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Healthcare - Biotechnology - NASDAQ - NL
$ 37.39
-1.89 %
$ 2.58 B
Market Cap
-11.16
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one MRUS stock under the worst case scenario is HIDDEN Compared to the current market price of 37.4 USD, Merus N.V. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one MRUS stock under the base case scenario is HIDDEN Compared to the current market price of 37.4 USD, Merus N.V. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one MRUS stock under the best case scenario is HIDDEN Compared to the current market price of 37.4 USD, Merus N.V. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MRUS

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$56.0$56.0$54.0$54.0$52.0$52.0$50.0$50.0$48.0$48.0$46.0$46.0$44.0$44.0$42.0$42.0$40.0$40.0$38.0$38.0$36.0$36.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
36.1 M REVENUE
-17.78%
-272 M OPERATING INCOME
-73.79%
-215 M NET INCOME
-38.97%
-186 M OPERATING CASH FLOW
-30.68%
-220 M INVESTING CASH FLOW
-715.03%
494 M FINANCING CASH FLOW
114.71%
9.14 M REVENUE
-22.36%
-88.7 M OPERATING INCOME
-22.73%
-30.9 M NET INCOME
69.05%
-66.7 M OPERATING CASH FLOW
17.11%
-77.7 M INVESTING CASH FLOW
41.89%
8.07 M FINANCING CASH FLOW
-25.92%
Balance Sheet Merus N.V.
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Current Assets 569 M
Cash & Short-Term Investments 537 M
Receivables 0
Other Current Assets 32 M
Non-Current Assets 214 M
Long-Term Investments 187 M
PP&E 20 M
Other Non-Current Assets 6.59 M
68.61 %4.09 %23.89 %Total Assets$782.7m
Current Liabilities 17.9 M
Accounts Payable 4.16 M
Short-Term Debt 1.7 M
Other Current Liabilities 12 M
Non-Current Liabilities 2.44 M
Long-Term Debt 8.21 M
Other Non-Current Liabilities -5.77 M
20.47 %8.38 %59.18 %40.34 %Total Liabilities$20.3m
EFFICIENCY
Earnings Waterfall Merus N.V.
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Revenue 36.1 M
Cost Of Revenue 0
Gross Profit 36.1 M
Operating Expenses 308 M
Operating Income -272 M
Other Expenses -56.7 M
Net Income -215 M
50m50m00(50m)(50m)(100m)(100m)(150m)(150m)(200m)(200m)(250m)(250m)(300m)(300m)36m036m(308m)(272m)57m(215m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
-752.96% OPERATING MARGIN
-752.96%
-595.93% NET MARGIN
-595.93%
-106.90% ROE
-106.90%
-27.51% ROA
-27.51%
-36.89% ROIC
-36.89%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Merus N.V.
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00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)(120m)(120m)(140m)(140m)(160m)(160m)(180m)(180m)(200m)(200m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -215 M
Depreciation & Amortization 2.47 M
Capital Expenditures -1.67 M
Stock-Based Compensation 45.8 M
Change in Working Capital 24.3 M
Others -19.4 M
Free Cash Flow -188 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Merus N.V.
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Wall Street analysts predict an average 1-year price target for MRUS of $81.2 , with forecasts ranging from a low of $58 to a high of $99 .
MRUS Lowest Price Target Wall Street Target
58 USD 55.12%
MRUS Average Price Target Wall Street Target
81.2 USD 117.25%
MRUS Highest Price Target Wall Street Target
99 USD 164.78%
Price
Max Price Target
Min Price Target
Average Price Target
1001009090808070706060505040403030May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 16
6. Ownership
Insider Ownership Merus N.V.
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Sold
0-3 MONTHS
194 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
135 K USD 1
9-12 MONTHS
4.9 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Merus: Riding The Bispecific Wave In Oncology Merus stands out in biotech with its innovative Biclonics and Multiclonics platforms, focusing on bispecific and multispecific antibodies, particularly petosemtamab. Strong financials with $724 million cash runway through 2028, allowing strategic R&D investments without immediate capital market pressures. Petosemtamab shows robust clinical data, receiving two FDA Breakthrough Therapy designations, indicating significant potential in treating HNSCC and other cancers. seekingalpha.com - 2 weeks ago
Merus to Participate in a Fireside Chat at the 24th Annual Needham Virtual Healthcare Conference UTRECHT, The Netherlands and CAMBRIDGE, Mass., April 01, 2025 (GLOBE NEWSWIRE) -- Merus N.V. (Nasdaq: MRUS), an oncology company developing innovative, full-length multispecific antibodies and antibody drug conjugates (Biclonics®, Triclonics® and ADClonics®), today announced that Bill Lundberg, M.D., President, Chief Executive Officer of Merus, will participate in a fireside chat at the 24th Annual Needham Virtual Healthcare Conference on Tuesday, April 8, 2025 at 8:45 a.m. ET. globenewswire.com - 2 weeks ago
Merus N.V. (MRUS) Reports Q4 Loss, Lags Revenue Estimates Merus N.V. (MRUS) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.95. This compares to loss of $1.09 per share a year ago. zacks.com - 1 month ago
Merus Announces Financial Results for the Fourth Quarter and Full Year 2024 and Provides Business Update -  Phase 3 registrational trials evaluating petosemtamab in combination with pembrolizumab in 1L PD-L1+ r/m HNSCC and petosemtamab monotherapy in 2/3L r/m HNSCC enrolling; expected to be substantially enrolled by YE25 globenewswire.com - 1 month ago
Merus to Present at Upcoming Investor Conferences UTRECHT, The Netherlands and CAMBRIDGE, Mass., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Merus N.V. globenewswire.com - 1 month ago
Petosemtamab granted Breakthrough Therapy designation by the U.S. FDA for 1L PD-L1 positive head and neck squamous cell carcinoma UTRECHT, The Netherlands and CAMBRIDGE, Mass., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Merus N.V. globenewswire.com - 2 months ago
Merus to Present at Citi's 2025 Virtual Oncology Leadership Summit UTRECHT, The Netherlands and CAMBRIDGE, Mass., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Merus N.V. globenewswire.com - 2 months ago
New England Journal of Medicine Publishes: Efficacy of Zenocutuzumab in NRG1 Fusion-Positive Cancer UTRECHT, The Netherlands and CAMBRIDGE, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Merus N.V. (Nasdaq: MRUS) (Merus, the Company, we, or our), a clinical-stage oncology company developing innovative, full-length multispecific antibodies (Biclonics® and Triclonics®), today announced that the New England Journal of Medicine (NEJM) published results of the registrational phase 2 eNRGy trial for Bizengri® (zenocutuzumab), the first and only treatment indicated for adults with pancreatic adenocarcinoma or non–small cell lung cancer (NSCLC) that are advanced unresectable or metastatic and harbor a neuregulin 1 (NRG1) gene fusion who have disease progression on or after prior systemic therapy. globenewswire.com - 2 months ago
Time To Upgrade Merus N.V. To A 'Buy' After The Recent Selloff Bizengri's recent approval gives MRUS the first approved therapy for NRG1+ cancers, which, I think, will be a valuable niche. Petosemtamab's recent Phase 2 data for HNSCC suggests it could also have blockbuster potential as long as its Phase 3 trials are successful as well. I also like MRUS's recent partnership with BHVN as it gives it optionality with new ADC programs that could have oncology applications. seekingalpha.com - 2 months ago
Merus and Biohaven Announce Collaboration to Co-Develop Three Novel Bispecific ADC Programs NEW HAVEN, Conn. and UTRECHT, The Netherlands and CAMBRIDGE, Mass., Jan. 12, 2025 (GLOBE NEWSWIRE) -- Biohaven Ltd. (NYSE: BHVN) and Merus N.V. (Nasdaq:MRUS), today announced a research collaboration and license agreement to co-develop three novel bispecific antibody drug conjugates (ADCs), leveraging Merus' leading Biclonics® technology platform, and Biohaven's next-generation ADC conjugation and payload platform technologies. globenewswire.com - 3 months ago
Merus announces First Patient Dosed in Phase 2 Trial of Petosemtamab in 3L+ mCRC UTRECHT, The Netherlands and CAMBRIDGE, Mass., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Merus N.V. (Nasdaq: MRUS), a clinical-stage oncology company developing innovative, full-length multispecific antibodies (Biclonics® and Triclonics®) for cancer, today announced that the first patient has been dosed in the Company's phase 2 trial evaluating petosemtamab monotherapy in heavily pretreated (3L+) metastatic colorectal cancer (mCRC). Petosemtamab is a Biclonics® targeting EGFR and LGR5. globenewswire.com - 4 months ago
Merus' Petosemtamab Monotherapy Interim Data Continues to Demonstrate Clinically Meaningful Activity in 2L+ r/m HNSCC Petosemtamab in combination with pembrolizumab in 1L r/m PD-L1 expressing HNSCC ongoing with clinical data update planned for 2025 globenewswire.com - 4 months ago
8. Profile Summary

