ABCDEFHIJKLMNOPQRSTUVWXYZ
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TickerDXCM2018201920202021202220232024E2025E2026E2027E2028E
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ActionBuyUsers0,45 0,65 0,90 1,25 1,70 2,33,34,45,67,08,51: Bear
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ARPU$ 2.292$ 2.271$ 2.141$ 1.959$ 1.712$ 1.574$ 1.469$ 1.390$ 1.333$ 1.282$ 1.235Case22: Base
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Cap Table3: Bull
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Price as of 29.03.2024
$ 138,70
Revenue
$ 1.032$ 1.476$ 1.927$ 2.449$ 2.910$ 3.622$ 4.808$ 6.151$ 7.480$ 8.927$ 10.521
4: 2026 15 day
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Shares Outstanding 386 yoy43,6%43,1%30,5%27,1%18,8%24,5%32,7%27,9%21,6%19,4%17,9%
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Market Cap$ 53.471,62
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Total Debt$ 2.434,20
Gross Profit
$ 664$ 932$ 1.280$ 1.681$ 1.883$ 2.289$ 3.098$ 4.764$ 5.755$ 6.829$ 7.955
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Cash$ 2.724,10
% margin
64,4%63,1%66,4%68,6%64,7%63,2%64,4%77,4%76,9%76,5%75,6%
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Net Debt($ 289,90)
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Enterprise Value$ 53.181,72R&D($ 200)($ 274)($ 360)($ 517)($ 484)($ 506)($ 601)($ 800)($ 989)($ 1.178)($ 1.379)
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SG&A($ 433)($ 516)($ 618)($ 807)($ 1.000)($ 1.185)($ 1.442)($ 1.907)($ 2.319)($ 2.767)($ 3.367)
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12 Months Base Target
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2024 EPS$ 1,96
Operating Profit
$ 31$ 142$ 302$ 357$ 399$ 598$ 1.055$ 2.057$ 2.447$ 2.883$ 3.209
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Target P/E85x
% margin
3,0%9,6%15,7%14,6%13,7%16,5%21,9%33,4%32,7%32,3%30,5%
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EOY Target Price$ 166,94
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% return20%Adj. EPS($ 0,36)$ 0,27$ 1,41$ 0,49$ 0,87$ 1,52$ 1,96$ 3,80$ 4,52$ 5,30$ 5,87
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yoy415%-66%79%75%29%94%19%17%11%
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12 Months Risk Target
Consensus Adj. EPS
$ 1,74$ 2,21$ 2,76$ 3,37$ 3,96
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EOY Target Price$ 121,99Delta %12,9%72,1%63,7%57,2%48,3%
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% return-12%
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EV/Sales11,06x8,65x7,11x5,96x5,05x
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2026 Base Target
Implied P/E
70,6x36,5x30,7x26,2x23,6x
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2026 EPS$ 4,52
Consensus P/E
79,7x62,8x50,3x41,2x35,0x
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Target P/E50x
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EOY Target Price$ 225,89
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% return63%
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IRR17,7%
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2026 Risk Target
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2026 EPS$ 3,22
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Target P/E50x
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EOY Target Price$ 161,1
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% return16%
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IRR5,1%
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PE Ratio
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