MeiraGTx Holdings plc

NasdaqGS:MGTX Stock Report

Market Cap: US$480.6m

MeiraGTx Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for MGTX. This is calculated by dividing MGTX's market cap by their current revenue.
What is MGTX's PS Ratio?
PS Ratio34.5x
SalesUS$13.93m
Market CapUS$480.64m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MGTX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.3x
ANAB AnaptysBio
7.7x4.2%US$442.7m
RGNX REGENXBIO
4.5x39.5%US$377.5m
RNAC Cartesian Therapeutics
10.2x-28.1%US$489.3m
XOMA XOMA Royalty
14.8x31.3%US$319.7m
MGTX MeiraGTx Holdings
34.5x46.8%US$480.6m

Price-To-Sales vs Peers: MGTX is expensive based on its Price-To-Sales Ratio (34.5x) compared to the peer average (9.3x).

Price to Sales Ratio vs Industry

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

134 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
2.2x1.3%US$21.34b
MRNA Moderna
3x5.8%US$15.16b
INCY Incyte
3.3x8.9%US$13.26b
ALKS Alkermes
3.2x-0.7%US$4.81b
MGTX 34.5xIndustry Avg. 9.9xNo. of Companies134PS01632486480+
134 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MGTX is expensive based on its Price-To-Sales Ratio (34.5x) compared to the US Biotechs industry average (9.9x).

Price to Sales Ratio vs Fair Ratio

What is MGTX'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.

MGTX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio34.5x
Fair PS Ratio8.7x

Price-To-Sales vs Fair Ratio: MGTX is expensive based on its Price-To-Sales Ratio (34.5x) compared to the estimated Fair Price-To-Sales Ratio (8.7x).

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 MGTX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.15
US$21.00
+241.5%
44.3%US$36.00US$11.00n/a5
Dec ’25US$6.77
US$23.25
+243.4%
39.1%US$36.00US$11.00n/a4
Nov ’25US$5.81
US$20.60
+254.6%
47.3%US$36.00US$9.00n/a5
Oct ’25US$4.15
US$20.60
+396.4%
47.3%US$36.00US$9.00n/a5
Sep ’25US$4.07
US$20.60
+406.1%
47.3%US$36.00US$9.00n/a5
Aug ’25US$4.88
US$21.20
+334.4%
43.0%US$36.00US$11.00n/a5
Jul ’25US$4.10
US$21.20
+417.1%
43.0%US$36.00US$11.00n/a5
Jun ’25US$4.90
US$21.20
+332.7%
43.0%US$36.00US$11.00n/a5
May ’25US$4.99
US$21.60
+332.9%
40.6%US$36.00US$11.00n/a5
Apr ’25US$5.81
US$21.60
+271.8%
40.6%US$36.00US$11.00n/a5
Mar ’25US$6.41
US$21.60
+237.0%
40.6%US$36.00US$11.00n/a5
Feb ’25US$6.11
US$21.60
+253.5%
40.6%US$36.00US$11.00n/a5
Jan ’25US$7.02
US$22.20
+216.2%
37.8%US$36.00US$11.00n/a5
Dec ’24US$5.38
US$24.00
+346.1%
45.8%US$41.00US$11.00US$6.774
Nov ’24US$5.04
US$23.60
+368.3%
41.7%US$41.00US$11.00US$5.815
Oct ’24US$4.91
US$23.60
+380.7%
41.7%US$41.00US$11.00US$4.155
Sep ’24US$6.37
US$23.60
+270.5%
41.7%US$41.00US$11.00US$4.075
Aug ’24US$6.07
US$24.00
+295.4%
38.9%US$41.00US$13.00US$4.885
Jul ’24US$6.72
US$24.00
+257.1%
38.9%US$41.00US$13.00US$4.105
Jun ’24US$6.89
US$24.00
+248.3%
38.9%US$41.00US$13.00US$4.905
May ’24US$5.46
US$24.60
+350.5%
36.2%US$41.00US$15.00US$4.995
Apr ’24US$5.17
US$24.67
+377.1%
31.2%US$41.00US$18.00US$5.816
Mar ’24US$7.76
US$31.00
+299.5%
26.5%US$47.00US$22.00US$6.416
Feb ’24US$8.38
US$31.00
+269.9%
26.5%US$47.00US$22.00US$6.116
Jan ’24US$6.52
US$29.14
+347.0%
30.4%US$47.00US$18.00US$7.027
Dec ’23US$6.31
US$28.86
+357.3%
31.6%US$47.00US$18.00US$5.387

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 Analysis2024/12/23 04:20
End of Day Share Price 2024/12/20 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

MeiraGTx Holdings plc is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Huidong WangBarclays
Alec StranahanBofA Global Research
Gbolahan Amusa BenzChardan Capital Markets, LLC