Molecure Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Book ratio for MOC. This is calculated by dividing MOC's market cap by their current book value.
What is MOC's PB Ratio?
PB Ratio	2x
Book	zł80.09m
Market Cap	zł160.28m

MOC 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	90.2x
Enterprise Value/EBITDA	-4.6x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for MOC 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	4.6x
CBD Cannabis Poland	3.6x	n/a	zł15.1m
BGD Biogened	1.3x	n/a	zł51.6m
CLN Celon Pharma	2.7x	-33.9%	zł1.4b
GMT Genomtec	10.8x	n/a	zł102.3m
MOC Molecure	2x	1.4%	zł160.3m

Price-To-Book vs Peers: MOC is good value based on its Price-To-Book Ratio (2x) compared to the peer average (4.6x).

Price to Book Ratio vs Industry

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

9 Companies	Price / Book	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: MOC is good value based on its Price-To-Book Ratio (2x) compared to the European Pharmaceuticals industry average (2.3x).

Price to Book Ratio vs Fair Ratio

What is MOC'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.

MOC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	2x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MOC'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 MOC 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	zł9.52	zł18.25 +91.7%	9.6%	zł20.00	zł16.50	n/a	2
Dec ’25	zł10.16	zł18.25 +79.6%	9.6%	zł20.00	zł16.50	n/a	2
Nov ’25	zł9.85	zł27.80 +182.2%	7.9%	zł30.00	zł25.60	n/a	2
Oct ’25	zł12.70	zł27.80 +118.9%	7.9%	zł30.00	zł25.60	n/a	2
Sep ’25	zł15.08	zł29.80 +97.6%	14.1%	zł34.00	zł25.60	n/a	2
Aug ’25	zł14.92	zł29.80 +99.7%	14.1%	zł34.00	zł25.60	n/a	2
Jul ’25	zł13.54	zł29.80 +120.1%	14.1%	zł34.00	zł25.60	n/a	2
Jun ’25	zł14.92	zł29.80 +99.7%	14.1%	zł34.00	zł25.60	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/28 10:08
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Molecure S.A. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kamil Kliszcz	Biuro maklerskie mBanku
Beata Szparaga-Wasniewska	Biuro maklerskie mBanku
Lukasz Kosiarski	Ipopema Securities S.A.