ZBIO

Zenas BioPharma, Inc.

Fundamental data last updated:November 14, 2026

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company profile

SECTOR

Healthcare

industry

Biotechnology

Exchange

NASDAQ

County of HQ

United States

Next Earnings Date

03/15/2027

Business Summary

Zenas BioPharma operates in the biotechnology space, focusing on innovative therapies. Its business model relies on developing and commercializing novel drugs, aiming to secure patents and regulatory approvals to protect its market position. The company's moat is built on its research capabilities and potential breakthrough treatments. However, its ability to generate cash is currently hampered by high operational costs and negative margins.

 


VALUATION

P/E

-2.95

Market Cap ($M USD)

$1.93B

Forward P/E

-25.51

PEG

-0.08

PRICE TO SALES

175.74

PRICE TO BOOK

9.24

EV / EBITDA

-3.93

5-Year Average P/E

Free Cash Flow Yield

-12.56%

DCF Value

$-0.23

Graham Number

N/A

Price to FCF

-7.96

EV to FCF

-8.15

Earnings Yield

-27.62%

FCF Yield

-12.56%

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

-$8.19

Next Year EPS Growth Estimate

-$5.63

Next Year Revenue Growth Estimate

$10.38M

Return on Equity (ROE)

-208.91%

FREE CASH FLOW

Operating Margin

-4785.47%

Debt-to-Equity

1.06

Piotroski F-Score

2

Altman Z-Score

-1.31

Return on Invested Capital (ROIC)

-85.96%

Current Ratio

9.42

Quick Ratio

9.42

Net Debt to EBITDA

-0.09

Interest Coverage

-18.70

Gross Profit margin

-656.60%

FCF PER SHARE

$-3.67

REVENUE PER SHARE

$0.17

Gainseekers Quantitative Analysis

Summary

Zenas BioPharma, Inc. presents a perplexing valuation scenario. The market’s pricing, significantly above its DCF value, suggests a disconnect between expectations and financial reality. With a Forward P/E of -25.51 and an Earnings Yield of -27.62%, the company is priced for a future turnaround that its current metrics do not support. The Altman Z-score of -1.31 signals distress, raising red flags about its financial stability. Investors should be wary of the speculative nature of this stock, given its current financial health.

AI Exposure / Tech Reliance

Operating within the biotechnology sector, Zenas BioPharma is inherently positioned to leverage AI advancements in drug discovery and personalized medicine. The industry's rapid tech evolution could offer opportunities for innovation and efficiency gains. However, the company's current financial metrics suggest it may struggle to capitalize on these trends without significant strategic shifts.

The Bull Case

For the optimistic investor, Zenas BioPharma's potential lies in its staggering projected sales growth of over 1 billion percent next year. Despite a negative ROIC of -85.96% and a Piotroski F-Score of 2, the company's high Current Ratio of 9.42 indicates strong liquidity. This could provide a buffer to navigate short-term challenges and capitalize on future opportunities. The bullish consensus rating and target price suggest institutional confidence in a turnaround.

The Bear Case

The bear case for Zenas BioPharma is compelling. With a Price/Sales ratio of 175.74 and a Price/Book of 9.24, the stock appears grossly overvalued. Its negative operating margin of -4785.47% and FCF Yield of -12.56% highlight severe profitability issues. Trading near its 52-week high, the stock seems technically overextended, making it a risky bet for value investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$43.50

Institutional Ownership %

1-Year Beta

-1.02

Insider Buying % (6 Mo)

Distance to 52-Week High

50.37%

Distance to 52-Week Low

54.48%

EARNINGS SURPRISE %

-33.06%

50-DAY SMA

$28.98

200-DAY SMA

$25.14

⚠️ 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.