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DNA

Ginkgo Bioworks Holdings NYSE:DNA Stock Report

Last Price

US$2.80

Market Cap

US$4.8b

7D

-6.4%

1Y

-77.8%

Updated

23 Sep, 2022

Data

Company Financials +
DNA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

DNA Stock Overview

Ginkgo Bioworks Holdings, Inc., together with its subsidiaries, develops platform for cell programming.

Ginkgo Bioworks Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ginkgo Bioworks Holdings
Historical stock prices
Current Share PriceUS$2.80
52 Week HighUS$15.86
52 Week LowUS$2.09
Beta0
1 Month Change-1.41%
3 Month Change-2.10%
1 Year Change-77.78%
3 Year Changen/a
5 Year Changen/a
Change since IPO-72.33%

Recent News & Updates

Sep 13

Ginkgo Bioworks: May The Ginkgo King Grow

Summary Ginkgo Bioworks is, along with Amyris, the leader in synthetic biology. A one-of-a-kind business model, solid technology and platform, a wide range of markets and applications, compounding potential, a reasonable valuation, and minimal cash burn, make Ginkgo attractive. It's difficult to ascertain whether Ginkgo has bottomed yet, but it's likely close enough. Solid appreciation potential exists within five years (as it likely does for rival Amyris). Shares of Ginkgo Bioworks (NYSE:DNA) have sharply corrected in Q1 2022 and Q4 2021. Rate hikes and inflationary pressures have recently compressed multiples for companies with distant free cash flows, resulting in an adverse macroeconomic environment for growth stocks. This provides investors with a significant opportunity, as Ginkgo exhibits some of the key features of a market leader and industry disruptor. The Case for Ginkgo Ginkgo improves the speed, reduces the cost, and augments the probability of success of cell programming. To quote the firm's 2021 annual report: We are astounded by the diversity and potential impact of the cell programs that our customers are developing, which include (...) animal free meats for Motif, cannabinoids made by fermentation for Cronos, gene therapy improvements for Biogen, and even improving the brightness of glowing petunias for Light Bio! The firm's progress is reflected in its 2021 results. As per the 10-K: We exceeded all of our public targets in 2021, even after raising our outlook mid-year. We launched 31 new cell programs for customers-up 72% from 2020-and we generated $113 million in Foundry revenue-up 91% from 2020. ... We scaled our Biosecurity business from $17 million to $201 million of revenue in one year... Furthermore, a cash balance at the end of Q2 2022 of approximately $1.4 billion (compared to $1.5 billion at Q4e 2021) demonstrates the firm's ability to minimize cash burn, a key competitive differentiator. Archrival Amyris (AMRS) has had to contend with repeated cycles of negative operating cash flows and stock dilutions to build an otherwise promising business. Amyris now seems committed to non-diluting existing shareholders via a combination of upfront technology payment, non-equity financing, and technology earnout revenue from preexisting deals. The pursuit of positive cash flow and non-dilutive financing might signal a major turn in fortune for Amyris and its shareholders (no wonder CEO John Melo initiated his first purchase of shares in the open market recently). In addition, the cash balance provides the resources Ginkgo needs to invest as it pursues profitability. Platform Foundation, Scale Economics, and Compounding Opportunities The foundation of Ginkgo's platform includes two core assets that execute a wide variety of cell programs for customers according to their specifications. One, the Foundry wraps proprietary software and automation around core cell engineering workflows-designing, writing, testing, inserting DNA into cells - and leverages data analytics to inform each iteration of design. The platform drives a strong scale economic. Key to compounding is Knight's Law, after Ginkgo co-founder Tom Knight, which stipulates that Ginkgo has roughly tripled the output of its automated labs while reducing costs by 50% every year (with the exception of 2020 due to COVID-19). Two, the Codebase includes both physical (engineered cells and genetic parts) and digital (genetic sequences and performance data) biological assets, and accumulates as Ginkgo executes more cell programs on the platform. Every program, whether successful or not, generates valuable Codebase and helps inform future experimental designs, making them more efficient. As the platform improves with scale, it drives more scale, which drives further platform improvements, etc. A virtuous cycle between Foundry, Codebase, and the value delivered to customers creates a positive feedback loop. Ginkgo thus has a powerful engine that allows for true wealth compounding, and the stock may accrue shareholders significant net worth as the business grows. In order to maintain exponential growth and innovate for scale over long periods of time, Ginkgo also leverages acquisitions. For instance, there's the recent acquisition of Zymergen, which adds new capabilities to the platform. And Ginkgo has key relationships with suppliers such