Tekla Life Sciences Investors

HQL

Asset Management · Financial Services

Price

$22.38

+0.30 (+1.36%)

Market Cap

$680.5M

Exchange

New York Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Exceptional

Growth

Good

Cash Flow

Weak

Stability

Good

Valuation

Good

Dividends

Strong

Track this stock — start free trial

Share count rising — dilution

+19.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 24.3M (2021) → 28.9M (2025)

Winston Score History

The full picture

Tekla Life Sciences Investors is a closed-end fund that pools money from individual and institutional investors and uses it to buy stocks in life sciences companies. Its portfolio focuses on businesses in biotechnology, pharmaceuticals, and medical devices. The fund is managed by Tekla Capital Management, which specializes entirely in healthcare and life science investing.

The fund makes money by collecting management fees and generating returns through dividends, interest, and capital gains from its holdings. It trades on the New York Stock Exchange under the ticker HQL and has a market capitalization of roughly $600 million. Because it is a closed-end fund, it issues a fixed number of shares, which means its share price can trade at a discount or premium to the actual value of its underlying holdings. The main risk is that the life sciences sector is highly sensitive to clinical trial results, drug approval decisions by the FDA, and changes in healthcare policy, all of which can cause sharp swings in portfolio value.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+164.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+231.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

9.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

$562M cash & investments at current burn rate

Revenue accelerating

Tekla Life Sciences Investors grew revenue 164% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

93.5%

Premium pricing power — 93.5% gross margin

Profit after running costs

Operating Margin

135.9%

Excellent — 135.9% operating margin

Return on the money invested

ROCE

35.3%

Exceptional — 35.3% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+196.8%

Fast-growing sales (+196.8% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

-1%

Weak — only -1% of profit becomes cash

Spare cash per sale

FCF Margin

-4.2%

Burning cash (-4.2%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

3.3x

Attractive valuation — P/E 3.3

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

10.11%

Healthy income — 10.11% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+7.9%

Dividend growing modestly (7.9% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial