Company Valuation: Moderna, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 102,976 69,006 37,919 16,001 11,523 21,137 - -
Change - -32.99% -45.05% -57.8% -27.99% 83.44% - -
Enterprise Value (EV) 1 92,848 59,104 29,315 8,976 5,724 17,577 18,864 19,241
Change - -36.34% -50.4% -69.38% -36.23% 207.1% 7.32% 2%
P/E ratio 8.98x 8.93x -8.07x -4.48x -4.06x -6.16x -11.3x -18.7x
PBR 7.24x 3.7x 2.74x 1.46x 1.33x 3.74x 5.14x 6.06x
PEG - -0.3x 0x 0.2x 0.2x -0.3x 0.2x 0.5x
Capitalization / Revenue 5.58x 3.58x 5.54x 4.94x 5.93x 10.1x 8.36x 6.58x
EV / Revenue 5.03x 3.07x 4.28x 2.77x 2.94x 8.43x 7.46x 5.99x
EV / EBITDA 6.86x 6.05x -8.1x -2.39x -2x -5.13x -10.5x -18.5x
EV / EBIT 6.98x 6.27x -6.92x -2.28x -1.86x -4.86x -9.44x -15.9x
EV / FCF 6.96x 12.9x -7.66x -2.21x -2.77x -5.67x -12.7x -15x
FCF Yield 14.4% 7.75% -13% -45.2% -36.1% -17.6% -7.86% -6.65%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 28.29 20.12 -12.33 -9.28 -7.26 -8.653 -4.727 -2.852
Distribution rate - - - - - - - -
Net sales 1 18,471 19,263 6,848 3,236 1,944 2,086 2,529 3,213
EBITDA 1 13,528 9,768 -3,618 -3,756 -2,859 -3,425 -1,800 -1,038
EBIT 1 13,296 9,420 -4,239 -3,945 -3,074 -3,616 -1,997 -1,207
Net income 1 12,202 8,362 -4,714 -3,561 -2,822 -3,409 -1,839 -1,148
Net Debt 1 -10,128 -9,902 -8,604 -7,025 -5,799 -3,559 -2,273 -1,895
Reference price 2 253.98 179.62 99.45 41.58 29.49 53.27 53.27 53.27
Nbr of stocks (in thousands) 405,450 384,180 381,284 384,818 390,734 396,786 - -
Announcement Date 24/2/22 23/2/23 22/2/24 14/2/25 13/2/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-6.16x8.43x-5.13x-.--% 21.14B
18.73x4.18x11.26x0.54% 73.6B
26.18x5.26x15.16x0.6% 53.86B
35.06x11.96x22.19x-.--% 44.71B
-128.06x2.8x8.26x4% 34.53B
32.19x3.5x10.42x-.--% 29.43B
15.02x2.63x8.17x-.--% 19.8B
51.96x6.55x45.58x-.--% 19.66B
24.18x5.09x13.72x-.--% 16.3B
-30.51x14.45x-38.97x-.--% 12.92B
Average 3.86x 6.48x 9.07x 0.52% 32.59B
Weighted average by Cap. 6.35x 5.99x 11.96x 0.65%

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

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  4. Valuation Moderna, Inc.