KalVista Pharmaceuticals (KALV) AI Stock Analysis

• Market Cap: $591.12M
• Dividend Yield: N/A
• Average Volume (3M): 569.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: N/A
• EPS Growth: -18.75%
• Country: US
• Employees: 150
• Sector: Healthcare
• Sector Strength: 76
• Industry: Biotechnology
• EPS (TTM): -3.73
• Shares Outstanding: 49,715,637
• 10 Day Avg. Volume: 591,472
• 30 Day Avg. Volume: 569,859
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -4.50
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $23.86
• Price Target Upside: 100.67% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

KalVista Pharmaceuticals scores a 52.2, reflecting a blend of financial challenges and positive strategic moves. Significant weaknesses in financial performance and valuation are counterbalanced by strong technical momentum and promising corporate developments. Key risks include the company's ongoing financial struggles, while the strategic appointment and technical indicators offer potential upside.

Positive Factors

Commercial Strategy

KalVista has already onboarded its field sales team in preparation for the US launch of sebetralstat, indicating proactive steps towards commercialization.

FDA Approval

Sebetralstat is highly likely to garner an approval, driving positive sentiment for the company.

Negative Factors

Financial Performance

The company reported a quarterly net loss of $48.5M for the period.

Sales Expectations

Management does not expect EU sebetralstat revenues to be higher than US sales, leading to a moderate lowering of ex-US sales expectations.

KalVista Pharmaceuticals Business Overview & Revenue Model

Company Description

KalVista Pharmaceuticals, Inc. is a clinical stage pharmaceutical company, which engages in the discovery, development, and commercialization of small molecule protease inhibitors. Its product candidates are inhibitors of plasma kallikrein being developed for two indications: hereditary angioedema (HAE) and diabetic macular edema (DME). The company was founded by T. Andrew Crockett, Edward P. Feener, and Lloyd Paul Aiello and is headquartered in Cambridge, MA.

How the Company Makes Money

KalVista Pharmaceuticals generates revenue through strategic partnerships, collaborations, and licensing agreements with larger pharmaceutical companies, which provide funding and resources to support its research and development activities. As a clinical-stage company, KalVista does not yet generate revenue from product sales but aims to do so upon successful development and commercialization of its product candidates. The company's financial performance is significantly influenced by milestone payments and royalties from successful partnerships, as well as potential future sales of approved therapies.

KalVista Pharmaceuticals Financial Statement Overview

Summary

KalVista Pharmaceuticals faces significant financial challenges, characterized by weak revenue generation and profitability. The income statement reveals high negative EBIT and net income, while the balance sheet shows moderate leverage but ongoing losses. Cash flow analysis highlights cash burn and liquidity risks, necessitating improvements in revenue streams and expense management.

Income Statement

KalVista Pharmaceuticals has faced significant challenges in generating revenue, with total revenue at $1.2 million in the TTM. Gross profit margin is modest at 63.26%, but the company is struggling with high negative EBIT and net income, leading to negative EBIT and net profit margins. The revenue growth is inconsistent, and the overall financial health from an income perspective is weak.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.04, indicating low leverage. However, the company has a negative return on equity due to continuous losses. The equity ratio stands at 52.58%, showing that over half of the assets are financed by equity, which is positive, but the company's financial stability is affected by ongoing losses.

Cash Flow

Cash flow analysis shows a negative operating cash flow of $127.6 million in the TTM, indicating cash outflows exceed inflows from operations, which is concerning. The company has a negative free cash flow and a weak cash flow to net income ratio, highlighting significant cash burn and potential liquidity risks.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
1.21M	0.00	0.00	0.00	12.69M	12.69M
	Gross Profit
763.00K	-86.17M	-802.00K	-743.00K	12.04M	12.65M
	EBIT
-181.42M	-140.44M	-110.87M	-96.61M	-57.92M	-40.53M
	EBITDA
-175.20M	-134.28M	-92.11M	-81.60M	-45.59M	-40.02M
	Net Income Common Stockholders
-175.87M	-126.64M	-74.85M	-68.51M	-44.49M	-29.12M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
253.20M	210.40M	149.38M	166.20M	248.93M	67.71M
	Total Assets
275.99M	235.40M	183.20M	203.88M	272.01M	92.53M
	Total Debt
5.78M	7.32M	8.23M	8.19M	5.91M	1.65M
	Net Debt
-161.51M	-24.47M	-48.01M	-22.54M	-44.68M	-14.14M
	Total Liabilities
130.87M	28.82M	22.18M	18.79M	14.82M	8.78M
	Stockholders Equity
145.13M	206.58M	161.03M	185.09M	257.19M	83.75M
Cash Flow		Free Cash Flow
-128.06M	-89.67M	-76.46M	-79.06M	-30.25M	-45.04M
	Operating Cash Flow
-127.65M	-89.23M	-75.26M	-78.13M	-30.17M	-44.82M
	Investing Cash Flow
-31.83M	-84.72M	41.41M	57.86M	-147.65M	16.75M
	Financing Cash Flow
305.17M	150.71M	58.12M	1.58M	212.12M	11.58M

KalVista Pharmaceuticals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KALV, the sentiment is Positive. The current price of 11.89 is above the 20-day moving average (MA) of 11.72, above the 50-day MA of 10.09, and above the 200-day MA of 11.10, indicating a bullish trend. The MACD of 0.60 indicates Positive momentum. The RSI at 58.81 is Neutral, neither overbought nor oversold. The STOCH value of 31.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KALV.

KalVista Pharmaceuticals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNSA	66 Neutral	$1.70B	―	-9.85%	―	56.60%	-403.56%
ARQT	56 Neutral	$2.02B	―	-113.76%	―	229.74%	70.23%
KALV	52 Neutral	$591.12M	―	-150.50%	―	―	-18.75%
ANAB	50 Neutral	$523.79M	―	-182.71%	―	432.03%	14.41%
Sector *	49 Neutral	$6.95B	0.67	-53.43%	2.47%	22.78%	1.44%
BCRX	44 Neutral	$1.67B	―	18.68%	―	36.00%	63.50%
FGEN	42 Neutral	$31.79M	―	60.38%	―	5.59%	83.59%

KalVista Pharmaceuticals Corporate Events

KalVista Pharmaceuticals Appoints New COO Amid Strategic Growth

KalVista Pharmaceuticals appointed Jebediah T. Ledell as Chief Operating Officer effective December 16, 2024, leveraging his extensive experience in the biotechnology industry to support the company’s evolution into a commercial entity. The appointment is strategically significant as KalVista prepares for the global launch of its transformative therapy, sebetralstat, enhancing its efforts to improve treatment for hereditary angioedema.