biote Corp.

NasdaqGM:BTMD Stock Report

Market Cap: US$166.4m

biote Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Discounted Cash Flow
Simply Wall St
US$48.88
Fair Value
90.6% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: BTMD ($4.58) is trading below our estimate of fair value ($48.88)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BTMD. This is calculated by dividing BTMD's market cap by their current earnings.
What is BTMD's PE Ratio?
PE Ratio19.8x
EarningsUS$7.19m
Market CapUS$166.41m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BTMD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.5x
PROC.F Procaps Group
3.2xn/aUS$169.2m
ZYBT Zhengye Biotechnology Holding
84.2xn/aUS$235.4m
SIGA SIGA Technologies
5.1xn/aUS$438.4m
ORMP Oramed Pharmaceuticals
21.7x-104.1%US$96.7m
BTMD biote
19.8x69.0%US$166.4m

Price-To-Earnings vs Peers: BTMD is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (28.5x).

Price to Earnings Ratio vs Industry

How does BTMD's PE Ratio compare vs other companies in the US Pharmaceuticals Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NDOI Endo
0.6xn/aUS$2.16b
KPRX Kiora Pharmaceuticals
2x0.2%US$10.86m
CNNC Cannonau
0.3xn/aUS$120.91k
SEEL.Q Seelos Therapeutics
0.00003xn/aUS$130.00
BTMD 19.8xIndustry Avg. 18.1xNo. of Companies6PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BTMD is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the US Pharmaceuticals industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is BTMD'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.

BTMD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio50x

Price-To-Earnings vs Fair Ratio: BTMD is good value based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (50x).

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 BTMD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.58
US$9.87
+115.6%
13.4%US$12.00US$8.00n/a6
Feb ’26US$5.09
US$9.87
+94.0%
13.4%US$12.00US$8.00n/a6
Jan ’26US$6.18
US$9.87
+59.8%
13.4%US$12.00US$8.00n/a6
Dec ’25US$6.61
US$9.54
+44.3%
10.5%US$11.00US$8.00n/a5
Nov ’25US$5.23
US$9.59
+83.3%
16.9%US$12.00US$7.00n/a5
Oct ’25US$5.48
US$9.59
+75.0%
16.9%US$12.00US$7.00n/a5
Sep ’25US$6.28
US$9.59
+52.7%
16.9%US$12.00US$7.00n/a5
Aug ’25US$7.48
US$9.27
+23.9%
18.1%US$12.00US$7.00n/a5
Jul ’25US$7.40
US$9.27
+25.2%
18.1%US$12.00US$7.00n/a5
Jun ’25US$6.66
US$8.87
+33.1%
12.7%US$10.00US$7.00n/a5
May ’25US$5.65
US$8.65
+53.1%
11.5%US$10.00US$7.00n/a5
Apr ’25US$5.72
US$8.45
+47.7%
9.3%US$9.00US$7.00n/a5
Mar ’25US$5.84
US$8.14
+39.5%
9.5%US$9.00US$7.00n/a5
Feb ’25US$4.00
US$7.39
+84.7%
12.8%US$9.00US$6.55US$5.094
Jan ’25US$4.94
US$8.33
+68.7%
15.0%US$10.00US$7.00US$6.183
Dec ’24US$4.92
US$8.33
+69.4%
15.0%US$10.00US$7.00US$6.613
Nov ’24US$5.33
US$9.67
+81.4%
21.3%US$12.00US$7.00US$5.233
Oct ’24US$5.12
US$9.67
+88.8%
21.3%US$12.00US$7.00US$5.483
Sep ’24US$4.95
US$9.67
+95.3%
21.3%US$12.00US$7.00US$6.283
Aug ’24US$7.11
US$11.33
+59.4%
8.3%US$12.00US$10.00US$7.483
Jul ’24US$6.76
US$11.33
+67.7%
8.3%US$12.00US$10.00US$7.403
Jun ’24US$5.39
US$11.33
+110.3%
8.3%US$12.00US$10.00US$6.663
May ’24US$6.16
US$11.00
+78.6%
7.4%US$12.00US$10.00US$5.653
Apr ’24US$6.19
US$10.50
+69.6%
4.8%US$11.00US$10.00US$5.722
Mar ’24US$4.67
US$10.33
+121.3%
4.6%US$11.00US$10.00US$5.843
Feb ’24US$4.30
US$10.33
+140.6%
4.6%US$11.00US$10.00US$4.003
Analyst Price Target
Consensus Narrative from 6 Analysts
US$9.87
Fair Value
53.6% undervalued intrinsic discount
6
Number of Analysts

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 Analysis2025/02/16 14:14
End of Day Share Price 2025/02/14 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.

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 Github.

Analyst Sources

biote Corp. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey Van SinderenB. Riley Securities, Inc.
Alex FuhrmanCraig-Hallum Capital Group LLC
Kaumil GajrawalaJefferies LLC