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← CockpitCompetitor Analysis › ANL Adlai Nortye Ltd. Sponsored ADROpen in the cockpit ↗

Adlai Nortye Ltd. Sponsored ADRANLCompetitor analysis, valuation and peers

United States · USD·Health Care›Miscellaneous Commercial Services

Clinical-stage Chinese biopharmaceutical company developing immuno-oncology and targeted cancer therapies.

Momentum laggard 15
Mkt cap
$619M
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$3.68M
20-day average traded
P/B
3.08×
price to book
ROE
-20.3%
delivered
Implied ROE
31.2%
what the price asks
Next earnings
117 days
3 Mar 2027
Close · USD$10.28
1D+6.2%
1W+7.6%
1M-33.7%
3M-22.3%
6M-22.6%
YTD+623.9%
1Y+609.0%
ATR %9.9%
Beta1.63
52w lowhigh40.4% off high

What Adlai Nortye Ltd. Sponsored ADR does

Clinical-stage Chinese biopharmaceutical company developing immuno-oncology and targeted cancer therapies.

Has no approved product and no sales; development is paid for by money raised from investors rather than by sales. Its fortunes ride on trial results for a handful of cancer drug candidates.

Products and services

  • Buparlisib (PI3K inhibitor, head/neck cancer)
  • AN4005 immuno-oncology candidate
  • Other early-stage oncology pipeline

Customers

  • Oncologists
  • Cancer patients (via approved therapy, pending)

Where it sits in the supply chain

  • Biotechnology
  • Oncology drug development
  • Immuno-oncology & targeted therapy…

What could go right

  • Buparlisib approval/launch potential
  • China oncology drug market growth

What could go wrong

  • Clinical trial failure risk
  • No approved/commercial product yet

Moat: none (IP / patents). Early clinical-stage pipeline with patent-protected candidates but no approved commercial product yet.

Headquarters: Hangzhou, China · Founded: 2016 · Employees: 109

Named competitors

Adlai Nortye Ltd. Sponsored ADR at a glance

Size Adlai Nortye Ltd. Sponsored ADR (ANL) is a United States Health Care company (Miscellaneous Commercial Services) with a market value of $619M, the 2566th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.28 on 6 Nov 2026.

Performance Over six months the shares fell 22.6%, against +19.2% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 9 in its peer set.

Growth The operating margin is -133.9% (peer median -10.0%).

Valuation It trades at 3.08× book value against a peer median of 1.86× (3rd most expensive of 9).

Price implies The share price implies a return on equity of about 31.2%; Adlai Nortye Ltd. Sponsored ADR delivers -20.3%, so the price asks more than the business earns today.

Short interest Short interest is 8.7% of the free float (15 Oct 2026).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 126ANL 79
Six months, rebased to 100: Adlai Nortye Ltd. Sponsored ADR against the median of its 8 peers (local-currency closes).

Adlai Nortye Ltd. Sponsored ADR financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$18.1M$5.01M$0$0$0
Revenue growth—————
Gross profitn/an/a-$1.87M-$2.22M-$2.04M
EBITDAn/a-$34.8M-$53.0M-$71.2M-$65.4M
Net income-$22.6M-$35.6M-$51.9M-$109M-$58.7M
Free cash flown/a-$33.7M-$51.3M-$56.7M-$43.9M
Capital expendituren/a$187,495$170,085$199,826$1.27M
Total debtn/a$26.4M$27.2M$31.5M$6.54M

Quarterly statements and history in the cockpit →

Adlai Nortye Ltd. Sponsored ADR 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

0%+100%+200%0%+50%+100%EVTOABISBCEVHOCSTECXSLNFTREANL6-month return →1-month return →
Up and to the right = strong over both horizons. Adlai Nortye Ltd. Sponsored ADR is the large dot.

Fundamentals: return on equity against price-to-book

-50%0%00×100×200×EVTOABISBCEVHOCSTECXSLNFTREANLReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Adlai Nortye Ltd. Sponsored ADR is the large dot.

Capital: ROE delivered against the ROE the price implies

0%100%200%0%100%200%EVTOABISBCEVHSLNFTREANLROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Adlai Nortye Ltd. Sponsored ADR is the large dot.

Adlai Nortye Ltd. Sponsored ADR competitors and peer comparison

Head to head with its named competitors (ANL vs 1801.HK vs 1877.HK vs 6887.HK)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Adlai Nortye Ltd. Sponsored ADR ANL$619M-23%n/a-20%3.08×31.2%
Innovent Biologics 1801.HK$19.2B-5%+43%7%6.26×34.8%
Shanghai Junshi Biosciences 1877.HK$4.08B-39%+36%-7%2.36×17.9%
Sunshine Lake Pharma 6887.HK$2.85B-9%+20%-14%5.01×14.5%

How Adlai Nortye Ltd. Sponsored ADR 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.

Adlai Nortye Ltd. Sponsored ADR against its 8 peers (data as of 6 Nov 2026)
MeasureANLPeer medianRank in peer set
1-month return-33.7%+2.6%lowest of 9
6-month return-22.6%+19.2%4th lowest of 9
Return on equity-20.3%-29.9%4th highest of 9
Price / book3.08×1.86×3rd most expensive of 9
ROE the price implies31.2%14.8%3rd most demanding of 9
ROE delivered-20.3%-29.9%4th highest of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Adlai Nortye Ltd. Sponsored ADR ANLUnited States$619M-23%n/a-20%3.08×31.2%-20.3%
Evotec EVT.DEGermany$630M-33%-8%-26%0.84×9.5%-26.1%
OmniAb OABIUnited States$734M+29%+91%-17%2.94×17.2%-16.5%
SBC Medical SBCUnited States$518M+58%-7%19%1.96×11.7%19.3%
Evolent Health EVHUnited States$518M+10%-4%-79%1.35×12.5%-79.0%
Oculis OCSUnited States$462M-77%n/a-44%1.70×8.7%-44.2%
Tectonic Therapeutic TECXUnited States$403M-29%n/a-34%1.77×17.9%-33.8%
Silence Therapeutics PLC Sponsored ADR SLNUnited States$1.23B+184%-97%-90%24.23×209.9%-90.2%
Fortrea FTREUnited States$2.12B+42%-3%-12%3.98×47.5%-12.3%

Questions

Who are Adlai Nortye Ltd. Sponsored ADR's main competitors?
Named competitors: BeiGene (private or unlisted), Innovent Biologics (1801.HK), Junshi Biosciences (1877.HK), Zai Lab (6887.HK). The cockpit's measured peer set (industry) also includes Evotec (EVT.DE), OmniAb (OABI), SBC Medical (SBC), Evolent Health (EVH), Oculis (OCS), Tectonic Therapeutic (TECX).
Is Adlai Nortye Ltd. Sponsored ADR expensive compared with its peers?
On price / book it trades at 3.08× against a peer median of 1.86×, 3rd most expensive of 9 in its peer set. The share price implies a return on equity of about 31.2%; Adlai Nortye Ltd. Sponsored ADR delivers -20.3%, so the price asks more than the business earns today.
How has Adlai Nortye Ltd. Sponsored ADR stock performed?
Over six months to 6 Nov 2026 the shares returned -22.6% against +19.2% for the median peer; over one year +609.0%.

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.