(PRCT) Procept Biorobotics - Overview
Sector: Healthcare | Industry: Medical Devices | Exchange: NASDAQ (USA) | Market Cap: 1.487m USD | Total Return: -56.3% in 12m
Industry Rotation: -0.4
Avg Turnover: 34.1M
EPS Trend: 36.2%
Qual. Beats: -2
Rev. Trend: 96.6%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -30.9 is critical
Altman Z'' -6.12 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
PROCEPT BioRobotics Corporation is a surgical robotics firm specializing in minimally invasive urologic solutions, specifically for the treatment of benign prostatic hyperplasia (BPH). The company designs and manufactures the AquaBeam and HYDROS Robotic Systems, which utilize image-guided Aquablation therapy to address lower urinary tract symptoms in male patients.
Operating within the Health Care Equipment sector, the company utilizes a razor-and-blade business model where the initial sale of robotic consoles generates recurring revenue through the subsequent sale of single-use handpieces and service contracts. The urological robotics market is characterized by high barriers to entry due to stringent regulatory requirements and the clinical data necessary to shift standard-of-care surgical practices.
Investors may find ValueRays quantitative analysis useful for comparing this companys valuation against other medical technology peers.
- Aquablation therapy adoption rates drive recurring revenue through high-margin disposable handpiece sales
- Expansion of installed base for HYDROS and AquaBeam systems accelerates capital equipment growth
- Favorable private payer coverage expansion increases patient access and procedure volume potential
- High research and development spending delays profitability despite strong double-digit revenue growth
| Net Income: -102.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.17 > 0.02 and ΔFCF/TA 0.44 > 1.0 |
| NWC/Revenue: 113.2% < 20% (prev 165.9%; Δ -52.75% < -1%) |
| CFO/TA -0.14 > 3% & CFO -70.1m > Net Income -102.5m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 6.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (56.5m) vs 12m ago 2.90% < -2% |
| Gross Margin: 62.98% > 18% (prev 0.63%; Δ 6.24k% > 0.5%) |
| Asset Turnover: 63.99% > 50% (prev 47.97%; Δ 16.03% > 0%) |
| Interest Coverage Ratio: -30.92 > 6 (EBITDA TTM -102.4m / Interest Expense TTM 3.53m) |
| A: 0.75 (Total Current Assets 428.0m - Total Current Liabilities 63.6m) / Total Assets 487.1m |
| B: -1.38 (Retained Earnings -673.2m / Total Assets 487.1m) |
| C: -0.22 (EBIT TTM -109.0m / Avg Total Assets 503.2m) |
| D: -4.83 (Book Value of Equity -673.2m / Total Liabilities 139.4m) |
| Altman-Z'' Score: -6.12 = D |
| DSRI: 0.94 (Receivables 96.4m/79.3m, Revenue 322.0m/249.1m) |
| GMI: 1.00 (GM 62.98% / 62.71%) |
| AQI: 1.48 (AQ_t 0.02 / AQ_t-1 0.01) |
| SGI: 1.29 (Revenue 322.0m / 249.1m) |
| TATA: -0.07 (NI -102.5m - CFO -70.1m) / TA 487.1m) |
| Beneish M-Score: -2.65 (Cap -4..+1) = A |
Over the past week, the price has changed by -9.69%, over one month by +0.70%, over three months by -3.18% and over the past year by -56.30%.
- StrongBuy: 6
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 30.4 | 17.5% |
P/B = 4.1551
Revenue TTM = 322.0m USD
EBIT TTM = -109.0m USD
EBITDA TTM = -102.4m USD
Long Term Debt = 51.7m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 51.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -194.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.29b USD (1.49b + Debt 51.7m - CCE 245.6m)
Interest Coverage Ratio = -30.92 (Ebit TTM -109.0m / Interest Expense TTM 3.53m)
EV/FCF = -16.05x (Enterprise Value 1.29b / FCF TTM -80.6m)
FCF Yield = -6.23% (FCF TTM -80.6m / Enterprise Value 1.29b)
FCF Margin = -25.02% (FCF TTM -80.6m / Revenue TTM 322.0m)
Net Margin = -31.82% (Net Income TTM -102.5m / Revenue TTM 322.0m)
Gross Margin = 62.98% ((Revenue TTM 322.0m - Cost of Revenue TTM 119.2m) / Revenue TTM)
Gross Margin QoQ = 64.89% (prev 60.63%)
Tobins Q-Ratio = 2.65 (Enterprise Value 1.29b / Total Assets 487.1m)
Interest Expense / Debt = 1.58% (Interest Expense 818k / Debt 51.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -86.1m (EBIT -109.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.73 (Total Current Assets 428.0m / Total Current Liabilities 63.6m)
Debt / Equity = 0.15 (Debt 51.7m / totalStockholderEquity, last quarter 347.7m)
Debt / EBITDA = 1.89 (negative EBITDA) (Net Debt -194.0m / EBITDA -102.4m)
Debt / FCF = 2.41 (negative FCF - burning cash) (Net Debt -194.0m / FCF TTM -80.6m)
Total Stockholder Equity = 369.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -20.36% (Net Income -102.5m / Total Assets 487.1m)
RoE = -27.70% (Net Income TTM -102.5m / Total Stockholder Equity 369.9m)
RoCE = -25.86% (EBIT -109.0m / Capital Employed (Equity 369.9m + L.T.Debt 51.7m))
RoIC = -20.43% (negative operating profit) (NOPAT -86.1m / Invested Capital 421.5m)
WACC = 10.81% (E(1.49b)/V(1.54b) * Re(11.14%) + D(51.7m)/V(1.54b) * Rd(1.58%) * (1-Tc(0.21)))
Discount Rate = 11.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 5.04%
[DCF] Fair Price = unknown (Cash Flow -80.6m)
EPS Correlation: 36.17 | EPS CAGR: -17.68% | SUE: -2.57 | # QB: -2
Revenue Correlation: 96.63 | Revenue CAGR: 53.44% | SUE: 0.28 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.46 | Chg30d=-11.76% | Revisions=-33% | Analysts=10
EPS next Quarter (2026-09-30): EPS=-0.34 | Chg30d=+3.45% | Revisions=+0% | Analysts=10
EPS current Year (2026-12-31): EPS=-1.52 | Chg30d=+1.75% | Revisions=+0% | GrowthEPS=+11.9% | GrowthRev=+29.5%
EPS next Year (2027-12-31): EPS=-0.87 | Chg30d=+1.93% | Revisions=+0% | GrowthEPS=+42.9% | GrowthRev=+23.2%
[Analyst] Revisions Ratio: -33%