BCYC has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
BCYC has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bicycle Therapeutics has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Bicycle Therapeutics's Piotroski F-Score or its related term are showing as below:
During the past 8 years, the highest Piotroski F-Score of Bicycle Therapeutics was 4. The lowest was 1. And the median was 3.
The historical data trend for Bicycle Therapeutics's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bicycle Therapeutics Annual Data | |||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 1.00 | 3.00 | 3.00 | 4.00 | 4.00 |
Bicycle Therapeutics Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
4.00 | 4.00 | 4.00 | 3.00 | 4.00 |
For the Biotechnology subindustry, Bicycle Therapeutics's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, Bicycle Therapeutics's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bicycle Therapeutics's Piotroski F-Score falls into.
How is the Piotroski F-Score calculated?
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Dec24) TTM: | Last Year (Dec23) TTM: |
Net Income was -26.563 + -39.812 + -50.802 + -51.854 = $-169.03 Mil. Cash Flow from Operations was -70.869 + -44.627 + -39.832 + -9.396 = $-164.72 Mil. Revenue was 19.53 + 9.361 + 2.676 + 3.708 = $35.28 Mil. Gross Profit was 19.53 + 9.361 + 2.676 + 3.708 = $35.28 Mil. Average Total Assets from the begining of this year (Dec23) to the end of this year (Dec24) was (595.344 + 547.143 + 1057.355 + 996.746 + 956.868) / 5 = $830.6912 Mil. Total Assets at the begining of this year (Dec23) was $595.34 Mil. Long-Term Debt & Capital Lease Obligation was $3.99 Mil. Total Current Assets was $928.61 Mil. Total Current Liabilities was $67.23 Mil. |
Net Income was -39.064 + -42.603 + -49.898 + -49.099 = $-180.66 Mil. Revenue was 4.896 + 11.397 + 5.352 + 5.331 = $26.98 Mil. Gross Profit was 4.896 + 11.397 + 5.352 + 5.331 = $26.98 Mil. Average Total Assets from the begining of last year (Dec22) to the end of last year (Dec23) was (410.609 + 428.801 + 454.17 + 638.683 + 595.344) / 5 = $505.5214 Mil. Total Assets at the begining of last year (Dec22) was $410.61 Mil. Long-Term Debt & Capital Lease Obligation was $40.08 Mil. Total Current Assets was $561.87 Mil. Total Current Liabilities was $69.54 Mil. |
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Bicycle Therapeutics's current Net Income (TTM) was -169.03.
==> Negative ==> Score 0.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Bicycle Therapeutics's current Cash Flow from Operations (TTM) was -164.72.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Score 1 if it's higher, 0 if it's lower.
ROA (This Year) | = | Net Income | / | Total Assets (Dec23) |
= | -169.031 | / | 595.344 | |
= | -0.28392156 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec22) |
= | -180.664 | / | 410.609 | |
= | -0.43999036 |
Bicycle Therapeutics's return on assets of this year was -0.28392156. Bicycle Therapeutics's return on assets of last year was -0.43999036.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
Bicycle Therapeutics's current Net Income (TTM) was -169.03. Bicycle Therapeutics's current Cash Flow from Operations (TTM) was -164.72.
