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 33,170 - -
Change - -15.95% 9.61% -36.64% -14.79% 28.14% - -
Enterprise Value (EV) 1 52,692 45,068 49,813 31,073 26,209 32,409 32,109 31,293
Change - -14.47% 10.53% -37.62% -15.65% 23.66% -0.93% -2.54%
P/E 346x 138x 95.5x 54.8x 31.8x 35.2x 29.6x 24.4x
PBR 23.1x 20.5x 23.1x 15.1x 9.3x 11.7x 9.73x 7.48x
PEG - 1x 1.6x 5.94x 0.7x 1.8x 1.6x 1.2x
Capitalization / Revenue 21.3x 15x 13.2x 7.53x 5.55x 6.34x 5.72x 5.13x
EV / Revenue 21.5x 15.5x 13.8x 7.7x 5.62x 6.2x 5.54x 4.84x
EV / EBITDA 111x 60x 49.1x 28.1x 19.4x 19.5x 16.7x 14.1x
EV / EBIT 142x 92.9x 69.3x 41x 27x 26x 22.2x 18.2x
EV / FCF 989x 148x 97.3x 49.3x 24.3x 31.7x 26.3x 21.3x
FCF Yield 0.1% 0.68% 1.03% 2.03% 4.11% 3.15% 3.8% 4.7%
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 87.90 87.90 87.90
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
31.08x4.2x16.15x2.37% 187B
19.92x3.63x12.95x3.01% 120B
18.12x0.21x13.19x0.72% 63.15B
29.61x7.3x18.8x1.35% 52.36B
35.6x3.43x11.76x2.12% 50.32B
35.23x6.2x19.45x-.--% 33.17B
47.24x1.35x12.52x0.2% 32.1B
39.65x6.94x24.91x0.27% 23.93B
17.69x2.82x9.99x1.56% 22.7B
Average 30.46x 4.01x 15.53x 1.29% 65.07B
Weighted average by Cap. 28.59x 3.88x 15.14x 1.84%

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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