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 2,922 - -
Change - -51.37% -8.77% 6.15% -31.23% 48.95% - -
Enterprise Value (EV) 1 4,650 1,938 1,897 2,095 1,397 2,465 2,541 2,686
Change - -58.33% -2.13% 10.47% -33.34% 76.47% 3.12% 5.67%
P/E -8.29x -6.63x -7.9x -10.1x -11x -11.5x -12.1x -15.8x
PBR 4.35x - 3.34x 3.36x 2.73x 5.98x 6.61x 7.11x
PEG - 0.2x 0.3x 0.4x 0.3x -0.3x 2.43x 0.7x
Capitalization / Revenue 42x 13.7x 10.1x 7.15x 4.26x 6.91x 5.1x 4.05x
EV / Revenue 32.2x 9.01x 7.11x 5.25x 3.04x 5.83x 4.44x 3.73x
EV / EBITDA -6.7x -4.89x -5.3x -7.75x -6.51x -8.46x -13.7x -25.9x
EV / EBIT -6.64x -4.79x -5.17x -7.43x -6.09x -8.17x -12.7x -22.1x
EV / FCF -8.19x -4.94x -9.23x -9.5x -8.5x -13.4x -17.2x -25.7x
FCF Yield -12.2% -20.2% -10.8% -10.5% -11.8% -7.47% -5.81% -3.88%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -7.58 -4.63 -3.46 -2.6 -1.6 -2.265 -2.152 -1.651
Distribution rate - - - - - - - -
Net sales 1 144.3 215 266.7 399 460.2 422.9 572.6 720.8
EBITDA 1 -693.6 -396.1 -357.5 -270.3 -214.4 -291.3 -185.4 -103.5
EBIT 1 -700.1 -404.4 -366.6 -282.1 -229.4 -301.8 -200.2 -121.6
Net income 1 -704.5 -443.3 -334.6 -257.1 -175.5 -240.5 -178.1 -151.6
Net Debt 1 -1,409 -1,008 -791.3 -757.9 -565.3 -457.7 -380.8 -236.7
Reference price 2 62.85 30.70 27.33 26.19 17.64 26.03 26.03 26.03
Nbr of stocks (in thousands) 96,409 95,972 98,349 108,937 111,219 112,266 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-11.49x5.83x-8.46x-.--% 2.92B
18.66x4.35x10.25x0.48% 80.48B
38.08x13.03x24.79x-.--% 51.06B
21.94x4.85x13.86x0.66% 48.19B
-52.01x3.59x10.62x2.94% 46.5B
37.43x3.46x13.16x-.--% 31.12B
-7.42x10.33x-6.67x-.--% 25.41B
53.09x3.4x26.31x-.--% 24.43B
70.88x6.81x45.49x-.--% 21.11B
-29.56x17x-45.32x-.--% 15.88B
Average 13.96x 7.26x 8.40x 0.41% 34.71B
Weighted average by Cap. 15.42x 6.62x 12.54x 0.6%

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