OCUGEN INC (OCGN) Fundamental Analysis & Valuation

NASDAQ:OCGN • US67577C1053

Current stock price

1.87 USD
-0.09 (-4.59%)
At close:
1.8701 USD
+0 (+0.01%)
After Hours:

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

0

1. OCGN Profitability Analysis

1.1 Basic Checks

  • OCGN had negative earnings in the past year.
  • In the past year OCGN has reported a negative cash flow from operations.
  • In the past 5 years OCGN always reported negative net income.
  • In the past 5 years OCGN always reported negative operating cash flow.
OCGN Yearly Net Income VS EBIT VS OCF VS FCFOCGN 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 -20M -40M -60M -80M

1.2 Ratios

  • OCGN has a Return On Assets of -111.15%. This is in the lower half of the industry: OCGN underperforms 79.19% of its industry peers.
  • With a Return On Equity value of -1812.06%, OCGN is not doing good in the industry: 81.89% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -111.15%
ROE -1812.06%
ROIC N/A
ROA(3y)-106.4%
ROA(5y)-89.86%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
OCGN Yearly ROA, ROE, ROICOCGN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500 1K 1.5K

1.3 Margins

  • OCGN 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
OCGN Yearly Profit, Operating, Gross MarginsOCGN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -20K -40K -60K -80K

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. OCGN Health Analysis

2.1 Basic Checks

  • OCGN does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for OCGN has been increased compared to 1 year ago.
  • OCGN has more shares outstanding than it did 5 years ago.
  • OCGN has a worse debt/assets ratio than last year.
OCGN Yearly Shares OutstandingOCGN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
OCGN Yearly Total Debt VS Total AssetsOCGN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

2.2 Solvency

  • OCGN has an Altman-Z score of -5.33. This is a bad value and indicates that OCGN is not financially healthy and even has some risk of bankruptcy.
  • OCGN has a worse Altman-Z score (-5.33) than 64.16% of its industry peers.
  • OCGN has a Debt/Equity ratio of 8.04. This is a high value indicating a heavy dependency on external financing.
  • OCGN has a Debt to Equity ratio of 8.04. This is amonst the worse of the industry: OCGN underperforms 81.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 8.04
Debt/FCF N/A
Altman-Z -5.33
ROIC/WACCN/A
WACC9.31%
OCGN Yearly LT Debt VS Equity VS FCFOCGN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M

2.3 Liquidity

  • A Current Ratio of 1.85 indicates that OCGN should not have too much problems paying its short term obligations.
  • OCGN has a worse Current ratio (1.85) than 78.42% of its industry peers.
  • A Quick Ratio of 1.85 indicates that OCGN should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.85, OCGN is doing worse than 77.26% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.85
OCGN Yearly Current Assets VS Current LiabilitesOCGN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

More info and screens

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

7

3. OCGN Growth Analysis

3.1 Past

  • The earnings per share for OCGN have decreased strongly by -21.05% in the last year.
  • OCGN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.83%.
  • Measured over the past years, OCGN shows a very strong growth in Revenue. The Revenue has been growing by 156.17% on average per year.
EPS 1Y (TTM)-21.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
Revenue 1Y (TTM)8.83%
Revenue growth 3YN/A
Revenue growth 5Y156.17%
Sales Q2Q%-125.26%

3.2 Future

  • Based on estimates for the next years, OCGN will show a very strong growth in Earnings Per Share. The EPS will grow by 51.18% on average per year.
  • OCGN is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 215.00% yearly.
EPS Next Y-4.66%
EPS Next 2Y35.82%
EPS Next 3Y33.04%
EPS Next 5Y51.18%
Revenue Next Year-60.02%
Revenue Next 2Y250.97%
Revenue Next 3Y233.44%
Revenue Next 5Y215.01%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
OCGN Yearly Revenue VS EstimatesOCGN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1B 2B 3B
OCGN Yearly EPS VS EstimatesOCGN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -50 -100

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1

4. OCGN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for OCGN. In the last year negative earnings were reported.
  • Also next year OCGN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
OCGN Price Earnings VS Forward Price EarningsOCGN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
OCGN Per share dataOCGN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -0.05 -0.1 -0.15 -0.2

4.3 Compensation for Growth

  • A more expensive valuation may be justified as OCGN's earnings are expected to grow with 33.04% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y35.82%
EPS Next 3Y33.04%

More info and screens

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

0

5. OCGN Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

OCGN Fundamentals: All Metrics, Ratios and Statistics

OCUGEN INC

NASDAQ:OCGN (3/27/2026, 8:00:01 PM)

After market: 1.8701 +0 (+0.01%)

1.87

-0.09 (-4.59%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)03-04
Earnings (Next)05-07
Inst Owners18.82%
Inst Owner Change22.28%
Ins Owners2.09%
Ins Owner Change45.4%
Market Cap613.17M
Revenue(TTM)4.41M
Net Income(TTM)-64.02M
Analysts81.82
Price Target9.18 (390.91%)
Short Float %15.82%
Short Ratio7.35
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)-3.9%
Min EPS beat(2)-22.55%
Max EPS beat(2)14.75%
EPS beat(4)3
Avg EPS beat(4)3.39%
Min EPS beat(4)-22.55%
Max EPS beat(4)14.75%
EPS beat(8)7
Avg EPS beat(8)15.68%
EPS beat(12)9
Avg EPS beat(12)14.24%
EPS beat(16)10
Avg EPS beat(16)-204.99%
Revenue beat(2)2
Avg Revenue beat(2)248.45%
Min Revenue beat(2)212.3%
Max Revenue beat(2)284.59%
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%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.33%
EPS NY rev (1m)0%
EPS NY rev (3m)4.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-29.89%
Revenue NY rev (3m)2.85%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 114.18
P/FCF N/A
P/OCF N/A
P/B 173.56
P/tB 173.56
EV/EBITDA N/A
EPS(TTM)-0.23
EYN/A
EPS(NY)-0.24
Fwd EYN/A
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)-0.16
OCFYN/A
SpS0.02
BVpS0.01
TBVpS0.01
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -111.15%
ROE -1812.06%
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)-106.4%
ROA(5y)-89.86%
ROE(3y)N/A
ROE(5y)N/A
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 Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 8.04
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 4.82%
Cap/Sales 3.04%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.85
Quick Ratio 1.85
Altman-Z -5.33
F-Score1
WACC9.31%
ROIC/WACCN/A
Cap/Depr(3y)555.94%
Cap/Depr(5y)612.44%
Cap/Sales(3y)87.08%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
EPS Next Y-4.66%
EPS Next 2Y35.82%
EPS Next 3Y33.04%
EPS Next 5Y51.18%
Revenue 1Y (TTM)8.83%
Revenue growth 3YN/A
Revenue growth 5Y156.17%
Sales Q2Q%-125.26%
Revenue Next Year-60.02%
Revenue Next 2Y250.97%
Revenue Next 3Y233.44%
Revenue Next 5Y215.01%
EBIT growth 1Y3.23%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-8.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.87%
OCF growth 3YN/A
OCF growth 5YN/A

OCUGEN INC / OCGN Fundamental Analysis FAQ

What is the fundamental rating for OCGN stock?

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


What is the valuation status for OCGN stock?

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


What is the profitability of OCGN stock?

OCUGEN INC (OCGN) has a profitability rating of 0 / 10.


What is the financial health of OCUGEN INC (OCGN) stock?

The financial health rating of OCUGEN INC (OCGN) is 1 / 10.