Replimune Group, Inc. (REPL) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-94.9%

$1.00

vs $19.49 price

Levered DCF

$1.05

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-0.08

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-2.26×	-3.18×	-2.39×	-5.91×	-7.51×	-17.43×	-6.47×	-11.65×
P/B	4.27×	1.89×	1.37×	1.85×	2.16×	2.83×	1.86×	2.61×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-2.03×	-2.93×	-2.24×	-5.49×	-6.96×	-15.99×	-6.16×	-11.09×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	4.79×	7.95×	10.72×	17.52×	19.46×	33.25×	14.68×	14.26×
Debt / equity	0.67×	0.18×	0.2×	0.11×	0.08×	0.07×	0.23×	0.05×
Interest coverage	-36.11×	-33.15×	-35.25×	-42.57×	-54.65×	-27.05×	-29.29×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-188.9%	-59.5%	-57.6%	-31.4%	-28.7%	-16.2%	-28.6%	-22.4%
Return on invested capital	-114.8%	-53.1%	-52.0%	-28.7%	-26.6%	-15.0%	-24.9%	-21.4%
Return on assets	-94.4%	-44.9%	-44.2%	-27.0%	-25.6%	-14.9%	-22.5%	-20.0%
Free cash flow yield	-40.1%	-25.3%	-37.1%	-12.7%	-9.5%	-4.5%	-19.6%	-7.8%
Earnings yield	-44.2%	-31.5%	-41.9%	-17.0%	-13.3%	-5.7%	-15.4%	-8.6%
Enterprise value	$612.5M	$750.5M	$516M	$942.2M	$813.5M	$1.3B	$323.9M	$340.4M
Net debt / EBITDA	0.32×	0.14×	-0.01×	0.5×	0.63×	1.89×	0.34×	0.62×
Cash conversion cycle (days)	0	0	0	0	-298	-208	0	-17,471