ALEC - Alector, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$2.00
DETAILS
HIGH:
$2.00
LOW:
$2.00
MEDIAN:
$2.00
CONSENSUS:
$2.00
DOWNSIDE:
9.50%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 21.0 | 100.6 | 97.1 | 133.6 | 207.1 | 21.1 | 21.2 | 27.7 | 3.7 | 0.4 |
| Cost of Revenue | 9.7 | 0 | 8.8 | 0 | 189.4 | 156.9 | 100.5 | 73.0 | 29.9 | 13.7 |
| Gross Profit | 11.4 | 100.6 | 88.2 | 133.6 | 17.7 | (135.8) | (79.3) | (45.4) | (26.2) | (13.3) |
| Operating Expenses | ||||||||||
| R&D Expenses | 123.1 | 185.9 | 192.1 | 210.4 | 189.4 | 156.9 | 100.5 | 73.0 | 29.9 | 13.7 |
| SG&A Expenses | 54.0 | 59.6 | 56.7 | 61.0 | 55.0 | 59.4 | 33.9 | 11.9 | 6.5 | 1.9 |
| Other Expenses | (19.9) | 0 | (8.8) | 0 | (189.4) | (156.9) | (99.4) | 5.0 | 0.2 | 0.0 |
| Operating Expenses | 157.2 | 245.6 | 240.0 | 271.5 | 55.0 | 59.4 | 35.1 | 85.0 | 36.4 | 15.5 |
| Operating Income | ||||||||||
| Operating Income | (145.8) | (145.0) | (151.7) | (137.8) | (37.4) | (195.2) | (114.4) | (57.3) | (32.7) | (15.1) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | (133.1) | (136.2) | (142.9) | (129.4) | (29.0) | (187.9) | (109.5) | (56.3) | (32.0) | (14.9) |
| EBIT | (142.8) | (145.0) | (151.7) | (137.8) | (37.4) | (195.2) | (113.2) | (57.3) | (32.7) | (15.1) |
| Income Before Tax | (142.8) | (118.9) | (125.2) | (130.1) | (36.3) | (190.2) | (105.4) | (52.2) | (32.5) | (15.1) |
| Income Tax Expense | 0.2 | 0.1 | 5.2 | 3.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (142.9) | (119.0) | (130.4) | (133.3) | (36.3) | (190.2) | (105.4) | (52.2) | (32.5) | (15.1) |
| Per Share Data | ||||||||||
| EPS (Basic) | -1.39 | -1.23 | -1.56 | -1.62 | -0.45 | -2.45 | -1.62 | -0.76 | -0.63 | -1.78 |
| EPS (Diluted) | -1.39 | -1.23 | -1.56 | -1.62 | -0.45 | -2.45 | -1.62 | -0.76 | -0.63 | -1.78 |
| Shares Outstanding | 103.0 | 96.6 | 83.7 | 82.5 | 80.4 | 77.8 | 61.7 | 68.4 | 51.2 | 8.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 65.8 | 33.0 | 74.6 | 154.3 | 329.2 | 50.0 | 89.6 | 65.5 | 32.5 | 50.8 |
| Short-Term Investments | 190.2 | 380.4 | 474.3 | 558.5 | 406.1 | 363.3 | 263.4 | 224.9 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 2.6 | 7.4 | 0 | 0 | 0 | 200.2 | 0.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 10.4 | 11.4 | 16.9 | 0 | 0 | 0 | 0 | 2.8 | 0 | 0 |
| Total Current Assets | 266.5 | 424.8 | 565.8 | 726.4 | 749.7 | 421.5 | 357.4 | 293.2 | 233.0 | 51.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 24.6 | 37.1 | 47.1 | 53.3 | 57.9 | 62.7 | 62.3 | 10.9 | 2.8 | 2.5 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.5 | 0 | 0.2 |
