MeiraGTx Holdings plc MGTX

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
52/100
Moderate

About MeiraGTx Holdings plc

MeiraGTx Holdings plc, a clinical stage genetics medicines company, focusing on developing treatments for patients with serious diseases. The company develops various therapies for ocular diseases, including inherited retinal diseases and large degenerative ocular diseases; neurodegenerative diseases; and xerostomia. It is also developing AAV-AQP1 in Phase 2 trial for radiation-induced grade 2/3 radiation-induced xerostomia, as well as in Phase ½ … Full MGTX analysis →

Competitive advantage assessment

Key strengths

  • Cash Generation Consistent Cash generation is consistent (score 0.75), indicating reliable business model.
  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.75), with robust interest coverage.

Key risks

  • ROIC Below WACC or Peers ROIC at 19.8th percentile suggests inefficient capital deployment.
  • Liquidity Concerns Liquidity is concerning (score 0.09), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
44

Where MGTX ranks in Biotechnology

MeiraGTx Holdings plc ranks #221 of 713 scored companies in Biotechnology by moat score — the top 31%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

Moat scores for companies ranked near MGTX in Biotechnology
# Company Moat score Rating
217 Surrozen, Inc. Warrant SRZNW 52/100 Moderate
218 Verrica Pharmaceuticals Inc. VRCA 52/100 Moderate
219 PMV Pharmaceuticals, Inc. PMVP 52/100 Moderate
220 Entrada Therapeutics, Inc. TRDA 52/100 Moderate
221 MeiraGTx Holdings plc MGTX 52/100 Moderate
222 Metagenomi, Inc. MGX 51/100 Moderate
223 BiomX Inc. PHGE 51/100 Moderate
224 Immatics N.V. IMTXW 51/100 Moderate
225 Mineralys Therapeutics, Inc. MLYS 51/100 Moderate

See every Biotech / Pre-Revenue company ranked by moat score →

How MGTX scores on the Corporate Default defenses

Pricing Power

Score 44 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 72 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 66 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 18 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 55 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 61 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MGTX's moat

What is MeiraGTx Holdings plc's moat score?

MeiraGTx Holdings plc (MGTX) scores 52 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #221 of 713 scored companies in Biotechnology, the top 31%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Cost Advantage (72/100) and its weakest is Capital Efficiency (18/100).

How does MeiraGTx Holdings plc compare with other Biotechnology companies?

MeiraGTx Holdings plc ranks #221 of 713 scored companies in Biotechnology by moat score. The widest moat in Biotechnology is Royalty Pharma plc (RPRX) at 85/100. The companies ranked closest are Entrada Therapeutics, Inc. (TRDA) at 52 just above it and Metagenomi, Inc. (MGX) at 51 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 712 companies in Biotechnology. The defenses are then weighted to produce the overall score out of 100.

Why is MeiraGTx Holdings plc scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for MeiraGTx Holdings plc?

The Corporate Default template measures 6 defenses, and MGTX scores: Pricing Power (44), Cost Advantage (72), Customer Stickiness (66), Capital Efficiency (18), Resilience (55), Scale & Market Position (61). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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