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Molecular Partners AG (CH:MOLN)
:MOLN
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Molecular Partners AG
(MOLN)
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Rating:54Neutral
Price Target:
CHF3.50
▲(5.42% Upside)
Molecular Partners AG's overall stock score is primarily influenced by its financial performance challenges, including declining revenues and persistent losses. Technical analysis provides some positive momentum, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh on the score.
Positive Factors
Innovative Technology Platform
The proprietary DARPins platform allows for the development of targeted therapies, enhancing treatment efficacy and safety, which is a strong competitive advantage in the biotech industry.
Strategic Partnerships
Strategic partnerships with major pharmaceutical firms provide access to additional resources and expertise, which can accelerate the development and commercialization of new therapies.
Pipeline Advancement
The advancement of MP0712 into clinical trials represents progress in the pipeline, potentially leading to new treatment options and revenue streams if successful.
Negative Factors
Declining Revenues
Persistent revenue declines indicate challenges in monetizing the pipeline, which could affect long-term financial sustainability and operational funding.
Cash Flow Issues
Negative cash flow reflects ongoing cash burn, which can strain resources and necessitate additional financing, impacting long-term operational stability.
Profitability Concerns
Sustained losses and negative margins highlight profitability challenges, which could hinder the company's ability to reinvest in R&D and growth initiatives.
Molecular Partners AG (MOLN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
$129.20M
Dividend YieldN/A
Average Volume (3M)17.77K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth-100.00%
EPS Growth14.45%
CountryCH
Employees158
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.55
Shares Outstanding40,374,640
10 Day Avg. Volume21,556
30 Day Avg. Volume17,775
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.98
Price to Sales (P/S)27.80
P/FCF Ratio-2.30
Enterprise Value/Market Cap0.03
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-0.37
Enterprise Value/Ebitda-0.06
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Molecular Partners AG Business Overview & Revenue Model
Company DescriptionMolecular Partners AG (MOLN) is a biotechnology company based in Switzerland that specializes in the development of innovative therapies using its proprietary DARPins (designed ankyrin repeat proteins) technology platform. The company focuses on creating targeted therapeutics for various diseases, particularly in oncology and ophthalmology. Its core products include a pipeline of therapeutic candidates that leverage DARPins to selectively bind to disease targets, enhancing the efficacy and safety of treatments.
How the Company Makes MoneyMolecular Partners generates revenue primarily through a combination of licensing agreements, collaborations with pharmaceutical companies, and potential milestone payments associated with the development of its therapeutic candidates. The company often enters into partnerships that allow it to co-develop drugs, which can provide upfront payments and royalties on future sales. Additionally, if its drug candidates receive regulatory approval, the company can earn significant milestone payments from partners. The monetization of its DARPins technology through these collaborations is a critical aspect of its revenue model, alongside potential future product sales.
Molecular Partners AG Earnings Call Summary
Earnings Call Date:Mar 06, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Mar 12, 2026
Earnings Call Sentiment Positive
Molecular Partners demonstrated significant progress in advancing their pipeline, particularly with the radio DARPin franchise and T cell engager 533, while maintaining a strong financial position. However, the discontinuation of the Novartis collaboration and resulting revenue impact were notable drawbacks.Q4-2024 Updates
Positive Updates
Successful Execution of 2024 Program Goals
Molecular Partners advanced their radio DARPin franchise with the lead compound DLL3 targeting 712 passing all IND-enabling studies, ready for clinical trials. They selected mesothelin as a new target and expanded their collaboration with Orano Med, securing 10 slots for Lead-212 isotope.
Positive Financial Health
The company ended 2024 with a cash balance of CHF 149 million, which supports operations into 2027. They raised CHF 20 million through financing, maintaining a solid financial base with no debt.
Encouraging Clinical Results and Pipeline Progression
The T cell engager 533 showed significant improvements in efficacy with new dosing strategies, resulting in 3 complete responses out of 8 patients treated past day 12.
Negative Updates
Novartis Collaboration Setback
The collaboration with Novartis was not continued as the targets did not progress as expected. This decision was mutual and based on strategic interests.
Revenue Decline from Novartis Collaboration
Revenue decreased as 2024 recognized the last part of the upfront payment from the Novartis collaboration, with no further revenue expected from this source.