as Twist. Maintaining Knight's Law and creating significant value require a long-term orientation, which stock ownership incentivizes. Ginkgo thus weighs its employee compensation toward equity rather than cash, and has implemented a multi-class stock structure that permits all employees, not just founders, to hold super-voting common stock. Ubiquity, Versatility, Market Opportunity Cell programming has the potential to be as ubiquitous in the physical world as computer programming has become in the digital world. Biology is programmable and offers the tools to transform how humans manufacture or produce. Better products might be more sustainable, have more resilient supply chains or higher quality, or require lower economic and environmental costs of manufacturing. Pharma and Biotech Biopharma has been a nexus of tremendous innovation in cell programming and synthetic biology. As illustrated below, biologics now account for slightly more than 25% of all drugs approved by the U.S. Food and Drug Administration (FDA). Drugs (New Chemical Entities and Biologics) approved by the FDA in the last 25 years (The Pharmaceutical Industry in 2021. An Analysis of FDA Drug Approvals from the Perspective of Molecules by Beatriz G. de la Torre and Fernando Albericio, Diego Muñoz-Torrero, Academic Editor) Ginkgo contributes its cell programming platform to various biologics or gene-based campaigns, thereby delivering innovations across a range of disease areas. These include helping develop "living medicines" (Synlogic (SYBX)), meet COVID-19 vaccine production requirements (Moderna (MRNA)), pursue novel antibiotics (Roche (OTCQX:RHHBY)), etc. Industrials and Environment The world must innovate new manufacturing methods in order to not only meet demand, but also clean up the environment and address climate change. Through various collaborations and the formation of Allonnia, a company targeting environmental remediation, Ginkgo helps customers create cell programs that enable cost-efficient, renewable, and sustainable production of chemicals and materials. Food and Agriculture Cell programming can likewise be leveraged to improve food availability or decrease the environmental impact of food production. Ginkgo helps leading multinational agriculture companies, including Bayer (OTCPK:BAYZF) and Corteva (CTVA), develop cell programs that can make crop production more efficient and sustainable, reducing nitrogen fertilizer and pesticide usage. Ginkgo recently announced plans to expand platform capabilities in agricultural biologics and launched a flagship partnership with Bayer. Global Opportunity For several decades, software ran in local environments: companies deployed and managed their own servers and customized their applications. The dominance of software-as-a-service and cloud computing over the past decade has demonstrated the value in having common architectures, resulting in higher efficiency, scalability, and innovation. Ginkgo might usher in a similar transition in cell programming. Given the breadth of application areas and the potential of biology, the end markets for bioengineered products seem enormous. According to McKinsey & Company, a pipeline of about 400 use cases is already percolating with a potential direct economic impact of $4 trillion a year over the next 10-20 years. Taking into account new applications yet to emerge and additional scientific breakthroughs, the full ramifications could be far larger. Fee Structure For each of the cell programs it launches, Ginkgo generates economic value in two ways. First, it charges usage fees for foundry services, in much the same way that cloud computing companies charge usage fees for utilization of computing capacity. Second, Ginkgo negotiates a value share with its customers, typically in the form of royalties, milestones, and/or equity interests. The idea is to align Ginkgo's economics with the success of the programs its platform enables. As Ginkgo adds new programs, the portfolio of downstream value potential enablers grows. Because Ginkgo typically incurs no downstream costs (e.g., manufacturing or marketing, which customers manage), these value share payments flow through with approximately 100% contribution margin. To quote Ginkgo's 10-K (linked above): This flexible business model allows for more predictable near-term revenue while not sacrificing the company's ability to create long-term value with asymmetric upside. Of course, rival Amyris gets cents per ml when selling squalene as an ingredient, but dollars when selling it in Biossance direct to consumer; the margin difference thus justifies Amyris' keenness on building brands. The critical idea here is that both Amyris and Ginkgo's business models, while radically different, have significant appeal. It's likely that we're seeing the birth of not one but two industry leaders in synthetic biology. In a similar vein, Apple (AAPL) and Microsoft (MSFT) rose to prominence in their industry and coexist to this day. The stocks of both synbio players could enjoy similar fortunes. Foundry Usage Fees The first stage of a cell program consists of R&D work being performed on Ginkgo's platform, leveraging its Foundry and Codebase. Customers regard R&D as a cost to be incurred regardless of success. Ginkgo provides a very efficient platform to conduct this R&D work, encouraging companies to adopt it. The unit costs of its cell engineering services are several times less expensive on average than a customer doing equivalent R&D in house by hand. Ginkgo typically earns usage fees tied to the increments of work that it performs on behalf of its customers. As its platform matures, Ginkgo steadily increases the portion of R&D costs covered upfront by customers; new programs are structured to fully offset its direct costs, which will eventually enable Ginkgo to earn a slim margin. Per the annual report (linked above): Foundry usage fees provide a strong foundation of predictable revenue that is independent of any commercialization efforts by our partners. As we continue to scale the Foundry and build Codebase, we expect to drive further efficiencies and decrease our average unit costs. ... We pass these efficiencies on to our customers, increasing the number of shots on goal and, therefore, the likelihood of program success given a fixed budget. ... The right choice for long-term value creation is to pass the savings to our customers, reducing the barriers to adoption and driving increased demand for our platform. The multiyear nature of an average cell programming project means that usage fees are predictable and recurring in nature. Additionally, given the lead times inherent in developing technical plans as part of a sales process, Ginkgo has good visibility into new Foundry usage fee bookings. This provides a strong foundation for the business. Downstream Multipliers and Value Share As the key enabling technology for its customers' products, Ginkgo is able to earn a share of the value of the products created using its platform. Ginkgo has structured a variety of value sharing mechanisms, including royalties, equity, and lump-sum commercial milestone payments. Because the economics should be identical, Ginkgo is agnostic on which form of downstream value capture it receives. The decision is contingent on customer size and preference. Because Ginkgo will have completed the program (and received associated usage fees) prior to realizing downstream value and incurs minimal to no costs once the strain is commercialized, cash flows from the downstream value capture component generally fall straight to the bottom line. This dynamic may enhance long-term returns as its clients successfully commercialize products generated on its platform. Ginkgo's Sustainable Competitive Advantage Ginkgo benefits from significant historical investments, a virtuous cycle that grows with scale, and a strong business model aligned with customers' outcomes. It might have taken Ginkgo over eight years of investment and iteration to reach cost parity with "by hand" cell programming. Its software and data infrastructure cannot be easily replicated without deploying a number of rare, specialized skillsets. These provide a strong sustainable advantage and likely establish Ginkgo as an industry standard. Only Amyris, which took just about as many years to reach maturity, boasts similar capabilities, with the difference being that Amyris has also developed a major manufacturing arm (Barra Bonita, etc.). Again, the pursuit of different business models, both valid, is in play. Ginkgo has no interest in manufacturing products itself. Amyris chooses to target direct-to-consumer markets in specific industries and vertically integrate into products to capture high margins and maximize value creation. This requires incurring higher costs (manufacturing and marketing) and at times burning cash. Now that Amyris has built the foundational infrastructure, however, it is entering a new stage; the stock likely is at an inflection point. Per Ginkgo's 10-K (linked above): This has a tendency to overfit the capabilities of [Amyris'] R&D team to their targets. [Ginkgo's] continued scaling and investment in flexible tools that can apply to a broad range of end markets helps us drive efficiencies in the Foundry and Codebase across our diverse programs. Conflicts of interest An advantage worth pondering is Ginkgo's systematic avoidance of conflicts of interest. Amyris might leverage its technology platform to develop superior end products in certain vertical industries (say, skincare), but then a subset of skincare companies might find it more challenging to entrust work of any kind to a potential competitor on related fronts. Put another way, why would Givaudan use Amyris' fermentation tanks to more efficiently produce rare molecules typically extracted from plants if Amyris can leverage the very same platform to build similar products that may ultimately compete? Granted, a number of non-compete and similar arrangements could delineate fronts of coexistence, but given the choice, certain firms may prefer to deal with a pure-play platform and agnostic multi-industry contributor. Biosecurity Revenue In the second quarter of 2020, in response to the pandemic, Ginkgo launched its commercial offering of COVID-19 