HCW Biologics Inc.

HCWB

HCWBHCW Biologics Inc. US flag

NASDAQ Global Market

1.68

USD

-0.11

- -

3.50MMarket Cap

Profitability (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-45.57	-37.33	-29.71	-66.37	-102.21	-29.07
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	- -	38.48	19.72	37.38	20
EBITDA Margin (%)	- -	-128.1	- -	-213.64	-865.02	-1,030.27	-18,836.7
Operating Margin (%)	- -	-142.07	- -	-224.32	-904.96	-1,076.41	-20,757.65
Incremental Operating Margin (%)	- -	- -	183.99	- -	- -	- -	- -
Pretax Margin (%)	- -	-141.53	- -	-221.67	-879.52	-1,169.7	-14,677.14
Profit Margin (%)	- -	-141.53	- -	-221.67	-879.52	-1,169.7	-14,677.14
Net Income to Common Margin (%)	- -	-172.54	- -	-221.67	-879.52	-1,169.7	-14,677.14
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	6.29	17.98	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	- -	6	6	14	7
ST Debt	- -	- -	- -	- -	- -	6	7
LT Debt	- -	- -	- -	6	6	7	- -
Total Debt/EBITDA	- -	- -	- -	-0.45	-0.26	-0.52	-0.67
Net Debt/EBITDA	1.06	1.61	0.91	1.11	-0.11	-0.34	-0.48
Total Debt/EBIT	- -	- -	- -	-0.43	-0.25	-0.5	-0.6
Net Debt/EBIT	1	1.45	0.88	1.06	-0.11	-0.33	-0.43
EBITDA to Interest Expense	- -	- -	- -	-113.38	-86.85	-22.38	-8.17
EBITDA-CapEx/Interest Expense	- -	- -	- -	-194.51	-108.76	-22.6	-8.17
EBIT to Interest Expense	- -	- -	- -	-119.05	-90.86	-23.38	-9
Interest Expense	- -	- -	- -	- -	- -	1	1
Common Equity/Total Assets	-96.13	-108.57	-57.24	-97.28	-247.35	-332.56	-442.56
Long-Term Debt/Equity (%)	- -	- -	- -	17.13	46.83	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-8.49	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	24.4	- -
Total Debt/Equity (%)	- -	- -	- -	17.13	46.83	-202.25	246.29
Total Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-15.76	-6.69
Total Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	45.28	27.77
Net Debt to Equity	-81.73	-58.73	-22.91	-42.52	20.13	-133.2	175.67
Net Debt/Capital (%)	-447.43	-142.33	27.69	25.9	-3.99	-9.85	-4.69
EBITDA	-7	-5	-13	-14	-25	-26	-10
EBITDA-CapEx	-8	-5	-13	-25	-31	-27	-10
Operating Income (Loss)	-7	-6	-13	-15	-26	-28	-11

Liquidity (USD)

API Chat

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	6.9	8.45	15.81	10.84	0.41	0.16	0.09
Current Ratio	7.53	12.14	17.44	11.52	0.73	0.19	0.11
Quick Ratio	6.9	10.94	15.87	10.99	0.59	0.18	0.09
CFO/Avg Current Liab	- -	-10.09	-6.61	-3.94	-3.85	-0.74	-0.53
Common Equity/Total Assets	-96.13	-108.57	-57.24	-97.28	-247.35	-332.56	-442.56
Long-Term Debt/Equity (%)	- -	- -	- -	17.13	46.83	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-8.49	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	24.4	- -
Total Debt/Equity (%)	- -	- -	- -	17.13	46.83	-202.25	246.29
Total Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-15.76	-6.69
Total Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	45.28	27.77
CFO/Total Liabilities	-634.55	-1,042	-472.77	-110.72	-149.58	-38.45	-61.56
CFO/CapEx	-4.63	-55.88	-232.23	-1.01	-3.63	-54.38	- -
Altman's Z-Score	-2.93	-1.63	10.48	2.9	-4.68	-8.26	-8.57

