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1. Company Snapshot

1.a. Company Description

IGM Biosciences, Inc., a biotechnology company, develops Immunoglobulin M (IgM) antibodies for the treatment of cancer, infectious diseases, and autoimmune and inflammatory diseases.The company's lead product candidate is IGM-2323, a bispecific IgM antibody that is in Phase 2 clinical trials to treat patients with relapsed/refractory B cell Non-Hodgkin's lymphoma (NHL).It is also developing IGM-8444, an IgM antibody, which is in Phase 1 clinical trials for the treatment of patients with solid cancers; and IGM-7354, an anti-PD-L1 IgM antibody for the treatment of patients with solid and hematologic malignancies; IGM-2644, a bispecific T cell engaging IgM antibody targeting CD38 and CD3 proteins for the treatment of patients with multiple myeloma; and IGM-2537, a bispecific T cell engaging IgM antibody targeting CD123 and CD3 proteins for the treatment of patients with acute myeloid leukemia, myelodysplastic syndromes, and acute lymphoblastic leukemia.


It has a collaboration and license agreement with Genzyme Corporation to generate, develop, manufacture, and commercialize IgM antibodies.The company was formerly known as Palingen, Inc.and changed its name to IGM Biosciences, Inc.


in 2010.IGM Biosciences, Inc.was incorporated in 1993 and is headquartered in Mountain View, California.

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1.b. Last Insights on IGMS

IGM Biosciences, Inc.'s recent performance was marred by a wider-than-expected quarterly loss of $0.86 per share, surpassing the Zacks Consensus Estimate of a loss of $0.41. This disappointing earnings miss was a stark contrast to the loss of $0.83 per share reported in the same period last year. Furthermore, the company's revenue fell short of estimates, underscoring the challenges it faces in the current market.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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IGM Biosciences, Inc. (IGMS) Q2 Earnings and Revenues Surpass Estimates

Aug -01

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IGMS Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of IGM Biosciences, Inc. is Fair to Shareholders

Jul -01

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IGM Biosciences Enters into Agreement to Be Acquired by Concentra Biosciences for $1.247 in Cash per Share Plus a Contingent Value Right

Jul -01

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IGM Biosciences, Inc. (IGMS) Reports Q1 Loss, Misses Revenue Estimates

May -13

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Down -76.91% in 4 Weeks, Here's Why IGM Biosciences (IGMS) Looks Ripe for a Turnaround

Feb -05

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of IGM Biosciences, Inc. - IGMS

Feb -01

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of IGM Biosciences, Inc. - IGMS

Jan -28

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of IGM Biosciences, Inc. - IGMS

Jan -26

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

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

6. Segments

Engineered Immunoglobulin M Antibodies

Expected Growth: 11.3%

IGM Biosciences' Engineered Immunoglobulin M Antibodies' 11.3% growth is driven by increasing adoption in cancer treatment, rising demand for targeted therapies, and advancements in antibody engineering. Additionally, growing investments in R&D, strategic partnerships, and expanding applications in autoimmune diseases contribute to the segment's rapid growth.

7. Detailed Products

IGM-2323

IGM-2323 is a Bispecific Antibody targeting CD20 and CD3 for the treatment of B-cell Non-Hodgkin Lymphoma

IGM-2543

IGM-2543 is a Bispecific Antibody targeting CD38 and CD3 for the treatment of Multiple Myeloma

IGM-8444

IGM-8444 is a Bispecific Antibody targeting PD-1 and CD28 for the treatment of Solid Tumors

8. IGM Biosciences, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for IGM Biosciences, Inc. is moderate due to the presence of alternative treatments and therapies for cancer and other diseases.

Bargaining Power Of Customers

The bargaining power of customers for IGM Biosciences, Inc. is low due to the company's specialized products and limited competition in the biotech industry.

Bargaining Power Of Suppliers

The bargaining power of suppliers for IGM Biosciences, Inc. is moderate due to the company's reliance on a few key suppliers for raw materials and equipment.

Threat Of New Entrants

The threat of new entrants for IGM Biosciences, Inc. is high due to the growing demand for biotech products and the increasing number of startups and established companies entering the market.

Intensity Of Rivalry

The intensity of rivalry for IGM Biosciences, Inc. is high due to the competitive nature of the biotech industry and the presence of established companies and new entrants vying for market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 16.62%
Debt Cost 3.95%
Equity Weight 83.38%
Equity Cost 5.23%
WACC 5.02%
Leverage 19.93%

11. Quality Control: IGM Biosciences, 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

Stock-Card
Stoke Therapeutics

A-Score: 4.4/10

Value: 1.3

Growth: 5.2

Quality: 8.9

Yield: 0.0

Momentum: 9.5

Volatility: 1.7

1-Year Total Return ->

Stock-Card
IGM Biosciences

A-Score: 3.8/10

Value: 9.4

Growth: 7.1

Quality: 4.3

Yield: 0.0

Momentum: 0.0

Volatility: 2.0

1-Year Total Return ->

Stock-Card
Editas Medicine

A-Score: 3.3/10

Value: 6.2

Growth: 3.9

Quality: 3.6

Yield: 0.0

Momentum: 6.0

Volatility: 0.3

1-Year Total Return ->

Stock-Card
Beam Therapeutics

A-Score: 3.2/10

Value: 6.6

Growth: 3.2

Quality: 3.7

Yield: 0.0

Momentum: 4.0

Volatility: 1.7

1-Year Total Return ->

Stock-Card
AIM ImmunoTech

A-Score: 3.1/10

Value: 8.0

Growth: 4.3

Quality: 6.1

Yield: 0.0

Momentum: 0.0

Volatility: 0.3

1-Year Total Return ->

Stock-Card
Precision BioSciences

A-Score: 3.0/10

Value: 6.6

Growth: 5.0

Quality: 3.5

Yield: 0.0

Momentum: 1.5

Volatility: 1.7

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

1.27$

Current Price

1.27$

Potential

-0.00%

Expected Cash-Flows