Immuneering Corp (NASDAQ: IMRX)

Sector: Healthcare Industry: Biotechnology CIK: 0001790340
P/B 0.93
P/E -3.40
P/S 0.00
Market Cap 212.28 Mn
ROIC (Qtr) -48.47
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 3.92 Mn
Debt/Equity (Qtr) 0.02

About

Immuneering Corp, a clinical-stage oncology company, is dedicated to the development and commercialization of universal-RAS/RAF medicines for broad populations of cancer patients. The company's mission is to achieve universal-RAS activity through deep cyclic inhibition of the MAPK pathway, impacting cancer cells while sparing healthy cells. Immuneering's approach is designed to include patients with solid tumors driven by any activation mutation in KRAS, NRAS, HRAS, or BRAF. The company's platform is enabled by two key elements: bioinformatics...

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Analysis

Pros

  • Healthy cash reserves of 227.56M provide 596.09x coverage of short-term debt 381760, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 234.04M provides 59.76x coverage of total debt 3.92M, indicating robust asset backing and low credit risk.
  • Tangible assets of 234.04M provide robust 30.94x coverage of other current liabilities 7.56M, indicating strong asset backing.
  • Cash reserves of 227.56M provide robust 23.84x coverage of current liabilities 9.55M, indicating strong short-term solvency.
  • Strong cash position of 227.56M provides 30.09x coverage of other current liabilities 7.56M, indicating excellent liquidity.

Cons

  • Operating cash flow of (50.01M) barely covers its investment activities of 5.47M, with a coverage ratio of -9.14, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 5.47M provide weak support for R&D spending of 47.65M, which is 0.11x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (50.01M) shows concerning coverage of stock compensation expenses of 6.40M, with a -7.82 ratio indicating potential earnings quality issues.
  • Free cash flow of (50.04M) provides weak coverage of capital expenditures of 27672, with a -1808.40 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (62.50M) show weak coverage of depreciation charges of 700883, with a -89.17 ratio indicating high capital intensity and potential reinvestment needs.

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 0.79 12.31
EV to Cash from Ops. -3.80 23.25
EV to Debt 48.50 738.44
EV to EBIT -3.04 -9.16
EV to EBITDA -2.99 6.95
EV to Free Cash Flow [EV/FCF] -3.80 21.90
EV to Market Cap 0.89 65.67
EV to Revenue 0.00 227.32
Price to Book Value [P/B] 0.93 22.34
Price to Earnings [P/E] -3.40 -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) % 88.77 -27.13
Cash and Equivalents Growth (1y) % 403.40 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % -7.63 -46.93
EBITDA Growth (1y) % -3.91 -1.68
EBIT Growth (1y) % -7.63 -56.45
EBT Growth (1y) % -7.63 -12.70
EPS Growth (1y) % 9.14 -28.31
FCF Growth (1y) % 4.70 -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 23.84 3.85
Current Ratio 24.00 7.27
Debt to Equity Ratio 0.02 0.40
Interest Cover Ratio 0.00 841.00
Times Interest Earned 0.00 841.00

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