ARGENX SE |
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 346.1 EUR | -0.52% |
|
-3.46% | +0.79% |
| May. 10 | European Equities Traded in the US as American Depositary Receipts Trend Higher in Friday Trading; End Week Up Nearly 3% | MT |
| May. 10 | Indexes already back on top |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,141 | 11,400 | 16,291 | 19,269 | 20,293 | 20,661 | - | - |
| Enterprise Value (EV) 1 | 4,811 | 9,781 | 14,186 | 18,515 | 17,352 | 18,299 | 18,172 | 17,672 |
| P/E ratio | -34 x | -20.8 x | -43.8 x | -28.3 x | -72.1 x | -133 x | 106 x | 34.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 74.4 x | 209 x | 33.5 x | 45.9 x | 17.3 x | 12 x | 9.04 x | 7.08 x |
| EV / Revenue | 58.3 x | 179 x | 29.2 x | 44.1 x | 14.8 x | 10.7 x | 7.96 x | 6.06 x |
| EV / EBITDA | -27.3 x | -23.6 x | -45.7 x | -31.9 x | -59.8 x | -73.2 x | 75.5 x | 23.2 x |
| EV / FCF | 36.2 x | -28.2 x | -25.7 x | -22.8 x | -40.4 x | -74.9 x | 139 x | 41.6 x |
| FCF Yield | 2.76% | -3.55% | -3.9% | -4.39% | -2.47% | -1.33% | 0.72% | 2.4% |
| Price to Book | 5.84 x | 8.44 x | 7.1 x | - | 5.39 x | 5.48 x | 5.1 x | 4.39 x |
| Nbr of stocks (in thousands) | 42,762 | 47,108 | 51,668 | 55,324 | 59,079 | 59,387 | - | - |
| Reference price 2 | 143.6 | 242.0 | 315.3 | 348.3 | 343.5 | 347.9 | 347.9 | 347.9 |
| Announcement Date | 2/27/20 | 3/4/21 | 3/3/22 | 3/2/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 82.58 | 54.53 | 486.3 | 419.9 | 1,171 | 1,715 | 2,284 | 2,916 |
| EBITDA 1 | -176.4 | -414.3 | -310.4 | -580.3 | -290.2 | -250 | 240.6 | 762 |
| EBIT 1 | -178.6 | -417.8 | -314.4 | -679.3 | -392.3 | -250.8 | 108.9 | 640.9 |
| Operating Margin | -216.21% | -766.07% | -64.65% | -161.78% | -33.51% | -14.63% | 4.77% | 21.98% |
| Earnings before Tax (EBT) 1 | -158.2 | -526.3 | -360.4 | -687.7 | -281 | -151.6 | 192.9 | 696.6 |
| Net income 1 | -163 | -528.9 | -368.1 | -669.1 | -272.3 | -163.4 | 169.2 | 632.3 |
| Net margin | -197.33% | -969.9% | -75.69% | -159.36% | -23.26% | -9.53% | 7.41% | 21.68% |
| EPS 2 | -4.220 | -11.65 | -7.203 | -12.31 | -4.763 | -2.622 | 3.284 | 10.14 |
| Free Cash Flow 1 | 133 | -347.3 | -552.7 | -813.6 | -429.4 | -244.2 | 130.8 | 424.4 |
| FCF margin | 161.02% | -636.85% | -113.66% | -193.76% | -36.67% | -14.24% | 5.73% | 14.55% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 54.38% | 55.7% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 77.35% | 67.12% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 3/4/21 | 3/3/22 | 3/2/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31.28 | 6.131 | 40.42 | - | 29.8 | 84.08 | 145.5 | 171.7 | 309.9 | 207.8 | 253.8 | 461.4 | 320.3 | 385.7 | 699.3 | 383.8 | 403.9 | 783 | 439 | 480.3 | 887.9 | 500.7 |
| EBITDA 1 | - | -182.1 | -197.7 | - | -211.5 | -170.3 | -208 | - | - | - | - | - | - | - | - | -70.62 | -93.13 | - | -99 | -61.53 | - | - |
