Genmab - ADR

Genmab - ADR

GMAB

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Market Cap$20.4B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Genmab - ADRGenmab - ADR26.1-16%2.30.9

Earnings Call Q2 2026

August 6, 2026 - AI Summary

Strong financial momentum + upgraded guidance (good) - Revenue grew 25% YoY in 1H26 to ~$396M for proprietary portfolio (37% growth YoY). - Adjusted operating profit increased 18% (showing profitability growth while investing). - Effective tax rate: 3.6% in 1H26 (driven by Merus integration and recognition/use of deferred tax assets); management expects volatility may continue and normalization over 12–18 months. - Updated 2026 guidance (vs prior): - Revenue: $4.3–$4.5B (+19% YoY at midpoint; previously lower). - Operating profit: $1.1–$1.4B. - Operating leverage: despite higher investment, revenue +5% and operating profit +7%, with OpEx only +2% at midpoint.
Commercial performance: EPKINLY leading growth + broad-based portfolio strength (good) - EPKINLY net product sales: $312M in 1H26 (+48% YoY, +28% QoQ). - Growth drivers: new patient starts, site activations in the US, strong uptake of chemo-free fixed-duration EPKINLY + R-squared in 2L FL. - Community adoption rising: >90% of key customers order for 2+ sites; Europe/Japan/partner footprint expanding. - TIVDAK sales: $84M in 1H26, supported by US scaling + launches in Japan/Europe; UK reimbursement secured (additional markets progressing). - DARZALEX +21% YoY, and rest of portfolio +35% YoY → revenue growth described as high growth + broad-based (not only one product).
Pipeline/data cadence: multiple late-stage catalysts with clearer timing (good) - EPCORE DLBCL-4 (epcoritamab-based combo): Phase III top-line PFS announced in June—statistically significant, clinically meaningful improvement. - OS was immature at the time; more detail expected at conferences. - EPKINLY (DLBCL frontline) EPCORE DLBCL-2: interim top-line data expected Q4 26 (based on interim analysis) with discussions implying it could support regulatory filing. - Rina-S: management expects Phase II + Phase III platinum-resistant ovarian cancer datasets in Q4. - Petosemtamab (CRC): readout timing supported by ESMO update in Oct and major Phase III expansion described below.

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$41.50

Target Price by Analysts

20.6% upsideGenmab Target Price DetailsTarget Price
$6.10

Current Fair Value

82.3% downside

Overvalued by 82.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$20.40 Billion
Enterprise Value$24.19 Billion
Dividend Yield$- (-)
Earnings per Share$1.55
Beta0.69
Outstanding Shares613,360,320

Return

Return on Equity16.02%ROE
Return on Assets7.62%
Return on Invested Capital23.38%

Valuation & Multiples

P/E Ratio26.11P/E Ratio
PEG-265.81PEG
Price to Sales2.29Price to Sales
Price to Book Ratio3.82Price to Book Ratio
Enterprise Value to Revenue2.47
Enterprise Value to EBIT9.1
Enterprise Value to Net Income25
Total Debt to Enterprise0.22
Debt to Equity0.89Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 6, 2026
EPS Estimate
$0.37
Average shareholder expectation
Revenue Estimate
$1.12 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 5, 2026
EPS Estimate
$0.36
Average shareholder expectation
Revenue Estimate
$1.21 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0340 0.78%
Total Calls4,679,400 1031.93%
Total Puts158,900 1371.30%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %16.69% 3.40%
Total Invested$2.81B 25.77%
Investors Holding304 24.00%

ESG Score

No data

About Genmab

CEO: Jan van de Winkel