Summit Therapeutics PLC SMMT

15.61 (0.77) (4.70%) as of 25 Sep
Market cap
$13.1B
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 114.62
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 3 — — — — — — — 5 — — —
Sell — — — — — — — — — — — —
Insider Ownership 80.42%

Capital & Financial Ratios

Market Cap 13,120.00
Revenue 0.71
Net Income (856.09)
Free Cash Flow (459.82)
Net Debt (690.99)
Current Ratio 6.96
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 17,230.45
P/B ratio 19.28
Past 5Y EPS Growth (10.52%)
This Y EPS Growth 17.47%
Next Y EPS Growth 2.39%
Next 5Y EPS Growth 22.84%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 186 413 714 691
Receivables 3 11 7 30
Inventory — — — —
Other 0 — — —
190 424 720 721
2023 2024 2025 Q'26
Payables 3 5 20 23
ST’ Debt — — — —
Other 1 2 2 3
20 42 73 104
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — (46.49%) (1.73%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 52.66% 73.27%

Revenue

Mar Jun Sep Dec Year
’26 — — — — —
’22 0 0 0 0 1
’21 0 0 1 0 2
’20 0 0 0 0 1
’19 — — 0 0 1
’19 — — — — 57
’18 — — — — 16
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (122) (141) — — —
’25 (61) (67) (93) (102) (323)
’24 (30) (33) (30) (49) (142)
’23 (13) (29) (15) (19) (77)
’22 (19) (19) (9) 5 (42)
’21 (21) (19) (24) (9) (73)
’20 (5) (19) (17) (8) (48)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (123) (142) — — —
’25 (62) (67) (93) (102) (324)
’24 (30) (33) (30) (49) (142)
’23 (13) (29) (15) (19) (77)
’22 (19) (20) (9) 5 (42)
’21 (21) (19) (24) (9) (73)
’20 (5) (19) (17) (8) (49)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.24) (0.28) — — —
’25 (0.09) (0.76) (0.31) (0.29) (1.44)
’24 (0.06) (0.09) (0.08) (0.08) (0.31)
’23 (1.43) (0.02) (0.03) (0.05) (0.99)
’22 (0.15) (0.12) (0.10) (0.07) (0.41)
’21 (0.21) (0.27) (0.20) (0.28) (0.67)
’20 (0.09) (0.23) (0.26) (0.18) (0.76)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
4.26 8.24 1.12 1.10 1.18 2.23 0.66 1.25 2.10 15.55

Analyst estimates 2026–2028

Powerpack
Low Price
19.75 16.86 15.90 2.46 6.14 12.30 5.61 5.78 33.89 36.91
High Price
37 40 60 61 81 110 77 105 159 265
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
1 3 16 1 1 2 1 — — —
Revenue
0.00% 0.00% 0.00% 100.00% 100.00% 100.00% 100.00% — — —
Gross Margin
(35) (34) (31) (29) (53) (89) (79) (615) (221) (1,080)
EBT
(3,925.57%) (1,109.63%) (193.97%) (3,915.34%) (6,152.33%) (4,897.84%) (11,174.75%) 0.00% 0.00% 0.00%
EBT Margin
(31) (28) (26) (29) (53) (89) (79) (615) (221) (1,080)
Net Income
0 0 0 2 2 2 3 0 0 0
Depreciation
0.01 0.02 0.08 0.02 0.01 0.01 0.00 0.00 0.00 0.00
Revenue/Sh
(0.52) (0.47) (0.40) (0.92) (0.76) (0.67) (0.41) (0.99) (0.31) (1.44)
Earnings/Sh
(0.15) 0.09 (0.10) (0.63) (0.69) (0.55) (0.22) (0.12) (0.20) (0.43)
Cash Flow/Sh
0.00 0.00 0.00 (0.01) (0.01) 0.00 0.00 0.00 0.00 0.00
Capex/Sh
(0.15) 0.09 (0.10) (0.64) (0.70) (0.55) (0.22) (0.12) (0.20) (0.43)
Free CF/Sh
0.13 (0.02) (0.02) 2.40 1.14 0.63 0.66 0.13 0.54 0.88
Book Value/Sh
179 187 199 33 70 132 193 620 719 748
Shares
0.00 0.00 0.00 0.00 0.00 0.00 0.00 — — —
PE Ratio
0.00 47.96 0.57 92.88 379.96 195.86 1,371.18 — — —
PS Ratio
78.42 6.91 0.52 0.67 4.11 4.25 7.63 — — —
PB Ratio
0.00 34.25 0.06 (19.12) 302.81 156.22 1,152.64 — — —
EV/Sales
2.84 (8.55) (0.07) 0.23 (5.35) (3.87) (19.17) — — —
EV/FCF
(26) 16 (19) (21) (48) (73) (42) (77) (142) (323)
Op' Cash Flow
0 0 (1) 0 0 0 (1) 0 0 (1)
Capex
(26) 16 (19) (21) (49) (73) (42) (77) (142) (324)
FCF
25 28 19 66 68 72 618 169 382 647
Working Cap'
— — — 0 0 — 495 100 — —
Total Debt
(23) (35) (29) (63) (66) (72) (154) (86) (413) (714)
Net Debt
23 (4) (5) 79 79 83 127 78 389 659
Sh' Equity
(83.12%) (58.39%) (35.72%) (33.19%) (53.03%) (82.09%) (20.26%) (141.83%) (69.32%) (181.94%)
ROA
0.00% 0.00% 0.00% (111.17%) (253.57%) (468.69%) 0.00% 0.00% 0.00% 0.00%
ROIC
(111.44%) 628.29% (630.66%) (43.05%) (66.57%) (108.89%) (75.05%) (601.85%) (94.90%) (206.10%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2022 · latest quarter Dec 2022

