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MESO
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MESOMesoblast Limited
$14.27$1.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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MESO logo

Mesoblast Limited

MESO
NASDAQ · Cell & Gene Therapy
$14.27
At close - Nov 6, 4:00 PM EST - USD
Market Cap$1.85B
P/E-32.2x
52W High$21.50
Volume192.81K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Milestone Revenue Masks Persistent Cash Burn

Mesoblast's revenue ramp to $35.0M in 2026Q4, up from roughly $1.3M in 2024Q3, appears driven largely by non-recurring milestone recognition rather than durable royalty growth, as evidenced by decelerating sequential growth of 4.0% and implausible gross margins of 141.0%.

GrowthMixed
ProfitabilityWeak
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

MESO price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-188% Peers

P/E is 188% below peer median

03

Market leadership

RS 44 · Lag

Laggard (Underperforming 56% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 26

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MESO-21.42%
S&P 500 (^GSPC)+7.63%
1-Year Return
MESO-4.42%
S&P 500 (^GSPC)+9.69%
3-Year Return
MESO+432.46%
S&P 500 (^GSPC)+71.74%
5-Year Return
MESO+12.72%
S&P 500 (^GSPC)+58.57%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-32.2x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-32.2x
N/A
N/A
EV/EBITDA
N/A
N/A
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$0.13-99.1%
Base (Fair)$27.34+91.6%
Bull$0.14-99.0%
$0.13 Bear$27.34 Base$0.14 Bull
Current Market Price: $14.27
Trades at a 47.8% discount to Base DCF ($27.34)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$121M+602.3% YoY
Net income FY26
-$58M+43.5% YoY
Free cash flow FY26
-$45M+11.8% YoY
Operating margin FY26
-42.6%+320.4 pts YoY
ROIC (FY26)-6.4%
Avg ROIC 5Y-9.4%
ROE (TTM)-10.1%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 26, 2026
-$0.13-23.2%
vs -$0.11
$69M+25.7%
vs $55M
Q2 2026
Apr 30, 2026
-$0.07+11.7%
vs -$0.08
$34M+18.0%
vs $29M
Q1 2026
Feb 26, 2026
-$0.31-31.2%
vs -$0.24
$51M-3.2%
vs $53M
Q3 2025
Aug 28, 2025
-$0.32-60.0%
vs -$0.20
$16M+10.2%
vs $14M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·3d ago
Use Of Ryoncil First Line After Steroids For Pediatric Acute Graft Versus Host Disease Highlighted In Key Opinion Leader Webinar

NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, announced that it hosted a key opinion leader webinar this week titled “The Graft-versus-Host Disease Exchange - Expert Perspectives on Evolving Clinical Practice” with leading pediatric transplant and cellular-therapy specialist Dr. Susan Prockop, Associate Professor, Harvard Medical School; Attending Physician & Director, Boston Children's Hospital. Dr. Prockop provided an overview of Ryoncil® (remestemcel-L-rknd)1 as a new treatment paradigm in the management of acute graft-versus-host disease, its use as first line after steroids, highlighted case studies, and discussed results from pivotal trials.

GlobeNewsWire·6d ago
Mesoblast Board Changes

NEW YORK, Nov. 01, 2026 (GLOBE NEWSWIRE) -- Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today announced rotational changes and retirement of certain members of its Board, and reiterated its intention to add new members with the requisite global commercial experience in the biopharmaceutical sector in line with its next phase of commercial delivery and growth.

GlobeNewsWire·Oct 28, 2026
Activity Report for Quarter Ended September 30, 2026 (Appendix 4C)

NEW YORK, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today provided its activity report for the first fiscal quarter ended September 30, 2026.

Seeking Alpha·Oct 19, 2026
Mesoblast: Ryoncil Helps Fund Rexlemestrocel-L For Back Pain

Mesoblast's Ryoncil provides commercial validation for its cell-therapy platform while helping finance additional development. Ryoncil's ongoing growth should also help finance MESO's remaining pipeline, in particular Rexlemestrocel-L. You see, Rexlemestrocel-L could give MESO another larger TAM as a back-pain franchise if its pivotal data support approval.

Filtered for Mesoblast LimitedMore Headlines
04

Compare before deciding

Benchmark MESO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Mesoblast Limited (MESO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MESO logoMESOMesoblast LimitedCurrent
$14.27$1.85B-32.20602.33%-47.82%-10.06%—
FATE logoFATEFate Therapeutics, Inc.
$1.84$214.47M-1.83-51.24%-2619.64%-73.92%—
MDXG logoMDXGMiMedx Group, Inc.
$3.31$482.47M-25.1519.99%-6.32%-8.29%—
ANIK logoANIKAnika Therapeutics, Inc.
$14.55$194.72M-110.31-5.91%-1.43%-1.28%—
RGEN logoRGENRepligen Corporation
$173.49$9.79B-831.2916.36%-1.47%-0.56%—
CYTK logoCYTKCytokinetics, Incorporated
$53.69$6.68B-9.60376.56%-667.26%——

Compare MESO vs Peers

Mesoblast Limited (MESO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FATE

Most directly comparable listed peer for MESO.

Scale Benchmark

vs TMO

Larger-name benchmark to compare MESO against a more recognizable public peer.

Peer Set

Compare Top 5

vs FATE, MDXG, ANIK, RGEN

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MESO Frequently Asked Questions

Mesoblast Limited (MESO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Mesoblast Limited's revenue?

Mesoblast Limited (MESO) reported $120.8M in revenue in fiscal year 2026, which is also its trailing twelve months. That is 23919% more than the $0.5M of fiscal year 2005.

How fast is Mesoblast Limited growing?

Mesoblast Limited (MESO) grew revenue by 599.2% over the trailing twelve months, compared with the twelve months before.

Is MESO profitable?

No. Mesoblast Limited (MESO) reported a net loss of $57.5M over the trailing twelve months.

Dividend & Returns
What is MESO's return on equity?

Mesoblast Limited (MESO) had a return on equity (ROE) of -10.1% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Mesoblast Limited's free cash flow?

Mesoblast Limited (MESO) had negative free cash flow of $42.4M over the trailing twelve months.

What if you invested $1,000 in MESO back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →