HARVARD BIOSCIENCE INC (HBIO) Stock Fundamental Analysis

NASDAQ:HBIO • US4169061052

0.5636 USD
-0.03 (-4.47%)
Last: Mar 3, 2026, 10:19 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall HBIO gets a fundamental rating of 3 out of 10. We evaluated HBIO against 57 industry peers in the Life Sciences Tools & Services industry. Both the profitability and financial health of HBIO have multiple concerns. HBIO has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • HBIO had positive earnings in the past year.
  • In the past year HBIO had a positive cash flow from operations.
  • In the past 5 years HBIO always reported negative net income.
  • Each year in the past 5 years HBIO had a positive operating cash flow.
HBIO Yearly Net Income VS EBIT VS OCF VS FCFHBIO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M 10M -10M

1.2 Ratios

  • HBIO's Return On Assets of -69.03% is on the low side compared to the rest of the industry. HBIO is outperformed by 87.72% of its industry peers.
  • The Return On Equity of HBIO (-382.68%) is worse than 87.72% of its industry peers.
Industry RankSector Rank
ROA -69.03%
ROE -382.68%
ROIC N/A
ROA(3y)-6.27%
ROA(5y)-4.8%
ROE(3y)-12.47%
ROE(5y)-9.59%
ROIC(3y)N/A
ROIC(5y)N/A
HBIO Yearly ROA, ROE, ROICHBIO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

  • Looking at the Gross Margin, with a value of 56.94%, HBIO is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HBIO has remained more or less at the same level.
  • The Profit Margin and Operating Margin are not available for HBIO so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 56.94%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y0.96%
HBIO Yearly Profit, Operating, Gross MarginsHBIO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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3

2. Health

2.1 Basic Checks

  • HBIO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for HBIO has been increased compared to 1 year ago.
  • The number of shares outstanding for HBIO has been increased compared to 5 years ago.
  • Compared to 1 year ago, HBIO has a worse debt to assets ratio.
HBIO Yearly Shares OutstandingHBIO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
HBIO Yearly Total Debt VS Total AssetsHBIO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

  • HBIO has an Altman-Z score of -2.68. This is a bad value and indicates that HBIO is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -2.68, HBIO is doing worse than 73.68% of the companies in the same industry.
  • There is no outstanding debt for HBIO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 4.98
Altman-Z -2.68
ROIC/WACCN/A
WACC10.56%
HBIO Yearly LT Debt VS Equity VS FCFHBIO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M

2.3 Liquidity

  • A Current Ratio of 0.81 indicates that HBIO may have some problems paying its short term obligations.
  • HBIO has a Current ratio of 0.81. This is amonst the worse of the industry: HBIO underperforms 89.47% of its industry peers.
  • A Quick Ratio of 0.41 indicates that HBIO may have some problems paying its short term obligations.
  • HBIO has a Quick ratio of 0.41. This is amonst the worse of the industry: HBIO underperforms 92.98% of its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.41
HBIO Yearly Current Assets VS Current LiabilitesHBIO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for HBIO have decreased by 0.00% in the last year.
  • The earnings per share for HBIO have been decreasing by -19.73% on average. This is quite bad
  • The Revenue for HBIO has decreased by -10.60% in the past year. This is quite bad
  • Measured over the past years, HBIO shows a decrease in Revenue. The Revenue has been decreasing by -4.12% on average per year.
EPS 1Y (TTM)0%
EPS 3Y-37.86%
EPS 5Y-19.73%
EPS Q2Q%100%
Revenue 1Y (TTM)-10.6%
Revenue growth 3Y-7.49%
Revenue growth 5Y-4.12%
Sales Q2Q%-6.28%

3.2 Future

  • Based on estimates for the next years, HBIO will show a very strong growth in Earnings Per Share. The EPS will grow by 50.37% on average per year.
  • Based on estimates for the next years, HBIO will show a small growth in Revenue. The Revenue will grow by 0.97% on average per year.
EPS Next Y-49%
EPS Next 2Y27.08%
EPS Next 3Y50.37%
EPS Next 5YN/A
Revenue Next Year-8.37%
Revenue Next 2Y-0.62%
Revenue Next 3Y0.97%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HBIO Yearly Revenue VS EstimatesHBIO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
HBIO Yearly EPS VS EstimatesHBIO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2 0.25

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.09, the valuation of HBIO can be described as correct.
  • Based on the Price/Earnings ratio, HBIO is valued cheaper than 92.98% of the companies in the same industry.
  • HBIO is valuated rather cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 5.82, which indicates a rather cheap valuation of HBIO.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HBIO indicates a rather cheap valuation: HBIO is cheaper than 100.00% of the companies listed in the same industry.
  • HBIO is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.09
Fwd PE 5.82
HBIO Price Earnings VS Forward Price EarningsHBIO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 92.98% of the companies in the same industry are more expensive than HBIO, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, HBIO is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.7
EV/EBITDA 12.14
HBIO Per share dataHBIO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

