Stock Analysis on Net

Illumina Inc. (NASDAQ:ILMN)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 5, 2021.

Price to Book Value (P/BV)
since 2005

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Calculation

Illumina Inc., P/BV, long-term trends, calculation

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Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2017-01-01), 10-K (reporting date: 2016-01-03), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2012-01-01), 10-K (reporting date: 2011-01-02), 10-K (reporting date: 2010-01-03), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2006-01-01).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Illumina Inc. Annual Report.


Share Price Trend
The share price exhibited notable volatility over the period analyzed. Starting at $12.79 in 2006, there was a general upward trajectory with significant jumps at certain points, reaching as high as $69.40 by 2011. After a dip in 2012 and 2013, the share price surged dramatically from 2014 onwards, culminating in a peak of $494.24 by early 2021. This indicates periods of strong market optimism and investor confidence, particularly from 2014 onward.
Book Value Per Share (BVPS) Trend
BVPS demonstrated consistent growth throughout the years, beginning at $0.88 in 2006 and increasing steadily to $32.17 in 2021. This reflects a steady accumulation of net assets per share, indicating an improving underlying equity base. Despite some fluctuations, the overall upward trend in BVPS suggests sustained internal value creation by the company.
Price-to-Book Value (P/BV) Ratio Trend
The P/BV ratio showed considerable fluctuations, highlighting changes in market valuation relative to book value. Initially extremely high at 14.56 in 2006, it dropped significantly by 2009 to 4.59, suggesting a period when the share price was more closely aligned with book value. Thereafter, the ratio fluctuated, with peaks in 2014 and 2015 exceeding 19, reflecting heightened investor expectations and potentially overvaluation relative to net assets. Towards 2021, the ratio rose again to 15.36, implying that the market valued the company's shares at a considerable premium over book value.
Overall Insights
The data reveals an entity experiencing substantial growth in intrinsic book value, combined with periods of elevated market valuation as reflected by share price surges and high P/B multiples. The divergence between share price increases and more moderate BVPS growth at times suggests speculative market trends or investor expectations beyond current net asset values. The company's valuation multiples remained elevated in the latter years, indicating persistent confidence or growth prospects appreciated by the market despite the premium paid relative to book value.

Comparison to Competitors

Illumina Inc., P/BV, long-term trends, comparison to competitors

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Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2017-01-01), 10-K (reporting date: 2016-01-03), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2012-01-01), 10-K (reporting date: 2011-01-02), 10-K (reporting date: 2010-01-03), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2006-01-01).


Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Illumina Inc., P/BV, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

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Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2017-01-01), 10-K (reporting date: 2016-01-03), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2012-01-01), 10-K (reporting date: 2011-01-02), 10-K (reporting date: 2010-01-03), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2006-01-01).


Comparison to Industry (Health Care)