COMP <GO>
ZBIO vs TRAX // FORWARD P/E MULTIPLE
Zenas BioPharma Inc. (NASDAQ) VS. First Tracks Biotherapeutics Inc. (NASDAQ) • 15-METRIC TALLY: ZBIO 1
— TRAX 3
■ METRIC PARITY
LAST: $28.76 (-0.04%) • MKT CAP: $1.87B
forward-pe
—
LAST: $45.23 (-1.08%) • MKT CAP: $1.90B
forward-pe
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ZBIO VS. TRAX)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ZBIO | TRAX | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | -35.00% | 0.00 | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -9.19% | -7.53% | -1.66 | TRAX | /fcf-yield <GO> |
| Operating Margin | -60.00% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | -60.00% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 100.00% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.79 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 2/9 | +2.00 | ZBIO | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 52.3 | 65.8 | -13.47 | TRAX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple ACTIVE | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.87B | $1.90B | -$25.8M | TRAX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ZBIO REV | TRAX REV | ZBIO GROSS % | TRAX GROSS % | ZBIO FCF | TRAX FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $10.0M | $0 | — | — | -$172.4M | -$143.0M |
| FY 2024 | $5.0M | $0 | — | — | -$119.8M | -$126.2M |
| FY 2023 | $50.0M | — | — | — | -$30.5M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ZBIO // BETA —
TRAX // BETA —