4D Molecular Therapeutics, Inc. (FDMT) | Investment Case

1. Company Snapshot

1.a. Company Description

4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors.It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology.The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease.

Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease.4D Molecular Therapeutics, Inc.has research and collaboration arrangements with uniQure; CRF; Roche; and CFF.

The company was founded in 2013 and is headquartered in Emeryville, California.4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors.It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology.The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease.

Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease.4D Molecular Therapeutics, Inc.has research and collaboration arrangements with uniQure; CRF; Roche; and CFF.

The company was founded in 2013 and is headquartered in Emeryville, California.

Show Full description

1.b. Last Insights on FDMT

Negative drivers behind 4D Molecular Therapeutics, Inc.'s recent performance include multiple law firm investigations into potential securities fraud, which may have led to increased uncertainty and volatility. Pomerantz LLP has been investigating claims on behalf of investors since mid-January 2025, advising them to contact the firm regarding potential legal action. These ongoing investigations may have negatively impacted investor sentiment, contributing to the company's recent struggles.

1.c. Company Highlights

Last Price	9.02
Change Percentage	-1.64%
Open	9.03
Previous Close	9.17
Market Cap ( Millions)	460
Volume	657417
Year High	12.34
Year Low	2.23
M A 50	8.68
M A 200	7.31

FCF Yield	-40.22%
Dividend Yield	0.00%
ROE	-47.27%
Debt / Equity	6.03%
Net Debt / EBIDTA	11.59%
Price To Book	1.37
Price Earnings Ratio	-2.42
Price To FCF	-2.49
Price To sales	3834.09
EV / EBITDA	-1.91

2. Transcript Summary

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3. NewsRoom

4DMT to Participate in Upcoming Investor Conferences

Feb -19

Source: globenewswire.com

4DMT Announces New Employment Inducement Grants

Feb -13

Source: globenewswire.com

4DMT Completes Enrollment for 4FRONT-1 Phase 3 Clinical Trial of 4D-150 in Wet AMD

Feb -09

Source: globenewswire.com

4DMT Announces New Employment Inducement Grants

Jan -17

Source: globenewswire.com

4D Molecular Therapeutics, Inc. (FDMT) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript

Jan -14

Source: seekingalpha.com

Contrasting NLS Pharmaceutics (NASDAQ:NCEL) and 4D Molecular Therapeutics (NASDAQ:FDMT)

Jan -10

Source: defenseworld.net

4DMT Provides Company Update and Anticipated Development Milestones for 2026

Jan -07

Source: globenewswire.com

4D Molecular Therapeutics (NASDAQ:FDMT) Insider Sells $17,821.50 in Stock

Dec -22

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.30%)

6. Segments

Gene Therapeutic Products

Expected Growth: 11.3%

4D Molecular Therapeutics, Inc.'s gene therapeutic products are driven by increasing demand for novel treatments, advancements in gene editing technologies, and a growing understanding of genetic diseases. The company's proprietary vector platform and strong pipeline of product candidates also contribute to its 11.3% growth.

7. Detailed Products

Therapeutic Products

4D Molecular Therapeutics, Inc. develops and commercializes gene therapies for rare genetic diseases and other serious conditions.

Vector Platform

A proprietary adeno-associated virus (AAV) vector platform designed to optimize gene therapy delivery and expression.

Directed Evolution

A proprietary technology platform that uses directed evolution to engineer AAV vectors with improved properties.

Gene Therapy Candidates

A pipeline of gene therapy candidates in various stages of development for the treatment of rare genetic diseases.

8. 4D Molecular Therapeutics, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for 4D Molecular Therapeutics, Inc. is medium due to the presence of alternative gene therapy approaches and emerging technologies.

Bargaining Power Of Customers

The bargaining power of customers for 4D Molecular Therapeutics, Inc. is low due to the company's specialized gene therapy products and limited competition.

Bargaining Power Of Suppliers

The bargaining power of suppliers for 4D Molecular Therapeutics, Inc. is medium due to the company's dependence on a few key suppliers for raw materials and equipment.

Threat Of New Entrants

The threat of new entrants for 4D Molecular Therapeutics, Inc. is high due to the growing interest in gene therapy and the potential for new companies to enter the market.

Intensity Of Rivalry

The intensity of rivalry for 4D Molecular Therapeutics, Inc. is medium due to the presence of established competitors in the gene therapy market and the company's need to differentiate itself.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	4.55%
Debt Cost	3.95%
Equity Weight	95.45%
Equity Cost	18.61%
WACC	17.95%
Leverage	4.77%

11. Quality Control: 4D Molecular Therapeutics, Inc. passed 3 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Daré Bioscience

A-Score: 4.2/10

Value: 8.0

Growth: 7.0

Quality: 7.6

Yield: 0.0

Momentum: 0.5

Volatility: 2.0

1-Year Total Return ->

Quantum-Si

A-Score: 4.1/10

Value: 7.6

Growth: 4.8

Quality: 4.5

Yield: 0.0

Momentum: 7.5

Volatility: 0.3

1-Year Total Return ->

4D Molecular Therapeutics

A-Score: 3.6/10

Value: 7.3

Growth: 1.2

Quality: 3.8

Yield: 0.0

Momentum: 8.5

Volatility: 1.0

1-Year Total Return ->

Avid Bioservices

A-Score: 3.6/10

Value: 4.0

Growth: 4.6

Quality: 1.9

Yield: 0.0

Momentum: 7.0

Volatility: 4.0

1-Year Total Return ->

Voyager Therapeutics

A-Score: 3.4/10

Value: 7.8

Growth: 4.8

Quality: 4.5

Yield: 0.0

Momentum: 1.5

Volatility: 2.0

1-Year Total Return ->

Keros Therapeutics

A-Score: 3.2/10

Value: 7.0

Growth: 0.3

Quality: 8.4

Yield: 0.0

Momentum: 0.0

Volatility: 3.7

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

26.69%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

17.95%

4D Molecular Therapeutics, Inc. - US35104E1001

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on FDMT

1.c. Company Highlights

Average Growth

Stable Momentum

Medium Volatility

Earnings Beats

Revenues Miss

Lower Growth

Fairly Valued

Earnings Miss

Average Quality

Weak Momentum

Revenues Beats

Lower Quality

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.30%)

6. Segments

Gene Therapeutic Products

Expected Growth: 11.3%

7. Detailed Products

Therapeutic Products

Vector Platform

Directed Evolution

Gene Therapy Candidates

8. 4D Molecular Therapeutics, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: 4D Molecular Therapeutics, Inc. passed 3 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

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

9.02$

Current Price

9.02$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA