Aclaris Therapeutics, Inc. (NASDAQ: ACRS)

Sector: Healthcare Industry: Biotechnology CIK: 0001557746
Market Cap 320.13 Mn
P/B 2.67
P/E -2.26
P/S 20.34
ROIC (Qtr) -121.28
Div Yield % 0.00
Rev 1y % (Qtr) -24.09
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Aclaris Therapeutics, Inc., a clinical-stage biopharmaceutical company, operates in the immuno-inflammatory disease sector. Utilizing its proprietary KINect drug discovery platform, Aclaris is dedicated to identifying and advancing potential drug candidates for various dermatologic and autoimmune conditions. The company's operations span across the United States, with its headquarters in Bedminster, New Jersey. Aclaris' main business activities involve the discovery, development, and commercialization of novel drug candidates. The company's products...

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Price action

Investment thesis

Bull case

  • Tangible assets of 175.53M provide exceptional 8.20x coverage of deferred revenue 21.42M, showing strong service capability backing.
  • Short-term investments of 70.66M provide solid 4.30x coverage of other current liabilities 16.44M, indicating strong liquidity.
  • Tangible assets of 175.53M provide robust 10.67x coverage of other current liabilities 16.44M, indicating strong asset backing.
  • Long-term investments of 71.30M provide solid 0.95x backing of working capital 74.96M, showing strategic capital allocation.
  • R&D investment of 45.09M represents healthy 2.11x of deferred revenue 21.42M, indicating strong future innovation pipeline.

Bear case

  • Operating cash flow of (42.92M) barely covers its investment activities of (50.73M), with a coverage ratio of 0.85, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (50.73M) provide weak support for R&D spending of 45.09M, which is -1.13x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Cash reserves of 25.26M provide limited coverage of acquisition spending of (36.64M), which is -0.69x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • Operating cash flow of (42.92M) provides insufficient coverage of deferred revenue obligations of 21.42M, which is -2x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (42.92M) shows concerning coverage of stock compensation expenses of 12.32M, with a -3.48 ratio indicating potential earnings quality issues.

Segments Breakdown of Revenue (2024)

Product and Service Breakdown of Revenue (2024)

Peer comparison

Companies in the Biotechnology
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SMMT Summit Therapeutics Inc. 1,151.25 Bn -1,249.17 0.00 0.01 Bn
2 ONC BeOne Medicines Ltd. 485.22 Bn 7,078.40 97.58 1.90 Bn
3 VRTX Vertex Pharmaceuticals Inc / Ma 122.74 Bn 33.40 10.47 1.83 Bn
4 REGN Regeneron Pharmaceuticals, Inc. 82.16 Bn 18.24 5.73 2.71 Bn
5 ARGX Argenx Se 48.85 Bn 32.43 25,472.44 -
6 ALNY Alnylam Pharmaceuticals, Inc. 46.12 Bn 1,058.58 14.37 3.21 Bn
7 BNTC Benitec Biopharma Inc. 42.24 Bn -1,010.00 0.00 0.00 Bn
8 INSM INSMED Inc 28.75 Bn -24.29 64.32 0.74 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.68 11.11
EV to Cash from Ops. EV/CFO -6.87 26.32
EV to Debt EV to Debt 0.00 688.48
EV to EBIT EV/EBIT -2.08 -10.97
EV to EBITDA EV/EBITDA -1.94 8.32
EV to Free Cash Flow [EV/FCF] EV/FCF -6.85 25.03
EV to Market Cap EV to Market Cap 0.92 163.46
EV to Revenue EV/Rev 18.72 148.57
Price to Book Value [P/B] P/B 2.67 20.73
Price to Earnings [P/E] P/E -2.26 -0.34
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 -12.47
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 0.17
Dividend per Basic Share Div per Share (Qtr) 0.00 0.01
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 -0.14
Interest Coverage Interest Coverage 0.00 860.86
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 84.52 -26.99
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -47.00 756.75
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -282.88 -53.03
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -124.15 -4.42
EBIT Growth (1y) % EBIT 1y % (Qtr) -279.12 -62.56
EBT Growth (1y) % EBT 1y % (Qtr) -279.12 -19.19
EPS Growth (1y) % EPS 1y % (Qtr) -203.85 -4.07
FCF Growth (1y) % FCF 1y % (Qtr) -132.97 -33.40
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -95.68 264.38
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.09 0.14
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.00
Cash Ratio Cash Ratio (Qtr) 0.99 3.81
Current Ratio Curr Ratio (Qtr) 3.93 7.25
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.43
Interest Cover Ratio Interest Cover Ratio 0.00 860.86
Times Interest Earned Times Interest Earned 0.00 860.86
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -896.90 -17,746.13
EBIT Margin % EBIT Margin % (Qtr) -900.01 -18,101.92
EBT Margin % EBT Margin % (Qtr) -900.01 -18,961.86
Gross Margin % Gross Margin % (Qtr) 4.00 -9.24
Net Profit Margin % Net Margin % (Qtr) -900.00 -18,911.61