Enliven Therapeutics, Inc. (NASDAQ: ELVN)

Sector: Healthcare Industry: Biotechnology CIK: 0001672619
Market Cap 1.55 Bn
P/B 3.26
P/E -15.99
P/S 0.00
ROIC (Qtr) -23.28
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Enliven Therapeutics, Inc., a clinical-stage biopharmaceutical company, is dedicated to the discovery and development of small molecule inhibitors to improve the lives of cancer patients. Operating in the biotechnology industry, Enliven Therapeutics focuses on addressing unmet needs in oncology through a precision approach that enhances survival and overall well-being. The company's main business activities involve the discovery and development of small molecule kinase inhibitors that target specific biological pathways and mechanisms involved...

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Price action

Investment thesis

Bull case

  • Short-term investments of 375.83M provide solid 28.43x coverage of other current liabilities 13.22M, indicating strong liquidity.
  • Tangible assets of 490.88M provide robust 37.13x coverage of other current liabilities 13.22M, indicating strong asset backing.
  • Cash reserves of 101.73M provide solid 987.69x coverage of other non-current liabilities 103000, indicating strong liquidity.
  • Strong cash position of 101.73M provides 7.69x coverage of other current liabilities 13.22M, indicating excellent liquidity.
  • Cash reserves of 101.73M provide robust 6.94x coverage of current liabilities 14.65M, indicating strong short-term solvency.

Bear case

  • Operating cash flow of (71.67M) barely covers its investment activities of (185.49M), with a coverage ratio of 0.39, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (185.49M) provide weak support for R&D spending of 85.33M, which is -2.17x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Short-term investments of 375.83M significantly exceed cash reserves of 101.73M, which is 3.69x, indicating potentially excessive yield-seeking behavior at the expense of liquidity.
  • The company's operating cash flow of (71.67M) shows concerning coverage of stock compensation expenses of 27.05M, with a -2.65 ratio indicating potential earnings quality issues.
  • Free cash flow of (71.82M) provides weak coverage of capital expenditures of 158000, with a -454.58 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. 1,151.25 Bn -1,249.17 0.00 0.01 Bn
2 ONC BeOne Medicines Ltd. 485.22 Bn 7,078.40 97.58 1.90 Bn
3 VRTX Vertex Pharmaceuticals Inc / Ma 122.74 Bn 33.40 10.47 1.83 Bn
4 REGN Regeneron Pharmaceuticals, Inc. 82.16 Bn 18.24 5.73 2.71 Bn
5 ARGX Argenx Se 48.85 Bn 32.43 25,472.44 -
6 ALNY Alnylam Pharmaceuticals, Inc. 46.12 Bn 1,058.58 14.37 3.21 Bn
7 BNTC Benitec Biopharma Inc. 42.24 Bn -1,010.00 0.00 0.00 Bn
8 INSM INSMED Inc 28.75 Bn -24.29 64.32 0.74 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 2.92 11.11
EV to Cash from Ops. EV/CFO -20.02 26.32
EV to Debt EV to Debt 0.00 688.48
EV to EBIT EV/EBIT -14.76 -10.97
EV to EBITDA EV/EBITDA -12.85 8.32
EV to Free Cash Flow [EV/FCF] EV/FCF -19.98 25.03
EV to Market Cap EV to Market Cap 0.92 163.46
EV to Revenue EV to Revenue 0.00 148.57
Price to Book Value [P/B] P/B 3.26 20.73
Price to Earnings [P/E] P/E -15.99 -0.34
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 -12.47
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 0.17
Dividend per Basic Share Div per Share (Qtr) 0.00 0.01
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 -0.14
Interest Coverage Interest Coverage 0.00 860.86
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -172.41 -26.99
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 1.05 756.75
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -14.07 -53.03
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -11.90 -4.42
EBIT Growth (1y) % EBIT 1y % (Qtr) -14.39 -62.56
EBT Growth (1y) % EBT 1y % (Qtr) -14.39 -19.19
EPS Growth (1y) % EPS 1y % (Qtr) 2.65 -4.07
FCF Growth (1y) % FCF 1y % (Qtr) -4.81 -33.40
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 264.38
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.14
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.00
Cash Ratio Cash Ratio (Qtr) 6.94 3.81
Current Ratio Curr Ratio (Qtr) 32.95 7.25
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.43
Interest Cover Ratio Interest Cover Ratio 0.00 860.86
Times Interest Earned Times Interest Earned 0.00 860.86
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -17,746.13
EBIT Margin % EBIT Margin % 0.00 -18,101.92
EBT Margin % EBT Margin % 0.00 -18,961.86
Gross Margin % Gross Margin % 0.00 -9.24
Net Profit Margin % Net Profit Margin % 0.00 -18,911.61