Alnylam Pharmaceuticals, Inc.

BIT:1ALNY Stock Report

Market Cap: €33.4b

Alnylam Pharmaceuticals Valuation

Is 1ALNY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1ALNY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€874.48
Fair Value
70.5% undervalued intrinsic discount
31
Number of Analysts

Below Fair Value: 1ALNY (€257.9) is trading below our estimate of fair value (€874.48)

Significantly Below Fair Value: 1ALNY is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1ALNY?

Key metric: As 1ALNY is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1ALNY. This is calculated by dividing 1ALNY's market cap by their current revenue.
What is 1ALNY's PS Ratio?
PS Ratio15.8x
SalesUS$2.35b
Market CapUS$37.20b

Price to Sales Ratio vs Peers

How does 1ALNY's PS Ratio compare to its peers?

The above table shows the PS ratio for 1ALNY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.4x
PHIL Philogen
11.7x-0.15%€910.5m
REC Recordati Industria Chimica e Farmaceutica
4.4x6.10%€10.6b
NTRA Natera
11.4x12.37%US$20.8b
ONC BeiGene
5.9x14.75%US$24.7b
1ALNY Alnylam Pharmaceuticals
15.8x23.65%€37.2b

Price-To-Sales vs Peers: 1ALNY is expensive based on its Price-To-Sales Ratio (15.8x) compared to the peer average (8.4x).


Price to Sales Ratio vs Industry

How does 1ALNY's PS Ratio compare vs other companies in the European Biotechs Industry?

57 CompaniesPrice / SalesEstimated GrowthMarket Cap
1ALNY 15.8xIndustry Avg. 7.5xNo. of Companies57PS01224364860+
57 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1ALNY is expensive based on its Price-To-Sales Ratio (15.8x) compared to the European Biotechs industry average (7.5x).


Price to Sales Ratio vs Fair Ratio

What is 1ALNY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1ALNY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio15.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 1ALNY's Price-To-Sales 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 1ALNY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€257.90
€287.57
+11.50%
16.86%€448.45€190.14n/a31
May ’26€228.80
€281.03
+22.83%
17.26%€442.85€187.77n/a31
Apr ’26n/a
€291.20
0%
18.32%€463.45€190.94n/a31
Mar ’26n/a
€293.70
0%
19.12%€482.10€188.02n/a30
Feb ’26n/a
€285.77
0%
16.57%€381.36€190.68n/a30
Jan ’26n/a
€284.63
0%
17.14%€380.64€169.38n/a30
Dec ’25n/a
€283.09
0%
17.16%€379.00€168.66n/a30
Nov ’25n/a
€278.06
0%
16.68%€369.12€166.10n/a29
Oct ’25n/a
€256.12
0%
19.63%€358.32€143.78n/a28
Sep ’25n/a
€253.29
0%
19.50%€358.36€143.79n/a27
Aug ’25n/a
€249.99
0%
19.47%€370.68€148.74n/a27
Jul ’25n/a
€231.94
0%
21.86%€373.40€140.03n/a27
Jun ’25n/a
€204.89
0%
23.05%€371.88€128.30n/a26
May ’25n/a
€205.52
0%
23.14%€369.25€127.13€228.8027
Apr ’25n/a
€202.64
0%
23.29%€362.81€124.92n/a26
Mar ’25n/a
€202.98
0%
22.94%€365.02€125.68n/a26
Feb ’25n/a
€208.03
0%
20.71%€363.40€132.48n/a26
Jan ’25n/a
€205.90
0%
21.61%€362.33€123.84n/a26
Dec ’24n/a
€205.88
0%
21.56%€362.93€124.04n/a26
Nov ’24n/a
€212.99
0%
21.83%€373.24€118.11n/a26
Oct ’24n/a
€230.67
0%
18.94%€383.45€126.87n/a26
Sep ’24n/a
€221.79
0%
18.90%€368.02€128.13n/a25
Aug ’24n/a
€221.58
0%
18.72%€365.07€126.20n/a25
Jul ’24n/a
€228.78
0%
19.40%€383.29€125.61n/a25
Jun ’24n/a
€228.37
0%
19.60%€385.70€126.40n/a26
May ’24n/a
€224.32
0%
20.71%€376.61€123.42n/a25
AnalystConsensusTarget
Consensus Narrative from 31 Analysts
€289.82
Fair Value
11.0% undervalued intrinsic discount
31
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/18 20:03
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alnylam Pharmaceuticals, Inc. is covered by 61 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Huidong WangBarclays
Emily BodnarBerenberg