Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Cytokinetics

DB:KK3A
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KK3A
DB
$722M
Market Cap
  1. Home
  2. DE
  3. Pharmaceuticals & Biotech
Company description

Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Cytokinetics has significant price volatility in the past 3 months.
KK3A Share Price and Events
7 Day Returns
1.9%
DB:KK3A
5.2%
DE Biotechs
4.3%
DE Market
1 Year Returns
47.4%
DB:KK3A
-7.4%
DE Biotechs
-14.2%
DE Market
KK3A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cytokinetics (KK3A) 1.9% -9.8% 7.8% 47.4% 4.5% 62.9%
DE Biotechs 5.2% -3.3% -20.3% -7.4% 19.5% -9.4%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • KK3A outperformed the Biotechs industry which returned -7.4% over the past year.
  • KK3A outperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
KK3A
Industry
5yr Volatility vs Market

KK3A Value

 Is Cytokinetics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Cytokinetics is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Cytokinetics has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Cytokinetics. This is due to cash flow or dividend data being unavailable. The share price is €11.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cytokinetics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cytokinetics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KK3A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-2.11
NasdaqGS:CYTK Share Price ** NasdaqGS (2020-04-08) in USD $12.76
Europe Biotechs Industry PE Ratio Median Figure of 24 Publicly-Listed Biotechs Companies 43.07x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cytokinetics.

DB:KK3A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CYTK Share Price ÷ EPS (both in USD)

= 12.76 ÷ -2.11

-6.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cytokinetics is loss making, we can't compare its value to the Europe Biotechs industry average.
  • Cytokinetics is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Cytokinetics's expected growth come at a high price?
Raw Data
DB:KK3A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-9.1%per year
Europe Biotechs Industry PEG Ratio Median Figure of 19 Publicly-Listed Biotechs Companies 1.71x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cytokinetics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cytokinetics's assets?
Raw Data
DB:KK3A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-0.18
NasdaqGS:CYTK Share Price * NasdaqGS (2020-04-08) in USD $12.76
Germany Biotechs Industry PB Ratio Median Figure of 14 Publicly-Listed Biotechs Companies 3.37x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:KK3A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CYTK Share Price ÷ Book Value per Share (both in USD)

= 12.76 ÷ -0.18

-69.04x

* Primary Listing of Cytokinetics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cytokinetics has negative assets, we can't compare the value of its assets to the DE Biotechs industry average.

Next steps:

  1. Take a look at our analysis of KK3A’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Cytokinetics's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Biotechs industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Cytokinetics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Biotechs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Biotechs industry average (and greater than 0)? (1 check)
  5. Cytokinetics has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KK3A Future Performance

 How is Cytokinetics expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cytokinetics expected to grow at an attractive rate?
  • Unable to compare Cytokinetics's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Cytokinetics's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Cytokinetics's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KK3A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KK3A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -9.1%
DB:KK3A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 22.4%
Germany Biotechs Industry Earnings Growth Rate Market Cap Weighted Average 38.2%
Germany Biotechs Industry Revenue Growth Rate Market Cap Weighted Average 26.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KK3A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KK3A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 57 -148 2
2021-12-31 33 -155 5
2020-12-31 20 -135 6
2020-04-08
DB:KK3A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 27 -91 -122
2019-09-30 31 -84 -118
2019-06-30 36 -96 -110
2019-03-31 35 -98 -105
2018-12-31 32 -101 -106
2018-09-30 22 -113 -120
2018-06-30 18 -106 -131
2018-03-31 14 -111 -132
2017-12-31 13 -102 -128
2017-09-30 47 0 -80
2017-06-30 99 14 -14
2017-03-31 102 34 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cytokinetics is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Cytokinetics's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KK3A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Cytokinetics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KK3A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -2.35 -2.35 -2.35 1.00
2021-12-31 -2.35 -1.66 -2.90 4.00
2020-12-31 -2.17 -1.88 -2.35 5.00
2020-04-08
DB:KK3A Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -2.11
2019-09-30 -2.08
2019-06-30 -1.98
2019-03-31 -1.93
2018-12-31 -1.95
2018-09-30 -2.22
2018-06-30 -2.42
2018-03-31 -2.52
2017-12-31 -2.59
2017-09-30 -1.74
2017-06-30 -0.34
2017-03-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cytokinetics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cytokinetics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cytokinetics has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KK3A Past Performance

