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Connect Biopharma Holdings Limited (CNTB) 10-Year Financial Performance & Capital Metrics

CNTB • • Industrial / General
HealthcareBiotechnologyAutoimmune & Inflammatory DiseasesDermatology & Autoimmune
AboutConnect Biopharma Holdings Limited, a clinical-stage biopharmaceutical company, focuses on the discovery and development of immune modulators for the treatment of serious autoimmune diseases and inflammation. The company's lead product candidate is CBP-201, an anti-interleukin-4 receptor alpha antibody, which is in Phase IIb clinical trial for the treatment of inflammatory allergic diseases, such as atopic dermatitis, asthma, and chronic rhinosinusitis with nasal polyps. Its products also comprise CBP-307, a small molecule modulator of sphingosine 1-phosphate receptor 1, a regulator of T cell mobilization out of lymph nodes into the periphery that is in Phase II for the treatment of autoimmune-related inflammation diseases; CBP-174, a small molecule histamine receptor 3 antagonist for oral administration, which is in a preclinical stage to treat chronic itch associated with skin inflammation; and CBP-233, a preclinical stage humanized antibody against interleukin-33, a cytokine involved in T helper 2 inflammation. The company was founded in 2012 and is headquartered in Taicang, China.Show more
  • Revenue $26M
  • EBITDA -$22M +64.3%
  • Net Income -$16M +73.7%
  • EPS (Diluted) -0.28 +74.1%
  • Gross Margin 100%
  • EBITDA Margin -83.71%
  • Operating Margin -86.24%
  • Net Margin -60.03%
  • ROE -16.18% +72.5%
  • ROIC -338.23%
  • Debt/Equity 0.00 -58.0%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 92 (top 8%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM71.82%

EPS CAGR

10Y-
5Y-
3Y-
TTM93.61%

ROCE

10Y Avg-38.54%
5Y Avg-39.86%
3Y Avg-41.6%
Latest-23.22%

Peer Comparison

Dermatology & Autoimmune
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Per Share
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AUPHAurinia Pharmaceuticals Inc.1.96B14.87378.3733.97%29.28%21.28%2.25%0.21
ARGXargenx SE50.33B813.2463.6378.6%23.34%15.14%0.01
INVAInnoviva, Inc.1.48B19.7654.8915.54%32.78%12.61%12.75%0.65
GLPGGalapagos N.V.2.24B34.0330.3814.99%-151.94%-15.16%0.00
PTGXProtagonist Therapeutics, Inc.5.3B84.7520.046.24%21.94%7.11%3.45%0.02
ALMSAlumis Inc. Common Stock2.84B24.17-2.33-11.08%-63.71%0.12
PHATPhathom Pharmaceuticals, Inc.1.17B14.98-2.8380.01%-186.53%
ORKAOruka Therapeutics, Inc.1.57B32.50-6.51-22.44%0.00

