HARVARD BIOSCIENCE INC (HBIO) Fundamental Analysis & Valuation

NASDAQ:HBIO • US4169062043

Current stock price

4.655 USD
+0.35 (+8%)
Last:

This HBIO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. HBIO Profitability Analysis

1.1 Basic Checks

  • In the past year HBIO has reported negative net income.
  • 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 2025 0 -20M -40M

1.2 Ratios

  • HBIO's Return On Assets of -70.81% is on the low side compared to the rest of the industry. HBIO is outperformed by 91.23% of its industry peers.
  • The Return On Equity of HBIO (-412.84%) is worse than 89.47% of its industry peers.
Industry RankSector Rank
ROA -70.81%
ROE -412.84%
ROIC N/A
ROA(3y)-27.7%
ROA(5y)-17.96%
ROE(3y)-145.7%
ROE(5y)-90.12%
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 2025 0 -100 -200 -300 -400

1.3 Margins

  • The Gross Margin of HBIO (57.67%) is better than 71.93% of its industry peers.
  • In the last couple of years the Gross Margin of HBIO has remained more or less at the same level.
  • HBIO does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 57.67%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.6%
GM growth 5Y0.3%
HBIO Yearly Profit, Operating, Gross MarginsHBIO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 -60

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3

2. HBIO Health Analysis

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.
  • HBIO has more shares outstanding than it did 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 2025 1M 2M 3M 4M
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 2025 50M 100M 150M

2.2 Solvency

  • Based on the Altman-Z score of -2.12, we must say that HBIO is in the distress zone and has some risk of bankruptcy.
  • HBIO has a worse Altman-Z score (-2.12) than 82.46% of its industry peers.
  • The Debt to FCF ratio of HBIO is 7.37, which is on the high side as it means it would take HBIO, 7.37 years of fcf income to pay off all of its debts.
  • HBIO has a better Debt to FCF ratio (7.37) than 63.16% of its industry peers.
  • HBIO has a Debt/Equity ratio of 2.61. This is a high value indicating a heavy dependency on external financing.
  • HBIO's Debt to Equity ratio of 2.61 is on the low side compared to the rest of the industry. HBIO is outperformed by 87.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.61
Debt/FCF 7.37
Altman-Z -2.12
ROIC/WACCN/A
WACC10.75%
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 2025 0 20M 40M 60M 80M

2.3 Liquidity

  • HBIO has a Current Ratio of 2.20. This indicates that HBIO is financially healthy and has no problem in meeting its short term obligations.
  • With a Current ratio value of 2.20, HBIO perfoms like the industry average, outperforming 45.61% of the companies in the same industry.
  • A Quick Ratio of 1.25 indicates that HBIO should not have too much problems paying its short term obligations.
  • HBIO has a worse Quick ratio (1.25) than 75.44% of its industry peers.
Industry RankSector Rank
Current Ratio 2.2
Quick Ratio 1.25
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 2025 20M 40M 60M

More info and screens

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

3

3. HBIO Growth Analysis

3.1 Past

  • HBIO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -133.33%.
  • Looking at the last year, HBIO shows a decrease in Revenue. The Revenue has decreased by -8.06% in the last year.
  • The Revenue has been decreasing by -3.25% on average over the past years.
EPS 1Y (TTM)-133.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-8.06%
Revenue growth 3Y-8.59%
Revenue growth 5Y-3.25%
Sales Q2Q%-3.34%

3.2 Future

  • HBIO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 55.18% yearly.
  • Based on estimates for the next years, HBIO will show a small growth in Revenue. The Revenue will grow by 5.99% on average per year.
EPS Next Y-644.6%
EPS Next 2Y55.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.49%
Revenue Next 2Y5.99%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • 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 1 -1 2

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3

4. HBIO Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for HBIO. In the last year negative earnings were reported.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for HBIO. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
HBIO Price Earnings VS Forward Price EarningsHBIO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

  • HBIO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HBIO is cheaper than 96.49% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, HBIO is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.28
EV/EBITDA 8.48
HBIO Per share dataHBIO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • A more expensive valuation may be justified as HBIO's earnings are expected to grow with 55.18% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y55.18%
EPS Next 3YN/A

