Harpoon Therapeutics, Inc.

NasdaqCM:HARP Stock Report

Market Cap: US$492.3m

Harpoon Therapeutics Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

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

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HARP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue13x
Enterprise Value/EBITDA-13.7x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HARP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.5x
VYGR Voyager Therapeutics
1.6x-40.4%US$415.4m
ABUS Arbutus Biopharma
27.3x-13.8%US$495.5m
URGN UroGen Pharma
5.9x38.1%US$495.8m
CDMO Avid Bioservices
3.1x16.9%US$422.4m
HARP Harpoon Therapeutics
13.2x35.3%US$492.3m

Price-To-Sales vs Peers: HARP is expensive based on its Price-To-Sales Ratio (13.2x) compared to the peer average (10.1x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.3%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.3%
n/an/an/a
No more companies

Price-To-Sales vs Industry: HARP is good value based on its Price-To-Sales Ratio (13.2x) compared to the US Biotechs industry average (16.3x).


Price to Sales Ratio vs Fair Ratio

What is HARP'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.

HARP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio13.2x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: HARP is expensive based on its Price-To-Sales Ratio (13.2x) 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 HARP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$23.77
0%
5.9%US$27.00US$23.00n/a7
Apr ’25n/a
US$23.77
0%
5.9%US$27.00US$23.00n/a7
Mar ’25US$22.94
US$23.67
+3.2%
5.6%US$27.00US$23.00n/a8
Feb ’25US$22.31
US$22.42
+0.5%
16.9%US$27.00US$13.00n/a8
Jan ’25US$11.37
US$15.00
+31.9%
51.3%US$30.00US$8.00n/a5
Dec ’24US$11.06
US$14.10
+27.5%
58.4%US$30.00US$7.50n/a5
Nov ’24US$5.05
US$14.90
+195.0%
55.0%US$30.00US$7.50n/a5
Oct ’24US$4.03
US$31.08
+671.3%
79.9%US$80.00US$7.50n/a6
Sep ’24US$8.94
US$53.33
+496.7%
43.2%US$80.00US$15.00n/a6
Aug ’24US$7.68
US$53.43
+596.0%
43.0%US$80.00US$15.00n/a6
Jul ’24US$7.10
US$53.43
+652.6%
43.0%US$80.00US$15.00n/a6
Jun ’24US$6.85
US$53.43
+680.3%
43.0%US$80.00US$15.00n/a6
May ’24US$5.46
US$53.33
+876.8%
43.2%US$80.00US$15.00n/a6
Apr ’24US$7.44
US$65.71
+783.0%
65.1%US$160.00US$15.00n/a7
Mar ’24US$7.50
US$68.13
+808.3%
66.0%US$160.00US$15.00US$22.948
Feb ’24US$11.00
US$68.13
+519.3%
66.0%US$160.00US$15.00US$22.318
Jan ’24US$7.26
US$68.33
+841.6%
62.1%US$160.00US$15.00US$11.379
Dec ’23US$7.08
US$73.89
+943.6%
52.6%US$160.00US$15.00US$11.069
Nov ’23US$8.90
US$87.78
+886.5%
33.9%US$160.00US$60.00US$5.059
Oct ’23US$9.70
US$87.78
+804.8%
33.9%US$160.00US$60.00US$4.039
Sep ’23US$15.90
US$87.78
+452.1%
33.9%US$160.00US$60.00US$8.949
Aug ’23US$19.60
US$123.33
+529.3%
30.1%US$180.00US$70.00US$7.689
Jul ’23US$18.80
US$121.11
+544.2%
29.2%US$180.00US$70.00US$7.109
Jun ’23US$19.90
US$127.00
+538.2%
29.9%US$180.00US$70.00US$6.8510
May ’23US$22.50
US$145.00
+544.4%
49.3%US$330.00US$50.00US$5.4610
Apr ’23US$50.00
US$145.00
+190.0%
49.3%US$330.00US$50.00US$7.4410

Analyst Forecast: Target price is less than 20% higher than the current share price.


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