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0000026.03M
Revenue Growth %------
Cost of Goods Sold+0001.03M988K0
COGS % of Revenue------
Gross Profit+000-1.03M-988K26.03M
Gross Margin %-----1%
Gross Profit Growth %----0.04%27.35%
Operating Expenses+16.44M29.36M97.59M114.69M62.07M48.48M
OpEx % of Revenue-----1.86%
Selling, General & Admin1.41M7.31M19.23M20.37M13.53M19.23M
SG&A % of Revenue-----0.74%
Research & Development15.44M23.12M81.34M95.26M51.91M29.26M
R&D % of Revenue-----1.12%
Other Operating Expenses-411.44K-1.07M-2.98M-940.31K-4.35M0
Operating Income+-15.99M-30.3M-99.15M-117.66M-62.07M-22.45M
Operating Margin %------0.86%
Operating Income Growth %--0.89%-2.27%-0.19%0.47%0.64%
EBITDA+-15.88M-30.07M-98.51M-116.65M-61.09M-21.79M
EBITDA Margin %------0.84%
EBITDA Growth %--0.89%-2.28%-0.18%0.48%0.64%
D&A (Non-Cash Add-back)114.61K221.05K640.98K1.01M988K660K
EBIT-24.4M-112.48M-202.36M-118.04M-59.36M-22.45M
Net Interest Income+146.96K103.4K90.76K1.54M5.2K4.45M
Interest Income154.65K109.84K97.67K1.56M5.2K4.45M
Interest Expense7.69K6.43K6.91K21.03K00
Other Income/Expense-8.41M-89.07M-103.21M-403.66K2.69M7.05M
Pretax Income+-24.46M-119.37M-204.94M-116.12M-59.38M-15.4M
Pretax Margin %------0.59%
Income Tax+-442.49K934.46K266.47K297.52K120K223K
Effective Tax Rate %0.98%1.01%1%1%1%1.01%
Net Income+-24.02M-120.3M-205.21M-116.42M-59.5M-15.63M
Net Margin %------0.6%
Net Income Growth %--4.01%-0.71%0.43%0.49%0.74%
Net Income (Continuing)-24.4M-112.89M-202.63M-118.37M-59.5M-15.63M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-3.02-14.45-25.00-14.50-1.08-0.28
EPS Growth %--3.78%-0.73%0.42%0.93%0.74%
EPS (Basic)-3.02-14.45-25.00-14.50-1.08-0.28
Diluted Shares Outstanding55.82M53.94M52.27M55.04M55.07M55.21M
Basic Shares Outstanding55.82M53.94M52.27M55.04M55.07M55.21M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+52.64M161.89M275.44M158.46M122.55M96.96M
Cash & Short-Term Investments49.27M156.74M268.02M164.65M118.65M93.71M
Cash Only44.82M154.73M268.02M80.37M105.66M78.23M
Short-Term Investments4.44M2M074.67M12.65M15.48M
Accounts Receivable007.41M0351K1.05M
Days Sales Outstanding-----14.74
Inventory3.18M4.88M-6.74K-6.42M00
Days Inventory Outstanding------
Other Current Assets000054K53K
Total Non-Current Assets+1.42M4.3M15.94M18.55M4.82M4.32M
Property, Plant & Equipment496.45K2.68M12.9M5.47M4.74M4.24M
Fixed Asset Turnover-----6.14x
Goodwill00-3.45M000
Intangible Assets052.39K3.54M3.22M62K53K
Long-Term Investments0009.6M00
Other Non-Current Assets921.82K1.57M2.95M34.62K132K33K
Total Assets+54.05M166.19M291.39M177.01M125.89M101.28M
Asset Turnover-----0.26x
Asset Growth %-2.07%0.75%-0.39%-0.29%-0.2%
Total Current Liabilities+3.97M5.82M18.01M15.89M25.29M8.46M
Accounts Payable3.27M3.77M12.73M11.94M7.66M342K
Days Payables Outstanding---4.23K2.83K-
Short-Term Debt092.53K000154K
Deferred Revenue (Current)00001000K164K
Other Current Liabilities509.99K-98.31K5.15M2.69M2.05M3.19M
Current Ratio13.24x27.81x15.30x9.97x4.85x11.46x
Quick Ratio12.44x26.97x15.30x10.37x4.85x11.46x
Cash Conversion Cycle------
Total Non-Current Liabilities+93.35M317.38M810.73K911.83K585K656K
Long-Term Debt000000
Capital Lease Obligations67.17K47.3K26K245K180K24K
Deferred Tax Liabilities00-782.42K-656.85K00
Other Non-Current Liabilities91.9M317.33M784K00632K
Total Liabilities97.33M323.2M18.82M16.81M24.85M9.12M
Total Debt+127.96K139.86K124.52K437.88K465K178K
Net Debt-44.7M-154.59M-267.9M-79.93M-105.54M-78.05M
Debt / Equity--0.00x-0.00x0.00x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-2080.02x-4708.64x-14350.83x-5594.41x--
Total Equity+-43.27M-157.01M272.57M-463.76M101.04M92.17M
Equity Growth %--2.63%2.74%-2.7%1.22%-0.09%
Book Value per Share-0.78-2.915.21-8.431.831.67
Total Shareholders' Equity-43.27M-157.01M272.57M-463.76M101.04M92.17M
Common Stock3.05K3.68K10.36K9.64K10K10K
Retained Earnings-42.38M-164.12M-373.43M-463.76M-329.73M-345.36M
Treasury Stock-144-460-180K-180K-180K-180K
Accumulated OCI-7.07M-259.35K-6.48M10.39M11.85M-1.67M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-13.09M-25.61M-85.57M-99.27M-47.93M-23.61M
Operating CF Margin %------0.91%
Operating CF Growth %--0.96%-2.34%-0.16%0.52%0.51%
Net Income-24.46M-119.37M-204.94M-116.12M-59.38M-15.63M
Depreciation & Amortization114.61K221.05K640.98K1.01M988K660K
Stock-Based Compensation562.17K590.64K1.41M1.01M3.26M6.73M
Deferred Taxes8.3M89.68M106.37M3.37M00
Other Non-Cash Items7.69K443.18K6.91K-1.35M-2.28M118K
Working Capital Changes2.38M-436.29K3.27M7.16M9.48M-15.49M
Change in Receivables-439-1.43K-2.53K3.37K1.04M-789K
Change in Inventory4391.43K2.53K-3.37K00
Change in Payables2.81M283.4K8.89M375.66K-4.28M-1.87M
Cash from Investing+-484.7K449.15K-5.34M-83.44M75.16M-3.45M
Capital Expenditures-155.52K-2.34M-7.46M-4.28M-294K-750K
CapEx % of Revenue-----0.03%
Acquisitions------
Investments------
Other Investing-329-53.46K-47.74K-79.16K-84K123K
Cash from Financing+-57.45K140.74M206.66M-91.28K-246K227K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing7K140.83M-19.12M119K00
Net Change in Cash------
Free Cash Flow+-13.25M-27.95M-93.03M-103.55M-48.22M-24.36M
FCF Margin %------0.94%
FCF Growth %--1.11%-2.33%-0.11%0.53%0.49%
FCF per Share-0.24-0.52-1.78-1.88-0.88-0.44
FCF Conversion (FCF/Net Income)0.55x0.21x0.42x0.85x0.81x1.51x
Interest Paid000000
Taxes Paid000462K120K111K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---355.15%--58.89%-16.18%
Return on Invested Capital (ROIC)---1592.18%---338.23%
Gross Margin-----100%
Net Margin------60.03%
Debt / Equity--0.00x-0.00x0.00x
Interest Coverage-2080.02x-4708.64x-14350.83x-5594.41x--
FCF Conversion0.55x0.21x0.42x0.85x0.81x1.51x

Revenue by Segment

2024
License24.4M
License Growth-

Frequently Asked Questions

Growth & Financials

Connect Biopharma Holdings Limited (CNTB) reported $26.1M in revenue for fiscal year 2024.

Connect Biopharma Holdings Limited (CNTB) grew revenue by 0.0% over the past year. Growth has been modest.

Connect Biopharma Holdings Limited (CNTB) reported a net loss of $57.4M for fiscal year 2024.

Dividend & Returns

Connect Biopharma Holdings Limited (CNTB) has a return on equity (ROE) of -16.2%. Negative ROE indicates the company is unprofitable.

Connect Biopharma Holdings Limited (CNTB) had negative free cash flow of $54.0M in fiscal year 2024, likely due to heavy capital investments.

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