Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Pmv Pharmaceuticals Inc
Physical assets are 0.9% of total assets, a light footprint. Capex is 0.22x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets.
Fixed-asset turnover is 0.00x. Compare it with other names in the same basket.
Physical asset ratio
0.9%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.04MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$116.56MtotalAssetsInventory was not reported and is treated as zero.Result 0.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.00xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$1.04MpropertyPlantAndEquipmentNetResult 0.00x
Revenue per dollar of the physical asset base.
Capex / D&A
0.22xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$29.00KcapitalExpendituresD&A$133.00KdepreciationAndAmortizationResult 0.22x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$1.99Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$116.56MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$11.85MtotalLiabTangible book$104.71MShares52,541,613commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $1.99
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.64xPrice / tangible bookPrice / tangible book per sharePrice$1.28Latest quoteTangible book / share$1.992025-12-31Result 0.64x
Price $1.28.
Fixed-charge coverage
—Fixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$79.78MebitdaCapex$29.00KcapitalExpendituresInterest—Not reportedShort-term debt$403.00KshortTermDebtEBITDA − capex-$79.81MPrincipal due is short-term debt.Result —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-76.5%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$73.61MfreeCashFlowMarket cap$96.28MMarketCapitalizationResult -76.5%
Latest free cash flow divided by current market cap ($96.28M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$86.21MoperatingIncomeTax expense-$2.17MincomeTaxExpensePretax income-$79.91MincomeBeforeTaxTax rate—Equity$104.71MtotalStockholderEquityDebt$838.00KshortLongTermDebtTotalCash$112.94McashAndShortTermInvestmentsInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -83.05x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 1.6%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.02MpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$63.46MtotalAssetsInventory was not reported and is treated as zero.Result 1.6% | 0.00xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$1.02MpropertyPlantEquipmentResult 0.00x | 1.34xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$452.00KcapitalExpendituresD&A$338.00KdepreciationAndAmortizationResult 1.34x | -$15.26Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$63.46MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$109.60MtotalLiabTangible book-$46.14MShares3,024,097commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$15.26 | —Fixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$18.55MebitdaCapex$452.00KcapitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex-$19.01MResult — | -$15.63MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$15.18MtotalCashFromOperatingActivitiesCapex$452.00KcapitalExpendituresFree cash flow-$15.63MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$15.63M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$18.89MoperatingIncomeTax expense$3.00KincomeTaxExpensePretax income-$17.54MincomeBeforeTaxTax rate—Equity-$46.14MtotalStockholderEquityDebt$107.23MshortLongTermDebtTotalCash$61.91McashAndShortTermInvestmentsInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -18.56xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$18.89MoperatingIncomeNet PP&E$1.02MpropertyPlantEquipmentResult -18.56x |
| 2019 | 0.7%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$739.00KpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$103.03MtotalAssetsInventory was not reported and is treated as zero.Result 0.7% | 0.00xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$739.00KpropertyPlantEquipmentResult 0.00x | 0.28xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$109.00KcapitalExpendituresD&A$388.00KdepreciationAndAmortizationResult 0.28x | -$1.64Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$103.03MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$173.51MtotalLiabTangible book-$70.47MShares42,999,310commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$1.64 | -19.39xFixed-charge coverage · 2019-12-31(EBITDA − capex) / interestEBITDA-$24.96MebitdaCapex$109.00KcapitalExpendituresInterest$1.29MinterestExpenseEBITDA − capex-$25.07MShort-term debt was not reported, so the denominator is interest only.Result -19.39x | -$22.17MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$22.07MtotalCashFromOperatingActivitiesCapex$109.00KcapitalExpendituresFree cash flow-$22.17MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$22.17M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$26.64MoperatingIncomeTax expense$8.00KincomeTaxExpensePretax income-$25.34MincomeBeforeTaxTax rate—Equity-$70.47MtotalStockholderEquityDebt$168.93MshortLongTermDebtTotalCash$101.49McashAndShortTermInvestmentsInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -36.04xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$26.64MoperatingIncomeNet PP&E$739.00KpropertyPlantEquipmentResult -36.04x |
