Adaptive Biotechnologies Corporation

Adaptive Biotechnologies Corporation

ADPTยทNASDAQ

$15.99

+5.0%
HealthcareBiotechnology

Adaptive Biotechnologies Corporation, a commercial-stage company, develops an immune medicine platform for the diagnosis and treatment of various diseases. The company offers immunoSEQ, a platform and core immunosequencing product that is used to answer translational research questions, as well as to discover new prognostic and diagnostic signals; and T-Detect COVID for the confirmation of past COVID-19 infection. It also provides clonoSEQ, a clinical diagnostic product for the detection and monitoring of minimal residual disease in patients with multiple myeloma, B cell acute lymphoblastic leukemia, and chronic lymphocytic leukemia, as well as available as a CLIA-validated laboratory developed test for patients with other lymphoid cancers; and immunoSEQ T-MAP COVID for vaccine developers and researchers to measure the T-cell immune response to vaccines. In addition, the company offers a pipeline of clinical products and services that are used for the diagnosing, monitoring, and treatment of diseases, such as cancer, autoimmune conditions, and infectious diseases. It serves the life sciences research, clinical diagnostics, and drug discovery applications. Adaptive Biotechnologies Corporation has strategic collaborations with Genentech, Inc. for the development, manufacture, and commercialization of neoantigen directed T cell therapies for the treatment of a range of cancers; and Microsoft Corporation to develop diagnostic tests for the early detection of various diseases from a single blood test. The company was formerly known as Adaptive TCR Corporation and changed its name to Adaptive Biotechnologies Corporation in December 2011. Adaptive Biotechnologies Corporation was incorporated in 2009 and is headquartered in Seattle, Washington.

At a Glance

Live Snapshot
Market Cap$2.56B
EPS-0.3900
P/E Ratio-41.00
Earnings Date08/04/2026
Adaptive Biotechnologies Corporation

Adaptive Biotechnologies Corporation Fair Value Envelope

ADPT ยท NASDAQ

Our analysis suggests that ADPT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $15.99, this represents a potential HIDDEN relative to our calculated worth for Adaptive Biotechnologies Corporation.

Intrinsic Value
Current Price: $15.99

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$4.4B
+ Cash & Equivalents$70.5M
Firm Value-$4.3B
- Debt$280.6M
Equity Value-$4.6B
/ Shares Outstanding152,631,988B
DCF Value-$30
OVERVALUED BY 288%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$69.2M
-$104.2M
-$156.8M
-$235.9M
-$355.0M
-$534.3M
-$804.2M
-$1.2B
-$1.8B
-$2.7B
Maintenance CapEx
-$890.7K
-$1.3M
-$2.0M
-$3.0M
-$4.6M
-$6.9M
-$10.3M
-$15.6M
-$23.4M
-$35.3M
Owner Earnings
-$70.1M
-$105.5M
-$158.8M
-$239.0M
-$359.6M
-$541.2M
-$814.5M
-$1.2B
-$1.8B
-$2.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$64.9M
-$90.4M
-$126.0M
-$175.6M
-$244.7M
-$341.1M
-$475.3M
-$662.3M
-$922.9M
-$1.3B
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.