Repligen (RGEN) AI Stock Analysis

• Market Cap: $6.85B
• Dividend Yield: N/A
• Average Volume (3M): 747.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• Revenue Growth: 4.88%
• EPS Growth: -196.93%
• Country: US
• Employees: 1,778
• Sector: Healthcare
• Sector Strength: 37
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 0.39
• Shares Outstanding: 56,183,100
• 10 Day Avg. Volume: 942,840
• 30 Day Avg. Volume: 747,756
• PEG Ratio: -7.90
• Price to Book (P/B): 3.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 56.89
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 2.66
• Enterprise Value/Gross Profit: 24.00
• Enterprise Value/Ebitda: 16.33
• 1Y Price Target: $173.33
• Price Target Upside: 42.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15

• Rating: 54 Neutral
• Price Target: $124.00 ▲(1.75%Upside)

Repligen's stock score is primarily driven by a positive earnings call highlighting strategic growth and strong order performance. However, the overall score is tempered by weak financial performance, especially in profitability and valuation concerns due to negative net income. The technical analysis further indicates weak market momentum, underscoring the need for caution.

Positive Factors

Financial Performance

Repligen reported better-than-expected financial results for their 1Q25, with revenues of $169.2 million, up 11.8% year-over-year, and adjusted earnings of $0.39 per share, compared to $0.30 in 1Q24.

Market Position

Repligen is considered a high-growth company in the attractive market of bioprocessing.

Revenue Growth

Repligen has favorably revised its top-line guidance for 2025 to a range of $695M to $720M, up from the prior $685-710M, signaling strong anticipated growth.

Negative Factors

Earnings Forecast

Repligen expects full-year 2025 GAAP net earnings of $0.76 - $0.85 per diluted share, down from the original guidance range of $0.90 - $0.99 per diluted share.

Market Conditions

Uncertainties related to current market and economic conditions could present barriers to achieving positive quarterly earnings comparisons in the near term.

Valuation Concerns

The company's valuation levels are considered a bit rich at this point.

Repligen Business Overview & Revenue Model

Company Description

Repligen Corporation develops and commercializes bioprocessing technologies and systems for use in biological drug manufacturing process in North America, Europe, the Asia Pacific, and internationally. It offers Protein A ligands that are the binding components of Protein A affinity chromatography resins; and cell culture growth factor products. The company's chromatography products include OPUS pre-packed chromatography columns, which are used in the purification of biologics; and OPUS smaller-scale columns that are used in the high throughput process development screening, viral clearance validation studies, and scale down validation of chromatography processes. It also offers ELISA test kits; and chromatography resins under the CaptivA brand. In addition, the company provides filtration products, such as XCell Alternating Tangential Flow systems that are filtration devices used in upstream perfusion and cell culture processing; TangenX flat sheet cassettes, which are used in downstream biologic drug concentration and formulation processes; KrosFlo tangential flow filtration and tangential flow depth filtration systems; Spectra/Por laboratory and process dialysis products, and SpectraFlo dynamic dialysis systems; and ProConnex single-use hollow fiber. Further, it provides process analytics products, such as slope spectroscopy systems under the SoloVPE, FlowVPE, and FlowVPX brands. The company sells its products to life sciences, biopharmaceutical, and diagnostics companies; laboratory researchers; and contract manufacturing organizations. Repligen Corporation has collaboration agreements with Navigo Proteins GmbH to develop multiple affinity ligands. Repligen Corporation was incorporated in 1981 and is headquartered in Waltham, Massachusetts.

How the Company Makes Money

Repligen makes money through the sale of its bioprocessing products and technologies to biopharmaceutical companies and CDMOs. The company's revenue model is based on selling consumables and equipment used in the manufacturing of biologic drugs. Key revenue streams include its filtration products, which are used in the purification process, and its chromatography and protein A products, which are essential in the separation and purification of proteins. Repligen's earnings are also supported by strategic partnerships with leading biopharmaceutical companies and a focus on innovation in bioprocessing technologies, which help to ensure a steady demand for its products as the biopharmaceutical industry continues to grow.

