Lexeo Therapeutics, Inc. (NASDAQ: LXEO)

Sector: Healthcare Industry: Biotechnology CIK: 0001907108
P/B 3.14
P/E -3.62
P/S 0.00
Market Cap 379.82 Mn
ROIC (Qtr) -82.14
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 8.46 Mn
Debt/Equity (Qtr) 0.07

About

Lexeo Therapeutics, Inc. (LXEO) operates in the genetic medicine industry, focusing on developing gene therapies for devastating diseases such as cardiovascular conditions and APOE4-associated Alzheimer's disease. The company's main business activities revolve around researching and creating gene therapy candidates to target specific diseases or indications. Lexeo's work spans across various regions, as it develops and tests its gene therapy candidates in-house and through strategic collaborations with world-class academic institutions like Weill...

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Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 44.24M provide 16.30x coverage of short-term debt 2.71M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 143.84M provides 17.01x coverage of total debt 8.46M, indicating robust asset backing and low credit risk.
  • Tangible assets of 143.84M provide robust 14.53x coverage of other current liabilities 9.90M, indicating strong asset backing.
  • Short-term investments of 81.77M provide solid 8.26x coverage of other current liabilities 9.90M, indicating strong liquidity.
  • Long-term investments of 3.39M provide solid 0.59x coverage of long-term debt 5.74M, indicating strategic financial planning.

Cons

  • Investment activities of (82.15M) provide weak support for R&D spending of 65.95M, which is -1.25x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (106.81M) shows concerning coverage of stock compensation expenses of 12.93M, with a -8.26 ratio indicating potential earnings quality issues.
  • Free cash flow of (107.20M) provides weak coverage of capital expenditures of 397000, with a -270.04 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (104.86M) show weak coverage of depreciation charges of 2.06M, with a -50.85 ratio indicating high capital intensity and potential reinvestment needs.
  • Retained earnings of (359.21M) provide limited buffer against comprehensive income items of 89000, which is -4036.12x, indicating elevated exposure to market risks.

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 2.43 12.31
EV to Cash from Ops. -3.28 23.25
EV to Debt 41.39 738.44
EV to EBIT -3.34 -9.16
EV to EBITDA -3.14 6.95
EV to Free Cash Flow [EV/FCF] -3.26 21.90
EV to Market Cap 0.92 65.67
EV to Revenue 0.00 227.32
Price to Book Value [P/B] 3.14 22.34
Price to Earnings [P/E] -3.62 -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 -998.68 841.00

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 28.34 -27.13
Cash and Equivalents Growth (1y) % -72.39 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % -21.31 -46.93
EBITDA Growth (1y) % -21.97 -1.68
EBIT Growth (1y) % -21.31 -56.45
EBT Growth (1y) % -21.21 -12.70
EPS Growth (1y) % -115.39 -28.31
FCF Growth (1y) % -59.15 -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 2.56 3.85
Current Ratio 7.40 7.27
Debt to Equity Ratio 0.07 0.40
Interest Cover Ratio -998.68 841.00
Times Interest Earned -998.68 841.00

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