Alnylam Pharmaceuticals, Inc.

NasdaqGS:ALNY Stock Report

Market Cap: US$30.2b

Alnylam Pharmaceuticals Valuation

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

Below Fair Value: ALNY ($248.79) is trading below our estimate of fair value ($542.03)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ALNY. This is calculated by dividing ALNY's market cap by their current revenue.
What is ALNY's PS Ratio?
PS Ratio15.3x
SalesUS$2.09b
Market CapUS$30.22b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ALNY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.5x
HZNP Horizon Therapeutics
7.3x8.3%US$26.6b
BGNE BeiGene
6.4x19.5%US$19.9b
NTRA Natera
14.5x12.4%US$21.4b
UTHR United Therapeutics
5.9x7.7%US$16.1b
ALNY Alnylam Pharmaceuticals
15.3x22.4%US$30.2b

Price-To-Sales vs Peers: ALNY is expensive based on its Price-To-Sales Ratio (15.3x) compared to the peer average (8.9x).

Price to Sales Ratio vs Industry

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

131 CompaniesPrice / SalesEstimated GrowthMarket Cap
GILD Gilead Sciences
3.9x2.4%US$109.25b
BIIB Biogen
2.4x1.3%US$22.65b
MRNA Moderna
2.8x7.2%US$14.35b
INCY Incyte
3.4x8.9%US$13.59b
ALNY 15.3xIndustry Avg. 10.1xNo. of Companies131PS01632486480+
131 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ALNY is expensive based on its Price-To-Sales Ratio (15.3x) compared to the US Biotechs industry average (10.3x).

Price to Sales Ratio vs Fair Ratio

What is ALNY'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.

ALNY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio15.3x
Fair PS Ratio14.7x

Price-To-Sales vs Fair Ratio: ALNY is expensive based on its Price-To-Sales Ratio (15.3x) compared to the estimated Fair Price-To-Sales Ratio (14.7x).

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 ALNY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$248.79
US$301.21
+21.1%
16.8%US$400.00US$178.00n/a29
Nov ’25US$273.91
US$301.32
+10.0%
16.7%US$400.00US$180.00n/a29
Oct ’25US$276.06
US$285.91
+3.6%
19.6%US$400.00US$160.50n/a28
Sep ’25US$262.69
US$282.72
+7.6%
19.5%US$400.00US$160.50n/a27
Aug ’25US$268.61
US$269.76
+0.4%
19.5%US$400.00US$160.50n/a27
Jul ’25US$243.32
US$248.46
+2.1%
21.9%US$400.00US$150.00n/a27
Jun ’25US$148.43
US$220.38
+48.5%
23.1%US$400.00US$138.00n/a26
May ’25US$149.96
US$219.85
+46.6%
23.1%US$395.00US$136.00n/a27
Apr ’25US$153.33
US$220.62
+43.9%
23.3%US$395.00US$136.00n/a26
Mar ’25US$152.61
US$219.65
+43.9%
22.9%US$395.00US$136.00n/a26
Feb ’25US$174.92
US$226.12
+29.3%
20.7%US$395.00US$144.00n/a26
Jan ’25US$191.41
US$224.46
+17.3%
21.6%US$395.00US$135.00n/a26
Dec ’24US$171.41
US$224.08
+30.7%
21.6%US$395.00US$135.00n/a26
Nov ’24US$157.00
US$225.41
+43.6%
21.8%US$395.00US$125.00US$273.9126
Oct ’24US$177.10
US$243.63
+37.6%
18.9%US$405.00US$134.00US$276.0626
Sep ’24US$201.17
US$244.07
+21.3%
18.9%US$405.00US$141.00US$262.6925
Aug ’24US$189.05
US$245.82
+30.0%
18.7%US$405.00US$140.00US$268.6125
Jul ’24US$189.94
US$247.71
+30.4%
19.4%US$415.00US$136.00US$243.3225
Jun ’24US$188.67
US$245.72
+30.2%
19.6%US$415.00US$136.00US$148.4326
May ’24US$201.87
US$247.18
+22.4%
20.7%US$415.00US$136.00US$149.9625
Apr ’24US$200.32
US$246.99
+23.3%
20.8%US$415.00US$136.00US$153.3325
Mar ’24US$195.40
US$246.87
+26.3%
20.8%US$415.00US$136.00US$152.6125
Feb ’24US$224.91
US$247.31
+10.0%
20.4%US$415.00US$143.00US$174.9224
Jan ’24US$237.65
US$240.43
+1.2%
21.0%US$415.00US$145.00US$191.4124
Dec ’23US$220.25
US$236.31
+7.3%
21.0%US$415.00US$145.00US$171.4124
Nov ’23US$213.12
US$237.10
+11.3%
22.0%US$430.00US$142.00US$157.0024

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.

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