Company Valuation: Immatics N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 845.5 663.9 891.4 848.6 1,408 1,057 - -
Change - -21.47% 34.26% -4.8% 65.88% -24.94% - -
Enterprise Value (EV) 1 710 289.7 445.7 610.6 1,026 770.4 717.9 786.9
Change - -59.19% 53.83% 36.99% 68% -24.89% -6.82% 9.61%
P/E -8.25x 14.7x -8.08x 47.1x -5.61x -3.66x -3.67x -4.19x
PBR - - - - 2.51x - - -
PEG - -0x 0x -0x 0x -0.3x 8.31x 0.3x
Capitalization / Revenue 22.1x 3.57x 15.2x 5.05x 25.1x 22.7x 26.7x 9.22x
EV / Revenue 18.5x 1.56x 7.6x 3.63x 18.3x 16.6x 18.1x 6.87x
EV / EBITDA -7.96x 7.29x -4.34x -21.5x -5.2x -2.64x -2.22x -2.13x
EV / EBIT -7.47x 8.99x -4.04x -14.7x -4.85x -2.47x -2.11x -2.45x
EV / FCF -7.43x - -32.6x -3.25x -4.84x -3.89x -2.32x -2.55x
FCF Yield -13.5% - -3.06% -30.8% -20.7% -25.7% -43.2% -39.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.63 0.592 -1.303 0.151 -1.872 -2.114 -2.104 -1.845
Distribution rate - - - - - - - -
Net sales 1 38.29 186 58.62 168.1 56.13 46.54 39.58 114.6
EBITDA 1 -89.24 39.74 -102.6 -28.46 -197.3 -292.1 -322.9 -369.3
EBIT 1 -95.04 32.24 -110.4 -41.65 -211.7 -311.3 -340.8 -321
Net income 1 -102.8 40.38 -105.3 16.41 -228.5 -287.4 -309.6 -284.9
Net Debt 1 -135.5 -374.2 -445.8 -238.1 -381.9 -286.2 -338.7 -269.7
Reference price 2 13.440 8.710 10.530 7.110 10.500 7.730 7.730 7.730
Nbr of stocks (in thousands) 62,909 76,227 84,656 119,356 134,064 136,690 - -
Announcement Date 3/23/22 A 3/21/23 A 3/21/24 A 3/27/25 A 3/5/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-3.66x16.55x-2.64x-.--% 1.06B
21.73x7.72x15.51x1.37% 74.31B
29.59x8.5x26.48x0.04% 56.95B
33.52x6.02x18.04x0.97% 48.3B
-21.51x223.61x-23.09x-.--% 44.51B
34.27x3.31x14.29x-.--% 43.8B
47.24x5.47x29.99x-.--% 41.12B
27.63x7.93x20.48x0.41% 31.07B
33.5x7.16x18.6x-.--% 28.97B
-15.28x5.82x-7.31x-.--% 24.53B
Average 18.70x 29.21x 11.03x 0.28% 39.46B
Weighted average by Cap. 22.44x 31.13x 13.57x 0.41%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Immatics N.V.

Historical PBR trend

Valuation ratios - PBR - Immatics N.V.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Immatics N.V.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Immatics N.V.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Immatics N.V.
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