Summit Therapeutics PLC (SMMT) key facts

  • Summit Therapeutics PLC (SMMT) is a Biotechnology company in the Healthcare sector, traded in the US as an ADR.
  • Summit Therapeutics PLC’s revenue for fiscal 2022 (year ended December 2022) was $705,000.00.
  • As of September 25, 2026, SMMT traded at $15.61, a market capitalization of $13.1 billion.
  • Return on equity was −206.1% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Summit Therapeutics PLC (SMMT) Latest News

News by impact score

Fine-tune

22 Sep

4

HARMONi-GI1 is Akeso’s Phase III trial in China comparing ivonescimab plus chemotherapy to durvalumab plus chemotherapy as first-line treatment for advanced biliary tract cancer. At interim analysis, the ivonescimab regimen demonstrated a statistically significant OS benefit, with PFS and ORR also meeting their secondary endpoints. Akeso generated and analyzed all data; results will be presented at the ESMO 2026 Presidential Symposium II on October 25, 2026. Ivonescimab (SMT112 in Summit's territories; AK112 outside) is a novel bispecific PD-1/VEGF inhibitor with a tetravalent design intended to enhance tumor targeting. In China it is approved for NSCLC but remains investigational in Summit's license regions. Summit notes this is the first Phase III BTC OS readout for ivonescimab and emphasizes multiple ivonescimab trials globally. Strengthens ivonescimab’s competitive profile and could positively influence Summit's development strategy and investor sentiment.

16 Sep

4

New Ivonescimab survival data raises question of whether Summit Therapeutics (SMMT) stock trades below fair value. Ivonescimab survival data can significantly shift investor views on SMMT valuation and trajectory.

15 Sep

4

Updated HARMONi data presented at WCLC 2026 shows consistent overall survival results with ivonescimab plus chemotherapy in both Western and Asian patients. Positive consistent survival data across populations strengthens ivonescimab clinical profile and approval prospects.

14 Sep

4

Summit Therapeutics and Akeso release fresh clinical study results on their PD-1/VEGF drug to counter existing doubts about its efficacy and prospects. Positive late-stage data on lead PD-1/VEGF asset can materially shift regulatory path, partnership value and share price trajectory for Summit.

13 Sep

5

Ivonescimab monotherapy achieved statistically significant and clinically meaningful superiority versus pembrolizumab monotherapy for PD-L1-positive advanced NSCLC in Akeso's HARMONi-2 trial conducted in China. Positive pivotal trial data for lead asset Ivonescimab directly strengthens SMMT's NSCLC positioning and long-term commercial outlook.

8 Sep

4

Summit Therapeutics announced Akeso reported HARMONi-2 overall survival benefit versus pembrolizumab. HARMONi-2 overall survival win versus pembrolizumab directly boosts Summit's key oncology asset and market outlook.

7 Sep

4

Summit Therapeutics (SMMT) shares surge 28% on progress with Ivonescimab. Ivonescimab progress triggers 28% stock surge and signals major pipeline advancement for SMMT.

4 Sep

4

Summit Therapeutics PLC's SMMT stock surges after its NSCLC drug demonstrates superior survival data versus Keytruda in China. Superior survival data beating Keytruda in China drives major gains and strengthens SMMT's competitive position in oncology.

3 Sep

4

Summit Therapeutics advances a therapy that challenges Merck's Keytruda in oncology, yet investor and analyst skepticism persists over its clinical edge and commercial viability. Potential competition against Keytruda could shift Summit's market position and valuation in checkpoint inhibitor space.

