Fortress Biotech, Inc.

Fortress Biotech, Inc.

FBIOยทNASDAQ

$2.61

+1.6%
HealthcareBiotechnology

Fortress Biotech, Inc., a biopharmaceutical company, develops and commercializes pharmaceutical and biotechnology products. The company markets dermatology products, such as Ximino capsules to treat only inflammatory lesions of non-nodular moderate to severe acne vulgaris; Targadox for severe acne; Exelderm cream for ringworm and jock itch symptoms; Ceracade for dry skin conditions; Luxamend for dressing and managing wounds; and Accutane capsules for severe recalcitrant nodular acne. It also develops late stage product candidates, such as intravenous Tramadol for the treatment of post-operative acute pain; CUTX-101, an injection for the treatment of Menkes disease; MB-107 and MB-207 for the treatment of X-linked severe combined immunodeficiency; Cosibelimab for metastatic cancers; CK-101 for the treatment of patients with EGFR mutation-positive NSCLC; CAEL-101 for the treatment of amyloid light chain amyloidosis; Triplex vaccine for cytomegalovirus; and CEVA101 for the treatment of severe traumatic brain injury in adults and children. The company's early stage product candidates include MB-102 for blastic plasmacytoid dendritic cell neoplasm; MB-101 for glioblastoma; MB-104 for multiple myeloma and light chain amyloidosis; MB-106 for B-cell non-hodgkin lymphoma; MB-103 for GBM & metastatic breast cancer to brain; MB-108; MB-105 for prostate and pancreatic cancers; and BAER-101. Its preclinical product candidates comprise AAV-ATP7A gene therapy; AVTS-001 gene therapy; CK-103 BET inhibitor; CEVA-D and CEVA-102; CK-302, an anti-GITR; CK-303, an anti-CAIX; ConVax; and ONCOlogues, and oligonucleotide platform. It has collaboration arrangements with universities, research institutes, and pharmaceutical companies. The company was formerly known as Coronado Biosciences, Inc. and changed its name to Fortress Biotech, Inc. in April 2015. Fortress Biotech, Inc. was incorporated in 2006 and is based in Bay Harbor Island, New York.

At a Glance

Live Snapshot
Market Cap$86.70M
EPS-0.0674
P/E Ratio-38.72
Earnings Date08/13/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -38.7).

Valuation inputs: P/E -38.7, earnings yield N/A, momentum +1.6%.

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

Driver

High confidence

Return profile is soft (ROE +13.7%, ROIC -50.0%).

Profitability stack: net margin +10.8%, ROE +13.7%, ROIC -50.0%.

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 +66.5%, momentum +1.6%, net margin +10.8%.

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

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Fortress Biotech, Inc. Market vs Earnings Trajectory

FBIO ยท NASDAQ

Loading price and EPS data...

Fortress Biotech, Inc.

Fortress Biotech, Inc. Fair Value Envelope

FBIO ยท NASDAQ

Our analysis suggests that FBIO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $2.61, this represents a potential HIDDEN relative to our calculated worth for Fortress Biotech, Inc..

Intrinsic Value
Current Price: $2.61
3Y-100.0%
5Y-99.0%
10Y-100.0%
3Y-16.0%
5Y+39.0%
10Y+284.0%
3Y-108.0%
5Y-115.0%
10Y-112.0%
3Y-63.0%
5Y-21.0%
10Y+44.0%
3Y-64.0%
5Y-28.0%
10Y+17.0%
3Y-37.0%
5Y-44.0%
10Y+9.0%
Fortress Biotech, Inc.

Fortress Biotech, Inc. Profit Bridge

FBIO ยท NASDAQ
Revenue63.26M
Cost of Goods Sold (20.92M)
Gross Profit42.34M
Operating Expenses (112.56M)
Operating Income-70.22M
Interest Expense (8.71M)
Other Income/Expense36.69M
Pretax Income-33.53M
Income Tax (-620.00K)
Net Income6.82M
Net Income
6.82M

Profitability Analysis

Gross Margin

66.9%

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

Operating Margin

-111.0%

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

Net Profit Margin

10.8%

Strong net margins indicate efficient operations and favorable tax/interest management.

Profitability Insight

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

66.92%
Gross Profit Margin
5%
3Y+13.0%
5Y-2.0%
10Y+115.0%
-111.00%
Operating Profit Margin
-42%
3Y-59.0%
5Y-46.0%
10Y-72.0%
10.77%
Net Profit Margin
-114%
3Y-109.0%
5Y-111.0%
10Y-103.0%
13.66%
Return on Equity
-107%
3Y-107.0%
5Y-129.0%
10Y-110.0%
3.67%
Return on Assets
-112%
3Y-112.0%
5Y-126.0%
10Y-111.0%
-49.97%
Return on Invested Capital
-66%
3Y-56.0%
5Y+53.0%
10Y-12.0%
FBIO

Fortress Biotech, Inc. Cash Conversion Engine

FBIO ยท NASDAQ
Net Income-32.91M
Depreciation & Amortization4.66M
Stock-Based Compensation28.74M
Change in Working Capital-25.10M
Others-41.17M
Capital Expenditures0.00
Free Cash Flow-65.78M

Cash Flow Quality Analysis

FCF Conversion Rate

199.8%

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

-$25.10M

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

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.

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Fortress Biotech, Inc. Funding & Solvency Profile

FBIO ยท NASDAQ
Cash & Cash Equivalents255.84M
Net Receivables24.99M
Inventory9.29M
Other Current Assets5.36M
Total Current Assets295 M
Property, Plant & Equipment14.25M
Goodwill & Intangible Assets26.48M
Long-Term Investments18.71M
Other Non-Current Assets1.96M
Total Non-Current Assets35 M
Total Assets
356.87M

Financial Health Analysis

Current Ratio

2.86x

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

Debt-to-Equity Ratio

0.76x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

192 M

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

Asset Composition

83% 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.

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Fortress Biotech, Inc. Street Expectations Map

FBIO ยท NASDAQ

Wall Street analysts project that FBIO 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
91.57%
Consensus Target
5.00
91.57%
Highest Target
5.00
91.57%

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

+91.6%

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.

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Fortress Biotech, Inc. Insider Positioning

FBIO ยท NASDAQ

During the last 12 months, insiders have purchased $4K worth of FBIO shares, with no selling activity reported.

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

2.7K

3.55K

Sold

0

0.00

Net Activity

+4K

+$4K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
JD

Jin David

Officer: Chief Financial Officer

2.7K sharesโ€ข1 transactions

$4K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $4K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

โˆž:1

Perfect buy/sell ratio. Only buying activity with zero sellingโ€”the most bullish possible insider signal.

Insider Participation

High Buying

1 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Unanimous insider buying: Zero selling combined with active buying is rare and typically very bullish. Insiders appear to see significant upside with limited downside risk.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-
ย 

fbio Dividend History

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