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Genmab A/S (GMAB.CO)

DKK1,893.00 -10.50 (-0.55%)
DK CPH Healthcare Biotechnology
Address Kalvebod Brygge 43 1560
Copenhagen, DK
CEO Jan van de Winkel
Website genmab.com
IPO 2000-10-20
ISIN DK0010272202

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Also trades on Frankfurt Stock Exchange · GE9.F (EUR) NASDAQ Copenhagen · GMAB.CO (DKK) NASDAQ Global Select · GMAB (USD) Other OTC · GNMSF (USD)
Description

Genmab A/S, a biotechnology firm based in Copenhagen, Denmark, specializes in the discovery and development of innovative antibody-based treatments for various forms of cancer and other serious conditions. The company currently commercializes several key therapeutic antibodies. DARZALEX (daratumumab) is utilized in the treatment of multiple myeloma (MM), specific non-MM blood cancers, and AL amyloidosis. Other marketed offerings include teprotumumab for thyroid eye disease, ofatumumab, which addresses chronic lymphocytic leukemia (CLL) and multiple sclerosis, and Amivantamab for advanced or metastatic non-small cell lung cancer (NSCLC) as well as gastric or esophageal cancers. Genmab maintains an extensive and active development pipeline, featuring a broad range of experimental therapies. This includes GEN1047, tisotumab vedotin (targeting cervical, ovarian, and other solid cancers), and bispecific antibodies such as DuoBody-PD-L1x4-1BB and DuoBody-CD40x4-1BB, which are engineered for solid tumors. Epcoritamab is being developed for relapsed/refractory diffuse large B-cell lymphoma and CLL, while HexaBody-CD38 and DuoHexaBody-CD37 are designed to treat hematological malignancies. Further assets in the pipeline encompass Teclistamab, currently in Phase 2 clinical trials for vaso-occlusive crises, Camidanlumab tesirine for Hodgkin lymphoma and solid tumors, JNJ-64007957 and JNJ-64407564 for MM, PRV-015 for celiac disease, Mim8 for haemophilia A, and Lu AF82422 for multiple system atrophy. Additionally, the company is engaged in approximately 20 pre-clinical research programs. Strategic collaborations are a cornerstone of Genmab's operational model. It holds a commercial license and co-development agreement with Seagen Inc. for tisotumab vedotin. The company also partners with CureVac AG on the research and development of mRNA-based antibody products, with argenx for the discovery of novel therapeutic antibodies in immunology and oncology, and with AbbVie for the development of epcoritamab. Other notable collaborators include BioNTech, Janssen, Novo Nordisk A/S, BliNK Biomedical SAS, and Bolt Biotherapeutics, Inc. Genmab A/S was established in 1999 and is headquartered in Copenhagen, Denmark.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
DKK1,893.00 -10.50 (-0.55%)
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Volume Profile
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Liquidity & share structure
Average Volume
155.9K
Beta
0.69
Float Shares
60.66M
Free Float %
98.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.45% -6.48% -6.90% -11.40% -15.21% -16.97% +26.25% -41.91% -25.30% +66.15% +566.60%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (12 ratings, all time) Buy
Price Targets & DCF
Current price
1,893.00
DCF (Unlevered) 412.71 -78.2%
DCF (Levered) 418.68 -77.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 10 0
Hold 3 -2
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
11.88
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    -82.1% Q1'26: -82.6% (vs Q1'25)
  • EPS growth Biotechnology: +29.7%
    -86.9% Q1'26: -96.0% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
    +32.5% Q1'26: -0.2% (vs Q1'25)
  • EBIT margin Biotechnology: +0.0%
    +33.6% Q1'26: +25.1% (vs Q1'25)
  • ROIC Biotechnology: -16.1%
    +10.7% Q1'26: +13.9% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    -3.0% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    4.05× Q1'26: 0.47× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.70) × ERP
WACC = 95% × Ke + 5% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 412.71 Current price: 1,893.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
19 Rev. Ana.
12 EPS Ana.
Dec 2027
18 Rev. Ana.
13 EPS Ana.
Dec 2028
14 Rev. Ana.
12 EPS Ana.
Dec 2029
9 Rev. Ana.
10 EPS Ana.
Dec 2030
13 Rev. Ana.
5 EPS Ana.
Revenue
1.13B
est: 161.37M (+602.1%)
1.82B
est: 249.08M (+629.1%)
2.37B
est: 364.09M (+549.7%)
3.03B
est: 459.24M (+558.7%)
5.37B
est: 756.14M (+609.7%)
10.11B
est: 1.61B (+529.3%)
