Valuation Zai Lab Limited Hong Kong S.E.

Stocks

Market Closed - Hong Kong S.E. 11:08:32 18/09/2026 +03			5-day change	1st Jan Change
20.58 ^HKD	+4.47%		+8.66%	+50.77%

09-04	Asian Equities Traded in the US as American Depositary Receipts Edge Lower in Friday Trading	MT
09-02	Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	6,059	2,946	2,688	2,853	1,962	2,885	-	-
Change	-	-51.37%	-8.77%	6.15%	-31.23%	47.06%	-	-
Enterprise Value (EV) ¹	4,650	1,938	1,897	2,095	1,397	2,428	2,504	2,649
Change	-	-58.33%	-2.13%	10.47%	-33.34%	73.82%	3.17%	5.76%
P/E	-8.29x	-6.63x	-7.9x	-10.1x	-11x	-11.6x	-11.6x	-17.5x
PBR	4.35x	-	3.34x	3.36x	2.73x	5.61x	7.37x	6.81x
PEG	-	0.2x	0.3x	0.4x	0.3x	-0.3x	-57.59x	0.5x
Capitalization / Revenue	42x	13.7x	10.1x	7.15x	4.26x	6.61x	5.23x	3.99x
EV / Revenue	32.2x	9.01x	7.11x	5.25x	3.04x	5.56x	4.54x	3.66x
EV / EBITDA	-6.7x	-4.89x	-5.3x	-7.75x	-6.51x	-8.6x	-11x	-21x
EV / EBIT	-6.64x	-4.79x	-5.17x	-7.43x	-6.09x	-8.53x	-10.9x	-16.9x
EV / FCF	-8.19x	-4.94x	-9.23x	-9.5x	-8.5x	-13.4x	-14.1x	-22.5x
FCF Yield	-12.2%	-20.2%	-10.8%	-10.5%	-11.8%	-7.48%	-7.11%	-4.44%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-7.58	-4.63	-3.46	-2.6	-1.6	-2.209	-2.214	-1.47
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	144.3	215	266.7	399	460.2	436.5	552.1	723.7
EBITDA ¹	-693.6	-396.1	-357.5	-270.3	-214.4	-282.2	-228.3	-126.2
EBIT ¹	-700.1	-404.4	-366.6	-282.1	-229.4	-284.6	-230.4	-156.7
Net income ¹	-704.5	-443.3	-334.6	-257.1	-175.5	-240.7	-211.1	-157.9
Net Debt ¹	-1,409	-1,008	-791.3	-757.9	-565.3	-457.7	-380.8	-236.7
Reference price ²	62.85	30.70	27.33	26.19	17.64	25.70	25.70	25.70
Nbr of stocks (in thousands)	96,409	95,972	98,349	108,937	111,219	112,266	-	-
Announcement Date	3/1/22 A	3/1/23 A	2/27/24 A	2/27/25 A	2/26/26 A	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
REGENERON PHARMACEUTICALS, INC.	18.18x	4.21x	9.88x	0.5%	78.35B
MODERNA, INC.	-18.37x	27.54x	-17.88x	-.--%	61.52B
CSL LIMITED	20.55x	4.37x	13.55x	2.4%	59.78B
SAMSUNG BIOLOGICS CO.,LTD.	34.06x	11.59x	22.22x	-.--%	46.53B
UCB	20.79x	4.6x	13.1x	0.7%	45.5B
BIOGEN INC.	35.15x	3.52x	13.21x	-.--%	31.84B
INCYTE CORPORATION	55.92x	3.56x	27.61x	-.--%	25.4B
INNOVENT BIOLOGICS, INC.	63.43x	6.8x	40.64x	-.--%	21.43B
SWEDISH ORPHAN BIOVITRUM AB	23.43x	5.03x	13.09x	-.--%	15.77B
Average	28.12x	7.91x	15.04x	0.4%	42.9B
Weighted average by Cap.	21.55x	8.96x	11.17x	0.56%