Catalyst Pharmaceuticals, Inc.

Catalyst Pharmaceuticals, Inc.

CPRXยทNASDAQ

$31.28

+0.032%
HealthcareBiotechnology

Catalyst Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on developing and commercializing therapies for people with rare debilitating, chronic neuromuscular, and neurological diseases in the United States. It offers Firdapse, an amifampridine phosphate tablets for the treatment of patients with lambert-eaton myasthenic syndrome (LEMS); and Ruzurgi for the treatment of pediatric LEMS patients. The company also develops Firdapse for the treatment of MuSK antibody positive myasthenia gravis, and spinal muscular atrophy type 3, as well as to treat hereditary neuropathy with liability to pressure palsies. It has license agreements with BioMarin Pharmaceutical Inc.; and collaboration and license agreement with Endo Ventures Limited for the development and commercialization of generic Sabril tablets. The company was formerly known as Catalyst Pharmaceutical Partners, Inc. and changed its name to Catalyst Pharmaceuticals, Inc. in May 2015. Catalyst Pharmaceuticals, Inc. was founded in 2002 and is based in Coral Gables, Florida.

At a Glance

Live Snapshot
Market Cap$3.83B
EPS1.7500
P/E Ratio17.87
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 17.9).

Valuation inputs: P/E 17.9, earnings yield +5.6%, momentum +0.0%.

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

Driver

High confidence

Return profile is strong (ROE +22.5%, ROIC +20.3%).

Profitability stack: net margin +36.4%, ROE +22.5%, ROIC +20.3%.

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

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +13.8%, momentum +0.0%, net margin +36.4%.

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

cprx

Catalyst Pharmaceuticals, Inc. Market vs Earnings Trajectory

CPRX ยท NASDAQ

Loading price and EPS data...

Catalyst Pharmaceuticals, Inc.

Catalyst Pharmaceuticals, Inc. Fair Value Envelope

CPRX ยท NASDAQ

Our analysis suggests that CPRX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $31.28, this represents a potential HIDDEN relative to our calculated worth for Catalyst Pharmaceuticals, Inc..

Intrinsic Value
Current Price: $31.28
3Y+119.0%
5Y+143.0%
10Y-895.0%
3Y+175.0%
5Y+395.0%
10Y-
3Y+158.0%
5Y+186.0%
10Y-1286.0%
3Y+80.0%
5Y+363.0%
10Y-1262.0%
3Y+80.0%
5Y+363.0%
10Y-1255.0%
3Y+195.0%
5Y+475.0%
10Y+2554.0%
Catalyst Pharmaceuticals, Inc.

Catalyst Pharmaceuticals, Inc. Profit Bridge

CPRX ยท NASDAQ
Revenue588.99M
Cost of Goods Sold (87.25M)
Gross Profit501.74M
Operating Expenses (243.96M)
Operating Income257.78M
Interest Expense (0.00)
Other Income/Expense25.74M
Pretax Income283.51M
Income Tax (69.19M)
Net Income214.33M
Net Income
214.33M

Profitability Analysis

Gross Margin

85.2%

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

Operating Margin

43.8%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

36.4%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

24.4%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

85.19%
Gross Profit Margin
-1%
3Y+1.0%
5Y-1.0%
10Y-
43.77%
Operating Profit Margin
10%
3Y-8.0%
5Y+26.0%
10Y-
36.39%
Net Profit Margin
9%
3Y-6.0%
5Y-42.0%
10Y-
22.46%
Return on Equity
3Y-19.0%
5Y-49.0%
10Y-149.0%
19.36%
Return on Assets
1%
3Y-12.0%
5Y-50.0%
10Y-145.0%
20.30%
Return on Invested Capital
3Y-20.0%
5Y-17.0%
10Y-142.0%
CPRX

Catalyst Pharmaceuticals, Inc. Cash Conversion Engine

CPRX ยท NASDAQ
Net Income214.33M
Depreciation & Amortization37.87M
Stock-Based Compensation24.78M
Change in Working Capital-60.90M
Others-563.00K
Capital Expenditures-58.00K
Free Cash Flow208.61M

Cash Flow Quality Analysis

FCF Conversion Rate

97.3%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

0.0%

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

FCF Growth Trend

-12.8%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$60.90M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

cprx

Catalyst Pharmaceuticals, Inc. Funding & Solvency Profile

CPRX ยท NASDAQ
Cash & Cash Equivalents755.86M
Net Receivables130.83M
Inventory34.93M
Other Current Assets18.77M
Total Current Assets940 M
Property, Plant & Equipment2.85M
Goodwill & Intangible Assets121.97M
Long-Term Investments27.29M
Other Non-Current Assets0.00
Total Non-Current Assets30 M
Total Assets
1.15B

Financial Health Analysis

Current Ratio

7.10x

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

Debt-to-Equity Ratio

0.13x

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

Working Capital

808 M

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

Asset Composition

82% 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.

cprx

Catalyst Pharmaceuticals, Inc. Street Expectations Map

CPRX ยท NASDAQ

Wall Street analysts project that CPRX stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 31.75, with estimates ranging from a low of 31.50 to a high of 32.00.

Lowest Target
31.50
0.70%
Consensus Target
31.75
1.50%
Highest Target
32.00
2.30%

The consensus 1-year price target stands at 31.75, with estimates ranging from a low of 31.50 to a high of 32.00.

Analyst Consensus Analysis

Upside Potential

+1.5%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

1.6% spread

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

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

cprx

Catalyst Pharmaceuticals, Inc. Insider Positioning

CPRX ยท NASDAQ

During the last 12 months, insiders have purchased $908K and sold $10.86M worth of CPRX shares, resulting in $9.96M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

15.5K

360.19K

Net Activity

-360K

-$360K

6-9 Months

Bought

40.0K

908.00K

Sold

41.0K

865.24K

Net Activity

+43K

+$43K

9-12 Months

Bought

0

0.00

Sold

417.9K

9.64M

Net Activity

-9.6M

-$9.64M

Top Buyers

1
EB

Elsbernd Brian

Officer: Chief Compliance/Legal Officer

40.0K sharesโ€ข1 transactions

$908K

Top Sellers

1
MPJ

Mcenany Patrick J

Director, Other: Chairman Of Board Of Directors

200.0K sharesโ€ข2 transactions

$5.22M

2
MS

Miller Steve

Officer: Chief Op. & Scientific Officer

115.0K sharesโ€ข1 transactions

$2.33M

3
EB

Elsbernd Brian

Officer: Chief Compliance/Legal Officer

80.0K sharesโ€ข3 transactions

$1.60M

4
TDS

Tierney David S

Director

26.0K sharesโ€ข1 transactions

$525K

5
DRJ

Daly Richard J

Director, Officer: President And Ceo

23.0K sharesโ€ข1 transactions

$474K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $9.96M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.08:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

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

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cprx Dividend History

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