BullFrog AI Holdings, Inc. (NASDAQ: BFRG)

Sector: Healthcare Industry: Health Information Services CIK: 0001829247
Market Cap 6.56 Mn
P/B 3.38
P/E -0.97
P/S 56.27
ROIC (Qtr) -319.46
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 55,606.00
Debt/Equity (Qtr) 0.03

About

BullFrog AI Holdings, Inc. (BFRG) is a biotechnology company that leverages artificial intelligence and machine learning (AI/ML) to develop innovative therapeutics and diagnostic tools. The company's primary business activities revolve around the development and commercialization of advanced medicines for various diseases, utilizing its proprietary AI/ML platform, bfLEAP. BullFrog AI Holdings generates revenue through contract services, collaborative arrangements, and the acquisition of rights to certain drugs. Its primary products include the...

Read more

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 2.10M provide 37.69x coverage of short-term debt 55606, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 2.70M provides 48.60x coverage of total debt 55606, indicating robust asset backing and low credit risk.
  • Tangible assets of 2.70M provide robust 5.05x coverage of other current liabilities 534883, indicating strong asset backing.
  • Cash reserves of 2.10M provide robust 2.76x coverage of current liabilities 758701, indicating strong short-term solvency.
  • Strong cash position of 2.10M provides 3.92x coverage of other current liabilities 534883, indicating excellent liquidity.

Bear case

  • Investment activities of 0 provide weak support for R&D spending of 1.99M, which is 0x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (5.61M) shows concerning coverage of stock compensation expenses of 1.07M, with a -5.24 ratio indicating potential earnings quality issues.
  • Operating earnings of (6.73M) show weak coverage of depreciation charges of 1725, with a -3898.91 ratio indicating high capital intensity and potential reinvestment needs.
  • Long-term investments of 58335 represent a high 19.73x of fixed assets 2956, indicating potential overexposure to financial assets versus operational capabilities.
  • High financing cash flow of 3.47M relative to working capital of 1.78M, which is 1.95x suggests concerning dependence on external funding for operational needs.

Peer comparison

Companies in the Health Information Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 TEM Tempus AI, Inc. 45.63 Bn -223.83 41.29 1.34 Bn
2 GEHC GE HealthCare Technologies Inc. 38.75 Bn 19.85 2.19 10.28 Bn
3 VEEV Veeva Systems Inc 37.30 Bn 43.36 12.11 0.09 Bn
4 DOCS Doximity, Inc. 7.81 Bn 30.87 12.57 0.01 Bn
5 BTSG BrightSpring Health Services, Inc. 7.70 Bn 59.42 0.62 2.70 Bn
6 HQY Healthequity, Inc. 7.32 Bn 38.14 5.67 1.03 Bn
7 WAY Waystar Holding Corp. 5.00 Bn 44.97 4.81 1.25 Bn
8 PRVA Privia Health Group, Inc. 2.79 Bn 153.67 1.37 0.01 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.52 2.77
EV to Cash from Ops. EV/CFO -0.73 -10.86
EV to Debt EV to Debt 73.67 161.93
EV to EBIT EV/EBIT -0.61 -106.48
EV to EBITDA EV/EBITDA -0.60 4.22
EV to Free Cash Flow [EV/FCF] EV/FCF -0.73 7.46
EV to Market Cap EV to Market Cap 0.62 -14.93
EV to Revenue EV/Rev 35.11 1.76
Price to Book Value [P/B] P/B 3.38 10.57
Price to Earnings [P/E] P/E -0.97 147.14
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) -239.65 -8.65
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 5.00
Dividend per Basic Share Div per Share (Qtr) 0.00 0.04
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 4.57
Interest Coverage Int. cover (Qtr) -958.75 -584.72
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -24.09
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -50.56 172.48
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -1.05
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -2.56 -17.73
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -0.90 39.85
EBIT Growth (1y) % EBIT 1y % (Qtr) -2.56 -38.83
EBT Growth (1y) % EBT 1y % (Qtr) -2.38 -4.52
EPS Growth (1y) % EPS 1y % (Qtr) 18.82 2.60
FCF Growth (1y) % FCF 1y % (Qtr) -4.72 -48.57
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 5.49
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.04 0.66
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 2.76 1.87
Current Ratio Curr Ratio (Qtr) 3.34 3.27
Debt to Equity Ratio Debt/Equity (Qtr) 0.03 -0.43
Interest Cover Ratio Int Coverage (Qtr) -958.75 -584.72
Times Interest Earned Times Interest Earned (Qtr) -958.75 -584.72
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -5,763.20 -435.80
EBIT Margin % EBIT Margin % (Qtr) -5,764.65 -464.70
EBT Margin % EBT Margin % (Qtr) -5,770.67 -461.74
Gross Margin % Gross Margin % (Qtr) 18.80 44.03
Net Profit Margin % Net Margin % (Qtr) -5,794.80 -468.01