NextCure Valuation

Is 2US 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 2US when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2US's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2US's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2US?

Key metric: As 2US is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 2US. This is calculated by dividing 2US's market cap by their current book value.
What is 2US's PB Ratio?
PB Ratio0.4x
BookUS$75.59m
Market CapUS$33.61m

Price to Book Ratio vs Peers

How does 2US's PB Ratio compare to its peers?

The above table shows the PB ratio for 2US vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average12.7x
VSC 4SC
45.8xn/a€51.9m
MDG1 Medigene
1x11.0%€20.6m
2INV 2invest
1xn/a€63.2m
HPHA Heidelberg Pharma
3x-33.0%€106.7m
2US NextCure
0.4x5.6%€33.6m

Price-To-Book vs Peers: 2US is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (12.7x).


Price to Book Ratio vs Industry

How does 2US'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
2US 0.4xIndustry Avg. 2.4xNo. of Companies3PB00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 2US is good value based on its Price-To-Book Ratio (0.4x) compared to the European Biotechs industry average (2.4x).


Price to Book Ratio vs Fair Ratio

What is 2US'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.

2US PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 2US'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 2US forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.13
€3.11
+175.2%
14.1%€3.73€2.80n/a3
Nov ’25€1.20
€4.58
+280.5%
43.2%€7.33€2.75n/a3
Oct ’25€1.21
€4.58
+277.4%
43.2%€7.33€2.75n/a3
Sep ’25€1.40
€4.58
+227.3%
43.2%€7.33€2.75n/a3
Aug ’25€1.48
€4.59
+209.1%
43.2%€7.34€2.75n/a3
Jul ’25€1.46
€4.59
+213.8%
43.2%€7.34€2.75n/a3
Jun ’25€1.44
€4.64
+222.5%
43.2%€7.43€2.79n/a3
May ’25€1.08
€4.63
+329.2%
43.2%€7.40€2.78n/a3
Apr ’25€1.77
€4.63
+162.2%
43.2%€7.40€2.78n/a3
Mar ’25€1.58
€3.64
+130.4%
20.4%€4.55€2.73n/a3
Feb ’25€1.12
€3.64
+226.4%
20.4%€4.55€2.73n/a3
Jan ’25€1.03
€3.64
+255.1%
20.4%€4.55€2.73n/a3
Dec ’24€1.07
€5.91
+452.0%
7.4%€6.53€5.60n/a3
Nov ’24€0.96
€5.84
+508.1%
7.4%€6.45€5.53€1.203
Oct ’24€1.20
€5.84
+386.5%
7.4%€6.45€5.53€1.213
Sep ’24€1.33
€5.84
+340.6%
7.4%€6.45€5.53€1.403
Aug ’24€1.54
€3.94
+155.8%
54.4%€5.45€0.91€1.483
Jul ’24€1.64
€3.94
+140.9%
54.4%€5.45€0.91€1.463
Jun ’24€1.59
€3.94
+147.7%
54.4%€5.45€0.91€1.443
May ’24€1.35
€3.94
+191.8%
54.4%€5.46€0.91€1.083
Apr ’24€1.35
€4.98
+268.7%
49.3%€7.60€0.95€1.774
Mar ’24€1.44
€4.98
+245.2%
49.3%€7.60€0.95€1.584
Feb ’24€1.51
€4.98
+229.1%
49.3%€7.60€0.95€1.124
Jan ’24€1.35
€4.98
+269.2%
49.3%€7.60€0.95€1.034
Dec ’23€1.34
€5.82
+334.9%
22.9%€8.03€4.01€1.075
Nov ’23€2.49
€13.73
+450.5%
48.7%€27.31€6.07€0.967

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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