WallStSmart

Incyte Corporation (INCY)vsBeiGene, Ltd. (ONC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

BeiGene, Ltd. generates 5% more annual revenue ($6.13B vs $5.82B). INCY leads profitability with a 27.7% profit margin vs 10.7%. ONC appears more attractively valued with a PEG of 0.77. INCY earns a higher WallStSmart Score of 76/100 (B+).

INCY

Strong Buy

76

out of 100

Grade: B+

Growth: 9.3Profit: 10.0Value: 6.7Quality: 9.0
Piotroski: 5/9Altman Z: 3.89

ONC

Buy

64

out of 100

Grade: C+

Growth: 9.3Profit: 6.5Value: 6.7Quality: 7.0
Piotroski: 5/9Altman Z: 0.75
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

INCYUndervalued (+84.0%)

Margin of Safety

+84.0%

Fair Value

$619.23

Current Price

$121.47

$497.76 discount

UndervaluedFair: $619.23Overvalued
ONCUndervalued (+80.1%)

Margin of Safety

+80.1%

Fair Value

$1767.21

Current Price

$346.51

$1420.70 discount

UndervaluedFair: $1767.21Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

INCY6 strengths · Avg: 9.7/10
Operating MarginProfitability
41.9%10/10

Strong operational efficiency at 41.9%

Revenue GrowthGrowth
37.7%10/10

Revenue surging 37.7% year-over-year

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.8910/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
25.4%9/10

Every $100 of equity generates 25 in profit

Profit MarginProfitability
27.7%9/10

Keeps 28 of every $100 in revenue as profit

ONC4 strengths · Avg: 8.8/10
EPS GrowthGrowth
166.7%10/10

Earnings expanding 166.7% YoY

Debt/EquityHealth
0.229/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.778/10

Growing faster than its price suggests

Revenue GrowthGrowth
29.6%8/10

Revenue surging 29.6% year-over-year

Areas to Watch

INCY1 concerns · Avg: 2.0/10
PEG RatioValuation
10.892/10

Expensive relative to growth rate

ONC2 concerns · Avg: 2.0/10
P/E RatioValuation
64.1x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.752/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : INCY

The strongest argument for INCY centers on Operating Margin, Revenue Growth, Debt/Equity. Profitability is solid with margins at 27.7% and operating margin at 41.9%. Revenue growth of 37.7% demonstrates continued momentum.

Bull Case : ONC

The strongest argument for ONC centers on EPS Growth, Debt/Equity, PEG Ratio. Revenue growth of 29.6% demonstrates continued momentum. PEG of 0.77 suggests the stock is reasonably priced for its growth.

Bear Case : INCY

The primary concerns for INCY are PEG Ratio.

Bear Case : ONC

The primary concerns for ONC are P/E Ratio, Altman Z-Score. A P/E of 64.1x leaves little room for execution misses.

Key Dynamics to Monitor

INCY carries more volatility with a beta of 0.77 — expect wider price swings.

INCY is growing revenue faster at 37.7% — sustainability is the question.

ONC generates stronger free cash flow (596M), providing more financial flexibility.

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

Bottom Line

INCY scores higher overall (76/100 vs 64/100), backed by strong 27.7% margins and 37.7% revenue growth. ONC offers better value entry with a 80.1% 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.

Incyte Corporation

HEALTHCARE · BIOTECHNOLOGY · USA

Incyte Corp is an American pharmaceutical company based in Alapocas, Delaware.

BeiGene, Ltd.

HEALTHCARE · BIOTECHNOLOGY · USA

BeiGene, Ltd., an oncology company, engages in discovering and developing various treatments for cancer patients in the United States, China, Europe, and internationally. The company is headquartered in Camana Bay, the Cayman Islands.

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