Stock fact sheet · data as of
Adagene Inc. (ADAG): fair value, margin of safety and Wheel Score
Healthcare · Biotechnology · China · ADR · Speculative / Distressed
Is ADAG undervalued?
At 2.40 (close of 16 Oct 2026), ADAG has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -0.45 and it pays no dividend), so the margin of safety is blank and the Wheel Score cannot be computed. Our screens leave the stock out at the first rule. What can be said from the nightly row is below.
The nightly engine files ADAG under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for ADAG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.9153 | -62% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 8.67 | +261% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Adagene Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 0.9/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -42.3%, ROE -49.8%, ROA -22.5% - with debt at 0.18 times equity and negative free cash flow.
Adagene Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Service 64%, License 36% (fiscal year FY2020).
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 23 Sep 2026.
| Piotroski F-score | 5 / 9 | ROIC | -42.3% |
|---|---|---|---|
| GLS Moat | 0.9 / 10 | ROE | -49.8% |
| Debt / equity | 0.18 | ROA | -22.5% |
| Free-cash-flow yield | -21.5% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 36: No options
No options are listed on Adagene Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 36) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 552k shares a day on a market cap of $90M, with a beta of 0.54 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 13 / 25 | 0% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 1 / 15 | moat 0.9/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 11 / 20 | 552k shares/day, $90M cap, beta 0.54 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for ADAG in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Biotechnology
The 12 companies below are the closest to Adagene Inc. by market cap within the Biotechnology industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RLYB Rallybio Corporation | 16.91 | 120.56 | +86% | 39No options | $90M |
| TNYA Tenaya Therapeutics, Inc. | 0.3905 | 0.5664 | +31% | 45Weak | $88M |
| OKUR OnKure Therapeutics, Inc. | 2.13 | 4.23 | +50% | 45Weak | $86M |
| ICCC ImmuCell Corporation | 10.56 | 4.35 | -143% | 26No options | $96M |
| ANIX Anixa Biosciences, Inc. | 2.78 | 0.0273 | -10072% | 19Weak | $97M |
| AARD Aardvark Therapeutics, Inc. Common Stock | 3.86 | 2.06 | -87% | 10Weak | $84M |
| ATRA Atara Biotherapeutics, Inc. | 9.65 | - | - | 25No options | $97M |
| IMUX Immunic, Inc. | 7.10 | 0.6047 | -1074% | 18Weak | $97M |
| NRXS NeurAxis, Inc. | 7.74 | - | - | 45Weak | $97M |
| CRBP Corbus Pharmaceuticals Holdings, Inc. | 4.33 | 1.97 | -120% | 24Weak | $84M |
| EQ Equillium, Inc. | 1.32 | 0.3155 | -318% | 15Weak | $84M |
| PYPD PolyPid Ltd. | 4.83 | 0.1249 | -3766% | 18Weak | $98M |
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Start free See the Sunday ScanQuestions about ADAG
Is ADAG undervalued right now?
The GLS models could not value ADAG (the company lost money over the last twelve months, EPS -0.45 and it pays no dividend), so there is no fair value or margin of safety to compare the price of 2.40 against.
What is the Wheel Score of ADAG and what does it mean?
ADAG has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for ADAG?
None of the nine GLS models produced a positive value for ADAG (the company lost money over the last twelve months, EPS -0.45 and it pays no dividend), so there is no GLS fair value tonight.
When does Adagene Inc. report earnings next?
No upcoming earnings date is recorded for ADAG in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does ADAG have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ADAG, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.