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 14,473 - -
Change - -10.54% 44.19% 27.47% 24.07% 22.66% - -
Enterprise Value (EV) 1 4,317 3,865 6,465 8,399 10,740 13,728 12,850 11,726
Change - -10.45% 67.25% 29.91% 27.88% 27.82% -6.4% -8.75%
P/E 25.4x 28.6x 36.9x 18.9x 15.8x 18x 14.9x 11.4x
PBR 2.64x 2.09x 3.21x 4.18x 5.32x 5.56x 4.08x 3.03x
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 5.67x 4.98x 4.37x
EV / Revenue 3.01x 2.4x 3.53x 3.87x 4.63x 5.37x 4.42x 3.54x
EV / EBITDA 14.4x 17.4x 32.9x 13.3x 11.9x 12.6x 10.2x 7.35x
EV / EBIT 15.1x 19.2x 37.8x 13.9x 12.3x 13.3x 10.1x 7.46x
EV / FCF 12.8x 17.2x 22.1x 12.5x 12.3x 16.6x 15.8x 8.43x
FCF Yield 7.8% 5.8% 4.53% 8% 8.15% 6.02% 6.32% 11.9%
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 58.41 58.41 58.41
Nbr of stocks (in thousands) 316,397 322,561 310,974 285,579 269,203 247,782 - -
Announcement Date 2/17/22 A 2/7/23 A 2/6/24 A 2/11/25 A 2/10/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.73x7.77x15.61x1.37% 74.46B
31.25x9.01x28.06x0.04% 60.14B
33.64x6.03x18.07x0.97% 48.15B
34.63x3.34x14.4x-.--% 44.25B
-21.16x229.18x-22.81x-.--% 43.99B
47.94x5.54x30.43x-.--% 41.61B
26.89x7.76x19.96x0.42% 29.97B
33.91x7.26x18.84x-.--% 29.31B
-70.02x13.44x-68.51x-.--% 24.93B
Average 15.42x 32.15x 6.01x 0.31% 44.09B
Weighted average by Cap. 19.58x 31.88x 10.24x 0.41%

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