Stock Analysis on Net

Cytokinetics Inc. (NASDAQ:CYTK)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 3, 2023.

Price to Operating Profit (P/OP)
since 2005

Microsoft Excel

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Calculation

Cytokinetics Inc., P/OP, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Cytokinetics Inc. Annual Report.


Share Price
The share price exhibited considerable volatility over the analyzed period. Starting at $42.90 in 2006, it declined sharply to a low point of $6.30 in 2013, reflecting a sustained negative trend over several years. After reaching this trough, the share price experienced partial recovery, increasing to $11.85 in 2017. However, this recovery was not linear, with intermittent decreases observed. From 2018 onwards, the share price showed a stronger upward trajectory, reaching a peak of $43.11 in early 2023, which surpasses the initial value recorded in 2006.
Operating Profit Per Share (OPPS)
Operating profit per share was predominantly negative throughout the period, indicating operational losses on a per-share basis. The losses slightly decreased from -$7.53 in 2006 to around -$0.38 in 2010, with an anomalous positive figure of $2.51 in the same year, suggesting a one-time gain or accounting adjustment. Subsequently, the losses resumed, although with some fluctuations between -$3.77 and -$0.38 until 2017. There was a brief positive figure of $0.45 in 2017, followed by a return to negative values, reaching -$3.41 in 2023, indicative of recurring operational challenges.
Price to Operating Profit Ratio (P/OP)
The P/OP ratio was only reported sporadically and exhibits considerable variation. A ratio of 8.04 was recorded in 2010, correlating with the unusual positive operating profit, while a significantly higher ratio of 26.46 appeared in 2018, despite a return to negative operating profits. This suggests that at times the market valuation of the company shares was disproportionately high relative to its operating earnings, likely reflecting speculative or forward-looking investor behavior in the face of volatile earnings.

Comparison to Competitors

Cytokinetics Inc., P/OP, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).