CareDx Valuation
Is CDNA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 CDNA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate CDNA's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate CDNA's fair value for valuation analysis.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CDNA?
Key metric: As CDNA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is CDNA's PS Ratio? | |
|---|---|
| PS Ratio | 4x |
| Sales | US$312.78m |
| Market Cap | US$1.21b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.2x |
| Enterprise Value/EBITDA | -22.6x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does CDNA's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5x | ||
GYRE Gyre Therapeutics | 9.2x | n/a | US$1.0b |
IMTX Immatics | 7.5x | -5.1% | US$904.7m |
NVAX Novavax | 1.5x | -10.2% | US$1.3b |
MYGN Myriad Genetics | 1.7x | 7.2% | US$1.4b |
CDNA CareDx | 4x | 12.3% | US$1.2b |
Price-To-Sales vs Peers: CDNA is good value based on its Price-To-Sales Ratio (4x) compared to the peer average (5x).
Price to Sales Ratio vs Industry
How does CDNA's PS Ratio compare vs other companies in the US Biotechs Industry?
Price-To-Sales vs Industry: CDNA is good value based on its Price-To-Sales Ratio (4x) compared to the US Biotechs industry average (9.6x).
Price to Sales Ratio vs Fair Ratio
What is CDNA'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 4x |
| Fair PS Ratio | 4.5x |
Price-To-Sales vs Fair Ratio: CDNA is good value based on its Price-To-Sales Ratio (4x) compared to the estimated Fair Price-To-Sales Ratio (4.5x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | US$23.13 | US$34.67 +49.9% | 13.1% | US$40.00 | US$28.00 | n/a | 6 |
| Nov ’25 | US$22.64 | US$35.50 +56.8% | 14.0% | US$40.00 | US$28.00 | n/a | 6 |
| Oct ’25 | US$30.93 | US$34.00 +9.9% | 18.0% | US$40.00 | US$26.00 | n/a | 6 |
| Sep ’25 | US$30.73 | US$34.00 +10.6% | 18.0% | US$40.00 | US$26.00 | n/a | 6 |
| Aug ’25 | US$23.58 | US$29.25 +24.0% | 7.4% | US$32.00 | US$26.00 | n/a | 4 |
| Jul ’25 | US$15.38 | US$17.75 +15.4% | 16.1% | US$22.00 | US$14.00 | n/a | 4 |
| Jun ’25 | US$13.01 | US$16.50 +26.8% | 23.3% | US$22.00 | US$12.00 | n/a | 4 |
| May ’25 | US$9.18 | US$13.00 +41.6% | 14.6% | US$15.00 | US$10.00 | n/a | 5 |
| Apr ’25 | US$10.32 | US$12.40 +20.2% | 13.1% | US$15.00 | US$10.00 | n/a | 5 |
| Mar ’25 | US$12.01 | US$12.40 +3.2% | 13.1% | US$15.00 | US$10.00 | n/a | 5 |
| Feb ’25 | US$8.88 | US$12.40 +39.6% | 13.1% | US$15.00 | US$10.00 | n/a | 5 |
| Jan ’25 | US$12.00 | US$10.80 -10.0% | 13.6% | US$13.00 | US$9.00 | n/a | 5 |
| Dec ’24 | US$9.88 | US$10.80 +9.3% | 13.6% | US$13.00 | US$9.00 | n/a | 5 |
| Nov ’24 | US$5.41 | US$10.60 +95.9% | 16.4% | US$13.00 | US$8.00 | US$22.64 | 5 |
| Oct ’24 | US$7.00 | US$10.80 +54.3% | 15.9% | US$13.00 | US$8.00 | US$30.93 | 5 |
| Sep ’24 | US$9.73 | US$10.80 +11.0% | 15.9% | US$13.00 | US$8.00 | US$30.73 | 5 |
| Aug ’24 | US$10.49 | US$12.60 +20.1% | 46.2% | US$24.00 | US$8.00 | US$23.58 | 5 |
| Jul ’24 | US$8.50 | US$10.00 +17.6% | 15.8% | US$12.00 | US$8.00 | US$15.38 | 4 |
| Jun ’24 | US$8.01 | US$10.00 +24.8% | 15.8% | US$12.00 | US$8.00 | US$13.01 | 4 |
| May ’24 | US$8.30 | US$14.80 +78.3% | 39.7% | US$24.00 | US$9.00 | US$9.18 | 5 |
| Apr ’24 | US$9.14 | US$14.80 +61.9% | 39.7% | US$24.00 | US$9.00 | US$10.32 | 5 |
| Mar ’24 | US$16.00 | US$23.83 +49.0% | 9.5% | US$26.00 | US$19.00 | US$12.01 | 6 |
| Feb ’24 | US$15.66 | US$28.00 +78.8% | 23.8% | US$40.00 | US$19.00 | US$8.88 | 6 |
| Jan ’24 | US$11.41 | US$28.67 +151.2% | 21.1% | US$40.00 | US$21.00 | US$12.00 | 6 |
| Dec ’23 | US$13.18 | US$30.00 +127.6% | 19.9% | US$40.00 | US$21.00 | US$9.88 | 6 |
| Nov ’23 | US$20.05 | US$39.83 +98.7% | 15.6% | US$51.00 | US$33.00 | US$5.41 | 6 |
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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