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Biomarin Pharmaceutical Inc BMRN

Morningstar Rating
$92.06 +2.57 (2.87%)
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Company Report

BioMarin's Diversified Rare Disease Business Supports a Narrow Moat

BioMarin is amassing a portfolio of genetic-disease therapeutics, making historical comparisons with Genzyme (acquired by Sanofi) difficult to avoid. Commercialization and research and development expenses kept BioMarin in the red for years despite multiple approved products, but we're confident in the sustainable, profit-generating power of its current portfolio. With a deep in-house pipeline and the ability to supplement growth with strategic acquisitions, BioMarin is in a strong position.

Price vs Fair Value

BMRN is trading at a 7% discount.
Price
$89.49
Fair Value
$29.00
Uncertainty
High
1-Star Price
$153.50
5-Star Price
$12.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

BioMarin's approved drugs have been granted orphan-drug status in the US and EU, providing them with at least 7 and 10 years of market exclusivity, respectively.

Bears

Diagnosis of rare genetic diseases can be difficult, and BioMarin could have a hard time locating enough patients to recoup development and manufacturing costs.

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News

Trading Information

Previous Close Price
$89.49
Day Range
$89.9392.22
52-Week Range
$76.0299.56
Bid/Ask
$90.89 / $93.33
Market Cap
$17.47 Bil
Volume/Avg
1.3 Mil / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
110.92
Price/Sales
7.29
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

BioMarin's focus is on rare-disease therapies. Genzyme (now part of Sanofi) markets Aldurazyme through its joint venture with BioMarin, and BioMarin markets Naglazyme, Vimizim, and Brineura independently. BioMarin also markets Kuvan and Palynziq to treat the rare metabolic disorder PKU. Voxzogo (vosoritide) was approved in achondroplasia in 2021. BioMarin's Roctavian (hemophilia A gene therapy) was approved in Europe in 2022 and in the US in 2023.
Sector
Healthcare
Industry
Biotechnology
Stock Style Box
Mid Growth
Total Number of Employees
3,401

Competitors

Valuation

Metric
BMRN
SNY
PFE
Price/Earnings (Normalized)
110.9210.0414.27
Price/Book Value
3.501.561.67
Price/Sales
7.292.382.53
Price/Cash Flow
35.5711.6613.63
Price/Earnings
BMRN
SNY
PFE

Financial Strength

Metric
BMRN
SNY
PFE
Quick Ratio
1.450.830.58
Current Ratio
2.511.270.91
Interest Coverage
8.7811.030.74
Quick Ratio
BMRN
SNY
PFE

Profitability

Metric
BMRN
SNY
PFE
Return on Assets (Normalized)
6.15%8.05%4.98%
Return on Equity (Normalized)
8.47%14.38%10.90%
Return on Invested Capital (Normalized)
6.27%10.85%7.28%
Return on Assets
BMRN
SNY
PFE
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