Apellis Pharmaceuticals, Inc.

Apellis Pharmaceuticals, Inc.

APLSยทNASDAQ

$41.03

-0.073%
HealthcareBiotechnology

Apellis Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases. The company's lead product candidate is pegcetacoplan that is in Phase III clinical trials for the treatment of geographic atrophy (GA) in age-related macular degeneration and paroxysmal nocturnal hemoglobinuria (PNH) diseases. It also develops EMPAVELI (systemic pegcetacoplan) for the treatment of cold agglutinin disease (CAD), and hematopoietic stem cell transplantation-associated thrombotic microangiopathy (HSCT-TMA) in hematology; C3 glomerulopathy (C3G), and immune complex membranoproliferative glomerulonephritis (IC-MPGN) in nephrology; and amyotrophic lateral sclerosis (ALS) in neurology. In addition, the company develops APL-2006, a bispecific C3 and VEGF inhibitor for treating complement-mediated disorders; APL-1030, a C3 inhibitor for the treatment of multiple neurodegenerative diseases; and the combination of EMPAVELI and a small interfering RNA, or siRNA for reducing the production of C3 proteins by the liver. It has a collaboration and license agreement with Swedish Orphan Biovitrum AB (publ) to co-develop pegcetacoplan; and a research collaboration with Beam Therapeutics Inc. focused on the use of Beam's base editing technology to discover new treatments for complement-driven diseases. Apellis Pharmaceuticals, Inc. was incorporated in 2009 and is based in Waltham, Massachusetts.

At a Glance

Live Snapshot
Market Cap$5.25B
EPS0.1800
P/E Ratio227.94
Earnings Date07/30/2026
Apellis Pharmaceuticals, Inc.

Apellis Pharmaceuticals, Inc. Fair Value Envelope

APLS ยท NASDAQ

Our analysis suggests that APLS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $41.03, this represents a potential HIDDEN relative to our calculated worth for Apellis Pharmaceuticals, Inc..

Intrinsic Value
Current Price: $41.03

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$411.6B
+ Cash & Equivalents$467.8M
Firm Value$412.0B
- Debt$486.3M
Equity Value$411.5B
/ Shares Outstanding126,525,218B
DCF Value$3.3K
UNDERVALUED BY 7827%

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
$90.7M
$181.3M
$362.6M
$725.2M
$1.5B
$2.9B
$5.8B
$11.6B
$23.2B
$46.4B
Maintenance CapEx
-$125.2K
-$250.4K
-$500.8K
-$1.0M
-$2.0M
-$4.0M
-$8.0M
-$16.0M
-$32.1M
-$64.1M
Owner Earnings
$90.5M
$181.1M
$362.1M
$724.2M
$1.4B
$2.9B
$5.8B
$11.6B
$23.2B
$46.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$83.8M
$155.2M
$287.5M
$532.3M
$985.8M
$1.8B
$3.4B
$6.3B
$11.6B
$21.5B
Terminal Value represents 88.7% of Enterprise Value