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Healthcare - Biotechnology - NASDAQ - NL
$ 47.09
1.88 %
$ 3.25 B
Market Cap
-14.06
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 2, 2025.

The intrinsic value of one MRUS stock under the worst case scenario is HIDDEN Compared to the current market price of 47.1 USD, Merus N.V. is HIDDEN

This DCF valuation model was last updated on Mar, 2, 2025.

The intrinsic value of one MRUS stock under the base case scenario is HIDDEN Compared to the current market price of 47.1 USD, Merus N.V. is HIDDEN

This DCF valuation model was last updated on Mar, 2, 2025.

The intrinsic value of one MRUS stock under the best case scenario is HIDDEN Compared to the current market price of 47.1 USD, Merus N.V. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
43.9 M REVENUE
5.68%
-157 M OPERATING INCOME
2.18%
-155 M NET INCOME
-18.10%
-142 M OPERATING CASH FLOW
5.13%
-27 M INVESTING CASH FLOW
-964.31%
230 M FINANCING CASH FLOW
291.71%
11.8 M REVENUE
60.56%
-72.2 M OPERATING INCOME
-12.21%
-99.9 M NET INCOME
-99.64%
-80.4 M OPERATING CASH FLOW
-1389.48%
-134 M INVESTING CASH FLOW
-4092.21%
10.9 M FINANCING CASH FLOW
-97.54%
Balance Sheet Merus N.V.
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Current Assets 369 M
Cash & Short-Term Investments 355 M
Receivables 3.98 M
Other Current Assets 9.66 M
Non-Current Assets 86.7 M
Long-Term Investments 57.3 M
PP&E 23.5 M
Other Non-Current Assets 5.87 M
Current Liabilities 69.1 M
Accounts Payable 4.6 M
Short-Term Debt 1.67 M
Other Current Liabilities 62.8 M
Non-Current Liabilities 30.1 M
Long-Term Debt 10.5 M
Other Non-Current Liabilities 19.6 M
EFFICIENCY
Earnings Waterfall Merus N.V.
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Revenue 43.9 M
Cost Of Revenue 0
Gross Profit 43.9 M
Operating Expenses 200 M
Operating Income -157 M
Other Expenses -1.61 M
Net Income -155 M
RATIOS
100.00% GROSS MARGIN
100.00%
-356.22% OPERATING MARGIN
-356.22%
-352.56% NET MARGIN
-352.56%
-43.48% ROE
-43.48%
-34.02% ROA
-34.02%
-41.19% ROIC
-41.19%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Merus N.V.
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Net Income -155 M
Depreciation & Amortization 2.54 M
Capital Expenditures -3.98 M
Stock-Based Compensation 26.2 M
Change in Working Capital -25.8 M
Others -14.7 M
Free Cash Flow -146 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 23.17%
MRUS Average Price Target Wall Street Target
81.2 USD 72.50%
MRUS Highest Price Target Wall Street Target
99 USD 110.24%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Merus N.V.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
5.03 M USD 2
9-12 MONTHS
0 USD 0
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
Date Value Insider Amount Avg Price
6 months ago
Aug 21, 2024
Sell 135 K USD
Shuman Harry
VP Controller, PAO
- 2500
54 USD
8 months ago
Jun 27, 2024
Sell 600 K USD
Silverman Peter B.
COO & GC
- 10000
60 USD
8 months ago
Jun 17, 2024
Sell 3.5 M USD
Silverman Peter B.
COO & GC
- 62000
56.519 USD
8 months ago
Jun 10, 2024
Sell 53.2 K USD
Shuman Harry
VP Controller, PAO
- 1000
53.224 USD
8 months ago
Jun 12, 2024
Sell 422 K USD
Shuman Harry
VP Controller, PAO
- 7300
57.84 USD
8 months ago
Jun 04, 2024
Sell 264 K USD
Shuman Harry
VP Controller, PAO
- 5000
52.846 USD
8 months ago
Jun 04, 2024
Sell 53.1 K USD
Shuman Harry
VP Controller, PAO
- 1000
53.124 USD
1 year ago
Dec 19, 2023
Sell 3.07 K USD
Shuman Harry
VP Controller, PAO
- 115
26.68 USD
1 year ago
