Ascendis Pharma A/S

NasdaqGS:ASND Stock Report

Market Cap: US$8.2b

Ascendis Pharma Valuation

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

Below Fair Value: ASND ($136.38) is trading below our estimate of fair value ($623.91)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ASND. This is calculated by dividing ASND's market cap by their current revenue.
What is ASND's PS Ratio?
PS Ratio23.9x
Sales€327.43m
Market Cap€7.81b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ASND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average19.9x
GBT Global Blood Therapeutics
19.7x32.5%US$4.6b
TGTX TG Therapeutics
17.5x34.9%US$4.6b
LEGN Legend Biotech
12x35.6%US$6.3b
RYTM Rhythm Pharmaceuticals
30.6x47.6%US$3.4b
ASND Ascendis Pharma
23.9x41.3%US$8.2b

Price-To-Sales vs Peers: ASND is expensive based on its Price-To-Sales Ratio (23.9x) compared to the peer average (20x).

Price to Sales Ratio vs Industry

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

134 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
2.2x1.3%US$21.34b
MRNA Moderna
3x5.8%US$15.16b
INCY Incyte
3.3x8.9%US$13.26b
ALKS Alkermes
3.2x-0.7%US$4.81b
ASND 23.9xIndustry Avg. 9.9xNo. of Companies134PS01632486480+
134 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ASND is expensive based on its Price-To-Sales Ratio (23.9x) compared to the US Biotechs industry average (9.7x).

Price to Sales Ratio vs Fair Ratio

What is ASND'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.

ASND PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio23.9x
Fair PS Ratio20.9x

Price-To-Sales vs Fair Ratio: ASND is expensive based on its Price-To-Sales Ratio (23.9x) compared to the estimated Fair Price-To-Sales Ratio (20.9x).

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 ASND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$136.38
US$190.16
+39.4%
16.7%US$288.61US$150.37n/a14
Dec ’25US$136.08
US$191.54
+40.8%
16.6%US$288.39US$152.68n/a14
Nov ’25US$125.28
US$195.66
+56.2%
15.5%US$287.71US$160.71n/a14
Oct ’25US$146.60
US$193.99
+32.3%
15.8%US$287.75US$156.24n/a13
Sep ’25US$138.45
US$193.99
+40.1%
14.8%US$279.11US$165.90n/a12
Aug ’25US$136.53
US$181.72
+33.1%
15.2%US$260.37US$140.23n/a12
Jul ’25US$133.98
US$183.29
+36.8%
16.3%US$262.96US$138.32n/a13
Jun ’25US$135.10
US$183.44
+35.8%
17.0%US$265.67US$139.74n/a13
May ’25US$141.01
US$177.33
+25.8%
19.3%US$259.53US$112.97n/a12
Apr ’25US$151.98
US$179.28
+18.0%
19.3%US$259.97US$115.56n/a12
Mar ’25US$152.47
US$172.80
+13.3%
14.3%US$226.19US$117.22n/a12
Feb ’25US$141.63
US$163.23
+15.3%
13.9%US$204.75US$117.59n/a12
Jan ’25US$125.95
US$149.82
+19.0%
12.9%US$202.25US$119.61n/a12
Dec ’24US$104.05
US$143.50
+37.9%
16.7%US$200.02US$112.41US$136.0812
Nov ’24US$90.79
US$141.57
+55.9%
16.9%US$192.33US$109.24US$125.2812
Oct ’24US$93.64
US$141.51
+51.1%
17.7%US$191.63US$109.89US$146.6011
Sep ’24US$98.27
US$135.46
+37.8%
21.6%US$185.38US$89.11US$138.4512
Aug ’24US$91.62
US$137.41
+50.0%
21.9%US$188.92US$89.43US$136.5312
Jul ’24US$89.25
US$136.41
+52.8%
22.0%US$187.14US$88.54US$133.9812
Jun ’24US$87.96
US$133.45
+51.7%
20.9%US$181.64US$87.29US$135.1013
May ’24US$86.74
US$137.14
+58.1%
21.7%US$193.85US$89.00US$141.0113
Apr ’24US$107.22
US$155.85
+45.4%
14.0%US$194.53US$108.68US$151.9814
Mar ’24US$113.21
US$154.33
+36.3%
12.5%US$180.06US$109.99US$152.4714
Feb ’24US$123.50
US$159.12
+28.8%
14.9%US$183.70US$95.60US$141.6314
Jan ’24US$122.13
US$160.65
+31.5%
15.5%US$192.00US$96.89US$125.9514
Dec ’23US$121.75
US$159.26
+30.8%
16.1%US$205.67US$93.41US$104.0515

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 15:47
End of Day Share Price 2024/12/20 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

Ascendis Pharma A/S is covered by 21 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tazeen AhmadBofA Global Research
Michelle GilsonCanaccord Genuity
Alethia YoungCantor Fitzgerald & Co.