BioMarin Pharmaceutical Inc.

NasdaqGS:BMRN Stock Report

Market Cap: US$12.7b

BioMarin Pharmaceutical Valuation

Is BMRN 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BMRN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BMRN ($66.63) is trading below our estimate of fair value ($207.79)

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

Key Valuation Metric

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

Key metric: As BMRN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BMRN. This is calculated by dividing BMRN's market cap by their current earnings.
What is BMRN's PE Ratio?
PE Ratio39.4x
EarningsUS$322.29m
Market CapUS$12.70b

Price to Earnings Ratio vs Peers

How does BMRN's PE Ratio compare to its peers?

The above table shows the PE ratio for BMRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.6x
EXEL Exelixis
20.7x17.2%US$9.7b
UTHR United Therapeutics
14.5x9.7%US$16.1b
NBIX Neurocrine Biosciences
35.8x30.8%US$13.8b
SRPT Sarepta Therapeutics
95.6x43.0%US$11.6b
BMRN BioMarin Pharmaceutical
39.4x27.9%US$12.7b

Price-To-Earnings vs Peers: BMRN is good value based on its Price-To-Earnings Ratio (39.4x) compared to the peer average (41.6x).

Price to Earnings Ratio vs Industry

How does BMRN's PE Ratio compare vs other companies in the US Biotechs Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROIV Roivant Sciences
1.9x-58.7%US$8.74b
AGIO Agios Pharmaceuticals
2.9x-57.3%US$1.95b
INBX Inhibrx Biosciences
0.1xn/aUS$209.76m
DTIL Precision BioSciences
3x-41.0%US$34.52m
BMRN 39.4xIndustry Avg. 15.4xNo. of Companies11PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BMRN is expensive based on its Price-To-Earnings Ratio (39.4x) compared to the US Biotechs industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is BMRN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BMRN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.4x
Fair PE Ratio33.3x

Price-To-Earnings vs Fair Ratio: BMRN is expensive based on its Price-To-Earnings Ratio (39.4x) compared to the estimated Fair Price-To-Earnings Ratio (33.3x).

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 BMRN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$66.63
US$98.08
+47.2%
16.3%US$127.00US$65.00n/a25
Dec ’25US$66.03
US$98.02
+48.4%
16.4%US$127.00US$65.00n/a27
Nov ’25US$66.60
US$97.98
+47.1%
16.6%US$127.00US$65.00n/a26
Oct ’25US$70.10
US$104.74
+49.4%
16.4%US$139.00US$72.00n/a25
Sep ’25US$91.21
US$110.58
+21.2%
14.2%US$140.00US$72.00n/a25
Aug ’25US$84.62
US$109.42
+29.3%
15.2%US$140.00US$72.00n/a25
Jul ’25US$82.13
US$108.29
+31.8%
15.9%US$140.00US$72.00n/a26
Jun ’25US$75.07
US$109.32
+45.6%
14.3%US$140.00US$80.00n/a26
May ’25US$83.33
US$109.96
+32.0%
14.3%US$140.00US$80.00n/a28
Apr ’25US$87.10
US$109.83
+26.1%
14.2%US$140.00US$80.00n/a28
Mar ’25US$87.14
US$110.13
+26.4%
14.2%US$140.00US$80.00n/a28
Feb ’25US$88.74
US$110.99
+25.1%
15.7%US$150.00US$78.00n/a28
Jan ’25US$96.42
US$111.10
+15.2%
18.0%US$170.00US$78.00n/a28
Dec ’24US$92.42
US$110.59
+19.7%
18.5%US$170.00US$78.00US$66.0327
Nov ’24US$84.01
US$114.52
+36.3%
19.4%US$185.00US$78.00US$66.6025
Oct ’24US$88.48
US$116.00
+31.1%
19.5%US$185.00US$78.00US$70.1024
Sep ’24US$93.03
US$115.70
+24.4%
20.0%US$185.00US$71.00US$91.2124
Aug ’24US$89.00
US$115.66
+30.0%
20.1%US$185.00US$70.00US$84.6224
Jul ’24US$86.68
US$118.21
+36.4%
21.6%US$200.00US$73.00US$82.1323
Jun ’24US$88.26
US$118.75
+34.5%
20.7%US$200.00US$69.00US$75.0724
May ’24US$96.98
US$118.75
+22.4%
20.7%US$200.00US$69.00US$83.3324
Apr ’24US$97.24
US$119.50
+22.9%
20.9%US$200.00US$74.00US$87.1024
Mar ’24US$100.99
US$122.48
+21.3%
19.6%US$200.00US$74.00US$87.1423
Feb ’24US$116.71
US$121.96
+4.5%
19.4%US$200.00US$83.00US$88.7423
Jan ’24US$103.49
US$115.91
+12.0%
14.7%US$162.00US$74.00US$96.4222
Dec ’23US$103.02
US$115.45
+12.1%
14.9%US$162.00US$74.00US$92.4222

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.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 05:30
End of Day Share Price 2024/12/24 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

BioMarin Pharmaceutical Inc. is covered by 56 analysts. 27 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
Ishan MajumdarBaptista Research
Huidong WangBarclays