Annexon, Inc.

Annexon, Inc.

ANNX·NASDAQ

$5.39

+2.5%
HealthcareBiotechnology

Annexon, Inc., a clinical-stage biopharmaceutical company, discovers and develops therapeutics for autoimmune, neurodegenerative, and ophthalmic disorders. The company's C1q is an initiating molecule of the classical complement pathway that targets distinct disease processes, such as antibody-mediated autoimmune disease and complement-mediated neurodegeneration. Its product candidates include ANX005, a monoclonal antibody, which is in Phase II/III clinical trials to treat patients with guillain- barré syndrome; Phase II trial in patients with warm autoimmune hemolytic anemia; and Phase II clinical trial for Huntington's disease and amyotrophic lateral sclerosis. The company is also developing ANX009 that is in Phase Ib trial in patients with lupus nephritis; and ANX007, which is in Phase II clinical trials to treat patients with geographic atrophy. In addition, it develops ANX105, an investigational monoclonal antibody targeting neurodegenerative indications; and ANX1502, an investigational oral small molecule for the treatment of certain autoimmune indications. The company was incorporated in 2011 and is headquartered in Brisbane, California.

At a Glance

Live Snapshot
Market Cap$644.62M
EPS-1.3400
P/E Ratio-4.02
Earnings Date08/13/2026
Annexon, Inc.

Annexon, Inc. Fair Value Envelope

ANNX · NASDAQ

Our analysis suggests that ANNX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $5.39, this represents a potential HIDDEN relative to our calculated worth for Annexon, Inc..

Intrinsic Value
Current Price: $5.39

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-$160.6M
+ Cash & Equivalents$162.1M
Firm Value$1.4M
- Debt$26.2M
Equity Value-$24.8M
/ Shares Outstanding109,882,377B
DCF Value-$0
OVERVALUED BY 104%

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
-$93.2M
-$46.6M
-$23.3M
-$11.6M
-$5.8M
-$2.9M
-$1.5M
-$728.0K
-$364.0K
-$182.0K
Maintenance CapEx
-$13.7K
-$6.9K
-$3.4K
-$1.7K
-$856
-$428
-$214
-$107
-$54
-$27
Owner Earnings
-$93.2M
-$46.6M
-$23.3M
-$11.6M
-$5.8M
-$2.9M
-$1.5M
-$728.1K
-$364.0K
-$182.0K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$86.3M
-$39.9M
-$18.5M
-$8.6M
-$4.0M
-$1.8M
-$849.6K
-$393.3K
-$182.1K
-$84.3K
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.