Dyne Therapeutics, Inc.

NasdaqGS:DYN Stock Report

Market Cap: US$1.4b

Dyne Therapeutics Valuation

Is DYN 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$85.71
Fair Value
83.9% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: DYN ($13.82) is trading below our estimate of fair value ($85.71)

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

Key Valuation Metric

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

Key metric: As DYN is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for DYN. This is calculated by dividing DYN's market cap by their current book value.
What is DYN's PB Ratio?
PB Ratio2x
BookUS$705.54m
Market CapUS$1.40b

Price to Book Ratio vs Peers

How does DYN's PB Ratio compare to its peers?

The above table shows the PB ratio for DYN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average5.3x
ARQT Arcutis Biotherapeutics
9.7x59.2%US$1.5b
KNSA Kiniksa Pharmaceuticals International
3.3x49.4%US$1.4b
IMCR Immunocore Holdings
3.9x35.2%US$1.5b
ETNB 89bio
4.2x32.0%US$1.5b
DYN Dyne Therapeutics
2x19.8%US$1.4b

Price-To-Book vs Peers: DYN is good value based on its Price-To-Book Ratio (2x) compared to the peer average (5.3x).

Price to Book Ratio vs Industry

How does DYN's PB Ratio compare vs other companies in the US Biotechs Industry?

67 CompaniesPrice / BookEstimated GrowthMarket Cap
FDMT 4D Molecular Therapeutics
0.4x-4.7%US$224.20m
LYEL Lyell Immunopharma
0.3x-13.7%US$178.04m
NKTX Nkarta
0.4x-9.8%US$160.19m
MGX Metagenomi
0.4x-20.8%US$89.07m
DYN 2.0xIndustry Avg. 1.6xNo. of Companies79PB01.63.24.86.48+
67 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: DYN is expensive based on its Price-To-Book Ratio (2x) compared to the US Biotechs industry average (1.6x).

Price to Book Ratio vs Fair Ratio

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

DYN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate DYN's Price-To-Book Fair Ratio for valuation analysis.

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 DYN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$13.82
US$49.50
+258.2%
22.3%US$66.00US$18.00n/a12
Feb ’26US$14.22
US$49.50
+248.1%
22.3%US$66.00US$18.00n/a12
Jan ’26US$23.56
US$50.42
+114.0%
14.2%US$66.00US$34.00n/a12
Dec ’25US$30.61
US$50.82
+66.0%
14.5%US$66.00US$34.00n/a11
Nov ’25US$28.74
US$52.20
+81.6%
14.0%US$66.00US$35.00n/a10
Oct ’25US$34.76
US$53.00
+52.5%
10.6%US$66.00US$43.00n/a10
Sep ’25US$46.09
US$53.00
+15.0%
10.6%US$66.00US$43.00n/a10
Aug ’25US$42.08
US$46.30
+10.0%
11.1%US$56.00US$41.00n/a10
Jul ’25US$35.49
US$45.90
+29.3%
12.0%US$56.00US$39.00n/a10
Jun ’25US$31.88
US$45.90
+44.0%
12.0%US$56.00US$39.00n/a10
May ’25US$25.83
US$37.80
+46.3%
22.5%US$56.00US$25.00n/a10
Apr ’25US$28.00
US$37.56
+34.1%
23.8%US$56.00US$25.00n/a9
Mar ’25US$29.13
US$34.67
+19.0%
29.1%US$56.00US$20.00n/a9
Feb ’25US$22.06
US$34.50
+56.4%
31.0%US$56.00US$20.00US$14.228
Jan ’25US$13.30
US$28.13
+111.5%
19.6%US$36.00US$20.00US$23.568
Dec ’24US$11.20
US$28.13
+151.1%
19.6%US$36.00US$20.00US$30.618
Nov ’24US$7.30
US$28.13
+285.3%
19.6%US$36.00US$20.00US$28.748
Oct ’24US$8.96
US$29.50
+229.2%
27.4%US$47.00US$20.00US$34.768
Sep ’24US$11.77
US$29.50
+150.6%
27.4%US$47.00US$20.00US$46.098
Aug ’24US$11.84
US$29.25
+147.0%
28.5%US$47.00US$20.00US$42.088
Jul ’24US$11.25
US$29.25
+160.0%
28.5%US$47.00US$20.00US$35.498
Jun ’24US$12.79
US$29.25
+128.7%
28.5%US$47.00US$20.00US$31.888
May ’24US$11.16
US$29.38
+163.2%
27.9%US$47.00US$20.00US$25.838
Apr ’24US$11.52
US$29.38
+155.0%
27.9%US$47.00US$20.00US$28.008
Mar ’24US$13.63
US$28.50
+109.1%
32.1%US$47.00US$17.00US$29.138
Feb ’24US$14.61
US$26.14
+78.9%
39.7%US$47.00US$16.00US$22.067
Analyst Price Target
Consensus Narrative from 12 Analysts
US$49.50
Fair Value
72.1% undervalued intrinsic discount
12
Number of Analysts

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 Analysis2025/02/19 23:23
End of Day Share Price 2025/02/19 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

Dyne Therapeutics, Inc. is covered by 13 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian SkorneyBaird
Keay NakaeChardan Capital Markets, LLC
Debjit ChattopadhyayGuggenheim Securities, LLC