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Zealand Pharma A/S
CSE:ZEAL

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Zealand Pharma A/S
CSE:ZEAL
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Price: 305.2 DKK 1.46% Market Closed
Market Cap: kr21.8B

EV/EBIT

1
Current
105%
Cheaper
vs 3-y average of -17.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
1
=
Enterprise Value
kr11.2B
/
EBIT
kr7.1B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
1
=
Enterprise Value
kr11.2B
/
EBIT
kr7.1B

Valuation Scenarios

Zealand Pharma A/S is trading below its industry average

If EV/EBIT returns to its Industry Average (5.1), the stock would be worth kr1 603.58 (425% upside from current price).

Statistics
Positive Scenarios
2/2
Maximum Downside
No Downside Scenarios
Maximum Upside
+1 302%
Average Upside
864%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 1 kr305.2
0%
Industry Average 5.1 kr1 603.58
+425%
Country Average 13.6 kr4 279.48
+1 302%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
kr11.2B
/
Jan 2026
kr7.1B
=
1
Current
kr11.2B
/
Dec 2026
kr1.2B
=
9.3
Forward
kr11.2B
/
Dec 2027
kr122.8m
=
91.1
Forward
kr11.2B
/
Dec 2028
kr-4B
=
-2.8
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
DK
Zealand Pharma A/S
CSE:ZEAL
21.2B DKK 1 3.3
FR
Pharnext SCA
OTC:PNEXF
6T USD -192 227.3 -160 127.7
US
Abbvie Inc
NYSE:ABBV
354.5B USD 19.6 84.7
US
Amgen Inc
NASDAQ:AMGN
186.5B USD 14 24.2
US
Gilead Sciences Inc
NASDAQ:GILD
164.9B USD 15 19.4
US
Epizyme Inc
F:EPE
94.1B EUR -565.5 -533.6
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
111.2B USD 22 28.1
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
78.9B USD 14.8 17.5
NL
argenx SE
XBRU:ARGX
42B EUR 41.9 38
AU
CSL Ltd
ASX:CSL
62.3B AUD 13.1 30.6
US
Seagen Inc
F:SGT
39.3B EUR -60.1 -61.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DK
Zealand Pharma A/S
CSE:ZEAL
Average EV/EBIT: 17.7
1
N/A N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -192 227.3 N/A N/A
US
Abbvie Inc
NYSE:ABBV
19.6
23%
0.9
US
Amgen Inc
NASDAQ:AMGN
14
3%
4.7
US
Gilead Sciences Inc
NASDAQ:GILD
15
13%
1.2
US
E
Epizyme Inc
F:EPE
Negative Multiple: -565.5 N/A N/A
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
22
17%
1.3
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
14.8
23%
0.6
NL
argenx SE
XBRU:ARGX
41.9
51%
0.8
AU
CSL Ltd
ASX:CSL
13.1
10%
1.3
US
S
Seagen Inc
F:SGT
Negative Multiple: -60.1 N/A N/A
P/E Multiple
Earnings Growth PEG
DK
Zealand Pharma A/S
CSE:ZEAL
Average P/E: 30.7
3.3
N/A N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
84.7
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
24.2
20%
1.2
US
Gilead Sciences Inc
NASDAQ:GILD
19.4
16%
1.2
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
28.1
19%
1.5
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
17.5
14%
1.3
NL
argenx SE
XBRU:ARGX
38
30%
1.3
AU
CSL Ltd
ASX:CSL
30.6
9%
3.4
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A

Market Distribution

Lower than 97% of companies in Denmark
Percentile
3rd
Based on 367 companies
3rd percentile
1
Low
0.8 — 6.6
Typical Range
6.6 — 19.5
High
19.5 —
Distribution Statistics
Denmark
Min 0.8
30th Percentile 6.6
Median 13.6
70th Percentile 19.5
Max 473.6

Zealand Pharma A/S
Glance View

Zealand Pharma A/S is a Danish biotechnology company that has carved a niche in the medical field by focusing on the design and development of innovative peptide-based medicines. Established in 1998 and headquartered in Copenhagen, the company is driven by a singular mission: to improve patients' lives through impactful treatments. Zealand's expertise lies in peptide therapeutics, a compelling segment of biopharmaceuticals due to their ability to mimic biological processes with high specificity and efficacy. The company has a keen focus on addressing unmet medical needs, particularly in the treatment of metabolic and gastrointestinal diseases. With a robust pipeline that ranges from early-stage research to late-stage clinical trials, Zealand Pharma leverages its proprietary technology to discover and develop novel pharmaceuticals that can be game-changers in their respective therapeutic areas. Zealand Pharma's business model centers around the development and commercialization of its proprietary medicines, both independently and through strategic partnerships. By collaborating with larger pharmaceutical companies, Zealand enhances its global commercialization capabilities and mitigates the financial risks inherent in drug development. For instance, the company has partnered with multinational corporations, allowing it to tap into resources for advanced research, regulatory processes, and worldwide distribution systems. Revenue streams are diversified through milestone payments, royalties, and direct sales, ensuring a steady inflow of cash that supports continued innovation. This strategic approach not only sustains its operations but also propels its mission of delivering transformative healthcare solutions. In essence, Zealand Pharma thrives at the confluence of science and strategy, driving both its financial health and its contributions to the biopharmaceutical landscape.

ZEAL Intrinsic Value
512.44 DKK
Undervaluation 40%
Intrinsic Value
Price kr305.2
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