  How has Cytokinetics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cytokinetics's growth in the last year to its industry (Biotechs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cytokinetics does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cytokinetics's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cytokinetics's 1-year growth to the Europe Biotechs industry average as it is not currently profitable.
Earnings and Revenue History
Cytokinetics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cytokinetics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KK3A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 26.87 -121.69 39.61
2019-09-30 31.03 -117.52 36.58
2019-06-30 35.62 -109.96 33.25
2019-03-31 34.70 -105.37 31.46
2018-12-31 31.50 -106.29 31.28
2018-09-30 22.11 -120.31 33.98
2018-06-30 17.65 -130.65 37.23
2018-03-31 14.48 -132.20 37.62
2017-12-31 13.37 -127.79 36.47
2017-09-30 46.52 -80.15 32.88
2017-06-30 99.39 -14.43 30.45
2017-03-31 102.14 3.04 29.10
2016-12-31 106.41 16.45 27.82
2016-09-30 83.03 0.07 26.68
2016-06-30 31.92 -42.14 24.74
2016-03-31 32.67 -41.08 22.14
2015-12-31 28.66 -37.50 19.67
2015-09-30 40.66 -19.83 18.70
2015-06-30 42.13 -16.95 17.41
2015-03-31 43.38 -14.77 17.38
2014-12-31 46.94 -14.65 17.27
2014-09-30 49.53 -16.56 16.80
2014-06-30 44.59 -23.18 16.45
2014-03-31 37.81 -29.84 15.72
2013-12-31 30.65 -33.72 15.09
2013-09-30 8.48 -51.70 14.81
2013-06-30 5.73 -49.16 14.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cytokinetics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Cytokinetics has efficiently used its assets last year compared to the Europe Biotechs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cytokinetics improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cytokinetics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Biotechs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cytokinetics has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KK3A Health

 How is Cytokinetics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cytokinetics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cytokinetics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cytokinetics's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cytokinetics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Cytokinetics has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cytokinetics Company Filings, last reported 3 months ago.

DB:KK3A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -10.94 129.26 225.11
2019-09-30 -19.87 44.76 166.04
2019-06-30 -4.90 44.47 172.87
2019-03-31 3.37 42.59 176.62
2018-12-31 25.93 42.41 198.73
2018-09-30 52.07 41.91 210.31
2018-06-30 75.17 32.37 231.94
2018-03-31 99.60 31.95 251.45
2017-12-31 109.84 31.78 268.89
2017-09-30 147.04 30.30 307.57
2017-06-30 175.00 30.16 312.05
2017-03-31 95.38 30.02 206.56
2016-12-31 94.36 29.88 156.25
2016-09-30 84.73 29.74 78.61
2016-06-30 48.75 29.60 90.34
2016-03-31 57.91 29.47 103.42
2015-12-31 68.59 14.64 111.44
2015-09-30 67.30 0.00 97.99
2015-06-30 74.86 0.00 105.18
2015-03-31 84.15 0.00 107.87
2014-12-31 92.06 0.00 83.23
2014-09-30 73.63 0.00 78.50
2014-06-30 78.70 0.00 77.75
2014-03-31 86.18 0.00 82.35
2013-12-31 54.44 0.00 77.73
2013-09-30 39.75 0.00 81.64
2013-06-30 51.99 0.00 75.65
  • Cytokinetics has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Cytokinetics's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Cytokinetics has sufficient cash runway for 2.4 years based on current free cash flow.
  • Cytokinetics has sufficient cash runway for 2.3 years if free cash flow continues to grow at historical rates of 32.6% each year.
X
Financial health checks
We assess Cytokinetics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cytokinetics has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KK3A Dividends

