HI

Heartflow, Inc. Common Stock

HTFL·NASDAQ

$28.85

-6.9%
HealthcareMedical - Healthcare Information Services

HeartFlow, Inc., a medical technology company, provides non-invasive solutions for diagnosing and managing coronary artery diseases worldwide. Its HeartFlow Platform uses AI and computational fluid dynamics to creates a personalized 3D model of a patient's heart from a single coronary computed tomography angiography, a specialized type of scan that provides detailed images of the heart's arteries. The company's platform provides insights on blood flow, stenosis, and plaque volume and composition by overcoming the limitations of traditional non-invasive imaging tests. The company was founded in 2007 and is headquartered in Mountain View, California.

At a Glance

Live Snapshot
Market Cap$2.49B
EPS-1.3700
P/E Ratio-21.06
Earnings Date06/17/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -21.1).

Valuation inputs: P/E -21.1, earnings yield N/A, momentum -6.9%.

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

Driver

High confidence

Return profile is soft (ROE -38.9%, ROIC -19.8%).

Profitability stack: net margin -66.3%, ROE -38.9%, ROIC -19.8%.

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 +16.4%, momentum -6.9%, net margin -66.3%.

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

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Heartflow, Inc. Common Stock Market vs Earnings Trajectory

HTFL · NASDAQ

Loading price and EPS data...

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Heartflow, Inc. Common Stock Fair Value Envelope

HTFL · NASDAQ

Our analysis suggests that HTFL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $28.85, this represents a potential HIDDEN relative to our calculated worth for Heartflow, Inc. Common Stock.

Intrinsic Value
Current Price: $28.85
3Y-29.0%
5Y-29.0%
10Y-29.0%
3Y+102.0%
5Y+102.0%
10Y+102.0%
3Y+22.0%
5Y+22.0%
10Y+22.0%
3Y-29.0%
5Y-29.0%
10Y-29.0%
3Y-28.0%
5Y-28.0%
10Y-28.0%
3Y+94.0%
5Y+94.0%
10Y+94.0%
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Heartflow, Inc. Common Stock Profit Bridge

HTFL · NASDAQ
Revenue176.03M
Cost of Goods Sold (40.84M)
Gross Profit135.20M
Operating Expenses (199.26M)
Operating Income-64.07M
Interest Expense (15.17M)
Other Income/Expense-52.80M
Pretax Income-116.87M
Income Tax (-76.00K)
Net Income-116.79M
Net Income
-116.79M

Profitability Analysis

Gross Margin

76.8%

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

Operating Margin

-36.4%

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

Net Profit Margin

-66.3%

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.

76.80%
Gross Profit Margin
2%
3Y+15.0%
5Y+15.0%
10Y+15.0%
-36.39%
Operating Profit Margin
-25%
3Y-56.0%
5Y-56.0%
10Y-56.0%
-66.35%
Net Profit Margin
-13%
3Y-40.0%
5Y-40.0%
10Y-40.0%
-38.85%
Return on Equity
-446%
3Y-416.0%
5Y-416.0%
10Y-416.0%
-32.49%
Return on Assets
-60%
3Y-37.0%
5Y-37.0%
10Y-37.0%
-19.82%
Return on Invested Capital
-71%
3Y-57.0%
5Y-57.0%
10Y-57.0%
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Heartflow, Inc. Common Stock Cash Conversion Engine

HTFL · NASDAQ
Net Income-116.79M
Depreciation & Amortization8.57M
Stock-Based Compensation13.96M
Change in Working Capital-7.66M
Others47.89M
Capital Expenditures-5.03M
Free Cash Flow-59.05M

Cash Flow Quality Analysis

FCF Conversion Rate

50.6%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-9.3%

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

FCF Growth Trend

+19.5%

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

Working Capital Impact

-$7.66M

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

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Heartflow, Inc. Common Stock Funding & Solvency Profile

HTFL · NASDAQ
Cash & Cash Equivalents19.67M
Net Receivables35.53M
Inventory0.00
Other Current Assets17.99M
Total Current Assets212 M
Property, Plant & Equipment24.24M
Goodwill & Intangible Assets0.00
Long-Term Investments96.58M
Other Non-Current Assets11.38M
Total Non-Current Assets132 M
Total Assets
344.02M

Financial Health Analysis

Current Ratio

5.57x

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

Debt-to-Equity Ratio

0.20x

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

Working Capital

174 M

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

Asset Composition

62% 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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Heartflow, Inc. Common Stock Street Expectations Map

HTFL · NASDAQ

Wall Street analysts project that HTFL stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 37.00, with estimates ranging from a low of 37.00 to a high of 37.00.

Lowest Target
37.00
28.25%
Consensus Target
37.00
28.25%
Highest Target
37.00
28.25%

The consensus 1-year price target stands at 37.00, with estimates ranging from a low of 37.00 to a high of 37.00.

Analyst Consensus Analysis

Upside Potential

+28.3%

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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Heartflow, Inc. Common Stock Insider Positioning

HTFL · NASDAQ

During the last 12 months, insiders have purchased $1.05M and sold $121.27M worth of HTFL shares, resulting in $120.22M of net selling activity.

3 Months

Bought

0

0.00

Sold

2.1M

62.51M

Net Activity

-62.5M

-$62.51M

3-6 Months

Bought

40.0K

1.05M

Sold

2.1M

58.76M

Net Activity

-57.7M

-$57.71M

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

1
LJC

Lightcap Jeffrey C

Director

40.0K shares1 transactions

$1.05M

Top Sellers

1
BCLSIL

Bain Capital Life Sciences Investors, Llc

10 Percent Owner

3.9M shares4 transactions

$113.31M

2
RC

Rogers Campbell

Officer: Chief Medical Officer

203.4K shares4 transactions

$5.10M

3
FJC

Farquhar John C.M.

Director, Officer: Chief Executive Officer

90.2K shares5 transactions

$2.41M

4
CJA

Cullivan Julie A

Director

17.1K shares2 transactions

$447K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $120.22M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.01:1

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

Recent Trend (3 Months)

$62.51M

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

Insider Participation

High Selling

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

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

No Dividend Yield Data

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

 

htfl Dividend History

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