IMCR vs IMMX

Immunocore Holdings plc vs Immix Biopharma, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — IMCR scores higher on quality with 8.2/10 vs IMMX's 5.1/10. IMCR trades at $29.56 while IMMX trades at $8.37. Both analyzed daily using SEC EDGAR data across 13 institutional models.

IMCR

Biotechnology
Immunocore Holdings plc
Quality
8.2
out of 10
Value Trap
6
SAFE
Price
$29.56
Last close
Models
12/13
Active
VS

IMMX

Biotechnology
Immix Biopharma, Inc.
Quality
5.1
out of 10
Value Trap
30
LOW
Price
$8.37
Last close
Models
8/13
Active
IMCR
Earnings Power Value sees +1.9% upside
Limited to 2/13 visible models
IMMX
2 models active
Limited to 2/13 visible models

IMCR vs IMMX — Fair Value Comparison

IMCR
$0$12$23$35 Price$29.56 Bayesian …$14.36 (-51.4%) Earnings …$28.68 (+1.9%)
IMMX
$0$3$7$10 Price$8.37 Bayesian …$2.81 (-66.4%) Dynamic N…$1.23 (-85.3%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType IMCR Fair ValueIMCR Upside IMMX Fair ValueIMMX Upside
Bayesian DCF Intrinsic $14.36 -51.4% $2.81 -66.4%
Earnings Power Value Intrinsic $28.68 +1.9%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $5.69 -80.8% $1.23 -85.3%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

IMCR vs IMMX — Which Stock Is More Undervalued in 2026?

IMCR scores higher with a 8.2/10 quality rating vs IMMX's 5.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do IMCR and IMMX Valuations Compare?

At $29.56, IMCR trades +51.4% above its Bayesian DCF fair value of $14.36, while IMMX at $8.37 trades +66.4% above its estimate of $2.81. IMMX shows a wider gap between price and intrinsic value.

Quality of Company: IMCR vs IMMX

IMCR earns a Quality of Company score of 8.2/10 compared to IMMX's 5.1/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: IMCR vs IMMX

IMCR carries a SAFE value trap risk (6/100) while IMMX shows LOW risk (30/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Biotechnology

Both IMCR and IMMX operate in Biotechnology, which has 566 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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