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PASSAGE BIO INC (PASG) Stock Fundamental Analysis

NASDAQ:PASG - Nasdaq - US7027121000 - Common Stock - Currency: USD

0.5991  -0.01 (-1.79%)

After market: 0.5901 -0.01 (-1.5%)

Fundamental Rating

2

Taking everything into account, PASG scores 2 out of 10 in our fundamental rating. PASG was compared to 572 industry peers in the Biotechnology industry. The financial health of PASG is average, but there are quite some concerns on its profitability. PASG does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

PASG had negative earnings in the past year.
PASG had a negative operating cash flow in the past year.
In the past 5 years PASG always reported negative net income.
PASG had a negative operating cash flow in each of the past 5 years.
PASG Yearly Net Income VS EBIT VS OCF VS FCFPASG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 -50M -100M -150M

1.2 Ratios

PASG has a Return On Assets (-61.56%) which is in line with its industry peers.
PASG has a Return On Equity (-94.61%) which is in line with its industry peers.
Industry RankSector Rank
ROA -61.56%
ROE -94.61%
ROIC N/A
ROA(3y)-58.64%
ROA(5y)-47.13%
ROE(3y)-72.49%
ROE(5y)-56.09%
ROIC(3y)N/A
ROIC(5y)N/A
PASG Yearly ROA, ROE, ROICPASG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 -20 -40 -60 -80

1.3 Margins

PASG does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
PASG Yearly Profit, Operating, Gross MarginsPASG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023

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2. Health

2.1 Basic Checks

Compared to 1 year ago, PASG has more shares outstanding
Compared to 5 years ago, PASG has more shares outstanding
PASG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
PASG Yearly Shares OutstandingPASG Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
PASG Yearly Total Debt VS Total AssetsPASG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.2 Solvency

PASG has an Altman-Z score of -8.81. This is a bad value and indicates that PASG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -8.81, PASG is not doing good in the industry: 71.68% of the companies in the same industry are doing better.
PASG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -8.81
ROIC/WACCN/A
WACCN/A
PASG Yearly LT Debt VS Equity VS FCFPASG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M

2.3 Liquidity

PASG has a Current Ratio of 5.15. This indicates that PASG is financially healthy and has no problem in meeting its short term obligations.
PASG has a Current ratio of 5.15. This is comparable to the rest of the industry: PASG outperforms 54.87% of its industry peers.
PASG has a Quick Ratio of 5.15. This indicates that PASG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 5.15, PASG is in line with its industry, outperforming 56.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.15
Quick Ratio 5.15
PASG Yearly Current Assets VS Current LiabilitesPASG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 100M 200M 300M

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1

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 42.93% over the past year.
EPS 1Y (TTM)42.93%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%36.73%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

Based on estimates for the next years, PASG will show a very strong growth in Earnings Per Share. The EPS will grow by 21.19% on average per year.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y47.68%
EPS Next 2Y28.03%
EPS Next 3Y16.8%
EPS Next 5Y21.19%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
PASG Yearly Revenue VS EstimatesPASG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 100M 200M 300M 400M
PASG Yearly EPS VS EstimatesPASG Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 2 -2 4

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4. Valuation

4.1 Price/Earnings Ratio

PASG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PASG. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
PASG Price Earnings VS Forward Price EarningsPASG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
PASG Per share dataPASG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 -1

4.3 Compensation for Growth

PASG's earnings are expected to grow with 16.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.03%
EPS Next 3Y16.8%

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0

5. Dividend

5.1 Amount

PASG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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PASSAGE BIO INC

NASDAQ:PASG (2/5/2025, 8:19:29 PM)

After market: 0.5901 -0.01 (-1.5%)

0.5991

-0.01 (-1.79%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)11-13 2024-11-13/bmo
Earnings (Next)02-27 2025-02-27/amc
Inst Owners44.45%
Inst Owner Change-0.63%
Ins Owners0.28%
Ins Owner Change0%
Market Cap37.01M
Analysts85.45
Price Target7.14 (1091.79%)
Short Float %3.33%
Short Ratio2.08
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.18%
Min EPS beat(2)-32.14%
Max EPS beat(2)17.77%
EPS beat(4)3
Avg EPS beat(4)7.54%
Min EPS beat(4)-32.14%
Max EPS beat(4)26.8%
EPS beat(8)5
Avg EPS beat(8)2.26%
EPS beat(12)8
Avg EPS beat(12)6.53%
EPS beat(16)9
Avg EPS beat(16)2.76%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)3.7%
EPS NQ rev (1m)2.86%
EPS NQ rev (3m)8.93%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 0.51
P/tB 0.51
EV/EBITDA N/A
EPS(TTM)-1.17
EYN/A
EPS(NY)-0.67
Fwd EYN/A
FCF(TTM)-0.96
FCFYN/A
OCF(TTM)-0.96
OCFYN/A
SpS0
BVpS1.18
TBVpS1.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -61.56%
ROE -94.61%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-58.64%
ROA(5y)-47.13%
ROE(3y)-72.49%
ROE(5y)-56.09%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1.13%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.15
Quick Ratio 5.15
Altman-Z -8.81
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)604.02%
Cap/Depr(5y)663.66%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.93%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%36.73%
EPS Next Y47.68%
EPS Next 2Y28.03%
EPS Next 3Y16.8%
EPS Next 5Y21.19%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y38.52%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year37.97%
EBIT Next 3Y10.1%
EBIT Next 5Y15.94%
FCF growth 1Y56.92%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y52.77%
OCF growth 3YN/A
OCF growth 5YN/A