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GALAPAGOS NV (GLPG.AS) Stock Fundamental Analysis

AMS:GLPG - Euronext Amsterdam - BE0003818359 - Common Stock - Currency: EUR

24.5  -0.12 (-0.49%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to GLPG. GLPG was compared to 72 industry peers in the Biotechnology industry. GLPG has an average financial health and profitability rating. GLPG is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

In the past year GLPG was profitable.
In the past year GLPG has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: GLPG reported negative net income in multiple years.
In the past 5 years GLPG always reported negative operating cash flow.
GLPG.AS Yearly Net Income VS EBIT VS OCF VS FCFGLPG.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

1.2 Ratios

Looking at the Return On Assets, with a value of 2.97%, GLPG belongs to the top of the industry, outperforming 80.56% of the companies in the same industry.
With an excellent Return On Equity value of 4.24%, GLPG belongs to the best of the industry, outperforming 80.56% of the companies in the same industry.
Industry RankSector Rank
ROA 2.97%
ROE 4.24%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
GLPG.AS Yearly ROA, ROE, ROICGLPG.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30

1.3 Margins

With an excellent Profit Margin value of 23.04%, GLPG belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
GLPG's Profit Margin has improved in the last couple of years.
GLPG has a Gross Margin of 89.88%. This is amongst the best in the industry. GLPG outperforms 88.89% of its industry peers.
In the last couple of years the Gross Margin of GLPG has declined.
Industry RankSector Rank
OM N/A
PM (TTM) 23.04%
GM 89.88%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y6.72%
GM growth 3Y-3.72%
GM growth 5YN/A
GLPG.AS Yearly Profit, Operating, Gross MarginsGLPG.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100

5

2. Health

2.1 Basic Checks

GLPG does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for GLPG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
GLPG.AS Yearly Shares OutstandingGLPG.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
GLPG.AS Yearly Total Debt VS Total AssetsGLPG.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.2 Solvency

Based on the Altman-Z score of 1.49, we must say that GLPG is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.49, GLPG is doing good in the industry, outperforming 62.50% of the companies in the same industry.
GLPG has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.00, GLPG belongs to the best of the industry, outperforming 93.06% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 1.49
ROIC/WACCN/A
WACC7.84%
GLPG.AS Yearly LT Debt VS Equity VS FCFGLPG.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

A Current Ratio of 9.97 indicates that GLPG has no problem at all paying its short term obligations.
With an excellent Current ratio value of 9.97, GLPG belongs to the best of the industry, outperforming 97.22% of the companies in the same industry.
A Quick Ratio of 9.81 indicates that GLPG has no problem at all paying its short term obligations.
GLPG has a Quick ratio of 9.81. This is amongst the best in the industry. GLPG outperforms 97.22% of its industry peers.
Industry RankSector Rank
Current Ratio 9.97
Quick Ratio 9.81
GLPG.AS Yearly Current Assets VS Current LiabilitesGLPG.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

1

3. Growth

3.1 Past

The earnings per share for GLPG have decreased strongly by -54.06% in the last year.
GLPG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.64% yearly.
Looking at the last year, GLPG shows a very negative growth in Revenue. The Revenue has decreased by -31.28% in the last year.
GLPG shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -18.61% yearly.
EPS 1Y (TTM)-54.06%
EPS 3YN/A
EPS 5Y-14.64%
EPS Q2Q%-65.11%
Revenue 1Y (TTM)-31.28%
Revenue growth 3Y-16.25%
Revenue growth 5Y-18.61%
Sales Q2Q%-5.45%

3.2 Future

The Earnings Per Share is expected to decrease by -24.53% on average over the next years. This is quite bad
Based on estimates for the next years, GLPG will show a small growth in Revenue. The Revenue will grow by 4.52% on average per year.
EPS Next Y58.04%
EPS Next 2Y-6.62%
EPS Next 3Y-24.95%
EPS Next 5Y-24.53%
Revenue Next Year-6.96%
Revenue Next 2Y-3.43%
Revenue Next 3Y-5.85%
Revenue Next 5Y4.52%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
GLPG.AS Yearly Revenue VS EstimatesGLPG.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M 800M 1B
GLPG.AS Yearly EPS VS EstimatesGLPG.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 2 -2 4 -4

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.24, GLPG is valued correctly.
Based on the Price/Earnings ratio, GLPG is valued cheaply inside the industry as 93.06% of the companies are valued more expensively.
GLPG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
GLPG is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 13.24
Fwd PE N/A
GLPG.AS Price Earnings VS Forward Price EarningsGLPG.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
GLPG.AS Per share dataGLPG.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A cheap valuation may be justified as GLPG's earnings are expected to decrease with -24.95% in the coming years.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y-6.62%
EPS Next 3Y-24.95%

0

5. Dividend

5.1 Amount

GLPG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

GALAPAGOS NV

AMS:GLPG (3/7/2025, 7:00:00 PM)

24.5

-0.12 (-0.49%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)02-12 2025-02-12/amc
Earnings (Next)04-23 2025-04-23
Inst Owners48.62%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap1.61B
Analysts50
Price Target30.84 (25.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)127.05%
Min Revenue beat(2)-15.5%
Max Revenue beat(2)269.59%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-7.64%
PT rev (3m)-13.78%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)59.02%
EPS NY rev (3m)-2.34%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.63%
Revenue NY rev (3m)-1.3%
Valuation
Industry RankSector Rank
PE 13.24
Fwd PE N/A
P/S 3.03
P/FCF N/A
P/OCF N/A
P/B 0.56
P/tB 0.61
EV/EBITDA N/A
EPS(TTM)1.85
EY7.55%
EPS(NY)-0.55
Fwd EYN/A
FCF(TTM)-6.1
FCFYN/A
OCF(TTM)-4.86
OCFYN/A
SpS8.09
BVpS43.96
TBVpS40.4
PEG (NY)0.23
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.97%
ROE 4.24%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 23.04%
GM 89.88%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y6.72%
GM growth 3Y-3.72%
GM growth 5YN/A
F-Score2
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 15.4%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 9.97
Quick Ratio 9.81
Altman-Z 1.49
F-Score2
WACC7.84%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)15.33%
Cap/Sales(5y)14.79%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-54.06%
EPS 3YN/A
EPS 5Y-14.64%
EPS Q2Q%-65.11%
EPS Next Y58.04%
EPS Next 2Y-6.62%
EPS Next 3Y-24.95%
EPS Next 5Y-24.53%
Revenue 1Y (TTM)-31.28%
Revenue growth 3Y-16.25%
Revenue growth 5Y-18.61%
Sales Q2Q%-5.45%
Revenue Next Year-6.96%
Revenue Next 2Y-3.43%
Revenue Next 3Y-5.85%
Revenue Next 5Y4.52%
EBIT growth 1Y-269.72%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-5.68%
EBIT Next 3Y-17.01%
EBIT Next 5Y-15.13%
FCF growth 1Y5.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y21.17%
OCF growth 3YN/A
OCF growth 5YN/A