Tearsheet

Investment Highlights

0   Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -54 Mil
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6%
0 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -54 Mil
2 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6%

Market Valuation

 9/4/252024202320222021
Share Price CYE$65.39$63.10$45.75$30.14 
Market Cap CYE ($ Bil)2.12.01.30.8-
Total Debt ($ Bil)0.00.00.00.00.0
Total Cash ($ Bil)0.00.10.10.00.0
Enterprise Value ($ Bil)0.02.01.30.8 
Valuation Ratios     
P/S TTM0.00.00.00.00.0
P/EBIT TTM-42.2-53.4-38.5-47.70.0
P/E TTM-43.1-53.3-38.5-47.60.0
Sector Ratios     
P/S TTM (Sector)3.84.14.54.56.7
P/EBIT TTM (Sector)4.30.4-1.9-1.2-0.4
P/E TTM (Sector)-1.8-2.2-3.4-2.2-2.3
 9/4/2520242023
Share Price CYE$65.39$63.10$45.75
Market Cap CYE ($ Bil)2.12.01.3
Total Debt ($ Bil)0.00.00.0
Total Cash ($ Bil)0.00.10.1
Enterprise Value ($ Bil)0.02.01.3
Valuation Ratios   
P/S TTM0.00.00.0
P/EBIT TTM-42.2-53.4-38.5
P/E TTM-43.1-53.3-38.5
Sector Ratios   
P/S TTM (Sector)3.84.14.5
P/EBIT TTM (Sector)4.30.4-1.9
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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
BLTE Return---52%38%1%109%
Peers Return11%18%23%15%2%8%103%
S&P 500 Return16%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

BLTEVRTXABBVAMGNGILDREGNMedian
NameBelite B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
Mkt Price65.36401.00211.92286.92112.71577.90249.42
Mkt Cap2.1102.9374.7154.4140.360.7121.6
Rev LTM011,41958,32834,91728,86214,21421,538
Op Inc LTM-54-19913,6958,19210,7973,8416,016
FCF LTM-3,50018,23910,6059,3693,5569,369
FCF 3Y Avg-1,98420,2738,5908,3973,2488,397
CFO LTM-3,84619,28312,0139,8684,7449,868
CFO 3Y Avg-2,32421,1549,7538,9494,5188,949

Growth & Margins

BLTEVRTXABBVAMGNGILDREGNMedian
NameBelite B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
Rev Chg LTM-10.5%6.1%12.9%3.8%5.4%6.1%
Rev Chg 3Y Avg-11.0%0.6%10.0%1.6%0.3%1.6%
Rev Chg Q-12.1%6.6%9.4%1.8%3.6%6.6%
QoQ Delta Rev Chg LTM-2.9%1.7%2.3%0.4%0.9%1.7%
Op Mgn LTM--1.7%23.5%23.5%37.4%27.0%23.5%
Op Mgn 3Y Avg-26.5%27.2%26.4%39.2%30.1%27.2%
QoQ Delta Op Mgn LTM-2.0%1.0%1.6%-0.0%-0.2%1.0%
CFO/Rev LTM-33.7%33.1%34.4%34.2%33.4%33.7%
CFO/Rev 3Y Avg-22.5%37.5%32.0%31.9%33.6%32.0%
FCF/Rev LTM-30.6%31.3%30.4%32.5%25.0%30.6%
FCF/Rev 3Y Avg-19.2%36.0%28.2%30.0%24.1%28.2%

Valuation

BLTEVRTXABBVAMGNGILDREGNMedian
NameBelite B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
Mkt Cap2.1102.9374.7154.4140.360.7121.6
P/S-9.06.44.44.94.34.9
P/EBIT-42.223.463.614.917.112.416.0
P/E-43.128.399.623.322.213.622.8
P/CFO-26.819.412.814.212.814.2
Total Yield-2.3%3.5%4.0%7.5%7.3%7.6%5.7%
Dividend Yield0.0%0.0%3.0%3.2%2.8%0.3%1.6%
FCF Yield 3Y Avg-2.1%7.3%6.2%8.0%4.4%6.2%
D/E0.00.00.20.40.20.00.1
Net D/E0.0-0.00.20.30.1-0.10.1

Returns

BLTEVRTXABBVAMGNGILDREGNMedian
NameBelite B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
1M Rtn-0.5%-13.2%8.6%-2.6%-0.4%3.6%-0.5%
3M Rtn0.8%-10.2%14.2%-0.1%3.8%18.6%2.3%
6M Rtn9.3%-17.5%3.8%-6.5%-0.4%-14.2%-3.5%
12M Rtn34.3%-19.1%11.8%-11.2%47.3%-51.0%0.3%
3Y Rtn90.1%42.7%74.1%30.3%97.4%-0.0%58.4%
1M Excs Rtn-3.4%-16.1%5.7%-5.4%-3.3%0.7%-3.3%
3M Excs Rtn-7.6%-18.1%6.2%-7.8%-3.9%9.8%-5.7%
6M Excs Rtn4.7%-26.7%-7.7%-15.8%-11.1%-25.0%-13.5%
12M Excs Rtn19.0%-32.8%-2.4%-24.7%33.4%-66.3%-13.6%
3Y Excs Rtn104.3%-15.1%17.5%-24.3%45.4%-56.7%1.2%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date8152025
Short Interest: Shares Quantity189,112
Short Interest: % Change Since 731202511.6%
Average Daily Volume59,642
Days-to-Cover Short Interest3.17
Basic Shares Quantity32,585,043
Short % of Basic Shares0.6%