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Corcept Therapeutics Incorporated (CORT)

Upturn stock ratingUpturn stock rating
$91.93
Delayed price
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PASS
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Upturn Advisory Summary

04/01/2025: CORT (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 11.91%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 12.05B USD
Price to earnings Ratio 92.86
1Y Target Price 139.5
Price to earnings Ratio 92.86
1Y Target Price 139.5
Volume (30-day avg) 1826459
Beta 0.61
52 Weeks Range 20.84 - 117.33
Updated Date 03/31/2025
52 Weeks Range 20.84 - 117.33
Updated Date 03/31/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.23

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 20.92%
Operating Margin (TTM) 13.89%

Management Effectiveness

Return on Assets (TTM) 11.71%
Return on Equity (TTM) 23.81%

Valuation

Trailing PE 92.86
Forward PE 29.24
Enterprise Value 5387254490
Price to Sales(TTM) 17.85
Enterprise Value 5387254490
Price to Sales(TTM) 17.85
Enterprise Value to Revenue 7.98
Enterprise Value to EBITDA 38.96
Shares Outstanding 105503000
Shares Floating 86917947
Shares Outstanding 105503000
Shares Floating 86917947
Percent Insiders 11.44
Percent Institutions 81.8

Analyst Ratings

Rating 4.6
Target Price 74.9
Buy 2
Strong Buy 3
Buy 2
Strong Buy 3
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Corcept Therapeutics Incorporated

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Company Overview

History and Background

Corcept Therapeutics Incorporated was founded in 1998. It focuses on the development and commercialization of drugs to treat severe metabolic, oncologic, and psychiatric disorders by modulating the effects of cortisol.

Core Business Areas

  • Drug Development and Commercialization: Focused on developing and commercializing medications for conditions impacted by cortisol dysregulation. The primary product is Korlym (mifepristone) for Cushing's syndrome.

Leadership and Structure

Corcept's leadership includes Joseph Belanoff, MD (CEO), and Sean Maduck (CFO). The company operates with a research and development, commercial, and administrative structure.

Top Products and Market Share

Key Offerings

  • Exkivity (mobocertinib): Corcept acquired exkivity for oncology treatment, it is less significant to overall revenue.
  • Korlym (mifepristone): Korlym is Corcept's primary product, approved for treating Cushing's syndrome. Corcept holds a significant market share in the Cushing's syndrome drug market. Competitors include generic mifepristone and surgical interventions. Revenue from Korlym constitutes the majority of Corcept's total revenue. As of 2023, Corcept controlled the vast majority of the pharmaceutical market for Cushing's syndrome treatment.

Market Dynamics

Industry Overview

The pharmaceutical industry focusing on endocrine disorders, particularly those related to cortisol regulation, is a niche market with potential for growth due to the unmet medical needs.

Positioning

Corcept is a leader in the development and commercialization of drugs modulating cortisol activity. Its competitive advantage lies in its expertise and intellectual property surrounding mifepristone and related compounds.

Total Addressable Market (TAM)

The TAM for Cushing's syndrome treatment is estimated to be in the hundreds of millions of dollars annually. Corcept, with its dominant market share, is well-positioned to capture a significant portion of this TAM. The potential TAM for broader cortisol-related indications is substantially larger, potentially reaching billions of dollars.

Upturn SWOT Analysis

Strengths

  • Strong patent protection for Korlym
  • Deep understanding of cortisol modulation
  • Established commercial infrastructure
  • High profit margins on Korlym sales
  • Acquired novel cancer therapy to diversify

Weaknesses

  • Reliance on a single primary product (Korlym)
  • Risk of generic competition upon patent expiration
  • Potential for off-label use of generic mifepristone
  • High cost of drug development

Opportunities

  • Expansion into new indications for cortisol modulators
  • Development of next-generation cortisol antagonists
  • Potential partnerships with other pharmaceutical companies
  • Further geographic expansion

Threats

  • Patent challenges from competitors
  • Regulatory hurdles for new drug approvals
  • Changes in reimbursement policies
  • Emergence of novel therapies for Cushing's syndrome
  • Pricing pressures from payers

Competitors and Market Share

Key Competitors

  • TEVA
  • PFE
  • MRK

Competitive Landscape

Corcept's advantage lies in its focus on cortisol modulation and its established position in the Cushing's syndrome market. Competitors have broader portfolios but lack Corcept's specific expertise.

Major Acquisitions

Growth Trajectory and Initiatives

Historical Growth: Corcept has experienced significant growth in recent years, primarily driven by increasing sales of Korlym.

Future Projections: Analysts project continued growth for Corcept, driven by further penetration of the Cushing's syndrome market and potential new indications for cortisol modulators. Expectations are for revenue to approach $1 Billion.

Recent Initiatives: Recent initiatives include expanding clinical trials to study new indications for Korlym and developing next-generation cortisol antagonists.

Summary

Corcept Therapeutics is a strong company with a dominant position in the Cushing's syndrome market. Its reliance on a single product represents a weakness, and patent protection is crucial. The company has strong growth potential in new applications but needs to diversify its product line. The acquisition of oncology assets might help address this risk.

Similar Companies

  • TEVA
  • PFE
  • MRK
  • SNY

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Analyst Reports
  • Company Press Releases
  • Industry Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Corcept Therapeutics Incorporated

Exchange NASDAQ
Headquaters Redwood City, CA, United States
IPO Launch date 2004-04-14
Co-Founder, President, CEO & Director Dr. Joseph K. Belanoff M.D.
Sector Healthcare
Industry Biotechnology
Full time employees 500
Full time employees 500

Corcept Therapeutics Incorporated engages in discovery and development of medication for the treatment of severe endocrinologic, oncologic, metabolic, and neurologic disorders in the United States. It offers Korlym tablets medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous cushing's syndrome; and who have type 2 diabetes mellitus or glucose intolerance and have failed surgery or are not candidates for surgery. The company is also developing relacorilant, which is in phase III clinical trial for the treatment of hypercortisolism; relacorilant combined with nab-paclitaxel which is in phase III clinical trial to treat platinum-resistant ovarian tumors; treatment for adrenal cancer and cortisol excess which is in phase 1b clinical trial; and for treatment for prostate cancer which is in phase II clinical trial. In addition, it develops dazucorilant, which is in phase II clinical trial for the treatment of amyotrophic lateral sclerosis; and miricorilant, which is in phase IIb trial for the treatment of metabolic dysfunction-associated steatohepatitis. The company was incorporated in 1998 and is headquartered in Redwood City, California.

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