ARGX

ARGX — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($748.93)
DCF$5644.10+653.6%
Graham Number$249.81-66.6%
Reverse DCFimplied g: 31.9%
DDM
EV/EBITDA$754.90+0.8%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $519.50M
Rev: 74.6% / EPS: -32.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$5644.10
Current Price$748.93
Upside / Downside+653.6%
Net Debt (used)-$4.39B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term66.6%70.6%74.6%78.6%82.6%
7.0%$7212.31$8105.91$9087.03$10161.93$11337.21
8.0%$5591.05$6280.59$7037.58$7866.87$8773.53
9.0%$4488.64$5039.46$5644.10$6306.43$7030.49
10.0%$3696.07$4147.19$4642.34$5184.67$5777.50
11.0%$3102.81$3479.33$3892.55$4345.10$4839.74

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $23.38
Yahoo: $118.63

Results

Graham Number$249.81
Current Price$748.93
Margin of Safety-66.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$748.93
Implied Near-term FCF Growth31.9%
Historical Revenue Growth74.6%
Historical Earnings Growth-32.0%
Base FCF (TTM)$519.50M
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: —

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.
DDM Intrinsic Value / share
Current Price$748.93
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.09B
Current: 38.7×
Default: -$4.39B

Results

Implied Equity Value / share$754.90
Current Price$748.93
Upside / Downside+0.8%
Implied EV$42.32B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$6.39B-$5.39B-$4.39B-$3.39B-$2.39B
34.7x$716.49$700.33$684.17$668.01$651.85
36.7x$751.86$735.70$719.54$703.38$687.22
38.7x$787.22$771.06$754.90$738.74$722.58
40.7x$822.59$806.43$790.27$774.11$757.95
42.7x$857.95$841.79$825.64$809.48$793.32