Dec 15, 2023
Sell 560 K USD
Silverman Peter B.
COO & GC
- 22386
25 USD
1 year ago
Dec 08, 2023
Sell 6.11 K USD
Shuman Harry
VP Controller, PAO
- 250
24.44 USD
1 year ago
Dec 01, 2023
Sell 14.1 K USD
Shuman Harry
VP Controller, PAO
- 575
24.58 USD
1 year ago
Jun 01, 2023
Sell 12.4 K USD
Shuman Harry
VP Controller, PAO
- 575
21.48 USD
2 years ago
Dec 13, 2022
Sell 2.33 K USD
Shuman Harry
VP Controller, PAO
- 168
13.85 USD
2 years ago
Dec 01, 2022
Sell 8.83 K USD
Shuman Harry
VP Controller, PAO
- 575
15.35 USD
2 years ago
Nov 03, 2022
Bought 211 K USD
Lundberg Sven Ante
President, CEO & PFO
+ 14706
14.3772 USD
2 years ago
Aug 25, 2022
Sell 4.01 K USD
Shuman Harry
VP Controller, PAO
- 165
24.33 USD
2 years ago
Aug 22, 2022
Bought 134 K USD
Lundberg Sven Ante
President, CEO & PFO
+ 5826
22.9245 USD
2 years ago
Aug 19, 2022
Bought 16.2 K USD
Lundberg Sven Ante
President, CEO & PFO
+ 704
22.9928 USD
2 years ago
Jul 12, 2022
Bought 99.7 K USD
Lundberg Sven Ante
President, CEO & PFO
+ 4340
22.9688 USD
2 years ago
Jun 01, 2022
Sell 10.5 K USD
Shuman Harry
VP Controller, PAO
- 575
18.31 USD
2 years ago
Mar 10, 2022
Sell 1.62 M USD
Silverman Peter B.
EVP, GC and Head of Utrecht
- 60000
26.95 USD
3 years ago
Oct 07, 2021
Sell 14.6 M USD
BVF PARTNERS L P/IL
10 percent owner
- 530999
27.5311 USD
3 years ago
Oct 08, 2021
Sell 2.22 M USD
BVF PARTNERS L P/IL
10 percent owner
- 80011
27.7865 USD
3 years ago
Oct 07, 2021
Sell 10.6 M USD
BVF PARTNERS L P/IL
10 percent owner
- 384914
27.5311 USD
3 years ago
Oct 08, 2021
Sell 1.62 M USD
BVF PARTNERS L P/IL
10 percent owner
- 58327
27.7865 USD
3 years ago
Oct 07, 2021
Sell 1.91 M USD
BVF PARTNERS L P/IL
10 percent owner
- 69534
27.5311 USD
3 years ago
Oct 08, 2021
Sell 248 K USD
BVF PARTNERS L P/IL
10 percent owner
- 8929
27.7865 USD
3 years ago
Aug 12, 2021
Sell 53.9 K USD
de Kruif John
SVP & Chief Technology Officer
- 2787
19.34 USD
3 years ago
Jul 02, 2021
Sell 23 M USD
BVF PARTNERS L P/IL
10 percent owner
- 1106478
20.75 USD
3 years ago
Jul 02, 2021
Sell 19.3 M USD
BVF PARTNERS L P/IL
10 percent owner
- 928739
20.75 USD
3 years ago
Jul 02, 2021
Sell 3.13 M USD
BVF PARTNERS L P/IL
10 percent owner
- 150805
20.75 USD
3 years ago
Jul 01, 2021
Sell 44.3 K USD
Bakker Lex
SVP, Chief Development Officer
- 2100
21.075 USD
3 years ago
Jul 01, 2021
Sell 25.2 K USD
Bakker Lex
SVP, Chief Development Officer
- 1200
21.02 USD
3 years ago
Jul 01, 2021
Sell 11.8 K USD
Bakker Lex
SVP, Chief Development Officer
- 560
21 USD
3 years ago
Mar 30, 2021
Bought 3.26 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 165000
19.75 USD
3 years ago
Mar 30, 2021
Bought 2.14 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 108106
19.75 USD
3 years ago
Mar 30, 2021
Bought 531 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 26894
19.75 USD
3 years ago
Mar 22, 2021
Bought 1.63 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 71756
22.75 USD
3 years ago
Mar 22, 2021
Bought 176 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 7744
22.75 USD
3 years ago
Mar 16, 2021
Bought 1.22 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 53061
22.9996 USD
3 years ago
Mar 16, 2021
Bought 4.5 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 195768
22.9996 USD
3 years ago
Mar 16, 2021
Bought 26.9 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 1171
22.9996 USD
4 years ago
Jan 21, 2021
Bought 11.3 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 457814
24.75 USD
4 years ago
Jan 21, 2021
Bought 8.5 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 343444
