Ultragenyx Pharmaceutical (RARE): Assessing Valuation After $400 Million Financing and Expanded Crysvita Royalty Deal

Ultragenyx Pharmaceutical (RARE) just secured $400 million in non-dilutive financing from OMERS and expanded their partnership with a new royalty agreement on Crysvita sales. These moves provide fresh capital and increased financial flexibility.

See our latest analysis for Ultragenyx Pharmaceutical.

These fresh financing and royalty moves come as Ultragenyx Pharmaceutical continues to navigate challenging market sentiment. After a sharp slide earlier this year, momentum has tentatively returned. Recent gains include an 8% 7-day share price return, though the stock’s 1-year total shareholder return remains a steep -26%. Ongoing clinical progress and upbeat revenue guidance suggest the outlook could be shifting, but many investors are still weighing long-term risks against growth potential.

If you’re curious what other healthcare names are getting attention lately, it’s worth exploring See the full list for free.

With shares still well off their highs and new capital on hand, investors are left to wonder: Is Ultragenyx trading at a meaningful discount, or is the market already factoring in the company’s improving growth prospects?

Most Popular Narrative: 60.7% Undervalued

With the most widely followed narrative assigning a fair value nearly double the last close, Ultragenyx’s current valuation could be missing a major inflection point. The stage is set for a pivotal moment given biomarkers of momentum and a clear disconnect between share price and long-term growth hopes.

Ultragenyx's clinical pipeline is advancing with five Phase III programs (including UX143 and GTX-102). Multiple BLA submissions are expected in the coming quarters, and near-term Phase III data readouts (notably for UX143 in OI by year-end and GTX-102 in Angelman syndrome in 2026) serve as upcoming value inflection points that can diversify and significantly accelerate the company's revenue base.

Read the complete narrative.

Want to see what’s driving analysts to peg such a big gap between today’s price and fair value? The entire foundation of this narrative relies on bold forecasts for pipeline success, faster profit margins, and explosive top-line growth. Hungry for the exact numbers and surprising assumptions pushing this valuation sky-high? Click through and find out what could be behind the next breakout move for Ultragenyx.

Result: Fair Value of $84.10 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent cash burn and regulatory delays remain key risks. These factors could quickly challenge the bullish valuation and shift investor sentiment.

Find out about the key risks to this Ultragenyx Pharmaceutical narrative.

Build Your Own Ultragenyx Pharmaceutical Narrative

If you want to dig deeper or think the numbers tell a different story, you can build your own take on Ultragenyx in just a few minutes. Do it your way

A great starting point for your Ultragenyx Pharmaceutical research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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