8.48B
est: 1.28B (+564.7%)
14.60B
est: 2.05B (+613.1%)
16.47B
est: 2.74B (+501.7%)
21.53B
est: 3.00B (+618.4%)
3.86B
est: 3.71B (+4.1%)
4.26B
4.07B – 4.44B
+15.0% YoY
5.03B
4.56B – 5.35B
+17.9% YoY
6.10B
5.66B – 6.43B
+21.3% YoY
6.21B
5.76B – 6.54B
+1.8% YoY
6.45B
5.99B – 6.80B
+3.9% YoY
EBITDA
789.47M
est: 78.05M (+911.5%)
1.17B
est: 120.46M (+872.4%)
1.11B
est: 176.09M (+532.7%)
1.70B
est: 222.10M (+665.3%)
3.01B
est: 365.69M (+721.7%)
6.16B
est: 777.01M (+692.8%)
4.18B
est: 617.18M (+577.1%)
7.33B
est: 989.82M (+640.3%)
5.99B
est: 1.19B (+405.5%)
9.70B
est: 1.30B (+647.8%)
1.37B
est: 1.60B (-14.6%)
1.84B
1.76B – 1.92B
+15.0% YoY
2.18B
1.97B – 2.32B
+17.9% YoY
2.64B
2.45B – 2.78B
+21.3% YoY
2.69B
2.49B – 2.83B
+1.8% YoY
2.79B
2.59B – 2.94B
+3.9% YoY
EBIT
757.65M
est: 74.25M (+920.4%)
1.13B
est: 114.60M (+886.4%)
1.07B
est: 167.52M (+536.7%)
1.61B
est: 211.30M (+662.9%)
2.87B
est: 347.90M (+723.8%)
5.91B
est: 739.21M (+700.0%)
4.00B
est: 587.15M (+580.6%)
6.97B
est: 941.67M (+639.8%)
5.66B
est: 1.12B (+404.1%)
9.28B
est: 1.23B (+655.1%)
1.30B
est: 1.52B (-14.7%)
1.75B
1.67B – 1.82B
+15.0% YoY
2.06B
1.87B – 2.20B
+17.9% YoY
2.50B
2.32B – 2.64B
+21.3% YoY
2.55B
2.37B – 2.69B
+1.8% YoY
2.65B
2.46B – 2.79B
+3.9% YoY
Net Income
763.51M
est: 89.87M (+749.6%)
1.19B
est: 145.59M (+715.3%)
1.10B
est: 177.89M (+520.3%)
1.47B
est: 204.54M (+619.7%)
2.17B
est: 323.90M (+568.7%)
4.76B
est: 760.48M (+525.7%)
2.96B
est: 429.91M (+587.8%)
5.45B
est: 929.87M (+486.3%)
4.35B
est: 797.70M (+445.6%)
7.84B
est: 745.33M (+952.4%)
999.19M
est: 1.07B (-6.5%)
803.01M
598.50M – 1.01B
-24.9% YoY
1.04B
657.92M – 1.43B
+30.1% YoY
1.58B
992.27M – 2.17B
+51.2% YoY
1.49B
1.35B – 1.60B
-5.6% YoY
1.61B
1.46B – 1.73B
+8.1% YoY
SGA
91.22M
est: 25.05M (+264.1%)
102.41M
est: 38.67M (+164.9%)
146.99M
est: 56.52M (+160.1%)
213.70M
est: 71.29M (+199.7%)
342.00M
est: 117.38M (+191.4%)
661.00M
est: 249.41M (+165.0%)
1.28B
est: 198.10M (+547.6%)
2.68B
est: 317.72M (+742.3%)
3.30B
est: 477.88M (+589.9%)
3.79B
est: 522.94M (+624.8%)
624.62M
est: 646.86M (-3.4%)
743.94M
709.89M – 775.20M
+15.0% YoY
877.39M
795.73M – 933.92M
+17.9% YoY
1.06B
988.49M – 1.12B
+21.3% YoY
1.08B
1.01B – 1.14B
+1.8% YoY
1.13B
1.04B – 1.19B
+3.9% YoY
EPS
13.05
est: 1.39 (+838.6%)
19.83
est: 2.25 (+780.3%)
18.14
est: 2.75 (+559.1%)
24.03
est: 3.16 (+659.3%)
34.40
est: 5.01 (+586.4%)
73.00
est: 11.77 (+520.4%)
46.00
est: 6.65 (+591.6%)
83.38
est: 14.41 (+478.5%)
66.64
est: 12.25 (+443.8%)
122.21
est: 12.02 (+916.4%)
16.08
est: 17.25 (-6.8%)
11.19
9.55 – 16.07
-35.1% YoY
16.45
10.49 – 22.84
+47.0% YoY
25.05
15.83 – 34.59
+52.3% YoY
23.81
21.60 – 25.48
-5.0% YoY
25.73
23.34 – 27.54
+8.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-07 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-06 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-05 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-04 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-30 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-29 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-28 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-27 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-24 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-15 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
418.94M
OE per share TTM
7.17
Owner's Yield
0.42%
Maintenance CapEx ratio
734.29%
Maint CapEx / Avg PPE
9.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
491.7K
Shares Outstanding
61.39M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jan van de Winkel Co-Founder, President & Chief Executive Officer 21M
Rayne Waller Executive Vice President & Chief Technical Operations Officer 11M male
Gregory David Emil Mueller Executive VP, General Counsel & Chief Legal Officer 11M male
Judith V. Klimovsky Executive Vice President & Chief Development Officer 8M
Tahamtan Ahmadi Executive Vice President, Chief Medical Officer & Head of Experimental Medicines 8M
Anthony Pagano Executive Vice President & Chief Financial Officer 7M male
Martine J. van Vugt Executive Vice President & Chief Strategy Officer 6M
Christopher Cozic Executive Vice President & Chief People Officer 5M male
Martin Schultz Senior Director, Head of Development Business Partnership & Strategy and Director 2M male
Mijke Zachariasse Vice President, Head of Antibody Research Materials & Director 2M
Takahiro Hamatani Senior Director of Finance Japan & Non-Independent Director 638.4K male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits