Dyne Therapeutics, Inc. (NASDAQ: DYN)

Sector: Healthcare Industry: Biotechnology CIK: 0001818794
P/B 3.23
P/E -5.27
P/S 0.00
Market Cap 2.23 Bn
ROIC (Qtr) -59.70
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 120.47 Mn
Debt/Equity (Qtr) 0.17

About

Dyne Therapeutics, Inc. (DYN), a clinical-stage muscle disease company, operates in the biotechnology industry with a focus on developing innovative life-transforming therapeutics for people living with genetically driven diseases. The company's proprietary FORCE platform is designed to overcome the current limitations of muscle tissue delivery and advance modern oligonucleotide therapeutics for muscle diseases. Dyne Therapeutics' main business activities revolve around the development and commercialization of its product candidates, including...

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Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 573.61M provide 113.83x coverage of short-term debt 5.04M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 867.06M provides 7.20x coverage of total debt 120.47M, indicating robust asset backing and low credit risk.
  • Short-term investments of 218.28M provide solid 5.11x coverage of other current liabilities 42.75M, indicating strong liquidity.
  • Tangible assets of 867.06M provide robust 20.28x coverage of other current liabilities 42.75M, indicating strong asset backing.
  • Strong cash position of 573.61M provides 13.42x coverage of other current liabilities 42.75M, indicating excellent liquidity.

Cons

  • Investment activities of (45.74M) provide weak support for R&D spending of 384.71M, which is -0.12x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (375.71M) shows concerning coverage of stock compensation expenses of 45.10M, with a -8.33 ratio indicating potential earnings quality issues.
  • Free cash flow of (397.01M) provides weak coverage of capital expenditures of 21.30M, with a -18.64 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (420.80M) show weak coverage of depreciation charges of 2.24M, with a -187.69 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of (397.01M) represents just -4.04x of debt issuance 98.25M, 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 2.15 12.31
EV to Cash from Ops. -4.97 23.25
EV to Debt 15.50 738.44
EV to EBIT -4.44 -9.16
EV to EBITDA -4.18 6.95
EV to Free Cash Flow [EV/FCF] -4.70 21.90
EV to Market Cap 0.84 65.67
EV to Revenue 0.00 227.32
Price to Book Value [P/B] 3.23 22.34
Price to Earnings [P/E] -5.27 -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 -140.36 841.00

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % -1,440.20 -27.13
Cash and Equivalents Growth (1y) % 7.40 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % -42.88 -46.93
EBITDA Growth (1y) % -43.13 -1.68
EBIT Growth (1y) % -42.88 -56.45
EBT Growth (1y) % -43.90 -12.70
EPS Growth (1y) % -2.81 -28.31
FCF Growth (1y) % -62.43 -31.90
Gross Profit Growth (1y) % 0.00 226.84

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.00 0.14
Cash Payout Ratio 0.00 0.00
Cash Ratio 9.58 3.85
Current Ratio 13.47 7.27
Debt to Equity Ratio 0.17 0.40
Interest Cover Ratio -140.36 841.00
Times Interest Earned -140.36 841.00

Profitability

Metric Value Industry Percentile
EBITDA Margin % 0.00 -18,234.31
EBIT Margin % 0.00 -18,580.80
EBT Margin % 0.00 -19,488.74
Gross Margin % 0.00 -7.59
Net Profit Margin % 0.00 -19,439.22