897 2,095 1,397 1,601 1,723 1,820
Change - -58.33% -2.13% 10.47% -33.34% 14.62% 7.63% 5.64%
P/E -8.29x -6.63x -7.9x -10.1x -11x -8.31x -9.92x -12.7x
PBR 4.35x - 3.34x 3.36x 2.73x 3.97x 4.45x 4.98x
PEG - 0.2x 0.3x 0.4x 0.3x -0.2x 0.6x 0.6x
Capitalization / Revenue 42x 13.7x 10.1x 7.15x 4.26x 4.68x 3.52x 2.79x
EV / Revenue 32.2x 9.01x 7.11x 5.25x 3.04x 3.58x 2.9x 2.42x
EV / EBITDA -6.7x -4.89x -5.3x -7.75x -6.51x -6.5x -10.6x -23.7x
EV / EBIT -6.64x -4.79x -5.17x -7.43x -6.09x -6.14x -9.79x -19.9x
EV / FCF -8.19x -4.94x -9.23x -9.5x -8.5x -9.1x -14.9x -25.9x
FCF Yield -12.2% -20.2% -10.8% -10.5% -11.8% -11% -6.72% -3.86%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -7.58 -4.63 -3.46 -2.6 -1.6 -2.244 -1.88 -1.464
Distribution rate - - - - - - - -
Net sales 1 144.3 215 266.7 399 460.2 447.6 594.6 751.5
EBITDA 1 -693.6 -396.1 -357.5 -270.3 -214.4 -246.2 -163.3 -76.84
EBIT 1 -700.1 -404.4 -366.6 -282.1 -229.4 -260.9 -175.9 -91.43
Net income 1 -704.5 -443.3 -334.6 -257.1 -175.5 -244.1 -158.9 -136.3
Net Debt 1 -1,409 -1,008 -791.3 -757.9 -565.3 -493.5 -371.4 -274.2
Reference price 2 62.85 30.70 27.33 26.19 17.64 18.64 18.64 18.64
Nbr of stocks (in thousands) 96,409 95,972 98,349 108,937 111,219 112,355 - -
Announcement Date 3/1/22 3/1/23 2/27/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-8.31x3.58x-6.5x-.--% 2.09B
17.64x3.78x9.76x0.58% 67.88B
26.33x5.45x16.01x0.6% 53.23B
37.7x12.83x24.43x-.--% 48.71B
-43.2x3.1x9.18x3.5% 38.98B
24.81x3.46x11.92x-.--% 29.55B
67.61x3.45x25.63x-.--% 23.75B
-6.42x8.92x-5.49x-.--% 22.07B
64.54x6.33x43.58x-.--% 19.84B
24.4x5.22x13.67x-.--% 16.57B
Average 20.51x 5.61x 14.22x 0.47% 32.27B
Weighted average by Cap. 20.50x 5.87x 15.43x 0.64%

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

  1. Stock Market
  2. Stocks
  3. ZLAB Stock
  4. Valuation Zai Lab Limited