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LIPOCINE INC (LPCN) Stock Fundamental Analysis

USA - NASDAQ:LPCN - US53630X2036 - Common Stock

3.34 USD
+0.25 (+8.09%)
Last: 10/3/2025, 12:55:47 PM
Fundamental Rating

4

Taking everything into account, LPCN scores 4 out of 10 in our fundamental rating. LPCN was compared to 196 industry peers in the Pharmaceuticals industry. LPCN has a great financial health rating, but its profitability evaluates not so good. LPCN is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

LPCN had positive earnings in the past year.
In the past year LPCN has reported a negative cash flow from operations.
In the past 5 years LPCN reported 4 times negative net income.
In the past 5 years LPCN always reported negative operating cash flow.
LPCN Yearly Net Income VS EBIT VS OCF VS FCFLPCN 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 -5M -10M -15M -20M

1.2 Ratios

The Return On Assets of LPCN (-24.26%) is comparable to the rest of the industry.
LPCN has a Return On Equity of -26.31%. This is in the better half of the industry: LPCN outperforms 63.27% of its industry peers.
Industry RankSector Rank
ROA -24.26%
ROE -26.31%
ROIC N/A
ROA(3y)-33.24%
ROA(5y)-36.72%
ROE(3y)-36.81%
ROE(5y)-49.69%
ROIC(3y)N/A
ROIC(5y)N/A
LPCN Yearly ROA, ROE, ROICLPCN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150 -200

1.3 Margins

LPCN does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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
LPCN Yearly Profit, Operating, Gross MarginsLPCN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K -8K

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7

2. Health

2.1 Basic Checks

LPCN does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, LPCN has more shares outstanding
The number of shares outstanding for LPCN has been increased compared to 5 years ago.
LPCN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
LPCN Yearly Shares OutstandingLPCN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M 5M
LPCN Yearly Total Debt VS Total AssetsLPCN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

2.2 Solvency

Based on the Altman-Z score of -8.09, we must say that LPCN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -8.09, LPCN is doing worse than 65.31% of the companies in the same industry.
LPCN 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 -8.09
ROIC/WACCN/A
WACC9.85%
LPCN Yearly LT Debt VS Equity VS FCFLPCN 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 40M

2.3 Liquidity

A Current Ratio of 12.71 indicates that LPCN has no problem at all paying its short term obligations.
LPCN has a Current ratio of 12.71. This is amongst the best in the industry. LPCN outperforms 85.71% of its industry peers.
LPCN has a Quick Ratio of 12.71. This indicates that LPCN is financially healthy and has no problem in meeting its short term obligations.
LPCN has a better Quick ratio (12.71) than 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 12.71
Quick Ratio 12.71
LPCN Yearly Current Assets VS Current LiabilitesLPCN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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7

3. Growth

3.1 Past

LPCN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 143.13%, which is quite impressive.
LPCN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 213.46% yearly.
LPCN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.38%.
The Revenue has been growing by 133.89% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)143.13%
EPS 3Y213.46%
EPS 5YN/A
EPS Q2Q%28.07%
Revenue 1Y (TTM)-12.38%
Revenue growth 3Y-11.47%
Revenue growth 5Y133.89%
Sales Q2Q%595.55%

3.2 Future

LPCN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -39.74% yearly.
Based on estimates for the next years, LPCN will show a very strong growth in Revenue. The Revenue will grow by 37.92% on average per year.
EPS Next Y-222.86%
EPS Next 2Y-77.83%
EPS Next 3Y-39.74%
EPS Next 5YN/A
Revenue Next Year-88.42%
Revenue Next 2Y-76.71%
Revenue Next 3Y-13.85%
Revenue Next 5Y37.92%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.
LPCN Yearly Revenue VS EstimatesLPCN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 20M 40M 60M 80M
LPCN Yearly EPS VS EstimatesLPCN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -5 -10 -15 -20 -25

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2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 4.84, the valuation of LPCN can be described as very cheap.
Based on the Price/Earnings ratio, LPCN is valued cheaply inside the industry as 96.43% of the companies are valued more expensively.
LPCN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.86.
LPCN is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 4.84
Fwd PE N/A
LPCN Price Earnings VS Forward Price EarningsLPCN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
LPCN Per share dataLPCN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3

4.3 Compensation for Growth

LPCN's earnings are expected to decrease with -39.74% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-77.83%
EPS Next 3Y-39.74%

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0

5. Dividend

5.1 Amount

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

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LIPOCINE INC

NASDAQ:LPCN (10/3/2025, 12:55:47 PM)

3.34

+0.25 (+8.09%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryPharmaceuticals
Earnings (Last)08-05 2025-08-05/bmo
Earnings (Next)11-05 2025-11-05
Inst Owners9.81%
Inst Owner Change2.1%
Ins Owners2.91%
Ins Owner Change0%
Market Cap18.10M
Analysts82.5
Price Target7.52 (125.15%)
Short Float %1.55%
Short Ratio3.67
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)0.74%
Min EPS beat(2)-0.49%
Max EPS beat(2)1.96%
EPS beat(4)3
Avg EPS beat(4)143.62%
Min EPS beat(4)-0.49%
Max EPS beat(4)555.88%
EPS beat(8)6
Avg EPS beat(8)87.86%
EPS beat(12)8
Avg EPS beat(12)54.61%
EPS beat(16)11
Avg EPS beat(16)136.69%
Revenue beat(2)1
Avg Revenue beat(2)46.31%
Min Revenue beat(2)-74.1%
Max Revenue beat(2)166.72%
Revenue beat(4)2
Avg Revenue beat(4)5.89%
Min Revenue beat(4)-100%
Max Revenue beat(4)166.72%
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%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.89%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-35.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 4.84
Fwd PE N/A
P/S 4.3
P/FCF N/A
P/OCF N/A
P/B 1.06
P/tB 1.06
EV/EBITDA N/A
EPS(TTM)0.69
EY20.66%
EPS(NY)-1.79
Fwd EYN/A
FCF(TTM)-0.94
FCFYN/A
OCF(TTM)-0.92
OCFYN/A
SpS0.78
BVpS3.16
TBVpS3.16
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -24.26%
ROE -26.31%
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)-33.24%
ROA(5y)-36.72%
ROE(3y)-36.81%
ROE(5y)-49.69%
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-Score5
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 12.71
Quick Ratio 12.71
Altman-Z -8.09
F-Score5
WACC9.85%
ROIC/WACCN/A
Cap/Depr(3y)521.74%
Cap/Depr(5y)N/A
Cap/Sales(3y)9.09%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)143.13%
EPS 3Y213.46%
EPS 5YN/A
EPS Q2Q%28.07%
EPS Next Y-222.86%
EPS Next 2Y-77.83%
EPS Next 3Y-39.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.38%
Revenue growth 3Y-11.47%
Revenue growth 5Y133.89%
Sales Q2Q%595.55%
Revenue Next Year-88.42%
Revenue Next 2Y-76.71%
Revenue Next 3Y-13.85%
Revenue Next 5Y37.92%
EBIT growth 1Y42.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y58.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y59.39%
OCF growth 3YN/A
OCF growth 5YN/A