| 2020 | 0.2%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$569.00KpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$365.53MtotalAssetsInventory was not reported and is treated as zero.Result 0.2% | 0.00xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$569.00KpropertyPlantEquipmentResult 0.00x | 0.47xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$148.00KcapitalExpendituresD&A$318.00KdepreciationAndAmortizationResult 0.47x | $8.02Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$365.53MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$6.41MtotalLiabTangible book$359.12MShares44,777,818commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $8.02 | -42.10xFixed-charge coverage · 2020-12-31(EBITDA − capex) / interestEBITDA-$34.62MebitdaCapex$148.00KcapitalExpendituresInterest$826.00KinterestExpenseEBITDA − capex-$34.77MShort-term debt was not reported, so the denominator is interest only.Result -42.10x | -$32.89MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$32.74MtotalCashFromOperatingActivitiesCapex$148.00KcapitalExpendituresFree cash flow-$32.89MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$32.89M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$34.94MoperatingIncomeTax expense$6.00KincomeTaxExpensePretax income-$34.43MincomeBeforeTaxTax rate—Equity$359.12MtotalStockholderEquityDebt—Not reportedCash$361.42McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -61.41xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$34.94MoperatingIncomeNet PP&E$569.00KpropertyPlantEquipmentResult -61.41x |
| 2021 | 4.0%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$13.15MpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$331.57MtotalAssetsInventory was not reported and is treated as zero.Result 4.0% | 0.00xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$13.15MpropertyPlantEquipmentResult 0.00x | 4.39xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$1.35McapitalExpendituresD&A$307.00KdepreciationAndAmortizationResult 4.39x | $6.84Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$331.57MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$23.01MtotalLiabTangible book$308.56MShares45,137,656commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $6.84 | -50.28xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$57.99MebitdaCapex$1.35McapitalExpendituresInterest$777.00KinterestExpenseShort-term debt$403.00KshortTermDebtEBITDA − capex-$59.34MPrincipal due is short-term debt.Result -50.28x | -$47.92MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$46.57MtotalCashFromOperatingActivitiesCapex$1.35McapitalExpendituresFree cash flow-$47.92MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$47.92M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$58.29MoperatingIncomeTax expense$23.00KincomeTaxExpensePretax income-$57.82MincomeBeforeTaxTax rate—Equity$308.56MtotalStockholderEquityDebt$11.19MshortLongTermDebtTotalCash$297.16McashAndShortTermInvestmentsInvested capital$22.59MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -4.43xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$58.29MoperatingIncomeNet PP&E$13.15MpropertyPlantEquipmentResult -4.43x |
| 2022 | 7.6%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$20.49MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$270.31MtotalAssetsInventory was not reported and is treated as zero.Result 7.6% | 0.00xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$20.49MpropertyPlantAndEquipmentNetResult 0.00x | 25.35xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$7.98McapitalExpendituresD&A$315.00KdepreciationAndAmortizationResult 25.35x | $5.40Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$270.31MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$24.28MtotalLiabTangible book$246.03MShares45,594,824commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $5.40 | -18.59xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$76.73MebitdaCapex$7.98McapitalExpendituresInterest$4.03MinterestExpenseShort-term debt$528.00KshortTermDebtEBITDA − capex-$84.71MPrincipal due is short-term debt.Result -18.59x | -$71.74MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$63.76MtotalCashFromOperatingActivitiesCapex$7.98McapitalExpendituresFree cash flow-$71.74MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$71.74M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$77.04MoperatingIncomeTax expense-$9.00KincomeTaxExpensePretax income-$73.33MincomeBeforeTaxTax rate—Equity$246.03MtotalStockholderEquityDebt$13.98MshortLongTermDebtTotalCash$241.05McashAndShortTermInvestmentsInvested capital$18.95MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -3.76xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$77.04MoperatingIncomeNet PP&E$20.49MpropertyPlantAndEquipmentNetResult -3.76x |
