Mirati Therapeutics, Inc.

DB:26M Stock Report

Market Cap: €3.8b

Mirati Therapeutics Valuation

Is 26M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 26M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 26M (€53.3) is trading below our estimate of fair value (€414.86)

Significantly Below Fair Value: 26M is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 26M?

Key metric: As 26M barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 26M. This is calculated by dividing 26M's market cap by their current book value.
What is 26M's PB Ratio?
PB Ratio4.4x
BookUS$946.47m
Market CapUS$4.12b

Price to Book Ratio vs Peers

How does 26M's PB Ratio compare to its peers?

The above table shows the PB ratio for 26M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.9x
BIO3 Biotest
2x29.3%€1.4b
FYB Formycon
1.4x31.5%€827.2m
HPHA Heidelberg Pharma
2.9x-33.0%€103.9m
1SXP SCHOTT Pharma KGaA
5.2x15.9%€4.0b
26M Mirati Therapeutics
4.4x29.9%€4.1b

Price-To-Book vs Peers: 26M is good value based on its Price-To-Book Ratio (4.4x) compared to the peer average (4.9x).

Price to Book Ratio vs Industry

How does 26M's PB Ratio compare vs other companies in the DE Biotechs Industry?

3 CompaniesPrice / BookEstimated GrowthMarket Cap
V9Z Aceragen
0.1xn/aUS$3.12m
V9Z Aceragen
0.1xn/aUS$2.18m
O7P NeuBase Therapeutics
0.1xn/aUS$1.39m
No more companies available in this PB range
26M 4.4xIndustry Avg. 2.4xNo. of Companies3PB00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 26M is expensive based on its Price-To-Book Ratio (4.4x) compared to the European Biotechs industry average (2.6x).

Price to Book Ratio vs Fair Ratio

What is 26M'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.

26M PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 26M'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 26M forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€55.78
0%
8.2%€65.84€53.04n/a11
Nov ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Oct ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Sep ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Aug ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Jul ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Jun ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
May ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Apr ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Mar ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Feb ’25n/a
€55.78
0%
8.2%€65.84€53.04n/a11
Jan ’25€52.66
€55.78
+5.9%
8.2%€65.84€53.04n/a11
Dec ’24€51.42
€56.41
+9.7%
10.1%€67.32€44.88n/a12
Nov ’24€52.06
€60.60
+16.4%
15.0%€78.58€45.45n/a12
Oct ’24€42.41
€50.13
+18.2%
33.4%€83.41€22.00n/a16
Sep ’24€33.95
€50.13
+47.6%
33.4%€83.41€22.00n/a16
Aug ’24€27.19
€52.22
+92.1%
31.9%€85.63€18.03n/a15
Jul ’24€33.12
€62.08
+87.4%
28.4%€97.08€37.34n/a14
Jun ’24€34.37
€62.08
+80.6%
27.4%€97.04€37.32n/a15
May ’24€39.08
€66.34
+69.8%
27.3%€107.86€46.90n/a15
Apr ’24€33.40
€66.34
+98.6%
27.3%€107.86€46.90n/a15
Mar ’24€42.80
€66.34
+55.0%
27.3%€107.86€46.90n/a15
Feb ’24€48.60
€65.59
+35.0%
25.5%€105.83€46.02n/a15
Jan ’24€39.60
€67.14
+69.6%
24.8%€107.64€48.67€52.6615
Dec ’23€86.50
€111.68
+29.1%
25.9%€181.95€69.68€51.4215
Nov ’23€67.50
€116.92
+73.2%
27.3%€195.64€72.24€52.0615

Analyst Forecast: Target price is less than 20% higher than the current share price.

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