Altimmune, Inc. (NASDAQ: ALT)

Sector: Healthcare Industry: Biotechnology CIK: 0001326190
P/B 2.23
P/E -4.93
P/S 27,553.40
Market Cap 413.30 Mn
ROIC (Qtr) -48.15
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 14.45 Mn
Debt/Equity (Qtr) 0.08

About

Altimmune, Inc. (ALT), a clinical-stage biopharmaceutical company, operates in the healthcare sector, specifically focusing on developing treatments for obesity and liver diseases. The company's main business activities involve the research, development, and commercialization of innovative therapeutics. Altimmune operates primarily in the United States, with additional operations in the United Kingdom and South Korea, where it conducts clinical trials for its product candidates. The company generates revenue primarily from the development of its...

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Analysis

Pros

  • Strong tangible asset base of 218.45M provides 15.12x coverage of total debt 14.45M, indicating robust asset backing and low credit risk.
  • Short-term investments of 149.54M provide solid 19.17x coverage of other current liabilities 7.80M, indicating strong liquidity.
  • Tangible assets of 218.45M provide robust 28x coverage of other current liabilities 7.80M, indicating strong asset backing.
  • Cash reserves of 61.28M provide robust 4.86x coverage of current liabilities 12.61M, indicating strong short-term solvency.
  • Cash reserves of 61.28M provide solid 10.57x coverage of other non-current liabilities 5.79M, indicating strong liquidity.

Cons

  • Investment activities of (39.68M) provide weak support for R&D spending of 67.80M, which is -0.59x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (66.35M) shows concerning coverage of stock compensation expenses of 14.49M, with a -4.58 ratio indicating potential earnings quality issues.
  • Free cash flow of (66.36M) provides weak coverage of capital expenditures of 10000, with a -6636.20 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (83.83M) show weak coverage of depreciation charges of 119000, with a -704.50 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of (66.36M) represents just -4.65x of debt issuance 14.27M, suggesting concerning reliance on leverage rather than internal cash generation for growth.

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 1.12 12.31
EV to Cash from Ops. -3.68 23.25
EV to Debt 16.93 738.44
EV to EBIT -2.92 -9.16
EV to EBITDA -2.71 6.95
EV to Free Cash Flow [EV/FCF] -3.68 21.90
EV to Market Cap 0.59 65.67
EV to Revenue 16,299.07 227.32
Price to Book Value [P/B] 2.23 22.34
Price to Earnings [P/E] -4.93 -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 -110.16 841.00

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 0.00 -27.13
Cash and Equivalents Growth (1y) % 94.43 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % 19.66 -46.93
EBITDA Growth (1y) % 19.05 -1.68
EBIT Growth (1y) % 19.01 -56.45
EBT Growth (1y) % 18.28 -12.70
EPS Growth (1y) % 31.85 -28.31
FCF Growth (1y) % 15.05 -31.90
Gross Profit Growth (1y) % -68.09 226.84

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.00 0.14
Cash Payout Ratio 0.00 0.00
Cash Ratio 4.86 3.85
Current Ratio 17.18 7.27
Debt to Equity Ratio 0.08 0.40
Interest Cover Ratio -110.16 841.00
Times Interest Earned -110.16 841.00

Profitability

Metric Value Industry Percentile
EBITDA Margin % -558,106.70 -18,234.31
EBIT Margin % -558,900.00 -18,580.80
EBT Margin % -563,973.33 -19,488.74
Gross Margin % 100.00 -7.59
Net Profit Margin % -559,433.30 -19,439.22