BT

Bicara Therapeutics Inc. Common Stock

BCAX·NASDAQ

$20.00

+1.8%
HealthcareBiotechnology

Bicara Therapeutics Inc., a clinical-stage biopharmaceutical company, develops bifunctional therapies for solid tumors. Its lead program is ficerafusp alfa, a bifunctional antibody that combines an epidermal growth factor receptor (EGFR) directed monoclonal antibody with a domain that binds to human transforming growth factor beta (TGF-b) for the treatment of solid tumors. The company was incorporated in 2018 and is based in Boston, Massachusetts. Bicara Therapeutics Inc. is a subsidiary of Biocon Limited.

At a Glance

Live Snapshot
Market Cap$1.10B
EPS-2.5200
P/E Ratio-7.94
Earnings Date08/11/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -7.9).

Valuation inputs: P/E -7.9, earnings yield N/A, momentum +1.8%.

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

Driver

High confidence

Return profile is soft (ROE -34.4%, ROIC -38.6%).

Profitability stack: net margin 0.0%, ROE -34.4%, ROIC -38.6%.

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 +6.9%, momentum +1.8%, net margin 0.0%.

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

b

Bicara Therapeutics Inc. Common Stock Market vs Earnings Trajectory

BCAX · NASDAQ

Loading price and EPS data...

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Bicara Therapeutics Inc. Common Stock Fair Value Envelope

BCAX · NASDAQ

Our analysis suggests that BCAX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $20, this represents a potential HIDDEN relative to our calculated worth for Bicara Therapeutics Inc. Common Stock.

Intrinsic Value
Current Price: $20
3Y+245.0%
5Y+245.0%
10Y+245.0%

No Revenue Data

BCAX has not reported any revenue values in the available annual periods.

3Y+265.0%
5Y+265.0%
10Y+265.0%
3Y+233.0%
5Y+233.0%
10Y+233.0%
3Y+232.0%
5Y+232.0%
10Y+232.0%
3Y+6330.0%
5Y+6330.0%
10Y+6330.0%
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Bicara Therapeutics Inc. Common Stock Profit Bridge

BCAX · NASDAQ
Revenue0.00
Cost of Goods Sold (0.00)
Gross Profit0.00
Operating Expenses (155.60M)
Operating Income-155.60M
Interest Expense (0.00)
Other Income/Expense17.87M
Pretax Income-137.73M
Income Tax (217.00K)
Net Income-137.95M
Net Income
-137.95M

Profitability Analysis

No Gross Profit Margin Data

BCAX has not reported any gross profit margin values in the available annual periods.

No Operating Profit Margin Data

BCAX has not reported any operating profit margin values in the available annual periods.

No Net Profit Margin Data

BCAX has not reported any net profit margin values in the available annual periods.

-34.36%
Return on Equity
149%
3Y-116.0%
5Y-116.0%
10Y-116.0%
-32.01%
Return on Assets
168%
3Y-94.0%
5Y-94.0%
10Y-94.0%
-38.60%
Return on Invested Capital
159%
3Y-118.0%
5Y-118.0%
10Y-118.0%
B

Bicara Therapeutics Inc. Common Stock Cash Conversion Engine

BCAX · NASDAQ
Net Income-137.95M
Depreciation & Amortization406.00K
Stock-Based Compensation15.01M
Change in Working Capital14.81M
Others895.00K
Capital Expenditures-280.00K
Free Cash Flow-107.11M

Cash Flow Quality Analysis

FCF Conversion Rate

77.6%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-0.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-43.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$14.81M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

b

Bicara Therapeutics Inc. Common Stock Funding & Solvency Profile

BCAX · NASDAQ
Cash & Cash Equivalents323.46M
Net Receivables0.00
Inventory0.00
Other Current Assets5.16M
Total Current Assets545 M
Property, Plant & Equipment1.77M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets6.91M
Total Non-Current Assets9 M
Total Assets
553.60M

Financial Health Analysis

Current Ratio

13.85x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.08x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

506 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

98% Current

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

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

b

Bicara Therapeutics Inc. Common Stock Street Expectations Map

BCAX · NASDAQ

Wall Street analysts project that BCAX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 28.60, with estimates ranging from a low of 18.00 to a high of 42.00.

Lowest Target
18.00
-10.00%
Consensus Target
28.60
43.00%
Highest Target
42.00
110.00%

The consensus 1-year price target stands at 28.60, with estimates ranging from a low of 18.00 to a high of 42.00.

Analyst Consensus Analysis

Upside Potential

+43.0%

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

Analyst Agreement

83.9% spread

High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.

Risk-Reward Profile

11.00x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

b

Bicara Therapeutics Inc. Common Stock Insider Positioning

BCAX · NASDAQ

During the last 12 months, insiders have purchased $4.83M and sold $3.53M worth of BCAX shares, resulting in $1.30M of net buying activity.

3 Months

Bought

0

0.00

Sold

108.4K

2.25M

Net Activity

-2.3M

-$2.25M

3-6 Months

Bought

300.0K

4.80M

Sold

43.5K

797.08K

Net Activity

+4.0M

+$4.00M

6-9 Months

Bought

8.0K

30.32K

Sold

26.4K

485.45K

Net Activity

-455K

-$455K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
RCML

Ra Capital Management, L.P.

Director, 10 Percent Owner:

300.0K shares1 transactions

$4.80M

2
CR

Cohlhepp Ryan

Director, Officer: President And Coo

8.0K shares1 transactions

$30K

Top Sellers

1
CR

Cohlhepp Ryan

Director, Officer: President And Coo

60.0K shares9 transactions

$1.16M

2
HI

Hyep Ivan

Officer: Chief Financial Officer

57.1K shares7 transactions

$1.11M

3
MC

Mazumdar Claire

Director, Officer: Chief Executive Officer

50.3K shares8 transactions

$1.03M

4
RD

Raben David

Officer: Chief Medical Officer

11.0K shares2 transactions

$230K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Moderately bullish with $1.30M net buying. Insiders show cautious optimism through measured share purchases.

Buy/Sell Ratio

1.37:1

Positive buy/sell ratio. Buying exceeds or matches selling, indicating net positive insider sentiment.

Recent Trend (3 Months)

$2.25M

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

Moderate Selling

4 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

No Dividend Yield Data

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

 

bcax Dividend History

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