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JW (Cayman) Therapeutics Co. Ltd.
(2126)
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Rating:50Neutral
Price Target:
HK$2.00
▼(-20.00% Downside)
Action:Reiterated
Date:08/29/26
The score is held back primarily by weak financial performance driven by large ongoing losses and persistent negative cash flow, despite strong recent revenue growth and improved cash burn. Technical indicators are moderately supportive with positive momentum, but somewhat extended readings and the stock still below the 200-day average limit upside. Valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Revenue and margin recovery
The strong 2025 revenue rebound and higher gross margin indicate improving commercial traction for the company’s CAR-T portfolio. If sustained, this combination can expand operating leverage, support reinvestment in development, and improve the path toward future profitability.
Negative Factors
Deep ongoing losses
The company remains far from break-even despite revenue and gross-margin improvement. Persistently negative operating profitability limits internally generated funding, makes results sensitive to additional investment needs, and weakens the durability of its financial model over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin recovery
The strong 2025 revenue rebound and higher gross margin indicate improving commercial traction for the company’s CAR-T portfolio. If sustained, this combination can expand operating leverage, support reinvestment in development, and improve the path toward future profitability.
Read all positive factors
JW (Cayman) Therapeutics Co. Ltd. (2126) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$808.53M
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth67.48%
EPS Growth43.84%
CountryHK
Employees314
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.32
Shares Outstanding416,768,370
10 Day Avg. Volume1,459,085
30 Day Avg. Volume1,059,109
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.68
Price to Sales (P/S)3.39
P/FCF Ratio-11.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.77
Revenue Forecast (FY)HK$312.38M
JW (Cayman) Therapeutics Co. Ltd. Business Overview & Revenue Model
Company Description
JW (Cayman) Therapeutics Co. Ltd is a clinical-stage biotechnology company dedicated to the development, manufacture, and commercialization of cell-based immunotherapies. The company primarily targets hematological cancers and solid tumors through...
How the Company Makes Money
The company makes money primarily through commercialization of its approved CAR-T therapies, recognizing revenue from product sales to healthcare providers and/or distribution channels where it has marketing authorization. Additional revenue can c...
JW (Cayman) Therapeutics Co. Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
54
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 276.31M | 158.22M | 173.86M | 145.70M | 30.80M |
| Gross Profit | 118.91M | 77.32M | 88.22M | 58.76M | 9.04M |
| EBITDA | -161.95M | -381.58M | -655.75M | -752.27M | -738.70M |
| Net Income | -540.92M | -590.62M | -768.00M | -846.13M | -702.33M |
Balance Sheet | |||||
| Total Assets | 987.32M | 1.68B | 2.15B | 2.79B | 3.12B |
| Cash, Cash Equivalents and Short-Term Investments | 503.28M | 762.53M | 1.01B | 1.39B | 1.84B |
| Total Debt | 262.67M | 422.40M | 318.80M | 279.13M | 147.03M |
| Total Liabilities | 430.82M | 511.20M | 462.26M | 437.06M | 325.75M |
| Stockholders Equity | 556.50M | 1.17B | 1.68B | 2.35B | 2.79B |
Cash Flow | |||||
| Free Cash Flow | -78.46M | -348.87M | -413.00M | -613.60M | -634.28M |
| Operating Cash Flow | -76.85M | -333.44M | -398.42M | -536.72M | -561.20M |
| Investing Cash Flow | -1.49M | -15.43M | 9.90M | -124.08M | -137.13M |
| Financing Cash Flow | -169.81M | 90.49M | 275.00K | 112.35M | -30.62M |
JW (Cayman) Therapeutics Co. Ltd. Technical Analysis
Negative
2.50
Price Trends
1.80
Positive
1.95
Negative
2.25
Negative
Market Momentum
0.07
Positive
50.91
Neutral
20.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2126, the sentiment is Negative. The current price of 2.5 is above the 20-day moving average (MA) of 1.97, above the 50-day MA of 1.80, and above the 200-day MA of 2.25, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 50.91 is Neutral, neither overbought nor oversold. The STOCH value of 20.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2126.
JW (Cayman) Therapeutics Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | HK$808.53M | -2.08 | -66.16% | ― | 67.48% | 43.84% | |
50 Neutral | HK$1.84B | 18.59 | 48.25% | ― | 88.38% | ― | |
47 Neutral | HK$9.74B | -19.63 | -43.54% | ― | 116.67% | -0.42% | |
47 Neutral | HK$2.86B | -5.49 | -32.32% | ― | 28.93% | 27.27% | |
46 Neutral | HK$8.55B | -43.68 | -10.27% | ― | -31.77% | -177.01% | |
44 Neutral | HK$7.98B | -71.65 | -9.49% | ― | 68.12% | 81.84% |
* Healthcare Sector Average
HK:2126
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JW (Cayman) Therapeutics Co. Ltd. Corporate Events
JW Therapeutics Narrows Interim Loss as Carteyva Sales Jump and Costs Ease
Aug 27, 2026
JW (Cayman) Therapeutics reported interim revenue of RMB111.4 million for the six months to June 30, 2026, up 4.7% year on year, driven almost entirely by Carteyva® sales, which surged 36.9% to RMB111.2 million. While gross profit fell due to...
JW Therapeutics Sets Board Meeting to Approve Interim 2026 Results
Aug 12, 2026
JW (Cayman) Therapeutics Co. Ltd. has scheduled a board meeting for August 27, 2026, to review and approve its unaudited interim results for the six months ended June 30, 2026. The meeting will also address other business items, signaling routine ...
JW Therapeutics Shareholders Back All AGM Resolutions, Approve Fresh Capital Mandates
Jun 26, 2026
JW (Cayman) Therapeutics reported that all ordinary resolutions at its June 26, 2026 annual general meeting were approved by poll, including the adoption of its 2025 audited financial statements and the reappointment of Deloitte Touche Tohmatsu as...
JW Therapeutics Clarifies Board and Committee Structure
Jun 26, 2026
JW (Cayman) Therapeutics has announced the current composition of its board of directors, confirming Feng Tian as executive director, chairman, and chief executive officer, alongside non-executive and independent non-executive directors including ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.