Spyre Therapeutics, Inc.

DB:3920 Stock Report

Market Cap: €1.6b

Spyre Therapeutics Valuation

Is 3920 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-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 3920 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 3920's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 3920's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3920?

Key metric: As 3920 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 3920. This is calculated by dividing 3920's market cap by their current book value.
What is 3920's PB Ratio?
PB Ratio9.5x
BookUS$171.57m
Market CapUS$1.63b

Price to Book Ratio vs Peers

How does 3920's PB Ratio compare to its peers?

The above table shows the PB ratio for 3920 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average12.6x
BIO3 Biotest
2x29.3%€1.4b
VSC 4SC
44xn/a€48.2m
FYB Formycon
1.5x31.5%€827.2m
HPHA Heidelberg Pharma
2.8x-33.0%€103.9m
3920 Spyre Therapeutics
9.5x-9.9%€1.6b

Price-To-Book vs Peers: 3920 is good value based on its Price-To-Book Ratio (9.5x) compared to the peer average (12.6x).

Price to Book Ratio vs Industry

How does 3920'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
3920 9.5xIndustry Avg. 2.4xNo. of Companies3PB00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 3920 is expensive based on its Price-To-Book Ratio (9.5x) compared to the European Biotechs industry average (2.4x).

Price to Book Ratio vs Fair Ratio

What is 3920'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.

3920 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio9.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 3920'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 3920 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€25.40
€55.21
+117.4%
19.7%€66.87€37.67n/a8
Nov ’25€29.50
€44.12
+49.6%
18.0%€60.22€34.28n/a8
Oct ’25€25.95
€42.57
+64.0%
10.7%€48.91€36.23n/a7
Sep ’25€24.95
€42.41
+70.0%
11.4%€48.38€35.84n/a6
Aug ’25€25.05
€41.91
+67.3%
16.8%€50.29€28.87n/a7
Jul ’25€21.50
€41.91
+94.9%
16.8%€50.29€28.87n/a7
Jun ’25€30.90
€41.77
+35.2%
16.8%€50.12€28.77n/a7
May ’25€32.05
€40.35
+25.9%
21.4%€50.51€28.99n/a7
Apr ’25€33.65
€36.90
+9.7%
22.1%€49.82€28.60n/a6
Mar ’25n/a
€34.14
0%
17.0%€46.14€28.61n/a6
Feb ’25n/a
€27.65
0%
32.1%€40.10€10.94n/a6
Jan ’25n/a
€25.50
0%
34.4%€39.83€10.86n/a6
Dec ’24n/a
€16.38
0%
31.4%€21.53€11.23n/a2
Nov ’24n/a
€16.51
0%
29.6%€21.40€11.63€29.502
Oct ’24n/a
€16.51
0%
29.6%€21.40€11.63€25.952
Sep ’24n/a
€16.05
0%
28.6%€20.63€11.46€24.952
Aug ’24n/a
€32.05
0%
80.6%€67.86€7.92€25.053
Jul ’24n/a
€71.36
0%
74.1%€137.39€8.01€21.503
Jun ’24n/a
€71.36
0%
74.1%€137.39€8.01€30.903
May ’24n/a
€70.84
0%
74.1%€136.38€7.96€32.053
Apr ’24n/a
€61.13
0%
71.3%€141.08€23.51€33.655
Mar ’24n/a
€67.74
0%
65.8%€150.54€25.09n/a5
Feb ’24n/a
€67.74
0%
65.8%€150.54€25.09n/a5
Jan ’24n/a
€67.74
0%
65.8%€150.54€25.09n/a5
Dec ’23n/a
€67.74
0%
65.8%€150.54€25.09n/a5
Nov ’23n/a
€67.74
0%
65.8%€150.54€25.09n/a5

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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