Black Diamond Therapeutics, Inc. (NASDAQ: BDTX)

Sector: Healthcare Industry: Biotechnology CIK: 0001701541
P/B 1.25
P/E 7.34
P/S 2.25
Market Cap 157.84 Mn
ROIC (Qtr) 8.13
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 16.04 Mn
Debt/Equity (Qtr) 0.13

About

Black Diamond Therapeutics, Inc. (BDTX) is a clinical-stage oncology company operating in the biotechnology industry. The company is dedicated to developing MasterKey therapies, which are orally available, potent, and selective small molecule inhibitors that target families of oncogenic mutations in individual oncogenes for the treatment of cancer and genetic diseases. The company's main business activities revolve around the discovery, development, and commercialization of these targeted oncology therapies. Black Diamond Therapeutics operates...

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Analysis

Pros

  • Strong operating cash flow of 21.35M provides robust 1.33x coverage of total debt 16.04M, indicating excellent debt servicing capability and financial flexibility.
  • Strong tangible asset base of 157.73M provides 9.84x coverage of total debt 16.04M, indicating robust asset backing and low credit risk.
  • Short-term investments of 104.64M provide solid 7.18x coverage of other current liabilities 14.57M, indicating strong liquidity.
  • Tangible assets of 157.73M provide robust 10.83x coverage of other current liabilities 14.57M, indicating strong asset backing.
  • Operating cash flow of 21.35M provides solid 1.37x coverage of current liabilities 15.54M, showing strong operational health.

Cons

  • Operating cash flow of 21.35M barely covers its investment activities of (14.25M), with a coverage ratio of -1.50, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (14.25M) provide weak support for R&D spending of 39.56M, which is -0.36x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Short-term investments of 104.64M significantly exceed cash reserves of 31.69M, which is 3.30x, indicating potentially excessive yield-seeking behavior at the expense of liquidity.
  • Free cash flow of 21.38M provides weak coverage of capital expenditures of (32000), with a -668.06 ratio suggesting additional external financing needs for growth initiatives.
  • The company's operating cash flow of 21.35M shows concerning coverage of stock compensation expenses of 6.85M, with a 3.12 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 0.91 12.31
EV to Cash from Ops. 6.75 23.25
EV to Debt 8.98 738.44
EV to EBIT 6.70 -9.16
EV to EBITDA 11.80 6.95
EV to Free Cash Flow [EV/FCF] 6.74 21.90
EV to Market Cap 0.91 65.67
EV to Revenue 2.06 227.32
Price to Book Value [P/B] 1.25 22.34
Price to Earnings [P/E] 7.34 -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) % -62.79 -27.13
Cash and Equivalents Growth (1y) % 30.68 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % 129.41 -46.93
EBITDA Growth (1y) % 115.06 -1.68
EBIT Growth (1y) % 129.41 -56.45
EBT Growth (1y) % 129.41 -12.70
EPS Growth (1y) % 128.57 -28.31
FCF Growth (1y) % 134.98 -31.90
Gross Profit Growth (1y) % 0.00 226.84

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.44 0.14
Cash Payout Ratio 0.00 0.00
Cash Ratio 2.04 3.85
Current Ratio 8.94 7.27
Debt to Equity Ratio 0.13 0.40
Interest Cover Ratio 0.00 841.00
Times Interest Earned 0.00 841.00

Profitability

Metric Value Industry Percentile
EBITDA Margin % 31.20 -18,234.31
EBIT Margin % 30.71 -18,580.80
EBT Margin % 30.71 -19,488.74
Gross Margin % 100.00 -7.59
Net Profit Margin % 30.70 -19,439.22