24.75 USD
4 years ago
Jan 21, 2021
Bought 1.07 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 43422
24.75 USD
4 years ago
Dec 18, 2020
Bought 1.85 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 114968
16.05 USD
4 years ago
Dec 18, 2020
Bought 723 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 45032
16.05 USD
4 years ago
Sep 15, 2020
Bought 914 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 77751
11.75 USD
4 years ago
Sep 15, 2020
Bought 690 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 58745
11.75 USD
4 years ago
Sep 15, 2020
Bought 121 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 10258
11.75 USD
4 years ago
Sep 10, 2020
Bought 1.11 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 100461
11.0982 USD
4 years ago
Sep 10, 2020
Bought 848 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 76374
11.0982 USD
4 years ago
Sep 10, 2020
Bought 142 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 12816
11.0982 USD
4 years ago
Sep 03, 2020
Bought 1.17 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 104827
11.17 USD
4 years ago
Sep 03, 2020
Bought 924 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 82740
11.17 USD
4 years ago
Sep 03, 2020
Bought 160 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 14339
11.17 USD
4 years ago
Jul 07, 2020
Sell 5.69 K USD
Throsby Mark
EVP & Chief Scientific Officer
- 368
15.46 USD
4 years ago
Jun 08, 2020
Bought 714 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 46966
15.2 USD
4 years ago
Jun 08, 2020
Bought 506 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 33321
15.2 USD
4 years ago
Jun 08, 2020
Bought 106 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 6967
15.2 USD
4 years ago
Jun 02, 2020
Sell 5.22 K USD
Throsby Mark
EVP & Chief Scientific Officer
- 368
14.19 USD
4 years ago
Jun 01, 2020
Bought 11.3 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 806443
14 USD
4 years ago
Jun 01, 2020
Bought 7.87 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 561966
14 USD
4 years ago
Jun 01, 2020
Bought 1.32 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 94101
14 USD
4 years ago
May 06, 2020
Sell 5.35 K USD
Throsby Mark
EVP & Chief Scientific Officer
- 368
14.54 USD
4 years ago
Apr 02, 2020
Sell 4.02 K USD
Throsby Mark
EVP & Chief Scientific Officer
- 368
10.93 USD
5 years ago
Mar 04, 2020
Sell 6.66 K USD
Throsby Mark
EVP & Chief Scientific Officer
- 368
18.1 USD
5 years ago
Feb 24, 2020
Sell 1.01 M USD
Throsby Mark
EVP & Chief Scientific Officer
- 57088
17.74 USD
5 years ago
Feb 18, 2020
Sell 24.1 K USD
de Kruif John
SVP & Chief Technology Officer
- 1268
18.98 USD
5 years ago
Jan 16, 2020
Bought 2.37 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 146442
16.15 USD
5 years ago
Jan 16, 2020
Bought 1.82 M USD
BVF PARTNERS L P/IL
10 percent owner
+ 112561
16.15 USD
5 years ago
Jan 16, 2020
Bought 319 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 19727
16.15 USD
5 years ago
Jan 13, 2020
Bought 801 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 53448
14.9784 USD
5 years ago
Jan 13, 2020
Bought 376 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 25108
14.9784 USD
5 years ago
Jan 13, 2020
Bought 81 K USD
BVF PARTNERS L P/IL
10 percent owner
+ 5406
14.9784 USD
7. News
