Maze Therapeutics, Inc.

Maze Therapeutics, Inc.

MAZE·NASDAQ

$25.06

+3.2%
HealthcareBiotechnology

Maze Therapeutics, Inc., a clinical stage biopharmaceutical company, develops small molecule precision medicines for the treatment of renal, cardiovascular, related metabolic diseases, and obesity in the United States. Its lead programs includes MZE829, an oral small molecule inhibitor of apolipoprotein L1, which is in phase II clinical trial for the treatment of patients with APOL1 kidney disease; and MZE782, an oral small molecule inhibitor of the solute transporter SLC6A19, which is in phase I clinical trial for the treatment of chronic kidney disease. Maze Therapeutics, Inc. was formerly known as Modulus Therapeutics, Inc. and changed its name to Maze Therapeutics, Inc. in September 2018. The company was incorporated in 2017 and is based in South San Francisco, California.

At a Glance

Live Snapshot
Market Cap$1.39B
EPS-3.0500
P/E Ratio-8.22
Earnings Date08/11/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -8.2).

Valuation inputs: P/E -8.2, earnings yield N/A, momentum +3.2%.

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

Driver

High confidence

Return profile is soft (ROE -36.9%, ROIC -37.7%).

Profitability stack: net margin 0.0%, ROE -36.9%, ROIC -37.7%.

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 +10.6%, momentum +3.2%, net margin 0.0%.

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

maze

Maze Therapeutics, Inc. Market vs Earnings Trajectory

MAZE · NASDAQ

Loading price and EPS data...

Maze Therapeutics, Inc.

Maze Therapeutics, Inc. Fair Value Envelope

MAZE · NASDAQ

Our analysis suggests that MAZE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $25.06, this represents a potential HIDDEN relative to our calculated worth for Maze Therapeutics, Inc..

Intrinsic Value
Current Price: $25.06
3Y+16.0%
5Y+16.0%
10Y+16.0%
3Y-
5Y-
10Y-
3Y+14.0%
5Y+14.0%
10Y+14.0%
3Y+13.0%
5Y+13.0%
10Y+13.0%
3Y+11.0%
5Y+11.0%
10Y+11.0%
3Y+165.0%
5Y+165.0%
10Y+165.0%
Maze Therapeutics, Inc.

Maze Therapeutics, Inc. Profit Bridge

MAZE · NASDAQ
Revenue0.00
Cost of Goods Sold (2.40M)
Gross Profit-2.40M
Operating Expenses (140.50M)
Operating Income-142.90M
Interest Expense (0.00)
Other Income/Expense11.78M
Pretax Income-131.12M
Income Tax (0.00)
Net Income-131.12M
Net Income
-131.12M

Profitability Analysis

0.00%
Gross Profit Margin
-100%
3Y-
5Y-
10Y-
0.00%
Operating Profit Margin
-100%
3Y-
5Y-
10Y-
0.00%
Net Profit Margin
-100%
3Y-
5Y-
10Y-
-36.94%
Return on Equity
-239%
3Y-67.0%
5Y-67.0%
10Y-67.0%
-33.02%
Return on Assets
-252%
3Y-57.0%
5Y-57.0%
10Y-57.0%
-37.67%
Return on Invested Capital
-250%
3Y-55.0%
5Y-55.0%
10Y-55.0%
MAZE

Maze Therapeutics, Inc. Cash Conversion Engine

MAZE · NASDAQ
Net Income-131.12M
Depreciation & Amortization2.40M
Stock-Based Compensation16.40M
Change in Working Capital-2.27M
Others2.65M
Capital Expenditures-794.00K
Free Cash Flow-112.73M

Cash Flow Quality Analysis

FCF Conversion Rate

86.0%

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

CapEx Intensity

-0.7%

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

FCF Growth Trend

-250.7%

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

Working Capital Impact

-$2.27M

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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Maze Therapeutics, Inc. Funding & Solvency Profile

MAZE · NASDAQ
Cash & Cash Equivalents198.77M
Net Receivables20.00M
Inventory0.00
Other Current Assets7.40M
Total Current Assets380 M
Property, Plant & Equipment23.97M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets15.96M
Total Non-Current Assets40 M
Total Assets
419.71M

Financial Health Analysis

Current Ratio

17.88x

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

Debt-to-Equity Ratio

0.23x

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

Working Capital

359 M

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

Asset Composition

90% 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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Maze Therapeutics, Inc. Street Expectations Map

MAZE · NASDAQ

Wall Street analysts project that MAZE stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 61.60, with estimates ranging from a low of 46.00 to a high of 97.00.

Lowest Target
46.00
83.56%
Consensus Target
61.60
145.81%
Highest Target
97.00
287.07%

The consensus 1-year price target stands at 61.60, with estimates ranging from a low of 46.00 to a high of 97.00.

Analyst Consensus Analysis

Upside Potential

+145.8%

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

Analyst Agreement

82.8% spread

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

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.

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Maze Therapeutics, Inc. Insider Positioning

MAZE · NASDAQ

During the last 12 months, insiders have purchased $991K and sold $9.45M worth of MAZE shares, resulting in $8.46M of net selling activity.

3 Months

Bought

0

0.00

Sold

100.8K

3.54M

Net Activity

-3.5M

-$3.54M

3-6 Months

Bought

0

0.00

Sold

135.0K

5.44M

Net Activity

-5.4M

-$5.44M

6-9 Months

Bought

36.0K

990.72K

Sold

20.7K

464.03K

Net Activity

+527K

+$527K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
HH

Hoppenot Herve

Director

36.0K shares1 transactions

$991K

Top Sellers

1
BH

Bernstein Harold

Officer: President, R&D & Cmo

77.8K shares7 transactions

$3.36M

2
DA

Dandekar Atul

Officer: Csbo

89.3K shares5 transactions

$3.32M

3
SCA

Sohn Catherine A.

Director

29.4K shares2 transactions

$1.15M

4
CJV

Coloma Jason V

Director, Officer: Chief Executive Officer

31.9K shares3 transactions

$830K

5
SRH

Scheller Richard H

Director

20.7K shares1 transactions

$464K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $8.46M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.10:1

Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.

Recent Trend (3 Months)

$3.54M

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

Insider Participation

High Selling

5 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

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

 

maze Dividend History

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