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Initiator Pharma A/S
STO:INIT

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Initiator Pharma A/S
STO:INIT
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Price: 2.99 SEK 2.75% Market Closed
Market Cap: kr204.7m

Relative Value

The Relative Value of one INIT stock under the Base Case scenario is 5.68 SEK. Compared to the current market price of 2.99 SEK, Initiator Pharma A/S is Undervalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

INIT Relative Value
Base Case
5.68 SEK
Undervaluation 47%
Relative Value
Price
I
Worst Case
Base Case
Best Case

Multiples Across Competitors

INIT Competitors Multiples
Initiator Pharma A/S Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
DK
Initiator Pharma A/S
STO:INIT
204.7m SEK 0 -12.3 -8.6 -8.6
FR
Pharnext SCA
OTC:PNEXF
6T USD 33 690 872.8 -160 127.7 -194 446.1 -192 227.3
US
Abbvie Inc
NYSE:ABBV
402.1B USD 6.6 96.1 15.8 21.9
US
Amgen Inc
NASDAQ:AMGN
203.2B USD 5.5 26.3 15.1 15.1
US
Gilead Sciences Inc
NASDAQ:GILD
182B USD 6.2 21.4 13.3 16.4
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
117.1B USD 9.8 29.6 22.3 23.3
US
Epizyme Inc
F:EPE
94.1B EUR 2 091 -533.6 -581 -565.5
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
82.6B USD 5.8 18.3 13.8 15.7
AU
CSL Ltd
ASX:CSL
70.2B AUD 3.2 35.7 11.7 14.7
US
Seagen Inc
F:SGT
39.3B EUR 20.1 -61.8 -66.6 -60.1
NL
argenx SE
XBRU:ARGX
38.4B EUR 10.9 35.1 38.1 38.9
P/S Multiple
Revenue Growth P/S to Growth
DK
I
Initiator Pharma A/S
STO:INIT
Average P/S: 3 369 303.2
Not Available
N/A N/A
FR
Pharnext SCA
OTC:PNEXF
33 690 872.8
N/A N/A
US
Abbvie Inc
NYSE:ABBV
6.6
9%
0.7
US
Amgen Inc
NASDAQ:AMGN
5.5
3%
1.8
US
Gilead Sciences Inc
NASDAQ:GILD
6.2
5%
1.2
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
9.8
11%
0.9
US
E
Epizyme Inc
F:EPE
2 091
N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
5.8
10%
0.6
AU
CSL Ltd
ASX:CSL
3.2
4%
0.8
US
S
Seagen Inc
F:SGT
20.1
30%
0.7
NL
argenx SE
XBRU:ARGX
10.9
27%
0.4
P/E Multiple
Earnings Growth PEG
DK
I
Initiator Pharma A/S
STO:INIT
Average P/E: 37.5
Negative Multiple: -12.3
N/A N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
96.1
97%
1
US
Amgen Inc
NASDAQ:AMGN
26.3
20%
1.3
US
Gilead Sciences Inc
NASDAQ:GILD
21.4
16%
1.3
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
29.6
16%
1.9
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
18.3
13%
1.4
AU
CSL Ltd
ASX:CSL
35.7
10%
3.6
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A
NL
argenx SE
XBRU:ARGX
35.1
32%
1.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DK
I
Initiator Pharma A/S
STO:INIT
Average EV/EBITDA: 18.6
Negative Multiple: -8.6
N/A N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -194 446.1 N/A N/A
US
Abbvie Inc
NYSE:ABBV
15.8
12%
1.3
US
Amgen Inc
NASDAQ:AMGN
15.1
10%
1.5
US
Gilead Sciences Inc
NASDAQ:GILD
13.3
9%
1.5
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
22.3
16%
1.4
US
E
Epizyme Inc
F:EPE
Negative Multiple: -581 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
13.8
18%
0.8
AU
CSL Ltd
ASX:CSL
11.7
7%
1.7
US
S
Seagen Inc
F:SGT
Negative Multiple: -66.6 N/A N/A
NL
argenx SE
XBRU:ARGX
38.1
50%
0.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DK
I
Initiator Pharma A/S
STO:INIT
Average EV/EBIT: 20.9
Negative Multiple: -8.6
N/A N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -192 227.3 N/A N/A
US
Abbvie Inc
NYSE:ABBV
21.9
24%
0.9
US
Amgen Inc
NASDAQ:AMGN
15.1
3%
5
US
Gilead Sciences Inc
NASDAQ:GILD
16.4
13%
1.3
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
23.3
16%
1.5
US
E
Epizyme Inc
F:EPE
Negative Multiple: -565.5 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
15.7
23%
0.7
AU
CSL Ltd
ASX:CSL
14.7
10%
1.5
US
S
Seagen Inc
F:SGT
Negative Multiple: -60.1 N/A N/A
NL
argenx SE
XBRU:ARGX
38.9
56%
0.7
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