(INCY) Incyte - Ratings and Ratios
JAKAFI, MONJUVI, PEMAZYRE, ICLUSIG, ZYNYZ
INCY EPS (Earnings per Share)
INCY Revenue
Description: INCY Incyte October 31, 2025
Incyte Corporation (NASDAQ: INCY) is a U.S.–based biopharmaceutical firm that discovers, develops, and commercializes specialty therapeutics across the United States, Europe, Canada, and Japan. Its approved portfolio includes ruxolitinib (JAKAFI/OPZELURA) for myelofibrosis, polycythemia vera and graft-versus-host disease; tafasitamab (MONJUVI/MINJUVI) for relapsed/refractory diffuse large B-cell lymphoma; pemigatinib (PEMAZYRE) for biliary tract cancers; ponatinib (ICLUSIG) for chronic myeloid leukemia and Ph-positive ALL; retifanlimab (ZYNYZ) for Merkel cell carcinoma; and axatilimab (NIKTIMVO) for chronic GVHD, plus a topical ruxolitinib cream for atopic dermatitis. The pipeline spans multiple modalities, including a CDK2 inhibitor for ovarian cancer, a KRAS G12D-targeted agent, and several immunomodulators for dermatologic and neuro-immune disorders.
Key quantitative points (FY 2023, per the company’s 10-K) show total revenue of approximately $2.5 billion, driven largely by JAKAFI and ICLUSIG, with a year-over-year growth rate of ~12 %. R&D expenditure was $720 million, representing roughly 29 % of revenue, underscoring a heavy reinvestment model typical for biotech firms. The JAK-inhibitor market is projected to expand at a CAGR of ~10 % through 2029, providing a favorable macro-trend for Incyte’s core assets, while the broader oncology biotech sector has seen a 15 % increase in M&A activity in 2024, indicating potential partnership or acquisition upside.
For a deeper quantitative assessment of Incyte’s valuation metrics and peer comparison, the ValueRay platform offers a data-driven dashboard worth exploring.
INCY Stock Overview
| Market Cap in USD | 18,352m |
| Sub-Industry | Biotechnology |
| IPO / Inception | 1993-11-04 |
INCY Stock Ratings
| Growth Rating | 27.2% |
| Fundamental | 89.4% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 13.3% |
| Analyst Rating | 3.67 of 5 |
INCY Dividends
Currently no dividends paidINCY Growth Ratios
| Growth Correlation 3m | 60.5% |
| Growth Correlation 12m | 38.2% |
| Growth Correlation 5y | -42.2% |
| CAGR 5y | 10.40% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.26 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.49 |
| Sharpe Ratio 12m | 2.04 |
| Alpha | 22.87 |
| Beta | 0.737 |
| Volatility | 33.44% |
| Current Volume | 3531.2k |
| Average Volume 20d | 2070.9k |
| Stop Loss | 98.8 (-4%) |
| Signal | 1.39 |
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (1.19b TTM) > 0 and > 6% of Revenue (6% = 288.8m TTM) |
| FCFTA 0.19 (>2.0%) and ΔFCFTA 18.57pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 61.02% (prev 32.07%; Δ 28.95pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.20 (>3.0%) and CFO 1.25b > Net Income 1.19b (YES >=105%, WARN >=100%) |
| Net Debt (-2.42b) to EBITDA (1.63b) ratio: -1.48 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.19 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (201.4m) change vs 12m ago 2.85% (target <= -2.0% for YES) |
| Gross Margin 91.91% (prev 92.40%; Δ -0.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 84.87% (prev 81.31%; Δ 3.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 919.9 (EBITDA TTM 1.63b / Interest Expense TTM 1.67m) >= 6 (WARN >= 3) |
Altman Z'' 4.78
| (A) 0.46 = (Total Current Assets 4.28b - Total Current Liabilities 1.34b) / Total Assets 6.33b |
| (B) -0.01 = Retained Earnings (Balance) -85.5m / Total Assets 6.33b |
| (C) 0.27 = EBIT TTM 1.54b / Avg Total Assets 5.67b |
| (D) -0.04 = Book Value of Equity -70.8m / Total Liabilities 1.68b |
| Total Rating: 4.78 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 89.43
| 1. Piotroski 6.50pt = 1.50 |
| 2. FCF Yield 7.74% = 3.87 |
| 3. FCF Margin 24.87% = 6.22 |
| 4. Debt/Equity 0.01 = 2.50 |
| 5. Debt/Ebitda -1.48 = 2.50 |
| 6. ROIC - WACC (= 27.26)% = 12.50 |
| 7. RoE 29.83% = 2.49 |
| 8. Rev. Trend 86.99% = 6.52 |
| 9. EPS Trend 26.70% = 1.33 |
What is the price of INCY shares?
