Aclaris Therapeutics, Inc. (NASDAQ: ACRS)

Sector: Healthcare Industry: Biotechnology CIK: 0001557746
P/B 2.43
P/E -2.06
P/S 18.51
Market Cap 291.43 Mn
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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Analysis

Pros

  • 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.

Cons

  • 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.

Peer Comparison

Companies in the Biotechnology
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SMMT Summit Therapeutics Inc. 1,349.40 Bn -1,464.17 0.00 0.01 Bn
2 ONC BeOne Medicines Ltd. 437.43 Bn 6,381.20 87.97 1.90 Bn
3 VRTX Vertex Pharmaceuticals Inc / Ma 116.09 Bn 31.59 9.90 1.83 Bn
4 REGN Regeneron Pharmaceuticals, Inc. 78.10 Bn 17.06 5.48 2.71 Bn
5 ALNY Alnylam Pharmaceuticals, Inc. 55.87 Bn 1,282.42 17.40 3.21 Bn
6 ARGX Argenx Se 52.85 Bn 35.08 27,559.65 -
7 BNTC Benitec Biopharma Inc. 41.75 Bn -998.33 0.00 0.00 Bn
8 INSM INSMED Inc 37.80 Bn -31.93 84.56 0.74 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 1.52 12.31
EV to Cash from Ops. -6.20 23.25
EV to Debt 0.00 738.44
EV to EBIT -1.88 -9.16
EV to EBITDA -1.75 6.95
EV to Free Cash Flow [EV/FCF] -6.19 21.90
EV to Market Cap 0.91 65.67
EV to Revenue 16.90 227.32
Price to Book Value [P/B] 2.43 22.34
Price to Earnings [P/E] -2.06 -11.77

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 -11.94
Dividend Payout Ratio % 0.00 0.16
Dividend per Basic Share 0.00 0.01
FCF Dividend Payout Ratio % 0.00 -0.14
Interest Coverage 0.00 841.00

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 84.52 -27.13
Cash and Equivalents Growth (1y) % -47.00 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % -282.88 -46.93
EBITDA Growth (1y) % -124.15 -1.68
EBIT Growth (1y) % -279.12 -56.45
EBT Growth (1y) % -279.12 -12.70
EPS Growth (1y) % -203.85 -28.31
FCF Growth (1y) % -132.97 -31.90
Gross Profit Growth (1y) % -95.68 226.84

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.09 0.14
Cash Payout Ratio 0.00 0.00
Cash Ratio 0.99 3.85
Current Ratio 3.93 7.27
Debt to Equity Ratio 0.00 0.40
Interest Cover Ratio 0.00 841.00
Times Interest Earned 0.00 841.00

Profitability

Metric Value Industry Percentile
EBITDA Margin % -896.90 -18,234.31
EBIT Margin % -900.01 -18,580.80
EBT Margin % -900.01 -19,488.74
Gross Margin % 4.00 -7.59
Net Profit Margin % -900.00 -19,439.22