BioMarin Pharmaceutical Inc

BMRN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BioMarin Earnings: Sales Driven by Strong Uptake of Voxzogo and Enzyme Therapies; Shares Undervalued

Rachel Elfman

Feb 20, 2025

Narrow-moat BioMarin reported strong 2024 results highlighted by revenue of $2.85 billion and a healthy GAAP operating margin of nearly 17%, demonstrating the company’s focus on operational efficiency. Investors reacted positively and sent the stock up 5%. BioMarin is tracking our expectations, and we maintain our fair value estimate of $83 per share. We view shares as undervalued, currently trading at a 17% discount.

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BioMarin Pharmaceutical Inc

BioMarin Earnings: Sales Driven by Strong Uptake of Voxzogo and Enzyme Therapies; Shares Undervalued

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