OmniAb, Inc. (OABI)
Valor JustoFundamental
21
Preço
$4.96
Capitalização de Mercado
$696M
Parte 1 · Quanto vale a empresa
Visão Geral
OmniAb does not develop its own drugs. It licenses a technology platform — genetically engineered animals and AI-driven screening tools — that lets pharmaceutical and biotech partners discover antibody-based therapeutics faster than with older methods. As of the end of 2025 it had 107 active partners running 407 programs on its platform, including 27 antibodies already in clinical trials and three already approved drugs.
Como gera receita
Revenue comes from four sources tied to a partner's drug-development timeline: upfront or annual platform access fees, payments for research services performed, milestone payments triggered by preclinical, clinical or regulatory events, and royalties on sales once a partner's drug reaches the market. Near-term revenue leans on fees and milestones; the royalty stream — the largest potential prize — only grows once partner drugs are approved and selling.
Vantagem competitiva
Patentes e licenças · EstreitaThe platform rests on proprietary transgenic animals not available elsewhere, protected by 29 issued U.S. patents expiring between 2028 and 2039, plus a specialized capability in ion-channel targets that the company says is underserved by competitors. Rivals include both large pharmaceutical players and other discovery-technology firms using different methods such as phage or yeast display.
O que impulsiona a procura
Moderadamente cíclicoDemand depends on biotech and pharma partners' willingness to fund early-stage drug discovery, which tends to slow when biotech financing conditions tighten. With 107 partners and 407 programs spread across many companies and disease areas, no single partner's decision should move results as much as a downturn across biotech funding broadly would.
Principais riscos
- No control over partner decisions — OmniAb does not control the development timeline, regulatory strategy or commercialization decisions of its partners, so its own results depend on choices made by other companies.
- Milestone and royalty timing is uncertain — Significant uncertainty surrounds whether and when partner programs reach regulatory approval, and royalty payments may never become a material source of revenue if they don't.
- Competitive discovery-technology market — The antibody discovery platform market is highly competitive, with rivals ranging from established pharmaceutical companies to biotech firms using alternative discovery methods.
- Healthcare policy pressure on royalties — Regulation such as the U.S. Inflation Reduction Act imposes added pricing and regulatory burdens on drugmakers, which could reduce partner profitability and, in turn, the royalties OmniAb collects.
- Patent protection is time-limited — Core patents expire between 2028 and 2039, extensions are not guaranteed, and competitors may design around the protected technology before then.
Concentração de clientes
OmniAb does not disclose a specific revenue percentage for its largest partner in the sections reviewed; the base is described as 107 active partners rather than a handful of dominant ones.
Os argumentos a favor
Buyers argue that licensing a proprietary discovery platform to over 100 partners diversifies away single-drug risk, that royalties on the three already-approved products and 27 clinical-stage antibodies represent call options on future revenue the company doesn't have to fund itself, and that patent protection running to 2039 gives a long runway.
Os argumentos contra
Sellers worry that near-term revenue leans on unpredictable milestones rather than recurring income, that the royalty payoff depends entirely on partners successfully developing and commercializing drugs OmniAb doesn't control, and that competing discovery technologies could erode the platform's edge well before its patents expire.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19 de setembro de 2026 with claude-haiku-4-5 — shared with all users
Named by OmniAb in its own 10-K as a competitor in both transgenic-animal discovery and single-cell screening, AbCellera courts the same pharmaceutical partners with the same deal structure of technology access fees, milestones and royalties on partnered antibodies.
Private owner of the AlivaMab Mouse, it licenses a human-antibody transgenic rodent platform to biotech and pharma companies on exactly the terms OmniAb offers for OmniRat and OmniMouse.
Private company whose ATX-Gx transgenic mouse platform is licensed to drug developers for fully human antibody discovery, competing for the same partner programs OmniAb signs.
Listed in Hong Kong and named in OmniAb's 10-K, it out-licenses the RenMice fully human antibody mouse platform to global pharma partners for the same milestone-and-royalty deals.