Working Capital (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	3.28	- -	24.41	2.91	2.42	0.18
Days Sales Outstanding	- -	111.29	- -	14.95	125.45	150.59	2,067.48
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	5.71	0.62	0.11	- -
Accounts Payable Turnover Days	- -	- -	- -	63.98	591.42	3,235.78	149,225.72
Cash Conversion Cycle	- -	- -	- -	-49.03	-465.97	-3,085.19	-147,158.24
Inventory to Cash Days	- -	- -	- -	14.95	125.45	150.59	2,067.48
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	44	69	44	17	2
- Cash & Cash Equivalents	7	8	12	22	4	5	2
+ Preferred Equity and Hybrid Capital	19	31	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	6	6	14	7
Enterprise Value	11	23	7	43	47	26	7
Total Capital	9	14	-31	-39	-64	-87	-102
Total Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-15.76	-6.69
Total Debt / EV	- -	- -	- -	0.15	0.13	0.52	0.99
EV/Sales	- -	5.53	- -	6.39	16.5	10.25	127.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	2,738.76	- -	- -	- -
Diluted Market Cap	- -	- -	44	69	44	17	2
Diluted Enterprise Value	11	23	32	53	47	26	7
EV per Share	18.54	31.68	14.56	47.95	52.22	27.14	3.29
TTM Sales	- -	4	- -	7	3	3	- -
TTM EBITDA	-7	-5	-13	-14	-25	-26	-10
TTM Operating Income	-7	-6	-13	-15	-26	-28	-11
TTM Cash Flow to Firm	-7	-10	-11	-10	-22	-13	-12
TTM Free Cash Flow to Firm	-5	-10	-11	- -	-16	-13	-12

Multiples (USD)

API Chat

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	-3.98	-618.03	-2.71	-1.24	-0.15
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	11	23	7	43	47	26	7
Low Price	- -	- -	92.4	70.4	36.4	11.04	0.95
EV/Sales	- -	5.53	- -	6.39	16.5	10.25	127.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-5.15	-5.47	-2.5	-1.16	-1.89
Price/Earnings High	- -	- -	-11.35	-7.98	-3.34	-3.26	-10.86
Price/Earnings Low	- -	- -	-3.37	-4.23	-1.31	-0.36	-0.25
Price/Book Value	- -	- -	-1.42	-1.51	-0.63	-0.17	-0.02
Price/Book Value Average	- -	- -	-2.16	-1.79	-0.89	-0.35	-0.14
Price/Book Value High	- -	- -	-4.76	-2.61	-1.18	-0.97	-0.8
Price/Book Value Low	- -	- -	-1.42	-1.38	-0.46	-0.11	-0.02
Price/Tangible Book Value	- -	- -	0.85	1.83	3.28	-2.56	0.74
Price/Tangible Book Value Average	- -	- -	1.29	2.18	4.64	-5.13	5.43
Price/Tangible Book Value High	- -	- -	2.85	3.18	6.19	-14.44	31.26
Price/Tangible Book Value Low	- -	- -	0.85	1.68	2.43	-1.58	0.72
Price/Sales	- -	- -	- -	10.2	15.55	6.74	37.54
Price/Sales Average	- -	- -	- -	12.13	21.97	13.52	276.93
Price/Sales High	- -	- -	- -	17.69	29.33	38.09	1,593.62
Price/Sales Low	- -	- -	- -	9.38	11.51	4.17	36.87
Price/Cash Flow	- -	- -	-3.97	-6.6	-1.96	-1.22	-0.15
Price/Cash Flow Average	- -	- -	-6.03	-7.85	-2.77	-2.44	-1.12
Price/Cash Flow High	- -	- -	-13.3	-11.45	-3.7	-6.87	-6.45
Price/Cash Flow Low	- -	- -	-3.95	-6.07	-1.45	-0.75	-0.15
Price/Free Cash Flow Average	- -	- -	-6.06	-734.52	-3.83	-2.49	-1.12
Price/Free Cash Flow High	- -	- -	-13.35	-1,071.61	-5.11	-7	-6.45
Price/Free Cash Flow Low	- -	- -	-3.97	-568.08	-2	-0.77	-0.15
EV/Sales Average	- -	5.53	- -	9.76	22.92	17.03	366.48
EV/Sales High	- -	5.53	- -	15.32	30.29	41.6	1,683.18
EV/Sales Low	- -	5.53	- -	7.01	12.46	7.68	126.43
EV/EBITDA Average	-1.63	-4.31	-4.25	-4.57	-2.65	-1.65	-1.95
EV/EBITDA High	-1.63	-4.31	-10.47	-7.17	-3.5	-4.04	-8.94
EV/EBITDA Low	-1.63	-4.31	-2.47	-3.28	-1.44	-0.75	-0.67
EV/EBIT Average	-1.54	-3.89	-4.08	-4.35	-2.53	-1.58	-1.77
EV/EBIT High	-1.54	-3.89	-10.04	-6.83	-3.35	-3.86	-8.11
EV/EBIT Low	-1.54	-3.89	-2.37	-3.13	-1.38	-0.71	-0.61
Last Price	- -	- -	92.8	76.59	49.2	17.84	0.97
High Price	- -	- -	311	132.8	92.8	100.8	41.2
Enterprise Value Average	11	23	54	66	65	44	20
Enterprise Value High	11	23	134	103	86	107	91
Enterprise Value Low	11	23	32	47	35	20	7

