Bicycle Therapeutics plc

NasdaqGS:BCYC Stock Report

Market Cap: US$1.0b

Bicycle Therapeutics Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BCYC. This is calculated by dividing BCYC's market cap by their current revenue.
What is BCYC's PS Ratio?
PS Ratio26.4x
SalesUS$36.90m
Market CapUS$1.00b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BCYC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.4x
PSTX Poseida Therapeutics
6.1x8.6%US$918.1m
AUPH Aurinia Pharmaceuticals
6x17.3%US$1.3b
GRAL GRAIL
5.3x17.1%US$658.6m
ZYME Zymeworks
16.1x22.6%US$998.7m
BCYC Bicycle Therapeutics
26.4x55.2%US$1.0b

Price-To-Sales vs Peers: BCYC is expensive based on its Price-To-Sales Ratio (26.4x) compared to the peer average (8.4x).

Price to Sales Ratio vs Industry

How does BCYC'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
BCYC 26.4xIndustry Avg. 10.1xNo. of Companies134PS01632486480+
134 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BCYC is expensive based on its Price-To-Sales Ratio (26.4x) compared to the US Biotechs industry average (10.3x).

Price to Sales Ratio vs Fair Ratio

What is BCYC'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.

BCYC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio26.4x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: BCYC is expensive based on its Price-To-Sales Ratio (26.4x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

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 BCYC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.13
US$33.36
+136.1%
29.7%US$53.00US$17.00n/a11
Dec ’25US$20.40
US$37.82
+85.4%
25.6%US$55.00US$25.00n/a11
Nov ’25US$22.71
US$39.10
+72.2%
23.6%US$55.00US$28.00n/a10
Oct ’25US$22.71
US$39.20
+72.6%
25.2%US$56.00US$28.00n/a10
Sep ’25US$21.50
US$39.67
+84.5%
26.0%US$56.00US$28.00n/a9
Aug ’25US$24.37
US$40.78
+67.3%
22.9%US$56.00US$30.00n/a9
Jul ’25US$20.29
US$41.33
+103.7%
22.5%US$56.00US$30.00n/a9
Jun ’25US$22.19
US$41.33
+86.3%
22.5%US$56.00US$30.00n/a9
May ’25US$24.20
US$43.19
+78.5%
24.1%US$60.00US$30.00n/a10
Apr ’25US$24.25
US$43.19
+78.1%
24.1%US$60.00US$30.00n/a10
Mar ’25US$25.72
US$43.19
+67.9%
24.1%US$60.00US$30.00n/a10
Feb ’25US$17.35
US$43.72
+152.0%
25.4%US$60.00US$30.00n/a10
Jan ’25US$18.08
US$43.72
+141.8%
25.4%US$60.00US$30.00n/a10
Dec ’24US$14.99
US$48.93
+226.4%
19.0%US$65.00US$33.00US$20.4012
Nov ’24US$15.35
US$49.08
+219.8%
18.7%US$65.00US$33.00US$22.7112
Oct ’24US$20.09
US$49.08
+144.3%
18.7%US$65.00US$33.00US$22.7112
Sep ’24US$22.22
US$48.92
+120.2%
18.0%US$65.00US$33.00US$21.5013
Aug ’24US$24.47
US$51.01
+108.5%
18.5%US$72.00US$33.00US$24.3714
Jul ’24US$25.52
US$52.37
+105.2%
18.8%US$72.00US$33.00US$20.2914
Jun ’24US$24.30
US$52.37
+115.5%
18.8%US$72.00US$33.00US$22.1914
May ’24US$20.67
US$52.79
+155.4%
19.0%US$72.00US$33.00US$24.2014
Apr ’24US$21.27
US$52.79
+148.2%
19.0%US$72.00US$33.00US$24.2514
Mar ’24US$22.76
US$52.21
+129.4%
19.5%US$72.00US$33.00US$25.7214
Feb ’24US$28.94
US$53.64
+85.4%
21.4%US$74.00US$33.00US$17.3514
Jan ’24US$29.60
US$53.54
+80.9%
22.3%US$74.00US$33.00US$18.0813
Dec ’23US$28.89
US$53.71
+85.9%
23.4%US$74.00US$33.00US$14.9914

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 Analysis2024/12/30 09:28
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

Bicycle Therapeutics plc 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
Peter LawsonBarclays
Kalpit PatelB. Riley Securities, Inc.
Arlinda LeeCanaccord Genuity