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4SC

DB:VSC
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VSC
DB
€82M
Market Cap
  1. Home
  2. DE
  3. Pharmaceuticals & Biotech
Company description

4SC AG, a clinical-stage biopharmaceutical company, engages in developing small-molecule drugs that target key indications in cancer with high unmet medical needs. The last earnings update was 14 days ago. More info.


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  • 4SC has significant price volatility in the past 3 months.
VSC Share Price and Events
7 Day Returns
3.9%
DB:VSC
5.2%
DE Biotechs
4.3%
DE Market
1 Year Returns
-44.9%
DB:VSC
-7.4%
DE Biotechs
-14.2%
DE Market
VSC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
4SC (VSC) 3.9% 12.4% -31.5% -44.9% -29% -73.6%
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
  • VSC underperformed the Biotechs industry which returned -7.4% over the past year.
  • VSC underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
VSC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is 4SC 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 4SC to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for 4SC.

DB:VSC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:VSC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Biotechs Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.048 (1 + (1- 30%) (2.2%))
1.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.043 * 5.44%)
5.28%

Discounted Cash Flow Calculation for DB:VSC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 4SC is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:VSC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.28%)
2020 -12.00 Analyst x1 -11.40
2021 4.62 Analyst x1 4.17
2022 -5.00 Analyst x1 -4.28
2023 24.50 Analyst x1 19.94
2024 39.34 Est @ 60.56% 30.41
2025 55.97 Est @ 42.28% 41.09
2026 72.47 Est @ 29.48% 50.53
2027 87.33 Est @ 20.52% 57.85
2028 99.77 Est @ 14.24% 62.77
2029 109.60 Est @ 9.85% 65.49
Present value of next 10 years cash flows €316.00
DB:VSC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €109.60 × (1 + -0.39%) ÷ (5.28% – -0.39%)
€1,924.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,924.07 ÷ (1 + 5.28%)10
€1,149.70
DB:VSC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €316.00 + €1,149.70
€1,465.70
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,465.70 / 45.97
€31.88
DB:VSC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VSC represents 0.96639x of XTRA:VSC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96639x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 31.88 x 0.96639
€30.81
Value per share (EUR) From above. €30.81
Current discount Discount to share price of €1.73
= -1 x (€1.73 - €30.81) / €30.81
94.4%

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

Current Discount
Amount off the current price 4SC is available for.
Intrinsic value
>50%
Share price is €1.73 vs Future cash flow value of €30.81
Current Discount Checks
For 4SC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 4SC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • 4SC's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 4SC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 4SC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VSC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.41
XTRA:VSC Share Price ** XTRA (2020-04-08) in EUR €1.79
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 4SC.

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

= XTRA:VSC Share Price ÷ EPS (both in EUR)

= 1.79 ÷ -0.41

-4.38x

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

  • 4SC is loss making, we can't compare its value to the Europe Biotechs industry average.
  • 4SC is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does 4SC's expected growth come at a high price?
Raw Data
DB:VSC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
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 4SC, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 4SC's assets?
Raw Data
DB:VSC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €1.05
XTRA:VSC Share Price * XTRA (2020-04-08) in EUR €1.79
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:VSC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:VSC Share Price ÷ Book Value per Share (both in EUR)

= 1.79 ÷ 1.05

1.7x

* Primary Listing of 4SC.

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

  • 4SC is good value based on assets compared to the DE Biotechs industry average.
X
Value checks
We assess 4SC'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. 4SC has a total score of 3/6, 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.

Future Performance

 How is 4SC expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
113.7%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is 4SC expected to grow at an attractive rate?
  • Unable to compare 4SC's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare 4SC's earnings growth to the Germany market average as no estimate data is available.
  • 4SC's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:VSC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VSC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 113.7%
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:VSC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VSC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 77
2023-12-31 25
2022-12-31 -4
2021-12-31 19 5 1
2020-12-31 1 -12 1
2020-04-08
DB:VSC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 2 -13 -14
2019-09-30 2 -14 -15
2019-06-30 2 -16 -17
2019-03-31 3 -16 -17
2018-12-31 4 -16 -18
2018-09-30 6 -13 -15
2018-06-30 7 -10 -12
2018-03-31 6 -9 -12
2017-12-31 4 -9 -11
2017-06-30 2 -10 -10
2017-03-31 2 -12 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if 4SC is high growth as no earnings estimate data is available.
  • 4SC'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:VSC 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 1 Analyst Estimates (S&P Global) See Below

All data from 4SC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VSC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-08
DB:VSC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -0.41
2019-09-30 -0.47
2019-06-30 -0.54
2019-03-31 -0.56
2018-12-31 -0.58
2018-09-30 -0.49
2018-06-30 -0.40
2018-03-31 -0.42
2017-12-31 -0.45
2017-06-30 -0.54
2017-03-31 -0.57

*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 4SC will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess 4SC'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.
4SC 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.

