Mirum Pharmaceuticals, Inc. (MIRM)
NEUTRALFundamental
32
Price
$98.74
Market Cap
$5.85B
Part 1 · What the company is worth
Overview
Mirum Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapies for debilitating rare and orphan diseases. Its lead product candidate is LIVMARLI (maralixibat), an orally administered and minimally absorbed ileal bile acid transporter (IBAT) inhibitor that is approved for the treatment of cholestatic pruritus in patients with Alagille syndrome in the United States and internationally. The company is also involved in the commercialization of Cholbam, a cholic acid capsule, which is approved as treatment for pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects and for adjunctive treatment of patients with peroxisomal disorders, including peroxisome biogenesis disorder-Zellweger spectrum disorder and Smith-Lemli-Opitz syndrome; and Chenodal, a tablet, which is approved for the treatment of radiolucent stones in the gallbladder, and under development for the treatment cerebrotendinous xanthomatosis. In addition, it develops Volixibat, an oral and minimally absorbed agent designed to inhibit IBAT, currently under Phase 2b clinical trial for the treatment of adult patients with cholestatic liver diseases; Brelovitug, for the treatment of chronic HDV infection, which is in Phase 2 clinical trial; and MRM-3379, that is in Phase 2 clinical study for the treatment of FXS. The company has a collaboration agreement with the Shire International GmbH; License Agreement with Pfizer Inc.; Sanofi-Aventis Deutschland GmbH; Novartis Pharma AG; Lonza Ltd.; Enthorin Therapeutics, LLC and Dart Neuroscience LLC; Asset Purchase Agreement with Asklepion Pharmaceuticals, LLC; License and Manufacturing Agreement with LGM Pharma; and Asset Purchase Agreement with Travere Therapeutics, Inc. The company was incorporated in 2018 and is headquartered in Foster City, California.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$618M
Trailing 12 months (through 6/30/2026)
Net Income
$-860M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$55M
Total Equity
$315M
Total Liabilities
$528M
Current Ratio
2.86
Interest Coverage
62.06
Debt/EBITDA
361.93
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
Fair Value
$88.25
Current Price
$98.74
Margin of Safety
-11.9%
Fair Value Range
$57.36 - $119.14
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-7.4%
P/B Ratio
19.80
P/FCF
113.55
Gross Margin
-
ROIC
-80.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-80.1%
WACC
7.3%
ROIC − WACC
-87.4 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (7)
- EPS shows upward trend
- Price CAGR 21.58%
- Debt/Equity ratio
- Current Ratio
- Interest Coverage
- Analyst Consensus 95% Buy
- Piotroski F-Score 5/9
Failed (13)
- ROIC -80.1%
- P/FCF 113.55
- P/B Ratio 19.80
- Operating Margin -134.9%
- Positive Free Cash Flow
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -289.3%
- Earnings Surprise avg -113.4%
- Share Dilution 4.6%
- Net Margin Trend -139.2% vs -13.6%
Unavailable (7)
- Gross Margin NaN%
- Dividend Payout NaN%
- CapEx intensity
- Price below Graham Number
- Revenue Growth 5Y (Finnhub)
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
Low quality: investigate accounting
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Christopher Peetz | CEO & Director | 46 |
| Mr. Peter Radovich M.B.A., Ph.D. | COO & President | 47 |
| Mr. Eric H. Bjerkholt M.B.A., M.S. | Chief Financial Officer | 65 |
| Dr. Joanne M. J. Quan M.D. | Chief Medical Officer | 61 |
| Dr. Jean-Luc Girardet Ph.D. | Chief Technical Officer | - |
| Mr. Andrew McKibben | Senior Vice President, Strategic Finance & Investor Relations | - |
| Mr. Douglas T. Sheehy J.D. | Chief Legal Officer & Secretary | 58 |
| Meredith Kiernan | Senior Director of Global Corporate Communications | - |
| Ms. Erin Campany | Chief People Officer | 57 |
| Ms. Lara Longpre MBA, MSC | Chief Development Officer | 55 |
Audit Risk
6
Board Risk
10
Compensation Risk
7
Shareholder Rights Risk
8
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 MIRM, sourced from Markets Gazette.
- 2/26/2026POSITIVE13 Analysts Have This To Say About Mirum Pharmaceuticals
Markets Gazette notes a strong positive consensus among analysts for Mirum Pharmaceuticals (MIRM). Recent evaluations from prominent investment firms such as Raymond James and SVB Leerink have reiterated 'Strong Buy' and 'Outperform' ratings. This persistent optimism, maintained even in recent reviews, signals solid confidence in the pharmaceutical company's future prospects. For investors, the continuation of such high ratings suggests that the market anticipates robust performance and significant growth potential for MIRM stock, despite broader market dynamics. The analysis generally agrees that Mirum Pharmaceuticals possesses strong fundamentals or upcoming catalysts that warrant a favorable portfolio position.
- 2/25/2026NEUTRALMirum (MIRM) Q4 2025 Earnings Call Transcript
Mirum Pharmaceuticals (MIRM) held its Q4 2025 earnings call. While the specific details of the transcript are not yet available, this event marks a crucial moment for investors awaiting updates on the company's financial performance. Earnings calls are fundamental for understanding a company's operational health, future projections, and growth strategies. Analysts and shareholders will closely monitor key data points such as revenue, earnings per share, and guidance for the upcoming fiscal year once the transcript is released. The absence of immediate content means the market remains in a holding pattern, awaiting concrete information that could influence the stock's valuation.
via Markets Gazette