Denali Therapeutics Inc.

Denali Therapeutics Inc.

DNLIยทNASDAQ

$19.66

-3.7%
HealthcareBiotechnology

Denali Therapeutics Inc., a biopharmaceutical company, discovers and develops therapeutic candidates for neurodegenerative diseases in the United States. It offers leucine-rich repeat kinase 2 (LRRK2) inhibitor product candidate, including BIIB122/DNL151, a small molecule inhibitor, which is in phase I and phase Ib clinical trials for the treatment of Parkinson's disease. The company also develops DNL310 that is in Phase I/II clinical trials for the treatment of hunter syndrome; DNL343, which is in phase 1 clinical trial the treatment of amyotrophic lateral sclerosis (ALS); AR443820/DNL788 completed a phase I clinical trial for the treatment of ALS, multiple sclerosis (MS), and Alzheimer's disease; and SAR443122/DNL758, which is in phase II clinical trial for the treatment of cutaneous lupus erythematosus. It has collaboration agreement with Takeda Pharmaceutical Company, Genentech, Inc., Sanofi, F-star Gamma Limited, F-star Biotechnologische Forschungs-Und Entwicklungsges M.B.H, F-star Biotechnology Limited, SIRION Biotech GmbH, Genzyme Corporation, Harvard University, the Michael J. Fox Foundation, and Centogene; and a research and option agreement with Secarna Pharmaceuticals GmbH & Co. KG. to develop antisense therapies in the field of neurodegenerative diseases. The company was formerly known as SPR Pharma Inc. and changed its name to Denali Therapeutics Inc. in March 2015. Denali Therapeutics Inc. was incorporated in 2013 and is headquartered in South San Francisco, California.

At a Glance

Live Snapshot
Market Cap$3.12B
EPS-2.9700
P/E Ratio-6.62
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -6.6).

Valuation inputs: P/E -6.6, earnings yield N/A, momentum -3.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -50.6%, ROIC -52.6%).

Profitability stack: net margin 0.0%, ROE -50.6%, ROIC -52.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +11.5%, momentum -3.7%, net margin 0.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Denali Therapeutics Inc. Market vs Earnings Trajectory

DNLI ยท NASDAQ

Loading price and EPS data...

Denali Therapeutics Inc.

Denali Therapeutics Inc. Fair Value Envelope

DNLI ยท NASDAQ

Our analysis suggests that DNLI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $19.66, this represents a potential HIDDEN relative to our calculated worth for Denali Therapeutics Inc..

Intrinsic Value
Current Price: $19.66
3Y+14.0%
5Y-557.0%
10Y-78.0%
3Y-100.0%
5Y-100.0%
10Y-
3Y+57.0%
5Y-821.0%
10Y+491.0%
3Y+69.0%
5Y-199.0%
10Y+470.0%
3Y+61.0%
5Y-202.0%
10Y+438.0%
3Y-22.0%
5Y-29.0%
10Y+322.0%
Denali Therapeutics Inc.

Denali Therapeutics Inc. Profit Bridge

DNLI ยท NASDAQ
Revenue0.00
Cost of Goods Sold (11.18M)
Gross Profit-11.18M
Operating Expenses (544.16M)
Operating Income-555.34M
Interest Expense (0.00)
Other Income/Expense42.90M
Pretax Income-512.44M
Income Tax (102.00K)
Net Income-512.54M
Net Income
-512.54M

Profitability Analysis

0.00%
Gross Profit Margin
3Y-100.0%
5Y-100.0%
10Y-
0.00%
Operating Profit Margin
3Y-100.0%
5Y-100.0%
10Y-
0.00%
Net Profit Margin
3Y-100.0%
5Y-100.0%
10Y-
-50.56%
Return on Equity
47%
3Y+62.0%
5Y-918.0%
10Y+49.0%
-44.77%
Return on Assets
46%
3Y+101.0%
5Y-1110.0%
10Y+40.0%
-52.59%
Return on Invested Capital
39%
3Y+70.0%
5Y-1404.0%
10Y+58.0%
DNLI

Denali Therapeutics Inc. Cash Conversion Engine

DNLI ยท NASDAQ
Net Income-512.54M
Depreciation & Amortization14.81M
Stock-Based Compensation99.63M
Change in Working Capital149.00K
Others-14.65M
Capital Expenditures-9.50M
Free Cash Flow-422.10M

Cash Flow Quality Analysis

FCF Conversion Rate

82.4%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-2.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-16.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$149.00K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Denali Therapeutics Inc. Funding & Solvency Profile

DNLI ยท NASDAQ
Cash & Cash Equivalents387.63M
Net Receivables0.00
Inventory0.00
Other Current Assets35.07M
Total Current Assets1 B
Property, Plant & Equipment117.27M
Goodwill & Intangible Assets36.00M
Long-Term Investments0.00
Other Non-Current Assets90.00M
Total Non-Current Assets207 M
Total Assets
1.27B

Financial Health Analysis

Current Ratio

9.28x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.37x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

913 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

81% Current

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.

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Denali Therapeutics Inc. Street Expectations Map

DNLI ยท NASDAQ

Wall Street analysts project that DNLI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 30.80, with estimates ranging from a low of 23.00 to a high of 40.00.

Lowest Target
23.00
16.99%
Consensus Target
30.80
56.66%
Highest Target
40.00
103.46%

The consensus 1-year price target stands at 30.80, with estimates ranging from a low of 23.00 to a high of 40.00.

Analyst Consensus Analysis

Upside Potential

+56.7%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

55.2% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

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.

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Denali Therapeutics Inc. Insider Positioning

DNLI ยท NASDAQ

During the last 12 months, insiders have purchased $21K and sold $8.39M worth of DNLI shares, resulting in $8.36M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

2.1M

20.95K

Sold

52.4K

864.86K

Net Activity

-844K

-$844K

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

502.0K

7.52M

Net Activity

-7.5M

-$7.52M

Top Buyers

1
BBAL

Baker Bros. Advisors Lp

Director

2.1M sharesโ€ข1 transactions

$21K

Top Sellers

1
WRJ

Watts Ryan J.

Director, Officer: President And Ceo

530.5K sharesโ€ข2 transactions

$8.01M

2
SAO

Schuth Alexander O.

Officer: Cofo And Secretary

20.2K sharesโ€ข2 transactions

$324K

3
HC

Ho Carole

Officer: Chief Medical Officer

3.7K sharesโ€ข2 transactions

$52K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $8.36M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

3 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

DNLI has not reported any dividend yield values in the available annual periods.

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dnli Dividend History

DNLI
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%