GLPG

GLPG — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($33.69)
DCF$1145605900159052.50+3400433066663754.5%
Graham Number
Reverse DCFimplied g: -20.0%
DDM
EV/EBITDA$33.68-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $315.51M
Rev: 1093.2% / EPS: 3036.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$1145605900159052.50
Current Price$33.69
Upside / Downside+3400433066663754.5%
Net Debt (used)-$2.99B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term3028.0%3032.0%3036.0%3040.0%3044.0%
7.0%$1927519563533093.50$1939875417678563.50$1952294553892322.00$1964777214944054.75$1977323644223550.50
8.0%$1451363963271718.75$1460667547930203.00$1470018782073109.75$1479417848498672.75$1488864930472044.75
9.0%$1131067942723826.25$1138318354491429.75$1145605900159052.50$1152930722183879.00$1160292963386969.00
10.0%$903510075248466.63$909301787517415.75$915123162772579.25$920974314810393.25$926855357717962.13
11.0%$735344390489607.88$740058121132334.63$744795993742162.13$749558100935181.13$754344535564049.63

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-7.83
Yahoo: $57.04

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$33.69
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$33.69
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth1093.2%
Historical Earnings Growth3036.0%
Base FCF (TTM)$315.51M
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$33.69
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $565.55M
Current: -1.4×
Default: -$2.99B

Results

Implied Equity Value / share$33.68
Current Price$33.69
Upside / Downside-0.0%
Implied EV-$771.98M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$4.99B-$3.99B-$2.99B-$1.99B-$991.13M
-5.4x$29.70$14.52$-0.65$-15.83$-31.00
-3.4x$46.86$31.69$16.51$1.34$-13.84
-1.4x$64.03$48.85$33.68$18.50$3.33
0.6x$81.19$66.02$50.84$35.67$20.49
2.6x$98.36$83.18$68.01$52.83$37.66