| EBIT 1 | -94.09 | -183.8 | -208.2 | - | -210.9 | -172.3 | -207.2 | -107.9 | -304.7 | -93.84 | -92.2 | -185.9 | -75.95 | -127.9 | -202.3 | -86.93 | -77.7 | -169.8 | -60.6 | -36.2 | -151.2 | 11.42 |
| Operating Margin | -300.74% | -2,997.28% | -515.01% | - | -707.52% | -204.9% | -142.43% | -62.83% | -98.32% | -45.15% | -36.33% | -40.29% | -23.71% | -33.18% | -28.93% | -22.65% | -19.23% | -21.69% | -13.8% | -7.54% | -17.03% | 2.28% |
| Earnings before Tax (EBT) 1 | -113.4 | -199.2 | -220.8 | - | -217.8 | -214.2 | -239.4 | -38.89 | -266.2 | -68.9 | -75.73 | -144.5 | -78.49 | -56.47 | -133.3 | -69.18 | -48.24 | -64.05 | -29.64 | -11.23 | -60.64 | 20.45 |
| Net income 1 | -117.8 | -201.6 | -214.4 | -425 | -215.1 | -206 | -233.5 | -36.41 | -258.1 | -26.11 | -85.22 | -111.3 | -68.47 | -91.54 | -158.6 | -57.32 | -51.32 | -64.05 | -32.32 | -15.72 | -60.64 | 26.93 |
| Net margin | -376.68% | -3,288.02% | -530.42% | - | -721.69% | -245.06% | -160.45% | -21.2% | -83.28% | -12.57% | -33.58% | -24.12% | -21.38% | -23.73% | -22.68% | -14.93% | -12.7% | -8.18% | -7.36% | -3.27% | -6.83% | 5.38% |
| EPS 2 | - | -3.797 | -4.291 | - | - | -3.760 | -4.231 | -0.6601 | - | -0.4703 | -1.526 | - | -1.178 | -1.551 | - | -0.5995 | -1.246 | - | -1.360 | -0.4450 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 10/28/21 | 3/3/22 | 3/3/22 | 5/5/22 | 7/28/22 | 10/27/22 | 3/2/23 | 3/2/23 | 5/4/23 | 7/27/23 | 7/27/23 | 10/31/23 | 2/29/24 | 2/29/24 | 5/9/24 | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,329 | 1,619 | 2,105 | 754 | 2,942 | 2,362 | 2,488 | 2,988 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 133 | -347 | -553 | -814 | -429 | -244 | 131 | 424 |
| ROE (net income / shareholders' equity) | -20.5% | -43.8% | -19.4% | -26.5% | -8.54% | -5.6% | 4.45% | 16% |
| ROA (Net income/ Total Assets) | -16.2% | -32.1% | -15.9% | -23.7% | -7.69% | -2.85% | 4.89% | 13.8% |
| Assets 1 | 1,006 | 1,646 | 2,312 | 2,822 | 3,543 | 5,740 | 3,457 | 4,586 |
| Book Value Per Share 2 | 24.60 | 28.70 | 44.40 | - | 63.70 | 63.50 | 68.20 | 79.30 |
| Cash Flow per Share 2 | - | - | -10.80 | - | -6.800 | 1.570 | 3.090 | 10.70 |
| Capex 1 | 1.6 | 0.95 | 3.28 | 0.79 | - | 12.2 | 12.8 | 18.2 |
| Capex / Sales | 1.94% | 1.74% | 0.67% | 0.19% | - | 0.71% | 0.56% | 0.62% |
| Announcement Date | 2/27/20 | 3/4/21 | 3/3/22 | 3/2/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
347.9
EUR
Average target price
435.1
EUR
Spread / Average Target
+25.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.79% | 22.25B | |
| +4.67% | 109B | |
| +11.58% | 105B | |
| -11.76% | 22.09B | |
| -7.75% | 18.68B | |
| -38.36% | 17.58B | |
| -9.65% | 16.85B | |
| +4.93% | 13.76B | |
| +37.17% | 12.46B | |
| +296.37% | 8.12B |
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