Repligen Financial Statement Overview

Summary

Repligen displays a mixed financial performance with strengths in its balance sheet and operational cash flow, but faces challenges in profitability and growth. The company maintains a strong equity position and low leverage, yet needs to address its declining net income and EBIT margins to improve its financial health and investor confidence.

Income Statement

Repligen's revenue shows a marginal growth from the previous year, but has declined from 2022. The gross profit margin for TTM is approximately 54.88%, indicating decent cost management. However, the company is experiencing negative net income and EBIT margins, highlighting profitability challenges. The EBITDA margin is positive at 13.80%, suggesting some operational efficiency.

Balance Sheet

The company's balance sheet is relatively strong with a debt-to-equity ratio of approximately 0.34, indicating low leverage. The equity ratio is around 69.60%, reflecting a healthy balance of equity financing. However, the return on equity is negative due to net losses, which is a concern for investors seeking returns.

Cash Flow

Repligen's cash flow statement shows a decrease in free cash flow compared to the annual report, with a negative free cash flow growth rate. The operating cash flow to net income ratio is negative due to the net loss, but operating cash flow remains positive, which indicates underlying operational strength despite profitability concerns.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	634.44M	632.36M	801.54M	670.53M	366.26M
Gross Profit	274.64M	308.83M	455.71M	391.25M	209.63M
EBITDA	82.10M	127.77M	246.93M	211.56M	101.62M
Net Income	-25.51M	35.60M	185.96M	128.29M	59.93M
Balance Sheet
Total Assets	2.83B	2.83B	2.52B	2.36B	1.90B
Cash, Cash Equivalents and Short-Term Investments	757.36M	751.32M	623.76M	603.81M	717.29M
Total Debt	686.25M	711.80M	422.96M	366.05M	275.42M
Total Liabilities	856.95M	866.34M	613.96M	608.29M	373.74M
Stockholders Equity	1.97B	1.97B	397.27M	1.75B	65.77M
Cash Flow
Free Cash Flow	142.49M	74.93M	38.74M	47.74M	36.28M
Operating Cash Flow	175.39M	113.92M	172.08M	119.02M	62.63M
Investing Cash Flow	-86.38M	-123.28M	-233.24M	-221.17M	-201.38M
Financing Cash Flow	-82.90M	248.96M	-13.34M	961.00K	305.92M

Repligen Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 121.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RGEN, the sentiment is Neutral. The current price of 121.87 is below the 20-day moving average (MA) of 123.37, below the 50-day MA of 124.09, and below the 200-day MA of 139.85, indicating a bearish trend. The MACD of -2.15 indicates Positive momentum. The RSI at 48.94 is Neutral, neither overbought nor oversold. The STOCH value of 33.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RGEN.

Repligen Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STVN	72 Outperform	$6.93B	51.51	9.08%	<0.01%	2.84%	-11.34%
ICUI	67 Neutral	$3.18B	―	-4.62%	―	7.19%	-56.19%
MMSI	66 Neutral	$5.03B	41.72	9.16%	―	8.24%	18.54%
TFX	63 Neutral	$5.13B	36.95	3.48%	1.17%	0.29%	-48.98%
MASI	61 Neutral	$8.75B	116.65	-23.93%	―	-0.12%	-713.82%
RGEN	54 Neutral	$6.85B	―	-1.16%	―	4.88%	-196.93%
Sector *	52 Neutral	$7.61B	0.10	-63.03%	2.08%	16.34%	0.32%

Repligen Corporate Events

Repligen Holds Annual Shareholders Meeting, Key Decisions Made

On May 15, 2025, Repligen Corporation held its Annual Meeting of Shareholders, where several key decisions were made. The shareholders elected ten directors to the board, ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, approved the compensation of the company’s executive officers, and sanctioned an amendment to the Certificate of Incorporation to limit the liability of certain officers. These decisions are expected to influence Repligen’s governance and operational strategies moving forward.

The most recent analyst rating on (RGEN) stock is a Buy with a $225.00 price target. To see the full list of analyst forecasts on Repligen stock, see the RGEN Stock Forecast page.