| Other Non-Current Assets | 2.2 | 6.4 | 9.0 | 7.9 | 7.0 | 4.1 | 2.1 | 2.8 | 0.3 | 0.2 |
| Total Non-Current Assets | 26.8 | 43.5 | 56.0 | 61.2 | 64.9 | 66.7 | 64.5 | 15.2 | 3.1 | 2.9 |
| Total Assets | 293.2 | 468.3 | 621.8 | 787.6 | 814.7 | 488.3 | 421.9 | 308.4 | 236.1 | 54.1 |
| Current Liabilities | ||||||||||
| Account Payables | 1.7 | 2.2 | 3.8 | 4.2 | 4.7 | 3.0 | 0.3 | 0.1 | 1.1 | 1.2 |
| Short-Term Debt | 9.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 6.7 | 23.7 | 83.0 | 48.2 | 90.8 | 23.9 | 30.2 | 34.9 | 19.0 | 0 |
| Other Current Liabilities | 51.7 | 54.5 | 54.7 | 12.8 | 11.7 | 7.3 | 5.7 | 9.6 | 5.6 | 0 |
| Total Current Liabilities | 69.5 | 125.1 | 177.9 | 93.8 | 139.6 | 68.1 | 62.0 | 13.0 | 27.4 | 1.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 26.8 | 9.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 166.3 | 10.5 | 68.4 | 0.8 | 0.2 | 0.5 | 0.5 | 7.6 | 77.5 | 77.5 |
| Total Non-Current Liabilities | 193.1 | 216.4 | 309.7 | 479.4 | 374.4 | 152.6 | 165.2 | 392.7 | 260.7 | 77.5 |
| Total Liabilities | 262.6 | 341.5 | 487.7 | 573.2 | 513.9 | 220.7 | 227.2 | 405.8 | 288.1 | 79.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | (972.1) | (829.1) | (710.1) | (579.7) | (446.4) | (410.0) | (219.8) | (114.4) | (62.2) | (29.7) |
| Accumulated Other Comprehensive Income | 0.2 | 0.3 | 0.2 | (4.6) | (0.9) | 0.6 | 0.1 | (0.0) | (1.0) | (0.3) |
| Total Stockholders' Equity | 30.6 | 126.8 | 134.2 | 214.4 | 300.7 | 267.5 | 194.7 | (97.4) | (52.0) | (24.9) |
| Total Liabilities & Equity | 293.2 | 468.3 | 621.8 | 787.6 | 814.7 | 488.3 | 421.9 | 308.4 | 236.1 | 54.1 |
| Debt Metrics | ||||||||||
| Total Debt | 36.2 | 42.5 | 38.9 | 43.3 | 47.6 | 51.3 | 48.0 | 0 | 0 | 0 |
| Net Debt | (29.6) | 9.5 | (35.6) | (111.0) | (281.6) | 1.3 | (41.6) | (65.5) | (32.5) | (50.8) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (142.9) | (119.0) | (130.4) | (133.3) | (36.3) | (190.2) | (105.4) | (52.2) | (32.5) | (15.1) |
| Depreciation & Amortization | (0.9) | 8.8 | 8.8 | 8.5 | 8.3 | 7.3 | 5.6 | 1.0 | 0.7 | 0.2 |
| Stock-Based Compensation | 26.7 | 39.5 | 42.8 | 46.1 | 40.8 | 30.5 | 16.3 | 6.9 | 5.4 | 2.0 |
| Change in Working Capital | (74.1) | (147.0) | (90.1) | 59.5 | 283.7 | (15.2) | (12.3) | 174.4 | 8.7 | (0.0) |
| Other Non-Cash Items | 7.2 | (12.2) | (15.3) | (1.2) | 2.1 | 0.9 | (3.5) | (2.6) | 6.8 | 1.9 |
| Operating Cash Flow | (184.0) | (229.9) | (184.2) | (20.3) | 298.6 | (166.7) | (99.3) | 127.5 | (17.8) | (13.0) |
| Investing Activities | ||||||||||
