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CNTB.O NASDAQ Pharmaceuticals & Medical Research

Connect Biopharma Holdings Ltd

$2,00
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Mcap
125,9M USD
P/E
EV / Rev
Div yield
Op margin
ROE
Net margin
Debt / equity
Beta
52w range
Volume
984
Day range
$2,40–$2,56
Prev close
$2,40
Open
$2,41
Next earnings
2026-10-28
Ex-dividend
TR 1Y
About

Connect Biopharma Holdings Ltd is a biotechnology company focused on the development and commercialization of innovative therapies for the treatment of cancer and other serious diseases.

Business. Connect Biopharma Holdings Ltd (CNTB.O) is a biotechnology and medical research company operating within the healthcare sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

Classification99 %
SectorHealth Care
Industry groupPharmaceuticals & Medical Research
Generated · model-assisted
Sell-side consensus
BUY5 analysts
5 buy0 hold0 sell
Avg 12m price target8,38

Analyst recommendations

5 analysts · consensus Buy
Buy5
Hold0
Sell0
12-month price target
8,38
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
5 analysts · indicative
Ownership
Goldman Sachs Asset Management, L.P.
largest disclosed fund holder
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning CNTB.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care · THIS SECTOR+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to CNTB.O. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Connect Biopharma Holdings Ltd (CNTB.O) is a biotechnology and medical research company operating within the healthcare sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

    Classification99 %
    SectorHealth Care
    Industry groupPharmaceuticals & Medical Research
    AI synthesis
    GENERATED

    Connect Biopharma has a market capitalization of $156.15 million, with a current market price of $2.48 per share. The company has no dilution risk in the near term, as the number of basic and diluted shares outstanding is identical at 62.96 million. However, liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents.

    Profitability metrics are not available in the current dataset, and no industry-specific preferred metrics are provided for comparison. Analysts have assigned a mean price target of $8.38 and a median price target of $8.25, indicating a potential upside of over 230% from the current market price.

    The company does not disclose segment or geographic revenue breakdowns in the available data, so no conclusions can be drawn about revenue concentration or geographic exposure.

    Outlook data is not available in the current dataset, but analyst estimates suggest strong interest in the company’s future performance, with 2 strong-buy and 3 buy ratings.

    No recent filings or transcripts are available in the current dataset to inform recent events or strategic developments.

    Dilution risk is currently low, as the number of basic and diluted shares is the same, and no dilution adjustments are recorded in the valuation snapshot.

    Key takeaways
    • Connect Biopharma is a biotechnology company with a market cap of $156.15 million and a current share price of $2.48.
    • Analysts have assigned a mean price target of $8.38, suggesting a potential upside of over 230%.
    • The company has no immediate dilution risk, as basic and diluted shares are equal.
    • Liquidity risk could not be assessed due to missing balance-sheet data.
    • No segment or geographic revenue breakdown is available, limiting visibility into revenue concentration.
    • Analysts have issued 2 strong-buy and 3 buy ratings, with no hold or sell ratings.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-31
    Q4 2025 · Quarter highlights
    Open report →

    Revenue $169.0k; Operating income −71,3% YoY.

    Revenue$169.0k
    Operating income-$19.6M−71,3 % YoY
    Net income
    Free cash flow
    EPS
    Operating cash flow-$16.0M−60,7 % YoY
    Financials
    Income statement
    Revenue$169.0k
    Gross profit
    Operating income-$19.6M
    Net income
    Margins
    Gross margin
    Operating margin-11601.8%
    Net margin
    FCF margin
    Balance sheet
    Total assets
    Total liabilities$17.4M
    Total equity$42.6M
    Cash & equivalents$46.0M
    Long-term debt
    Cash flow
    Operating cash flow-$16.0M
    CapEx$0.00
    Free cash flow
    SBC
    P&L flow · revenue → net income
    Revenue $169.0kOperating costs $19.8M
    Highlights
    • Revenue $169.0k
    • Operating income −71,3% YoY
    • Operating margin -11601.8%

