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NovoCure Valuation Multiples

Discover revenue and EBITDA valuation multiples for NovoCure and similar public comparables like SmartVest, Perspective Therapeutics, and InfuSystem.

NovoCure Overview

About NovoCure

NovoCure Ltd is an oncology company with a propreitary platform technology in United States. Its business involves the development, manufacture and commercialization of Tumor Treating Fields (TTFields) devices, including Optune Gio and Optune Lua, for the treatment of solid tumor cancers. Its pipeline consists of Trident, Lunar-2, Panova-3, Metis and other products and technologies for the treatment of Glioblastoma, Non-smell cell lung cancer and Pancreatic cancer. Geographically, the company derives majority of its revenue from the United States and rest from Germany, Japan and other markets.


Founded

2000

HQ

United States of America
Employees

1.5K+

Website

novocure.com

Financials

LTM Revenue $608M

LTM EBITDA -$4.9M

EV

$1.5B

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NovoCure Financials

NovoCure has a last 12-month revenue of $608M and a last 12-month EBITDA of -$4.9M.

In the most recent fiscal year, NovoCure achieved revenue of $605M and an EBITDA of -$110M.

NovoCure expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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NovoCure P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $509M $605M XXX XXX XXX
Gross Profit $423M $381M XXX XXX XXX
Gross Margin 83% 63% XXX XXX XXX
EBITDA -$177M -$110M XXX XXX XXX
EBITDA Margin -35% -18% XXX XXX XXX
Net Profit -$92.5M -$207M XXX XXX XXX
Net Margin -18% -34% XXX XXX XXX
Net Debt $450M $328M XXX XXX XXX

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NovoCure Stock Performance

As of April 15, 2025, NovoCure's stock price is $17.

NovoCure has current market cap of $1.8B, and EV of $1.5B.

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NovoCure Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.5B $1.8B XXX XXX XXX XXX $-1.68

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NovoCure Valuation Multiples

As of April 15, 2025, NovoCure has market cap of $1.8B and EV of $1.5B.

NovoCure's trades at 2.5x LTM EV/Revenue multiple, and -312.0x LTM EBITDA.

Analysts estimate NovoCure's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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NovoCure Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $1.5B XXX XXX XXX
EV/Revenue 2.5x XXX XXX XXX
EV/EBITDA -14.1x XXX XXX XXX
P/E -10.8x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -22.3x XXX XXX XXX

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NovoCure Valuation Multiples

NovoCure's NTM/LTM revenue growth is 4%

NovoCure's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.4M for the same period.

Over next 12 months, NovoCure's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate NovoCure's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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NovoCure Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 19% XXX XXX XXX XXX
EBITDA Margin -18% XXX XXX XXX XXX
EBITDA Growth -38% XXX XXX XXX XXX
Rule of 40 (SaaS-only) -14% XXX XXX XXX XXX
Revenue per Employee $0.4M XXX XXX XXX XXX
Opex per Employee $0.4M XXX XXX XXX XXX
S&M Expenses to Revenue 40% XXX XXX XXX XXX
G&A Expenses to Revenue 31% XXX XXX XXX XXX
R&D Expenses to Revenue 35% XXX XXX XXX XXX
Opex to Revenue 106% XXX XXX XXX XXX

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NovoCure Public Comps

See public comps and valuation multiples for Medical Devices comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Philips XXX XXX XXX XXX XXX XXX
Perspective Therapeutics XXX XXX XXX XXX XXX XXX
SmartVest XXX XXX XXX XXX XXX XXX
InfuSystem XXX XXX XXX XXX XXX XXX
Myomo XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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NovoCure M&A and Investment Activity

NovoCure acquired  XXX companies to date.

Last acquisition by NovoCure was  XXXXXXXX, XXXXX XXXXX XXXXXX . NovoCure acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by NovoCure

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About NovoCure

When was NovoCure founded? NovoCure was founded in 2000.
Where is NovoCure headquartered? NovoCure is headquartered in United States of America.
How many employees does NovoCure have? As of today, NovoCure has 1.5K+ employees.
Who is the CEO of NovoCure? NovoCure's CEO is Ms. Ashley Cordova.
Is NovoCure publicy listed? Yes, NovoCure is a public company listed on NAS.
What is the stock symbol of NovoCure? NovoCure trades under NVCR ticker.
When did NovoCure go public? NovoCure went public in 2015.
Who are competitors of NovoCure? Similar companies to NovoCure include e.g. Philips, Perspective Therapeutics, SmartVest, InfuSystem.
What is the current market cap of NovoCure? NovoCure's current market cap is $1.8B
What is the current revenue of NovoCure? NovoCure's last 12-month revenue is $608M.
What is the current EBITDA of NovoCure? NovoCure's last 12-month EBITDA is -$4.9M.
What is the current EV/Revenue multiple of NovoCure? Current revenue multiple of NovoCure is 2.5x.
What is the current EV/EBITDA multiple of NovoCure? Current EBITDA multiple of NovoCure is -312.0x.
What is the current revenue growth of NovoCure? NovoCure revenue growth between 2023 and 2024 was 19%.
Is NovoCure profitable? Yes, NovoCure is EBITDA-positive (as of the last 12 months).

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