OCUL

Ocular Therapeutix, Inc.

Fundamental data last updated:November 6, 2026

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company profile

SECTOR

Healthcare

industry

Biotechnology

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Ocular Therapeutix, Inc. is a biopharmaceutical company specializing in the creation, advancement, and commercialization of ophthalmic treatments. Their innovative approach leverages a proprietary bioresorbable hydrogel technology to address a range of eye diseases and conditions. The company currently offers two key products: ReSure Sealant, an ophthalmic device designed to prevent fluid leakage from corneal incisions after cataract surgery, and DEXTENZA, a dexamethasone-based ophthalmic insert used to manage post-surgical inflammation and pain in the eye, as well as to treat allergic conjunctivitis. In addition to their commercial offerings, Ocular Therapeutix is actively developing several product candidates in various clinical stages, including: OTX-TKI, an axitinib intravitreal implant in Phase 1 clinical trials for wet age-related macular degeneration (AMD) and other retinal diseases. OTX-TIC, a travoprost intracameral implant, currently in Phase 2 studies for open-angle glaucoma and ocular hypertension. OTX-CSI, a cyclosporine intracanalicular insert that has successfully completed Phase 2 clinical trials for dry eye disease. OTX-DED, a dexamethasone intracanalicular insert undergoing Phase 2 evaluation for the temporary relief of dry eye symptoms. Strategic partnerships are also a significant part of Ocular Therapeutix's operations. This includes a collaboration with Regeneron Pharmaceuticals, Inc. focused on developing and commercializing products that combine Ocular Therapeutix's sustained-release hydrogel technology with Regeneron's large molecule VEGF-targeting compounds for retinal disease treatment. Another partnership with AffaMed Therapeutics Limited covers the development and commercialization of DEXTENZA and OTX-TIC. Additionally, a discovery-focused collaboration with Mosaic Biosciences aims to pinpoint novel targets and therapeutic agents for dry age-related macular degeneration (dAMD). Established in 2006, Ocular Therapeutix, Inc. maintains its headquarters in Bedford, Massachusetts.

 


VALUATION

P/E

-5.25

Market Cap ($M USD)

$1.64B

Forward P/E

9.61

PEG

-1.75

PRICE TO SALES

31.47

PRICE TO BOOK

3.23

EV / EBITDA

-3.93

5-Year Average P/E

Free Cash Flow Yield

-15.57%

DCF Value

$-0.04

Graham Number

N/A

Price to FCF

-6.42

EV to FCF

-4.39

Earnings Yield

-17.97%

FCF Yield

-15.57%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$1.34

Next Year EPS Growth Estimate

-$1.50

Next Year Revenue Growth Estimate

$52.77M

Return on Equity (ROE)

-59.87%

FREE CASH FLOW

Operating Margin

-603.04%

Debt-to-Equity

0.15

Piotroski F-Score

2

Altman Z-Score

3.30

Return on Invested Capital (ROIC)

-50.20%

Current Ratio

13.11

Quick Ratio

13.03

Net Debt to EBITDA

1.82

Interest Coverage

-27.53

Gross Profit margin

87.11%

FCF PER SHARE

$-1.13

REVENUE PER SHARE

$0.23

Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing Ocular Therapeutix, Inc. significantly. With a Forward P/E of 7.71, the stock appears attractively valued compared to its negative DCF Value, suggesting potential upside. The Altman Z-score of 5.88 indicates financial stability, yet the negative Earnings Yield and ROIC highlight inefficiencies in generating returns. Despite these challenges, the company’s robust market cap and consensus “Buy” rating suggest that investors are optimistic about its future prospects.

AI Exposure / Tech Reliance

Operating within the biotechnology sector, Ocular Therapeutix is well-positioned to leverage AI advancements in drug development and personalized medicine. As the industry increasingly integrates technology, the company stands to benefit from improved research efficiencies and innovative treatment solutions. This adaptability could enhance its competitive edge in a rapidly evolving market.

The Bull Case

For value or GARP investors, Ocular Therapeutix presents a compelling opportunity due to its low Forward PEG ratio of 0.04, indicating potential undervaluation relative to growth. The company's strong Current Ratio of 14.81 and Quick Ratio of 14.73 suggest excellent liquidity, providing a buffer against short-term liabilities. Despite a low Piotroski F-Score of 2, the projected EPS growth to $1.25 next year signals potential for improved profitability and capital efficiency.

The Bear Case

However, the stock is not without its risks. The Price/Sales ratio of 40.60 and Price/Book of 3.72 highlight a potentially overvalued position relative to its fundamentals. Negative cash flow metrics, such as the FCF Yield of -11.40% and Price to FCF of -8.77, underscore cash generation issues. Additionally, the operating margin of -575.42% raises concerns about the company's ability to manage costs effectively, posing a significant structural risk.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$23.00

Institutional Ownership %

1-Year Beta

0.99

Insider Buying % (6 Mo)

Distance to 52-Week High

120.40%

Distance to 52-Week Low

19.56%

EARNINGS SURPRISE %

11.49%

50-DAY SMA

$8.98

200-DAY SMA

$9.15

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.