Exact Sciences Corporation

Exact Sciences Corporation

EXASยทNASDAQ

$104.91

+0.0000%
HealthcareMedical - Diagnostics & Research

Exact Sciences Corporation provides cancer screening and diagnostic test products in the United States and internationally. The company offers Cologuard, a non-invasive stool-based DNA screening test to detect DNA and hemoglobin biomarkers associated with colorectal cancer and pre-cancer. It also provides Oncotype DX, a gene expression tests for breast, prostate, and colon cancers; Oncotype Test, a tissue test delivering tumor profiling to aid therapy selection for patients with advanced, metastatic, refractory, or recurrent cancer; Oncotype DX AR-V7 Nucleus Detect Test, a liquid-based test for advanced stage prostate cancer; Oncomap ExTra, that provides a complete biological picture of certain refractory, rare, or aggressive cancers; and Covid-19 testing services. The company's pipeline products focus on enhancing the Cologuard test's performance characteristics and developing blood and other fluid-based tests. It has license agreements with MAYO Foundation for Medical Education and Research; and Hologic, Inc. Exact Sciences Corporation was incorporated in 1995 and is headquartered in Madison, Wisconsin.

At a Glance

Live Snapshot
Market Cap$20.03B
EPS-1.1000
P/E Ratio-95.37
Earnings Date04/29/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -95.4).

Valuation inputs: P/E -95.4, earnings yield N/A, momentum 0.0%.

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

Driver

High confidence

Return profile is soft (ROE -8.7%, ROIC -1.9%).

Profitability stack: net margin -6.4%, ROE -8.7%, ROIC -1.9%.

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 +59.0%, momentum 0.0%, net margin -6.4%.

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

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Exact Sciences Corporation Market vs Earnings Trajectory

EXAS ยท NASDAQ

Loading price and EPS data...

Exact Sciences Corporation

Exact Sciences Corporation Fair Value Envelope

EXAS ยท NASDAQ

Our analysis suggests that EXAS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $104.91, this represents a potential HIDDEN relative to our calculated worth for Exact Sciences Corporation.

Intrinsic Value
Current Price: $104.91
3Y-69.0%
5Y-80.0%
10Y-33.0%
3Y+56.0%
5Y+118.0%
10Y+3167.0%
3Y-67.0%
5Y-75.0%
10Y+24.0%
3Y-320.0%
5Y+260.0%
10Y-478.0%
3Y-181.0%
5Y+395.0%
10Y-346.0%
3Y-6.0%
5Y+19.0%
10Y+1454.0%
Exact Sciences Corporation

Exact Sciences Corporation Profit Bridge

EXAS ยท NASDAQ
Revenue3.25B
Cost of Goods Sold (984.15M)
Gross Profit2.26B
Operating Expenses (2.36B)
Operating Income-99.08M
Interest Expense (32.87M)
Other Income/Expense-104.81M
Pretax Income-203.89M
Income Tax (4.06M)
Net Income-207.95M
Net Income
-207.95M

Profitability Analysis

Gross Margin

69.7%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-3.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-6.4%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

69.69%
Gross Profit Margin
3Y+2.0%
5Y-9.0%
10Y+28.0%
-3.05%
Operating Profit Margin
-92%
3Y-89.0%
5Y-94.0%
10Y-98.0%
-6.40%
Net Profit Margin
-83%
3Y-79.0%
5Y-88.0%
10Y-96.0%
-8.66%
Return on Equity
-80%
3Y-58.0%
5Y-76.0%
10Y-83.0%
-3.55%
Return on Assets
-80%
3Y-65.0%
5Y-79.0%
10Y-92.0%
-1.88%
Return on Invested Capital
-90%
3Y-81.0%
5Y-89.0%
10Y-96.0%
EXAS

Exact Sciences Corporation Cash Conversion Engine

EXAS ยท NASDAQ
Net Income-207.95M
Depreciation & Amortization221.58M
Stock-Based Compensation217.67M
Change in Working Capital121.83M
Others139.86M
Capital Expenditures-134.66M
Free Cash Flow356.78M

Cash Flow Quality Analysis

FCF Conversion Rate

-171.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

27.4%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+378.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$121.83M

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

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Exact Sciences Corporation Funding & Solvency Profile

EXAS ยท NASDAQ
Cash & Cash Equivalents956.00M
Net Receivables298.65M
Inventory166.20M
Other Current Assets0.00
Total Current Assets1 B
Property, Plant & Equipment831.00M
Goodwill & Intangible Assets3.29B
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets831 M
Total Assets
5.86B

Financial Health Analysis

Current Ratio

2.23x

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

Debt-to-Equity Ratio

1.44x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

788 M

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

Asset Composition

24% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Exact Sciences Corporation Street Expectations Map

EXAS ยท NASDAQ

Wall Street analysts project that EXAS stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 103.18, with estimates ranging from a low of 85.00 to a high of 105.00.

Lowest Target
85.00
-18.98%
Consensus Target
103.18
-1.65%
Highest Target
105.00
0.09%

The consensus 1-year price target stands at 103.18, with estimates ranging from a low of 85.00 to a high of 105.00.

Analyst Consensus Analysis

Upside Potential

-1.6%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

19.4% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

0.00x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

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Exact Sciences Corporation Insider Positioning

EXAS ยท NASDAQ

During the last 12 months, insiders have sold $1.97M worth of EXAS shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

25.9K

1.74M

Net Activity

-1.7M

-$1.74M

9-12 Months

Bought

0

0.00

Sold

4.7K

233.01K

Net Activity

-233K

-$233K

Top Buyers

No buying activity

Top Sellers

1
ZKS

Zanotti Katherine S

Director

15.2K sharesโ€ข2 transactions

$951K

2
OJA

Orville Jacob A

Officer: Evp, Gm, Screening

5.0K sharesโ€ข1 transactions

$375K

3
HJ

Herriott James

Officer: Svp, General Counsel & Sec

4.0K sharesโ€ข3 transactions

$265K

4
BB

Baranick Brian

Officer: Evp, Gm, Precision Oncology

2.9K sharesโ€ข1 transactions

$200K

5
DJE

Doyle James Edward

Director

3.5K sharesโ€ข2 transactions

$182K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.97M 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

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
3Y-
5Y-100.0%
10Y-
ย 

exas Dividend History

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