Company Valuation: Matinas BioPharma

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 271.5 218.4 108.4 46.97 2.594 3.754
Change - -19.56% -50.35% -56.68% -94.48% 44.7%
Enterprise Value (EV) 1 216.6 173.5 83.79 36.77 -1.796 1.109
Change - -19.9% -51.7% -56.12% -104.88% 161.76%
P/E -11.5x -8.96x -5.16x -2.05x -0.1x -0.29x
PBR 4.54x 4.16x 2.97x 2.44x 0.34x 0.78x
PEG - 1.97x 0.4x -0.23x 0.02x 0x
Capitalization / Revenue 1,715x 6,552x 34x 42.9x - -
EV / Revenue 1,368x 5,205x 26.3x 33.6x - -
EV / EBITDA -9.06x -7.09x -3.46x -1.57x 0.09x -0.16x
EV / EBIT -8.95x -7.01x -3.41x -1.55x 0.09x -0.16x
EV / FCF -22.2x -21x -5.82x -5.37x 0.24x -0.33x
FCF Yield -4.51% -4.75% -17.2% -18.6% 415% -301%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -5.902 -5.633 -4.842 -5.28 -4.984 -2.003
Distribution rate - - - - - -
Net sales 1 0.1583 0.0333 3.188 1.096 - -
EBITDA 1 -23.92 -24.45 -24.23 -23.37 -19.79 -6.924
EBIT 1 -24.21 -24.73 -24.59 -23.77 -20.16 -6.96
Net income 1 -22.45 -23.28 -21 -22.94 -24.25 -10.34
Net Debt 1 -54.93 -44.92 -24.64 -10.2 -4.39 -2.645
Reference price 2 68.0000 50.5000 25.0000 10.8100 0.5100 0.5860
Nbr of stocks (in thousands) 3,993 4,325 4,337 4,345 5,087 6,406
Announcement Date 29/03/21 08/03/22 15/03/23 27/03/24 15/04/25 31/03/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.6M
21.8x7.74x15.55x1.36% 74.27B
31.81x9.18x28.6x0.04% 61.21B
31.83x6.79x17.62x-.--% 27.55B
-73.75x14.26x-68.76x-.--% 26.38B
-15.46x5.96x-7.5x-.--% 25.34B
28.48x5.36x17.82x-.--% 20.84B
1066.25x37.33x644.76x-.--% 14.94B
43.75x16.03x32.53x0.34% 15.17B
17.96x5.35x12.5x-.--% 14.41B
Average 128.07x 12.00x 77.01x 0.19% 28.01B
Weighted average by Cap. 69.79x 10.14x 43.06x 0.39%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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