Profitability (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-45.57	-37.33	-29.71	-66.37	-102.21	-29.07
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	- -	38.48	19.72	37.38	20
EBITDA Margin (%)	- -	-128.1	- -	-213.64	-865.02	-1,030.27	-18,836.7
Operating Margin (%)	- -	-142.07	- -	-224.32	-904.96	-1,076.41	-20,757.65
Incremental Operating Margin (%)	- -	- -	183.99	- -	- -	- -	- -
Pretax Margin (%)	- -	-141.53	- -	-221.67	-879.52	-1,169.7	-14,677.14
Profit Margin (%)	- -	-141.53	- -	-221.67	-879.52	-1,169.7	-14,677.14
Net Income to Common Margin (%)	- -	-172.54	- -	-221.67	-879.52	-1,169.7	-14,677.14
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	6.29	17.98	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	- -	6	6	14	7
ST Debt	- -	- -	- -	- -	- -	6	7
LT Debt	- -	- -	- -	6	6	7	- -
Total Debt/EBITDA	- -	- -	- -	-0.45	-0.26	-0.52	-0.67
Net Debt/EBITDA	1.06	1.61	0.91	1.11	-0.11	-0.34	-0.48
Total Debt/EBIT	- -	- -	- -	-0.43	-0.25	-0.5	-0.6
Net Debt/EBIT	1	1.45	0.88	1.06	-0.11	-0.33	-0.43
EBITDA to Interest Expense	- -	- -	- -	-113.38	-86.85	-22.38	-8.17
EBITDA-CapEx/Interest Expense	- -	- -	- -	-194.51	-108.76	-22.6	-8.17
EBIT to Interest Expense	- -	- -	- -	-119.05	-90.86	-23.38	-9
Interest Expense	- -	- -	- -	- -	- -	1	1
Common Equity/Total Assets	-96.13	-108.57	-57.24	-97.28	-247.35	-332.56	-442.56
Long-Term Debt/Equity (%)	- -	- -	- -	17.13	46.83	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-8.49	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	24.4	- -
Total Debt/Equity (%)	- -	- -	- -	17.13	46.83	-202.25	246.29
Total Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-15.76	-6.69
Total Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	45.28	27.77
Net Debt to Equity	-81.73	-58.73	-22.91	-42.52	20.13	-133.2	175.67
Net Debt/Capital (%)	-447.43	-142.33	27.69	25.9	-3.99	-9.85	-4.69
EBITDA	-7	-5	-13	-14	-25	-26	-10
EBITDA-CapEx	-8	-5	-13	-25	-31	-27	-10
Operating Income (Loss)	-7	-6	-13	-15	-26	-28	-11

Liquidity (USD)

