Annexon, Inc.
$5.26
+2.5%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 SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
Medium confidenceValuation multiple is compressed (P/E -3.8).
Valuation inputs: P/E -3.8, earnings yield N/A, momentum +2.5%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is soft (ROE -97.7%, ROIC -91.0%).
Profitability stack: net margin 0.0%, ROE -97.7%, ROIC -91.0%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceRisk profile is balanced but has notable pressure points to monitor.
Risk factors: liabilities/assets +23.7%, momentum +2.5%, net margin 0.0%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
Annexon, Inc. Market vs Earnings Trajectory
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Annexon, Inc. Fair Value Envelope
No Revenue Data
ANNX has not reported any revenue values in the available annual periods.
Annexon, Inc. Profit Bridge
Profitability Analysis
No Gross Profit Margin Data
ANNX has not reported any gross profit margin values in the available annual periods.
No Operating Profit Margin Data
ANNX has not reported any operating profit margin values in the available annual periods.
No Net Profit Margin Data
ANNX has not reported any net profit margin values in the available annual periods.
Annexon, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Annexon, Inc. Funding & Solvency Profile
Financial Health Analysis
Current Ratio
Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.
Debt-to-Equity Ratio
Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.
Working Capital
Strong working capital position provides significant operational flexibility and financial cushion.
Asset Composition
Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.
Financial Health Insight
Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.
Annexon, Inc. Street Expectations Map
Wall Street analysts project that ANNX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 11.50, with estimates ranging from a low of 7.00 to a high of 16.00.
The consensus 1-year price target stands at 11.50, with estimates ranging from a low of 7.00 to a high of 16.00.
Analyst Consensus Analysis
Upside Potential
Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.
Analyst Agreement
High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.
Analyst Conviction
High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.
Market Sentiment Insight
High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.
Annexon, Inc. Insider Positioning
During the last 12 months, insiders have purchased $13.33M and sold $321K worth of ANNX shares, resulting in $13.01M of net buying activity.
3 Months
637.5K
3.46M
0
0.00
+3.5M
+$3.46M
3-6 Months
4.1K
20.66K
59.7K
313.42K
-293K
-$293K
6-9 Months
2.4M
8.84M
0
0.00
+8.8M
+$8.84M
9-12 Months
397.3K
1.01M
3.1K
7.99K
+1.0M
+$1.00M
Top Buyers
Satter Muneer A
Director
$12.12M
Carson William H.
Director
$375K
Choi Jung
Director
$279K
Waddill William D.
Director
$140K
Jones William A Jr
Director
$140K
Top Sellers
Yednock Ted
Officer: Evp & Chief Innovation Officer
$73K
Lew Jennifer
Officer: Evp & Chief Financial Officer
$73K
Artis Dean Richard
Officer: Evp & Chief Scientific Officer
$59K
Dananberg Jamie
Officer: Chief Medical Officer
$59K
Overdorf Michael
Officer: Evp & Chief Business Officer
$57K
Insider Activity Analysis
Net Insider Sentiment
Strong bullish signal with $13.01M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.
Buy/Sell Ratio
Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.
Recent Trend (3 Months)
Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.
Insider Participation
5 insider buyers and 5 sellers. Equal participation suggests mixed or neutral insider views.
Insider Activity Insight
Strong confluence of bullish signals: High buy/sell ratio, multiple insiders participating, and recent buying momentum all point to significant insider confidence. This level of coordinated buying often precedes positive developments.
annx Dividend History
Learning Layer
Related Guides
Build conviction on ANNX by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.