    Valuation FY

    Market price
    $2,00
    Market cap
    $156.2M
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    INDUSTRYSEGMENTCOMPANYHealthcareIndustryPharmaceuticals & Medical Research15,2B node revenueKLAR 23,0%BNTX 21,4%EXEL 15,2%MDGL 6,3%INSM 4,0%VCYT 3,4%MDXG 2,8%AVIR 2,3%Other 21,6%
    Source: company disclosures · own-taxonomy revenue-covered setCNTB 0,0% · rank #102 of 109

    Business relationships

    Business relationships6 disclosed relationships · 1 type · extracted from filings & disclosures
    Subsidiaries6
    EX21:099f25a958b5EX21:099f25a958b5Subsidiarie97%
    EX21:628e2522492aEX21:628e2522492aSubsidiarie97%
    EX21:62c067a41610EX21:62c067a41610Subsidiarie97%
    EX21:ce343427e152EX21:ce343427e152Subsidiarie97%
    EX21:f782314e4ae6EX21:f782314e4ae6Subsidiarie97%
    EX21:f8551befdb49EX21:f8551befdb49Subsidiarie97%

    Supply chain

    — missing data

    Peer comparison

    Peer comparison8 peers · vs CNTB · multiples and returns
    KL
    KLAR
    KLAR.ST
    P/E
    vs self
    Div yield
    vs self
    ROE
    vs self
    BN
    BNTX
    Biontech SE
    $92,25
    23,3B USD
    P/E
    vs self
    Div yield
    vs self
    ROE
    vs self
    EX
    EXEL
    Exelixis Inc
    $55,06
    14,7B USD
    P/E
    19,5x
    vs self
    Div yield
    vs self
    ROE
    40,4 %
    vs self
    MD
    MDGL
    Madrigal Pharmaceuticals Inc
    $482,00
    11,0B USD
    P/E
    vs self
    Div yield
    vs self
    ROE
    -47,8 %
    vs self
    IN
    INSM
    Insmed Inc
    $107,46
    23,0B USD
    P/E
    vs self
    Div yield
    vs self
    ROE
    -160,2 %
    vs self
    VC
    VCYT
    Veracyte Inc
    $45,30
    3,6B USD
    P/E
    55,5x
    vs self
    Div yield
    vs self
    ROE
    5,1 %
    vs self
    MD
    MDXG
    Mimedx Group Inc
    $4,27
    636,0M USD
    P/E
    11,1x
    vs self
    Div yield
    vs self
    ROE
    18,9 %
    vs self
    AV
    AVIR
    Atea Pharmaceuticals Inc
    $4,61
    P/E
    vs self
    Div yield
    vs self
    ROE
    -57,5 %
    vs self

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -3,96
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    5
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-16 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate-3,96
    Revenueno estimateno estimate5,0M USD
    Operating incomeno estimateno estimate-265,6M USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution5 analysts
    Strong buy2
    Buy3
    Hold0
    Sell0
    Strong sell0
    12-month price target$8,38 · Median $8,25
    Low $7,00High $10,00
    Operating income · consensus-265,6M USD
    EPS surprise
    −81,5 %
    reported vs consensus · miss
    Revenue surprise
    −90,8 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$7,00
    Mean$8,38
    Median$8,25
    High$10,00
    Spot$2,00
    +318.8 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Connect Biopharma Holdings Ltd Market data — financials · 2026-05-27
    • Connect Biopharma Holdings Ltd Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Top holders

    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,00 %$0M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$0M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M

    Insider activity

    Net buying2 buys · 0 sellsnet $4,4M3 insiders · last 365d
    • Huang JamesDirector · Ordinary SharesBought 150 000 @ $2,48$372K · 2026-05-29
    • Xanthopoulos Kleanthis GabrielDirector · Ordinary SharesOther 2 816 · 2026-03-31
    • Huang JamesDirector · Ordinary SharesBought 1 160 000 @ $3,45$4,0M · 2026-03-31
    • LIU JEAN IDirector · Ordinary SharesOther 5 061 · 2026-03-31