Over the past week, the price has changed by +12.30%, over one month by +17.99%, over three months by +31.88% and over the past year by +35.87%.
Is Incyte a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of INCY is around 100.63 USD . This means that INCY is currently overvalued and has a potential downside of -2.23%.
Is INCY a buy, sell or hold?
- Strong Buy: 8
- Buy: 3
- Hold: 15
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the INCY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 89.1 | -13.4% |
| Analysts Target Price | 89.1 | -13.4% |
| ValueRay Target Price | 112.4 | 9.2% |
INCY Fundamental Data Overview November 02, 2025
P/E Trailing = 15.8441
P/E Forward = 12.5
P/S = 3.813
P/B = 4.0395
P/EG = 0.1286
Beta = 0.737
Revenue TTM = 4.81b USD
EBIT TTM = 1.54b USD
EBITDA TTM = 1.63b USD
Long Term Debt = 33.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = 4.49m USD (from shortTermDebt, last quarter)
Debt = 35.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.42b USD (from netDebt column, last quarter)
Enterprise Value = 15.46b USD (18.35b + Debt 35.4m - CCE 2.93b)
Interest Coverage Ratio = 919.9 (Ebit TTM 1.54b / Interest Expense TTM 1.67m)
FCF Yield = 7.74% (FCF TTM 1.20b / Enterprise Value 15.46b)
FCF Margin = 24.87% (FCF TTM 1.20b / Revenue TTM 4.81b)
Net Margin = 24.69% (Net Income TTM 1.19b / Revenue TTM 4.81b)
Gross Margin = 91.91% ((Revenue TTM 4.81b - Cost of Revenue TTM 389.4m) / Revenue TTM)
Gross Margin QoQ = 92.75% (prev 92.13%)
Tobins Q-Ratio = 2.44 (Enterprise Value 15.46b / Total Assets 6.33b)
Interest Expense / Debt = 1.68% (Interest Expense 594.0k / Debt 35.4m)
Taxrate = 12.05% (58.1m / 482.3m)
NOPAT = 1.35b (EBIT 1.54b * (1 - 12.05%))
Current Ratio = 3.19 (Total Current Assets 4.28b / Total Current Liabilities 1.34b)
Debt / Equity = 0.01 (Debt 35.4m / totalStockholderEquity, last quarter 4.65b)
Debt / EBITDA = -1.48 (Net Debt -2.42b / EBITDA 1.63b)
Debt / FCF = -2.02 (Net Debt -2.42b / FCF TTM 1.20b)
Total Stockholder Equity = 3.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.78% (Net Income 1.19b / Total Assets 6.33b)
RoE = 29.83% (Net Income TTM 1.19b / Total Stockholder Equity 3.98b)
RoCE = 38.30% (EBIT 1.54b / Capital Employed (Equity 3.98b + L.T.Debt 33.5m))
RoIC = 35.98% (NOPAT 1.35b / Invested Capital 3.76b)
WACC = 8.72% (E(18.35b)/V(18.39b) * Re(8.73%) + D(35.4m)/V(18.39b) * Rd(1.68%) * (1-Tc(0.12)))
Discount Rate = 8.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -2.95%
[DCF Debug] Terminal Value 69.28% ; FCFE base≈724.9m ; Y1≈515.4m ; Y5≈276.3m
Fair Price DCF = 24.03 (DCF Value 4.72b / Shares Outstanding 196.3m; 5y FCF grow -33.99% → 3.0% )
EPS Correlation: 26.70 | EPS CAGR: 60.05% | SUE: 4.0 | # QB: 1
Revenue Correlation: 86.99 | Revenue CAGR: 15.15% | SUE: 2.47 | # QB: 5
Additional Sources for INCY Stock
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