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Ultragenyx Pharmaceutical Inc. (RARE)

NEUTRAL
HealthcareBiotechnologyUnited States

Fundamental

34

Price

$26.13

Market Cap

$2.54B

Part 1 · What the company is worth

Overview

Ultragenyx Pharmaceutical Inc., a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. Its biologic products include Crysvita (burosumab), an antibody targeting fibroblast growth factor 23 for the treatment of X-linked hypophosphatemia, as well as tumor-induced osteomalacia; Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII; Dojolvi for the treatment of long-chain fatty acid oxidation disorders; and Evkeeza (evinacumab) for the treatment of homozygous familial hypercholesterolemia. The company's products candidates that are in Phase 3 clinical trials include UX143, a human monoclonal antibody for the treatment of osteogenesis imperfecta; UX111, an AAV9 gene therapy product candidate for the treatment of patients with Sanfilippo syndrome type A, or MPS IIIA, a rare lysosomal storage disease; DTX401, an adeno-associated virus 8 (AAV8) gene therapy clinical candidate for the treatment of patients with glycogen storage disease type Ia; DTX301, an AAV8 gene therapy for the treatment of patients with ornithine transcarbamylase; and GTX-102, an antisense oligonucleotide for the treatment of Angelman syndrome. It also develops UX701, an adeno-associated AAV9 gene therapy which is in Phase 2 clinical trial for the treatment of Wilson liver disease. The company has collaboration and license agreement with Kyowa Kirin Co., Ltd.; Saint Louis University; Baylor Research Institute; REGENXBIO Inc.; GeneTx; Mereo; University of Pennsylvania; Regeneron; and Abeona. Ultragenyx Pharmaceutical Inc. was incorporated in 2010 and is headquartered in Novato, 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

$717M

Trailing 12 months (through 6/30/2026)

Net Income

$-586M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$-472M

Total Equity

$-80M

Total Liabilities

$1.60B

Current Ratio

1.73

Interest Coverage

-

Debt/EBITDA

-

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

General caseUndervalued

Fair Value

$54.79

Current Price

$26.13

Margin of Safety

+52.3%

Fair Value Range

$52.05 - $57.53

Estimation Methods

Analyst price target:$54.79
Discounted cash flow (DCF):Not enough data to compute it
Earnings multiple (P/E):Not enough data to compute it
Graham growth formula:Not enough data to compute it
Earnings power value (EPV):Not enough data to compute it
Justified P/B:Not enough data to compute it
Dividend discount (Gordon):Not enough data to compute it
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:$25.45
Analyst Consensus:Strong Buy (22B / 3H / 0S)
Last Earnings Surprise:+27.39%

Valuation Metrics

P/E Ratio

-

ROE

718.8%

P/B Ratio

-

P/FCF

-

Gross Margin

-

ROIC

-45.7%

Profitability Radar

Value Creation (Economic Moat)

ROIC

-45.7%

WACC

5.5%

ROIC − WACC

-51.2 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (5)

  • EPS shows upward trend
  • Current Ratio
  • Revenue Growth 5Y 19.9%
  • Analyst Consensus 88% Buy
  • Net Margin Trend -81.7% vs -87.3%

Failed (11)

  • Price CAGR -9.53%
  • ROIC -45.7%
  • Operating Margin -73.6%
  • Positive Free Cash Flow
  • Return on Tangible Assets
  • Low reliance on intangibles
  • DCF valuation (Unknown)
  • ROE -414.2%
  • Earnings Surprise avg -12.9%
  • Share Dilution 9.0%
  • Piotroski F-Score 4/9

Unavailable (11)

  • Gross Margin NaN%
  • P/FCF NaN
  • P/B Ratio NaN
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

4/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

9.0%

Issuing new shares, diluting ownership

Governance

Executive Team

NameTitleAge
Dr. Emil D. Kakkis M.D., Ph.D.Founder, President, CEO & Director65
Mr. Howard HornExecutive VP of Corporate Strategy & CFO46
Ms. Karah Herdman Parschauer J.D.Chief Legal Officer & Executive VP of Corporate Affairs47
Mr. Erik Harris M.B.A.Executive VP & Chief Commercial Officer55
Dr. Eric Crombez M.D.Chief Medical Officer & Executive VP52
Mr. Theodore A. HuizengaSenior VP, Corporate Controller & Principal Accounting Officer54
Mr. Ernie W. MeyerChief Human Resources Officer & Executive VP60
Mr. Vimal SrivastavaSenior Vice President of Business Development & Alliance Management60
Mr. John Richard Pinion IIChief Quality Operations Officer & Executive VP of Translational Sciences59
Aaron OlsenSenior Vice President of Corporate Strategy & Finance-

Audit Risk

5

Board Risk

2

Compensation Risk

8

Shareholder Rights Risk

7

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 RARE, sourced from Markets Gazette.

  • 3/12/2026POSITIVE
    Ultragenyx's Gene Therapy Study Shows Ammonia Reduction In Rare Metabolic Disorder

    Ultragenyx Pharmaceutical Inc. announced positive Phase 3 data for its gene therapy candidate, demonstrating a significant reduction in ammonia levels for patients with a rare metabolic disorder. While full clinical outcomes are anticipated in 2027, the early success in normalizing key biomarkers offers a promising outlook. This development could position Ultragenyx as a leader in treating ultra-rare genetic diseases, potentially leading to substantial market share and improved patient lives, which is a strong signal for investors.

via Markets Gazette