| 2023 | 7.6%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$19.05MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$252.15MtotalAssetsInventory was not reported and is treated as zero.Result 7.6% | 0.00xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$19.05MpropertyPlantAndEquipmentNetResult 0.00x | 0.77xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$962.00KcapitalExpendituresD&A$1.26MdepreciationAndAmortizationResult 0.77x | $4.70Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$252.15MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$26.46MtotalLiabTangible book$225.69MShares48,014,645commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $4.70 | —Fixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$67.70MebitdaCapex$962.00KcapitalExpendituresInterest—Not reportedShort-term debt$852.00KshortTermDebtEBITDA − capex-$68.66MPrincipal due is short-term debt.Result — | -$56.62MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$55.66MtotalCashFromOperatingActivitiesCapex$962.00KcapitalExpendituresFree cash flow-$56.62MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$56.62M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$80.13MoperatingIncomeTax expense$2.00KincomeTaxExpensePretax income-$68.96MincomeBeforeTaxTax rate—Equity$225.69MtotalStockholderEquityDebt$13.29MshortLongTermDebtTotalCash$203.06McashAndShortTermInvestmentsInvested capital$35.92MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -4.21xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$80.13MoperatingIncomeNet PP&E$19.05MpropertyPlantAndEquipmentNetResult -4.21x |
| 2024 | 0.8%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.55MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$191.29MtotalAssetsInventory was not reported and is treated as zero.Result 0.8% | 0.00xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$1.55MpropertyPlantAndEquipmentNetResult 0.00x | 0.57xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$655.00KcapitalExpendituresD&A$1.14MdepreciationAndAmortizationResult 0.57x | $3.41Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$191.29MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$15.21MtotalLiabTangible book$176.08MShares51,578,807commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $3.41 | —Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$73.67MebitdaCapex$655.00KcapitalExpendituresInterest—Not reportedShort-term debt$352.00KshortTermDebtEBITDA − capex-$74.32MPrincipal due is short-term debt.Result — | -$51.94MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$51.28MtotalCashFromOperatingActivitiesCapex$655.00KcapitalExpendituresFree cash flow-$51.94MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$51.94M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$85.45MoperatingIncomeTax expense-$16.10MincomeTaxExpensePretax income-$74.81MincomeBeforeTaxTax rate—Equity$176.08MtotalStockholderEquityDebt$1.19MshortLongTermDebtTotalCash$169.45McashAndShortTermInvestmentsInvested capital$7.82MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -55.06xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$85.45MoperatingIncomeNet PP&E$1.55MpropertyPlantAndEquipmentNetResult -55.06x |
| 2025 | 0.9%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.04MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$116.56MtotalAssetsInventory was not reported and is treated as zero.Result 0.9% | 0.00xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$1.04MpropertyPlantAndEquipmentNetResult 0.00x | 0.22xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$29.00KcapitalExpendituresD&A$133.00KdepreciationAndAmortizationResult 0.22x | $1.99Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$116.56MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$11.85MtotalLiabTangible book$104.71MShares52,541,613commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $1.99 | —Fixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$79.78MebitdaCapex$29.00KcapitalExpendituresInterest—Not reportedShort-term debt$403.00KshortTermDebtEBITDA − capex-$79.81MPrincipal due is short-term debt.Result — | -$73.61MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$73.58MtotalCashFromOperatingActivitiesCapex$29.00KcapitalExpendituresFree cash flow-$73.61MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$73.61M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$86.21MoperatingIncomeTax expense-$2.17MincomeTaxExpensePretax income-$79.91MincomeBeforeTaxTax rate—Equity$104.71MtotalStockholderEquityDebt$838.00KshortLongTermDebtTotalCash$112.94McashAndShortTermInvestmentsInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -83.05xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$86.21MoperatingIncomeNet PP&E$1.04MpropertyPlantAndEquipmentNetResult -83.05x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $1.04M
Inventory: $0.00
Total assets: $116.56M
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $11.85M
Tangible book: $104.71M
Shares: 52,541,613
Revenue: $0.00
Capex: $29.00K
D&A: $133.00K
EBITDA: -$79.78M
Interest: —
Short-term debt: $403.00K
Free cash flow: -$73.61M
Operating income: -$86.21M
Invested capital: —
Tax rate: —