Obermatt

Genmab

CPH:GMAB · DK0010272202
BiotechnologyLarge

360

40
EV / EBIT62
Price / Owner Earnings29
Owner Earnings Yield90
Dividend Yield1
Price/Sales62
EV / Gross Profit88
Price/Book45
Return on Capital82
Cash Return on Capital72
Return on Equity78
EBIT Margin86
Gross Profitability61
Cash Conversion33
Accruals3
Owner Earnings Margin73
Sales growth55
Profit Growth94
Long-Term EPS Growth65
Owner Earnings Growth31
Reinvestment52
Price momentum54
Debt load29
Refinancing73
Debt Payback20
Liquidity76
Analyst ratings39
Opinion Changes80
Price Target Upside60
Market mood71
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Genmab clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryDenmark
IndustryBiotechnology
SizeLarge
TypePublic Company
ExchangeCPSE
Founded1998
Employees2,636
Websitegenmab.com
ISINDK0010272202
Last UpdateApr 2, 2026
Themes
HematologyImmunologyOncologyCentral Nervous SystemBiotechnologyHealth CareManufacturingMedical

Description

Genmab A/S operates as an international biotechnology company. Pipeline and Product Candidates The company has a pipeline of novel antibody-based products and product candidates designed to address unmet medical needs and improve treatment outcomes…

Analysis

Middle-of-the-road

Genmab A/S is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 18.3× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 5% yearly growth; analysts expect 21%. The price, in other words, assumes less than the experts do.

The trajectory is tepid and the balance sheet is stretched. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
100
2023202420252026

All-time high

100

Jun 2026

All-time low

37

Apr 2025

Average rank

66

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
62
11
9
3
Price/Earnings
21
47
17
10
Price/Book
45
42
19
8
Dividend Yield
1
1
1
1
Value (overall)
37
10
6
1

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →