BeiGene, Ltd.

NasdaqGS:ONC Stock Report

Market Cap: US$19.3b

BeiGene Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: ONC ($180.64) is trading below our estimate of fair value ($542.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ONC. This is calculated by dividing ONC's market cap by their current revenue.
What is ONC's PS Ratio?
PS Ratio6x
SalesCN¥23.51b
Market CapCN¥140.91b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ONC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.7x
NTRA Natera
14.8x11.9%US$22.1b
ALNY Alnylam Pharmaceuticals
14.4x21.2%US$30.2b
HZNP Horizon Therapeutics
7.3x8.3%US$26.6b
NBIX Neurocrine Biosciences
6.2x13.4%US$14.0b
ONC BeiGene
6x17.0%US$19.3b

Price-To-Sales vs Peers: ONC is good value based on its Price-To-Sales Ratio (6x) compared to the peer average (11.8x).

Price to Sales Ratio vs Industry

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

132 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
2.3x1.5%US$22.18b
MRNA Moderna
3.2x13.5%US$16.23b
INCY Incyte
3.4x5.2%US$13.41b
EXAS Exact Sciences
4x9.3%US$10.60b
ONC 6.0xIndustry Avg. 11.2xNo. of Companies132PS01632486480+
132 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ONC is good value based on its Price-To-Sales Ratio (6x) compared to the US Biotechs industry average (11x).

Price to Sales Ratio vs Fair Ratio

What is ONC'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.

ONC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6x
Fair PS Ratio10.3x

Price-To-Sales vs Fair Ratio: ONC is good value based on its Price-To-Sales Ratio (6x) compared to the estimated Fair Price-To-Sales Ratio (10.3x).

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 ONC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$180.64
US$280.92
+55.5%
13.6%US$376.00US$207.00n/a21
Dec ’25US$215.00
US$280.06
+30.3%
13.6%US$376.00US$207.00n/a22
Nov ’25US$204.21
US$276.99
+35.6%
15.1%US$345.00US$152.00n/a22
Oct ’25US$230.98
US$274.14
+18.7%
16.0%US$345.00US$152.00n/a22
Sep ’25US$191.78
US$272.96
+42.3%
16.7%US$345.00US$152.00n/a21
Aug ’25US$162.29
US$264.27
+62.8%
19.0%US$345.00US$152.00n/a20
Jul ’25US$144.89
US$267.01
+84.3%
18.2%US$345.00US$152.00n/a21
Jun ’25US$148.85
US$267.01
+79.4%
18.2%US$345.00US$152.00n/a21
May ’25US$156.53
US$268.40
+71.5%
19.2%US$345.00US$152.00n/a21
Apr ’25US$159.23
US$269.36
+69.2%
18.3%US$345.00US$161.00n/a21
Mar ’25US$165.02
US$270.08
+63.7%
17.4%US$345.00US$171.40n/a21
Feb ’25US$149.93
US$282.99
+88.7%
15.1%US$359.00US$196.00n/a19
Jan ’25US$180.36
US$285.19
+58.1%
15.3%US$359.00US$196.00US$184.7119
Dec ’24US$187.49
US$285.19
+52.1%
15.3%US$359.00US$196.00US$215.0019
Nov ’24US$181.30
US$287.65
+58.7%
16.4%US$359.00US$180.18US$204.2119
Oct ’24US$179.87
US$293.49
+63.2%
13.5%US$359.00US$196.00US$230.9820
Sep ’24US$208.92
US$295.74
+41.6%
13.1%US$359.00US$196.00US$191.7821
Aug ’24US$206.54
US$299.25
+44.9%
14.8%US$400.00US$196.00US$162.2921
Jul ’24US$178.30
US$308.39
+73.0%
12.9%US$400.00US$196.00US$144.8919
Jun ’24US$223.48
US$316.38
+41.6%
8.5%US$400.00US$263.30US$148.8520
May ’24US$259.98
US$310.77
+19.5%
9.6%US$400.00US$262.00US$156.5320
Apr ’24US$215.53
US$307.73
+42.8%
10.7%US$400.00US$230.10US$159.2321
Mar ’24US$235.88
US$310.06
+31.4%
10.9%US$400.00US$230.10US$165.0220
Feb ’24US$254.28
US$300.79
+18.3%
14.9%US$400.00US$213.00US$149.9319
Jan ’24US$219.94
US$264.98
+20.5%
18.1%US$400.00US$203.13US$180.3618

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 Analysis2025/01/06 03:13
End of Day Share Price 2025/01/06 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

BeiGene, Ltd. is covered by 56 analysts. 29 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
Michael MengBOCI Research Ltd.
Yonglin YanBOCI Research Ltd.