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 32,540 - -
Change - -15.95% 9.61% -36.64% -14.79% 25.71% - -
Enterprise Value (EV) 1 52,692 45,068 49,813 31,073 26,209 31,779 31,478 30,663
Change - -14.47% 10.53% -37.62% -15.65% 21.25% -0.95% -2.59%
P/E 346x 138x 95.5x 54.8x 31.8x 34.6x 29.2x 24.2x
PBR 23.1x 20.5x 23.1x 15.1x 9.3x 11.4x 9.54x 7.34x
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 6.22x 5.61x 5.04x
EV / Revenue 21.5x 15.5x 13.8x 7.7x 5.62x 6.08x 5.43x 4.75x
EV / EBITDA 111x 60x 49.1x 28.1x 19.4x 19.1x 16.4x 13.8x
EV / EBIT 142x 92.9x 69.3x 41x 27x 25.5x 21.8x 17.8x
EV / FCF 989x 148x 97.3x 49.3x 24.3x 31.1x 25.8x 20.9x
FCF Yield 0.1% 0.68% 1.03% 2.03% 4.11% 3.21% 3.88% 4.79%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.3875 0.82 1.3 1.42 2.09 2.489 2.952 3.562
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 1,667 1,921 2,218
EBIT 1 370.7 485.1 718.6 757.1 969.3 1,248 1,446 1,719
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 86.23 86.23 86.23
Nbr of stocks (in thousands) 387,688 386,258 386,374 390,595 390,016 377,361 - -
Announcement Date 2/10/22 A 2/9/23 A 2/8/24 A 2/13/25 A 2/12/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.39x3.81x14.72x2.66% 167B
18.26x3.37x12.05x3.26% 111B
21.23x4.18x14.6x1.32% 105B
25.57x2.51x10.15x2.82% 74.82B
16.96x0.2x12.44x0.77% 59.11B
29.74x7.35x19.01x1.35% 51.8B
34.32x3.34x11.44x2.2% 48.5B
35.06x8.71x24.52x-.--% 40.79B
34.65x6.08x19.07x-.--% 32.54B
Average 27.02x 4.39x 15.33x 1.6% 76.68B
Weighted average by Cap. 25.36x 3.97x 14.46x 1.99%

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