Obermatt

Incyte

NSQ:INCY · US45337C1027
BiotechnologyLarge

360

95
EV / EBIT91
Price / Owner Earnings37
Cash yield96
Price/Sales87
EV / Gross Profit78
Price/Book50
Return on Capital96
Cash Return on Capital91
Return on Equity89
EBIT Margin76
Gross Profitability70
Cash Conversion26
Accruals44
Owner Earnings Margin84
Sales growth49
Profit Growth100
Long-Term EPS Growth54
Owner Earnings Growth78
Reinvestment43
Price momentum54
Debt load84
Refinancing75
Debt Payback100
Liquidity100
Analyst ratings5
Opinion Changes74
Price Target Upside12
Market mood65
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Incyte generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryBiotechnology
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded1991
Employees2,945
Websiteincyte.com
ISINUS45337C1027
Last UpdateApr 2, 2026
Themes
InflammationHematologyImmunologyStem Cell TherapyChronic DiseasesDermatologyOncologyBiotechnologyMedicalMedical DevicePharmaceutical

Description

Incyte Corporation operates as a biopharmaceutical company. The company engages in the discovery, development, and commercialization of proprietary therapeutics. The company is focused in two therapeutic areas that are defined by the indications of…

Analysis

Hidden champion

Incyte Corporation fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 14.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 2% a year, against analyst forecasts of 12%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
92
2026

All-time high

97

Feb 2026

All-time low

65

Mar 2026

Average rank

85

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
87
Price/Earnings
7
Price/Book
50
Dividend Yield
Value (overall)
69

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare Incyte with its peers
Legend Biotech
NSQ:LEGN
30
CountryUSA
IndustryBiotechnology
SizeMedium
Full Stock Analysis →
Sellas Life Sciences
NAQ:SLS
62
CountryUSA
IndustryBiotechnology
SizeSmall
Full Stock Analysis →
Seres Therapeutics
NSQ:MCRB
6
CountryUSA
IndustryBiotechnology
SizeSmall
Full Stock Analysis →
Kalvista Pharmaceuticals
NMQ:KALV
60
CountryUSA
IndustryBiotechnology
SizeSmall
Full Stock Analysis →
Syndax Pharmaceuticals
NSQ:SNDX
59
CountryUSA
IndustryBiotechnology
SizeSmall
Full Stock Analysis →
MacroGenics
NSQ:MGNX
24
CountryUSA
IndustryBiotechnology
SizeSmall
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →