WallStSmart

argenx NV ADR (ARGX)vsGenmab AS (GMAB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

argenx NV ADR generates 22% more annual revenue ($4.74B vs $3.90B). ARGX leads profitability with a 31.4% profit margin vs 21.0%. ARGX appears more attractively valued with a PEG of 1.49. ARGX earns a higher WallStSmart Score of 73/100 (B).

ARGX

Strong Buy

73

out of 100

Grade: B

Growth: 10.0Profit: 9.5Value: 6.7Quality: 8.5
Piotroski: 3/9Altman Z: 4.92

GMAB

Buy

62

out of 100

Grade: C+

Growth: 4.0Profit: 8.0Value: 6.7Quality: 6.0
Piotroski: 2/9Altman Z: 1.69
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARGXUndervalued (+62.4%)

Margin of Safety

+62.4%

Fair Value

$2217.64

Current Price

$891.32

$1326.32 discount

UndervaluedFair: $2217.64Overvalued
GMABUndervalued (+46.6%)

Margin of Safety

+46.6%

Fair Value

$56.30

Current Price

$25.15

$31.15 discount

UndervaluedFair: $56.30Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARGX6 strengths · Avg: 10.0/10
Profit MarginProfitability
31.4%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
30.0%10/10

Strong operational efficiency at 30.0%

Revenue GrowthGrowth
62.6%10/10

Revenue surging 62.6% year-over-year

EPS GrowthGrowth
114.0%10/10

Earnings expanding 114.0% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.9210/10

Safe zone — low bankruptcy risk

GMAB4 strengths · Avg: 8.3/10
Profit MarginProfitability
21.0%9/10

Keeps 21 of every $100 in revenue as profit

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Operating MarginProfitability
25.1%8/10

Strong operational efficiency at 25.1%

Revenue GrowthGrowth
25.3%8/10

Revenue surging 25.3% year-over-year

Areas to Watch

ARGX3 concerns · Avg: 3.0/10
P/E RatioValuation
39.1x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Price/BookValuation
188.4x2/10

Trading at 188.4x book value

GMAB4 concerns · Avg: 3.3/10
PEG RatioValuation
1.674/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.694/10

Distress zone — elevated risk

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

EPS GrowthGrowth
-72.8%2/10

Earnings declined 72.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : ARGX

The strongest argument for ARGX centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 31.4% and operating margin at 30.0%. Revenue growth of 62.6% demonstrates continued momentum.

Bull Case : GMAB

The strongest argument for GMAB centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 21.0% and operating margin at 25.1%. Revenue growth of 25.3% demonstrates continued momentum.

Bear Case : ARGX

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

Bear Case : GMAB

The primary concerns for GMAB are PEG Ratio, Altman Z-Score, Piotroski F-Score.

Key Dynamics to Monitor

GMAB carries more volatility with a beta of 0.68 — expect wider price swings.

ARGX is growing revenue faster at 62.6% — sustainability is the question.

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

Bottom Line

ARGX scores higher overall (73/100 vs 62/100), backed by strong 31.4% margins and 62.6% revenue growth. GMAB offers better value entry with a 46.6% margin of safety. 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.

Genmab AS

HEALTHCARE · BIOTECHNOLOGY · USA

Genmab A / S develops antibody therapies for the treatment of cancer and other diseases mainly in Denmark. The company is headquartered in Copenhagen, Denmark.

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