Intrinsiqq
Incyte Corporation logoIncyte CorporationINCY
$113.44-2.73%
Incyte Corporation logo

Incyte Corporation

INCY

$113.44

-$3.18 (-2.73%)

⊜ Compare
ProfitabilityStrong marginsGrowthAcceleratingCash FlowN/AValuationFairly valued
What stands out

Margins and capital returns are both well above average: 29.46% operating margin, ROIC at 26.05%. Consistent with durable pricing power, though that alone doesn't make it a buy.

What's changing

Revenue up 21.2% YoY with margins expanding 28.0pp.

What deserves caution

Even for strong businesses, today's 16x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.

Valuation context

16.0x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.

Price History

+29.9%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$22.99B
EPS$7.08
P/E16.02
P/FCF—
EV/EBITDA11.15
FCF Yield—
Div. Yield—
Net Debt/FCF—
52-Week Range
$88.06$129.72

Profitability & Returns

Revenue (TTM)

$5.36B

▲ +21.2% YoY

Net Income (TTM)

$1.43B

▲ +3845.0% YoY

Op. Margin

30.05%

▲ +28.0pp YoY

ROIC

25.64%

▲ +24.9pp YoY

Cash Flow & Balance Sheet

FCF

N/A

Op. Cash Flow (TTM)

$1.52B

▲ +321.5% YoY

Net Debt

-$3.98B

Net Cash Position

Cash & Equiv.

$4.02B

5Y CAGR: +14.0%

Continue Research

SourceComputed from the 10-Q filed 28 Apr 2026, covering the period ending 31 Mar 2026, as reported to the SEC. Data last refreshed 3 Aug 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Incyte (INCY) overvalued?

At a P/E of 16.0, Incyte (INCY) trades below a two-stage DCF intrinsic value of about $236.95 per share, so at $113.44 the stock looks undervalued (108.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Incyte scores 69/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Incyte's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $236.95 per share for INCY, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $177.71. At today's $113.44, that puts the stock about 108.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Incyte a high-quality business?+

Incyte scores 69 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 30.0% operating margin and a 25.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Is Incyte a good stock to buy right now?+

That depends on valuation and quality together, not either alone. INCY currently trades below its estimated intrinsic value and scores 69/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Services-Commercial Physical & Biological Research

Spot a number that looks wrong? Check it in INCY's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

2 of 2 free stocks used today

Keep analysing INCY

Create a free account and get 14 days of Premium: every stock and every tool.

  • Unlimited stocks
  • Stock screener
  • Portfolio tracker
  • Editable DCF
  • Compare side by side
  • Unlimited alerts

No card. Moves to Free after, unless you upgrade.

Already have an account?

Or come back tomorrow. Stocks on your watchlist are always free to view.

SectorsPrivacyTerms© 2026 Intrinsiqq

Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.