 What is Cytokinetics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cytokinetics dividends.
If you bought €2,000 of Cytokinetics shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cytokinetics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cytokinetics's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KK3A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Biotechs Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KK3A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cytokinetics has not reported any payouts.
  • Unable to verify if Cytokinetics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cytokinetics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cytokinetics has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cytokinetics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cytokinetics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cytokinetics has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KK3A Management

 What is the CEO of Cytokinetics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Blum
COMPENSATION $3,475,975
AGE 55
TENURE AS CEO 13.3 years
CEO Bio

Mr. Robert I. Blum has been President and Chief Executive Officer of Cytokinetics, Incorporated since January 22, 2007. Mr. Blum previously served as President from February 2006 to January 2007, Executive Vice President, Corporate Development and Commercial Operations and Chief Business Officer from September 2004 to February 2006, Executive Vice President, Corporate Development and Finance and Chief Financial Officer from January 2004 to September 2004, Senior Vice President, Corporate Development and Finance and Chief Financial Officer from October 2001 to December 2003 and Vice President, Business Development from July 1998 to September 2001 at Cytokinetics, Incorporated and also served as its Principal Accounting Officer and Secretary. Prior to joining Cytokinetics in July 1998, he held senior positions in Business Development and Marketing at COR Therapeutics from 1991 to 1998. He served as Director, Marketing at COR Therapeutics, Inc., a biopharmaceutical company, since 1996. From 1991 to 1996, he was Director, Business Development at COR Therapeutics. Prior to that, Mr. Blum performed roles of increasing responsibility in sales, marketing and other pharmaceutical business functions at Marion Laboratories, Inc. and Syntex Corporation from 1981. Mr. Blum has been Director of Cytokinetics, Incorporated since January 22, 2007. He has been Chairman of Gamida Cell Ltd. since September 18, 2018. He serves on the National Board of the American Committee of the Weizmann Institute of Science and established the Blum Family Venture Philanthropy Fund to propel basic science discoveries at the Institute with potential to benefit the Israeli life sciences economy. In addition, he established the Tikkun Olam Youth Science Prizes for Bay Area middle and high schools designed to further science education and exploration in the spirit of repairing the world. Mr. Blum serves on the Board of the Jewish Community Federation of San Francisco and founded and chaired its Business Leadership Council. He has also served on the Boards of San Francisco's Contemporary Jewish Museum and the Anti-Defamation League. He is on faculty at the Center for BioEntrepreneurship at UC San Francisco where he has taught a corporate finance course to graduate students. He co-chaired the BIO Business Development Committee and is a frequent lecturer on matters of business development and finance in the biopharmaceutical industry. Mr. Blum was named a Henry Crown Fellow of the Aspen Institute in recognition of his leadership in corporate and civic responsibilities. Mr. Blum received B.A. degrees in Human Biology and Economics from Stanford University and an M.B.A. from Harvard Business School.

CEO Compensation
  • Robert's compensation has increased whilst company is loss making.
  • Robert's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cytokinetics management team in years:

5.6
Average Tenure
58
Average Age
  • The average tenure for the Cytokinetics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Robert Blum

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
55
TENURE
13.3 yrs

Ching Jaw

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
56
TENURE
2.8 yrs

Dave Cragg

TITLE
Chief Human Resources & Administration Officer
COMPENSATION
$1M
AGE
63
TENURE
1.2 yrs

Mark Schlossberg

TITLE
Senior Vice President of Legal
COMPENSATION
$1M
AGE
58
TENURE
1.3 yrs

Fady Malik

TITLE
Executive Vice President of Research & Development
COMPENSATION
$2M
AGE
55
TENURE
7.8 yrs

Jim Spudich

TITLE
Co-Founder & Member of Scientific Advisory Board
COMPENSATION
$22K
AGE
77
TENURE
22.7 yrs

Robert Wong

TITLE
VP & Chief Accounting Officer
AGE
52
TENURE
0.9 yrs

Diane Weiser

TITLE
Senior Vice President of Corporate Communications & Investor Relations
TENURE
4.9 yrs

