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Innovent Biologics Inc IVBXF

Morningstar Rating
$4.91 −0.01 (0.20%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

IVBXF is trading at a 18% discount.
Price
$4.91
Fair Value
$4.56
Uncertainty
High
1-Star Price
$9.46
5-Star Price
$2.49
Economic Moat
Wfwvn
Capital Allocation
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Trading Information

Previous Close Price
$4.92
Day Range
$4.914.91
52-Week Range
$3.556.41
Bid/Ask
$3.79 / $5.69
Market Cap
$7.96 Bil
Volume/Avg
400 / 3,986

Key Statistics

Price/Earnings (Normalized)
Price/Sales
8.73
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Innovent Biologics, or Innovent, is one of the leading biotechnology companies in China. Listed on the Hong Kong Exchange in 2018, Innovent has eight commercialized oncology products and two commercialized non-oncology products as of August 2023. Its core asset is Tyvyt, a PD-1 inhibitor included in the National Reimbursement Drug Lists for the first-line treatment of five major cancers. Innovent has over 30 strategic collaborations with global pharmaceutical or biotech companies, such as Eli Lilly, Roche Group, Incyte, and others. It also has a wide spectrum of therapeutic targets in early clinical developments. Among its upcoming pipelines, the potential blockbuster is Mazdutide, a therapy for obesity and type 2 diabetes.
Sector
Healthcare
Industry
Biotechnology
Stock Style Box
Large Growth
Total Number of Employees
4,872

Competitors

Valuation

Metric
IVBXF
01099
02269
Price/Earnings (Normalized)
6.4614.89
Price/Book Value
5.080.751.41
Price/Sales
8.730.093.17
Price/Cash Flow
3.1410.10
Price/Earnings
IVBXF
01099
02269

Financial Strength

Metric
IVBXF
01099
02269
Quick Ratio
2.591.052.35
Current Ratio
3.001.392.78
Interest Coverage
−15.207.3525.95
Quick Ratio
IVBXF
01099
02269

Profitability

Metric
IVBXF
01099
02269
Return on Assets (Normalized)
−2.13%4.43%8.91%
Return on Equity (Normalized)
−3.97%24.34%13.28%
Return on Invested Capital (Normalized)
−4.85%9.74%10.45%
Return on Assets
IVBXF
01099
02269
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