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Marinomed Biotech AG
VSE:MARI

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Marinomed Biotech AG
VSE:MARI
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Price: 13.1 EUR -4.38%
Market Cap: €30.1m

P/S

2
Current
69%
Cheaper
vs 3-y average of 6.3

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
€24.3m
/
Revenue
€11.9m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
€24.3m
/
Revenue
€11.9m

Valuation Scenarios

Marinomed Biotech AG is trading below its 3-year average

If P/S returns to its 3-Year Average (6.3), the stock would be worth €41.8 (219% upside from current price).

Statistics
Positive Scenarios
2/3
Maximum Downside
-66%
Maximum Upside
+308%
Average Upside
154%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2 €13.1
0%
3-Year Average 6.3 €41.8
+219%
5-Year Average 8 €53.5
+308%
Country Average 0.7 €4.5
-66%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€24.3m
/
Jul 2025
€11.9m
=
2
Current
€24.3m
/
Dec 2025
€8.7m
=
2.8
Forward
€24.3m
/
Dec 2026
€10.3m
=
2.3
Forward
€24.3m
/
Dec 2027
€12.4m
=
2
Forward
€24.3m
/
Dec 2028
€50.8m
=
0.5
Forward
€24.3m
/
Dec 2029
€19.3m
=
1.3
Forward
€24.3m
/
Dec 2030
€24.1m
=
1
Forward
€24.3m
/
Dec 2031
€30.1m
=
0.8
Forward
€24.3m
/
Dec 2032
€37.7m
=
0.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
AT
Marinomed Biotech AG
VSE:MARI
30.1m EUR 2 4.4
US
Eli Lilly and Co
NYSE:LLY
804.2B USD 12.3 39
US
Johnson & Johnson
NYSE:JNJ
547.4B USD 5.7 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 4.2 20.1
UK
AstraZeneca PLC
LSE:AZN
212.4B GBP 4.9 28.1
US
Merck & Co Inc
NYSE:MRK
274.6B USD 4.2 15
CH
Novartis AG
SIX:NOVN
216.3B CHF 4.9 20.6
IE
Endo International PLC
LSE:0Y5F
244.4B USD 105.4 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 3.8 11.6
US
Pfizer Inc
NYSE:PFE
149.3B USD 2.4 19.2
US
Bristol-Myers Squibb Co
NYSE:BMY
115.9B USD 2.4 16.4
P/E Multiple
Earnings Growth PEG
AT
M
Marinomed Biotech AG
VSE:MARI
Average P/E: 20
4.4
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
39
32%
1.2
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
28.1
25%
1.1
US
Merck & Co Inc
NYSE:MRK
15
14%
1.1
CH
Novartis AG
SIX:NOVN
20.6
14%
1.5
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.6
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.2
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.4
16%
1

Market Distribution

Higher than 80% of companies in Austria
Percentile
80th
Based on 366 companies
80th percentile
2
Low
0 — 0.5
Typical Range
0.5 — 1.2
High
1.2 —
Distribution Statistics
Austria
Min 0
30th Percentile 0.5
Median 0.7
70th Percentile 1.2
Max 25.7

Marinomed Biotech AG
Glance View

Market Cap
30.1m EUR
Industry
Pharmaceuticals

Marinomed Biotech AG is a biopharmaceutical company, which engages in the development of therapies based on patent protected technology platforms. The company is headquartered in Korneuburg, Niederoesterreich and currently employs 43 full-time employees. The company went IPO on 2019-02-01. The firm develops antiviral and immunological therapies such as nasal sprays using the respiratory disease antiviral technology platform, Marinosolv and the Carragelose platform. With the Marinosolv technology platform, it is possible to improve the effectiveness of poorly soluble active ingredients. This technology has the potential to change some therapies in the field of allergy and autoimmune diseases. The Carragelose platform is already used in six different products against viral infections of the respiratory tract. The firm also offers products for the treatment of influenza, combination products for asthmatics, and others. The firm also develops treatments for type I allergies and autoimmune diseases. The firm is a spin-off from the University of Veterinary Medicine, Vienna.

MARI Intrinsic Value
22.34 EUR
Undervaluation 41%
Intrinsic Value
Price €13.1
M
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