Company Guidance
During the Molecular Partners Fourth Quarter and Full Year 2024 Results Call, several notable metrics and guidance were provided. For the fiscal year 2024, the company reported revenues of CHF 5 million, exclusively from the Novartis collaboration. Operating expenses were CHF 66 million, within the guidance range of CHF 65 million to CHF 70 million, with 74% allocated to R&D. The net financial result benefited from high interest rates, contributing to an end-of-year cash balance of CHF 149 million, down from CHF 187 million the previous year, resulting in a cash burn of CHF 54 million. Looking ahead to 2025, Molecular Partners anticipates operating expenses between CHF 55 million and CHF 65 million, excluding potential partnership payments. The company is focused on advancing its radio DARPin programs, particularly MP0712, with expectations to start clinical trials and provide initial imaging data by the end of the year, while also progressing with its T cell engager program, MP0533, in AML, with new dosing amendments and outcomes expected by year-end.Molecular Partners AG Financial Statement Overview
Summary
Molecular Partners AG faces financial challenges with declining revenues and persistent losses impacting profitability. While the balance sheet remains relatively strong with low leverage, cash flow issues highlight the need for operational improvements to enhance long-term sustainability.Income Statement
Molecular Partners AG has experienced significant revenue declines in recent years, with a sharp drop from 2022 to 2023. The company has negative net and EBIT margins, reflecting ongoing losses. The gross profit margin improved in 2024, but overall profitability remains a concern.40
Negative
Balance Sheet
The company maintains a solid equity position with a high equity ratio over several years. However, there is a significant reduction in stockholders' equity from 2022 to 2024. Debt levels are low relative to equity, indicating limited leverage risk.60
Neutral
Cash Flow
Despite a positive operating cash flow in 2022, cash flow has been negative in recent years. Free cash flow has deteriorated, reflecting ongoing cash burn. The company benefits from cash reserves, mitigating immediate liquidity concerns.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 4.97M | 7.04M | 189.56M | 9.33M | 9.34M |
| Gross Profit | -8.88M | -42.53M | -40.81M | 138.81M | -46.39M | -46.73M |
| EBITDA | -58.01M | -51.63M | -59.52M | 119.00M | -60.66M | -59.58M |
| Net Income | -60.24M | -54.04M | -61.98M | 117.85M | -63.78M | -62.76M |
Balance Sheet | ||||||
| Total Assets | 112.15M | 158.53M | 198.35M | 262.26M | 172.67M | 187.55M |
| Cash, Cash Equivalents and Short-Term Investments | 104.52M | 149.44M | 186.89M | 249.14M | 132.81M | 173.72M |
| Total Debt | 1.53M | 2.44M | 3.65M | 4.85M | 6.04M | 7.22M |
| Total Liabilities | 16.62M | 16.89M | 21.92M | 27.09M | 65.38M | 80.33M |
| Stockholders Equity | 95.53M | 141.64M | 176.43M | 235.17M | 107.29M | 107.22M |
Cash Flow | ||||||
| Free Cash Flow | -54.01M | -59.97M | -59.81M | 117.15M | -92.26M | -30.67M |
| Operating Cash Flow | -53.30M | -59.25M | -59.01M | 118.57M | -90.95M | -28.98M |
| Investing Cash Flow | 56.10M | 40.49M | 44.64M | -101.12M | -22.24M | -21.75M |
| Financing Cash Flow | 14.45M | 14.43M | -1.17M | -1.57M | 50.58M | 113.20M |
Molecular Partners AG Technical Analysis
Positive
3.32
Price Trends
3.07
Positive
3.01
Positive
3.19
Positive
Market Momentum
0.03
Positive
54.73
Neutral
40.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:MOLN, the sentiment is Positive. The current price of 3.32 is above the 20-day moving average (MA) of 3.28, above the 50-day MA of 3.07, and above the 200-day MA of 3.19, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 54.73 is Neutral, neither overbought nor oversold. The STOCH value of 40.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:MOLN.
Molecular Partners AG Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $285.44M | 11.94 | ― | ― | 744.64% | ― | |
54 Neutral | $129.20M | -1.97 | -49.86% | ― | -100.00% | 14.45% | |
53 Neutral | $159.55M | ― | -301.13% | ― | -56.85% | -186.55% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
44 Neutral | CHF923.88M | -5.26 | ― | ― | 229.23% | 63.47% | |
43 Neutral | $34.44M | ― | -40.91% | ― | -52.81% | 63.16% |
* Healthcare Sector Average
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Molecular Partners AG Corporate Events
Molecular Partners Reports H1 2025 Progress and Financial Stability
Aug 26, 2025
Molecular Partners AG is a clinical-stage biotech company focused on developing DARPin therapeutics, a novel class of protein drugs, primarily targeting oncology.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.