Belite Bio (BLTE)
Market Price (9/4/2025): $65.39 | Market Cap: $2.1 BilSector: Health Care | Industry: Biotechnology
Belite Bio (BLTE)
Market Price (9/4/2025): $65.39Market Cap: $2.1 BilSector: Health CareIndustry: Biotechnology
Investment Highlights
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 | ||
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -54 Mil | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -54 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6% |
Market Valuation
| 9/4/25 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Share Price CYE | $65.39 | $63.10 | $45.75 | $30.14 | |
| Market Cap CYE ($ Bil) | 2.1 | 2.0 | 1.3 | 0.8 | - |
| Total Debt ($ Bil) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Cash ($ Bil) | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 |
| Enterprise Value ($ Bil) | 0.0 | 2.0 | 1.3 | 0.8 | |
| Valuation Ratios | |||||
| P/S TTM | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| P/EBIT TTM | -42.2 | -53.4 | -38.5 | -47.7 | 0.0 |
| P/E TTM | -43.1 | -53.3 | -38.5 | -47.6 | 0.0 |
| Sector Ratios | |||||
| P/S TTM (Sector) | 3.8 | 4.1 | 4.5 | 4.5 | 6.7 |
| P/EBIT TTM (Sector) | 4.3 | 0.4 | -1.9 | -1.2 | -0.4 |
| P/E TTM (Sector) | -1.8 | -2.2 | -3.4 | -2.2 | -2.3 |
| 9/4/25 | 2024 | 2023 | |
|---|---|---|---|
| Share Price CYE | $65.39 | $63.10 | $45.75 |
| Market Cap CYE ($ Bil) | 2.1 | 2.0 | 1.3 |
| Total Debt ($ Bil) | 0.0 | 0.0 | 0.0 |
| Total Cash ($ Bil) | 0.0 | 0.1 | 0.1 |
| Enterprise Value ($ Bil) | 0.0 | 2.0 | 1.3 |
| Valuation Ratios | |||
| P/S TTM | 0.0 | 0.0 | 0.0 |
| P/EBIT TTM | -42.2 | -53.4 | -38.5 |
| P/E TTM | -43.1 | -53.3 | -38.5 |
| Sector Ratios | |||
| P/S TTM (Sector) | 3.8 | 4.1 | 4.5 |
| P/EBIT TTM (Sector) | 4.3 | 0.4 | -1.9 |
| P/E TTM (Sector) | -1.8 | -2.2 | -3.4 |
Business Description
Belite Bio, Inc, a clinical-stage biopharmaceutical drug development company, engages in the research and development of novel therapeutics targeting atrophic age-related macular degeneration and autosomal recessive stargardt diseases. Its lead product candidate is LBS-008, an oral once-a-day treatment that can reduce and maintain the delivery of vitamin A to the eye to reduce the accumulation of toxic vitamin A by-products in ocular tissue that is in phase 3 clinical trial. The company is also developing LBS-009, an anti-retinol binding protein 4 oral therapy targeting liver disease, including non-alcoholic fatty liver disease, nonalcoholic steatohepatitis, and type 2 diabetes, which is in the preclinical development phase.
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Price Returns Compared
Expand for Detailed View| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BLTE Return | - | - | - | 52% | 38% | 1% | 109% |
| Peers Return | 11% | 18% | 23% | 15% | 2% | 8% | 103% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 10% | 100% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VRTX, ABBV, AMGN, GILD, REGN.
[3] 2025 data is for the year up to 9/3/2025 (YTD)
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Peer Comparisons for Belite Bio
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 249.42 |
| Mkt Cap | 121.6 |
| Rev LTM | 21,538 |
| Op Inc LTM | 6,016 |
| FCF LTM | 9,369 |
| FCF 3Y Avg | 8,397 |
| CFO LTM | 9,868 |
| CFO 3Y Avg | 8,949 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.1% |
| Rev Chg 3Y Avg | 1.6% |
| Rev Chg Q | 6.6% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Mgn LTM | 23.5% |
| Op Mgn 3Y Avg | 27.2% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 33.7% |
| CFO/Rev 3Y Avg | 32.0% |
| FCF/Rev LTM | 30.6% |
| FCF/Rev 3Y Avg | 28.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 121.6 |
| P/S | 4.9 |
| P/EBIT | 16.0 |
| P/E | 22.8 |
| P/CFO | 14.2 |
| Total Yield | 5.7% |
| Dividend Yield | 1.6% |
| FCF Yield 3Y Avg | 6.2% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.5% |
| 3M Rtn | 2.3% |
| 6M Rtn | -3.5% |
| 12M Rtn | 0.3% |
| 3Y Rtn | 58.4% |
| 1M Excs Rtn | -3.3% |
| 3M Excs Rtn | -5.7% |
| 6M Excs Rtn | -13.5% |
| 12M Excs Rtn | -13.6% |
| 3Y Excs Rtn | 1.2% |
SEC Filings
Expand for More| Report Date | Filing |
|---|---|
| 6302025 | 6-K 6/30/2025 |
| 3312025 | 6-K 3/31/2025 |
| 12312024 | 20-F 12/31/2024 |
| 9302024 | 6-K 9/30/2024 |
| 6302024 | 6-K 6/30/2024 |
| 3312024 | 6-K 3/31/2024 |
| 12312023 | 20-F 12/31/2023 |
| 9302023 | 6-K 9/30/2023 |
| 6302023 | 6-K 6/30/2023 |
| 3312023 | 6-K 3/31/2023 |
| 12312022 | 20-F 12/31/2022 |
| 6302022 | 6-K 6/30/2022 |
| 12312021 | 424B4 12/31/2021 |
Industry Resources
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