testing products and services for businesses and other organizations. Ginkgo generates product revenue through the sale of various diagnostic test kits and service revenue through that of its end-to-end COVID-19 testing services, including sample collection kits, physician authorizations, onsite test administration, outsourced laboratory PCR analysis, and access to results reported through a web-based portal. Beginning in the first quarter of 2021, Ginkgo launched its pooled testing initiative, which focuses on providing end-to-end COVID-19 testing and reporting services to public health authorities, K-12 schools, and airports through its partnership with XpresCheck and the CDC. Critically, Ginkgo believes that testing services might in the future 1) thrive internationally, and 2) target other use cases including wastewater and air monitoring. Recent Business Highlights Demonstrate Growth Potential Top Line Full-year 2021 total revenue of $314 million is up from $77 million in 2020, an increase of 309%. Full-year 2021 foundry revenue of $113 million is up from $59 million in 2020, an increase of 91%. Full-year 2021 biosecurity revenue of $201 million beats outlook of $110 million. Quarterly results are unsurprisingly more volatile. Q2 2022 total revenue of $145 million is up from $44 million in Q2 2021, an increase of 231%, but down from $168 million in Q1 2022, up itself from $44 million in Q1 2021 - an increase of 282%. COVID-19 biosecurity demand might be receding but the emergence of variants and other factors could keep it volatile. Q2 2022 foundry revenue of $44 million is up from $22 million in Q2 2021, an increase of 105%. The firm added 13 new cell programs, representing 86% growth. It added 11 cell programs in Q1 2022, representing 175% growth over Q1 2021. Q1 2022 foundry revenue of $21 million, which did not include material downstream value share payments, was down from $23 million in Q1 2021. Q2 2022 biosecurity (Concentric) revenue of $100 million is down from $147 million in Q1 2022. An expected slowdown in COVID-related activities is likely responsible for the sequential deceleration. Concentric hopes to expand the range of biosecurity applications by piloting new modalities, including wastewater and air monitoring. Ginkgo continues to expect to add 60 cell programs to the Foundry in 2022. It further revised its total revenue expectation from $375-$390 million to $425-$440 million in 2022. Ginkgo continues to expect Foundry revenue of $165-$180 million in 2022. While Biosecurity remains an uncertain business, based on strong year-to-date performance Ginkgo expects Biosecurity revenue in 2022 of at least $260 million. Bottom Line The full-year 2021 loss from operations of $1.8 billion, inclusive of a planned "catch-up" SBC (stock-based compensation) expense of $1.7 billion, compares to -$137 million in 2020. However, 2021 adjusted EBITDA of -$106 million improved from -$121 million in 2020. Similarly, Q2 and Q1 2022 losses from operations of $647 million and $675 million, respectively (inclusive of SBC expense of $607 million and $659 million, respectively), compares to a loss from operations of $60 million and $57 million in Q2 and Q1 2021. But Q2 and Q1 2022 Adjusted EBITDA of -$23 million and -$2 million, improved from -$38 million and -$51 million in Q2 and Q1 2021, respectively. The SBC expense primarily relates to the GAAP accounting for the modification of restricted stock units issued prior to becoming a public company (as detailed below). Stock-Based Compensation In recent quarters, Ginkgo recognized billions of dollars of stock-based compensation expense. Prior to becoming a public company in September 2021, Ginkgo granted restricted stock units (RSUs) with both a service-based and a performance-based vesting condition, defined as a change in control or an initial public offering. As previously disclosed, on Nov. 17, 2021, the board of directors modified the vesting terms of RSUs, such that Ginkgo's business combination with Soaring Eagle Acquisition Corp. was deemed to have met the performance condition for vesting. This resulted in a catch-up adjustment of $1.5(+) billion of incremental SBC expense in Q4 2021. As of June 30, 2022, there was under $1.2 billion of unrecognized stock-based compensation expense related to the catch-up adjustment for those RSUs not yet vested - to be recognized over a weighted-average period of one year. Valuation The shares of synthetic biology stocks have declined by around 75% on average in Q4 2021 and Q1 2022, way more than sector proxy SPDR S&P Biotech ETF (XBI), down 28%. Rate hikes and inflation prospects have compressed multiples for companies with distant free cash flows. It is thus best to adjust risk premiums to valuations and embed higher discount rates for the future cash flows of long duration names like Ginkgo. Ginkgo should be valued based on the downstream value share as it constitutes the wealth capture model for the company and frames the investment rationale. The downstream value share-based DCF model depends upon the average value of each cell program and the number of cell programs Ginkgo can launch.

