IGM Biosciences Financials

IGMS Stock  USD 8.89  0.88  9.01%   
Based on the key indicators related to IGM Biosciences' liquidity, profitability, solvency, and operating efficiency, IGM Biosciences is not in a good financial situation at this time. It has a very high odds of going through financial crisis in December. At this time, IGM Biosciences' Other Stockholder Equity is comparatively stable compared to the past year. Total Liabilities is likely to gain to about 231.2 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 23.7 M in 2024. Key indicators impacting IGM Biosciences' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio8.618.1824
Sufficiently Up
Slightly volatile
The financial analysis of IGM Biosciences is a critical element in measuring its lifeblood. Investors should not minimize IGM Biosciences' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(234.1 Million)

  
Understanding current and past IGM Biosciences Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of IGM Biosciences' financial statements are interrelated, with each one affecting the others. For example, an increase in IGM Biosciences' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in IGM Biosciences' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of IGM Biosciences. Check IGM Biosciences' Beneish M Score to see the likelihood of IGM Biosciences' management manipulating its earnings.

IGM Biosciences Stock Summary

IGM Biosciences competes with Avidity Biosciences, Cullinan Oncology, Mineralys Therapeutics,, Monte Rosa, and Design Therapeutics. IGM Biosciences, Inc., a biotechnology company, develops Immunoglobulin M antibodies for the treatment of cancer, infectious diseases, and autoimmune and inflammatory diseases. IGM Biosciences, Inc. was incorporated in 1993 and is headquartered in Mountain View, California. Igm Biosciences operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 242 people.
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS4495851085
CUSIP449585108
LocationCalifornia; U.S.A
Business Address325 East Middlefield
SectorBiotechnology
IndustryHealth Care
BenchmarkDow Jones Industrial
Websiteigmbio.com
Phone650 965 7873
CurrencyUSD - US Dollar

IGM Biosciences Key Financial Ratios

IGM Biosciences Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets261.4M408.6M298.1M513.5M423.4M300.2M
Other Current Liab3.3M4.0M15.6M27.8M31.5M33.1M
Net Tangible Assets240.2M381.8M244.9M287.3M330.4M192.1M
Net Debt(21.2M)(228.8M)(104.6M)(80.1M)(72.0M)(75.6M)
Retained Earnings(107.2M)(188.6M)(353.7M)(574.8M)(821.2M)(780.2M)
Accounts Payable3.1M7.9M5.6M2.5M1.3M1.3M
Cash35.9M241.1M133.3M121.2M112.5M101.6M
Other Assets258K548K1.0M2.0M2.3M2.4M
Capital Surpluse751K347.1M570.0M598.4M688.1M722.5M
Other Current Assets6.4M14.0M11.2M21.3M9.9M10.0M
Total Liab21.1M26.8M53.2M226.2M220.2M231.2M
Net Invested Capital240.2M381.8M244.9M287.3M203.2M197.4M
Total Current Assets231.1M373.3M240.7M438.4M347.6M256.8M
Net Working Capital222.2M356.0M213.0M393.7M305.1M233.1M
Short Term Debt2.5M5.3M6.6M11.6M5.8M5.8M
Common Stock304K319K325K431K331K270.0K
Capital Stock304K319K325K431K586K361.0K

IGM Biosciences Key Cash Accounts

201920202021202220232024 (projected)
Investments(203.2M)57.7M28.1M(225.6M)64.2M67.4M
Change In Cash33.9M205.2M(107.0M)(12.1M)(8.8M)(8.4M)
Free Cash Flow(47.5M)(84.8M)(137.6M)(16.1M)(204.6M)(194.4M)
Depreciation597K1.0M4.5M6.1M8.3M8.7M
Capital Expenditures2.3M17.5M13.2M10.2M12.4M8.9M
Net Income(43.1M)(81.4M)(165.2M)(221.1M)(246.4M)(234.1M)
End Period Cash Flow35.9M241.1M134.0M121.9M113.1M101.9M
Change To Netincome2.4M11.0M25.7M54.0M62.1M65.2M
Other Non Cash Items1.7M2.6M3.2M9.3M6.1M4.2M

IGM Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining IGM Biosciences's current stock value. Our valuation model uses many indicators to compare IGM Biosciences value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across IGM Biosciences competition to find correlations between indicators driving IGM Biosciences's intrinsic value. More Info.
IGM Biosciences is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, IGM Biosciences' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value IGM Biosciences by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

IGM Biosciences Systematic Risk

IGM Biosciences' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. IGM Biosciences volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on IGM Biosciences correlated with the market. If Beta is less than 0 IGM Biosciences generally moves in the opposite direction as compared to the market. If IGM Biosciences Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one IGM Biosciences is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of IGM Biosciences is generally in the same direction as the market. If Beta > 1 IGM Biosciences moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in IGM Biosciences Stock are looking for potential investment opportunities by analyzing not only static indicators but also various IGM Biosciences' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of IGM Biosciences growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.21

At this time, IGM Biosciences' Price Earnings To Growth Ratio is comparatively stable compared to the past year.

IGM Biosciences November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of IGM Biosciences help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of IGM Biosciences. We use our internally-developed statistical techniques to arrive at the intrinsic value of IGM Biosciences based on widely used predictive technical indicators. In general, we focus on analyzing IGM Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build IGM Biosciences's daily price indicators and compare them against related drivers.

Additional Tools for IGM Stock Analysis

When running IGM Biosciences' price analysis, check to measure IGM Biosciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IGM Biosciences is operating at the current time. Most of IGM Biosciences' value examination focuses on studying past and present price action to predict the probability of IGM Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Biosciences' price. Additionally, you may evaluate how the addition of IGM Biosciences to your portfolios can decrease your overall portfolio volatility.