NasdaqCM:ACHV

Stock Analysis Report

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Executive Summary

Achieve Life Sciences, Inc., a clinical-stage pharmaceutical company, develops and commercializes cytisinicline for smoking cessation and nicotine addiction in the United States and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Achieve Life Sciences's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACHV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.8%

ACHV

0.5%

US Biotechs

3.0%

US Market


1 Year Return

-90.0%

ACHV

27.3%

US Biotechs

9.9%

US Market

Return vs Industry: ACHV underperformed the US Biotechs industry which returned 26.8% over the past year.

Return vs Market: ACHV underperformed the US Market which returned 9.1% over the past year.


Shareholder returns

ACHVIndustryMarket
7 Day-1.8%0.5%3.0%
30 Day-11.2%9.2%8.2%
90 Day-18.9%12.8%0.4%
1 Year-90.0%-90.0%28.6%27.3%12.4%9.9%
3 Yearn/a34.7%30.2%31.0%22.3%
5 Yearn/a-1.9%-7.8%58.1%40.3%

Price Volatility Vs. Market

How volatile is Achieve Life Sciences's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Achieve Life Sciences undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACHV ($0.41) is trading below our estimate of fair value ($3.01)

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


Price To Earnings Ratio

PE vs Industry: ACHV is unprofitable, so we can't compare its PE Ratio to the Biotechs industry average.

PE vs Market: ACHV is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACHV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ACHV is good value based on its PB Ratio (0.9x) compared to the US Biotechs industry average (3.7x).


Next Steps

Future Growth

How is Achieve Life Sciences forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

68.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACHV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: ACHV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ACHV's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if ACHV's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ACHV's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ACHV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Achieve Life Sciences performed over the past 5 years?

-38.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACHV is currently unprofitable.

Growing Profit Margin: ACHV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ACHV is unprofitable, and losses have increased over the past 5 years at a rate of -38.5% per year.

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

Earnings vs Industry: ACHV is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (-4.5%).


Return on Equity

High ROE: ACHV has a negative Return on Equity (-92.17%), as it is currently unprofitable.


Next Steps

Financial Health

How is Achieve Life Sciences's financial position?


Financial Position Analysis

Short Term Liabilities: ACHV's short term assets ($12.9M) exceed its short term liabilities ($1.5M).

Long Term Liabilities: ACHV's short term assets ($12.9M) exceed its long term liabilities ($118.0K).


Debt to Equity History and Analysis

Debt Level: ACHV is debt free.

Reducing Debt: ACHV had no debt 5 years ago.


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: ACHV has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ACHV is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Achieve Life Sciences's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ACHV'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 ACHV's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACHV's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Rick Stewart (60yo)

2.83yrs

Tenure

US$796,644

Compensation

Dr. Richard A. B. Stewart, also known as Rick, has been Chairman, Chief Executive Officer and Director of Achieve Life Sciences, Inc. since August 2017. Dr. Stewart has been a Founder of Ricanto Limited, a ...


CEO Compensation Analysis

Compensation vs Market: Rick's total compensation ($USD796.64K) is above average for companies of similar size in the US market ($USD589.04K).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Richard A. Stewart
Chairman of the Board & CEO2.83yrsUS$796.64k0.59% $89.7k
Anthony Clarke
President2.83yrsUS$589.66k0.24% $37.1k
John Bencich
Executive VP5.83yrsUS$570.55k0.0056% $857.8
Cindy Jacobs
Executive VP & Chief Medical Officer11.83yrsUS$580.86k0.0075% $1.1k
Jaime Xinos
Executive Vice President of Commercial3.42yrsno datano data

3.4yrs

Average Tenure

60.5yo

Average Age

Experienced Management: ACHV's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard A. Stewart
Chairman of the Board & CEO2.83yrsUS$796.64k0.59% $89.7k
Anthony Clarke
President2.83yrsUS$589.66k0.24% $37.1k
H. Parker
Independent Non-Employee Director10.25yrsUS$81.53k0.00031% $47.5
Jay Moyes
Independent Non-Employee Director2.83yrsUS$80.03kno data
Scott Cormack
Non-Employee Director11.83yrsUS$61.53k0.0065% $1.0k
Donald Joseph
Lead Independent Directorno dataUS$97.53kno data
Martin Mattingly
Independent Non-Employee Director10yrsUS$82.53k0.00025% $38.3

6.4yrs

Average Tenure

63yo

Average Age

Experienced Board: ACHV's board of directors are considered experienced (6.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 446.4%.


Top Shareholders

Company Information

Achieve Life Sciences, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Achieve Life Sciences, Inc.
  • Ticker: ACHV
  • Exchange: NasdaqCM
  • Founded: 1991
  • Industry: Biotechnology
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: US$15.318m
  • Shares outstanding: 37.52m
  • Website: https://www.achievelifesciences.com

Number of Employees


Location

  • Achieve Life Sciences, Inc.
  • 1040 West Georgia Street
  • Suite 1030
  • Vancouver
  • British Columbia
  • V6E 4H1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACHVNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 2017
SP4NDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2017

Biography

Achieve Life Sciences, Inc., a clinical-stage pharmaceutical company, develops and commercializes cytisinicline for smoking cessation and nicotine addiction in the United States and internationally. Its product candidate include cytisinicline, a plant-based alkaloid that interacts with nicotine receptors in the brain to help reduce the severity of nicotine withdrawal symptoms. The company has license agreements with Sopharma AD and University of Bristol; and a strategic collaboration with National Institutes of Health for the development of cytisinicline for smoking cessation. Achieve Life Sciences, Inc. was incorporated in 1991 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 05:40
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.