4

Summit Therapeutics claims its cancer drug outperforms Merck's. Outperformance claim versus Merck signals major competitive edge and potential market gains for Summit.

2 Sep

5

Ivonescimab monotherapy achieved statistically significant overall survival benefit versus pembrolizumab monotherapy in PD-L1-positive advanced NSCLC per Akeso's HARMONi-2 study conducted in China. Statistically significant survival advantage over pembrolizumab transforms ivonescimab's competitive position in major NSCLC market.

27 Aug

4

SMMT stock rises after Akeso reports positive Phase III results in biliary tract cancer study. Akeso Phase III win advances SMMT partnered oncology pipeline and lifts market valuation.

4

Summit Therapeutics (SMMT) published Phase III HARMONi results in The Lancet Oncology. Phase III trial data publication represents a pivotal clinical milestone that can drive regulatory progress and shift market valuation.

26 Aug

4

Summit Therapeutics shares rise 8.5% after positive Phase III biliary cancer trial results for Ivonescimab. Positive late-stage trial data for key drug candidate drives immediate stock gains and signals major pipeline advancement.

4

Guggenheim states Summit Therapeutics PLC's global lung cancer trials gain credibility following Akeso's Phase 3 data. Credibility boost for core lung cancer trials strengthens Summit's competitive position and long-term prospects.

4

Summit Therapeutics shares rise after partner reports positive Phase III cancer trial results. Partner's positive Phase III cancer trial results signal major advancement for Summit Therapeutics' pipeline and market prospects.

4

Akeso reports Phase III success for ivonescimab in second tumor type. Phase III win for ivonescimab in new indication expands SMMT pipeline value and oncology positioning.

25 Aug

4

Summit Therapeutics PLC primary analysis results from global Phase III HARMONi trial of ivonescimab plus chemotherapy published in The Lancet Oncology. Publication of Phase III results in The Lancet Oncology boosts visibility and supports regulatory and commercial progress for lead asset.

3

Ivonescimab plus chemotherapy achieved statistically significant overall survival benefit versus durvalumab plus chemotherapy in first-line advanced biliary tract cancer per Akeso's single-region China trial. Positive China trial data on ivonescimab supports the drug's potential and could influence SMMT valuation modestly.

13 Aug

4

Summit Therapeutics (SMMT) and Arcus Biosciences (RCUS) pursue cancer drug partnership that may establish new treatment standard. Cancer drug partnership may significantly shift SMMT trajectory and investor sentiment through new treatment standards.

12 Aug

4

NMPA approved Ivonescimab combined with chemotherapy for first-line treatment of squamous non-small cell lung cancer in China. China approval for first-line squamous NSCLC use opens major market access and revenue path for Ivonescimab.

5 Aug

4

Summit Therapeutics expands Ivonescimab global development program via Phase II/III HARMONi-GU1 study in first-line bladder cancer. New trial broadens Ivonescimab pipeline into bladder cancer and supports future growth prospects.

24 Jul

4

Summit Therapeutics announced extended follow-up data showing stronger survival advantages for its lead cancer drug. Positive survival data on lead cancer drug signals major potential gains in clinical progress and market valuation.

3

Summit Therapeutics Inc highlighted a strong cash position during its Q2 2026 earnings call. Strong cash reserves support ongoing clinical programs and operations.

23 Jul

4

Summit Therapeutics updated Phase III survival data. The update raises questions on whether SMMT stock remains a bargain. Phase III survival data updates directly drive SMMT clinical progress and stock valuation shifts.

4

Summit Therapeutics released updated survival data for Ivonescimab from its NSCLC study. Updated survival data for lead oncology asset directly influences valuation, trial progress and investor sentiment.

4

New survival data from the HARMONi trial for Ivonescimab prompts questions on whether it alters Summit Therapeutics' investment outlook and competitive positioning. Pivotal trial survival results directly affect regulatory prospects and market sentiment for Summit's lead drug candidate.

3 transcript

Summit Therapeutics presented Q2 financial results, clinical pipeline updates and strategic plans in its earnings call. Quarterly earnings call supplies financial and pipeline details that moderately shift near-term investor sentiment and valuation.

3

Summit Therapeutics (SMMT) stock appears overvalued after release of fresh lung cancer data. New lung cancer data triggers negative sentiment on SMMT valuation with moderate effects on near-term share price.

22 Jul

3

Summit Therapeutics and Arcus Biosciences launch a clinical trial combining Casdatifan with Ivonescimab for kidney cancer treatment. Trial collaboration adds to Summit's oncology pipeline with moderate potential effects on future drug development.

stockrow.com/SMMT · Data as of Dec 31, 2022 · For information only; not investment advice. · © 2026 stockrow.com