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TECX

Tectonic Therapeutic Inc. Common Stock (TECX) fair value

Healthcare · Biotechnology · NASDAQ · United States
$20.07-4.84%
Market cap $392MNext earnings 2026-11-05Updated Oct 24, 2026
Add earnings to calendarGoogle
Our verdict
Trades 54% below our fair value
Price
$20.07
Model fair valueConfidence: low
about $43.18
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a pre-revenue company: Net cash floor and Analyst consensus.
ACCE opinionTectonic Therapeutic Inc. Common Stock (TECX)
Fair value
Not available
ACCE price target
$21.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $20.07 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Net cash floor.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
25
out of 100
Analysts
90% buy
10 covering
1-year return
+15.4%
Dividend yield
0.00%

Tectonic Therapeutic Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

I don't have a product description for Tectonic Therapeutic in the data provided, so I can't say what it develops or what its lead programs are. The available figures are thin: zero revenue growth, zero margins, a PE of zero, and an ROE of -33.8%, which points to a company that is still spending heavily without earnings to offset it. The 27/100 score and absence from any index put it in the speculative tail of healthcare, with a $416M market cap that leaves little room for a clinical or regulatory setback to go unnoticed. Before this merits a deeper look, we need the pipeline, cash runway and next data readout from the filings, since none of those are in this dataset.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • severe
    Negative free cash flow
    Free cash flow is $-60,286,000 with zero revenue growth and no operating margin, so the company is burning cash without current revenue to offset it.
  • high
    Score collapse over 90 days
    The ACCE score fell from 37 to 25 over 90 days, with the quality sub-score at 31 and value at 23, signalling deteriorating fundamentals.
  • high
    Heavy short interest
    Short interest stands at 23.0% of the float, a high level that raises the risk of volatile moves on either side.
  • moderate
    Insider selling, no buys
    Insiders disclosed $1.07M in sales and $0.00M in purchases across the last ten filings, a one-directional pattern worth watching.

AI research notes

AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Nine of ten analysts rate the stock Buy or Strong Buy, a strong majority view.
  • Latest quarterly loss per share of -1.18 beat the -1.41 analysts expected, a 16.3% surprise.
Why it could disappoint
  • Free cash flow over the last twelve months was -$60M, so the company is burning cash.
  • Return on equity of -33.8% and return on invested capital of -24.1% show shareholders' money is being lost.
  • Diluted share count rose 24.1% last fiscal year, diluting existing shareholders' stakes in the company.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

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Valuation

INVESTOR
Where TECX's valuation models land
Price
$20.07
Model fair valueConfidence: low
about $43.18
Model
Fair value
Upside
Analyst consensus
Net cash floor
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish90% buy · 10 covering analysts
● Strong buy 8● Buy 1● Hold 1● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-2.8%
1 month
-19.7%
3 months
-33.9%
6 months
-29.7%
YTD
-3.8%
1 year
+15.4%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
15 Oct 2026, 00:00 CESTACCE price target$21.00first publication$21.31

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth7Value23Quality31Momentum39Total25
Valuation
Trailing P/E
no data
Forward P/E
-4.2x
PEG
no data
P/B
2.18x
EV / Revenue
0.0x
Book value/sh
$11.64
Enterprise value
$265M
Profitability
ROE
-33.8%
FCF yield
-15.37%
ROIC
-24.1%
Health and risk
Debt / equity
0.01
Dividend yield
0.00%
Beta
0.38

Price

+17.0% · 1Y

Ask anything about TECX

Answered from Tectonic Therapeutic Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
ROEbetter than 0% of peers
low -34%-34%high 20%
Div yieldbetter than 67% of peers
low 0.0%0.0%high 0.7%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
TECX Tectonic Therapeutic Inc. Common Stock$20.07----33.8%3125
ZEAL.CO Zealand Pharma A/Skr 226.00--5.8x16.3%9051
BIOA-B.ST BioArctic AB (publ)kr 300.00kr 25916% above254.2x5.2%6238
BAVA.CO Bavarian Nordic A/Skr 247.40kr 2574% below12.7x12.2%8686
CAMX.ST Camurus AB (publ)kr 666.00kr 325105% above58.8x15.9%9055
BIOCON.NS Biocon Limited₹323.50--97.7x-6752
KRYS Krystal Biotech Inc. Common Stock$311.50$153104% above40.1x20.1%9571

Sector report card

Where TECX ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Sep 29, 2026
    Tectonic Therapeutic Announces Favorable Phase 1 Safety, Tolerability and PK Results for TX2100, a Novel Approach for the Treatment of Hereditary Hemorrhagic Telangiectasia (HHT)
  • GlobeNewswire•Sep 3, 2026
    Tectonic Therapeutic to Participate in the Morgan Stanley Global Healthcare Conference
  • GlobeNewswire•Aug 6, 2026
    Tectonic Therapeutic Announces Second Quarter 2026 Financial Results and Recent Business Highlights
3 more press releases · full archive on Investor+.INVESTOR
30 filings
May 2026
May 7
8-KCurrent reportPeriod 2026-05-07
View on SEC →
May 7
10-QQuarterly reportPeriod 2026-03-31
View on SEC →
May 6
Form 4Insider transactionPeriod 2026-05-04
View on SEC →
27 more filings + AI summaries on Investor+.INVESTOR