MorphoSys AG

SWX:MOR Stock Report

Market Cap: CHF 2.4b

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

MorphoSys Valuation

Is MOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MOR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MOR's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MOR?

Key metric: As MOR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MOR. This is calculated by dividing MOR's market cap by their current revenue.
What is MOR's PS Ratio?
PS Ratio10.5x
Sales€241.47m
Market Cap€2.53b

Price to Sales Ratio vs Peers

How does MOR's PS Ratio compare to its peers?

The above table shows the PS ratio for MOR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12x
BSLN Basilea Pharmaceutica
3.3x5.9%CHF 498.8m
KURN Kuros Biosciences
14.4xn/aCHF 759.0m
IDIA Idorsia
1.9x36.0%CHF 137.5m
MOLN Molecular Partners
28.4x57.9%CHF 170.7m
MOR MorphoSys
10.5x25.0%CHF 2.5b

Price-To-Sales vs Peers: MOR is good value based on its Price-To-Sales Ratio (10.5x) compared to the peer average (11.1x).

Price to Sales Ratio vs Industry

How does MOR's PS Ratio compare vs other companies in the European Biotechs Industry?

40 CompaniesPrice / SalesEstimated GrowthMarket Cap
MOR 10.5xIndustry Avg. 8.2xNo. of Companies40PS0816243240+
40 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MOR is expensive based on its Price-To-Sales Ratio (10.5x) compared to the European Biotechs industry average (9.5x).

Price to Sales Ratio vs Fair Ratio

What is MOR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MOR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.5x
Fair PS Ratio7.5x

Price-To-Sales vs Fair Ratio: MOR is expensive based on its Price-To-Sales Ratio (10.5x) compared to the estimated Fair Price-To-Sales Ratio (7.5x).

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 MOR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 59.21
0%
16.5%CHF 63.57CHF 37.39n/a6
Dec ’25n/a
CHF 59.21
0%
16.5%CHF 63.57CHF 37.39n/a6
Nov ’25CHF 102.00
CHF 59.21
-42.0%
16.5%CHF 63.57CHF 37.39n/a6
Oct ’25n/a
CHF 59.21
0%
16.5%CHF 63.57CHF 37.39n/a6
Sep ’25n/a
CHF 59.21
0%
16.5%CHF 63.57CHF 37.39n/a6
Aug ’25CHF 102.00
CHF 55.35
-45.7%
25.3%CHF 64.11CHF 29.22n/a7
Jul ’25CHF 102.00
CHF 57.61
-43.5%
25.3%CHF 66.73CHF 30.42n/a7
Jun ’25CHF 102.00
CHF 57.61
-43.5%
25.3%CHF 66.73CHF 30.42n/a7
May ’25CHF 102.00
CHF 57.61
-43.5%
25.3%CHF 66.73CHF 30.42n/a7
Apr ’25CHF 102.00
CHF 56.48
-44.6%
25.3%CHF 65.42CHF 29.82n/a7
Mar ’25CHF 102.00
CHF 47.43
-53.5%
36.4%CHF 64.03CHF 20.71n/a8
Feb ’25CHF 102.00
CHF 29.29
-71.3%
33.5%CHF 43.91CHF 14.01n/a10
Jan ’25CHF 102.00
CHF 29.21
-71.4%
33.6%CHF 44.28CHF 14.13n/a10
Dec ’24CHF 102.00
CHF 30.03
-70.6%
33.3%CHF 45.34CHF 14.47n/a8
Nov ’24CHF 102.00
CHF 33.05
-67.6%
17.8%CHF 43.32CHF 24.07CHF 102.009
Oct ’24CHF 102.00
CHF 30.14
-70.5%
29.1%CHF 42.90CHF 12.87n/a9
Sep ’24CHF 102.00
CHF 26.81
-73.7%
38.9%CHF 43.18CHF 11.99n/a8
Aug ’24CHF 102.00
CHF 26.89
-73.6%
40.0%CHF 44.84CHF 11.93CHF 102.008
Jul ’24CHF 102.00
CHF 25.02
-75.5%
50.9%CHF 46.00CHF 12.23CHF 102.008
Jun ’24CHF 102.00
CHF 22.45
-78.0%
59.3%CHF 45.75CHF 11.68CHF 102.008
May ’24CHF 102.00
CHF 17.99
-82.4%
58.8%CHF 41.25CHF 10.80CHF 102.008
Apr ’24CHF 102.00
CHF 18.09
-82.3%
58.8%CHF 41.49CHF 10.87CHF 102.008
Mar ’24CHF 102.00
CHF 18.02
-82.3%
59.2%CHF 41.48CHF 10.86CHF 102.008
Feb ’24CHF 102.00
CHF 23.15
-77.3%
76.2%CHF 64.18CHF 10.86CHF 102.009
Jan ’24CHF 102.00
CHF 24.72
-75.8%
67.8%CHF 64.14CHF 11.84CHF 102.009
Dec ’23CHF 102.00
CHF 28.58
-72.0%
60.9%CHF 63.82CHF 12.76CHF 102.009

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/08/05 21:40
End of Day Share Price 2024/08/05 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MorphoSys AG is covered by 35 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Olav ZilianBaader Helvea Equity Research
Brian BalchinBarclays
Rosie TurnerBarclays