Bonnie Charpentier

TITLE
Senior Vice President of Regulatory Affairs & Compliance
COMPENSATION
$1M
AGE
67
TENURE
6.3 yrs

Andy Wolff

TITLE
Senior VP
COMPENSATION
$728K
AGE
64
TENURE
15.6 yrs
Board of Directors Tenure

Average tenure and age of the Cytokinetics board of directors in years:

9.8
Average Tenure
66
Average Age
  • The tenure for the Cytokinetics board of directors is about average.
Board of Directors

Pat Gage

TITLE
Independent Chairman
COMPENSATION
$247K
AGE
77
TENURE
10.1 yrs

Robert Blum

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
55
TENURE
13.3 yrs

Jim Spudich

TITLE
Co-Founder & Member of Scientific Advisory Board
COMPENSATION
$22K
AGE
77

James H. Sabry

TITLE
Co-Founder & Chairman of Scientific Advisory Board
COMPENSATION
$42K
AGE
60
TENURE
12 yrs

Sandy Costa

TITLE
Independent Director
COMPENSATION
$207K
AGE
73
TENURE
9.4 yrs

B. Parshall

TITLE
Independent Director
COMPENSATION
$214K
AGE
65
TENURE
7.2 yrs

Ron Vale

TITLE
Member of Scientific Advisory Board

Thomas Pollard

TITLE
Member of Scientific Advisory Board

David Morgans

TITLE
Member of Scientific Advisory Board
COMPENSATION
$942K
AGE
66
TENURE
3.8 yrs

Larry Goldstein

TITLE
Member of Scientific Advisory Board
Who owns this company?
Recent Insider Trading
  • Cytokinetics individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Sell Leonard Gage Individual 06. Mar 20 06. Mar 20 -8,000 €13.09 €-104,729
18. Feb 20 Sell BVF Partners LP Company 13. Feb 20 13. Feb 20 -1,072,030 €14.55 €-15,595,395
02. Jan 20 Buy John Henderson Individual 19. Nov 19 19. Nov 19 6,000 €7.74 €46,413
12. Dec 19 Buy BVF Partners LP Company 10. Dec 19 11. Dec 19 342,072 €8.58 €2,910,383
12. Jul 19 Sell Fady Malik Individual 11. Jul 19 11. Jul 19 -1,500 €10.00 €-15,000
X
Management checks
We assess Cytokinetics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cytokinetics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KK3A News

Simply Wall St News

KK3A Company Info

Description

Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. The company is developing small molecule drug candidates primarily engineered to increase muscle function and contractility. Its drug candidates include omecamtiv mecarbil, a novel cardiac myosin activator that is in Phase III clinical trial in patients with heart failure; and reldesemtiv, a novel fast skeletal muscle troponin activator, which is in Phase II clinical trial to treat amyotrophic lateral sclerosis and spinal muscular atrophy. The company also develops reldesemtiv that is in Phase II clinical trials in patients with chronic obstructive pulmonary disease, as well as in Phase Ib clinical trials in elderly subjects with limited mobility. In addition, it develops CK-3773274, a novel cardiac myosin inhibitor, which is in Phase I clinical trial for the potential treatment of hypertrophic cardiomyopathy; and AMG 594, a novel cardiac troponin activator that is in Phase I clinical trial. The company has strategic alliances with Amgen Inc. and Astellas Pharma Inc. Cytokinetics, Incorporated was founded in 1997 and is headquartered in South San Francisco, California.

Details
Name: Cytokinetics, Incorporated
KK3A
Exchange: DB
Founded: 1997
$664,342,077
59,458,852
Website: http://www.cytokinetics.com
Address: Cytokinetics, Incorporated
280 East Grand Avenue,
South San Francisco,
California, 94080,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CYTK Common Stock Nasdaq Global Select US USD 29. Apr 2004
DB KK3A Common Stock Deutsche Boerse AG DE EUR 29. Apr 2004
Number of employees
Current staff
Staff numbers
156
Cytokinetics employees.
Industry
Biotechnology
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:45
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.