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Moderna, Inc. (MRNA)

NEUTRAL
HealthcareBiotechnologyUnited States

Fundamental

43

Price

$153.16

Market Cap

$54.46B

Part 1 · What the company is worth

Overview

Moderna, Inc., a biotechnology company, provides messenger RNA medicines in the United States, Europe, and internationally. The company's respiratory vaccines include spikevax, mNEXSPIKE, mRESVIA, COVID, RSV, seasonal influenza, combination, and pandemic influenza vaccine; latent vaccines comprise cytomegalovirus, epstein-barr virus, and human immunodeficiency virus vaccines; enteric viruses include norovirus; public health vaccines consist of Zika, Nipah, and Mpox vaccines; and bacterial diseases vaccines, such as lyme vaccines. It also provides oncology therapeutics, such as intismeran autogene, cancer antigen therapy, t-cell engager, and cell therapy enhancer; and rare disease products, including propionic and methylmalonic acidemia, and cystic fibrosis. It has strategic alliances and collaborations with Merck & Co., Inc; Vertex Pharmaceuticals Incorporated; Vertex Pharmaceuticals (Europe) Limited; immatics N.V.; Defense Advanced Research Projects Agency; Biomedical Advanced Research and Development Authority; Institute for Life Changing Medicines; The Bill & Melinda Gates Foundation; and OpenAI. The company was formerly known as Moderna Therapeutics, Inc. and changed its name to Moderna, Inc. in August 2018. Moderna, Inc. was founded in 2010 and is headquartered in Cambridge, Massachusetts.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$2.23B

Trailing 12 months (through 6/30/2026)

Net Income

$-3.15B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$-2.06B

Total Equity

$8.65B

Total Liabilities

$3.69B

Current Ratio

2.29

Interest Coverage

-

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Undervalued

Fair Value

$294.26

Current Price

$153.16

Margin of Safety

+48.0%

Fair Value Range

$191.27 - $397.25

Estimation Methods

Analyst Target:$91.39
DCF:$564.76
PE-based:-
Graham Growth:-
EPV:-
Analyst Consensus:Hold (9B / 18H / 3S)
Last Earnings Surprise:+7.28%

Valuation Metrics

P/E Ratio

-

ROE

-32.6%

P/B Ratio

8.20

P/FCF

-

Gross Margin

23.4%

ROIC

-31.1%

Profitability Radar

Value Creation (Economic Moat)

ROIC

-31.1%

WACC

10.2%

ROIC − WACC

-41.3 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (8)

  • Price CAGR 32.51%
  • Debt/Equity ratio
  • Current Ratio
  • Low reliance on intangibles
  • DCF valuation (Undervalued)
  • Revenue Growth 5Y 19.3%
  • Earnings Surprise avg 30.3%
  • Share Dilution 1.3%

Failed (11)

  • EPS shows upward trend
  • ROIC -31.1%
  • Gross Margin 23.4%
  • P/B Ratio 8.20
  • Operating Margin -149.0%
  • Positive Free Cash Flow
  • Return on Tangible Assets
  • ROE -39.2%
  • Analyst Consensus 30% Buy
  • Net Margin Trend -141.4% vs -94.3%
  • Piotroski F-Score 3/9

Unavailable (8)

  • P/FCF NaN
  • Dividend Payout NaN%
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

3/9

Serious financial concerns

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

1.3%

Share count is stable

Governance

Executive Team

NameTitleAge
Mr. Stéphane Bancel M.B.A.CEO & Director52
Dr. Stephen Hoge M.D.President49
Mr. James M. MockChief Financial Officer48
Ms. Shannon Thyme Klinger J.D.Chief Legal Officer & Corporate Secretary54
Dr. Jerh Collins Ph.D.Chief Technical Operations & Quality Officer59
Ms. Lavina Talukdar CFASenior VP & Head of Investor Relations51
Chris RidleyVP & Global Head of Communications-
Ms. Tracey FranklinChief People & Digital Technology Officer45
Dr. Charbel Haber M.P.H., Ph.D.Senior VP & Head of Global Regulatory Science-
Mr. Patrick Norman BergstedtSenior Vice President of Commercial Vaccines63

Audit Risk

7

Board Risk

7

Compensation Risk

10

Shareholder Rights Risk

9

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for MRNA, sourced from Markets Gazette.

  • 4d agoPOSITIVE
    Moderna, Merck Cancer Vax Gives Hope

    Moderna Inc. and Merck & Co. have achieved a significant milestone in cancer treatment with their mRNA-based cancer vaccine. A late-stage trial demonstrated that the vaccine successfully prevented the recurrence of melanoma, offering substantial hope for patients and a new chapter for mRNA technology. This breakthrough, detailed in Bloomberg Opinion, highlights the potential of vaccines in training the immune system to combat cancer. For investors, this development could signal a strong future for Moderna's oncology pipeline and validate the long-term potential of mRNA applications beyond infectious diseases, potentially driving significant stock appreciation.

  • 5d agoNEUTRAL
    Moderna’s personalized mRNA shot could reshape the fight against skin cancer — but it may also be overhyped

    Moderna's personalized mRNA cancer vaccine for melanoma has generated significant excitement among medical professionals and patients, signaling a potential paradigm shift in skin cancer treatment. However, market analysts caution that the current enthusiasm may be overblown, suggesting a need for tempered expectations. While the technology holds promise, its ultimate efficacy and market penetration remain subjects of debate. Investors should monitor clinical trial results and regulatory approvals closely, as the long-term impact on Moderna's stock price is contingent on overcoming these hurdles and demonstrating clear clinical and commercial advantages over existing therapies.

  • 5d agoPOSITIVE
    Moderna, Merck Shares Soar on Cancer Vaccine Trial Success

    Moderna Inc. and Merck & Company Inc. shares experienced significant surges following the announcement of a successful Phase 3 clinical trial for their experimental personalized mRNA cancer vaccine, intismeran, in combination with Merck's Keytruda. The trial demonstrated a significant extension in recurrence-free survival for high-risk melanoma patients post-surgery. Moderna's stock jumped as much as 177% to $174.93, adding approximately $30 billion in market capitalization, while Merck's shares climbed 12% to an all-time high of $153.13. This breakthrough, marking the first statistically significant improvement over checkpoint inhibitors with an individualized treatment, could pave the way for market entry as early as next year, pending regulatory discussions. Further trials are underway for other cancer types.

  • 5d agoNEGATIVE
    Azioni Moderna -20% dopo rally record, emergono dubbi sulla valutazione

    Moderna Inc. shares experienced a sharp 20% decline, closing at $138 after reaching a record high. This pullback occurred as investors took profits following positive Phase 3 trial results for a cancer vaccine. Despite analysts raising price targets, some valuations remained below Wednesday's close, indicating concerns that the stock may have already priced in much of the clinical progress. The significant retracement suggests that the market is reassessing Moderna's valuation in light of its recent rapid ascent.

  • 6d agoPOSITIVE
    Moderna Surges as Stocks Rise & Long-Term Yields Retreat | Closing Bell

    Moderna Inc. experienced a significant surge in its stock price during the U.S. market close, coinciding with a broader market rally and a retreat in long-term yields. While the article does not provide specific figures for Moderna's performance, its inclusion in the 'Closing Bell' segment suggests notable investor activity. The retreat in long-term yields typically benefits growth stocks like those in the biotechnology sector, potentially indicating a favorable macroeconomic environment for Moderna. Investors may interpret this as a positive sign for the company's future prospects, especially given its pipeline and ongoing developments.

via Markets Gazette