Download PDF

1. Company Snapshot

1.a. Company Description

Atai Life Sciences N.V., through its subsidiary, ATAI Life Sciences AG, operates as a clinical-stage biopharmaceutical company.It engages in developing various therapeutic candidates that focuses on various mental health disorders.The company's therapeutic candidates include PCN-101, a subcutaneous formulation of R-ketamine for the treatment of treatment-resistant depression (TRD); RL-007, a cholinergic, glutamatergic, and GABA-B receptor modulator to treat cognitive impairment associated with schizophrenia; DMX-1002, an oral formulation of ibogaine for treating opioid use disorder (OUD); GRX-917, an oral formulation of a deuterated version of etifoxine for the generalized anxiety disorder treatment; and NN-101, a novel intranasal formulation of N-acetylcysteine to treat mild traumatic brain injuries.


Its therapeutic candidates also comprise VLS-01, a formulation of N,N-dimethyltryptamine for treating TRD; EMP-01, an oral formulation of an 3,4-methyl enedioxy methamphetamine for the treatment of post-traumatic stress disorder; RLS-01, a formulation of Salvinorin A for TRD; KUR-101, an oral formulation of deuterated mitragynine to treat OUD; and DMX-1001, an oral formulation of noribogaine for the treatment of OUD.The company was formerly known as Adripa Holding B.V. Atai Life Sciences N.V. was founded in 2018 and is headquartered in Berlin, Germany.

Show Full description

1.b. Last Insights on ATAI

atai Life Sciences' recent performance was negatively impacted by a dilutive public offering of 29.1 million common shares, raising approximately $61.5 million. The company priced the shares at $2.10 per share, diluting existing shareholders. This equity raise may have been driven by the need for additional capital to advance its clinical-stage biopharmaceutical pipeline, particularly in mental health treatments. The company's management team is scheduled to participate in the TD Cowen 45th Annual Health Care Conference, potentially providing more insight into its future plans and strategies.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

3. NewsRoom

Card image cap

Enhanced Fortifies Executive Leadership Team & Board of Directors

Nov -20

Card image cap

AtaiBeckley advances clinical pipeline, strengthens balance sheet in Q3

Nov -12

Card image cap

Oklo highlights operational milestones, progress towards Aurora commercialization in Q3

Nov -11

Card image cap

Atai Beckley N.V. (ATAI) Discusses BPL-003 Phase IIb Open-Label Extension Study Results in Treatment Resistant Depression Transcript

Nov -11

Card image cap

AtaiBeckley reports positive data supporting repeated dosing of BPL-003 in treatment-resistant depression patients

Nov -10

Card image cap

atai Life Sciences and Beckley Psytech complete strategic combination to form AtaiBeckley

Nov -05

Card image cap

atai Life Sciences closes $149.5M public offering, extending cash runway into 2029

Oct -21

Card image cap

atai Life Sciences Announces Closing of Public Offering and Full Exercise of Option to Purchase Additional Common Shares

Oct -20

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (0.00%)

6. Segments

Mental Health Innovations

Expected Growth: 15.1%

Growing demand for mental health treatments, increasing awareness of psychedelic compounds' potential, and advancements in digital therapeutics drive growth in Atai Life Sciences' novel therapeutics for mental health disorders.

7. Detailed Products

Ketamine

A medication primarily used as an anesthetic agent for surgery and other painful procedures

MDMA

A psychoactive drug known for its empathogenic and stimulant effects

Psilocybin

A naturally occurring psychedelic compound found in certain species of mushrooms

DMT

A powerful psychedelic compound found in various plants and animals

Ibogaine

A naturally occurring psychoactive compound found in the roots of the Tabernanthe iboga plant

Ayahuasca

A plant-based psychedelic brew traditionally used in shamanic rituals

8. Atai Life Sciences N.V.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Atai Life Sciences N.V. operates in a highly competitive industry, and there are several substitutes available for its products. However, the company's strong brand recognition and customer loyalty mitigate the threat of substitutes to some extent.

Bargaining Power Of Customers

Atai Life Sciences N.V. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products are often critical to its customers' operations, making it difficult for customers to negotiate prices.

Bargaining Power Of Suppliers

Atai Life Sciences N.V. relies on a few key suppliers for certain raw materials, which gives these suppliers some bargaining power. However, the company's strong relationships with its suppliers and its ability to negotiate contracts mitigate this risk to some extent.

Threat Of New Entrants

The biotechnology industry is highly competitive, and new entrants can easily disrupt the market with innovative products and services. Atai Life Sciences N.V. needs to continuously innovate and invest in research and development to stay ahead of new entrants.

Intensity Of Rivalry

The biotechnology industry is highly competitive, and Atai Life Sciences N.V. faces intense rivalry from established players and new entrants. The company needs to focus on differentiating its products and services to maintain its market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 5.99%
Debt Cost 8.56%
Equity Weight 94.01%
Equity Cost 8.56%
WACC 8.56%
Leverage 6.37%

11. Quality Control: Atai Life Sciences N.V. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Basilea Pharmaceutica

A-Score: 5.4/10

Value: 5.4

Growth: 8.1

Quality: 8.2

Yield: 0.0

Momentum: 5.5

Volatility: 5.3

1-Year Total Return ->

Stock-Card
Gubra

A-Score: 4.5/10

Value: 6.8

Growth: 2.4

Quality: 9.9

Yield: 5.0

Momentum: 2.5

Volatility: 0.3

1-Year Total Return ->

Stock-Card
Atai Life Sciences

A-Score: 4.0/10

Value: 6.0

Growth: 2.9

Quality: 5.0

Yield: 0.0

Momentum: 10.0

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Hyloris Pharma

A-Score: 3.8/10

Value: 6.2

Growth: 6.2

Quality: 3.9

Yield: 0.0

Momentum: 5.0

Volatility: 1.3

1-Year Total Return ->

Stock-Card
Pharma Mar

A-Score: 3.6/10

Value: 1.1

Growth: 4.4

Quality: 7.8

Yield: 1.2

Momentum: 5.0

Volatility: 2.0

1-Year Total Return ->

Stock-Card
BioArctic

A-Score: 3.2/10

Value: 1.5

Growth: 2.6

Quality: 9.9

Yield: 0.0

Momentum: 5.0

Volatility: 0.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.32$

Current Price

4.32$

Potential

-0.00%

Expected Cash-Flows