Solid Biosciences Inc. (NASDAQ: SLDB)

Sector: Healthcare Industry: Biotechnology CIK: 0001707502
P/B 1.79
P/E -2.34
P/S 0.00
Market Cap 390.87 Mn
ROIC (Qtr) -65.12
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 21.94 Mn
Debt/Equity (Qtr) 0.10

About

Solid Biosciences Inc., known by its ticker symbol SLDB, is a life sciences company that specializes in the development and commercialization of gene therapy candidates for the treatment of various diseases (SEC Filing). The company operates within the biotechnology industry, focusing on advancing a diverse pipeline of gene therapy candidates that target rare neuromuscular and cardiac conditions. Solid Biosciences conducts its operations primarily in the United States. The company's main business activities revolve around the development of gene...

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Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 61.36M provide 26.53x coverage of short-term debt 2.31M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 273.91M provides 12.49x coverage of total debt 21.94M, indicating robust asset backing and low credit risk.
  • Short-term investments of 174.78M provide solid 6.83x coverage of other current liabilities 25.60M, indicating strong liquidity.
  • Tangible assets of 273.91M provide robust 10.70x coverage of other current liabilities 25.60M, indicating strong asset backing.
  • Cash reserves of 61.36M provide robust 1.69x coverage of current liabilities 36.34M, indicating strong short-term solvency.

Cons

  • Investment activities of (66.90M) provide weak support for R&D spending of 132.96M, which is -0.50x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (132.38M) shows concerning coverage of stock compensation expenses of 14.23M, with a -9.30 ratio indicating potential earnings quality issues.
  • Free cash flow of (133.17M) provides weak coverage of capital expenditures of 787000, with a -169.21 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (166.60M) show weak coverage of depreciation charges of 3.98M, with a -41.84 ratio indicating high capital intensity and potential reinvestment needs.
  • Retained earnings of (907.99M) provide limited buffer against comprehensive income items of 48000, which is -18916.42x, 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 1.00 12.31
EV to Cash from Ops. -2.08 23.25
EV to Debt 12.54 738.44
EV to EBIT -1.65 -9.16
EV to EBITDA -1.66 6.95
EV to Free Cash Flow [EV/FCF] -2.06 21.90
EV to Market Cap 0.70 65.67
EV to Revenue 0.00 227.32
Price to Book Value [P/B] 1.79 22.34
Price to Earnings [P/E] -2.34 -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 -309.08 841.00

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % -45.74 -27.13
Cash and Equivalents Growth (1y) % -4.71 734.65
Dividend Growth (1y) % 0.00 0.01
EBIAT Growth (1y) % -62.96 -46.93
EBITDA Growth (1y) % -54.24 -1.68
EBIT Growth (1y) % -62.96 -56.45
EBT Growth (1y) % -63.16 -12.70
EPS Growth (1y) % 17.43 -28.31
FCF Growth (1y) % -45.17 -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 1.69 3.85
Current Ratio 6.74 7.27
Debt to Equity Ratio 0.10 0.40
Interest Cover Ratio -309.08 841.00
Times Interest Earned -309.08 841.00

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