Codexis Inc
NASDAQ:CDXS

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Codexis Inc
NASDAQ:CDXS
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Price: 2.46 USD
Market Cap: 203.8m USD

Relative Value

The Relative Value of one CDXS stock under the Base Case scenario is 3.31 USD. Compared to the current market price of 2.46 USD, Codexis Inc is Undervalued by 26%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CDXS Relative Value
Base Case
3.31 USD
Undervaluation 26%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
60
vs Industry
45
Median 3Y
3.2
Median 5Y
4.6
Industry
3.6
Forward
3
vs History
vs Industry
Median 3Y
-4.1
Median 5Y
-12.6
Industry
28.6
Forward
-3.3
vs History
vs Industry
36
Median 3Y
-4.7
Median 5Y
-34.4
Industry
19.1
vs History
vs Industry
24
Median 3Y
-10
Median 5Y
-22.2
Industry
30.9
vs History
63
vs Industry
28
Median 3Y
2.9
Median 5Y
4
Industry
2.3
vs History
61
vs Industry
48
Median 3Y
2.5
Median 5Y
3.7
Industry
3.3
Forward
2.3
vs History
58
vs Industry
65
Median 3Y
3.1
Median 5Y
4.7
Industry
7.8
vs History
vs Industry
Median 3Y
-4.3
Median 5Y
-10.7
Industry
16.2
Forward
-3.4
vs History
vs Industry
Median 3Y
-3.8
Median 5Y
-9
Industry
21.1
Forward
-2.9
vs History
vs Industry
45
Median 3Y
-3.5
Median 5Y
-28.2
Industry
18.4
vs History
vs Industry
32
Median 3Y
-3.8
Median 5Y
-17.1
Industry
22.5
vs History
74
vs Industry
36
Median 3Y
2.3
Median 5Y
4
Industry
2.1

Multiples Across Competitors

CDXS Competitors Multiples
Codexis Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Codexis Inc
NASDAQ:CDXS
201.4m USD 3.4 -3.1 -2.9 -2.7
US
PerkinElmer Inc
LSE:0KHE
1T USD 372.7 3 601.5 1 262.8 2 575.8
US
Thermo Fisher Scientific Inc
NYSE:TMO
152.2B USD 3.5 23.4 16.4 22.7
US
Danaher Corp
NYSE:DHR
135.8B USD 5.7 36.1 19.9 29
KR
Samsung Biologics Co Ltd
KRX:207940
70.7T KRW 15.6 65.3 36.7 53.3
CH
Lonza Group AG
SIX:LONN
39.3B CHF 6 61.7 22.6 35.3
US
Agilent Technologies Inc
NYSE:A
30.5B USD 4.7 24.2 17.8 20.8
US
IQVIA Holdings Inc
NYSE:IQV
25.9B USD 1.7 19.4 11 16.4
CN
WuXi AppTec Co Ltd
SSE:603259
170.6B CNY 4.2 15.3 14.5 14.5
US
Mettler-Toledo International Inc
NYSE:MTD
22.5B USD 5.9 26.5 19.8 22
FR
Sartorius Stedim Biotech SA
PAR:DIM
19.2B EUR 6.8 94.6 30 53.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Codexis Inc
NASDAQ:CDXS
Average EV/EBITDA: 145.2
Negative Multiple: -2.9
N/A N/A
US
P
PerkinElmer Inc
LSE:0KHE
1 262.8
7%
180.4
US
Thermo Fisher Scientific Inc
NYSE:TMO
16.4
8%
2.1
US
Danaher Corp
NYSE:DHR
19.9
7%
2.8
KR
Samsung Biologics Co Ltd
KRX:207940
36.7
17%
2.2
CH
Lonza Group AG
SIX:LONN
22.6
18%
1.3
US
Agilent Technologies Inc
NYSE:A
17.8
10%
1.8
US
IQVIA Holdings Inc
NYSE:IQV
11
9%
1.2
CN
WuXi AppTec Co Ltd
SSE:603259
14.5
23%
0.6
US
Mettler-Toledo International Inc
NYSE:MTD
19.8
6%
3.3
FR
Sartorius Stedim Biotech SA
PAR:DIM
30
19%
1.6