Ultragenyx Pharmaceutical Inc. (RARE)
NEUTRALFundamental
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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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
Fair Value
$54.79
Current Price
$26.13
Margin of Safety
+52.3%
Fair Value Range
$52.05 - $57.53
Estimation Methods
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
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 |
|---|---|---|
| Dr. Emil D. Kakkis M.D., Ph.D. | Founder, President, CEO & Director | 65 |
| Mr. Howard Horn | Executive VP of Corporate Strategy & CFO | 46 |
| Ms. Karah Herdman Parschauer J.D. | Chief Legal Officer & Executive VP of Corporate Affairs | 47 |
| Mr. Erik Harris M.B.A. | Executive VP & Chief Commercial Officer | 55 |
| Dr. Eric Crombez M.D. | Chief Medical Officer & Executive VP | 52 |
| Mr. Theodore A. Huizenga | Senior VP, Corporate Controller & Principal Accounting Officer | 54 |
| Mr. Ernie W. Meyer | Chief Human Resources Officer & Executive VP | 60 |
| Mr. Vimal Srivastava | Senior Vice President of Business Development & Alliance Management | 60 |
| Mr. John Richard Pinion II | Chief Quality Operations Officer & Executive VP of Translational Sciences | 59 |
| Aaron Olsen | Senior 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.
- 3/12/2026POSITIVEUltragenyx'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