Past Performance

  How has 4SC 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 4SC'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.
  • 4SC does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare 4SC's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare 4SC's 1-year growth to the Europe Biotechs industry average as it is not currently profitable.
Earnings and Revenue History
4SC'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 4SC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VSC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2.20 -13.96 3.14 13.59
2019-09-30 2.14 -15.25 3.21 14.83
2019-06-30 2.09 -16.54 3.28 16.07
2019-03-31 3.13 -17.10 3.20 17.17
2018-12-31 4.17 -17.66 3.12 18.26
2018-09-30 5.78 -14.85 3.16 16.82
2018-06-30 7.38 -12.04 3.19 15.37
2018-03-31 5.79 -11.50 3.16 13.42
2017-12-31 4.20 -10.96 3.14 11.48
2017-06-30 2.14 -10.33 3.24 9.25
2017-03-31 2.10 -10.84 3.52 9.93
2016-12-31 2.06 -11.36 3.79 10.60
2016-06-30 0.66 -10.92 3.53 9.43
2016-03-31 0.73 -10.01 3.31 8.13
2015-12-31 2.30 -8.23 3.23 6.06
2015-09-30 3.75 -9.65 3.74 7.44
2015-06-30 5.57 -9.67 3.82 7.66
2015-03-31 7.61 -9.12 4.00 7.60
2014-12-31 7.06 -9.70 3.97 8.50
2014-09-30 7.36 -8.65 3.53 8.27
2014-06-30 6.92 -8.42 3.33 8.96
2014-03-31 5.55 -9.97 3.41 10.26
2013-12-31 4.90 -10.53 3.81 10.24
2013-09-30 7.05 -9.27 4.27 10.91
2013-06-30 5.58 -11.62 4.45 11.98

*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 4SC has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if 4SC 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 4SC 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 4SC'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.
4SC 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.

Health

 How is 4SC'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 4SC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 4SC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 4SC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 4SC'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.
  • Debt is not covered by short term assets, assets are -2.0820141077334E+17x debt.
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 4SC Company Filings, last reported 3 months ago.

DB:VSC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 48.19 0.00 45.77
2019-09-30 48.19 0.00 45.77
2019-06-30 22.93 0.00 18.93
2019-03-31 28.45 0.00 25.04
2018-12-31 28.45 0.00 25.04
2018-09-30 28.45 0.00 25.04
2018-06-30 38.37 0.00 34.13
2018-03-31 44.69 0.00 41.33
2017-12-31 44.69 0.00 41.33
2017-06-30 9.37 0.00 4.64
2017-03-31 15.27 0.00 11.33
2016-12-31 15.27 0.00 11.33
2016-06-30 19.79 0.00 12.52
2016-03-31 26.43 1.96 21.48
2015-12-31 26.43 1.96 21.48
2015-09-30 29.40 1.93 24.46
2015-06-30 -2.42 0.00 0.91
2015-03-31 0.51 7.67 2.11
2014-12-31 2.05 6.45 3.20
2014-09-30 5.41 4.41 3.37
2014-06-30 7.56 2.22 3.42
2014-03-31 9.26 0.34 2.77
2013-12-31 11.28 0.00 4.90
2013-09-30 13.67 0.00 5.75
2013-06-30 15.77 0.00 6.21
  • 4SC's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (317.9% vs 0% today).
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.

  • 4SC has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if 4SC has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess 4SC'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. 4SC has a total score of 5/6, 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.

Dividends

 What is 4SC'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 4SC dividends.
If you bought €2,000 of 4SC 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 4SC's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 4SC'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:VSC 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 1 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:VSC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
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 4SC has not reported any payouts.
  • Unable to verify if 4SC's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 4SC's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 4SC 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 4SC'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 4SC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 4SC 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.

Management

 What is the CEO of 4SC'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
Jason Loveridge
COMPENSATION €669,000
TENURE AS CEO 3.6 years
CEO Bio

