Agios Pharmaceuticals, Inc. (NASDAQ: AGIO)

Sector: Healthcare Industry: Biotechnology CIK: 0001439222
Market Cap 1.61 Bn
P/B 1.35
P/E -3.91
P/S 29.85
ROIC (Qtr) -36.51
Div Yield % 0.00
Rev 1y % (Qtr) 86.09
Total Debt (Qtr) 40.21 Mn
Debt/Equity (Qtr) 0.03
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About

Agios Pharmaceuticals, Inc. (AGIO), a company operating in the biopharmaceutical industry, specializes in the development of innovative treatments for rare diseases. Its primary focus is classical hematology, which entails the study and treatment of blood disorders that are non-cancerous. The company's pipeline includes several promising product candidates, such as PYRUKYND, which has been approved by the US Food and Drug Administration (FDA) for the treatment of hemolytic anemia in adults with pyruvate kinase (PK) deficiency. Agios' business is...

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Investment thesis

Bull case

  • Healthy cash reserves of 89.13M provide 4.85x coverage of short-term debt 18.39M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 1.30B provides 32.26x coverage of total debt 40.21M, indicating robust asset backing and low credit risk.
  • Long-term investments of 310.01M provide solid 14.21x coverage of long-term debt 21.82M, indicating strategic financial planning.
  • Short-term investments of 765.29M provide solid 16.83x coverage of other current liabilities 45.46M, indicating strong liquidity.
  • Tangible assets of 1.30B provide robust 28.54x coverage of other current liabilities 45.46M, indicating strong asset backing.

Bear case

  • Operating cash flow of (372.98M) barely covers its investment activities of 377.18M, with a coverage ratio of -0.99, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 377.18M provide weak support for R&D spending of 339.54M, which is 1.11x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Short-term investments of 765.29M significantly exceed cash reserves of 89.13M, which is 8.59x, indicating potentially excessive yield-seeking behavior at the expense of liquidity.
  • The company's operating cash flow of (372.98M) shows concerning coverage of stock compensation expenses of 52.55M, with a -7.10 ratio indicating potential earnings quality issues.
  • Free cash flow of (377.29M) provides weak coverage of capital expenditures of 4.32M, with a -87.42 ratio suggesting additional external financing needs for growth initiatives.

Geographical Breakdown of Revenue (2025)

Geographical Breakdown of Revenue (2025)

Peer comparison

Companies in the Biotechnology
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SMMT Summit Therapeutics Inc. 1,204.25 Bn -1,306.67 0.00 0.01 Bn
2 ONC BeOne Medicines Ltd. 486.51 Bn 7,097.20 97.84 1.90 Bn
3 VRTX Vertex Pharmaceuticals Inc / Ma 122.05 Bn 30.87 10.17 1.85 Bn
4 REGN Regeneron Pharmaceuticals, Inc. 83.00 Bn 18.42 5.79 2.71 Bn
5 ARGX Argenx Se 50.78 Bn 33.71 26,480.10 -
6 ALNY Alnylam Pharmaceuticals, Inc. 43.66 Bn 139.17 11.76 2.97 Bn
7 BNTC Benitec Biopharma Inc. 43.61 Bn -941.82 0.00 0.00 Bn
8 INSM INSMED Inc 28.88 Bn -24.40 64.61 0.74 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.21 11.06
EV to Cash from Ops. EV/CFO -4.20 26.32
EV to Debt EV to Debt 38.92 762.61
EV to EBIT EV/EBIT -3.78 -13.49
EV to EBITDA EV/EBITDA -3.44 8.61
EV to Free Cash Flow [EV/FCF] EV/FCF -4.15 25.66
EV to Market Cap EV to Market Cap 0.97 203.37
EV to Revenue EV/Rev 28.96 156.31
Price to Book Value [P/B] P/B 1.35 20.59
Price to Earnings [P/E] P/E -3.91 -0.88
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 -12.64
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 Int. cover (Qtr) 0.00 956.66
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -162.37 7.87
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 16.90 753.48
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -161.27 -57.63
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -194.58 8.83
EBIT Growth (1y) % EBIT 1y % (Qtr) -157.63 -67.21
EBT Growth (1y) % EBT 1y % (Qtr) -157.63 -23.74
EPS Growth (1y) % EPS 1y % (Qtr) -160.03 -7.02
FCF Growth (1y) % FCF 1y % (Qtr) 3.63 -40.48
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 47.47 264.51
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.04 0.14
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.00
Cash Ratio Cash Ratio (Qtr) 1.08 3.92
Current Ratio Curr Ratio (Qtr) 11.46 7.33
Debt to Equity Ratio Debt/Equity (Qtr) 0.03 0.48
Interest Cover Ratio Int Coverage (Qtr) 0.00 956.66
Times Interest Earned Times Interest Earned (Qtr) 0.00 956.66
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -733.30 -17,888.70
EBIT Margin % EBIT Margin % (Qtr) -765.89 -18,246.34
EBT Margin % EBT Margin % (Qtr) -765.89 -19,108.08
Gross Margin % Gross Margin % (Qtr) 88.30 -10.30
Net Profit Margin % Net Margin % (Qtr) -764.00 -19,056.96