The technology-licensing arm of Harbour BioMed offers the H2L2 and HCAb transgenic mouse platforms to the same biotech partners looking to out-source antibody discovery.
Its Biopharma division sells synthetic antibody libraries and discovery services to drug developers, an alternative route to the same antibody leads OmniAb's animals are hired to produce.
Balanço & Liquidez
Receita
$38M
Últimos 12 meses (até 30/06/2026)
Resultado Líquido
$-44M
Últimos 12 meses (até 30/06/2026)
Fluxo de Caixa Livre
$-37M
Capital Próprio Total
$267M
Passivo Total
$34M
Rácio de Liquidez
4.80
Cobertura de Juros
-
Dívida/EBITDA
-
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$5.99
Preço Atual
$4.96
Margem de Segurança
+17.2%
Intervalo de Valor Justo
$3.89 - $8.09
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
-
ROE
-24.3%
Rácio P/B
2.77
P/FCF
-
Margem Bruta
-
ROIC
-13.8%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
-13.8%
WACC
7.8%
ROIC − WACC
-21.6 pp
O ROIC está abaixo do custo do capital — a empresa está a destruir valor a cada dólar investido.
Critérios de Análise Fundamental
Aprovado (6)
- P/B Ratio 2.77
- Debt/Equity ratio
- Current Ratio
- Analyst Consensus 92% Buy
- Earnings Surprise avg 20.1%
- Net Margin Trend -115.1% vs -275.8%
Reprovado (12)
- EPS shows upward trend
- Price CAGR -13.69%
- ROIC -13.8%
- Operating Margin -125.8%
- Positive Free Cash Flow
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -16.6%
- Revenue Growth 5Y -4.3%
- Share Dilution 11.8%
- Piotroski F-Score 2/9
Indisponível (9)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Interest Coverage
- Debt/EBITDA
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Preocupações financeiras graves
Qualidade dos Resultados
Baixa qualidade: investigar a contabilidade
Diluição de Ações
A emitir novas ações, diluindo a participação
Participações institucionais
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Matthew W. Foehr | President, CEO & Director | 52 |
| Mr. Kurt A. Gustafson | Executive VP of Finance & CFO | 57 |
| Mr. Charles S. Berkman J.D. | Chief Legal Officer | 56 |
| Mr. Amechi Nwachuku | Executive VP & Chief Operating Officer | 50 |
| Ms. Cia McCaffrey | Senior Vice President of People & Talent | - |
| Dr. Bill Harriman Ph.D. | Senior Vice President of Discovery Partnership Mgt., Technology Development & Operations | - |
| Dr. Christel Iffland Ph.D. | Senior Vice President of R&D Portfolio Management and Technology Operations | - |
| Dr. Yasmina Noubia Abdiche Ph.D. | Senior Vice President of Exploratory Research | - |
| Dr. Bob Chen | Senior Vice President of Discovery Systems | - |
| Mr. Todd Pettingill C.F.A. | Vice President of Business Development & Strategy | - |
Risco de Auditoria
6
Risco do Conselho
10
Risco de Remuneração
8
Risco dos Direitos dos Acionistas
8
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Documentos
- Ver documento
Relatório anual (10-K)
Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.
Arquivado em 2026-03-04
- Ver documento
Relatório trimestral (10-Q)
Uma atualização sobre o desempenho financeiro dos últimos três meses.
Arquivado em 2026-08-06
- Ver documento
Relatório de fato relevante (8-K)
Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.
Arquivado em 2026-08-06
via SEC EDGAR
Histórico de Resultados
via SEC EDGAR
Latest News
Recent headlines for OABI, sourced from Markets Gazette.
- 3/15/2026NEUTRALOmniAb (OABI) Q4 2025 Earnings Call Transcript
OmniAb Inc. is scheduled to hold its Q4 2025 earnings call on March 15, 2026. While the content of the call transcript is not available, the announcement itself is a routine corporate event. Investors will be looking for key financial metrics, management's outlook on future performance, and any strategic updates. The market's reaction will depend entirely on the details revealed during the call, making this announcement neutral in isolation.
via Markets Gazette