IMTX - Immatics N.V.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$17.00
DETAILS
HIGH:
$17.00
LOW:
$17.00
MEDIAN:
$17.00
CONSENSUS:
$17.00
UPSIDE:
123.98%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 48.3 | 155.8 | 54.0 | 172.8 | 34.8 | 31.3 | 18.4 | 3.8 |
| Cost of Revenue | 0 | 0 | 0 | 106.8 | 0 | 67.1 | 40.1 | 34.0 |
| Gross Profit | 48.3 | 155.8 | 54.0 | 66.1 | 34.8 | (35.8) | (21.6) | (30.2) |
| Operating Expenses | ||||||||
| R&D Expenses | 183.8 | 148.1 | 118.7 | 106.8 | 87.6 | 67.1 | 40.1 | 34.0 |
| SG&A Expenses | 51.2 | 46.4 | 38.2 | 36.1 | 33.8 | 34.2 | 11.8 | 7.7 |
| Other Expenses | (4.7) | (0.1) | (1.1) | (0.0) | (0.3) | (67.4) | (0.4) | (3.5) |
| Operating Expenses | 230.3 | 194.4 | 155.7 | 142.9 | 121.1 | 33.9 | 51.5 | 38.2 |
| Operating Income | ||||||||
| Operating Income | (182.0) | (38.6) | (101.7) | 30.0 | (86.3) | (69.7) | (33.0) | (34.4) |
| Interest Expense | 0.9 | 0.9 | 0.8 | 1.0 | 0.6 | 0 | 0.2 | 0.0 |
| Interest Income | 17.2 | 25.0 | 13.8 | 2.5 | 0.1 | 0.6 | 0.8 | 0.5 |
| Profitability | ||||||||
| EBITDA | (185.1) | 34.5 | (88.9) | 50.0 | (87.5) | (67.5) | (28.5) | (31.7) |
| EBIT | (197.5) | 22.2 | (96.2) | 43.1 | (92.8) | (69.7) | (32.3) | (32.3) |
| Income Before Tax | (198.4) | 21.3 | (97.0) | 42.0 | (93.3) | (211.8) | (32.5) | (32.4) |
| Income Tax Expense | (2.0) | 6.1 | (2.3) | 4.6 | 0 | 0 | 0 | 0 |
| Net Income | (196.4) | 15.2 | (94.6) | 37.5 | (93.3) | (211.3) | (31.7) | (31.4) |
| Per Share Data | ||||||||
| EPS (Basic) | -1.54 | 0.14 | -1.18 | 0.55 | -1.48 | -4.40 | -0.50 | -0.50 |
| EPS (Diluted) | -1.54 | 0.14 | -1.18 | 0.54 | -1.48 | -4.40 | -0.50 | -0.50 |
| Shares Outstanding | 122.3 | 106.8 | 80.5 | 67.2 | 62.9 | 48.0 | 62.9 | 62.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 345.8 | 236.7 | 218.5 | 148.5 | 133.0 | 207.5 | 103.4 | 39.4 |
| Short-Term Investments | 123.4 | 367.7 | 207.4 | 213.7 | 12.1 | 24.4 | 16.0 | 13.1 |
| Net Receivables | 6.9 | 6.7 | 5.7 | 1.1 | 2.4 | 2.9 | 2.7 | 1.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 1.2 | 0 |
| Other Current Assets | 14.9 | 6.3 | 7.1 | 3.4 | 0.9 | 1.7 | 0.7 | 1.0 |
| Total Current Assets | 503.8 | 629.6 | 449.4 | 377.2 | 152.2 | 239.0 | 124 | 55.3 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 54.9 | 63.7 | 57.1 | 26.5 | 20.5 | 14.0 | 8.0 | 4.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.6 | 1.6 | 1.5 | 1.6 | 1.3 | 0.9 | 1.0 | 1.0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.8 | 1.2 | 2.0 | 2.5 | 0.6 | 0.7 | 1.3 | 1.0 |
| Total Non-Current Assets | 58.3 | 66.6 | 60.6 | 30.7 | 22.4 | 15.7 | 10.3 | 6.0 |
| Total Assets | 562.1 | 696.1 | 510.0 | 407.8 | 174.6 | 254.6 | 134.3 | 61.3 |
| Current Liabilities | ||||||||
| Account Payables | 0.3 | 10.1 | 7.7 | 13.1 | 3.0 | 2.6 | 4.9 | 4.8 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 15.8 | 35.9 | 100.4 | 65.0 | 50.4 | 46.6 | 59.6 | 21.7 |
| Other Current Liabilities | 5.6 | 4.8 | 20.5 | 16.6 | 28.0 | 17.1 | 0.1 | 0.9 |
| Total Current Liabilities | 43.0 | 68.0 | 156.6 | 106.5 | 95.1 | 77.5 | 69.3 | 26.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 3.8 | 5.8 | 7.5 | 9.8 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0.0 | 0.0 | 0.1 | 0 | 2.1 | 0.2 |
| Total Non-Current Liabilities | 35.2 | 53.3 | 135.8 | 98.0 | 55.4 | 89.8 | 105.8 | 43.7 |
| Total Liabilities | 78.2 | 121.3 | 292.3 | 204.5 | 150.6 | 167.3 | 175.1 | 70.5 |
| Stockholders' Equity | ||||||||
| Common Stock | 1.3 | 1.2 | 0.8 | 0.8 | 0.6 | 0.6 | 1.2 | 1.2 |
