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INOVIO PHARMACEUTICALS INC (INO) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:INO - US45773H4092 - Common Stock

1.76 USD
+0.03 (+1.73%)
Last: 11/21/2025, 8:00:02 PM
1.77 USD
+0.01 (+0.57%)
After Hours: 11/21/2025, 8:00:02 PM
Fundamental Rating

2

Taking everything into account, INO scores 2 out of 10 in our fundamental rating. INO was compared to 535 industry peers in the Biotechnology industry. INO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. INO is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year INO has reported negative net income.
INO had a negative operating cash flow in the past year.
INO had negative earnings in each of the past 5 years.
In the past 5 years INO always reported negative operating cash flow.
INO Yearly Net Income VS EBIT VS OCF VS FCFINO 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 -100M -200M -300M

1.2 Ratios

INO's Return On Assets of -128.36% is on the low side compared to the rest of the industry. INO is outperformed by 82.18% of its industry peers.
The Return On Equity of INO (-307.02%) is worse than 72.05% of its industry peers.
Industry RankSector Rank
ROA -128.36%
ROE -307.02%
ROIC N/A
ROA(3y)-84.69%
ROA(5y)-69.23%
ROE(3y)-132.51%
ROE(5y)-101.92%
ROIC(3y)N/A
ROIC(5y)N/A
INO Yearly ROA, ROE, ROICINO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -1K -2K -3K

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for INO 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
INO Yearly Profit, Operating, Gross MarginsINO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -10K -20K -30K -40K -50K

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5

2. Health

2.1 Basic Checks

INO does not have a ROIC to compare to the WACC, probably because it is not profitable.
INO has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, INO has more shares outstanding
INO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
INO Yearly Shares OutstandingINO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
INO Yearly Total Debt VS Total AssetsINO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

Based on the Altman-Z score of -39.24, we must say that INO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of INO (-39.24) is worse than 91.37% of its industry peers.
There is no outstanding debt for INO. 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 N/A
Altman-Z -39.24
ROIC/WACCN/A
WACC8.54%
INO Yearly LT Debt VS Equity VS FCFINO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

INO has a Current Ratio of 1.66. This is a normal value and indicates that INO is financially healthy and should not expect problems in meeting its short term obligations.
INO's Current ratio of 1.66 is on the low side compared to the rest of the industry. INO is outperformed by 80.30% of its industry peers.
A Quick Ratio of 1.66 indicates that INO should not have too much problems paying its short term obligations.
INO has a Quick ratio of 1.66. This is in the lower half of the industry: INO underperforms 79.74% of its industry peers.
Industry RankSector Rank
Current Ratio 1.66
Quick Ratio 1.66
INO Yearly Current Assets VS Current LiabilitesINO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 44.79% over the past year.
Looking at the last year, INO shows a very negative growth in Revenue. The Revenue has decreased by -73.82% in the last year.
Measured over the past years, INO shows a very negative growth in Revenue. The Revenue has been decreasing by -44.44% on average per year.
EPS 1Y (TTM)44.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.25%
Revenue 1Y (TTM)-73.82%
Revenue growth 3Y-50.31%
Revenue growth 5Y-44.44%
Sales Q2Q%N/A

3.2 Future

Based on estimates for the next years, INO will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.13% on average per year.
INO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 356.19% yearly.
EPS Next Y52.28%
EPS Next 2Y27.09%
EPS Next 3Y22.34%
EPS Next 5Y17.13%
Revenue Next Year-25.9%
Revenue Next 2Y949.07%
Revenue Next 3Y735.89%
Revenue Next 5Y356.19%

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.
INO Yearly Revenue VS EstimatesINO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 50M 100M 150M 200M 250M
INO Yearly EPS VS EstimatesINO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 -5 -10 -15

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for INO. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for INO. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
INO Price Earnings VS Forward Price EarningsINO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
INO Per share dataINO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -1 -2

4.3 Compensation for Growth

INO's earnings are expected to grow with 22.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.09%
EPS Next 3Y22.34%

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0

5. Dividend

5.1 Amount

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

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INOVIO PHARMACEUTICALS INC

NASDAQ:INO (11/21/2025, 8:00:02 PM)

After market: 1.77 +0.01 (+0.57%)

1.76

+0.03 (+1.73%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)11-10 2025-11-10/amc
Earnings (Next)03-16 2026-03-16/amc
Inst Owners19.03%
Inst Owner Change104.28%
Ins Owners0.52%
Ins Owner Change1.06%
Market Cap93.53M
Revenue(TTM)217.80K
Net Income(TTM)-87.60M
Analysts80
Price Target7.79 (342.61%)
Short Float %15.53%
Short Ratio6.7
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)22.92%
Min EPS beat(2)0.86%
Max EPS beat(2)44.99%
EPS beat(4)4
Avg EPS beat(4)24.57%
Min EPS beat(4)0.86%
Max EPS beat(4)44.99%
EPS beat(8)5
Avg EPS beat(8)9.12%
EPS beat(12)7
Avg EPS beat(12)8.41%
EPS beat(16)8
Avg EPS beat(16)0.48%
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)-0.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.88%
EPS NY rev (1m)0%
EPS NY rev (3m)7.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.14%
Revenue NY rev (3m)17.72%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 513.04
P/FCF N/A
P/OCF N/A
P/B 3.28
P/tB 3.28
EV/EBITDA N/A
EPS(TTM)-2.49
EYN/A
EPS(NY)-1.54
Fwd EYN/A
FCF(TTM)-1.78
FCFYN/A
OCF(TTM)-1.78
OCFYN/A
SpS0
BVpS0.54
TBVpS0.54
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -128.36%
ROE -307.02%
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)-84.69%
ROA(5y)-69.23%
ROE(3y)-132.51%
ROE(5y)-101.92%
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 3YN/A
GM growth 5YN/A
F-Score1
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 5.65%
Cap/Sales 48.33%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.66
Quick Ratio 1.66
Altman-Z -39.24
F-Score1
WACC8.54%
ROIC/WACCN/A
Cap/Depr(3y)20.92%
Cap/Depr(5y)27.95%
Cap/Sales(3y)90.66%
Cap/Sales(5y)72.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)44.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.25%
EPS Next Y52.28%
EPS Next 2Y27.09%
EPS Next 3Y22.34%
EPS Next 5Y17.13%
Revenue 1Y (TTM)-73.82%
Revenue growth 3Y-50.31%
Revenue growth 5Y-44.44%
Sales Q2Q%N/A
Revenue Next Year-25.9%
Revenue Next 2Y949.07%
Revenue Next 3Y735.89%
Revenue Next 5Y356.19%
EBIT growth 1Y18.32%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y45.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y45.16%
OCF growth 3YN/A
OCF growth 5YN/A

INOVIO PHARMACEUTICALS INC / INO FAQ

Can you provide the ChartMill fundamental rating for INOVIO PHARMACEUTICALS INC?

ChartMill assigns a fundamental rating of 2 / 10 to INO.


Can you provide the valuation status for INOVIO PHARMACEUTICALS INC?

ChartMill assigns a valuation rating of 1 / 10 to INOVIO PHARMACEUTICALS INC (INO). This can be considered as Overvalued.


Can you provide the profitability details for INOVIO PHARMACEUTICALS INC?

INOVIO PHARMACEUTICALS INC (INO) has a profitability rating of 0 / 10.


Can you provide the expected EPS growth for INO stock?

The Earnings per Share (EPS) of INOVIO PHARMACEUTICALS INC (INO) is expected to grow by 52.28% in the next year.