    Short positioning

    2.1Mshares short+55.3% vs prior
    2.78days to cover
    27.8%short of daily vol
    2.0Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    CNTB.OCanonical
    NASDAQ · USD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown
    Relationship graph
    CNTBEX21:099EX21:628EX21:62cEX21:ce3EX21:f78EX21:f85Pharmaceutical
    This companySectorSubsidiaries

    Evidence & claims

    From filings & derived data
    • Net income (YoY) (2025-12-31 vs 2024-12-31): -255.0%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -116.9%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): -158.7%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 54.6%Derived (calculated)
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): 29.2%Derived (calculated)
    • Net margin (FY 2025-12-31): -86,687.5%Derived (calculated)
    • Return on equity (FY 2025-12-31): -132.2%Derived (calculated)
    • Return on assets (FY 2025-12-31): -98.9%Derived (calculated)
    • Current ratio (FY 2025-12-31): 3.74xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): 0.34xDerived (calculated)
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): -99.8%Derived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): -42.1%Derived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -51.0%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): -44.6%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -54.5%Derived (calculated)
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -257.1%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -257.1%Derived (calculated)
    • R&D expense (annual): USD 37.8MSEC XBRL filing
    • Operating income (annual): USD -58.07MSEC XBRL filing
    • Current liabilities (annual): USD 13.61MSEC XBRL filing
    • Current assets (annual): USD 50.93MSEC XBRL filing
    • Shares outstanding (annual): 56.44MSEC XBRL filing
    • Operating cash flow (annual): USD -51.21MSEC XBRL filing
    • EPS (diluted) (annual): USD-PER-SHARES -1SEC XBRL filing
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-05-29 00:00 UTCINSIDER1 insider transaction — 2026-05 · net buy $372k
    2026-05-29INSIDERHuang James bought 150.0k sh Ordinary Shares — Director ~$372k
    2026-05-12FILING10-Q filing →
    2026-05-12FILING8-K filing →
    2026-04-23FILING8-K filing →
    2026-03-31 16:05 UTCEARNINGSQuarterly results — Q4 2025 Revenue USD 0.2M
    2026-03-31 16:05 UTCEARNINGSAnnual results — FY 2026 Revenue USD 0.1M · Net USD -55.5M
    2026-03-31 00:00 UTCINSIDER3 insider transactions — 2026-03 · net buy $4.0M
    2026-03-31FILING10-K filing →
    2026-03-31FILING8-K filing →
    2026-03-31INSIDERXanthopoulos Kleanthis Gabriel transacted 2.8k sh Ordinary Shares — Director
    2026-03-31INSIDERHuang James bought 1.16M sh Ordinary Shares — Director ~$4.00M
    2026-03-31INSIDERLIU JEAN I transacted 5.1k sh Ordinary Shares — Director
    2026-03-30FILING8-K filing →
    2025-12-23FILING8-K filing →
    2025-11-12 09:00 UTCEARNINGSQuarterly results — Q3 2025 Revenue USD 0.0M · Net USD -15.1M
    2025-11-12FILING10-Q filing →
    2025-11-12FILING8-K filing →
    2025-09-16FILING8-K filing →
    2025-08-13 09:00 UTCEARNINGSQuarterly results — Q2 2025 Revenue USD 0.0M · Net USD -17.2M
    2025-08-13FILING10-Q filing →
    2025-08-13FILING8-K filing →
    2025-05-15 09:03 UTCEARNINGSQuarterly results — Q1 2025 Revenue USD 0.0M · Net USD -12.9M
    2025-03-31 09:06 UTCEARNINGSAnnual results — FY 2025 Revenue USD 26.0M · Net USD -15.6M
    2024-04-16 16:33 UTCEARNINGSAnnual results — FY 2024 Revenue USD 0.0M · Net USD -62.1M
    2023-04-11 17:00 UTCEARNINGSAnnual results — FY 2023 Net USD -118.1M
    2022-03-31 16:54 UTCEARNINGSAnnual results — FY 2022 Net USD -202.3M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage