Prothena Corporation plc

Prothena Corporation plc

PRTA·NASDAQ

$8.92

-2.9%
HealthcareBiotechnology

Prothena Corporation plc, a late-stage clinical company, focuses on discovery and development of novel therapies for life-threatening diseases in the United States. The company is involved in developing Birtamimab, an investigational humanized antibody that is in Phase III clinical trial for the treatment of AL amyloidosis; Prasinezumab, a humanized monoclonal antibody, which is in Phase IIb clinical trial for the treatment of Parkinson's disease; PRX004 that completed Phase I clinical trial for the treatment of Transthyretin amyloidosis; and PRX005, which is in Phase I clinical trial for the treatment of Alzheimer's disease. Its discovery and preclinical programs include PRX012 for the treatment of Alzheimer's disease; and dual Aß-Tau vaccine for the treatment and prevention of Alzheimer's disease. Prothena Corporation plc has a license, development, and commercialization agreement with F. Hoffmann-La Roche Ltd. and Hoffmann-La Roche Inc. to develop and commercialize antibodies that target alpha-synuclein; and a collaboration agreement with Bristol-Myers Squibb to develop antibodies. The company was founded in 2012 and is based in Dublin, Ireland.

At a Glance

Live Snapshot
Market Cap$466.99M
EPS-4.5300
P/E Ratio-1.97
Earnings Date08/03/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -2.0).

Valuation inputs: P/E -2.0, earnings yield N/A, momentum -2.9%.

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

Driver

High confidence

Return profile is soft (ROE -87.0%, ROIC -63.9%).

Profitability stack: net margin -25.2%, ROE -87.0%, ROIC -63.9%.

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 +14.2%, momentum -2.9%, net margin -25.2%.

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

prta

Prothena Corporation plc Market vs Earnings Trajectory

PRTA · NASDAQ

Loading price and EPS data...

Prothena Corporation plc

Prothena Corporation plc Fair Value Envelope

PRTA · NASDAQ

Our analysis suggests that PRTA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.92, this represents a potential HIDDEN relative to our calculated worth for Prothena Corporation plc.

Intrinsic Value
Current Price: $8.92
3Y+83.0%
5Y+63.0%
10Y-3.0%
3Y-82.0%
5Y+1035.0%
10Y+818.0%
3Y+109.0%
5Y+120.0%
10Y+52.0%
3Y+50.0%
5Y+104.0%
10Y+39.0%
3Y+50.0%
5Y+103.0%
10Y+22.0%
3Y-57.0%
5Y-2.0%
10Y-29.0%
Prothena Corporation plc

Prothena Corporation plc Profit Bridge

PRTA · NASDAQ
Revenue9.68M
Cost of Goods Sold (3.70M)
Gross Profit5.98M
Operating Expenses (190.54M)
Operating Income-184.56M
Interest Expense (0.00)
Other Income/Expense-16.27M
Pretax Income-200.83M
Income Tax (43.26M)
Net Income-244.09M
Net Income
-244.09M

Profitability Analysis

Gross Margin

61.8%

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

Operating Margin

-1905.8%

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

Net Profit Margin

-2520.6%

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.

61.77%
Gross Profit Margin
-38%
3Y-38.0%
5Y-101.0%
10Y-101.0%
-1905.82%
Operating Profit Margin
1567%
3Y+681.0%
5Y-86.0%
10Y-87.0%
-2520.57%
Net Profit Margin
2685%
3Y+1062.0%
5Y-81.0%
10Y-83.0%
-87.03%
Return on Equity
246%
3Y+363.0%
5Y+44.0%
10Y+99.0%
-74.69%
Return on Assets
234%
3Y+384.0%
5Y+124.0%
10Y+115.0%
-63.90%
Return on Invested Capital
118%
3Y+273.0%
5Y+77.0%
10Y+68.0%
PRTA

Prothena Corporation plc Cash Conversion Engine

PRTA · NASDAQ
Net Income-244.09M
Depreciation & Amortization895.00K
Stock-Based Compensation37.64M
Change in Working Capital-4.17M
Others2.91M
Capital Expenditures-138.00K
Free Cash Flow-163.72M

Cash Flow Quality Analysis

FCF Conversion Rate

67.1%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-0.1%

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

FCF Growth Trend

-8.9%

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

Working Capital Impact

-$4.17M

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.

prta

Prothena Corporation plc Funding & Solvency Profile

PRTA · NASDAQ
Cash & Cash Equivalents329.46M
Net Receivables0.00
Inventory0.00
Other Current Assets9.74M
Total Current Assets339 M
Property, Plant & Equipment9.35M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets1.34M
Total Non-Current Assets11 M
Total Assets
349.89M

Financial Health Analysis

Current Ratio

10.43x

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

Debt-to-Equity Ratio

0.12x

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

Working Capital

307 M

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

Asset Composition

97% 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.

prta

Prothena Corporation plc Street Expectations Map

PRTA · NASDAQ

Wall Street analysts project that PRTA stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 19.00, with estimates ranging from a low of 19.00 to a high of 19.00.

Lowest Target
19.00
113.00%
Consensus Target
19.00
113.00%
Highest Target
19.00
113.00%

The consensus 1-year price target stands at 19.00, with estimates ranging from a low of 19.00 to a high of 19.00.

Analyst Consensus Analysis

Upside Potential

+113.0%

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.

prta

Prothena Corporation plc Insider Positioning

PRTA · NASDAQ

During the last 12 months, insiders have purchased $981K worth of PRTA shares, with no selling activity reported.

3 Months

Bought

100.0K

981.30K

Sold

0

0.00

Net Activity

+981K

+$981K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

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
SWP

Scully William P

10 Percent Owner

100.0K shares1 transactions

$981K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $981K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Recent Trend (3 Months)

$981K

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

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.

No Dividend Yield Data

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

 

prta Dividend History

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