Accuray Incorporated

Accuray Incorporated

ARAYยทNASDAQ

$0.48

+3.5%
HealthcareMedical - Devices

Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the United States, Canada, Latin America, Australia, New Zealand, Europe, the Middle East, India, Africa, Japan, China, and rest of the Asia Pacific region. It offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of primary and metastatic tumors outside the brain, including tumors on or near the spine and in the breast, kidney, liver, lung, pancreas, and prostate. The company also provides the TomoTherapy System, including the Radixact System, which allows for integrated radiation treatment planning, delivery, and data management, enabling clinicians to deliver ultra-precise treatments to approximately 50 patients per day; iDMS data management system, a fully integrated treatment planning and data management systems; and Accuray precision treatment planning system, a treatment planning and data management systems. In addition, it offers post-contract customer support, installation, training, and other professional services. The company primarily markets its products directly to customers, including hospitals and stand-alone treatment facilities through its sales organization, as well as to customers through sales agents and group purchasing organizations in the United States; and to customers directly and through distributors and sales agents internationally. Accuray Incorporated was incorporated in 1990 and is headquartered in Madison, Wisconsin.

At a Glance

Live Snapshot
Market Cap$56.66M
EPS-0.0155
P/E Ratio-88.49
Earnings Date08/19/2026
Accuray Incorporated

Accuray Incorporated Fair Value Envelope

ARAY ยท NASDAQ

Our analysis suggests that ARAY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $0.477, this represents a potential HIDDEN relative to our calculated worth for Accuray Incorporated.

Intrinsic Value
Current Price: $0.477

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$1.5B
+ Cash & Equivalents$57.4M
Firm Value$1.5B
- Debt$176.4M
Equity Value$1.3B
/ Shares Outstanding112,651,500B
DCF Value$12
UNDERVALUED BY 2380%

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
$4.7M
$7.6M
$12.5M
$20.4M
$33.4M
$54.6M
$89.2M
$145.9M
$238.5M
$389.9M
Maintenance CapEx
-$2.8M
-$4.6M
-$7.4M
-$12.2M
-$19.9M
-$32.5M
-$53.2M
-$86.9M
-$142.1M
-$232.4M
Owner Earnings
$1.9M
$3.1M
$5.0M
$8.3M
$13.5M
$22.1M
$36.1M
$58.9M
$96.3M
$157.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.7M
$2.6M
$4.0M
$6.1M
$9.2M
$13.9M
$21.0M
$31.8M
$48.2M
$73.0M
Terminal Value represents 85.4% of Enterprise Value