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IMMATICS NV (IMTX) Stock Fundamental Analysis

NASDAQ:IMTX - NL0015285941 - Common Stock

5.72 USD
+0.27 (+4.95%)
Last: 9/4/2025, 5:23:18 PM
Fundamental Rating

3

Taking everything into account, IMTX scores 3 out of 10 in our fundamental rating. IMTX was compared to 542 industry peers in the Biotechnology industry. While IMTX seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, IMTX is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

IMTX had negative earnings in the past year.
In the past year IMTX has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: IMTX reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: IMTX reported negative operating cash flow in multiple years.
IMTX Yearly Net Income VS EBIT VS OCF VS FCFIMTX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of -13.03%, IMTX belongs to the top of the industry, outperforming 82.29% of the companies in the same industry.
Looking at the Return On Equity, with a value of -15.91%, IMTX belongs to the top of the industry, outperforming 87.08% of the companies in the same industry.
Industry RankSector Rank
ROA -13.03%
ROE -15.91%
ROIC N/A
ROA(3y)-2.39%
ROA(5y)-28.72%
ROE(3y)-7.75%
ROE(5y)-130.43%
ROIC(3y)N/A
ROIC(5y)N/A
IMTX Yearly ROA, ROE, ROICIMTX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for IMTX so they could not be analyzed.
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
IMTX Yearly Profit, Operating, Gross MarginsIMTX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600 -800

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5

2. Health

2.1 Basic Checks

IMTX does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for IMTX has been increased compared to 1 year ago.
Compared to 5 years ago, IMTX has more shares outstanding
The debt/assets ratio for IMTX has been reduced compared to a year ago.
IMTX Yearly Shares OutstandingIMTX Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
IMTX Yearly Total Debt VS Total AssetsIMTX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

IMTX has an Altman-Z score of 2.24. This is not the best score and indicates that IMTX is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of IMTX (2.24) is better than 69.37% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that IMTX is not too dependend on debt financing.
IMTX has a Debt to Equity ratio of 0.03. This is comparable to the rest of the industry: IMTX outperforms 40.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 2.24
ROIC/WACCN/A
WACC7.2%
IMTX Yearly LT Debt VS Equity VS FCFIMTX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

IMTX has a Current Ratio of 8.80. This indicates that IMTX is financially healthy and has no problem in meeting its short term obligations.
IMTX's Current ratio of 8.80 is fine compared to the rest of the industry. IMTX outperforms 76.75% of its industry peers.
A Quick Ratio of 8.80 indicates that IMTX has no problem at all paying its short term obligations.
With a decent Quick ratio value of 8.80, IMTX is doing good in the industry, outperforming 76.94% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 8.8
Quick Ratio 8.8
IMTX Yearly Current Assets VS Current LiabilitesIMTX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 31.71% over the past year.
IMTX shows a strong growth in Revenue. In the last year, the Revenue has grown by 83.62%.
The Revenue has been growing by 53.31% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)31.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-241.18%
Revenue 1Y (TTM)83.62%
Revenue growth 3Y64.83%
Revenue growth 5Y53.31%
Sales Q2Q%-74.74%

3.2 Future

The Earnings Per Share is expected to decrease by -53.30% on average over the next years. This is quite bad
Based on estimates for the next years, IMTX will show a quite strong growth in Revenue. The Revenue will grow by 13.22% on average per year.
EPS Next Y-1112.23%
EPS Next 2Y-249.7%
EPS Next 3Y-129.86%
EPS Next 5Y-53.3%
Revenue Next Year-56.74%
Revenue Next 2Y-34.63%
Revenue Next 3Y-18.58%
Revenue Next 5Y13.22%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
IMTX Yearly Revenue VS EstimatesIMTX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M 800M
IMTX Yearly EPS VS EstimatesIMTX Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 -1 -2 -3 -4

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0

4. Valuation

4.1 Price/Earnings Ratio

IMTX 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 IMTX. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
IMTX Price Earnings VS Forward Price EarningsIMTX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IMTX Per share dataIMTX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

IMTX's earnings are expected to decrease with -129.87% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-249.7%
EPS Next 3Y-129.86%

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0

5. Dividend

5.1 Amount

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

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IMMATICS NV

NASDAQ:IMTX (9/4/2025, 5:23:18 PM)

5.72

+0.27 (+4.95%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)08-13 2025-08-13/bmo
Earnings (Next)11-17 2025-11-17
Inst Owners67.75%
Inst Owner Change1.4%
Ins Owners4.66%
Ins Owner ChangeN/A
Market Cap695.27M
Analysts87.14
Price Target14.13 (147.03%)
Short Float %4.62%
Short Ratio6.46
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)-38.62%
Min EPS beat(2)-77.7%
Max EPS beat(2)0.45%
EPS beat(4)3
Avg EPS beat(4)54.7%
Min EPS beat(4)-77.7%
Max EPS beat(4)226.79%
EPS beat(8)7
Avg EPS beat(8)46.07%
EPS beat(12)9
Avg EPS beat(12)28.53%
EPS beat(16)9
Avg EPS beat(16)0.45%
Revenue beat(2)1
Avg Revenue beat(2)-17.93%
Min Revenue beat(2)-66.37%
Max Revenue beat(2)30.5%
Revenue beat(4)3
Avg Revenue beat(4)109.11%
Min Revenue beat(4)-66.37%
Max Revenue beat(4)264.77%
Revenue beat(8)6
Avg Revenue beat(8)59.11%
Revenue beat(12)9
Avg Revenue beat(12)46.5%
Revenue beat(16)9
Avg Revenue beat(16)24.24%
PT rev (1m)-3.96%
PT rev (3m)-9.13%
EPS NQ rev (1m)-18.93%
EPS NQ rev (3m)-60.8%
EPS NY rev (1m)-18.45%
EPS NY rev (3m)-15.57%
Revenue NQ rev (1m)-11.3%
Revenue NQ rev (3m)-35.3%
Revenue NY rev (1m)-21.4%
Revenue NY rev (3m)-15.75%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.58
P/FCF N/A
P/OCF N/A
P/B 1.28
P/tB 1.29
EV/EBITDA N/A
EPS(TTM)-0.65
EYN/A
EPS(NY)-1.79
Fwd EYN/A
FCF(TTM)-1.67
FCFYN/A
OCF(TTM)-1.59
OCFYN/A
SpS1.25
BVpS4.45
TBVpS4.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -13.03%
ROE -15.91%
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)-2.39%
ROA(5y)-28.72%
ROE(3y)-7.75%
ROE(5y)-130.43%
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-Score3
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 75.18%
Cap/Sales 7.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 8.8
Quick Ratio 8.8
Altman-Z 2.24
F-Score3
WACC7.2%
ROIC/WACCN/A
Cap/Depr(3y)217.11%
Cap/Depr(5y)185.86%
Cap/Sales(3y)23.83%
Cap/Sales(5y)22.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-241.18%
EPS Next Y-1112.23%
EPS Next 2Y-249.7%
EPS Next 3Y-129.86%
EPS Next 5Y-53.3%
Revenue 1Y (TTM)83.62%
Revenue growth 3Y64.83%
Revenue growth 5Y53.31%
Sales Q2Q%-74.74%
Revenue Next Year-56.74%
Revenue Next 2Y-34.63%
Revenue Next 3Y-18.58%
Revenue Next 5Y13.22%
EBIT growth 1Y13.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-88.5%
EBIT Next 3Y-52.74%
EBIT Next 5Y-25.02%
FCF growth 1Y-65.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-92.4%
OCF growth 3YN/A
OCF growth 5YN/A