SELLAS Life Sciences Group, Inc.

DB:RXK3 Stock Report

Market Cap: €78.6m

SELLAS Life Sciences Group Valuation

Is RXK3 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 RXK3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate RXK3's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate RXK3's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for RXK3?

Key metric: As RXK3 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 RXK3. This is calculated by dividing RXK3's market cap by their current book value.
What is RXK3's PB Ratio?
PB Ratio5.2x
BookUS$15.89m
Market CapUS$82.35m

Price to Book Ratio vs Peers

How does RXK3's PB Ratio compare to its peers?

The above table shows the PB ratio for RXK3 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
HPHA Heidelberg Pharma
3x-33.0%€106.7m
MDG1 Medigene
1x11.0%€20.6m
2INV 2invest
1xn/a€63.2m
RXK3 SELLAS Life Sciences Group
5.2x40.2%€82.3m

Price-To-Book vs Peers: RXK3 is good value based on its Price-To-Book Ratio (5.2x) compared to the peer average (13.1x).


Price to Book Ratio vs Industry

How does RXK3'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
RXK3 5.2xIndustry Avg. 2.4xNo. of Companies3PB00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: RXK3 is expensive based on its Price-To-Book Ratio (5.2x) compared to the European Biotechs industry average (2.4x).


Price to Book Ratio vs Fair Ratio

What is RXK3'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.

RXK3 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate RXK3'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 RXK3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.12
€5.60
+401.1%
24.6%€7.20€3.84n/a3
Nov ’25€1.07
€5.30
+395.8%
24.6%€6.81€3.63n/a3
Oct ’25€1.09
€5.30
+384.0%
24.6%€6.81€3.63n/a3
Sep ’25€1.19
€5.30
+345.0%
24.6%€6.81€3.63n/a3
Aug ’25€1.05
€5.45
+417.9%
24.6%€7.01€3.74n/a3
Jul ’25€1.08
€5.45
+404.5%
24.6%€7.01€3.74n/a3
Jun ’25€1.29
€5.37
+316.7%
24.6%€6.90€3.68n/a3
May ’25€1.08
€6.39
+490.7%
30.7%€8.42€3.74n/a3
Apr ’25€0.94
€6.34
+575.3%
30.7%€8.35€3.71n/a3
Mar ’25€0.92
€6.34
+586.3%
30.7%€8.35€3.71n/a3
Feb ’25€0.59
€6.39
+983.2%
30.9%€8.22€3.65n/a3
Jan ’25€0.96
€5.61
+481.0%
42.5%€8.41€2.80n/a4
Dec ’24€0.94
€5.61
+493.9%
42.5%€8.41€2.80n/a4
Nov ’24€0.90
€5.48
+509.0%
42.5%€8.22€2.74€1.074
Oct ’24€1.56
€5.48
+250.9%
42.5%€8.22€2.74€1.094
Sep ’24€1.34
€5.48
+308.4%
42.5%€8.22€2.74€1.194
Aug ’24€1.47
€5.52
+274.2%
42.5%€8.27€2.76€1.054
Jul ’24€1.43
€5.52
+286.8%
42.5%€8.27€2.76€1.084
Jun ’24€1.59
€5.52
+247.4%
42.5%€8.27€2.76€1.294
May ’24€1.30
€5.46
+320.1%
42.5%€8.19€2.73€1.084
Apr ’24€1.25
€5.63
+349.6%
42.5%€8.44€2.81€0.944
Mar ’24€1.58
€7.51
+376.5%
34.7%€10.92€3.64€0.924
Feb ’24€3.01
€7.51
+149.6%
34.7%€10.92€3.64€0.594
Jan ’24€2.09
€7.74
+269.6%
35.4%€11.61€3.87€0.964
Dec ’23€2.23
€7.74
+246.8%
35.4%€11.61€3.87€0.944
Nov ’23€4.70
€10.15
+116.1%
31.6%€14.21€6.09€0.904

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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