Exelixis, Inc.

Exelixis, Inc.

EXELยทNASDAQ

$51.60

+6.3%
HealthcareBiotechnology

Exelixis, Inc., an oncology-focused biotechnology company, focuses on the discovery, development, and commercialization of new medicines to treat cancers in the United States. The company's products include CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of patients with progressive and metastatic medullary thyroid cancer. Its CABOMETYX and COMETRIQ are derived from cabozantinib, an inhibitor of multiple tyrosine kinases, including MET, AXL, RET, and VEGF receptors. The company also offers COTELLIC, an inhibitor of MEK as a combination regimen to treat advanced melanoma; and MINNEBRO, an oral non-steroidal selective blocker of the mineralocorticoid receptor for the treatment of hypertension in Japan. In addition, it is developing XL092, an oral tyrosine kinase inhibitor that targets VEGF receptors, MET, AXL, MER, and other kinases implicated in growth and spread of cancer; XB002, an antibody-drug conjugate composed of human mAb against tissue factor (TF) for the treatment of advanced solid tumors; XL102, an orally bioavailable cyclin-dependent kinase 7 (CDK7) inhibitor for the treatment of advanced or metastatic solid tumors; and XB002 for the treatment of non-hodgkin's lymphoma. Exelixis, Inc. has research collaborations and license agreements with Ipsen Pharma SAS; Takeda Pharmaceutical Company Ltd.; F. Hoffmann-La Roche Ltd.; Redwood Bioscience, Inc.; R.P. Scherer Technologies, LLC; Catalent Pharma Solutions, Inc.; NBE Therapeutics AG; Aurigene Discovery Technologies Limited; Iconic Therapeutics, Inc.; Invenra, Inc.; StemSynergy Therapeutics, Inc.; Genentech, Inc.; Bristol-Myers Squibb Company; and Daiichi Sankyo Company, Limited. The company was formerly known as Exelixis Pharmaceuticals, Inc. and changed its name to Exelixis, Inc. in February 2000. Exelixis, Inc. was incorporated in 1994 and is headquartered in Alameda, California.

At a Glance

Live Snapshot
Market Cap$12.97B
EPS2.8800
P/E Ratio15.12
Earnings Date07/27/2026
Exelixis, Inc.

Exelixis, Inc. Fair Value Envelope

EXEL ยท NASDAQ

Our analysis suggests that EXEL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $51.6, this represents a potential HIDDEN relative to our calculated worth for Exelixis, Inc..

Intrinsic Value
Current Price: $51.6

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$154.6B
+ Cash & Equivalents$482.5M
Firm Value$155.1B
- Debt$173.0M
Equity Value$154.9B
/ Shares Outstanding268,113,636B
DCF Value$578
UNDERVALUED BY 1020%

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
$1.2B
$1.6B
$2.1B
$2.8B
$3.7B
$4.9B
$6.6B
$8.8B
$11.7B
$15.6B
Maintenance CapEx
-$10.6M
-$14.2M
-$18.9M
-$25.2M
-$33.5M
-$44.6M
-$59.5M
-$79.2M
-$105.6M
-$140.6M
Owner Earnings
$1.2B
$1.6B
$2.1B
$2.8B
$3.7B
$4.9B
$6.5B
$8.7B
$11.6B
$15.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.1B
$1.3B
$1.6B
$2.0B
$2.5B
$3.1B
$3.8B
$4.7B
$5.8B
$7.1B
Terminal Value represents 78.6% of Enterprise Value