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SIGA Technologies, Inc (SIGA) Fair Value & Analysis

Healthcare · US · Market cap $315M

ST SIGA Technologies, Inc logo SIGA Technologies, Inc SIGA · US
Price$3.05
Fair Value$6.89
Upside+125.9%
Quality68/100
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Weak Growth
Highly profitable · 21.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/15)
Moderate moat 48/100
Evidence: High Range $5.36 – $8.07 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from $7.15 to $6.89 (−3.6%) since Jun 24, 2026. Share price −13.8% over the past month.

A solid business, screening 126% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($5.36). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

$18.03 $3.05 Fair Value $6.89 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $3.05 – $18.03 · fair‑value band $5.36 – $8.07 · the $3.05 price screens below the $6.89 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

SIGA Technologies, Inc (SIGA) currently trades at $3.05, while our model-based Fair Value estimate is $6.89, implying the stock looks roughly 125.9% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, SIGA Technologies, Inc generated revenue of $93.8M at a net margin of 21.6%. Revenue declined 11.3% year over year. It earns a return on equity of 11.0%. The balance sheet holds a net cash position of $154M. Fundamentals as of Jul 18, 2026

Our scenario range runs from $5.36 (bear case) to $8.07 (bull case); at $3.05, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 64% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 126%, SIGA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $8.77 $14.36 $23.13 80
Residual Income $2.42 $2.69 $3.65 76
Rev-Margin DCF $6.22 $9.38 $16.07 74
All 26 models by family
DCF Models
FCF DCF $9.29 $13.05 $24.30 38
Owner Earnings $5.28 $9.76 $18.08 31
5Y Revenue Exit $5.78 $8.33 $13.60 39
5Y EBITDA Exit $6.19 $9.15 $14.92 41
5Y P/E Exit $7.44 $14.18 $23.20 38
10Y Revenue Exit $6.89 $11.74 $14.22 36
10Y EBITDA Exit $7.26 $12.53 $21.03 37
10Y P/E Exit $8.09 $14.98 $25.89 35
Earnings-Based
Graham-Dodd $2.21 $15.41 $21.62 54
Lynch FV $7.96 $11.37 $14.78 50
PEG = 1.0 $7.96 $11.37 $14.78 46
EPV $2.96 $3.21 $3.42 59
Dividend Discount
Gordon GGM $4.67 $8.42 $11.59 70
DDM Multi-Stage $4.67 $7.69 $8.99 61
Multiples
P/E Multiple $5.36 $7.15 $8.93 63
P/S Multiple $3.46 $4.62 $5.77 58
P/B Multiple $4.14 $5.52 $6.90 55
EV/EBIT $5.32 $6.72 $8.13 53
EV/EBITDA $4.66 $5.84 $7.03 54
EV/Revenue $3.88 $5.06 $6.25 43
Asset-Based
NCAV (Graham) $1.39 $1.86 $2.77 50
Growth DCF
Growth DCF $8.77 $14.36 $23.13 80
Rev-Margin DCF $6.22 $9.38 $16.07 74
Economic Profit
Residual Income $2.42 $2.69 $3.65 76
ROIC Compounder $3.16 $3.83 $4.40 72
Growth Earnings
Growth-Adj P/E $10.56 $15.09 $19.62 68

Widest divergence: Growth Earnings ($15.09) versus Asset-Based ($1.86). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $93.8M
Revenue growth (YoY) -11.3%
Net margin 21.6%
Return on equity 11.0%
Free cash flow $43.1M FY2025
P/E ratio 15.7
More key figures
Operating margin -85.2%
EPS (TTM) $0.2800
EPS growth (YoY) +1,803%
Net cash $154M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 72 · Market factors (momentum, volatility) 15

Profitability 59
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 87
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SIGA Technologies, Inc., a commercial-stage pharmaceutical company, focuses on the health security market in the United States. The company's lead product is TPOXX, an antiviral drug for the treatment of human smallpox disease caused by variola virus. SIGA Technologies, Inc. was incorporated in 1995 and is headquartered in New York, New York.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SIGA Technologies, Inc reported revenue of $94.6M in FY2025 versus $134M in FY2021, a compound −8.3%/yr. Reported net income was $23.3M in FY2025, compounding −23.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$94.6M
Latest YoY
−31.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.4%
Avg. growth/yr (29Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.7%
Revenue −8.3%/yr
FY21 $134M
FY22 $111M
FY23 $140M
FY24 $139M
FY25 $94.6M
Net income −23.9%/yr
FY21 $69.5M
FY22 $33.9M
FY23 $68.1M
FY24 $59.2M
FY25 $23.3M

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Cite: Fair Value Calculator (2026). "SIGA Technologies, Inc Fair Value". https://www.fairvalue-calculator.com/stock/SIGA

Peer Group

Drug Manufacturers - Specialty & Generic · 623 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside +126% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) -85% · Bottom 25%
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 1.58× · Cheaper than median
P/S (TTM) 3.35× · Pricier than median
P/FCF 7.3× · Pricier than median
EV/EBITDA 11.1× · Cheaper than median
PEG 3.37× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 6
FUTURE 0 · sector 20
PAST 44 · sector 24
HEALTH 81 · sector 97
DIVIDEND 0 · sector 34

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is SIGA Technologies, Inc (SIGA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $6.89 versus a price of $3.05, about +126% (undervalued).
What is the fair value of SIGA?
Our model-based fair value for SIGA Technologies, Inc is $6.89 (as of Jul 18, 2026), built from audited fundamentals. The current price is $3.05.
What is the quality score of SIGA?
SIGA Technologies, Inc has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of SIGA Technologies, Inc (SIGA)?
SIGA Technologies, Inc reported trailing-twelve-month revenue of about $93.8M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SIGA?
The net profit margin of SIGA Technologies, Inc is about 21.6%, meaning it keeps roughly 21.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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