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BeOne Medicines Ltd ADR ONC

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Stock XNAS Rating as of
$317.49 +6.18 (1.99%)
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As of Cboe BZX Real-Time Price Open

Company Report

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BeOne Has Best-in-Class Assets but Needs Further Drug Approvals to Ensure Longevity

Kai Wang

BeOne is an emerging Chinese biotechnology company with a global leading position in hematologic cancers, thanks to its core drug Brukinsa. Since its approval in 2019, Brukinsa’s stronger efficacy and superior safety profile have allowed BeOne to gain market share from existing drugs. We perceive Brukinsa to be the best-in-class drug treatment for chronic lymphocytic leukemia as well as other lymphoma cancers based on statistically significant results compared with its closest competitor, AbbVie's Imbruvica.

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Price vs Fair Value

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ONC is trading at a LOCK|W?CbWFB premium.
Price
$311.26
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Sonrotoclax studies could become instrumental in prolonging and enhancing Brukinsa's product cycle, leading to greater market share.

Bears

Drug pipeline approvals may be less successful than previously forecasted

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News

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Trading Information

Previous Close Price
$311.26
Day Range
$313.20–323.41
52-Week Range
$254.35–385.00
Bid/Ask
$316.84 / $317.96
Shares Outstanding
111.25M
Market Cap
$32.87B
Volume/Avg
464,628 / 272,484

Key Statistics

Price/Earnings (Normalized)
37.21
Price/Sales
6.22
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
—

Company Profile

Formerly known as BeiGene and founded in 2010 in Beijing, BeOne is a commercial-stage biotech firm that produces oncology therapeutics. The company’s main product is Brukinsa, which is a small-molecule drug that treats multiple forms of Non-Hodgkin lymphoma and leukemia. The company conducts drug discovery, runs global clinical trials, and manufactures drugs independently. As of 2025, Brukinsa made up for 74% of total revenue, while it has two other approved commercialized drugs in its portfolio, Beqalzi and Tevimbra. While Brukinsa has a global leadership, the other two drugs generate revenue mostly from China. Based on Brukinsa, BeOne competes with AbbVie and AstraZeneca mainly. The company also has more than 50 drugs in clinical trials in its active pipeline, focused on other cancers.
Sector
Healthcare
Industry
Biotechnology
Stock Style Box
Mid Core
Total Number of Employees
12,000
Website
https://www.beonemedicines.com

Competitors

Valuation

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Metric
ONC
ABBV
Price/Earnings (Normalized)
 37.2123.96
Price/Book Value
 7.27—
Price/Sales
 6.226.89
Price/Cash Flow
 29.6018.88
Price/Earnings
ONC
ABBV

Financial Strength

Metric
ONC
ABBV
Quick Ratio
 3.170.52
Current Ratio
 3.640.80
Interest Coverage
 —2.96
Quick Ratio
ONC
ABBV

Profitability

Metric
ONC
ABBV
Return on Assets (Normalized)
 15.84%13.37%
Return on Equity (Normalized)
 28.18%—
Return on Invested Capital (Normalized)
 22.39%29.17%
Return on Assets
ONC
ABBV

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