Assembly Biosciences, Inc. (ASMB) vs Tectonic Therapeutic, Inc. (TECX)

Assembly Biosciences, Inc. and Tectonic Therapeutic, Inc. are both Biotechnology companies. Assembly Biosciences, Inc. and Tectonic Therapeutic, Inc. are of similar size ($481.7M and $471.5M). Tectonic Therapeutic, Inc. has negative trailing earnings, so its P/E is not meaningful; Assembly Biosciences, Inc. trades at 23.2×. Tectonic Therapeutic, Inc. has the higher net margin (0.00% vs −0.06%) and the higher return on invested capital (0.00% vs 0.00%). Across the 12 metrics below, Assembly Biosciences, Inc. leads on 7 and Tectonic Therapeutic, Inc. on 5.

Valuation

Metric ASMB TECX Biotechnology median
P/E 23.21 n/m 7.88
P/S 5.96 n/m 11.47
P/B 1.46 2.01 2.52
Price to free cash flow n/m n/m 21.16
EV/EBITDA n/m n/m 0.74
EV/Sales 1.68 n/m 10.73
Earnings yield 4.31% (19.31%) (28.84%)
Free cash flow yield (8.64%) (16.13%) (23.03%)

Profitability

Metric ASMB TECX Biotechnology median
Gross margin 100.00% 0.00% 65.16%
Operating margin (11.75%) 0.00% 0.00%
Net margin (0.06%) 0.00% 0.00%
Free cash flow margin (51.53%) 0.00% 0.00%
Return on equity (0.03%) (33.80%) (57.72%)
Return on assets (0.02%) (32.23%) (49.22%)
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric ASMB TECX Biotechnology median
Revenue growth (TTM) 125.12% — 5.64%
EPS growth (last fiscal year) 91.78% 40.70% —
Revenue growth, 5-year CAGR 35.27% — 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASMB TECX Biotechnology median
Debt to equity 0.00 0.00 0.00
Current ratio 13.99 22.29 4.73
Net debt to EBITDA 17.31 3.08 0.96

Dividend

Metric ASMB TECX Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric ASMB TECX Biotechnology median
Market cap 481.73m 471.53m 162.10m

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