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Regeneron Pharmaceuticals, Inc. — Intrinsic Value & Fair Price

REGN
NASDAQHealthcareBiotechnologyCIK 0000872589regeneron.comAbout REGN
Last close · Oct 16, 2026790.74−5.60 (−0.70%)
Market cap$81.4B
Model value · DCF · Perpetuity growth · 5y
1,040.27
Regeneron closed at $790.74 — undervalued by 24% vs model.
582.31the model's range2,403.32

DCF · Perpetuity growth · 5y leads for profitable growth — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
124.76 – 1,096.21
Wall St. target
824.00 4% below
Below model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
0.47%
Past 2 years
low 0.43%high 0.61%
Dividends per share, a year at a time
$3.70TTM
Dividends / free cash flow, FY2025
9.1%
Raised
—
Growth
—
Last change
+6.8% · Feb 2026
Every payment, with ex-dates · latest $0.94, paid Aug 31, 2026

Research on REGN

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How it is valued

Valued asProfitable Growth
Low/slowing growth (~5% recent)High profitability (31% net margin)Moderately volatile earningsStrong FCF yield (5.0%)
What growth the price implies: the reverse DCF

Key figures

FY2025
P/E
19.1×
EV / EBITDA
13.8×
FCF yield
4.9%
Dividend yield, TTM
0.47%
Beta
0.24
Cost of capital (WACC)
7.05%
Full financials

Analyst actions

third-party, quoted
10-15UBS · “Buy” from “Neutral”upgrade
10-14UBS · target978.00
10-08Raymond James · target911.00
10-08RBC Capital · target810.00
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists REGN as a comparable

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just REGN. No account.

About Regeneron

Regeneron Pharmaceuticals, Inc. is a global biopharmaceutical enterprise focused on discovering, inventing, developing, manufacturing, and bringing to market medical treatments for a wide array of illnesses. Its therapeutic portfolio includes EYLEA, an injection used to treat various ophthalmic conditions such as wet age-related macular degeneration, diabetic macular edema, myopic choroidal neovascularization, diabetic retinopathy, and macular edema resulting from retinal vein occlusion (both central and branch). Other significant offerings are Dupixent, an injectable solution for atopic dermatitis and asthma in both adults and pediatric patients; Libtayo, indicated for metastatic or locally advanced cutaneous squamous cell carcinoma; Praluent, an injection prescribed for adults with heterozygous familial hypercholesterolemia or clinical atherosclerotic cardiovascular disease; REGEN-COV for COVID-19; and Kevzara, a solution targeting rheumatoid arthritis in adult patients. Furthermore, Regeneron provides Inmazeb for infections caused by Zaire ebolavirus; ARCALYST, an injection for cryopyrin-associated periodic syndromes, including familial cold auto-inflammatory syndrome and Muckle-Wells syndrome; and ZALTRAP, an intravenous infusion used in the treatment of metastatic colorectal cancer. In addition to its existing product lineup, the company is actively engaged in developing novel product candidates aimed at addressing unmet medical needs in areas such as ocular diseases, allergic and inflammatory conditions, cardiovascular and metabolic disorders, infectious diseases, rare diseases, cancer, pain management, and hematologic conditions. Regeneron maintains extensive collaboration and licensing agreements with a diverse range of partners, including Sanofi, Bayer, Teva Pharmaceutical Industries Ltd., Mitsubishi Tanabe Pharma Corporation, Alnylam Pharmaceuticals, Inc., Roche Pharmaceuticals, and Kiniksa Pharmaceuticals, Ltd. It also holds agreements with entities such as the U.S. Department of Health and Human Services, Zai Lab Limited, Intellia Therapeutics, Inc., the Biomedical Advanced Research Development Authority, and AstraZeneca PLC. The company was founded in 1988 and its corporate headquarters are situated in Tarrytown, New York.

CEO
Leonard S. Schleifer
Headquarters
Tarrytown, NY
Employees
15,410
IPO
1991-04-02
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.