Tharimmune, Inc.

Tharimmune, Inc.

THAR·NASDAQ

$3.38

+0.86%
HealthcareBiotechnology

Tharimmune, Inc., a clinical-stage biotechnology company, engages in the development of therapeutic candidates for rare, inflammatory, and oncologic diseases. The company's pre-clinical immuno-oncology pipeline includes TH104, a product candidate for the treatment of liver-related and other pruritogenic inflammatory conditions; TH3215 and TH0059 that are product candidates used to treat various solid tumors; and TH1940, which targets programmed cell death protein 1 (PD-1). It has a research collaboration and product license agreement with Minotaur Therapeutics, Inc. for the development of proprietary targeted biologics. The company was formerly known as Hillstream BioPharma, Inc. and changed its name to Tharimmune, Inc. in September 2023. Tharimmune, Inc. was incorporated in 2017 and is headquartered in Bridgewater, New Jersey.

At a Glance

Live Snapshot
Market Cap$133.41M
EPS-1.1200
P/E Ratio-3.14
Earnings Date06/03/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -3.1).

Valuation inputs: P/E -3.1, earnings yield N/A, momentum +0.9%.

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

Driver

High confidence

Return profile is soft (ROE -9.0%, ROIC -3.3%).

Profitability stack: net margin 0.0%, ROE -9.0%, ROIC -3.3%.

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 +23.3%, momentum +0.9%, net margin 0.0%.

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

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Tharimmune, Inc. Market vs Earnings Trajectory

THAR · NASDAQ

Loading price and EPS data...

Tharimmune, Inc.

Tharimmune, Inc. Fair Value Envelope

THAR · NASDAQ

Our analysis suggests that THAR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.375, this represents a potential HIDDEN relative to our calculated worth for Tharimmune, Inc..

Intrinsic Value
Current Price: $3.375
3Y-100.0%
5Y-99.0%
10Y-98.0%

No Revenue Data

THAR has not reported any revenue values in the available annual periods.

3Y+324.0%
5Y+1386.0%
10Y+2254.0%
3Y+146.0%
5Y+1396.0%
10Y+2184.0%
3Y+146.0%
5Y+1396.0%
10Y+2184.0%
3Y+7662.0%
5Y+176002.0%
10Y+1269797.0%
Tharimmune, Inc.

Tharimmune, Inc. Profit Bridge

THAR · NASDAQ
Revenue0.00
Cost of Goods Sold (0.00)
Gross Profit0.00
Operating Expenses (20.11M)
Operating Income-20.11M
Interest Expense (28.34K)
Other Income/Expense-22.00M
Pretax Income-42.10M
Income Tax (-6.19M)
Net Income-35.92M
Net Income
-35.92M

Profitability Analysis

No Gross Profit Margin Data

THAR has not reported any gross profit margin values in the available annual periods.

No Operating Profit Margin Data

THAR has not reported any operating profit margin values in the available annual periods.

No Net Profit Margin Data

THAR has not reported any net profit margin values in the available annual periods.

-9.03%
Return on Equity
-99%
3Y-94.0%
5Y-114.0%
10Y-110.0%
-6.92%
Return on Assets
-98%
3Y-95.0%
5Y-99.0%
10Y-100.0%
-3.32%
Return on Invested Capital
-100%
3Y-97.0%
5Y-104.0%
10Y-102.0%
THAR

Tharimmune, Inc. Cash Conversion Engine

THAR · NASDAQ
Net Income-35.92M
Depreciation & Amortization24.83K
Stock-Based Compensation2.88M
Change in Working Capital986.41K
Others22.09M
Capital Expenditures0.00
Free Cash Flow-16.13M

Cash Flow Quality Analysis

FCF Conversion Rate

44.9%

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

FCF Growth Trend

-47.9%

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

Working Capital Impact

+$986.41K

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

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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Tharimmune, Inc. Funding & Solvency Profile

THAR · NASDAQ
Cash & Cash Equivalents17.03M
Net Receivables0.00
Inventory0.00
Other Current Assets353.32K
Total Current Assets17 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets501.76M
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets0
Total Assets
519.15M

Financial Health Analysis

Current Ratio

5.29x

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

Debt-to-Equity Ratio

0.30x

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

Working Capital

14 M

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

Asset Composition

3% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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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Tharimmune, Inc. Street Expectations Map

THAR · NASDAQ

No Target Data

No analyst price targets available for thar.

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Tharimmune, Inc. Insider Positioning

THAR · NASDAQ

During the last 12 months, insiders have purchased $502K worth of THAR 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

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

339.5K

502.43K

Sold

0

0.00

Net Activity

+502K

+$502K

Top Buyers

1
GCL

Gravitas Capital Lp

Director, 10 Percent Owner, Officer: Executive Chairman

337.8K shares1 transactions

$500K

2
PS

Parikh Sanam

Director

1.0K shares1 transactions

$1K

3
AS

Appajosyula Sireesh

Director, Officer: Chief Executive Officer

690 shares1 transactions

$979

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $502K 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.

Insider Participation

High Buying

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

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

No Dividend Yield Data

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

 

thar Dividend History

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