Dr. Jason Loveridge, B.Sc, PhD, FRSM, has been Corporate Advisor of Resonance Health Limited since June 30, 2017. Dr. Loveridge has been Chairman of Management Board and Chief Executive Officer of 4SC AG since September 21, 2016. Dr. Loveridge is the Owner of Warambi Sari. He serves as an Executive Director of Warambi Sari. Dr. Loveridge served as Chief Executive Officer and Executive Director of Arthro Kinetics plc since November 3, 2006. He served as the Chief Executive Officer of Genable Technologies Limited. He has been working in the biotech and medtech industries for over 20 years. Since leaving the investment arena in 2005, Dr. Loveridge has been directly involved in the management of a number of small innovative companies in the medical arena, specifically in restructuring, refinancing and in product commercialisation. He has more than 20 years of international experience across Europe, Asia and the US in senior management positions in life sciences companies and as an investment professional dealing in both privately held and publicly traded companies. He established a lengthy track record of successful participation in European, US and Israeli based healthcare companies. He has been the Non-Executive Chairman of Invex Therapeutics Ltd since March 8, 2019. He served as an Interim Chairman of Actinogen Medical Limited since November 30, 2016 until March 01, 2017. He was Non-Executive Director of Actinogen Medical Limited from December 1, 2014 to November 28, 2018. He serves as a Director of Parvulus Suiss SA, JDS BioPharma Limited and Anaconda SAS. He served as a Non-Executive Director of Resonance Health Limited since February 7, 2013 until June 30, 2017. He served as a Non Executive Director at Arthro from January 31, 2006 to November 3, 2006. He served as a Member of Supervisory Board at Biofrontera AG until July 1, 2009. Dr. Loveridge is an Active Venture Investor. Dr. Loveridge graduated in Biochemistry and Microbiology from the University of New South Wales, Australia and holds a Ph.D. in Biochemistry from the University of Adelaide, Australia.

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

Average tenure of the 4SC management team in years:

3.6
Average Tenure
  • The tenure for the 4SC management team is about average.
Management Team

Jason Loveridge

TITLE
Chairman of Management Board
COMPENSATION
€669K
TENURE
3.6 yrs

Anna Niedl

TITLE
Corporate Communications & Investor Relations Officer

Susanne Danhauser-Riedl

TITLE
Chief Medical Officer
TENURE
5 yrs

Frank Hermann

TITLE
Chief Development Officer
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the 4SC board of directors in years:

6.6
Average Tenure
57.5
Average Age
  • The tenure for the 4SC board of directors is about average.
Board of Directors

Clemens Doppler

TITLE
Chairman of Supervisory Board
AGE
60
TENURE
5.6 yrs

Joerg von Petrikowsky

TITLE
Deputy Chairman of Supervisory Board
AGE
61
TENURE
3.8 yrs

Manfred Rüdiger

TITLE
Member of Supervisory Board
AGE
55
TENURE
14.7 yrs

Helmut Jeggle

TITLE
Member of Supervisory Board
AGE
49
TENURE
11.8 yrs

Irina Antonijevic

TITLE
Member of Supervisory Board
AGE
54
TENURE
7.7 yrs

Helga Rübsamen-Schaeff

TITLE
Member of Supervisory Board
AGE
70
TENURE
5.3 yrs

Charles Epstein

TITLE
Member International Scientific Expert Panel

Wolff Schmiegel

TITLE
Member International Scientific Expert Panel
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess 4SC'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. 4SC 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.

News

Simply Wall St News

Company Info

Description

4SC AG, a clinical-stage biopharmaceutical company, engages in developing small-molecule drugs that target key indications in cancer with high unmet medical needs. The company’s drugs are intended to provide patients with various treatment options. Its pipeline is protected by a portfolio of patents and comprises three principal drug candidates that are in various stages of development. The company’s products in clinical development stage include Resminostat, an orally administered histone deacetylase inhibitor that is in Phase II clinical trial for the treatment of cutaneous T-cell lymphoma and biliary tract cancer; and Domatinostat, an orally administered small molecule, which is in Phase Ib/II clinical trial for the treatment of melanoma and Phase II clinical trial for the treatment of gastrointestinal tumor. Its product in preclinical stage includes 4SC-208, a small molecule targeting two kinases crucial for Hedgehog/GLI signaling. 4SC AG also out-licenses its products to pharma and biotech companies for the treatment of cancer. The company has a collaboration agreement with the Netherlands Cancer Institute to evaluate domatinostat in combination with checkpoint blockade in a multicenter Phase 1b study testing the neoadjuvant combination of Domatinostat, Nivolumab, and Ipilimumab in RECIST 1.1-measurable stage III cutaneous or unknown primary Melanoma. 4SC AG was founded in 1997 and is headquartered in Planegg, Germany.

Details
Name: 4SC AG
VSC
Exchange: DB
Founded: 1997
€82,061,392
45,972,769
Website: http://www.4sc.de
Address: 4SC AG
Fraunhoferstrasse 22,
Planegg,
Bavaria, 82152,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA VSC Common Bearer Shares XETRA Trading Platform DE EUR 15. Dec 2005
OTCPK FSCG.F Common Bearer Shares Pink Sheets LLC US USD 15. Dec 2005
DB VSC Common Bearer Shares Deutsche Boerse AG DE EUR 15. Dec 2005
LSE 0R6U Common Bearer Shares London Stock Exchange GB EUR 15. Dec 2005
Number of employees
Current staff
Staff numbers
38
4SC employees.
Industry
Biotechnology
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 23:25
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/25
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.