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Halozyme Therapeutics, Inc. (HALO)

POSITIVE
HealthcareBiotechnologyUnited States

Fundamental

70

Price

$109.02

Market Cap

$12.19B

Part 1 · What the company is worth

Overview

Halozyme Therapeutics, Inc., a biopharmaceutical company, researches, develops, and commercializes of proprietary enzymes and devices in the United States, Switzerland, Belgium, Japan, and internationally. The company's products are based on the patented recombinant human hyaluronidase enzyme (rHuPH20) that enables delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids. It offers Hylenex recombinant, a formulation of rHuPH20 that facilitates subcutaneous (SC) administration to enhance the dispersion and absorption of other injected drugs in SC urography and to enhance resorption of radiopaque agents; and XYOSTED, an injection for SC administration of testosterone replacement therapy. The company also provides Herceptin (trastuzumab) under the brand name Herceptin Hylecta; and Phesgo to treat breast cancer; Mabthera SC for chronic lymphocytic leukemia treatment; Tecentriq SC for IV infusion; Ocrevus SC for multiple sclerosis; HYQVIA to treat primary immunodeficiency disorders; DARZALEX to treat amyloidosis, and smoldering and multiple myeloma; epinephrine Injection to treat allergic reactions; nivolumab and relatlimab to treat metastatic or unresectable melanoma; teriparatide injections; ARGX-113; and ARGX-117 to treat severe autoimmune diseases in multifocal motor neuropathy. It has collaborations and licensing agreements with F. Hoffmann-La Roche, Ltd. and Hoffmann-La Roche, Inc.; Takeda Pharmaceuticals International AG and Baxalta US Inc.; Pfizer Inc.; Janssen Biotech, Inc.; AbbVie, Inc.; Eli Lilly and Company; Bristol Myers Squibb Company; argenx BVBA; ViiV Healthcare; Chugai Pharmaceutical Co., Ltd.; Acumen Pharmaceuticals, Inc.; Merus N.V.; and Skye Bioscience, Inc. The company was founded in 1998 and is headquartered in San Diego, California.

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Direct competitors

Who this company fights with for the same customers

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Balance Sheet & Liquidity

Revenue

$1.66B

Trailing 12 months (through 6/30/2026)

Net Income

$414M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$645M

Total Equity

$49M

Total Liabilities

$2.48B

Current Ratio

2.71

Interest Coverage

29.41

Debt/EBITDA

4.53

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Undervalued

Fair Value

$145.47

Current Price

$109.02

Margin of Safety

+25.1%

Fair Value Range

$94.56 - $196.38

Estimation Methods

Analyst Target:$99.56
DCF:$255.80
PE-based:$30.89
Graham Growth:$162.88
EPV:$41.03
Analyst Consensus:Buy (12B / 4H / 0S)
Last Earnings Surprise:+21.75%

Valuation Metrics

P/E Ratio

31.77

ROE

649.2%

P/B Ratio

85.90

P/FCF

15.29

Gross Margin

82.4%

ROIC

21.1%

Profitability Radar

Value Creation (Economic Moat)

ROIC

21.1%

WACC

8.0%

ROIC − WACC

+13.1 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (19)

  • EPS shows upward trend
  • Price CAGR 27.04%
  • ROIC 21.1%
  • Gross Margin 82.4%
  • P/FCF 15.29
  • Operating Margin 35.9%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 180.6%
  • Revenue Growth 5Y 39.2%
  • Analyst Consensus 75% Buy
  • PEG Ratio 1.21
  • Earnings Quality (OCF/NI) 1.98
  • Share Dilution -4.4%
  • Piotroski F-Score 5/9

Failed (7)

  • P/B Ratio 85.90
  • Debt/Equity ratio
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Surprise avg -20.7%
  • Net Margin Trend 24.9% vs 47.3%

Unavailable (1)

  • Dividend Payout NaN%

Piotroski F-Score

5/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.98

High quality: earnings backed by cash

Share Dilution

-4.4%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Dr. Helen I. Torley M.B. Ch. B., M.R.C.P.President, CEO & Director62
Mr. Darren SnellgroveSenior VP & CFO-
Mr. David A. Ramsay MBAPresident of Drug Delivery60
Dr. Christopher Wahl M.B.A., M.D.Chief Scientific Officer-
Dr. Charles P. Theuer M.D., Ph.D.Chief Medical Officer61
Mr. Paul SpenceChief Commercial Officer56
Mr. Rhys de CallierChief Strategy Officer-
Mr. Chase Coffman Ph.D.President of Hypercon-

Audit Risk

3

Board Risk

1

Compensation Risk

4

Shareholder Rights Risk

3

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for HALO, sourced from Markets Gazette.

No recent news for HALO.