uniQure Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Discounted Cash Flow
Simply Wall St
US$248.74
Fair Value
94.0% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: QURE ($14.91) is trading below our estimate of fair value ($248.74)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for QURE. This is calculated by dividing QURE's market cap by their current revenue.
What is QURE's PS Ratio?
PS Ratio25.4x
SalesUS$28.59m
Market CapUS$684.84m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for QURE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average16.7x
SAGE Sage Therapeutics
4x26.6%US$433.1m
VIR Vir Biotechnology
18.3x41.9%US$1.4b
ITOS iTeos Therapeutics
8.4x37.5%US$292.3m
MGTX MeiraGTx Holdings
36x41.9%US$489.2m
QURE uniQure
25.4x42.5%US$684.8m

Price-To-Sales vs Peers: QURE is expensive based on its Price-To-Sales Ratio (25.4x) compared to the peer average (16.7x).


Price to Sales Ratio vs Industry

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

139 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
2.1x1.2%US$20.48b
INCY Incyte
3.5x5.6%US$13.86b
MRNA Moderna
2.7x11.4%US$13.11b
EXAS Exact Sciences
3.7x9.6%US$9.58b
QURE 25.4xIndustry Avg. 10.4xNo. of Companies139PS01632486480+
139 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: QURE is expensive based on its Price-To-Sales Ratio (25.4x) compared to the US Biotechs industry average (10.2x).


Price to Sales Ratio vs Fair Ratio

What is QURE'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.

QURE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio25.4x
Fair PS Ratio0.06x

Price-To-Sales vs Fair Ratio: QURE is expensive based on its Price-To-Sales Ratio (25.4x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).


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 QURE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.91
US$30.99
+107.8%
35.9%US$57.11US$19.83n/a10
Jan ’26US$17.66
US$30.34
+71.8%
37.4%US$56.82US$19.73n/a10
Dec ’25US$5.97
US$18.65
+212.4%
40.8%US$27.54US$6.77n/a11
Nov ’25US$5.86
US$19.44
+231.7%
38.8%US$28.38US$7.10n/a11
Oct ’25US$4.62
US$19.66
+325.5%
40.8%US$28.79US$7.20n/a10
Sep ’25US$5.85
US$19.77
+237.9%
40.6%US$28.89US$7.22n/a10
Aug ’25US$7.48
US$18.88
+152.5%
39.7%US$28.02US$7.00n/a10
Jul ’25US$4.45
US$18.60
+318.3%
43.6%US$28.31US$6.07n/a10
Jun ’25US$4.95
US$18.44
+272.5%
43.5%US$28.05US$6.01n/a10
May ’25US$4.57
US$20.24
+342.8%
37.6%US$29.55US$7.02n/a11
Apr ’25US$5.21
US$21.90
+320.3%
42.3%US$37.87US$6.98n/a11
Mar ’25US$5.59
US$22.64
+304.9%
39.2%US$37.55US$7.01n/a12
Feb ’25US$5.56
US$30.33
+445.5%
47.7%US$64.09US$9.98n/a12
Jan ’25US$6.77
US$30.83
+355.5%
47.1%US$64.34US$10.02US$17.6612
Dec ’24US$7.14
US$33.17
+364.6%
40.9%US$64.55US$14.37US$5.9711
Nov ’24US$5.76
US$34.25
+494.6%
34.8%US$53.70US$13.98US$5.8612
Oct ’24US$6.71
US$35.23
+425.1%
32.6%US$53.98US$13.83US$4.6212
Sep ’24US$8.72
US$37.81
+333.6%
31.8%US$55.17US$13.79US$5.8514
Aug ’24US$10.62
US$43.77
+312.2%
38.8%US$90.27US$14.02US$7.4814
Jul ’24US$11.46
US$46.40
+304.8%
36.2%US$89.52US$13.93US$4.4514
Jun ’24US$20.60
US$50.30
+144.2%
28.0%US$89.52US$23.62US$4.9514
May ’24US$20.11
US$55.18
+174.4%
27.6%US$93.47US$24.02US$4.5714
Apr ’24US$20.14
US$53.63
+166.3%
27.8%US$92.23US$24.56US$5.2115
Mar ’24US$21.52
US$52.45
+143.7%
27.5%US$89.31US$23.97US$5.5915
Feb ’24US$21.64
US$53.34
+146.5%
26.8%US$91.77US$24.02US$5.5616
Jan ’24US$22.67
US$53.52
+136.1%
26.1%US$90.09US$24.15US$6.7716
Analyst Price Target
Consensus Narrative from 10 Analysts
US$30.99
Fair Value
51.9% undervalued intrinsic discount
10
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.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 08:18
End of Day Share Price 2025/01/21 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

uniQure N.V. is covered by 31 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Madhu KumarBaird
James BirchenoughBMO Capital Markets Equity Research
Madhu KumarB. Riley Securities, Inc.