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About

Sagimet Biosciences Inc., a clinical-stage biopharmaceutical company, develops novel therapeutics called fatty acid synthase (FASN) inhibitors for the treatment of diseases that result from dysfunctional metabolic pathways in the United States. The company's lead drug candidate is Denifanstat, an oral, once-daily pill and selective FASN inhibitor for the treatment of metabolic dysfunction-associated steatohepatitis. It also develops TVB-3567, a FASN inhibitor for the treatment of acne; and other oncology programs, such as various solid tumor and glioblastoma. The company was formerly known as 3-V Biosciences, Inc. and changed its name to Sagimet Biosciences Inc. in August 2019. Sagimet Biosciences Inc. was incorporated in 2006 and is headquartered in San Mateo, California.

Fundamentals
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Sector Healthcare Industry Biotechnology Market Cap 192.53M
Enterprise Value 75.95M Income -57.67M Sales —
Book/sh 3.67 Cash/sh 3.59 Dividend Yield —
Payout 0.00% Employees 14 IPO —
P/E — Forward P/E -3.07 PEG —
P/S — P/B 1.61 P/C —
EV/EBITDA — EV/Sales — Quick Ratio 12.76
Current Ratio 13.06 Debt/Eq 0.10 LT Debt/Eq —
EPS (ttm) -1.78 EPS next Y -1.93 EPS Growth —
Revenue Growth — Earnings 2026-03-11 ROA -26.52%
ROE -39.78% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 31.00M
Shs Float 28.96M Short Float 11.86% Short Ratio 4.89
Short Interest — 52W High 11.41 52W Low 1.73
Beta 3.44 Avg Volume 653.22K Volume 863.38K
Target Price $25.78 Recom Strong_buy Prev Close $5.28
Price $5.92 Change 12.12%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$25.78
Mean price target
2. Current target
$5.92
Latest analyst target
3. DCF / Fair value
$-15.64
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.92
Low
$8.00
High
$35.00
Mean
$25.78

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-03 init Guggenheim — → Buy $27
2026-02-03 reit HC Wainwright & Co. Buy → Buy $29
2026-01-28 init Barclays — → Equal-Weight $8
2025-11-14 main Citizens Market Outperform → Market Outperform $35
2025-10-22 init Clear Street — → Buy $29
2025-10-02 main Canaccord Genuity Buy → Buy $28
2025-08-11 init Wedbush — → Outperform $28
2025-07-24 init Canaccord Genuity — → Buy $28
2025-06-06 main Jones Trading Buy → Buy $27
2025-03-13 reit HC Wainwright & Co. Buy → Buy $32
2025-03-11 reit HC Wainwright & Co. Buy → Buy $32
2025-01-27 init Jones Trading — → Buy $42
2024-12-06 init Oppenheimer — → Outperform $30
2024-11-15 reit HC Wainwright & Co. Buy → Buy $32
2024-11-12 init UBS — → Buy $12
2024-10-31 reit HC Wainwright & Co. Buy → Buy $32
2024-10-02 reit HC Wainwright & Co. Buy → Buy $32
2024-08-15 main JMP Securities Market Outperform → Market Outperform $32
2024-08-15 reit HC Wainwright & Co. Buy → Buy $32
2024-07-01 main Goldman Sachs Neutral → Neutral $6
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3640 19511 — Sale at price 5.36 per share. MARTINS EDUARDO BRUNO Officer — 2026-02-10 00:00:00 D
1 1312 7033 — Sale at price 5.36 per share. CHAUCHE THIERRY Chief Financial Officer — 2026-02-10 00:00:00 D
2 2622 14054 — Sale at price 5.36 per share. ROZEK ELIZABETH Officer — 2026-02-10 00:00:00 D
