Arcellx, Inc.

NasdaqGS:ACLX Stock Report

Market Cap: US$4.3b

Arcellx Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: ACLX ($78.35) is trading below our estimate of fair value ($206.28)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ACLX. This is calculated by dividing ACLX's market cap by their current revenue.
What is ACLX's PS Ratio?
PS Ratio27.2x
SalesUS$155.82m
Market CapUS$4.28b

Price to Sales Ratio vs Peers

How does ACLX's PS Ratio compare to its peers?

The above table shows the PS ratio for ACLX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average21.7x
TGTX TG Therapeutics
17x34.9%US$4.7b
SWTX SpringWorks Therapeutics
19.9x45.5%US$2.7b
KRYS Krystal Biotech
19x32.4%US$4.6b
RYTM Rhythm Pharmaceuticals
30.8x47.6%US$3.4b
ACLX Arcellx
27.2x25.0%US$4.3b

Price-To-Sales vs Peers: ACLX is expensive based on its Price-To-Sales Ratio (27.2x) compared to the peer average (21.7x).

Price to Sales Ratio vs Industry

How does ACLX's PS Ratio compare vs other companies in the US Biotechs Industry?

134 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
2.3x1.3%US$22.05b
MRNA Moderna
3x5.8%US$15.44b
INCY Incyte
3.2x8.9%US$13.34b
EXAS Exact Sciences
3.9x9.1%US$10.65b
ACLX 27.2xIndustry Avg. 10.1xNo. of Companies134PS01632486480+
134 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ACLX is expensive based on its Price-To-Sales Ratio (27.2x) compared to the US Biotechs industry average (10.3x).

Price to Sales Ratio vs Fair Ratio

What is ACLX'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.

ACLX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio27.2x
Fair PS Ratio10.5x

Price-To-Sales vs Fair Ratio: ACLX is expensive based on its Price-To-Sales Ratio (27.2x) compared to the estimated Fair Price-To-Sales Ratio (10.5x).

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 ACLX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$78.35
US$116.38
+48.5%
7.2%US$134.00US$104.00n/a16
Dec ’25US$88.07
US$114.44
+29.9%
9.1%US$134.00US$95.00n/a16
Nov ’25US$86.17
US$95.56
+10.9%
16.6%US$122.00US$73.00n/a16
Oct ’25US$81.44
US$83.71
+2.8%
9.0%US$106.00US$73.00n/a14
Sep ’25US$68.74
US$79.87
+16.2%
5.8%US$87.00US$70.00n/a15
Aug ’25US$58.65
US$79.93
+36.3%
5.8%US$87.00US$70.00n/a15
Jul ’25US$53.60
US$79.93
+49.1%
5.8%US$87.00US$70.00n/a15
Jun ’25US$52.00
US$79.93
+53.7%
5.8%US$87.00US$70.00n/a15
May ’25US$52.18
US$80.31
+53.9%
4.8%US$87.00US$73.00n/a13
Apr ’25US$66.98
US$80.31
+19.9%
4.8%US$87.00US$73.00n/a13
Mar ’25US$66.82
US$75.92
+13.6%
9.4%US$85.00US$57.00n/a12
Feb ’25US$63.82
US$65.50
+2.6%
9.3%US$79.00US$57.00n/a12
Jan ’25US$55.50
US$65.00
+17.1%
9.0%US$79.00US$57.00n/a12
Dec ’24US$54.98
US$60.09
+9.3%
9.7%US$70.00US$49.00US$88.0711
Nov ’24US$34.39
US$51.64
+50.1%
5.9%US$58.00US$48.00US$86.1711
Oct ’24US$35.88
US$50.70
+41.3%
9.7%US$58.00US$39.00US$81.4410
Sep ’24US$37.40
US$50.70
+35.6%
9.7%US$58.00US$39.00US$68.7410
Aug ’24US$34.18
US$49.60
+45.1%
12.0%US$58.00US$39.00US$58.6510
Jul ’24US$31.62
US$49.60
+56.9%
12.0%US$58.00US$39.00US$53.6010
Jun ’24US$44.32
US$51.40
+16.0%
10.8%US$60.00US$39.00US$52.0010
May ’24US$43.82
US$42.88
-2.2%
16.1%US$58.00US$35.00US$52.188
Apr ’24US$30.81
US$39.43
+28.0%
9.7%US$45.00US$34.00US$66.987
Mar ’24US$27.99
US$38.00
+35.8%
9.9%US$45.00US$34.00US$66.827
Feb ’24US$32.60
US$37.33
+14.5%
9.9%US$45.00US$34.00US$63.826
Jan ’24US$30.98
US$37.33
+20.5%
9.9%US$45.00US$34.00US$55.506
Dec ’23US$19.70
US$31.33
+59.1%
11.8%US$36.00US$25.00US$54.986

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 06:17
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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

Arcellx, Inc. is covered by 22 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jack AllenBaird
Peter LawsonBarclays
Carter GouldBarclays