More info and screens

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

0

5. HBIO Dividend Analysis

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

HBIO Fundamentals: All Metrics, Ratios and Statistics

HARVARD BIOSCIENCE INC

NASDAQ:HBIO (4/13/2026, 8:00:01 PM)

4.655

+0.35 (+8%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)03-12
Earnings (Next)05-11
Inst Owners51.08%
Inst Owner Change28.36%
Ins Owners6.74%
Ins Owner Change1.48%
Market Cap20.81M
Revenue(TTM)86.55M
Net Income(TTM)-56.70M
Analysts80
Price Target6.12 (31.47%)
Short Float %N/A
Short Ratio1.28
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)0
Avg EPS beat(2)-100%
Min EPS beat(2)-100%
Max EPS beat(2)-100%
EPS beat(4)2
Avg EPS beat(4)-30.64%
Min EPS beat(4)-100%
Max EPS beat(4)75.49%
EPS beat(8)3
Avg EPS beat(8)-49.3%
EPS beat(12)4
Avg EPS beat(12)-42.66%
EPS beat(16)5
Avg EPS beat(16)-40.85%
Revenue beat(2)2
Avg Revenue beat(2)0.84%
Min Revenue beat(2)0.73%
Max Revenue beat(2)0.94%
Revenue beat(4)3
Avg Revenue beat(4)2.78%
Min Revenue beat(4)-1.72%
Max Revenue beat(4)11.18%
Revenue beat(8)3
Avg Revenue beat(8)-3.14%
Revenue beat(12)4
Avg Revenue beat(12)-3.71%
Revenue beat(16)4
Avg Revenue beat(16)-4.33%
PT rev (1m)200%
PT rev (3m)200%
EPS NQ rev (1m)-12000%
EPS NQ rev (3m)-12000%
EPS NY rev (1m)-1636.84%
EPS NY rev (3m)-1636.84%
Revenue NQ rev (1m)-0.24%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)-4%
Revenue NY rev (3m)-3.47%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.24
P/FCF 4.28
P/OCF 3.09
P/B 1.52
P/tB N/A
EV/EBITDA 8.48
EPS(TTM)-0.2
EYN/A
EPS(NY)-1.49
Fwd EYN/A
FCF(TTM)1.09
FCFY23.39%
OCF(TTM)1.51
OCFY32.34%
SpS19.36
BVpS3.07
TBVpS-0.77
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -70.81%
ROE -412.84%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 57.67%
FCFM 5.62%
ROA(3y)-27.7%
ROA(5y)-17.96%
ROE(3y)-145.7%
ROE(5y)-90.12%
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 3Y1.6%
GM growth 5Y0.3%
F-Score4
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 2.61
Debt/FCF 7.37
Debt/EBITDA 6.54
Cap/Depr 31.34%
Cap/Sales 2.15%
Interest Coverage N/A
Cash Conversion 122.66%
Profit Quality N/A
Current Ratio 2.2
Quick Ratio 1.25
Altman-Z -2.12
F-Score4
WACC10.75%
ROIC/WACCN/A
Cap/Depr(3y)36.65%
Cap/Depr(5y)29.73%
Cap/Sales(3y)2.56%
Cap/Sales(5y)2.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-133.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y-644.6%
EPS Next 2Y55.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-8.06%
Revenue growth 3Y-8.59%
Revenue growth 5Y-3.25%
Sales Q2Q%-3.34%
Revenue Next Year3.49%
Revenue Next 2Y5.99%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y91.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year117.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y366.92%
FCF growth 3YN/A
FCF growth 5Y-9.87%
OCF growth 1Y367.29%
OCF growth 3Y80.2%
OCF growth 5Y-6.33%

HARVARD BIOSCIENCE INC / HBIO Fundamental Analysis 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 3 / 10 to HARVARD BIOSCIENCE INC (HBIO). This can be considered as Overvalued.


What is the profitability of HBIO stock?

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


Can you provide the expected EPS growth for HBIO stock?

The Earnings per Share (EPS) of HARVARD BIOSCIENCE INC (HBIO) is expected to decline by -644.6% in the next year.