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 - 1 week 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 weeks 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 - 3 weeks 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 - 1 month 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 - 1 month 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 - 2 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 - 2 months ago
Merus Scores Its First FDA Approval For Lung Cancer Drug On Wednesday, the FDA approved Merus N.V.'s  MRUS Bizengri (zenocutuzumab-zbco) as 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. benzinga.com - 2 months ago
Merus Announces FDA Approval of BIZENGRI® (zenocutuzumab-zbco) for NRG1+ Pancreatic Adenocarcinoma and NRG1+ Non–Small Cell Lung Cancer (NSCLC) Based on Safety and Efficacy Data From the eNRGy Study UTRECHT, The Netherlands and CAMBRIDGE, Mass., Dec. 04, 2024 (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®), announced today that the U.S. Food and Drug Administration (FDA) approved BIZENGRI® (zenocutuzumab-zbco), 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. These indications are approved under accelerated approval based on overall response rate (ORR) and duration of response (DOR). Continued approval for these indications may be contingent upon verification and description of clinical benefit in a confirmatory trial(s). BIZENGRI® has a Boxed WARNING for Embryo-Fetal Toxicity and warnings for infusion-related reactions (IRRs), hypersensitivity and anaphylactic reactions, interstitial lung disease (ILD)/pneumonitis, and left ventricular dysfunction.1 See Important Safety Information below. globenewswire.com - 2 months ago
Merus and Partner Therapeutics Announce License Agreement for the U.S. Commercialization of Zenocutuzumab in NRG1 Fusion-Positive Cancer UTRECHT, The Netherlands and CAMBRIDGE, Mass., Dec. 02, 2024 (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®) and Partner Therapeutics, Inc. (PTx), a private, fully-integrated biotechnology company with a focus in hematology and oncology, today announced they have entered into an agreement in which Merus has exclusively licensed to PTx the right to commercialize zenocutuzumab (Zeno) for the treatment of NRG1 fusion-positive (NRG1+) cancer in the United States (U.S.). globenewswire.com - 3 months ago
Merus Announces Publication of an Abstract on Petosemtamab as 2L+ treatment of r/m HNSCC at the ESMO Asia Congress 2024 – Petosemtamab 1500 mg monotherapy phase 2 interim data continues to demonstrate clinically meaningful activity in 2L+ HNSCC globenewswire.com - 3 months ago
Biotech Stock Boosted on Brand-New 'Buy' Rating Biotech stock Merus NV (NASDAQ:MRUS) is up 3.4% at $44.40 at last glance, though pulling back a bit from its premarket surge, after Goldman Sachs initiated coverage with a "buy" rating. schaeffersresearch.com - 3 months ago
8. Profile Summary

Merus N.V. MRUS

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COUNTRY NL
INDUSTRY Biotechnology
MARKET CAP $ 3.25 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 172
Officers 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 Ms. Shannon Campbell Executive Vice President & Chief Commercial Officer Dr. Cecilia Anna Wilhelmina Geuijen Ph.D. Chief Scientific Officer & Senior Vice President Harry Shuman Chief Accounting Officer Mr. Cornelis Adriaan de Kruif Ph.D. Chief Technology Officer & Executive Vice President Dr. Sven Ante Lundberg M.D. Chief Executive Officer, President & Executive Director Dr. Hennie Hoogenboom Co-Founder and Scientific Advisor Ms. Kathleen Farren IR & Corporate Communications Officer Ms. Audrey Bergan Chief People Officer