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
In this section, we usually try to help investors determine whether Trillium Therapeutics is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Trillium Therapeutics 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
Trillium Therapeutics. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Trillium Therapeutics's earnings available for a low price, and how does
this compare to other companies in the same industry?
Trillium Therapeutics has negative assets, we can't compare the value of its assets to the DE Biotechs industry average.
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 Trillium Therapeutics's regulatory filings and announcements.
Trillium Therapeutics is not considered high growth as it is expected to be loss making for the next 1-3 years.
Trillium Therapeutics'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.
Trillium Therapeutics's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Trillium Therapeutics's finances.
The net worth of a company is the difference between its assets and liabilities.
Trillium Therapeutics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Trillium Therapeutics's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Trillium Therapeutics'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Trillium Therapeutics has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Dr. Jan Skvarka, Ph.D., is the President, Chief Executive Officer and Director of Trillium Therapeutics Inc. since September 25, 2019. Before joining Trillium, he was the Chief Executive Officer and President of Tal Medical Inc. from 2014 to 2018. Dr. Skvarka joined Tal Medical in 2014, with the goal of accelerating Tal’s path toward pivotal trials and commercialization. Prior to Tal, he spent 14 years with Bain and Company, Boston, most recently as a leading partner in the firm’s Healthcare Practice. In his role, he advised senior executives of medical device and pharmaceutical clients on issues related to strategy, performance improvement and corporate development. In the more recent years, his focus was increasingly on entering and building new businesses in life sciences, including assessing new opportunities, developing business plans and supporting scale-up and implementation. Prior to Bain, Dr. Skvarka worked with Price Waterhouse Corporate Finance in London and Vienna, focusing on M&A and capital raising. He serves as a Director of Tal Medical Inc. Dr. Skvarka authored multiple publications on healthcare and financing topics and speaks at industry conferences as an expert on life sciences businesses. Dr. Skvarka received an MBA from Harvard Business School, Boston, a PhD in economics from University of Economics, Slovakia and is a Certified Accountant in Austria.
Insufficient data for Jan to compare compensation growth.
Insufficient data for Jan to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Trillium Therapeutics management team is about average.
Chief Financial Officer
Chief Scientific Officer
Chief Development Officer
Chief Medical Officer
Head of Calgary Site
Senior Vice President - Clinical Operations
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Trillium Therapeutics board of directors is about average.
Board of Directors
Member of Scientific and Clinical Advisory Board
Member of Scientific Advisory Board
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Trillium Therapeutics Inc., a clinical-stage immuno-oncology company, develops therapies for the treatment of cancer. The company’s lead program is TTI-621, a SIRPaFc fusion protein that acts a soluble decoy receptor preventing CD47 from delivering its inhibitory signal, which is in Phase Ib clinical trials for advanced hematologic malignancies, and solid tumors and mycosis fungoides. Its product candidates also include TTI-622, an IgG4 SIRPaFc protein for combination therapy; and TTI-2341, an epidermal growth factor receptor antagonist, which is in preclinical development stage, as well as undisclosed immuno-oncology targets that are in the discovery Phase. The company was formerly known as Stem Cell Therapeutics Corp. and changed its name to Trillium Therapeutics Inc. in June 2014. Trillium Therapeutics Inc. was founded in 2004 is headquartered in Mississauga, Canada.
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