Company Valuation: Exelixis, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,784 5,174 7,460 9,510 11,799 14,532 - -
Change - -10.54% 44.19% 27.47% 24.07% 23.16% - -
Enterprise Value (EV) 1 4,317 3,865 6,465 8,399 10,740 13,788 12,910 11,785
Change - -10.45% 67.25% 29.91% 27.88% 28.38% -6.37% -8.71%
P/E 25.4x 28.6x 36.9x 18.9x 15.8x 18.1x 15x 11.5x
PBR 2.64x 2.09x 3.21x 4.18x 5.32x 5.58x 4.1x 3.04x
PEG - -1.3x 2.3x 0x 0.3x 1.1x 0.7x 0.4x
Capitalization / Revenue 4.03x 3.21x 4.08x 4.39x 5.09x 5.69x 5x 4.38x
EV / Revenue 3.01x 2.4x 3.53x 3.87x 4.63x 5.4x 4.44x 3.55x
EV / EBITDA 14.4x 17.4x 32.9x 13.3x 11.9x 12.6x 10.2x 7.39x
EV / EBIT 15.1x 19.2x 37.8x 13.9x 12.3x 13.4x 10.1x 7.5x
EV / FCF 12.8x 17.2x 22.1x 12.5x 12.3x 16.7x 15.9x 8.47x
FCF Yield 7.8% 5.8% 4.53% 8% 8.15% 5.99% 6.29% 11.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.72 0.56 0.65 1.76 2.78 3.238 3.914 5.119
Distribution rate - - - - - - - -
Net sales 1 1,435 1,611 1,830 2,169 2,320 2,555 2,906 3,315
EBITDA 1 300.3 222.4 196.6 633.4 901.2 1,093 1,261 1,595
EBIT 1 286.7 201.5 170.9 604.6 872.2 1,032 1,278 1,572
Net income 1 231.1 182.3 207.8 521.3 782.6 820.7 1,012 1,248
Net Debt 1 -1,467 -1,308 -995.3 -1,111 -1,059 -744.5 -1,623 -2,747
Reference price 2 18.28 16.04 23.99 33.30 43.83 58.65 58.65 58.65
Nbr of stocks (in thousands) 316,397 322,561 310,974 285,579 269,203 247,782 - -
Announcement Date 17/02/22 07/02/23 06/02/24 11/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.87x7.45x14.96x1.42% 71.53B
31.24x9x28.05x0.04% 60.12B
34.13x6.11x18.31x0.95% 48.85B
34.64x3.34x14.41x-.--% 44.28B
-21.08x228.26x-22.72x-.--% 43.83B
47.85x5.53x30.37x-.--% 41.53B
27.07x7.8x20.09x0.42% 30.13B
32.39x6.91x17.94x-.--% 27.98B
-70.94x13.62x-69.42x-.--% 25.25B
Average 15.13x 32.00x 5.78x 0.32% 43.72B
Weighted average by Cap. 19.23x 31.83x 9.93x 0.42%

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