Market Cap
US$4.3b
Last Updated
2021/01/18 00:31 UTC
Data Sources
Company Financials +
Executive Summary
Immunovant, Inc., a clinical-stage biopharmaceutical company, develops monoclonal antibodies for the treatment of autoimmune diseases. More Details
Rewards
Risk Analysis
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Excellent balance sheet and overvalued.
Share Price & News
How has Immunovant's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: IMVT's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-11.1%
IMVT
3.5%
US Biotechs
-1.0%
US Market
1 Year Return
159.4%
IMVT
36.8%
US Biotechs
19.6%
US Market
Return vs Industry: IMVT exceeded the US Biotechs industry which returned 36.8% over the past year.
Return vs Market: IMVT exceeded the US Market which returned 19.6% over the past year.
Shareholder returns
| IMVT | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.1% | 3.5% | -1.0% |
| 30 Day | -11.8% | 4.8% | 2.3% |
| 90 Day | 5.7% | 21.7% | 13.1% |
| 1 Year | 159.4%159.4% | 39.0%36.8% | 22.3%19.6% |
| 3 Year | n/a | 30.5%23.6% | 45.3%35.7% |
| 5 Year | n/a | 43.9%33.0% | 124.8%99.8% |
Long-Term Price Volatility Vs. Market
How volatile is Immunovant's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Have Insiders Been Buying Immunovant, Inc. (NASDAQ:IMVT) Shares?4 months ago | Simply Wall St
Insider Buying: The Immunovant, Inc. (NASDAQ:IMVT) Chief Development & Technology Officer Just Bought US$191k Worth Of Shares4 months ago | Simply Wall St
Do Institutions Own Immunovant, Inc. (NASDAQ:IMVT) Shares?Valuation
Is Immunovant undervalued compared to its fair value and its price relative to the market?
11.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IMVT ($44.1) is trading below our estimate of fair value ($49.59)
Significantly Below Fair Value: IMVT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IMVT is unprofitable, so we can't compare its PE Ratio to the US Biotechs industry average.
PE vs Market: IMVT 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 IMVT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IMVT is overvalued based on its PB Ratio (9.8x) compared to the US Biotechs industry average (4.2x).
Next Steps
Future Growth
How is Immunovant forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMVT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: IMVT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: IMVT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: Insufficient data to determine if IMVT's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if IMVT's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IMVT is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Immunovant performed over the past 5 years?
-51.3%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: IMVT is currently unprofitable.
Growing Profit Margin: IMVT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if IMVT's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare IMVT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IMVT is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (-10.3%).
Return on Equity
High ROE: IMVT has a negative Return on Equity (-18.1%), as it is currently unprofitable.
Next Steps
Financial Health
How is Immunovant's financial position?
Financial Position Analysis
Short Term Liabilities: IMVT's short term assets ($450.3M) exceed its short term liabilities ($12.8M).
Long Term Liabilities: IMVT's short term assets ($450.3M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: IMVT is debt free.
Reducing Debt: IMVT 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: IMVT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if IMVT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Immunovant current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IMVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IMVT'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 IMVT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IMVT'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 IMVT'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?
1.0yrs
Average management tenure
CEO
Pete Salzmann (53 yo)
1.58yrs
Tenure
US$8,806,834
Compensation
Dr. Peter Salzmann, also known as Pete, M.D., M.B.A. is the Chief Executive Officer of Immunovant, Inc. since June 2019 and has been its Director since October 2019. Dr. Salzmann serves as Non-Independent ...
CEO Compensation Analysis
Compensation vs Market: Pete's total compensation ($USD8.81M) is above average for companies of similar size in the US market ($USD5.02M).
Compensation vs Earnings: Insufficient data to compare Pete's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.58yrs | US$8.81m | 0.38% $ 16.3m | |
| Chief Financial Officer | 1.17yrs | US$2.98m | no data | |
| Chief Development & Technology Officer | 1.25yrs | no data | 0.0051% $ 220.6k | |
| Chief Scientific Officer | 0.42yr | no data | no data | |
| Vice President of Marketing | 1yr | no data | no data | |
| Senior VP of Program Strategy | no data | no data | no data | |
| VP & Head of Neurology Development | 0.42yr | no data | no data | |
| VP & Head of Global Quality | 0.42yr | no data | no data | |
| Chief Medical Officer | no data | no data | no data |
1.0yrs
Average Tenure
56yo
Average Age
Experienced Management: IMVT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.58yrs | US$8.81m | 0.38% $ 16.3m | |
| Independent Director | 1.08yrs | US$19.46k | 0% $ 0 | |
| Independent Director | 1.25yrs | US$461.52k | 0.0047% $ 203.8k | |
| Independent Director | 1.25yrs | US$454.23k | 0.0047% $ 203.8k | |
| Chairperson of the Board | 1.58yrs | US$882.87k | 0.041% $ 1.8m | |
| Independent Director | 1.25yrs | US$458.30k | 0.0047% $ 203.8k | |
| Director | 0.92yr | no data | no data |
1.3yrs
Average Tenure
53yo
Average Age
Experienced Board: IMVT's board of directors are not considered experienced ( 1.3 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 73.4%.
Top Shareholders
Company Information
Immunovant, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Immunovant, Inc.
- Ticker: IMVT
- Exchange: NasdaqGS
- Founded:
- Industry: Biotechnology
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$4.317b
- Shares outstanding: 97.89m
- Website: https://www.immunovant.com
Number of Employees
Location
- Immunovant, Inc.
- 320 West 37th Street
- New York
- New York
- 10018
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IMVT | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Dec 2019 |
Biography
Immunovant, Inc., a clinical-stage biopharmaceutical company, develops monoclonal antibodies for the treatment of autoimmune diseases. It develops IMVT-1401, a novel fully human monoclonal antibody that se...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 00:31 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.