Autolus Therapeutics plc (NASDAQ: AUTL)

Sector: Healthcare Industry: Biotechnology CIK: 0001730463
P/B 1.64
P/E -1.94
P/S 8.53
Market Cap 436.06 Mn
ROIC (Qtr) -44.01
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 325.18 Mn
Debt/Equity (Qtr) 1.23

About

Autolus Therapeutics plc, a biopharmaceutical company with the ticker symbol AUTL, operates in the healthcare industry, specifically focusing on developing next-generation programmed T cell therapies for the treatment of cancer and autoimmune diseases. Autolus' main business activities revolve around the development of T cell programming technologies, which enable the engineering of T cells to recognize and target specific cancer cells or autoimmune disease targets. The company generates revenue through the development and commercialization of...

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Analysis

Pros

  • Healthy cash reserves of 87.62M provide 7.17x coverage of short-term debt 12.23M, demonstrating strong liquidity position and minimal refinancing risk.
  • Operating cash flow of (254.18M) provides exceptional 14.95x coverage of interest expenses (17M), showing strong debt service capability.
  • Tangible assets of 641.66M provide exceptional 84.30x coverage of deferred revenue 7.61M, showing strong service capability backing.
  • Operating cash flow of (254.18M) fully covers other non-current liabilities (7.14M) by 35.60x, showing strong long-term stability.
  • Operating cash flow of (254.18M) provides strong 1171.33x coverage of operating expenses (217000), showing operational efficiency.

Cons

  • Operating cash flow of (254.18M) barely covers its investment activities of (311.67M), with a coverage ratio of 0.82, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (311.67M) provide weak support for R&D spending of 112.89M, which is -2.76x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (254.18M) provides insufficient coverage of deferred revenue obligations of 7.61M, which is -33.39x, raising concerns about future service delivery capabilities.
  • Short-term investments of 281.29M significantly exceed cash reserves of 87.62M, which is 3.21x, indicating potentially excessive yield-seeking behavior at the expense of liquidity.
  • The company's operating cash flow of (254.18M) shows concerning coverage of stock compensation expenses of 17.23M, with a -14.75 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 0.95 12.31
EV to Cash from Ops. -2.46 23.25
EV to Debt 1.92 738.44
EV to EBIT -2.64 -9.16
EV to EBITDA -2.40 6.95
EV to Free Cash Flow [EV/FCF] -2.19 21.90
EV to Market Cap 1.44 65.67
EV to Revenue 12.24 227.32
Price to Book Value [P/B] 1.64 22.34
Price to Earnings [P/E] -1.94 -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 13.95 841.00

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % -149.52 -27.13
Cash and Equivalents Growth (1y) % -86.69 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % -21.10 -46.93
EBITDA Growth (1y) % -26.06 -1.68
EBIT Growth (1y) % -18.64 -56.45
EBT Growth (1y) % 18.51 -12.70
EPS Growth (1y) % 31.97 -28.31
FCF Growth (1y) % -38.72 -31.90
Gross Profit Growth (1y) % -410.16 226.84

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.08 0.14
Cash Payout Ratio 0.00 0.00
Cash Ratio 1.05 3.85
Current Ratio 6.19 7.27
Debt to Equity Ratio 1.23 0.40
Interest Cover Ratio 13.95 841.00
Times Interest Earned 13.95 841.00

Profitability

Metric Value Industry Percentile
EBITDA Margin % -438.00 -18,234.31
EBIT Margin % -463.91 -18,580.80
EBT Margin % -430.66 -19,488.74
Gross Margin % -61.20 -7.59
Net Profit Margin % -439.70 -19,439.22