DBV Technologies S.A. (NASDAQ: DBVT)

Sector: Healthcare Industry: Biotechnology CIK: 0001613780
P/B 8.44
P/E -3.57
P/S 81.11
Market Cap 446.35 Mn
ROIC (Qtr) -162.97
Div Yield % 0.00
Rev 1y % (Qtr) 158.77
Total Debt (Qtr) 7.69 Mn
Debt/Equity (Qtr) 0.15

About

DBV Technologies S.A., often recognized by its ticker symbol DBVT, operates within the biopharmaceutical industry. This clinical-stage company is dedicated to developing a unique technology platform, Viaskin, aimed at treating children suffering from food allergies through a novel method called epicutaneous immunotherapy (EPIT). EPIT involves delivering biologically active compounds to the immune system through intact skin, using Viaskin, an epicutaneous patch. DBV Technologies' primary focus lies in the development and commercialization of its...

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Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 69.84M provide 69.77x coverage of short-term debt 1M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 110.47M provides 14.36x coverage of total debt 7.69M, indicating robust asset backing and low credit risk.
  • Tangible assets of 110.47M provide robust 12.75x coverage of other current liabilities 8.67M, indicating strong asset backing.
  • Cash reserves of 69.84M provide robust 1.41x coverage of current liabilities 49.48M, indicating strong short-term solvency.
  • Cash reserves of 69.84M provide solid 47.64x coverage of other non-current liabilities 1.47M, indicating strong liquidity.

Cons

  • Operating cash flow of (98.26M) barely covers its investment activities of 139000, with a coverage ratio of -706.91, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 139000 provide weak support for R&D spending of 102.69M, which is 0x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (98.26M) shows concerning coverage of stock compensation expenses of 3.01M, with a -32.64 ratio indicating potential earnings quality issues.
  • Operating cash flow of (98.26M) provides minimal -792.42x coverage of tax expenses of 124000, suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • Free cash flow of (98.29M) provides weak coverage of capital expenditures of 34000, with a -2891 ratio suggesting additional external financing needs for growth initiatives.

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 3.18 12.31
EV to Cash from Ops. -3.57 23.25
EV to Debt 45.62 738.44
EV to EBIT -2.81 -9.16
EV to EBITDA -2.86 6.95
EV to Free Cash Flow [EV/FCF] -3.57 21.90
EV to Market Cap 0.79 65.67
EV to Revenue 63.75 227.32
Price to Book Value [P/B] 8.44 22.34
Price to Earnings [P/E] -3.57 -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) % 98.79 -27.13
Cash and Equivalents Growth (1y) % 50.38 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % -22.57 -46.93
EBITDA Growth (1y) % -4.77 -1.68
EBIT Growth (1y) % -22.50 -56.45
EBT Growth (1y) % -22.50 -12.70
EPS Growth (1y) % 1.90 -28.31
FCF Growth (1y) % 9.59 -31.90
Gross Profit Growth (1y) % -56.03 226.84

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.05 0.14
Cash Payout Ratio 0.00 0.00
Cash Ratio 1.41 3.85
Current Ratio 1.80 7.27
Debt to Equity Ratio 0.15 0.40
Interest Cover Ratio 0.00 841.00
Times Interest Earned 0.00 841.00

Profitability

Metric Value Industry Percentile
EBITDA Margin % -2,214.60 -18,234.31
EBIT Margin % -2,271.65 -18,580.80
EBT Margin % -2,271.65 -19,488.74
Gross Margin % 100.00 -7.59
Net Profit Margin % -2,273.90 -19,439.22