Financial Analysis: Cybin (CYBN) & The Competition

Cybin (NYSE:CYBN) is one of 433 public companies in the “Biotechnology” industry, but how does it compare to its peers? We will compare Cybin to related companies based on the strength of its profitability, valuation, analyst recommendations, dividends, earnings, institutional ownership and risk.

Insider & Institutional Ownership

17.9% of Cybin shares are owned by institutional investors. Comparatively, 29.2% of shares of all “Biotechnology” companies are owned by institutional investors. 15.0% of Cybin shares are owned by insiders. Comparatively, 26.2% of shares of all “Biotechnology” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Volatility and Risk

Cybin has a beta of 0.42, meaning that its stock price is 58% less volatile than the S&P 500. Comparatively, Cybin’s peers have a beta of 1.28, meaning that their average stock price is 28% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings and price targets for Cybin and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Cybin	0	0	3	0	3.00
Cybin Competitors	728	2167	5010	55	2.55

Cybin presently has a consensus target price of $50.50, indicating a potential upside of 426.04%. As a group, “Biotechnology” companies have a potential upside of 15.25%. Given Cybin’s stronger consensus rating and higher probable upside, research analysts plainly believe Cybin is more favorable than its peers.

Profitability

This table compares Cybin and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Cybin	N/A	-109.05%	-97.85%
Cybin Competitors	-8,664.28%	-108.24%	-22.76%

Earnings & Valuation

This table compares Cybin and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Cybin	N/A	-$35.93 million	-48.00
Cybin Competitors	$151.85 million	-$12.92 million	47.21

Cybin’s peers have higher revenue and earnings than Cybin. Cybin is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Cybin peers beat Cybin on 9 of the 13 factors compared.

Cybin Company Profile

Cybin Inc., a clinical-stage biopharmaceutical company, focuses on developing psychedelic-based therapeutics for patients with mental health conditions. The company’s development pipeline includes CYB003, a deuterated psilocybin analog, which is in phase 1/2a clinical trial to treat major depressive disorder (MDD), as well as in preclinical trials for alcohol use disorder; CYB004, a deuterated dimethyltryptamine (DMT), which completed phase 2 clinical trial for treating generalized anxiety disorders; SPL028 injectable deuterated DMT completed phase 1 clinical intramuscular and intravenous trial; SPL026 completed phase 1, 1b, and 1/2a for MDD; and CYB005, a phenethylamine derivative, which in preclinical stage to treat neuroinflammation, as well as has a research pipeline of investigational psychedelic-based compounds. The company has research and collaboration agreement with TMS Neurohealth Centers Inc. for development of psychedelic compound-based therapeutics; Kernel for use of Kernel flow technology to measure neural activity; and Greenbook TMS to establish mental health centers. The company is headquartered in Toronto, Canada.