Aug 26
Is There An Opportunity With Ginkgo Bioworks Holdings, Inc.'s (NYSE:DNA) 50% Undervaluation?

Is There An Opportunity With Ginkgo Bioworks Holdings, Inc.'s (NYSE:DNA) 50% Undervaluation?

How far off is Ginkgo Bioworks Holdings, Inc. ( NYSE:DNA ) from its intrinsic value? Using the most recent financial...

Shareholder Returns

DNAUS ChemicalsUS Market
7D-6.4%-5.6%-5.2%
1Y-77.8%-14.9%-23.1%

Return vs Industry: DNA underperformed the US Chemicals industry which returned -13.3% over the past year.

Return vs Market: DNA underperformed the US Market which returned -21.6% over the past year.

Price Volatility

Is DNA's price volatile compared to industry and market?
DNA volatility
DNA Average Weekly Movement12.7%
Chemicals Industry Average Movement6.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: DNA is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: DNA's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2008641Jason Kellyhttps://www.ginkgobioworks.com

Ginkgo Bioworks Holdings, Inc., together with its subsidiaries, develops platform for cell programming. Its platform is used to program cells to enable biological production of products, such as novel therapeutics, food ingredients, and chemicals derived from petroleum. The company serves various end markets, including specialty chemicals, agriculture, food, consumer products, and pharmaceuticals.

Ginkgo Bioworks Holdings Fundamentals Summary

How do Ginkgo Bioworks Holdings's earnings and revenue compare to its market cap?
DNA fundamental statistics
Market CapUS$4.85b
Earnings (TTM)-US$2.96b
Revenue (TTM)US$539.13m

9.0x

P/S Ratio

-1.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DNA income statement (TTM)
RevenueUS$539.13m
Cost of RevenueUS$238.22m
Gross ProfitUS$300.90m
Other ExpensesUS$3.26b
Earnings-US$2.96b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.71
Gross Margin55.81%
Net Profit Margin-549.38%
Debt/Equity Ratio0%

How did DNA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DNA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DNA?

Other financial metrics that can be useful for relative valuation.

DNA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.6x
Enterprise Value/EBITDA-1.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does DNA's PS Ratio compare to its peers?

DNA PS Ratio vs Peers
The above table shows the PS ratio for DNA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.5x
ASH Ashland
2.2x3.5%US$5.3b
AXTA Axalta Coating Systems
1.1x3.3%US$4.9b
LTHM Livent
9.3x18.5%US$5.5b
ESI Element Solutions
1.6x4.1%US$4.1b
DNA Ginkgo Bioworks Holdings
9x33.3%US$4.8b

Price-To-Sales vs Peers: DNA is expensive based on its Price-To-Sales Ratio (9x) compared to the peer average (3.5x).


Price to Earnings Ratio vs Industry

How does DNA's PE Ratio compare vs other companies in the US Chemicals Industry?

Price-To-Sales vs Industry: DNA is expensive based on its Price-To-Sales Ratio (9x) compared to the US Chemicals industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is DNA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DNA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9x
Fair PS Ratio12x

Price-To-Sales vs Fair Ratio: DNA is good value based on its Price-To-Sales Ratio (9x) compared to the estimated Fair Price-To-Sales Ratio (12x).


Share Price vs Fair Value

What is the Fair Price of DNA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DNA ($2.8) is trading below our estimate of fair value ($6.16)

Significantly Below Fair Value: DNA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Ginkgo Bioworks Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


59.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DNA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DNA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DNA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DNA's revenue (33.3% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: DNA's revenue (33.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DNA is forecast to be unprofitable in 3 years.


