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Zura Bio Ltd

ZURA

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Zura Bio Ltd AI Insights

Informational only. Not investment advice.
As of 2025-12-26

Snapshot

  • Cash of 139M covers 2.6 years of burn at current -53.4M FCF TTM rate - runway extends into 2028 without dilution[Cash and Equivalents]
  • Zero debt with 108M equity and 117M working capital - pristine balance sheet for pre-revenue biotech[Debt to Equity]
  • R&D of 40.4M TTM is 56% of total opex (72.6M) - high science focus vs administrative overhead[Research and Development TTM]

Watch Triggers

  • Cash and Equivalents: Falls below 80M (18-month runway)Triggers dilutive financing risk; watch for shelf registrations
  • Research and Development TTM: Increases >50% without pipeline newsSignals trial advancement or acceleration of burn rate
  • Operating Expense TTM: G&A exceeds R&D spendingWould indicate capital misallocation away from science

Bull Case

EV of 301M with 139M cash means market values pipeline at only 162M - asymmetric upside if any program succeeds

Enterprise ValueCash and Equivalents

2.6+ year runway without dilution provides time for clinical readouts; zero debt eliminates covenant risk

Free Cash Flow TTMDebt to EquityWorking Capital

Bear Case

P/B of 4.1x on zero-revenue biotech - paying 4x book for unproven science with high failure probability

P/B RatioTotal Revenue TTM

Burning 53.5M/year with no revenue path visible - entire investment thesis depends on clinical success

Free Cash Flow TTMOperating Income TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
40%

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Forward Thesis

Binary clinical catalyst risk: pipeline success/failure will drive 2-5x moves in either direction

1-3ymed
  • Zero revenue means 100% valuation tied to pipeline
  • EV of 301M implies market pricing specific probability of success
  • Cash runway removes near-term financing overhang
Total Revenue TTM: $0Enterprise Value: 300.7MCash: 139M vs FCF burn -53.5M

Valuation Context

Caveats

Data Partners
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Fundamental company data provided by Morningstar, updated daily.

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