uniQure N.V. (NASDAQ: QURE)

Sector: Healthcare Industry: Biotechnology CIK: 0001590560
P/B 4.57
P/E -4.44
P/S 66.35
Market Cap 1.05 Bn
ROIC (Qtr) -31.55
Div Yield % 0.00
Rev 1y % (Qtr) 61.83
Total Debt (Qtr) 531.66 Mn
Debt/Equity (Qtr) 2.32

About

uniQure N.V., a prominent player in the gene therapy sector, is committed to providing patients with rare and severe diseases a one-time treatment option that could potentially cure their condition. The company's primary focus lies in developing innovative gene therapies, with clinical candidates targeting Huntington's disease, amyotrophic lateral sclerosis (ALS), refractory mesial temporal lobe epilepsy (MTLE), and Fabry disease. uniQure's main business activities revolve around the development of gene therapies using its cutting-edge technology...

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Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 597.06M provide 152.54x coverage of short-term debt 3.91M, demonstrating strong liquidity position and minimal refinancing risk.
  • Operating cash flow of (153.24M) provides strong 25.48x coverage of operating expenses (6.01M), showing operational efficiency.
  • Tangible assets of 788.91M provide robust 8.72x coverage of other current liabilities 90.49M, indicating strong asset backing.
  • Cash reserves of 597.06M provide robust 5.93x coverage of current liabilities 100.63M, indicating strong short-term solvency.
  • Cash reserves of 597.06M provide solid 19.10x coverage of other non-current liabilities 31.26M, indicating strong liquidity.

Cons

  • Operating cash flow of (153.24M) barely covers its investment activities of 93.13M, with a coverage ratio of -1.65, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 93.13M provide weak support for R&D spending of 144.73M, which is 0.64x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (153.24M) shows concerning coverage of stock compensation expenses of 17.77M, with a -8.63 ratio indicating potential earnings quality issues.
  • Free cash flow of (153.62M) provides weak coverage of capital expenditures of 381000, with a -403.20 ratio suggesting additional external financing needs for growth initiatives.
  • Operating cash flow of (153.24M) provides minimal -14.73x coverage of tax expenses of 10.40M, suggesting potential tax planning inefficiencies or unsustainable tax positions.

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 1.48 12.31
EV to Cash from Ops. -8.57 23.25
EV to Debt 2.47 738.44
EV to EBIT -8.08 -9.16
EV to EBITDA -8.01 6.95
EV to Free Cash Flow [EV/FCF] -8.55 21.90
EV to Market Cap 1.26 65.67
EV to Revenue 83.37 227.32
Price to Book Value [P/B] 4.57 22.34
Price to Earnings [P/E] -4.44 -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 -2.61 841.00

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 97.21 -27.13
Cash and Equivalents Growth (1y) % 137.28 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % 2.13 -46.93
EBITDA Growth (1y) % 12.69 -1.68
EBIT Growth (1y) % 4.62 -56.45
EBT Growth (1y) % 4.32 -12.70
EPS Growth (1y) % 11.49 -28.31
FCF Growth (1y) % 20.44 -31.90
Gross Profit Growth (1y) % 579.11 226.84

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.02 0.14
Cash Payout Ratio 0.00 0.00
Cash Ratio 5.93 3.85
Current Ratio 7.12 7.27
Debt to Equity Ratio 2.32 0.40
Interest Cover Ratio -2.61 841.00
Times Interest Earned -2.61 841.00

Profitability

Metric Value Industry Percentile
EBITDA Margin % -928.80 -18,234.31
EBIT Margin % -1,031.34 -18,580.80
EBT Margin % -1,426.85 -19,488.74
Gross Margin % 88.10 -7.59
Net Profit Margin % -1,492.90 -19,439.22