NasdaqGM:WVE

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Executive Summary

Wave Life Sciences Ltd., a clinical stage genetic medicine company, designs, optimizes, and produces of novel stereopure oligonucleotides through PRISM, a discovery and drug developing platform.


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: WVE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-10.4%

WVE

2.8%

US Pharmaceuticals

4.0%

US Market


1 Year Return

-62.9%

WVE

0.9%

US Pharmaceuticals

4.9%

US Market

Return vs Industry: WVE underperformed the US Pharmaceuticals industry which returned 0.9% over the past year.

Return vs Market: WVE underperformed the US Market which returned 5% over the past year.


Shareholder returns

WVEIndustryMarket
7 Day-10.4%2.8%4.0%
30 Day6.0%-2.1%1.3%
90 Day20.1%9.0%29.5%
1 Year-62.9%-62.9%3.6%0.9%7.2%4.9%
3 Year-45.5%-45.5%23.8%14.7%36.1%27.2%
5 Yearn/a27.8%13.0%65.3%46.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

16.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WVE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WVE's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: WVE 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 WVE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WVE is overvalued based on its PB Ratio (16.4x) compared to the US Pharmaceuticals industry average (3.3x).


Next Steps

Future Growth

How is Wave Life Sciences forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

3.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: WVE's revenue (33.8% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: WVE's revenue (33.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

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

-44.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WVE is currently unprofitable.

Growing Profit Margin: WVE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WVE is unprofitable, and losses have increased over the past 5 years at a rate of -44% per year.

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

Earnings vs Industry: WVE is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (16.1%).


Return on Equity

High ROE: WVE has a negative Return on Equity (-685.41%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wave Life Sciences's financial position?


Financial Position Analysis

Short Term Liabilities: WVE's short term assets ($149.8M) exceed its short term liabilities ($118.9M).

Long Term Liabilities: WVE's short term assets ($149.8M) exceed its long term liabilities ($91.0M).


Debt to Equity History and Analysis

Debt Level: WVE is debt free.

Reducing Debt: WVE has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.


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: WVE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: WVE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 46.6% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if WVE'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 WVE'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?

2.5yrs

Average management tenure


CEO

Paul Bolno (46yo)

6.58yrs

Tenure

US$3,581,526

Compensation

Dr. Paul B. Bolno, M.D., MBA has been the Chief Executive Officer and President of WAVE Life Sciences Ltd. since December 2013. Prior to joining WAVE, Dr. Bolno served at GlaxoSmithKline from 2009 to 2013  ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD3.58M) is above average for companies of similar size in the US market ($USD2.15M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Paul Bolno
President6.58yrsUS$3.58m0.68% $2.4m
Chandra Vargeese
Senior Vice President of Platform & Discovery Sciences5.92yrsUS$1.24m0.042% $144.7k
Michael Panzara
Chief Medical Officer1.58yrsUS$1.27m0.051% $174.7k
David Gaiero
Interim Chief Financial Officer0.50yrno data0.0061% $21.2k
Kyle Moran
Senior Vice President of Finance & Operations3.42yrsno datano data
Kate Rausch
Head of Investor Relations1.25yrsno datano data
Linda Rockett
General Counsel4.17yrsno datano data
Christopher Francis
Senior VP of Corporate Development & Head of Emerging Areas3.5yrsUS$1.68m0.035% $119.7k
Jose Juves
Senior Vice President of Corporate Affairs & Patient Advocacy0.50yrno datano data
Kenneth Rhodes
Senior Vice President of Therapeutics Discovery0.17yrno datano data

2.5yrs

Average Tenure

47.5yo

Average Age

Experienced Management: WVE's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Bolno
President6.58yrsUS$3.58m0.68% $2.4m
Gregory Verdine
Director7yrsUS$293.16k0.086% $297.3k
Mark H. Corrigan
Independent Director0.83yrUS$259.09kno data
Christian Henry
Independent Chairperson2.75yrsUS$206.11kno data
Koji Miura
Independent Director7.75yrsUS$150.88kno data
Adrian Rawcliffe
Independent Director3.42yrsUS$150.88kno data
Peter Kolchinsky
Independent Director5.5yrsUS$151.60kno data
Ken Takanashi
Independent Director8yrsUS$151.33kno data
Heidi Wagner
Independent Director0.83yrUS$258.28kno data
Amy Pott
Independent Director0.83yrUS$258.55kno data

4.5yrs

Average Tenure

53.5yo

Average Age

Experienced Board: WVE's board of directors are considered experienced (4.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wave Life Sciences Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wave Life Sciences Ltd.
  • Ticker: WVE
  • Exchange: NasdaqGM
  • Founded: 2012
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: US$345.785m
  • Shares outstanding: 34.89m
  • Website: https://www.wavelifesciences.com

Number of Employees


Location

  • Wave Life Sciences Ltd.
  • Marina One East Tower
  • No. 12-00, 7 Straits View
  • Singapore
  • 18936
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WVENasdaqGM (Nasdaq Global Market)YesOrdinary SharesUSUSDNov 2015
1U5DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2015

Biography

Wave Life Sciences Ltd., a clinical stage genetic medicine company, designs, optimizes, and produces of novel stereopure oligonucleotides through PRISM, a discovery and drug developing platform. The company is primarily developing oligonucleotides that target genetic defects to either reduce the expression of disease-promoting proteins or transform the production of dysfunctional mutant proteins into the production of functional proteins. It focuses on programs in neurology in the central nervous system and neuromuscular system. The company has a research, license, and option agreement with Pfizer Inc. and Takeda Pharmaceutical Company Limited for the research, development, and commercialization of stereopure oligonucleotide therapeutics and oligonucleotide therapeutics; and research, development, and develop antisense oligonucleotides. Wave Life Sciences Ltd. was founded in 2012 and is based in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 23:56
End of Day Share Price2020/07/02 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.