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Past Performance

How has Ginkgo Bioworks Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1,377.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: DNA is currently unprofitable.

Growing Profit Margin: DNA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if DNA's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare DNA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DNA is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (21.1%).


Return on Equity

High ROE: DNA has a negative Return on Equity (-189.56%), as it is currently unprofitable.


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Financial Health

How is Ginkgo Bioworks Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: DNA's short term assets ($1.6B) exceed its short term liabilities ($135.0M).

Long Term Liabilities: DNA's short term assets ($1.6B) exceed its long term liabilities ($292.1M).


Debt to Equity History and Analysis

Debt Level: DNA is debt free.

Reducing Debt: DNA has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DNA has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DNA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Ginkgo Bioworks Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DNA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DNA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DNA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DNA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DNA has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Jason Kelly (41 yo)

no data

Tenure

US$380,742,276

Compensation

Dr. Jason Kelly serves as Director of Genomatica, Inc. Dr. Kelly Founded Ginkgo Bioworks, Inc. (nka:Ginkgo Bioworks Holdings, Inc.) since 2008 and serves as its Chief Executive Officer and has served as Di...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD380.74M) is above average for companies of similar size in the US market ($USD8.36M).

Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: DNA's management team is considered experienced (5 years average tenure).


Board Members

Experienced Board: DNA's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 83.26% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.54%
Baillie Gifford & Co.
205,327,786$574.9m22.4%0.29%
8.54%
Cascade Investment, L.L.C.
151,865,481$425.2m0%1.09%
6.47%
Viking Global Investors LP
115,084,126$322.2m-66.06%1.48%
6.11%
Austin Che
108,703,220$304.4m31.09%no data
6.08%
Jason Kelly
108,213,460$303.0m31.28%no data
6.04%
Reshma Shetty
107,511,425$301.0m31.55%no data
6.04%
Bartholomew Canton
107,511,425$301.0m31.55%no data
4.91%
ARK Investment Management LLC
87,358,057$244.6m35.37%1.62%
4.87%
The Vanguard Group, Inc.
86,735,032$242.9m195.69%0.01%
3.9%
General Atlantic Service Company, L.P.
69,435,733$194.4m-23.54%1.78%
3.89%
Anchorage Capital Group, L.L.C.
69,158,354$193.6m0%22.36%
3.83%
Thomas Knight
68,087,797$190.6m0%no data
2.08%
Morgan Stanley Investment Management Inc.
37,003,130$103.6m53.93%0.08%
1.82%
BlackRock, Inc.
32,353,263$90.6m102.8%no data
1.78%
Eagle Equity Partners, LLC
31,590,948$88.5m0%28.38%
1.23%
Nikko Asset Management Co., Ltd.
21,858,173$61.2m46.49%0.03%
0.7%
State Street Global Advisors, Inc.
12,411,855$34.8m210.29%no data
0.68%
Geode Capital Management, LLC
12,020,740$33.7m22.66%no data
0.63%
Senator Investment Group LP
11,135,257$31.2m-75.8%2.27%
0.51%
Thomas F. Knight Jr. Grantor Retained Annuity Trust
8,992,533$25.2m0%no data
0.45%
Coatue Management, L.L.C.
7,937,724$22.2m0%0.25%
0.39%
Knight Family Trust
6,995,255$19.6m0%no data
0.32%
Novalis LifeSciences Investments LLC
5,780,364$16.2m0%43.01%
0.24%
T. Rowe Price Group, Inc.
4,189,639$11.7m-52.56%no data
0.23%
Goldman Sachs Group, Investment Banking and Securities Investments
4,172,756$11.7m1204.42%0.01%

Company Information

Ginkgo Bioworks Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ginkgo Bioworks Holdings, Inc.
  • Ticker: DNA
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: US$4.847b
  • Shares outstanding: 1.73b
  • Website: https://www.ginkgobioworks.com

Number of Employees


Location

  • Ginkgo Bioworks Holdings, Inc.
  • 27 Drydock Avenue
  • 8th Floor
  • Boston
  • Massachusetts
  • 2210
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DNANYSE (New York Stock Exchange)YesClass A Common StockUSUSDApr 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.