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← CockpitCompetitor Analysis › 2105.HK Laekna, Inc.Open in the cockpit ↗

Laekna, Inc.2105.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Health Care›Biotechnology
Momentum laggard 15
Mkt cap
$328M
US dollars, full cap
Free float
57%
of shares outstanding
$/day
$1.10M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-82.4 pp
WACC 10.2%
Hurdle
n/a
no reverse DCF
Next earnings
144 days
30 Mar 2027
Close · HKDHK$6.05
1D-7.6%
1W+7.8%
1M-23.6%
3M-13.8%
6M-56.6%
YTD-55.4%
1Y-49.1%
ATR %8.3%
52w lowhigh68.8% off high

What Laekna does

Employees: 83

Laekna at a glance

Size Laekna (2105.HK) is a Hong Kong Health Care company (Biotechnology) with a market value of $328M, the 867th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.05 on 6 Nov 2026.

Performance Over six months the shares fell 56.6%, against -22.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 18 in its peer set.

Growth The operating margin is -56.9% (peer median -554.7%).

Valuation It trades at 4.8× enterprise value to sales against a peer median of 11.6× (5th cheapest of 14).

Capital Return on invested capital runs 82.4 points below its cost of capital (10.2% WACC).

Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).

Relative performance

507510011 May 202611 Aug 20266 Nov 2026Peer median 792105.HK 45
Six months, rebased to 100: Laekna against the median of its 20 peers (local-currency closes).

Laekna financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$288MHK$116MHK$0HK$0HK$0
Revenue growth—————
Gross profitHK$235MHK$87.8M-HK$5.58M-HK$5.78M-HK$7.66M
EBITDA-HK$156M-HK$287M-HK$308M-HK$318M-HK$422M
Net income-HK$112M-HK$249M-HK$276M-HK$408M-HK$909M
Free cash flow-HK$96.9M-HK$67.3M-HK$269M-HK$314M-HK$359M
Capital expenditureHK$1.08MHK$1.15MHK$2.07MHK$1.45MHK$5.91M
Total debtn/aHK$135MHK$111MHK$62.1MHK$2.59B

Quarterly statements and history in the cockpit →

Laekna competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%6945BNTC2617AGENALECGALT4894XFORFENCPROK086900IPSC1873CRNAKYTX3880ALLO2105.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Laekna is the large dot.

Laekna competitors and peer comparison

How Laekna compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Laekna against its 20 peers (data as of 6 Nov 2026)
Measure2105.HKPeer medianRank in peer set
1-month return-23.6%-11.3%4th lowest of 20
6-month return-56.6%-22.3%2nd lowest of 18
Distance from 52-week high-68.8%-52.5%4th lowest of 20
Operating margin-56.9%-554.7%6th highest of 14
EV / Sales4.8×11.6×5th cheapest of 14
ROIC minus cost of capital-82.4 pp-69.0 pp3rd lowest of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Laekna 2105.HKHong Kong$328M-57%n/a-57%4.8×n/an/a
AP Biosciences 6945.TWOTaiwan$330M-32%-100%n/an/an/an/a
IMPACT Therapeutics 7630.HKHong Kong$325Mn/a+395%-173%9.9×n/an/a
Benitec Biopharma BNTCUnited States$333M-22%n/an/an/an/an/a
TransThera Sciences (Nanjing) 2617.HKHong Kong$323M-83%n/a-751%36.4×n/an/a
Agenus AGENUnited States$323M+87%+30%27%4.4×n/an/a
Alector ALECUnited States$340M+9%-83%-857%14.4×n/an/a
Galectin Therapeutics GALTUnited States$317M+50%n/an/an/an/an/a
Cuorips 4894.TJapan$341M-9%-51%-947%392.1×n/an/a
X4 Pharmaceuticals XFORUnited States$315M-28%-52%-555%11.6×n/an/a
Fennec Pharmaceuticals FENCUnited States$344M+42%+78%-3%5.1×n/an/a
ProKidney PROKUnited States$345M-39%+55%-21,665%1,556.3×n/an/a
Medy-Tox 086900.KSSouth Korea$310M-39%+7%7%2.0×6.0%+11.9%
Century Therapeutics IPSCUnited States$304M-27%-100%n/an/an/an/a
Viva Biotech 1873.HKHong Kong$354M-14%+7%10%1.2×5.6%+19.1%
Circio CRNA.OLNorway$303M-14%n/an/an/an/an/a
Kyverna Therapeutics KYTXUnited States$302M-48%n/an/an/an/an/a
Medtide 3880.HKHong Kong$358M-9%+14%36%2.7×n/an/a
HJ Science 6132.HKHong Kong$300Mn/a+621%-967%65.6×n/an/a
Allogene Therapeutics ALLOUnited States$359M-54%-100%-3,886%22.8×n/an/a
Aspen Neuroscience ASPEUnited States$362Mn/an/an/an/an/an/a

Questions

Which companies are Laekna's closest peers?
The cockpit's peer set: AP Biosciences (6945.TWO), IMPACT Therapeutics (7630.HK), Benitec Biopharma (BNTC), TransThera Sciences (Nanjing) (2617.HK), Agenus (AGEN), Alector (ALEC), Galectin Therapeutics (GALT), Cuorips (4894.T).
Is Laekna expensive compared with its peers?
On ev / sales it trades at 4.8× against a peer median of 11.6×, 5th cheapest of 14 in its peer set.
How has Laekna stock performed?
Over six months to 6 Nov 2026 the shares returned -56.6% against -22.3% for the median peer; over one year -49.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.