BioAtla, Inc.

BioAtla, Inc.

BCAB·NASDAQ

$0.89

+8.2%
HealthcareBiotechnology

BioAtla, Inc., a clinical stage biopharmaceutical company, develops specific and selective antibody-based therapeutics for the treatment of solid tumor cancer. Its lead product candidate is BA3011, a conditionally active biologic (CAB) antibody-drug conjugate (ADC) for soft tissue and bone sarcoma tumors, non-small cell lung cancer (NSCLC), and ovarian cancer. It also develops BA3021, a CAB ADC for multiple solid tumor types, including NSCLC, melanoma, and ovarian cancer; and BA3071, which is a CAB anti-cytotoxic T-lymphocyte-associated antigen 4 antibody for renal cell carcinoma, NSCLC, small cell lung cancer, hepatocellular carcinoma, melanoma, bladder cancer, gastric cancer, and cervical cancer. BioAtla, Inc. was founded in 2007 and is based in San Diego, California.

At a Glance

Live Snapshot
Market Cap$52.38M
EPS-1.4400
P/E Ratio-0.62
Earnings Date03/26/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.6).

Valuation inputs: P/E -0.6, earnings yield N/A, momentum +8.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -4.9%, ROIC -1.9%).

Profitability stack: net margin -6.3%, ROE -4.9%, ROIC -1.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +72.8%, momentum +8.2%, net margin -6.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

bcab

BioAtla, Inc. Market vs Earnings Trajectory

BCAB · NASDAQ

Loading price and EPS data...

BioAtla, Inc.

BioAtla, Inc. Fair Value Envelope

BCAB · NASDAQ

Our analysis suggests that BCAB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $0.8909, this represents a potential HIDDEN relative to our calculated worth for BioAtla, Inc..

Intrinsic Value
Current Price: $0.8909
3Y-48.0%
5Y+55.0%
10Y+7.0%
3Y+4300.0%
5Y+112.0%
10Y+4.0%
3Y-27.0%
5Y+134.0%
10Y+141.0%
3Y+16.0%
5Y+646.0%
10Y+104.0%
3Y+14.0%
5Y+545.0%
10Y+98.0%
3Y-79.0%
5Y+462.0%
10Y+215.0%
BioAtla, Inc.

BioAtla, Inc. Profit Bridge

BCAB · NASDAQ
Revenue11.00M
Cost of Goods Sold (925.00K)
Gross Profit10.07M
Operating Expenses (84.02M)
Operating Income-73.94M
Interest Expense (0.00)
Other Income/Expense4.17M
Pretax Income-69.78M
Income Tax (0.00)
Net Income-69.78M
Net Income
-69.78M

Profitability Analysis

Gross Margin

91.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-672.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-634.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

91.59%
Gross Profit Margin
3Y-8.0%
5Y-8.0%
10Y-162.0%
-672.21%
Operating Profit Margin
3Y-98.0%
5Y+24.0%
10Y+153.0%
-634.33%
Net Profit Margin
3Y-98.0%
5Y+10.0%
10Y+133.0%
-489.14%
Return on Equity
180%
3Y+981.0%
5Y-1017.0%
10Y-580.0%
-133.10%
Return on Assets
29%
3Y+255.0%
5Y-58.0%
10Y-24.0%
-190.98%
Return on Invested Capital
37%
3Y+367.0%
5Y-152.0%
10Y-50.0%
BCAB

BioAtla, Inc. Cash Conversion Engine

BCAB · NASDAQ
Net Income-69.78M
Depreciation & Amortization925.00K
Stock-Based Compensation8.92M
Change in Working Capital-11.20M
Others-807.00K
Capital Expenditures0.00
Free Cash Flow-71.94M

Cash Flow Quality Analysis

FCF Conversion Rate

103.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

+30.9%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$11.20M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

bcab

BioAtla, Inc. Funding & Solvency Profile

BCAB · NASDAQ
Cash & Cash Equivalents8.32M
Net Receivables0.00
Inventory0.00
Other Current Assets1.35M
Total Current Assets10 M
Property, Plant & Equipment6.08M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets163.00K
Total Non-Current Assets6 M
Total Assets
15.91M

Financial Health Analysis

Current Ratio

0.54x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Working Capital

-8314000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

61% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

bcab

BioAtla, Inc. Street Expectations Map

BCAB · NASDAQ

Wall Street analysts project that BCAB stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 5.00, with estimates ranging from a low of 5.00 to a high of 5.00.

Lowest Target
5.00
461.23%
Consensus Target
5.00
461.23%
Highest Target
5.00
461.23%

The consensus 1-year price target stands at 5.00, with estimates ranging from a low of 5.00 to a high of 5.00.

Analyst Consensus Analysis

Upside Potential

+461.2%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

bcab

BioAtla, Inc. Insider Positioning

BCAB · NASDAQ

During the last 12 months, there has been no insider trading activity reported for BCAB.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

BCAB has not reported any dividend yield values in the available annual periods.

 

bcab Dividend History

BCAB
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%