Mereo Biopharma Stock Fair Value – MERE BIOPHARMA Reports Second Quarter FY2023 Earnings Results

September 8, 2023

🌥️Earnings Overview

Mereo ($NASDAQ:MREO) BioPharma announced their Q2 earnings results for the period from April 1, 2023 to June 30, 2023. Total revenue reached GBP 7.1 million, a significant increase from 0.0 million reported in the same quarter of the previous year. Net income was reported to be GBP -11.0 million, an improvement when compared to -19.2 million in the same quarter of the previous year.

Stock Price

MEREO BIOPHARMA reported second quarter FY2023 earnings results on Thursday, with their stock opening at $1.4 and closing at the same price, up by 1.8% from the last closing price of $1.4. The company‚Äôs management team stated that they are confident in their financial outlook for the remainder of the fiscal year despite the current challenging economic climate, and they remain focused on their goal of delivering long-term value to shareholders. They also reported that they are actively exploring strategic partnerships with other biopharma companies to expand their product pipeline and create new revenue streams. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Mereo Biopharma. More…

    Total Revenues Net Income Net Margin
    7.13 -26.07 -437.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Mereo Biopharma. More…

    Operations Investing Financing
    -33.28 0.65 -1.41
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Mereo Biopharma. More…

    Total Assets Total Liabilities Book Value Per Share
    80.64 22.89 0.46
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Mereo Biopharma are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.0% -353.3%
    FCF Margin ROE ROA
    -471.6% -26.3% -19.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Mereo Biopharma Stock Fair Value

    At GoodWhale, we recently conducted an analysis of MEREO BIOPHARMA‘s financials. Based on our proprietary Valuation Line, which takes into account a range of factors including industry performance, market sentiment, and company fundamentals, we have determined that the intrinsic value of MEREO BIOPHARMA share is around $1.2. This indicates that the current stock price of $1.4 is a fair price, though it is slightly overvalued by 18.1%. We believe that this provides investors with a good opportunity to buy into the stock now before the excess value is taken away from the market. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Mereo BioPharma Group PLC is a clinical-stage biopharmaceutical company focused on developing therapeutics for patients with rare and serious diseases. The company’s lead product candidate, Setrusumab, is in clinical development for the treatment of osteogenesis imperfecta, a rare and debilitating bone disorder. Mereo BioPharma Group PLC’s main competitors are Herantis Pharma PLC, Forma Therapeutics Holdings Inc, and Candel Therapeutics Inc.

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    – Forma Therapeutics Holdings Inc ($NASDAQ:FMTX)

    Forma Therapeutics Holdings Inc is a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapeutics to treat cancers. As of 2022, Forma Therapeutics Holdings Inc has a market cap of 957.69M and a Return on Equity of -26.19%. The company’s focus on cancer therapeutics makes it a compelling investment for those looking to invest in the healthcare sector.

    – Candel Therapeutics Inc ($NASDAQ:CADL)

    Candel Therapeutics Inc is a clinical stage biopharmaceutical company. The Company’s focus is on developing therapies for cancer and other diseases. Its product candidates are in various stages of development, including a phase I clinical trial for the treatment of solid tumors, a phase II clinical trial for the treatment of mantle cell lymphoma and a phase II clinical trial for the treatment of diffuse large B-cell lymphoma.

    Summary

    MEREO BIOPHARMA reported their Q2 FY2023 earnings results, with total revenue of GBP 7.1 million and reported net income of -11.0 million. The total revenue was significantly higher than the same period last year, while the net income was lower. Investors should take note that the company is continuing to grow its revenues, but profitability remains a challenge. It is also worth considering how the company’s revenue and profit margins are likely to change in the future, and how the company is investing in research and development.

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