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TRACON PHARMACEUTICALS INC (TCON) Stock Fundamental Analysis

NASDAQ:TCON - Nasdaq - US89237H3084 - Common Stock - Currency: USD

1.43  -0.02 (-1.38%)

After market: 1.08 -0.35 (-24.48%)

Fundamental Rating

4

Overall TCON gets a fundamental rating of 4 out of 10. We evaluated TCON against 558 industry peers in the Biotechnology industry. The financial health of TCON is average, but there are quite some concerns on its profitability. TCON has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

TCON had positive earnings in the past year.
TCON had a positive operating cash flow in the past year.
In the past 5 years TCON always reported negative net income.
TCON had negative operating cash flow in 4 of the past 5 years.
TCON Yearly Net Income VS EBIT VS OCF VS FCFTCON 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 0 -10M -20M -30M

1.2 Ratios

The Return On Assets of TCON (18.69%) is better than 99.13% of its industry peers.
Industry RankSector Rank
ROA 18.69%
ROE N/A
ROIC N/A
ROA(3y)-97.7%
ROA(5y)-92.61%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TCON Yearly ROA, ROE, ROICTCON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2K 4K 6K

1.3 Margins

TCON has a Profit Margin of 14.39%. This is amongst the best in the industry. TCON outperforms 97.04% of its industry peers.
TCON does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 14.39%
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
TCON Yearly Profit, Operating, Gross MarginsTCON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 -2K -4K -6K -8K

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4

2. Health

2.1 Basic Checks

TCON does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, TCON has more shares outstanding
Compared to 5 years ago, TCON has more shares outstanding
There is no outstanding debt for TCON. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
TCON Yearly Shares OutstandingTCON Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 500K 1M 1.5M 2M
TCON Yearly Total Debt VS Total AssetsTCON Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M

2.2 Solvency

Based on the Altman-Z score of -36.21, we must say that TCON is in the distress zone and has some risk of bankruptcy.
TCON's Altman-Z score of -36.21 is on the low side compared to the rest of the industry. TCON is outperformed by 93.03% of its industry peers.
TCON 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 N/A
Debt/FCF 0
Altman-Z -36.21
ROIC/WACCN/A
WACC74.74%
TCON Yearly LT Debt VS Equity VS FCFTCON Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M

2.3 Liquidity

TCON has a Current Ratio of 0.80. This is a bad value and indicates that TCON is not financially healthy enough and could expect problems in meeting its short term obligations.
TCON's Current ratio of 0.80 is on the low side compared to the rest of the industry. TCON is outperformed by 90.59% of its industry peers.
A Quick Ratio of 0.80 indicates that TCON may have some problems paying its short term obligations.
With a Quick ratio value of 0.80, TCON is not doing good in the industry: 90.07% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.8
TCON Yearly Current Assets VS Current LiabilitesTCON Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M

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6

3. Growth

3.1 Past

TCON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 808.59%, which is quite impressive.
Measured over the past years, TCON shows a very strong growth in Revenue. The Revenue has been growing by 32.05% on average per year.
EPS 1Y (TTM)808.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-269.44%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5Y32.05%
Sales Q2Q%N/A

3.2 Future

Based on estimates for the next years, TCON will show a very negative growth in Earnings Per Share. The EPS will decrease by -15.22% on average per year.
Based on estimates for the next years, TCON will show a very strong growth in Revenue. The Revenue will grow by 63.68% on average per year.
EPS Next Y-142.4%
EPS Next 2Y-51.36%
EPS Next 3Y-84.04%
EPS Next 5Y-15.22%
Revenue Next Year-100%
Revenue Next 2Y-66.67%
Revenue Next 3Y32.08%
Revenue Next 5Y63.68%

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.
TCON Yearly Revenue VS EstimatesTCON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2021 2023 2025 2026 2027 2028 2029 2030 2031 100M 200M 300M
TCON Yearly EPS VS EstimatesTCON Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 10 -10 -20 -30 -40

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 0.16, the valuation of TCON can be described as very cheap.
Based on the Price/Earnings ratio, TCON is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
TCON is valuated cheaply when we compare the Price/Earnings ratio to 26.69, which is the current average of the S&P500 Index.
TCON is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 0.16
Fwd PE N/A
TCON Price Earnings VS Forward Price EarningsTCON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of TCON indicates a rather cheap valuation: TCON is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 0.62
EV/EBITDA N/A
TCON Per share dataTCON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6 8

4.3 Compensation for Growth

A cheap valuation may be justified as TCON's earnings are expected to decrease with -84.04% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-51.36%
EPS Next 3Y-84.04%

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0

5. Dividend

5.1 Amount

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

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TRACON PHARMACEUTICALS INC

NASDAQ:TCON (6/27/2024, 7:53:15 PM)

After market: 1.08 -0.35 (-24.48%)

1.43

-0.02 (-1.38%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)05-14 2024-05-14/amc
Earnings (Next)08-12 2024-08-12/amc
Inst Owners9.71%
Inst Owner Change0%
Ins Owners214.98%
Ins Owner Change0%
Market Cap3.83M
Analysts80
Price Target31.11 (2075.52%)
Short Float %N/A
Short RatioN/A
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)51.34%
Min EPS beat(2)-9.57%
Max EPS beat(2)112.26%
EPS beat(4)3
Avg EPS beat(4)238.94%
Min EPS beat(4)-9.57%
Max EPS beat(4)537.41%
EPS beat(8)4
Avg EPS beat(8)115.22%
EPS beat(12)4
Avg EPS beat(12)66.7%
EPS beat(16)7
Avg EPS beat(16)54.23%
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)771.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2457.58%
EPS NY rev (1m)0%
EPS NY rev (3m)-943.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 0.16
Fwd PE N/A
P/S 0.32
P/FCF 0.62
P/OCF 0.62
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)9.07
EY634.27%
EPS(NY)-2.92
Fwd EYN/A
FCF(TTM)2.29
FCFY160.11%
OCF(TTM)2.29
OCFY160.11%
SpS4.53
BVpS-0.66
TBVpS-0.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 18.69%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 14.39%
GM N/A
FCFM 50.52%
ROA(3y)-97.7%
ROA(5y)-92.61%
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
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-Score8
Asset Turnover1.3
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 351.03%
Current Ratio 0.8
Quick Ratio 0.8
Altman-Z -36.21
F-Score8
WACC74.74%
ROIC/WACCN/A
Cap/Depr(3y)149.7%
Cap/Depr(5y)98.15%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)808.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-269.44%
EPS Next Y-142.4%
EPS Next 2Y-51.36%
EPS Next 3Y-84.04%
EPS Next 5Y-15.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5Y32.05%
Sales Q2Q%N/A
Revenue Next Year-100%
Revenue Next 2Y-66.67%
Revenue Next 3Y32.08%
Revenue Next 5Y63.68%
EBIT growth 1Y89.14%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y125.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y125.09%
OCF growth 3YN/A
OCF growth 5YN/A