API Chat

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	6.9	8.45	15.81	10.84	0.41	0.16	0.09
Current Ratio	7.53	12.14	17.44	11.52	0.73	0.19	0.11
Quick Ratio	6.9	10.94	15.87	10.99	0.59	0.18	0.09
CFO/Avg Current Liab	- -	-10.09	-6.61	-3.94	-3.85	-0.74	-0.53
Common Equity/Total Assets	-96.13	-108.57	-57.24	-97.28	-247.35	-332.56	-442.56
Long-Term Debt/Equity (%)	- -	- -	- -	17.13	46.83	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-8.49	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	24.4	- -
Total Debt/Equity (%)	- -	- -	- -	17.13	46.83	-202.25	246.29
Total Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-15.76	-6.69
Total Debt/Total Assets (%)	- -	- -	- -	13.69	22.11	45.28	27.77
CFO/Total Liabilities	-634.55	-1,042	-472.77	-110.72	-149.58	-38.45	-61.56
CFO/CapEx	-4.63	-55.88	-232.23	-1.01	-3.63	-54.38	- -
Altman's Z-Score	-2.93	-1.63	10.48	2.9	-4.68	-8.26	-8.57

Working Capital (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	3.28	- -	24.41	2.91	2.42	0.18
Days Sales Outstanding	- -	111.29	- -	14.95	125.45	150.59	2,067.48
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	5.71	0.62	0.11	- -
Accounts Payable Turnover Days	- -	- -	- -	63.98	591.42	3,235.78	149,225.72
Cash Conversion Cycle	- -	- -	- -	-49.03	-465.97	-3,085.19	-147,158.24
Inventory to Cash Days	- -	- -	- -	14.95	125.45	150.59	2,067.48
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	44	69	44	17	2
- Cash & Cash Equivalents	7	8	12	22	4	5	2
+ Preferred Equity and Hybrid Capital	19	31	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	6	6	14	7
Enterprise Value	11	23	7	43	47	26	7
Total Capital	9	14	-31	-39	-64	-87	-102
Total Debt/Capital (%)	- -	- -	- -	-16.38	-9.82	-15.76	-6.69
Total Debt / EV	- -	- -	- -	0.15	0.13	0.52	0.99
EV/Sales	- -	5.53	- -	6.39	16.5	10.25	127.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	2,738.76	- -	- -	- -
Diluted Market Cap	- -	- -	44	69	44	17	2
Diluted Enterprise Value	11	23	32	53	47	26	7
EV per Share	18.54	31.68	14.56	47.95	52.22	27.14	3.29
TTM Sales	- -	4	- -	7	3	3	- -
TTM EBITDA	-7	-5	-13	-14	-25	-26	-10
TTM Operating Income	-7	-6	-13	-15	-26	-28	-11
TTM Cash Flow to Firm	-7	-10	-11	-10	-22	-13	-12
TTM Free Cash Flow to Firm	-5	-10	-11	- -	-16	-13	-12

