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Mirum Pharmaceuticals, Inc. (MIRM)

NEUTRAL
HealthcareBiotechnologyUnited States

Fundamental

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

Fairly Valued

Fair Value

$88.25

Current Price

$98.74

Margin of Safety

-11.9%

Fair Value Range

$57.36 - $119.14

Estimation Methods

Analyst Target:$138.21
DCF:$21.64
PE-based:-
Graham Growth:-
EPV:-
Analyst Consensus:Strong Buy (19B / 1H / 0S)
Last Earnings Surprise:-52.65%

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

5/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

4.6%

Issuing new shares, diluting ownership

Governance

Executive Team

NameTitleAge
Mr. Christopher PeetzCEO & Director46
Mr. Peter Radovich M.B.A., Ph.D.COO & President47
Mr. Eric H. Bjerkholt M.B.A., M.S.Chief Financial Officer65
Dr. Joanne M. J. Quan M.D.Chief Medical Officer61
Dr. Jean-Luc Girardet Ph.D.Chief Technical Officer-
Mr. Andrew McKibbenSenior Vice President, Strategic Finance & Investor Relations-
Mr. Douglas T. Sheehy J.D.Chief Legal Officer & Secretary58
Meredith KiernanSenior Director of Global Corporate Communications-
Ms. Erin CampanyChief People Officer57
Ms. Lara Longpre MBA, MSCChief Development Officer55

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.

  • 2/26/2026POSITIVE
    13 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.

  • 2/25/2026NEUTRAL
    Mirum (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