Sana Biotechnology, Inc. (NASDAQ: SANA)

Sector: Healthcare Industry: Biotechnology CIK: 0001770121
P/B 6.36
P/E -5.30
P/S 0.00
Market Cap 1.24 Bn
ROIC (Qtr) -98.84
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 82.24 Mn
Debt/Equity (Qtr) 0.42

About

Sana Biotechnology, Inc., a prominent player in the biotechnology industry, operates under the ticker symbol SANA. The company is at the forefront of developing engineered cells as medicines, with a focus on transforming the treatment of various diseases by harnessing the power of these cells. Sana Biotechnology's primary business activities revolve around the development of ex vivo and in vivo cell engineering platforms. These platforms aim to treat human diseases by engrafting new cells to replace damaged, diseased, or missing cells in patients....

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Analysis

Pros

  • Healthy cash reserves of 107.55M provide 7.49x coverage of short-term debt 14.37M, demonstrating strong liquidity position and minimal refinancing risk.
  • Robust free cash flow of (158.08M) exceeds capital expenditure of (270000) by 585.47x, indicating strong organic growth funding capability.
  • Strong tangible asset base of 235.61M provides 2.87x coverage of total debt 82.24M, indicating robust asset backing and low credit risk.
  • Short-term investments of 49.70M provide solid 2.58x coverage of other current liabilities 19.29M, indicating strong liquidity.
  • Tangible assets of 235.61M provide robust 12.22x coverage of other current liabilities 19.29M, indicating strong asset backing.

Cons

  • Operating cash flow of (158.35M) barely covers its investment activities of 23.35M, with a coverage ratio of -6.78, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 23.35M provide weak support for R&D spending of 145.99M, which is 0.16x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (158.35M) shows concerning coverage of stock compensation expenses of 25.56M, with a -6.19 ratio indicating potential earnings quality issues.
  • Operating earnings of (234.41M) show weak coverage of depreciation charges of 24.35M, with a -9.63 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (158.35M) barely covers operating expenses of 44.61M with a -3.55 ratio, suggesting thin operational efficiency margins and limited flexibility.

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 2.88 12.31
EV to Cash from Ops. -7.91 23.25
EV to Debt 15.23 738.44
EV to EBIT -5.34 -9.16
EV to EBITDA -5.81 6.95
EV to Free Cash Flow [EV/FCF] -7.92 21.90
EV to Market Cap 1.01 65.67
EV to Revenue 0.00 227.32
Price to Book Value [P/B] 6.36 22.34
Price to Earnings [P/E] -5.30 -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) % 100.57 -27.13
Cash and Equivalents Growth (1y) % -17.79 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % 23.35 -46.93
EBITDA Growth (1y) % 22.65 -1.68
EBIT Growth (1y) % 23.35 -56.45
EBT Growth (1y) % 23.35 -12.70
EPS Growth (1y) % 30.71 -28.31
FCF Growth (1y) % 42.52 -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 3.03 3.85
Current Ratio 4.56 7.27
Debt to Equity Ratio 0.42 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