Molecular Partners AG ADR(MOLN)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$4.3
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for MOLN

09/25/2026: MOLN (1-star) is currently NOT-A-BUY. Pass it for now.

Molecular Partners AG is a clinical-stage biotechnology company focused on developing its proprietary DARPin protein platform for oncology. Its primary strength lies in the modularity and specificity of its technology, which has attracted significant partnerships with major pharmaceutical players. The investment story centers on the success of its oncology pipeline, specifically candidates designed to activate immune responses. Key risks include the binary nature of clinical trials, substantial cash requirements, and competition from more established antibody-based therapies. The stock is best suited for risk-tolerant investors looking for long-term growth through technological disruption, and investors should closely monitor clinical trial milestones and future collaboration updates.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThis is a high-risk, high-reward play suitable only for investors willing to bet on the success of a niche technology platform.
Momentum investorWeak fitThe stock often lacks sustained upward momentum unless catalyzed by specific clinical trial data releases.
Value investorWeak fitValuation is difficult due to the lack of steady earnings and the early-stage nature of the product pipeline.
Dividend investorWeak fitThe company does not pay dividends and focuses all capital on research and development.
Low-risk investorWeak fitThe stock carries high volatility inherent to clinical-stage biotech investments.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock price is extremely sensitive to clinical trial outcomes and biotech sector news.
Valuation riskHighValuations for pre-revenue biotech companies are speculative and subject to rapid correction.
Competition risk (antibody developers)Medium / highEstablished antibody therapies have a significant head start in market penetration and clinician familiarity.
Business qualityMediumWhile the technology is innovative, the company lacks a diversified commercial portfolio.
Dividend incomeLow / noneThere is no income generation for investors through dividends.
Execution riskHighFailure at any stage of clinical trials could result in a significant loss of value for investors.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 27.85%
Avg. Invested days 33
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MOLN receives a 2-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
MOLN has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and soft ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-14.1%), soft cash generation (FCF margin 0.0%), negative revenue growth (-100.0%).

Financial Health Rating

★★★★★
MOLN's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MOLN's strongest growth driver at +13.3% FY2025 versus FY2024 (solid, 4 stars). By comparison, while revenue growth (-100.0%, negative) and earnings growth (-14.1%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 9.4% and approximately 54.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

Suvretta Capital Management, LLC 5.80%
Bvf Inc 3.53%
Citadel Advisors Llc 0.04%
Morgan Stanley - Brokerage Accounts 0.00%
EverSource Wealth Advisors, LLC 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
MOLN generates approximately $-0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
MOLN has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 164.71M USD
Price to earnings Ratio -
1Y Target Price 10.43
Price to earnings Ratio -
1Y Target Price 10.43
Volume (30-day avg) 1.4K shares
Beta 0.69
52 Weeks Range 3.53 - 5.36
Updated Date 09/25/2026
52 Weeks Range 3.53 - 5.36
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.64

How Company Makes Money

Business areaWhat it includesRetail investor read
Research CollaborationsMilestone payments and R&D funding from pharmaceutical partners.The company generates cash primarily by partnering its technology with larger, established drug companies.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 1.7
Enterprise Value 77.74M
Price to Sales(TTM) 156.56
Enterprise Value 77.74M
Price to Sales(TTM) 156.56
Enterprise Value to Revenue 3.81
Enterprise Value to EBITDA 1.23
Shares Outstanding 38.31M
Shares Floating 20.71M
Shares Outstanding 38.31M
Shares Floating 20.71M
Percent Insiders -
Percent Institutions 9.38

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Molecular Partners AG ADR

Exchange NASDAQ
Headquarters -
IPO Launch date 2021-06-16
Co-Founder, CEO, Member of Management Board & Director Dr. Patrick Amstutz Ph.D.
Sector Healthcare
Industry Biotechnology
Full time employees 134
Full time employees 134

Molecular Partners AG, a clinical-stage biotechnology company, designs and develops designed ankyrin repeat proteins therapeutics for the treatment of oncology diseases in Switzerland. Its product pipeline comprises MP0317, which is in Phase 2 clinical trial for the treatment of advanced solid tumors; MP053, novel tetra-specific T cell-engaging DARPin, which is phase 1 clinical trial for the treatment of acute myeloid leukemia; and MP0712, a 212Pb Radio-DARPin therapy (RDT) candidate targeting the tumor-associated protein delta-like ligand 3 (DLL3) which is in Phase 1 clinical trial to treat SCLC and neuroendocrine tumors. It also researches for Switch-DARPin T cell engager to treat CD3 x costim x; and MP0726, a Radio-DARPin Therapy to treat ovarian cancer and other MSLNexpressing cancers. In addition, the company develops MP0621, a Switch-DARPin candidate targeting CD16a, c-KIT, and CD47 as conditioning for hematopoietic stem cell transplantation; and Radio-DARPin Therapy (RDT) platform, a delivery system for effective and selective delivery of radioactive payloads to solid tumors. It has collaboration agreement with Orano Med SAS to develop novel Radio-DARPin therapeutics and an additional six targeted alpha therapeutics candidates and Eckert & Ziegler SE to develop Radio-DARPin therapeutics. Molecular Partners AG was incorporated in 2004 and is headquartered in Schlieren, Switzerland.