BeOne Medicines AG (6160) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of BeOne Medicines AG HK$170, price HK$215, upside -21.1%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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BeOne Medicines AG
6160 · HKOvervalued / MonitorQuality growthQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$74.35 – HK$278.60 · fair‑value band HK$118.82 – HK$220.64 · the HK$215.20 price screens above the HK$169.72 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
BeOne Medicines AG, an oncology company, engages in discovering and developing various treatments for cancer patients in the United States, China, Europe, and internationally.
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BeOne Medicines AG, an oncology company, engages in discovering and developing various treatments for cancer patients in the United States, China, Europe, and internationally. The company's commercial stage products include BRUKINSA, a small molecule inhibitor of Bruton's Tyrosine Kinase (BTK) for the treatment of various blood cancers; TEVIMBRA, an anti-PD-1 antibody immunotherapy for the treatment of various solid tumor and blood cancers; SYLVANT for the treatment of adult patients with multicentric castleman disease; BAITUOWEI for patients with BC in premenopausal and perimenopausal women, and cancer; and PARTRUVIX for the treatment of various solid tumors. Its clinical stage products comprise Sonrotoclax BGB-11417, a small molecule Bcl-2 inhibitor; BGB-16673, a BTK targeting chimeric degradation activation compound active against wild type and mutant BTK; BG-60366, an EGFR-targeted CDAC; BG-89894 (SYH2039), a MAT2A Inhibitor; BGB-58067, an MTA-Cooperative PRMT5 Inhibitor; BG-T187 and BG-C0902, an anti-EGFRxMET trispecific antibody; BGB-26808, a HPK-1 Inhibitor; BGB-C354, an anti-B7H3 ADC; Zanidatamab, a bispecific HER2-targeted antibody; BG-C137, an anti-FGFR2b ADC; BGB-53038, a Pan-KRAS Inhibitor; BGB-B2033, an anti-GPC3x4-1BB bispecific antibody; BGB-B3227, an anti-MUC1xCD16A bispecific antibody; BG-C477, an anti-CEAADC; BGB-43395, a CDK4 Inhibitor; BG-68501, a CDK2 Inhibitor; BG-C9074, an anti-B7H4 ADC; BGB-21447, a Bcl-2 Inhibitor; and BGB-45035, an IRAK4-targeted CDAC. It also has various preclinical programs. The company has agreements Amgen, BMS, Bio-Thera, EUSA Pharma, Luye Pharmaceutical, and Novartis. The company was formerly known as BeiGene, Ltd. and changed its name to BeOne Medicines AG in May 2025. BeOne Medicines AG was founded in 2010 and is based in Basel, Switzerland.
Stock analysis
BeOne Medicines AG (6160) currently trades at HK$215.20, while our model-based Fair Value estimate is HK$169.72, implying the stock looks roughly 26.8% overvalued today.
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Valuation
How firm this estimate is: it rests on 24 models at a data quality of 94/100, which puts the evidence level at medium.
Scenario range: HK$118.82 (bear) to HK$220.64 (bull), the price of HK$215.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BeOne Medicines AG reported revenue of $5.4B in FY2025 versus $1.2B in FY2021, a compound +46.0%/yr. Reported net income was $287M in FY2025.
Key figures
Market cap HK$317B (≈ $40.5B) · P/E ratio 65.7 · P/S ratio 3.53 · EPS (TTM) HK$2.73 · Net margin 5.4% · Return on equity 12.4% · Return on assets (EBIT) −13.9% · Operating margin 16.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic.
The share trades about 6% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at −21%, 6160 screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 70
Revenue & earnings trend
Growth Forecast
6160 screens 27% overvalued. Compare with Vertex Pharmaceuticals Incorporated →
Earlier news
- BeOne Medicines (ONC) Stock May Be Fully Priced After An 86% Run
- The Bull Case For BeOne Medicines (ONC) Could Change Following US-Backed HER2 Regimen And Onshoring Deal
- BeOne (ONC) Secured a Pharmaceutical-Tariff Exemption After More than $1B of U.S. Manufacturing Investment. Are the Pricing Concessions Wort
- FDA Approval Marks A Turning Point For BeOne Medicines (ONC)
Compare BeOne Medicines AG with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Biotechnology · 654 stocks
Valuation Multiplesvs Biotechnology median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Biotechnology stocks, each showing price versus our Fair Value estimate.
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| Vertex Pharmaceuticals Incorporated VRTX | $522.38 | $574.62 | +10% |
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| argenx SE ARGX | $963.79 | $918.60 | −5% |
| Samsung Biologics Co 207940 | 1,366,000 KRW | 1,502,600 KRW | +10% |
| CSL Limited CSL | A$179.12 | A$197.03 | +10% |
| Alnylam Pharmaceuticals, Inc ALNY | $251.65 | $218.36 | −13% |
| Royalty Pharma plc RPRX | $58.52 | $24.22 | −59% |
| Celltrion, Inc 068270 | 177,400 KRW | 74,519 KRW | −58% |
| BioNTech SE BNTX | $100.87 | $63.62 | −37% |
| Incyte Corporation INCY | $124.64 | $205.18 | +65% |
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Key figures of BeOne Medicines AG
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