3 12101 64865 — Sale at price 5.36 per share. HAPPEL DAVID Chief Executive Officer — 2026-02-10 00:00:00 D
4 37688 289979 — Sale at price 7.69 per share. KEMBLE GEORGE Officer and Director — 2025-11-20 00:00:00 D
5 9855 — — Stock Award(Grant) at price 0.00 per share. ROZEK ELIZABETH Officer — 2025-11-04 00:00:00 D
6 8277 75607 — Sale at price 9.13 per share. MARTINS EDUARDO BRUNO Officer — 2025-07-21 00:00:00 D
7 10780 98471 — Sale at price 9.13 per share. ROZEK ELIZABETH General Counsel — 2025-07-21 00:00:00 D
8 65478 598115 — Sale at price 9.13 per share. HAPPEL DAVID Chief Executive Officer — 2025-07-21 00:00:00 D
9 34000 — — Stock Award(Grant) at price 0.00 per share. MARTINS EDUARDO BRUNO Officer — 2025-02-06 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-54.45M-30.74M-31.06M-22.97M
TotalUnusualItems4.00K3.00K-749.00K
TotalUnusualItemsExcludingGoodwill4.00K3.00K-749.00K
NetIncomeFromContinuingOperationNetMinorityInterest-45.57M-27.88M-30.50M-24.44M
EBITDA-54.45M-30.74M-31.05M-23.72M
EBIT-54.45M-30.74M-31.05M-23.72M
NetInterestIncome8.89M2.86M553.00K26.00K
InterestIncome8.89M2.86M553.00K26.00K
NormalizedIncome-45.57M-27.88M-30.50M-23.69M
NetIncomeFromContinuingAndDiscontinuedOperation-45.57M-27.88M-30.50M-24.44M
TotalExpenses54.45M32.74M31.05M23.72M
TotalOperatingIncomeAsReported-54.45M-30.74M-31.05M-23.72M
DilutedAverageShares31.35M10.46M22.17M22.17M
BasicAverageShares31.35M10.46M22.17M22.17M
DilutedEPS-1.45-2.66-1.38-1.10
BasicEPS-1.45-2.66-1.38-1.10
DilutedNIAvailtoComStockholders-45.57M-27.88M-30.50M-24.44M
NetIncomeCommonStockholders-45.57M-27.88M-30.50M-24.44M
NetIncome-45.57M-27.88M-30.50M-24.44M
NetIncomeIncludingNoncontrollingInterests-45.57M-27.88M-30.50M-24.44M
NetIncomeContinuousOperations-45.57M-27.88M-30.50M-24.44M
PretaxIncome-45.57M-27.88M-30.50M-24.44M
OtherIncomeExpense4.00K3.00K-749.00K
OtherNonOperatingIncomeExpenses3.00K-749.00K
GainOnSaleOfSecurity4.00K3.00K-749.00K
NetNonOperatingInterestIncomeExpense8.89M2.86M553.00K26.00K
InterestIncomeNonOperating8.89M2.86M553.00K26.00K
OperatingIncome-54.45M-30.74M-31.05M-23.72M
OperatingExpense54.45M32.74M31.05M23.72M
ResearchAndDevelopment38.44M19.78M24.92M19.34M
SellingGeneralAndAdministration16.01M12.96M6.14M4.38M
GeneralAndAdministrativeExpense16.01M12.96M6.14M4.38M
OtherGandA16.01M12.96M6.14M4.38M
TotalRevenue0.002.00M0.000.00
OperatingRevenue0.002.00M0.000.00
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber32.20M22.90M22.17M22.17M
ShareIssued32.20M22.90M22.17M22.17M
TotalDebt78.00K65.00K211.00K348.00K
TangibleBookValue155.81M91.06M-186.95M-158.26M
InvestedCapital155.81M91.06M-186.95M-158.26M
WorkingCapital148.32M90.99M27.51M56.22M
NetTangibleAssets155.81M91.06M-186.95M-158.26M
CapitalLeaseObligations78.00K65.00K211.00K348.00K
CommonStockEquity155.81M91.06M-186.95M-158.26M
TotalCapitalization155.81M91.06M-186.95M-158.26M
TotalEquityGrossMinorityInterest155.81M91.06M-186.95M-158.26M
StockholdersEquity155.81M91.06M-186.95M-158.26M
GainsLossesNotAffectingRetainedEarnings230.00K30.00K-84.00K0.00
OtherEquityAdjustments230.00K30.00K-84.00K
RetainedEarnings-295.31M-249.74M-221.87M-191.37M
AdditionalPaidInCapital450.88M340.78M35.00M33.11M