Multiples (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	-3.98	-618.03	-2.71	-1.24	-0.15
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	11	23	7	43	47	26	7
Low Price	- -	- -	92.4	70.4	36.4	11.04	0.95
EV/Sales	- -	5.53	- -	6.39	16.5	10.25	127.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-5.15	-5.47	-2.5	-1.16	-1.89
Price/Earnings High	- -	- -	-11.35	-7.98	-3.34	-3.26	-10.86
Price/Earnings Low	- -	- -	-3.37	-4.23	-1.31	-0.36	-0.25
Price/Book Value	- -	- -	-1.42	-1.51	-0.63	-0.17	-0.02
Price/Book Value Average	- -	- -	-2.16	-1.79	-0.89	-0.35	-0.14
Price/Book Value High	- -	- -	-4.76	-2.61	-1.18	-0.97	-0.8
Price/Book Value Low	- -	- -	-1.42	-1.38	-0.46	-0.11	-0.02
Price/Tangible Book Value	- -	- -	0.85	1.83	3.28	-2.56	0.74
Price/Tangible Book Value Average	- -	- -	1.29	2.18	4.64	-5.13	5.43
Price/Tangible Book Value High	- -	- -	2.85	3.18	6.19	-14.44	31.26
Price/Tangible Book Value Low	- -	- -	0.85	1.68	2.43	-1.58	0.72
Price/Sales	- -	- -	- -	10.2	15.55	6.74	37.54
Price/Sales Average	- -	- -	- -	12.13	21.97	13.52	276.93
Price/Sales High	- -	- -	- -	17.69	29.33	38.09	1,593.62
Price/Sales Low	- -	- -	- -	9.38	11.51	4.17	36.87
Price/Cash Flow	- -	- -	-3.97	-6.6	-1.96	-1.22	-0.15
Price/Cash Flow Average	- -	- -	-6.03	-7.85	-2.77	-2.44	-1.12
Price/Cash Flow High	- -	- -	-13.3	-11.45	-3.7	-6.87	-6.45
Price/Cash Flow Low	- -	- -	-3.95	-6.07	-1.45	-0.75	-0.15
Price/Free Cash Flow Average	- -	- -	-6.06	-734.52	-3.83	-2.49	-1.12
Price/Free Cash Flow High	- -	- -	-13.35	-1,071.61	-5.11	-7	-6.45
Price/Free Cash Flow Low	- -	- -	-3.97	-568.08	-2	-0.77	-0.15
EV/Sales Average	- -	5.53	- -	9.76	22.92	17.03	366.48
EV/Sales High	- -	5.53	- -	15.32	30.29	41.6	1,683.18
EV/Sales Low	- -	5.53	- -	7.01	12.46	7.68	126.43
EV/EBITDA Average	-1.63	-4.31	-4.25	-4.57	-2.65	-1.65	-1.95
EV/EBITDA High	-1.63	-4.31	-10.47	-7.17	-3.5	-4.04	-8.94
EV/EBITDA Low	-1.63	-4.31	-2.47	-3.28	-1.44	-0.75	-0.67
EV/EBIT Average	-1.54	-3.89	-4.08	-4.35	-2.53	-1.58	-1.77
EV/EBIT High	-1.54	-3.89	-10.04	-6.83	-3.35	-3.86	-8.11
EV/EBIT Low	-1.54	-3.89	-2.37	-3.13	-1.38	-0.71	-0.61
Last Price	- -	- -	92.8	76.59	49.2	17.84	0.97
High Price	- -	- -	311	132.8	92.8	100.8	41.2
Enterprise Value Average	11	23	54	66	65	44	20
Enterprise Value High	11	23	134	103	86	107	91
Enterprise Value Low	11	23	32	47	35	20	7

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	1	1	1	1	1	1	3
Diluted Weighted Avg Shares	1	1	- -	1	1	1	2
Basic Weighted Avg Shares	1	1	- -	1	1	1	2
Revenue per Share	- -	5.73	- -	7.51	3.16	2.65	0.03
EBITDA per Share	-11.37	-7.34	-27.33	-16.04	-27.37	-27.27	-4.87
Operating Income per Share	-12.06	-8.14	-28.49	-16.84	-28.63	-28.49	-5.37
Basic EPS, GAAP	-12.74	-9.89	-27.41	-16.64	-27.83	-30.96	-3.79
Basic EPS from Cont Ops	-11.94	-8.11	-27.41	-16.64	-27.83	-30.96	-3.79
Diluted EPS, GAAP	-12.74	-9.89	-27.41	-16.64	-27.83	-30.96	-3.79
Diluted EPS from Cont Ops	-11.94	-8.11	-27.41	-16.64	-27.83	-30.96	-3.79
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-11.08	-14.59	-23.39	-11.6	-25.06	-14.67	-6.38
Free Cash Flow per Basic Share	-13.47	-14.85	-23.49	-23.07	-31.97	-14.94	-6.38
Cash & Equivalents per Share	12.04	11.82	78.24	35.8	4	4.82	0.93
Book Value per Share	-15.84	-23.38	-65.28	-50.84	-78.52	-103.68	-51.73
Tangible Book Value per Share	-15.84	-23.38	109.09	41.79	14.99	-6.98	1.32

HCW Biologics Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)