I-Mab

NasdaqGM:IMAB Stock Report

Market Cap: US$89.7m

I-Mab Valuation

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

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

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

Key Valuation Metric

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

Key metric: As IMAB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IMAB. This is calculated by dividing IMAB's market cap by their current revenue.
What is IMAB's PS Ratio?
PS Ratio27.1x
SalesUS$3.31m
Market CapUS$89.65m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for IMAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average31.1x
CBUS Cibus
16.4x54.1%US$76.1m
VTVT vTv Therapeutics
36.6x-85.6%US$46.7m
SABS SAB Biotherapeutics
24.6x61.5%US$37.2m
FIXX Homology Medicines
47xn/aUS$54.3m
IMAB I-Mab
27.1x65.1%US$89.7m

Price-To-Sales vs Peers: IMAB is good value based on its Price-To-Sales Ratio (27.1x) compared to the peer average (31.1x).

Price to Sales Ratio vs Industry

How does IMAB's PS Ratio compare vs other companies in the US Biotechs Industry?

134 CompaniesPrice / SalesEstimated GrowthMarket Cap
GILD Gilead Sciences
3.9x2.8%US$112.95b
BIIB Biogen
2.3x1.3%US$22.32b
MRNA Moderna
3.3x13.5%US$18.29b
INCY Incyte
3.5x5.6%US$14.10b
IMAB 27.1xIndustry Avg. 10.7xNo. of Companies134PS01632486480+
134 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IMAB is expensive based on its Price-To-Sales Ratio (27.1x) compared to the US Biotechs industry average (10.7x).

Price to Sales Ratio vs Fair Ratio

What is IMAB'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.

IMAB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio27.1x
Fair PS Ratio21.2x

Price-To-Sales vs Fair Ratio: IMAB is expensive based on its Price-To-Sales Ratio (27.1x) compared to the estimated Fair Price-To-Sales Ratio (21.2x).

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 IMAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.10
US$5.67
+415.2%
30.0%US$8.00US$4.00n/a3
Jan ’26US$0.85
US$6.33
+645.1%
19.7%US$8.00US$5.00n/a3
Dec ’25US$0.93
US$6.75
+624.1%
19.2%US$8.00US$5.00n/a4
Nov ’25US$1.07
US$6.75
+530.8%
19.2%US$8.00US$5.00n/a4
Oct ’25US$1.22
US$6.75
+453.3%
19.2%US$8.00US$5.00n/a4
Sep ’25US$1.13
US$6.75
+497.3%
19.2%US$8.00US$5.00n/a4
Aug ’25US$1.31
US$7.25
+453.4%
26.5%US$10.00US$5.00n/a4
Jul ’25US$1.62
US$7.25
+347.5%
26.5%US$10.00US$5.00n/a4
Jun ’25US$1.66
US$7.25
+336.7%
26.5%US$10.00US$5.00n/a4
May ’25US$1.77
US$7.25
+310.8%
26.5%US$10.00US$5.00n/a4
Apr ’25US$1.81
US$7.25
+300.6%
26.5%US$10.00US$5.00n/a4
Mar ’25US$1.79
US$11.50
+542.5%
45.4%US$18.00US$5.00n/a4
Feb ’25US$1.82
US$21.56
+1,084.3%
23.9%US$30.33US$15.00n/a6
Jan ’25US$1.90
US$21.56
+1,034.5%
23.9%US$30.33US$15.00US$0.856
Dec ’24US$1.63
US$25.68
+1,475.2%
43.5%US$50.40US$15.00US$0.937
Nov ’24US$1.53
US$25.68
+1,578.2%
43.5%US$50.40US$15.00US$1.077
Oct ’24US$1.32
US$25.68
+1,845.1%
43.5%US$50.40US$15.00US$1.227
Sep ’24US$1.94
US$23.59
+1,116.0%
50.7%US$50.40US$8.00US$1.138
Aug ’24US$2.77
US$30.03
+984.2%
50.3%US$64.60US$8.00US$1.3110
Jul ’24US$2.99
US$30.03
+904.4%
50.3%US$64.60US$8.00US$1.6210
Jun ’24US$3.03
US$27.65
+812.5%
58.8%US$64.60US$3.80US$1.6611
May ’24US$3.15
US$25.37
+705.5%
60.3%US$64.60US$3.80US$1.7710
Apr ’24US$3.46
US$32.22
+831.3%
50.4%US$64.60US$3.80US$1.8112
Mar ’24US$4.31
US$33.57
+678.8%
45.8%US$64.60US$3.80US$1.7913
Feb ’24US$6.31
US$35.88
+468.7%
47.4%US$66.00US$3.80US$1.8214
Jan ’24US$4.18
US$36.38
+770.4%
44.8%US$66.00US$3.80US$1.9014
Analyst Price Target
Consensus Narrative from 3 Analysts
US$5.67
Fair Value
80.6% undervalued intrinsic discount
3
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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 01:40
End of Day Share Price 2025/01/08 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

I-Mab is covered by 19 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bo LiBofA Global Research
Louise ChenCantor Fitzgerald & Co.
Ziyu HeChina International Capital Corporation Limited