CapitalStock3.00K2.00K1.00K1.00K
CommonStock3.00K2.00K1.00K1.00K
PreferredStock0.000.000.00
TotalLiabilitiesNetMinorityInterest4.45M5.65M219.98M217.29M
TotalNonCurrentLiabilitiesNetMinorityInterest0.000.00214.70M214.85M
PreferredSecuritiesOutsideStockEquity0.00214.62M214.63M
DerivativeProductLiabilities0.004.00K
LongTermDebtAndCapitalLeaseObligation0.0078.00K224.00K
LongTermCapitalLeaseObligation0.0078.00K224.00K
CurrentLiabilities4.45M5.65M5.28M2.44M
OtherCurrentLiabilities5.00K233.00K57.00K185.00K
CurrentDebtAndCapitalLeaseObligation78.00K65.00K133.00K124.00K
CurrentCapitalLeaseObligation78.00K65.00K133.00K124.00K
PensionandOtherPostRetirementBenefitPlansCurrent1.10M636.00K463.00K
PayablesAndAccruedExpenses4.37M5.36M5.09M2.13M
CurrentAccruedExpenses2.95M5.17M3.96M1.37M
Payables1.43M186.00K1.12M761.00K
AccountsPayable1.43M186.00K1.12M761.00K
TotalAssets160.26M96.72M33.03M59.03M
TotalNonCurrentAssets7.49M73.00K239.00K369.00K
NonCurrentPrepaidAssets0.0027.00K27.00K
InvestmentsAndAdvances7.41M0.00
InvestmentinFinancialAssets7.41M0.00
AvailableForSaleSecurities7.41M
NetPPE77.00K73.00K212.00K342.00K
GrossPPE77.00K73.00K212.00K342.00K
OtherProperties77.00K73.00K212.00K342.00K
CurrentAssets152.77M96.65M32.79M58.66M
OtherCurrentAssets157.00K74.00K34.00K84.00K
CurrentDeferredAssets306.00K323.00K0.001.43M
PrepaidAssets1.06M1.35M413.00K423.00K
CashCashEquivalentsAndShortTermInvestments151.25M94.90M32.34M56.73M
OtherShortTermInvestments75.41M19.76M32.19M0.00
CashAndCashEquivalents75.84M75.14M158.00K56.73M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-42.44M-23.77M-24.49M-21.71M
IssuanceOfCapitalStock105.75M89.68M0.0010.80M
EndCashPosition75.84M75.14M158.00K56.73M
BeginningCashPosition75.14M158.00K56.73M68.70M
ChangesInCash701.00K74.98M-56.57M-11.97M
FinancingCashFlow104.82M86.17M-73.00K9.74M
CashFlowFromContinuingFinancingActivities104.82M86.17M-73.00K9.74M
NetOtherFinancingCharges-1.04M-3.52M-85.00K-1.25M
ProceedsFromStockOptionExercised114.00K6.00K12.00K189.00K
NetPreferredStockIssuance0.0010.80M
PreferredStockIssuance0.0010.80M
NetCommonStockIssuance105.75M89.68M0.00
CommonStockIssuance105.75M89.68M0.00
InvestingCashFlow-61.68M12.58M-32.01M0.00
CashFlowFromContinuingInvestingActivities-61.68M12.58M-32.01M0.00
NetInvestmentPurchaseAndSale-61.68M12.58M-32.01M0.00
SaleOfInvestment46.40M32.20M9.44M0.00
PurchaseOfInvestment-108.09M-19.62M-41.45M0.00
OperatingCashFlow-42.44M-23.77M-24.49M-21.71M
CashFlowFromContinuingOperatingActivities-42.44M-23.77M-24.49M-21.71M
ChangeInWorkingCapital-1.05M-978.00K4.21M-55.00K
ChangeInOtherCurrentLiabilities-136.00K-146.00K-137.00K-144.00K
ChangeInPayablesAndAccruedExpense-907.00K120.00K2.92M560.00K
ChangeInPrepaidAssets-5.00K-952.00K1.44M-471.00K
OtherNonCashItems145.00K139.00K130.00K134.00K
StockBasedCompensation5.29M4.99M1.88M1.90M
UnrealizedGainLossOnInvestmentSecurities0.00751.00K
AmortizationOfSecurities-1.25M-37.00K-212.00K0.00
OperatingGainsLosses-4.00K-3.00K-2.00K
GainLossOnInvestmentSecurities-4.00K-3.00K-2.00K
NetIncomeFromContinuingOperations-45.57M-27.88M-30.50M-24.44M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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