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DURECT CORPORATION (DRRX) Stock Fundamental Analysis

NASDAQ:DRRX - Nasdaq - US2666055007 - Common Stock - Currency: USD

0.5884  -0.02 (-3.56%)

After market: 0.5703 -0.02 (-3.08%)

Fundamental Rating

3

DRRX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 198 industry peers in the Pharmaceuticals industry. While DRRX seems to be doing ok healthwise, there are quite some concerns on its profitability. DRRX is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year DRRX has reported negative net income.
DRRX had a negative operating cash flow in the past year.
DRRX had negative earnings in each of the past 5 years.
In the past 5 years DRRX always reported negative operating cash flow.
DRRX Yearly Net Income VS EBIT VS OCF VS FCFDRRX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M -20M -30M

1.2 Ratios

DRRX has a Return On Assets (-45.36%) which is comparable to the rest of the industry.
The Return On Equity of DRRX (-91.16%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -45.36%
ROE -91.16%
ROIC N/A
ROA(3y)-55.09%
ROA(5y)-41.09%
ROE(3y)-139.78%
ROE(5y)-96.71%
ROIC(3y)N/A
ROIC(5y)N/A
DRRX Yearly ROA, ROE, ROICDRRX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -100 -200 -300 -400

1.3 Margins

DRRX has a better Gross Margin (98.77%) than 97.98% of its industry peers.
In the last couple of years the Gross Margin of DRRX has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for DRRX so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 98.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.8%
GM growth 5Y0.25%
DRRX Yearly Profit, Operating, Gross MarginsDRRX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K -1.5K

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5

2. Health

2.1 Basic Checks

DRRX does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for DRRX has been increased compared to 1 year ago.
DRRX has more shares outstanding than it did 5 years ago.
DRRX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DRRX Yearly Shares OutstandingDRRX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
DRRX Yearly Total Debt VS Total AssetsDRRX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

DRRX has an Altman-Z score of -47.04. This is a bad value and indicates that DRRX is not financially healthy and even has some risk of bankruptcy.
DRRX has a Altman-Z score of -47.04. This is amonst the worse of the industry: DRRX underperforms 90.91% of its industry peers.
DRRX 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 -47.04
ROIC/WACCN/A
WACC12.29%
DRRX Yearly LT Debt VS Equity VS FCFDRRX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M

2.3 Liquidity

A Current Ratio of 1.71 indicates that DRRX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.71, DRRX is doing worse than 64.65% of the companies in the same industry.
A Quick Ratio of 1.70 indicates that DRRX should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.70, DRRX perfoms like the industry average, outperforming 41.41% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.71
Quick Ratio 1.7
DRRX Yearly Current Assets VS Current LiabilitesDRRX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 83.52% over the past year.
The Revenue for DRRX has decreased by -21.58% in the past year. This is quite bad
DRRX shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -39.51% yearly.
EPS 1Y (TTM)83.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%48%
Revenue 1Y (TTM)-21.58%
Revenue growth 3Y-47.43%
Revenue growth 5Y-39.51%
Sales Q2Q%-82.43%

3.2 Future

DRRX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 60.95% yearly.
The Revenue is expected to grow by 53.91% on average over the next years. This is a very strong growth
EPS Next Y-116.59%
EPS Next 2Y-24.45%
EPS Next 3Y57.26%
EPS Next 5Y60.95%
Revenue Next Year-94.07%
Revenue Next 2Y-21.63%
Revenue Next 3Y45.1%
Revenue Next 5Y53.91%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
DRRX Yearly Revenue VS EstimatesDRRX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M
DRRX Yearly EPS VS EstimatesDRRX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 -2 4 6 8

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1

4. Valuation

4.1 Price/Earnings Ratio

DRRX 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 DRRX. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
DRRX Price Earnings VS Forward Price EarningsDRRX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
DRRX Per share dataDRRX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 -0.4 -0.6

4.3 Compensation for Growth

A more expensive valuation may be justified as DRRX's earnings are expected to grow with 57.26% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-24.45%
EPS Next 3Y57.26%

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0

5. Dividend

5.1 Amount

No dividends for DRRX!.
Industry RankSector Rank
Dividend Yield N/A

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DURECT CORPORATION

NASDAQ:DRRX (5/21/2025, 5:06:42 PM)

After market: 0.5703 -0.02 (-3.08%)

0.5884

-0.02 (-3.56%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryPharmaceuticals
Earnings (Last)05-13 2025-05-13/amc
Earnings (Next)08-05 2025-08-05
Inst Owners22.18%
Inst Owner Change0.89%
Ins Owners10.78%
Ins Owner Change0%
Market Cap18.26M
Analysts82.22
Price Target6.89 (1070.97%)
Short Float %2.58%
Short Ratio9.4
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)2
Avg EPS beat(2)766.15%
Min EPS beat(2)20.81%
Max EPS beat(2)1511.48%
EPS beat(4)3
Avg EPS beat(4)387.92%
Min EPS beat(4)-11.41%
Max EPS beat(4)1511.48%
EPS beat(8)7
Avg EPS beat(8)215.23%
EPS beat(12)10
Avg EPS beat(12)145.36%
EPS beat(16)13
Avg EPS beat(16)112.1%
Revenue beat(2)0
Avg Revenue beat(2)-43.58%
Min Revenue beat(2)-82.8%
Max Revenue beat(2)-4.37%
Revenue beat(4)0
Avg Revenue beat(4)-34.01%
Min Revenue beat(4)-82.8%
Max Revenue beat(4)-4.37%
Revenue beat(8)1
Avg Revenue beat(8)-27.75%
Revenue beat(12)1
Avg Revenue beat(12)-25.21%
Revenue beat(16)3
Avg Revenue beat(16)-7.3%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.06%
EPS NY rev (1m)-3.61%
EPS NY rev (3m)-10.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-70.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-78.25%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.88
P/FCF N/A
P/OCF N/A
P/B 2
P/tB 2.85
EV/EBITDA N/A
EPS(TTM)-0.15
EYN/A
EPS(NY)-0.42
Fwd EYN/A
FCF(TTM)-0.61
FCFYN/A
OCF(TTM)-0.61
OCFYN/A
SpS0.2
BVpS0.29
TBVpS0.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -45.36%
ROE -91.16%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 98.77%
FCFM N/A
ROA(3y)-55.09%
ROA(5y)-41.09%
ROE(3y)-139.78%
ROE(5y)-96.71%
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 3Y3.8%
GM growth 5Y0.25%
F-Score5
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.71
Quick Ratio 1.7
Altman-Z -47.04
F-Score5
WACC12.29%
ROIC/WACCN/A
Cap/Depr(3y)86.47%
Cap/Depr(5y)78.99%
Cap/Sales(3y)0.86%
Cap/Sales(5y)0.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)83.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%48%
EPS Next Y-116.59%
EPS Next 2Y-24.45%
EPS Next 3Y57.26%
EPS Next 5Y60.95%
Revenue 1Y (TTM)-21.58%
Revenue growth 3Y-47.43%
Revenue growth 5Y-39.51%
Sales Q2Q%-82.43%
Revenue Next Year-94.07%
Revenue Next 2Y-21.63%
Revenue Next 3Y45.1%
Revenue Next 5Y53.91%
EBIT growth 1Y48.73%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-229.17%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y44.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y44.54%
OCF growth 3YN/A
OCF growth 5YN/A