| Capital Expenditure | (0.0) | (1.3) | (2.4) | (4.1) | (3.2) | (5.0) | (15.3) | (1.9) | (0.8) | (2.2) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 100.0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (271.9) | (467.7) | (551.7) | (556.9) | (343.4) | (506.8) | (529.6) | (472.2) | 0 | 0 |
| Sales/Maturities of Investments | 468.5 | 576.1 | 656.0 | 402.0 | 297.0 | 406.8 | 496 | 250 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | (100.0) | 0 | (222.2) | 0 | 0 |
| Investing Cash Flow | 196.6 | 107.1 | 101.9 | (159.0) | (49.7) | (105.1) | (48.9) | (224.1) | (0.8) | (2.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 9.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.9) | (0.0) | (0.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.2 | 1.0 | 0 | 0 | 30.3 | 7.5 | 0 | 131.1 | (0.0) | (0.1) |
| Financing Cash Flow | 20.2 | 81.5 | 2.5 | 4.5 | 30.3 | 232.1 | 172.4 | 131.1 | (0.0) | (0.1) |
| Cash Position | ||||||||||
| Net Change in Cash | 32.8 | (41.2) | (79.7) | (174.8) | 279.2 | (39.7) | 24.2 | 34.5 | (18.6) | (15.3) |
| Cash at Beginning | 34.9 | 76.1 | 155.8 | 329.2 | 51.4 | 91.1 | 65.5 | 32.5 | 51.0 | 66.4 |
| Cash at End | 67.6 | 34.9 | 76.1 | 154.3 | 330.6 | 51.4 | 89.6 | 66.9 | 32.5 | 51.0 |
| Free Cash Flow | (184.1) | (231.2) | (186.5) | (24.4) | 295.3 | (171.8) | (114.6) | 125.6 | (18.6) | (15.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 21.0 | 100.6 | 97.1 | 133.6 | 207.1 | 21.1 | 21.2 | 27.7 | 3.7 | 0.4 |
| Gross Profit | 11.4 | 100.6 | 88.2 | 133.6 | 17.7 | (135.8) | (79.3) | (45.4) | (26.2) | (13.3) |
| Operating Income | (145.8) | (145.0) | (151.7) | (137.8) | (37.4) | (195.2) | (114.4) | (57.3) | (32.7) | (15.1) |
| Net Income | (142.9) | (119.0) | (130.4) | (133.3) | (36.3) | (190.2) | (105.4) | (52.2) | (32.5) | (15.1) |
| EPS (Diluted) | -1.39 | -1.23 | -1.56 | -1.62 | -0.45 | -2.45 | -1.62 | -0.76 | -0.63 | -1.78 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 65.8 | 33.0 | 74.6 | 154.3 | 329.2 | 50.0 | 89.6 | 65.5 | 32.5 | 50.8 |
| Total Assets | 293.2 | 468.3 | 621.8 | 787.6 | 814.7 | 488.3 | 421.9 | 308.4 | 236.1 | 54.1 |
| Total Debt | 36.2 | 42.5 | 38.9 | 43.3 | 47.6 | 51.3 | 48.0 | 0 | 0 | 0 |
| Stockholders' Equity | 30.6 | 126.8 | 134.2 | 214.4 | 300.7 | 267.5 | 194.7 | (97.4) | (52.0) | (24.9) |
| Cash Flow | ||||||||||
| Operating Cash Flow | (184.0) | (229.9) | (184.2) | (20.3) | 298.6 | (166.7) | (99.3) | 127.5 | (17.8) | (13.0) |
| Capital Expenditure | (0.0) | (1.3) | (2.4) | (4.1) | (3.2) | (5.0) | (15.3) | (1.9) | (0.8) | (2.2) |
| Free Cash Flow | (184.1) | (231.2) | (186.5) | (24.4) | 295.3 | (171.8) | (114.6) | 125.6 | (18.6) | (15.2) |