==> -164.72 > -169.03 ==> CFROA > ROA ==> Score 1.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Gearing (This Year: Dec24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec23 to Dec24 |
= | 3.99 | / | 830.6912 | |
= | 0.00480323 |
Gearing (Last Year: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 40.08 | / | 505.5214 | |
= | 0.07928448 |
Bicycle Therapeutics's gearing of this year was 0.00480323. Bicycle Therapeutics's gearing of last year was 0.07928448.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Current Ratio (This Year: Dec24) | = | Total Current Assets | / | Total Current Liabilities |
= | 928.605 | / | 67.23 | |
= | 13.81236055 |
Current Ratio (Last Year: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 561.868 | / | 69.537 | |
= | 8.08013 |
Bicycle Therapeutics's current ratio of this year was 13.81236055. Bicycle Therapeutics's current ratio of last year was 8.08013.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Bicycle Therapeutics's number of shares in issue this year was 69.131. Bicycle Therapeutics's number of shares in issue last year was 42.494.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Gross Margin (This Year: TTM) | = | Gross Profit | / | Revenue |
= | 35.275 | / | 35.275 | |
= | 1 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 26.976 | / | 26.976 | |
= | 1 |
Bicycle Therapeutics's gross margin of this year was 1. Bicycle Therapeutics's gross margin of last year was 1.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Asset Turnover (This Year) | = | Revenue | / | Total Assets at the Beginning of This Year (Dec23) |
= | 35.275 | / | 595.344 | |
= | 0.05925146 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec22) |
= | 26.976 | / | 410.609 | |
= | 0.06569754 |
Bicycle Therapeutics's asset turnover of this year was 0.05925146. Bicycle Therapeutics's asset turnover of last year was 0.06569754.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score | = | Que. 1 | + | Que. 2 | + | Que. 3 | + | Que. 4 | + | Que. 5 | + | Que. 6 | + | Que. 7 | + | Que. 8 | + | Que. 9 |
= | 0 | + | 0 | + | 1 | + | 1 | + | 1 | + | 1 | + | 0 | + | 0 | + | 0 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bicycle Therapeutics has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Bicycle Therapeutics (NAS:BCYC) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Thank you for viewing the detailed overview of Bicycle Therapeutics's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Travis Alvin Thompson | officer: Chief Accounting Officer | C/O BICYCLE THERAPEUTICS PLC, BLOCKS A & B, PORTWAY BUILDING, CAMBRIDGE X0 CB21 6GS |
Nigel Crockett | officer: Chief Business Officer | C/O BICYCLE THERAPEUTICS PLC, B900, BABRAHAM RESEARCH CAMPUS, CAMBRIDGE X0 CB22 3AT |
Alistair Milnes | officer: Chief Operating Officer | C/O BICYCLE THERAPEUTICS PLC, B900, BABRAHAM RESEARCH CAMPUS, CAMBRIDGE X0 CB22 3AT |
Kevin Lee | director, officer: Chief Executive Officer | C/O BICYCLE THERAPEUTICS LIMITED, B900 BABRAHAM RESEARCH CAMPUS, CAMBRIDGE X0 CB223AT |
Michael Skynner | officer: Chief Operating Officer | C/O BICYCLE THERAPEUTICS LIMITED, B900 BABRAHAM RESEARCH CAMPUS, CAMBRIDGE X0 CB223AT |
Alethia Young | officer: Chief Financial Officer | C/O GRAPHITE BIO, INC., 201 HASKINS WAY, SUITE 210, SOUTH SAN FRANCISCO CA 94080 |
Santiago Arroyo | officer: Chief Development Officer | C/O MOMENTA PHARMACEUTICALS, INC., 675 WEST KENDALL STREET, CAMBRIDGE MA 02142 |
Nicholas Keen | officer: Chief Scientific Officer | C/O BICYCLE THEAPEUTICS LIMITED, B900 BABRAHAM RESEARCH CAMPUS, CAMBRIDGE X0 CB22 3AT |
Lee Kalowski | officer: President and CFO | C/O TOKAI PHARMACEUTICALS, INC., ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Dominic Smethurst | officer: Chief Medical Officer | C/O BICYCLE THERAPEUTICS PLC, B900, BABRAHAM RESEARCH CAMPUS, CAMBRIDGE X0 CB22 3AT |
Pierre Legault | director | P.O. BOX 1028, C/O STONE MANAGEMENT LLC, BERWYNE PA 19312 |
Kate Bingham | director | 1365 MAIN STREET, WALTHAM MA 02451 |
Jose-carlos Gutierrez-ramos | director | C/O MOMENTA PHARMACEUTICALS, INC., 675 WEST KENDALL STREET, CAMBRIDGE MA 02142 |
Plc Glaxosmithkline | director, 10 percent owner | 980 GREAT WEST ROAD, BRENTFORD MIDDLESEX X0 TW8 9GS |
Veronica Gh Jordan | director | C/O ALBANY MOLECULAR RESEARCH, INC., 26 CORPORATE CIRCLE, ALBANY NY 12212-5098 |
From GuruFocus
By Business Wire • 09-03-2024
By Business Wire • 08-06-2024
By Business Wire • 05-23-2024
By Business Wire • 11-01-2024
By Business Wire • 08-21-2024
By Business Wire • 07-22-2024
By Business Wire • 10-16-2024
By Business Wire • 11-12-2024
By GuruFocus News • 12-18-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.