  • HBIO's earnings are expected to grow with 50.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.08%
EPS Next 3Y50.37%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for HBIO!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

HARVARD BIOSCIENCE INC

NASDAQ:HBIO (3/3/2026, 10:19:07 AM)

0.5636

-0.03 (-4.47%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)11-06
Earnings (Next)03-12
Inst Owners48.8%
Inst Owner Change28.36%
Ins Owners3.96%
Ins Owner Change0%
Market Cap25.20M
Revenue(TTM)87.37M
Net Income(TTM)-53.84M
Analysts80
Price Target2.04 (261.96%)
Short Float %1.64%
Short Ratio1.5
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-49.02%
Min EPS beat(2)-100%
Max EPS beat(2)1.96%
EPS beat(4)3
Avg EPS beat(4)-1.23%
Min EPS beat(4)-100%
Max EPS beat(4)75.49%
EPS beat(8)3
Avg EPS beat(8)-39.49%
EPS beat(12)5
Avg EPS beat(12)-32.85%
EPS beat(16)5
Avg EPS beat(16)-35.95%
Revenue beat(2)1
Avg Revenue beat(2)-0.39%
Min Revenue beat(2)-1.72%
Max Revenue beat(2)0.94%
Revenue beat(4)2
Avg Revenue beat(4)2.52%
Min Revenue beat(4)-1.72%
Max Revenue beat(4)11.18%
Revenue beat(8)2
Avg Revenue beat(8)-3.88%
Revenue beat(12)3
Avg Revenue beat(12)-4.45%
Revenue beat(16)3
Avg Revenue beat(16)-4.48%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)20%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.47%
Valuation
Industry RankSector Rank
PE 14.09
Fwd PE 5.82
P/S 0.29
P/FCF 3.7
P/OCF 2.95
P/B 1.79
P/tB N/A
EV/EBITDA 12.14
EPS(TTM)0.04
EY7.1%
EPS(NY)0.1
Fwd EY17.19%
FCF(TTM)0.15
FCFY27.06%
OCF(TTM)0.19
OCFY33.92%
SpS1.95
BVpS0.31
TBVpS-0.09
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0.53
Profitability
Industry RankSector Rank
ROA -69.03%
ROE -382.68%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 56.94%
FCFM 7.81%
ROA(3y)-6.27%
ROA(5y)-4.8%
ROE(3y)-12.47%
ROE(5y)-9.59%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y0.75%
GM growth 5Y0.96%
F-Score4
Asset Turnover1.12
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 4.98
Debt/EBITDA 0
Cap/Depr 27.22%
Cap/Sales 1.98%
Interest Coverage N/A
Cash Conversion 193.66%
Profit Quality N/A
Current Ratio 0.81
Quick Ratio 0.41
Altman-Z -2.68
F-Score4
WACC10.56%
ROIC/WACCN/A
Cap/Depr(3y)33.21%
Cap/Depr(5y)26.48%
Cap/Sales(3y)2.31%
Cap/Sales(5y)1.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3Y-37.86%
EPS 5Y-19.73%
EPS Q2Q%100%
EPS Next Y-49%
EPS Next 2Y27.08%
EPS Next 3Y50.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.6%
Revenue growth 3Y-7.49%
Revenue growth 5Y-4.12%
Sales Q2Q%-6.28%
Revenue Next Year-8.37%
Revenue Next 2Y-0.62%
Revenue Next 3Y0.97%
Revenue Next 5YN/A
EBIT growth 1Y63.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year5166.67%
EBIT Next 3Y360%
EBIT Next 5YN/A
FCF growth 1Y-37.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-31.1%
OCF growth 3Y4.55%
OCF growth 5Y-29.12%

HARVARD BIOSCIENCE INC / HBIO FAQ

What is the ChartMill fundamental rating of HARVARD BIOSCIENCE INC (HBIO) stock?

ChartMill assigns a fundamental rating of 3 / 10 to HBIO.


Can you provide the valuation status for HARVARD BIOSCIENCE INC?

ChartMill assigns a valuation rating of 7 / 10 to HARVARD BIOSCIENCE INC (HBIO). This can be considered as Undervalued.


Can you provide the profitability details for HARVARD BIOSCIENCE INC?

HARVARD BIOSCIENCE INC (HBIO) has a profitability rating of 2 / 10.


Can you provide the financial health for HBIO stock?

The financial health rating of HARVARD BIOSCIENCE INC (HBIO) is 3 / 10.