Skye Bioscience Inc
NASDAQ:SKYE

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Skye Bioscience Inc
NASDAQ:SKYE
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Price: 2.7 USD -5.59% Market Closed
Market Cap: 81.9m USD
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Intrinsic Value

SKYE's intrinsic value estimate is unreliable because it is based only on its DCF value and doesn't use a relative valuation using multiples.

The intrinsic value of one SKYE stock under the Base Case scenario is 2.29 USD. Compared to the current market price of 2.7 USD, Skye Bioscience Inc is Overvalued by 15%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

SKYE Intrinsic Value
2.29 USD
Overvaluation 15%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation History
Skye Bioscience Inc

Intrinsic Value History
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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Valuation History Unavailable

Historical valuation for SKYE cannot be conducted due to limitations such as insufficient data or other constraints.

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Fundamental Analysis

2.7 USD
-5.59%
-5.59%
Benchmark
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Skye Bioscience Inc
US
Biotechnology
Market Cap
81.9m USD
IPO
Feb 24, 2014
Employees
9
United States of America
Market Cap
81.9m USD
Industry
Biotechnology
IPO
Feb 24, 2014
Company Overview
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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Skye Bioscience Inc

Current Assets 79.8m
Cash & Short-Term Investments 69.6m
Receivables 3.7k
Other Current Assets 10.2m
Non-Current Assets 1.7m
PP&E 1.7m
Other Non-Current Assets 26.3k
Current Liabilities 5.6m
Accounts Payable 780k
Accrued Liabilities 2.6m
Other Current Liabilities 2.2m
Non-Current Liabilities 108.1k
Other Non-Current Liabilities 108.1k
Efficiency

Earnings Waterfall
Skye Bioscience Inc

Revenue
0 USD
Operating Expenses
-28.2m USD
Operating Income
-28.2m USD
Other Expenses
6.9m USD
Net Income
-21.2m USD

Free Cash Flow Analysis
Skye Bioscience Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

SKYE Profitability Score
Profitability Due Diligence

Skye Bioscience Inc's profitability score is 41/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
ROE is Increasing
Negative Free Cash Flow
Negative Operating Income
41/100
Profitability
Score

Skye Bioscience Inc's profitability score is 41/100. The higher the profitability score, the more profitable the company is.

SKYE Solvency Score
Solvency Due Diligence

Skye Bioscience Inc's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Low D/E
81/100
Solvency
Score

Skye Bioscience Inc's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SKYE Price Targets Summary
Skye Bioscience Inc

Wall Street analysts forecast SKYE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SKYE is 18.36 USD with a low forecast of 14.14 USD and a high forecast of 22.05 USD.

Lowest
Price Target
14.14 USD
424% Upside
Average
Price Target
18.36 USD
580% Upside
Highest
Price Target
22.05 USD
717% Upside
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Dividends

Skye Bioscience Inc
does not pay dividends
Shareholder Yield

Current shareholder yield for SKYE is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
Buyback Yield
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Debt Paydown Yield
Lowest
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Highest

Ownership

SKYE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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See Also

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What is the Intrinsic Value of one SKYE stock?

The intrinsic value of one SKYE stock under the Base Case scenario is 2.29 USD.

Is SKYE stock undervalued or overvalued?

Compared to the current market price of 2.7 USD, Skye Bioscience Inc is Overvalued by 15%.

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