CorMedix (CRMD): Evaluating Valuation After a Strong Multi‑Year Share Price Run

CorMedix (CRMD) has quietly put together an impressive run, with the stock up about 48% this year and more than tripling over the past 3 years, grabbing investors' attention again.

See our latest analysis for CorMedix.

That strength has not been a one off move, with a 30 day share price return of about 24% and a three year total shareholder return above 220% pointing to clear positive momentum.

If CorMedix is on your radar, this could also be a good moment to explore other healthcare names using our screener for healthcare stocks.

With CorMedix now trading well below consensus price targets yet already boasting triple digit three year returns, the key question is whether the market still underestimates its growth runway or whether future success has already been priced in.

Most Popular Narrative: 35.8% Undervalued

With the narrative anchoring fair value at $19 per share versus the last close at $12.19, the stage is set by aggressive growth assumptions and expanding margins.

Ongoing and pipeline expansions such as DefenCath's Phase III trials for additional indications and the potential REZZAYO label expansion target growing patient populations driven by aging demographics and increased chronic disease prevalence, positioning CorMedix to capitalize on long term increases in demand and deliver sustained revenue growth. Integration of Melinta's established hospital commercial infrastructure with CorMedix's assets is expected to unlock between $35 and $45 million in annual operating expense synergies, improving gross and net margins through increased operational efficiency and economies of scale.

Read the complete narrative.

Want to see how double digit revenue growth, rising margins and a compressed future earnings multiple all combine into that target price? The narrative spells out the full playbook.

Result: Fair Value of $19 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, the Melinta integration and heavy reliance on a few key anti infective assets mean any regulatory or commercialization setbacks could quickly derail this upside case.

Find out about the key risks to this CorMedix narrative.

Build Your Own CorMedix Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a custom view in just minutes: Do it your way.

A great starting point for your CorMedix research is our analysis highlighting 4 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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