Pacific Biosciences of California, Inc.

Pacific Biosciences of California, Inc.

PACB·NASDAQ

$1.58

+6.0%
HealthcareMedical - Devices

Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing systems to resolve genetically complex problems. The company provides PacBio's Systems, which conduct, monitor, and analyse biochemical sequencing reactions; consumable products, including single molecule real-time (SMRT) cells; and various reagent kits designed for specific workflow, such as template preparation kit to convert DNA into SMRTbell double-stranded DNA library formats, including molecular biology reagents, such as ligase, buffers, and exonucleases. It also offers binding kits, such as modified DNA polymerase used to bind SMRTbell libraries to the polymerase in preparation for sequencing; and sequencing kits comprise reagents required for on-instrument, real-time sequencing, including the phospholinked nucleotides. The company serves research institutions; commercial laboratories; genome centers; public health labs, hospitals and clinical research institutes, contract research organizations, and academic institutions; pharmaceutical companies; and agricultural companies. It markets its products through a direct sales force in North America and Europe, as well as through distribution partners in Asia, Europe, the Middle East, Africa, and Latin America. Pacific Biosciences of California, Inc. has a development and commercialization agreement with Invitae Corporation. The company was formerly known as Nanofluidics, Inc. and changed its name to Pacific Biosciences of California, Inc. in 2005. Pacific Biosciences of California, Inc. was incorporated in 2000 and is headquartered in Menlo Park, California.

At a Glance

Live Snapshot
Market Cap$490.75M
EPS-1.8200
P/E Ratio-0.87
Earnings Date08/03/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.9).

Valuation inputs: P/E -0.9, earnings yield N/A, momentum +6.0%.

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

Driver

High confidence

Return profile is soft (ROE -102.1%, ROIC -76.3%).

Profitability stack: net margin -3.4%, ROE -102.1%, ROIC -76.3%.

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

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +99.3%, momentum +6.0%, net margin -3.4%.

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

pacb

Pacific Biosciences of California, Inc. Market vs Earnings Trajectory

PACB · NASDAQ

Loading price and EPS data...

Pacific Biosciences of California, Inc.

Pacific Biosciences of California, Inc. Fair Value Envelope

PACB · NASDAQ

Our analysis suggests that PACB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $1.58, this represents a potential HIDDEN relative to our calculated worth for Pacific Biosciences of California, Inc..

Intrinsic Value
Current Price: $1.58
3Y+30.0%
5Y-1111.0%
10Y+119.0%
3Y+25.0%
5Y+103.0%
10Y+76.0%
3Y+74.0%
5Y-1958.0%
10Y+635.0%
3Y-58.0%
5Y-670.0%
10Y+64.0%
3Y-59.0%
5Y-717.0%
10Y+50.0%
3Y-56.0%
5Y+89.0%
10Y+469.0%
Pacific Biosciences of California, Inc.

Pacific Biosciences of California, Inc. Profit Bridge

PACB · NASDAQ
Revenue160.00M
Cost of Goods Sold (109.33M)
Gross Profit50.67M
Operating Expenses (608.24M)
Operating Income-557.56M
Interest Expense (6.95M)
Other Income/Expense11.50M
Pretax Income-546.06M
Income Tax (318.00K)
Net Income-546.38M
Net Income
-546.38M

Profitability Analysis

Gross Margin

31.7%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

-348.5%

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

Net Profit Margin

-341.5%

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.

31.67%
Gross Profit Margin
31%
3Y-17.0%
5Y-23.0%
10Y-35.0%
-348.46%
Operating Profit Margin
13%
3Y+46.0%
5Y+163.0%
10Y+344.0%
-341.47%
Net Profit Margin
70%
3Y+39.0%
5Y-1016.0%
10Y+316.0%
-10214.54%
Return on Equity
16600%
3Y+18197.0%
5Y-116649.0%
10Y+11528.0%
-69.68%
Return on Assets
183%
3Y+292.0%
5Y-1081.0%
10Y+29.0%
-76.32%
Return on Invested Capital
94%
3Y+276.0%
5Y+178.0%
10Y+12.0%
PACB

Pacific Biosciences of California, Inc. Cash Conversion Engine

PACB · NASDAQ
Net Income-546.38M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital4.44M
Others430.73M
Capital Expenditures-2.71M
Free Cash Flow-113.92M

Cash Flow Quality Analysis

FCF Conversion Rate

20.9%

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

CapEx Intensity

-2.4%

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

FCF Growth Trend

+46.3%

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

Working Capital Impact

+$4.44M

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

pacb

Pacific Biosciences of California, Inc. Funding & Solvency Profile

PACB · NASDAQ
Cash & Cash Equivalents275.96M
Net Receivables29.35M
Inventory51.02M
Other Current Assets0.00
Total Current Assets356 M
Property, Plant & Equipment124.50M
Goodwill & Intangible Assets331.87M
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets125 M
Total Assets
782.37M

Financial Health Analysis

Current Ratio

10.64x

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

Debt-to-Equity Ratio

6.47x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

323 M

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

Asset Composition

46% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

pacb

Pacific Biosciences of California, Inc. Street Expectations Map

PACB · NASDAQ

Wall Street analysts project that PACB stock may decline over the coming 12 months. The consensus 1-year price target stands at 1.00, with estimates ranging from a low of 1.00 to a high of 1.00.

Lowest Target
1.00
-36.71%
Consensus Target
1.00
-36.71%
Highest Target
1.00
-36.71%

The consensus 1-year price target stands at 1.00, with estimates ranging from a low of 1.00 to a high of 1.00.

Analyst Consensus Analysis

Upside Potential

-36.7%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

0.0% spread

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

Risk-Reward Profile

1.00x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

pacb

Pacific Biosciences of California, Inc. Insider Positioning

PACB · NASDAQ

During the last 12 months, insiders have purchased $502K and sold $1.32M worth of PACB shares, resulting in $814K of net selling activity.

3 Months

Bought

0

0.00

Sold

88.2K

120.81K

Net Activity

-121K

-$121K

3-6 Months

Bought

0

0.00

Sold

729.7K

1.16M

Net Activity

-1.2M

-$1.16M

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

487.5K

502.12K

Sold

26.8K

35.18K

Net Activity

+467K

+$467K

Top Buyers

1
MM

Mohr Marshall

Director

65.0K shares1 transactions

$67K

2
OK

Ordonez Kathy

Director

65.0K shares1 transactions

$67K

3
LRS

Livingston Randall S

Director

65.0K shares1 transactions

$67K

4
VH

Valantine Hannah

Director

65.0K shares1 transactions

$67K

5
MJF

Milligan John F

Director

65.0K shares1 transactions

$67K

Top Sellers

1
HCO

Henry Christian O

Officer: See Remarks

485.2K shares3 transactions

$771K

2
VOM

Van Oene Mark

Officer: See Remarks

218.2K shares4 transactions

$339K

3
GJRI

Gibson James R Ii

Officer: See Remarks

88.2K shares1 transactions

$121K

4
FM

Farmer Michele

Officer: See Remarks

53.1K shares3 transactions

$84K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Negative insider sentiment with $814K net selling. Selling notably exceeds buying, warranting closer scrutiny of company fundamentals.

Buy/Sell Ratio

0.38:1

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

Recent Trend (3 Months)

$121K

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

Insider Participation

Moderate Buying

5 insider buyers vs. 4 sellers. More insiders buying than selling indicates positive sentiment.

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

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

 

pacb Dividend History

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