Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Cytokinetics Inc., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Cytokinetics Inc. EBITDA decreased from 2020 to 2021 and from 2021 to 2022. |
Enterprise Value to EBITDA Ratio, Current
Cytokinetics Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 13,914,826) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | (363,727) |
| Valuation Ratio | |
| EV/EBITDA | — |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| AbbVie Inc. | 19.83 |
| Amgen Inc. | 14.95 |
| Bristol-Myers Squibb Co. | 6.03 |
| Danaher Corp. | 27.94 |
| Eli Lilly & Co. | 88.03 |
| Gilead Sciences Inc. | 9.72 |
| Johnson & Johnson | 16.23 |
| Merck & Co. Inc. | 52.16 |
| Pfizer Inc. | 23.20 |
| Regeneron Pharmaceuticals Inc. | 21.33 |
| Thermo Fisher Scientific Inc. | 23.05 |
| Zoetis Inc. | 22.90 |
| EV/EBITDA, Sector | |
| Pharmaceuticals, Biotechnology & Life Sciences | 15.76 |
| EV/EBITDA, Industry | |
| Health Care | 15.26 |
Based on: 10-K (reporting date: 2022-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Cytokinetics Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 3,931,450) | 2,644,163) | 1,003,554) | 787,578) | 173,561) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | (363,727) | (196,598) | (109,496) | (113,776) | (101,253) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | — | — | — | — | — | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| AbbVie Inc. | 13.31 | 13.44 | 21.34 | 13.68 | — | |
| Amgen Inc. | 12.97 | 13.22 | 12.24 | 12.26 | — | |
| Bristol-Myers Squibb Co. | 9.46 | 8.65 | 34.35 | 23.84 | — | |
| Danaher Corp. | 18.42 | 21.05 | 26.68 | 25.23 | — | |
| Eli Lilly & Co. | 37.74 | 29.85 | 23.67 | 21.40 | — | |
| Gilead Sciences Inc. | 13.89 | 8.57 | 24.90 | 11.77 | — | |
| Johnson & Johnson | 14.78 | 14.47 | 18.20 | 16.28 | — | |
| Merck & Co. Inc. | 13.91 | 12.18 | 16.05 | 13.66 | — | |
| Pfizer Inc. | 6.12 | 8.64 | 15.78 | 9.17 | — | |
| Regeneron Pharmaceuticals Inc. | 15.27 | 6.68 | 12.70 | 14.80 | — | |
| Thermo Fisher Scientific Inc. | 20.25 | 20.21 | 18.72 | 19.74 | — | |
| Zoetis Inc. | 25.13 | 30.52 | 30.97 | 30.11 | — | |
| EV/EBITDA, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 13.75 | 13.36 | 19.29 | 15.11 | — | |
| EV/EBITDA, Industry | ||||||
| Health Care | 13.78 | 13.96 | 16.46 | 14.27 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 3,931,450 ÷ -363,727 = —
4 Click competitor name to see calculations.