Legend Biotech Corporation

NasdaqGS:LEGN Stock Report

Market Cap: US$6.0b

Legend Biotech Valuation

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

Below Fair Value: LEGN ($32.49) is trading below our estimate of fair value ($240.95)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for LEGN. This is calculated by dividing LEGN's market cap by their current revenue.
What is LEGN's PS Ratio?
PS Ratio11.5x
SalesUS$520.18m
Market CapUS$6.01b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for LEGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.5x
APLS Apellis Pharmaceuticals
5.7x17.7%US$4.1b
GBT Global Blood Therapeutics
19.7x32.5%US$4.6b
ALVO Alvotech
9.7x34.6%US$3.8b
ADMA ADMA Biologics
10.8x18.1%US$4.2b
LEGN Legend Biotech
11.5x35.6%US$6.0b

Price-To-Sales vs Peers: LEGN is expensive based on its Price-To-Sales Ratio (11.5x) compared to the peer average (8.7x).

Price to Sales Ratio vs Industry

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

136 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
2.3x1.3%US$21.84b
MRNA Moderna
3x5.8%US$15.56b
INCY Incyte
3.3x8.9%US$13.40b
EXAS Exact Sciences
4x9.1%US$10.64b
LEGN 11.5xIndustry Avg. 10.3xNo. of Companies136PS01632486480+
136 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LEGN is expensive based on its Price-To-Sales Ratio (11.5x) compared to the US Biotechs industry average (10.2x).

Price to Sales Ratio vs Fair Ratio

What is LEGN'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.

LEGN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.5x
Fair PS Ratio8.3x

Price-To-Sales vs Fair Ratio: LEGN is expensive based on its Price-To-Sales Ratio (11.5x) compared to the estimated Fair Price-To-Sales Ratio (8.3x).

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 LEGN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$32.49
US$81.85
+151.9%
12.3%US$95.00US$60.00n/a20
Dec ’25US$42.07
US$82.50
+96.1%
11.4%US$95.00US$60.00n/a20
Nov ’25US$44.36
US$83.15
+87.4%
11.4%US$95.00US$60.00n/a20
Oct ’25US$47.48
US$82.98
+74.8%
11.7%US$95.00US$60.00n/a19
Sep ’25US$57.55
US$82.93
+44.1%
11.7%US$95.00US$60.00n/a19
Aug ’25US$55.00
US$82.63
+50.2%
12.2%US$95.00US$60.00n/a19
Jul ’25US$46.02
US$82.50
+79.3%
12.2%US$95.00US$60.00n/a19
Jun ’25US$40.01
US$83.03
+107.5%
12.0%US$95.00US$60.00n/a18
May ’25US$43.98
US$86.33
+96.3%
7.9%US$95.00US$65.00n/a18
Apr ’25US$57.22
US$86.45
+51.1%
7.9%US$95.00US$65.00n/a17
Mar ’25US$65.53
US$86.29
+31.7%
9.3%US$100.00US$65.00n/a15
Feb ’25US$56.22
US$86.29
+53.5%
9.3%US$100.00US$65.00n/a15
Jan ’25US$60.17
US$86.57
+43.9%
9.2%US$100.00US$65.00n/a15
Dec ’24US$59.99
US$87.69
+46.2%
6.5%US$100.00US$76.00US$42.0714
Nov ’24US$66.81
US$87.67
+31.2%
7.0%US$100.00US$76.00US$44.3612
Oct ’24US$67.17
US$88.18
+31.3%
6.7%US$100.00US$76.00US$47.4811
Sep ’24US$71.59
US$88.18
+23.2%
6.7%US$100.00US$76.00US$57.5511
Aug ’24US$74.62
US$86.70
+16.2%
5.7%US$93.00US$76.00US$55.0010
Jul ’24US$69.03
US$82.50
+19.5%
8.7%US$90.00US$65.00US$46.0210
Jun ’24US$63.62
US$80.82
+27.0%
8.3%US$90.00US$65.00US$40.0111
May ’24US$67.24
US$76.30
+13.5%
9.7%US$90.00US$65.00US$43.9810
Apr ’24US$48.22
US$72.91
+51.2%
9.3%US$87.00US$65.00US$57.2211
Mar ’24US$47.15
US$73.67
+56.2%
9.7%US$87.00US$65.00US$65.539
Feb ’24US$51.80
US$73.67
+42.2%
9.7%US$87.00US$65.00US$56.229
Jan ’24US$49.92
US$68.89
+38.0%
11.8%US$79.00US$53.00US$60.179
Dec ’23US$49.77
US$68.00
+36.6%
12.3%US$79.00US$53.00US$59.998

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 Analysis2024/12/27 05:13
End of Day Share Price 2024/12/27 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

Legend Biotech Corporation is covered by 27 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Huidong WangBarclays
Konstantinos BiliourisBMO Capital Markets Equity Research