Adverum Biotechnologies
Market Cap
US$1.1b
Last Updated
2021/01/18 23:46 UTC
Data Sources
Company Financials +
Executive Summary
Adverum Biotechnologies, Inc., a clinical-stage gene therapy company, engages in developing gene therapy product candidates to treat ocular and rare diseases. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 9.1% per year for the next 3 years
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet with limited growth.
Share Price & News
How has Adverum Biotechnologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ADVM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ADVM's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-6.7%
ADVM
3.2%
US Biotechs
-0.4%
US Market
1 Year Return
-3.0%
ADVM
36.8%
US Biotechs
19.5%
US Market
Return vs Industry: ADVM underperformed the US Biotechs industry which returned 36.8% over the past year.
Return vs Market: ADVM underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| ADVM | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.7% | 3.2% | -0.4% |
| 30 Day | -7.9% | 4.8% | 2.3% |
| 90 Day | -2.6% | 22.4% | 12.7% |
| 1 Year | -3.0%-3.0% | 39.0%36.8% | 22.3%19.5% |
| 3 Year | 120.8%120.8% | 27.5%20.8% | 44.4%34.8% |
| 5 Year | 78.2%78.2% | 46.3%35.2% | 128.7%103.3% |
Long-Term Price Volatility Vs. Market
How volatile is Adverum Biotechnologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
How Much Are Adverum Biotechnologies, Inc. (NASDAQ:ADVM) Insiders Spending On Buying Shares?2 months ago | Simply Wall St
We're Not Very Worried About Adverum Biotechnologies' (NASDAQ:ADVM) Cash Burn RateValuation
Is Adverum Biotechnologies undervalued compared to its fair value and its price relative to the market?
2.38x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ADVM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ADVM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ADVM is unprofitable, so we can't compare its PE Ratio to the US Biotechs industry average.
PE vs Market: ADVM 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 ADVM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ADVM is good value based on its PB Ratio (2.4x) compared to the US Biotechs industry average (4.2x).
Next Steps
Future Growth
How is Adverum Biotechnologies forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADVM is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: ADVM is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: ADVM is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: ADVM's revenue (74.8% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: ADVM's revenue (74.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADVM is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Adverum Biotechnologies performed over the past 5 years?
-1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADVM is currently unprofitable.
Growing Profit Margin: ADVM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ADVM is unprofitable, and losses have increased over the past 5 years at a rate of 1% per year.
Accelerating Growth: Unable to compare ADVM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ADVM is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (-10.3%).
Return on Equity
High ROE: ADVM has a negative Return on Equity (-21.26%), as it is currently unprofitable.
Next Steps
Financial Health
How is Adverum Biotechnologies's financial position?
Financial Position Analysis
Short Term Liabilities: ADVM's short term assets ($459.7M) exceed its short term liabilities ($16.1M).
Long Term Liabilities: ADVM's short term assets ($459.7M) exceed its long term liabilities ($26.9M).
Debt to Equity History and Analysis
Debt Level: ADVM is debt free.
Reducing Debt: ADVM 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: ADVM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ADVM has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 22.4% each year
Next Steps
Dividend
What is Adverum Biotechnologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ADVM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ADVM'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 ADVM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ADVM'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 ADVM'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?
1.3yrs
Average management tenure
CEO
Laurent Fischer (56 yo)
0.58
Tenure
Dr. Laurent Fischer, M.D., serves as Chief Executive Officer and Director at Adverum Biotechnologies, Inc. since June 15, 2020. He has been Senior Advisor on the Frazier Healthcare Partners' Life Sciences ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$2.83m | 0.093% $ 1.0m | |
| Chief Financial Officer | 1.75yrs | US$2.55m | 0.0024% $ 26.6k | |
| Chief Medical Officer | 1.75yrs | US$2.38m | 0.0014% $ 15.3k | |
| CEO & Director | 0.58yr | no data | 0.0079% $ 87.4k | |
| Chief Technology Officer | 0.92yr | no data | no data | |
| Vice President of Investor Relations & Corporate Communications | 1.42yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 1.25yrs | no data | 0.011% $ 121.6k | |
| Vice President of Human Resources | 1.42yrs | no data | no data |
1.3yrs
Average Tenure
47.5yo
Average Age
Experienced Management: ADVM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.58yr | no data | 0.0079% $ 87.4k | |
| Independent Director | 4.67yrs | US$468.10k | 0.019% $ 214.0k | |
| Independent Director | 1.67yrs | US$789.81k | 0.055% $ 606.4k | |
| Independent Director | 0.75yr | no data | no data | |
| Independent Chairman | 1.67yrs | US$504.00k | 0.070% $ 775.3k | |
| Director | 0.083yr | no data | no data | |
| Director | 1.33yrs | US$106.38k | 0.16% $ 1.8m | |
| Independent Director | 3.33yrs | US$478.57k | 0.033% $ 363.9k | |
| Independent Director | 1.67yrs | US$785.74k | 0% $ 0 | |
| Independent Director | 1.67yrs | US$790.96k | 0% $ 0 |
1.7yrs
Average Tenure
56yo
Average Age
Experienced Board: ADVM's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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 50.9%.
Top Shareholders
Company Information
Adverum Biotechnologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Adverum Biotechnologies, Inc.
- Ticker: ADVM
- Exchange: NasdaqGM
- Founded: 2006
- Industry: Biotechnology
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$1.108b
- Shares outstanding: 97.48m
- Website: https://www.adverum.com
Number of Employees
Location
- Adverum Biotechnologies, Inc.
- 800 Saginaw Drive
- Redwood City
- California
- 94063
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ADVM | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Aug 2014 |
| AVU | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 2014 |
| 0HA3 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Aug 2014 |
Biography
Adverum Biotechnologies, Inc., a clinical-stage gene therapy company, engages in developing gene therapy product candidates to treat ocular and rare diseases. Its pipeline of product candidates includes AD...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 23:46 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.