Company Valuation: DexCom, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 52,042 43,740 47,945 30,377 25,885 34,015 - -
Change - -15.95% 9.61% -36.64% -14.79% 31.41% - -
Enterprise Value (EV) 1 52,692 45,068 49,813 31,073 26,209 33,254 32,954 32,139
Change - -14.47% 10.53% -37.62% -15.65% 26.88% -0.9% -2.47%
P/E 346x 138x 95.5x 54.8x 31.8x 36.1x 30.4x 25.1x
PBR 23.1x 20.5x 23.1x 15.1x 9.3x 12x 9.97x 7.67x
PEG - 1x 1.6x 5.94x 0.7x 1.9x 1.6x 1.2x
Capitalization / Revenue 21.3x 15x 13.2x 7.53x 5.55x 6.5x 5.86x 5.26x
EV / Revenue 21.5x 15.5x 13.8x 7.7x 5.62x 6.36x 5.68x 4.97x
EV / EBITDA 111x 60x 49.1x 28.1x 19.4x 20x 17.2x 14.5x
EV / EBIT 142x 92.9x 69.3x 41x 27x 26.7x 22.8x 18.7x
EV / FCF 989x 148x 97.3x 49.3x 24.3x 32.6x 27x 21.9x
FCF Yield 0.1% 0.68% 1.03% 2.03% 4.11% 3.07% 3.7% 4.57%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.3875 0.82 1.3 1.42 2.09 2.495 2.969 3.596
Distribution rate - - - - - - - -
Net sales 1 2,448 2,910 3,622 4,033 4,662 5,230 5,800 6,461
EBITDA 1 472.7 751.6 1,014 1,105 1,349 1,666 1,920 2,218
EBIT 1 370.7 485.1 718.6 757.1 969.3 1,247 1,445 1,722
Net income 1 154.7 341.2 541.5 576.2 836.3 974.4 1,149 1,409
Net Debt 1 650.1 1,328 1,868 695.9 323.2 -761.1 -1,061 -1,877
Reference price 2 134.24 113.24 124.09 77.77 66.37 90.14 90.14 90.14
Nbr of stocks (in thousands) 387,688 386,258 386,374 390,595 390,016 377,361 - -
Announcement Date 10/02/22 09/02/23 08/02/24 13/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.25x4.22x16.23x2.36% 188B
20.48x3.6x12.83x3.13% 118B
18.12x0.21x13.2x0.72% 63.16B
30.51x7.53x19.44x1.31% 52.01B
36.06x3.47x11.88x2.1% 50.97B
36.13x6.36x19.96x-.--% 34.02B
46.08x1.3x12.07x0.17% 30.8B
39.49x6.91x24.81x0.27% 23.83B
19.29x3.02x10.82x1.46% 23.45B
Average 30.82x 4.07x 15.69x 1.28% 64.95B
Weighted average by Cap. 28.94x 3.92x 15.25x 1.85%

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