4d Molecular Therapeutics, Inc.

Health Care
Biotechnology: Biological Products (No Diagnostic Substances)
www.4dmoleculartherapeutics.com

Moat Score

Market Cap $429.85M
PE -4
Debt $NaN
Cash $189.06M
EV $NaN
FCF -$87.17M

Earnings

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Sales & Net Margins

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Earnings	-$109.89M
EBIT	-$131.22M
ROE	-19%
ROA	-21%
FCF	-$87.17M
Equity	$588.34M
Growth Stability	1
PE	-3.91
PB	0.73
P/FCF	-4.93
P/S	21.26
Price/Cash	0.44
Net Margins	-204K%
Op. Margins	-649%
Sales Growth YoY	-98%
Sales Growth QoQ	-82%
Sales CAGR	-5%
Equity CAGR	21%
Earnings Growth YoY	18%

Earnings Growth QoQ	8%
Sales CAGR 5Y	-5%
Equity CAGR 5Y	21%
Earnings CAGR 3Y	23%
Sales CAGR 3Y	23%
Equity CAGR 3Y	29%
Market Cap	$429.85M
Revenue	$20.22M
Assets	$620.12M
Cash	$189.06M
Shares Outstanding	51.91M
Moat Score	2%
Working Capital	533.23M
Current Ratio	28.48
Shares Growth 3y	23%
Equity Growth QoQ	-2%
Equity Growth YoY	81%

Assets & ROA

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Stockholders Equity & ROE

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4D Molecular Therapeutics Inc a clinical-stage gene therapy company engaged in the development of product candidates using targeted and evolved AAV vectors. It has built portfolio of gene therapy product candidates focused in three therapeutic areas: ophthalmology (intravitreal vector), cardiology (intravenous vector) and pulmonology (aerosol vector). It has three product candidates in clinical trials: 4D-125 for the treatment of X-linked retinitis pigmentosa in a Phase 1/2 clinical trial, 4D-110 for the treatment of choroideremia in a Phase 1 clinical trial, and 4D-310 for the treatment of Fabry disease in a Phase 1/2 clinical trial. Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration, and 4D-710 for the treatment of cystic fibrosis lung disease.

SEC Filings

Direct access to 4d Molecular Therapeutics, Inc. (FDMT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does 4d Molecular Therapeutics, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of 4d Molecular Therapeutics, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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4d Molecular Therapeutics, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for 4d Molecular Therapeutics, Inc..

Years

Calculation mode

= -$872M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$87M	-$87M	-$87M	-$87M	-$87M	-$87M	-$87M	-$87M	-$87M	-$87M	-$87M	-$872M
DCF		-$79M	-$72M	-$65M	-$60M	-$54M	-$49M	-$45M	-$41M	-$37M	-$34M	-$336M
Value	-$872M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-706%	-416%	-395%	-3K%	-487%	-204K%
ROA	-	-20%	-20%	-42%	-33%	-21%
ROE	-	-22%	-22%	-46%	-33%	-19%

Bad Net Margins (-204.1K%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	95%	33%	-83%	562%	-5%
Earnings YoY growth	-	15%	26%	51%	-6%	-
Equity YoY growth	-	-451%	24%	-28%	33%	21%
FCF YoY growth	-	30%	51%	26%	-20%	-