Oculis Holding Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Book ratio for OCS. This is calculated by dividing OCS's market cap by their current book value.
What is OCS's PB Ratio?
PB Ratio	5.8x
Book	CHF 95.23m
Market Cap	CHF 550.64m

OCS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	508.2x
Enterprise Value/EBITDA	-6.5x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for OCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2x
300110 Huaren Pharmaceutical	1.6x	n/a	CN¥4.5b
301393 Suzhou Highfine Biotech	2.3x	n/a	CN¥4.7b
300630 Hainan Poly Pharm	1.7x	105.6%	CN¥4.7b
MBX MBX Biosciences	2.4x	-25.7%	US$648.0m
OCS Oculis Holding	5.8x	-4.7%	ISK 620.4m

Price-To-Book vs Peers: OCS is expensive based on its Price-To-Book Ratio (5.8x) compared to the peer average (1.9x).

Price to Book Ratio vs Industry

How does OCS's PB Ratio compare vs other companies in the European Pharmaceuticals Industry?

11 Companies	Price / Book	Estimated Growth	Market Cap

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: OCS is expensive based on its Price-To-Book Ratio (5.8x) compared to the European Pharmaceuticals industry average (2.3x).

Price to Book Ratio vs Fair Ratio

What is OCS'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.

OCS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	5.8x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate OCS'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 OCS forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	ISK 2,120.00	ISK 3,954.90 +86.6%	19.8%	ISK 5,070.28	ISK 2,774.90	n/a	7
Nov ’25	ISK 2,460.00	ISK 3,924.44 +59.5%	21.2%	ISK 4,978.49	ISK 2,713.70	n/a	6
Oct ’25	ISK 1,640.00	ISK 4,016.44 +144.9%	21.2%	ISK 5,119.33	ISK 2,790.47	n/a	6
Sep ’25	ISK 1,670.00	ISK 4,058.34 +143.0%	19.2%	ISK 5,101.24	ISK 2,933.61	n/a	6
Aug ’25	ISK 1,610.00	ISK 3,987.78 +147.7%	21.4%	ISK 5,083.53	ISK 2,747.85	n/a	6
Jul ’25	ISK 1,660.00	ISK 4,032.43 +142.9%	19.9%	ISK 5,153.67	ISK 2,785.76	n/a	7
Jun ’25	ISK 1,610.00	ISK 3,919.96 +143.5%	18.1%	ISK 4,836.82	ISK 2,904.62	n/a	7
May ’25	ISK 1,840.00	ISK 3,918.96 +113.0%	17.5%	ISK 4,767.46	ISK 2,860.48	n/a	7
Apr ’25	n/a	ISK 3,928.68 0%	17.9%	ISK 4,790.58	ISK 2,874.35	n/a	7
Mar ’25	n/a	ISK 4,529.98 0%	41.0%	ISK 8,832.05	ISK 2,910.31	n/a	7
Feb ’25	n/a	ISK 4,549.64 0%	40.7%	ISK 8,843.89	ISK 2,965.96	n/a	7
Jan ’25	n/a	ISK 4,580.15 0%	40.2%	ISK 8,826.39	ISK 2,960.09	n/a	7
Dec ’24	n/a	ISK 4,700.94 0%	43.5%	ISK 9,027.89	ISK 2,959.08	n/a	6
Nov ’24	n/a	ISK 4,530.97 0%	41.4%	ISK 8,498.72	ISK 2,921.51	ISK 2,460.00	6
Oct ’24	n/a	ISK 4,402.14 0%	45.9%	ISK 8,380.07	ISK 2,880.72	ISK 1,640.00	5
Sep ’24	n/a	ISK 4,172.21 0%	45.7%	ISK 8,367.39	ISK 2,876.36	ISK 1,670.00	6
Aug ’24	n/a	ISK 4,072.21 0%	41.8%	ISK 7,807.62	ISK 2,961.48	ISK 1,610.00	6
Jul ’24	n/a	ISK 4,193.65 0%	42.2%	ISK 8,047.33	ISK 3,016.55	ISK 1,660.00	6
Jun ’24	n/a	ISK 3,426.91 0%	8.0%	ISK 3,700.98	ISK 3,152.83	ISK 1,610.00	2

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.