HighTide Therapeutics, Inc.

SEHK:2511 Stock Report

Market Cap: HK$540.5m

HighTide Therapeutics Valuation

Is 2511 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 2511 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2511's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2511's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2511?

Key metric: As 2511 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 2511. This is calculated by dividing 2511's market cap by their current book value.
What is 2511's PB Ratio?
PB Ratio0.9x
BookCN¥548.66m
Market CapCN¥503.10m

Price to Book Ratio vs Peers

How does 2511's PB Ratio compare to its peers?

The above table shows the PB ratio for 2511 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.8x
2126 JW (Cayman) Therapeutics
0.3x-1.8%HK$534.0m
1244 3D Medicines
0.5xn/aHK$482.7m
9939 Kintor Pharmaceutical
1.1x25.8%HK$463.3m
2898 Sunho Biologics
1.2xn/aHK$696.1m
2511 HighTide Therapeutics
0.9xn/aHK$540.5m

Price-To-Book vs Peers: 2511 is expensive based on its Price-To-Book Ratio (0.9x) compared to the peer average (0.8x).


Price to Book Ratio vs Industry

How does 2511's PB Ratio compare vs other companies in the HK Biotechs Industry?

3 CompaniesPrice / BookEstimated GrowthMarket Cap
2137 Brii Biosciences
0.2x-7.4%US$93.93m
2126 JW (Cayman) Therapeutics
0.3x-1.8%US$68.60m
6628 Transcenta Holding
0.3x12.7%US$40.05m
No more companies available in this PB range
2511 0.9xIndustry Avg. 2.3xNo. of Companies8PB01.63.24.86.48+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 2511 is good value based on its Price-To-Book Ratio (0.9x) compared to the Hong Kong Biotechs industry average (2.3x).


Price to Book Ratio vs Fair Ratio

What is 2511'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.

2511 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 2511'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?

Analyst Forecast: Insufficient data to show price forecast.


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