WallStSmart

argenx NV ADR (ARGX)vsCompugen (CGEN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

argenx NV ADR generates 5722% more annual revenue ($4.24B vs $72.76M). CGEN leads profitability with a 48.6% profit margin vs 30.5%. ARGX appears more attractively valued with a PEG of 0.83. CGEN earns a higher WallStSmart Score of 71/100 (B).

ARGX

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 9.0Value: 7.3Quality: 6.0
Piotroski: 3/9

CGEN

Strong Buy

71

out of 100

Grade: B

Growth: 8.0Profit: 9.5Value: 10.0Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARGXSignificantly Overvalued (-526.8%)

Margin of Safety

-526.8%

Fair Value

$133.14

Current Price

$697.05

$563.91 premium

UndervaluedFair: $133.14Overvalued
CGENUndervalued (+33.7%)

Margin of Safety

+33.7%

Fair Value

$2.58

Current Price

$2.07

$0.51 discount

UndervaluedFair: $2.58Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARGX5 strengths · Avg: 9.0/10
Profit MarginProfitability
30.5%10/10

Keeps 31 of every $100 in revenue as profit

Revenue GrowthGrowth
73.0%10/10

Revenue surging 73.0% year-over-year

Return on EquityProfitability
20.2%9/10

Every $100 of equity generates 20 in profit

PEG RatioValuation
0.838/10

Growing faster than its price suggests

Operating MarginProfitability
27.4%8/10

Strong operational efficiency at 27.4%

CGEN6 strengths · Avg: 9.7/10
P/E RatioValuation
5.5x10/10

Attractively priced relative to earnings

Return on EquityProfitability
44.8%10/10

Every $100 of equity generates 45 in profit

Profit MarginProfitability
48.6%10/10

Keeps 49 of every $100 in revenue as profit

Operating MarginProfitability
83.2%10/10

Strong operational efficiency at 83.2%

Revenue GrowthGrowth
44.8%10/10

Revenue surging 44.8% year-over-year

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

Areas to Watch

ARGX3 concerns · Avg: 3.0/10
P/E RatioValuation
34.6x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

EPS GrowthGrowth
-31.9%2/10

Earnings declined 31.9%

CGEN2 concerns · Avg: 3.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$198.49M3/10

Smaller company, higher risk/reward

Comparative Analysis Report

WallStSmart Research

Bull Case : ARGX

The strongest argument for ARGX centers on Profit Margin, Revenue Growth, Return on Equity. Profitability is solid with margins at 30.5% and operating margin at 27.4%. Revenue growth of 73.0% demonstrates continued momentum.

Bull Case : CGEN

The strongest argument for CGEN centers on P/E Ratio, Return on Equity, Profit Margin. Profitability is solid with margins at 48.6% and operating margin at 83.2%. Revenue growth of 44.8% demonstrates continued momentum.

Bear Case : ARGX

The primary concerns for ARGX are P/E Ratio, Piotroski F-Score, EPS Growth.

Bear Case : CGEN

The primary concerns for CGEN are EPS Growth, Market Cap.

Key Dynamics to Monitor

CGEN carries more volatility with a beta of 2.96 — expect wider price swings.

ARGX is growing revenue faster at 73.0% — sustainability is the question.

ARGX generates stronger free cash flow (407M), providing more financial flexibility.

Monitor BIOTECHNOLOGY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CGEN scores higher overall (71/100 vs 63/100), backed by strong 48.6% margins and 44.8% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

argenx NV ADR

HEALTHCARE · BIOTECHNOLOGY · USA

argenx SE, a clinical-phase biotechnology company, focuses on the development of antibody-based therapies for the treatment of autoimmune diseases, hematology and cancer. The company is headquartered in Breda, the Netherlands.

Compugen

HEALTHCARE · BIOTECHNOLOGY · USA

Compugen Ltd., a clinical-stage therapeutic discovery and development company, is engaged in the research, development, and commercialization of therapeutic candidates and products in Israel, the United States, and Europe. The company is headquartered in Holon, Israel.

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