| Retained Earnings | (785.7) | (589.5) | (604.8) | (510.1) | (537.8) | (444.5) | (233.2) | (201.6) |
| Accumulated Other Comprehensive Income | (8.6) | 1.0 | (1.6) | (1.5) | (3.9) | (7.5) | (0.8) | (0.7) |
| Total Stockholders' Equity | 483.9 | 574.8 | 217.6 | 203.4 | 24.1 | 87.4 | (41.9) | (10.4) |
| Total Liabilities & Equity | 562.1 | 696.1 | 510.0 | 407.8 | 174.6 | 254.6 | 134.3 | 61.3 |
| Debt Metrics | ||||||||
| Total Debt | 15.6 | 16.2 | 15.4 | 14.6 | 9.9 | 6.2 | 3.2 | 0 |
| Net Debt | (330.1) | (220.5) | (203.1) | (134.0) | (123.1) | (201.3) | (100.1) | (39.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (188.7) | 15.2 | (94.6) | 37.5 | (93.3) | (229.6) | (32.5) | (32.4) |
| Depreciation & Amortization | 11.9 | 12.2 | 7.2 | 7.0 | 5.3 | 4.4 | 3.9 | 2.2 |
| Stock-Based Compensation | 0 | 17.6 | 20.7 | 22.6 | 26.4 | 23.0 | 0.9 | 1.5 |
| Change in Working Capital | (42.2) | (163.9) | 81.6 | 37.3 | (31.7) | (25.3) | 96.9 | 49.2 |
| Other Non-Cash Items | 49.4 | (45.4) | 3.3 | (8.7) | 0.4 | 145.9 | 1.2 | (0.3) |
| Operating Cash Flow | (169.7) | (158.0) | 18.2 | 100.1 | (81.8) | (85.6) | 71.0 | 20.7 |
| Investing Activities | ||||||||
| Capital Expenditure | (6.3) | (16.5) | (31.0) | (6.2) | (5.7) | (7.5) | (2.2) | (0.5) |
| Acquisitions | 0 | 0 | 0 | (199.9) | 0.6 | 0.1 | 0.1 | 0.1 |
| Purchases of Investments | (324.9) | (450.3) | (415.3) | (216.3) | (11.3) | (82.9) | (77.8) | (13.1) |
| Sales/Maturities of Investments | 528.2 | 314.4 | 414.7 | 12.7 | 24.4 | 74.5 | 74.9 | 0 |
| Other Investing Activities | 0 | (0.2) | (0.0) | 200.0 | (0.6) | (0.1) | 0.0 | 0.1 |
| Investing Cash Flow | 196.7 | (152.4) | (31.4) | (209.8) | 7.5 | (15.9) | (5.1) | (13.5) |
| Financing Activities | ||||||||
| Net Debt Issuance | 0 | (2.0) | (3.8) | (2.8) | (2.7) | (2.1) | (1.9) | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.8) | (21.3) | (2.0) | (7.9) | 0 | (7.9) | 0 | 0 |
| Financing Cash Flow | 93.5 | 319.7 | 84.5 | 123.7 | (2.6) | 207.9 | (1.9) | 23.6 |
| Cash Position | ||||||||
| Net Change in Cash | 137.1 | 18.3 | 70.0 | 15.5 | (74.5) | 104.2 | 64.0 | 31.0 |
| Cash at Beginning | 208.6 | 218.5 | 148.5 | 133.0 | 207.5 | 103.4 | 39.4 | 8.4 |
| Cash at End | 345.8 | 236.7 | 218.5 | 148.5 | 133.0 | 207.5 | 103.4 | 39.4 |
| Free Cash Flow | (176.0) | (174.5) | (12.7) | 93.9 | (87.4) | (93.1) | 68.7 | 20.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 48.3 | 155.8 | 54.0 | 172.8 | 34.8 | 31.3 | 18.4 | 3.8 |
| Gross Profit | 48.3 | 155.8 | 54.0 | 66.1 | 34.8 | (35.8) | (21.6) | (30.2) |
| Operating Income | (182.0) | (38.6) | (101.7) | 30.0 | (86.3) | (69.7) | (33.0) | (34.4) |
| Net Income | (196.4) | 15.2 | (94.6) | 37.5 | (93.3) | (211.3) | (31.7) | (31.4) |
| EPS (Diluted) | -1.54 | 0.14 | -1.18 | 0.54 | -1.48 | -4.40 | -0.50 | -0.50 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 345.8 | 236.7 | 218.5 | 148.5 | 133.0 | 207.5 | 103.4 | 39.4 |
| Total Assets | 562.1 | 696.1 | 510.0 | 407.8 | 174.6 | 254.6 | 134.3 | 61.3 |
| Total Debt | 15.6 | 16.2 | 15.4 | 14.6 | 9.9 | 6.2 | 3.2 | 0 |
| Stockholders' Equity | 483.9 | 574.8 | 217.6 | 203.4 | 24.1 | 87.4 | (41.9) | (10.4) |
| Cash Flow | ||||||||
| Operating Cash Flow | (169.7) | (158.0) | 18.2 | 100.1 | (81.8) | (85.6) | 71.0 | 20.7 |
| Capital Expenditure | (6.3) | (16.5) | (31.0) | (6.2) | (5.7) | (7.5) | (2.2) | (0.5) |
| Free Cash Flow | (176.0) | (174.5) | (12.7) | 93.9 | (87.4) | (93.1) | 68.7 | 20.2 |