Is MSB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of MSB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MSB (A$1.67) is trading below our estimate of fair value (A$24.65)
Significantly Below Fair Value: MSB is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MSB?
Key metric: As MSB barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.
The above table shows the Price to Book ratio for MSB. This is calculated by dividing MSB's market cap by their current
book value.
What is MSB's PB Ratio?
PB Ratio
2.6x
Book
US$480.36m
Market Cap
US$1.29b
MSB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Price-To-Book vs Industry: MSB is good value based on its Price-To-Book Ratio (2.6x) compared to the Australian Biotechs industry average (3.1x).
Price to Book Ratio vs Fair Ratio
What is MSB's PB Ratio
compared to its
Fair PB Ratio?
This is the expected PB Ratio taking into
account the company's forecast earnings growth, profit margins
and other risk factors.
MSB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio
2.6x
Fair PB Ratio
n/a
Price-To-Book vs Fair Ratio: Insufficient data to calculate MSB's Price-To-Book Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
The above table shows the analyst MSB forecast and predictions for the stock price in 12 month’s time.
Date
Share Price
Average 1Y Price Target
Dispersion
High
Low
1Y Actual price
Analysts
Current
AU$1.67
AU$1.46
-12.6%
22.0%
AU$1.88
AU$1.10
n/a
3
Nov ’25
AU$1.31
AU$1.46
+11.5%
22.0%
AU$1.88
AU$1.10
n/a
3
Oct ’25
AU$1.21
AU$1.46
+20.7%
22.0%
AU$1.88
AU$1.10
n/a
3
Sep ’25
AU$1.03
AU$1.46
+41.7%
22.0%
AU$1.88
AU$1.10
n/a
3
Aug ’25
AU$0.99
AU$1.25
+25.6%
12.0%
AU$1.40
AU$1.10
n/a
2
Jul ’25
AU$1.00
AU$1.10
+10.0%
27.3%
AU$1.40
AU$0.80
n/a
2
Jun ’25
AU$1.11
AU$1.10
-0.9%
27.3%
AU$1.40
AU$0.80
n/a
2
May ’25
AU$1.10
AU$1.10
0%
27.3%
AU$1.40
AU$0.80
n/a
2
Apr ’25
AU$0.56
AU$0.69
+24.3%
15.9%
AU$0.80
AU$0.58
n/a
2
Mar ’25
AU$0.29
AU$0.64
+116.9%
9.4%
AU$0.70
AU$0.58
n/a
2
Feb ’25
AU$0.26
AU$0.59
+126.9%
1.7%
AU$0.60
AU$0.58
n/a
2
Jan ’25
AU$0.31
AU$1.18
+280.6%
1.7%
AU$1.20
AU$1.16
n/a
2
Dec ’24
AU$0.41
AU$1.38
+240.7%
15.9%
AU$1.60
AU$1.16
AU$1.77
2
Nov ’24
AU$0.38
AU$1.38
+268.0%
15.9%
AU$1.60
AU$1.16
AU$1.31
2
Oct ’24
AU$0.39
AU$2.07
+429.9%
47.8%
AU$3.44
AU$1.16
AU$1.21
3
Sep ’24
AU$0.46
AU$2.08
+352.2%
46.9%
AU$3.44
AU$1.20
AU$1.03
3
Aug ’24
AU$1.09
AU$3.35
+207.0%
17.2%
AU$4.00
AU$2.60
AU$0.99
3
Jul ’24
AU$1.14
AU$3.35
+194.9%
17.2%
AU$4.00
AU$2.60
AU$1.00
3
Jun ’24
AU$1.04
AU$3.35
+223.3%
17.2%
AU$4.00
AU$2.60
AU$1.11
3
May ’24
AU$0.87
AU$3.35
+284.7%
17.2%
AU$4.00
AU$2.60
AU$1.10
3
Apr ’24
AU$0.94
AU$3.35
+254.1%
17.2%
AU$4.00
AU$2.60
AU$0.56
3
Mar ’24
AU$0.94
AU$3.30
+249.2%
21.2%
AU$4.00
AU$2.60
AU$0.29
2
Feb ’24
AU$1.04
AU$2.95
+183.7%
11.9%
AU$3.30
AU$2.60
AU$0.26
2
Jan ’24
AU$0.87
AU$2.90
+233.3%
13.8%
AU$3.30
AU$2.50
AU$0.31
2
Dec ’23
AU$1.11
AU$2.90
+162.4%
13.8%
AU$3.30
AU$2.50
AU$0.41
2
Analyst Forecast: Target price is lower than the current share price.