Crinetics Pharmaceuticals
Market Cap
US$501.7m
Last Updated
2021/01/25 23:42 UTC
Data Sources
Company Financials +
Executive Summary
Crinetics Pharmaceuticals, Inc., a clinical stage pharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics for rare endocrine diseases and endocrine-related tumors. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 17.3% per year for the next 3 years
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 Crinetics Pharmaceuticals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CRNX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: CRNX's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
7.2%
CRNX
3.1%
US Biotechs
2.6%
US Market
1 Year Return
-32.2%
CRNX
48.3%
US Biotechs
26.0%
US Market
Return vs Industry: CRNX underperformed the US Biotechs industry which returned 48.3% over the past year.
Return vs Market: CRNX underperformed the US Market which returned 26% over the past year.
Shareholder returns
| CRNX | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.2% | 3.1% | 2.6% |
| 30 Day | 10.9% | 8.0% | 5.1% |
| 90 Day | 15.7% | 26.9% | 17.1% |
| 1 Year | -32.2%-32.2% | 50.8%48.3% | 28.9%26.0% |
| 3 Year | n/a | 23.7%16.9% | 46.3%36.6% |
| 5 Year | n/a | 59.8%47.5% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is Crinetics Pharmaceuticals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Insider Buying: The Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) Founder Just Bought US$65k Worth Of Shares2 months ago | Simply Wall St
Read This Before Buying Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) Shares4 months ago | Simply Wall St
We Think Crinetics Pharmaceuticals (NASDAQ:CRNX) Can Afford To Drive Business GrowthValuation
Is Crinetics Pharmaceuticals undervalued compared to its fair value and its price relative to the market?
2.68x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CRNX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CRNX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CRNX is unprofitable, so we can't compare its PE Ratio to the US Biotechs industry average.
PE vs Market: CRNX 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 CRNX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CRNX is good value based on its PB Ratio (2.7x) compared to the US Biotechs industry average (4.6x).
Next Steps
Future Growth
How is Crinetics Pharmaceuticals forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-17.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRNX is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CRNX is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CRNX is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CRNX's revenue (72.6% per year) is forecast to grow faster than the US market (10.6% per year).
High Growth Revenue: CRNX's revenue (72.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRNX is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Crinetics Pharmaceuticals performed over the past 5 years?
-55.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRNX is currently unprofitable.
Growing Profit Margin: CRNX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CRNX is unprofitable, and losses have increased over the past 5 years at a rate of 55.3% per year.
Accelerating Growth: Unable to compare CRNX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CRNX is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (-10.3%).
Return on Equity
High ROE: CRNX has a negative Return on Equity (-35.64%), as it is currently unprofitable.
Next Steps
Financial Health
How is Crinetics Pharmaceuticals's financial position?
Financial Position Analysis
Short Term Liabilities: CRNX's short term assets ($194.1M) exceed its short term liabilities ($8.8M).
Long Term Liabilities: CRNX's short term assets ($194.1M) exceed its long term liabilities ($4.3M).
Debt to Equity History and Analysis
Debt Level: CRNX is debt free.
Reducing Debt: CRNX 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: CRNX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CRNX has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 56.2% each year.
Next Steps
Dividend
What is Crinetics Pharmaceuticals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CRNX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CRNX'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 CRNX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CRNX'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 CRNX'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?
1.7yrs
Average management tenure
CEO
R. Struthers (58 yo)
12.08yrs
Tenure
US$3,766,662
Compensation
Dr. R. Scott Struthers, Ph.D. founded Crinetics Pharmaceuticals, Inc. in 2008 and serves as its Chief Executive Officer and President since December 2008. Prior to Crinetics, Dr. Struthers served as Senior...
CEO Compensation Analysis
Compensation vs Market: R.'s total compensation ($USD3.77M) is above average for companies of similar size in the US market ($USD1.65M).
Compensation vs Earnings: R.'s compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 12.08yrs | US$3.77m | 3.63% $ 18.2m | |
| CFO & Secretary | 3yrs | US$1.42m | 0.18% $ 896.0k | |
| Chief Medical Officer | 2.58yrs | US$1.55m | 0.015% $ 75.3k | |
| Founder & Vice President of Chemistry | no data | no data | no data | |
| Co-Founder & VP of Biology | no data | no data | no data | |
| Vice President of Human Resources | 0.67yr | no data | no data | |
| Chief Development Officer | 0.83yr | no data | 0.23% $ 1.2m | |
| Vice President of Clinical Endocrinology | 0.17yr | no data | no data | |
| Vice President of Corporate Strategy & Commercial Planning | no data | no data | no data |
1.7yrs
Average Tenure
55.5yo
Average Age
Experienced Management: CRNX's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 12.08yrs | US$3.77m | 3.63% $ 18.2m | |
| Independent Chairman of the Board | 5.25yrs | US$264.25k | 0.30% $ 1.5m | |
| Independent Director | 5.25yrs | US$231.75k | 0% $ 0 | |
| Independent Director | 2.92yrs | US$241.75k | 0.038% $ 191.1k | |
| Independent Director | 0.33yr | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | 4.17yrs | no data | no data | |
| Independent Director | 2.92yrs | US$229.25k | 0% $ 0 | |
| Independent Director | 1.5yrs | US$429.79k | no data | |
| Member of Scientific Advisory Board | 1.92yrs | no data | no data |
2.9yrs
Average Tenure
59yo
Average Age
Experienced Board: CRNX's board of directors are not considered experienced ( 2.9 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: CRNX 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 diluted in the past year, with total shares outstanding growing by 35.9%.
Top Shareholders
Company Information
Crinetics Pharmaceuticals, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Crinetics Pharmaceuticals, Inc.
- Ticker: CRNX
- Exchange: NasdaqGS
- Founded: 2008
- Industry: Biotechnology
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$501.736m
- Shares outstanding: 32.92m
- Website: https://www.crinetics.com
Number of Employees
Location
- Crinetics Pharmaceuticals, Inc.
- Building No. 2
- 10222 Barnes Canyon Road
- San Diego
- California
- 92121
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CRNX | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2018 |
| 6Z4 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2018 |
Biography
Crinetics Pharmaceuticals, Inc., a clinical stage pharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics for rare endocrine diseases and endocrine-related tumo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:42 |
| End of Day Share Price | 2021/01/25 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.