Merus N.V. MRUS

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COUNTRY NL
INDUSTRY Biotechnology
MARKET CAP $ 2.58 B
Dividend Yield 0.00%
Description Merus N.V., a clinical-stage immuno-oncology company, engages in the discovery and development of bispecific antibody therapeutics in the Netherlands. Its bispecific antibody candidate pipeline includes Zenocutuzumab (MCLA-128), which is in a phase 2 clinical trials for the treatment of patients with metastatic breast cancer, as well as in Phase 1/2 clinical trials for the treatment of solid tumors that harbor Neuregulin 1. The company is also developing MCLA-158, which is in a phase I clinical trial for the treatment of solid tumors; MCLA-145, which is in phase 1 clinical trials for the treatment of solid tumors; MCLA-129, which is in phase 1/2 clinical trials for the treatment of patients with advanced non-small cell lung cancer and other solid tumors; and ONO-4685 that is Phase 1 clinical trial to treat relapsed/refractory T cell lymphoma. In addition, it has collaboration agreement with Betta Pharmaceuticals Co. Ltd for the research and development of stage bispecific antibody candidates include MCLA-129; and collaboration with Incyte Corporation for the development of MCLA-145. The company was incorporated in 2003 and is headquartered in Utrecht, the Netherlands.
Contact Yalelaan 62, Utrecht, 3584 CM https://www.merus.nl
IPO Date May 19, 2016
Employees 260
Officers Harry Shuman Chief Accounting Officer Dr. Cecilia Anna Wilhelmina Geuijen Ph.D. Chief Scientific Officer & Senior Vice President Ms. Shannon Campbell Executive Vice President & Chief Commercial Officer Dr. Sven Ante Lundberg M.D. Chief Executive Officer, President & Executive Director Mr. Gregory D. Perry Chief Financial Officer Mr. Peter B. Silverman J.D. EVice President, Company Secretary, Chief Operating Officer, General Counsel, Chief Intellectual Property Officer & Head of US Legal Mr. Cornelis Adriaan de Kruif Ph.D. Chief Technology Officer & Executive Vice President Ms. Audrey Bergan Chief People Officer Dr. Hennie Hoogenboom Co-Founder and Scientific Advisor Ms. Kathleen Farren IR & Corporate Communications Officer