IMCR vs IMRN

Immunocore Holdings plc vs Immuron Limited — 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 IMRN's 1.7/10. IMCR trades at $29.56 while IMRN trades at $1.32. 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

IMRN

Biotechnology
Immuron Limited
Quality
1.7
out of 10
Value Trap
Price
$1.32
Last close
Models
7/13
Active
IMCR
Earnings Power Value sees +1.9% upside
Limited to 2/13 visible models
IMRN
2 models active
Quality 1.7/10 — below average

IMCR vs IMRN — Fair Value Comparison

IMCR
$0$12$23$35 Price$29.56 Bayesian …$14.36 (-51.4%) Earnings …$28.68 (+1.9%)
IMRN
$0$1$1$2 Price$1.32 Bayesian …$0.34 (-74.0%) Dynamic N…$0.42 (-68.4%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType IMCR Fair ValueIMCR Upside IMRN Fair ValueIMRN Upside
Bayesian DCF Intrinsic $14.36 -51.4% $0.34 -74.0%
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% $0.42 -68.4%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

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

IMCR scores higher with a 8.2/10 quality rating vs IMRN's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do IMCR and IMRN Valuations Compare?

At $29.56, IMCR trades +51.4% above its Bayesian DCF fair value of $14.36, while IMRN at $1.32 trades +74.0% above its estimate of $0.34. IMRN shows a wider gap between price and intrinsic value.

Quality of Company: IMCR vs IMRN

IMCR earns a Quality of Company score of 8.2/10 compared to IMRN's 1.7/10. 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 IMRN

Review the value trap analysis for both IMCR and IMRN to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Biotechnology

Both IMCR and IMRN 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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