Ionis Pharmaceuticals, Inc.

Ionis Pharmaceuticals, Inc.

IONSยทNASDAQ

$73.82

+1.2%
HealthcareBiotechnology

Ionis Pharmaceuticals, Inc. discovers and develops RNA-targeted therapeutics in the United States. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; TEGSEDI, an injection for the treatment of polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults; and WAYLIVRA, a treatment for familial chylomicronemia syndrome and familial partial lipodystrophy. It also develops medicines for various indications that are in phase 3 study, including Eplontersen as a monthly self-administered subcutaneous injection to treat all types of TTR amyloidosis; Olezarsen for patients with severe hypertriglyceridemia (SHTG); Donidalorsen for patients with hereditary angioedema; ION363 for patients with amyotrophic lateral sclerosis; Pelacarsen for patients with established cardiovascular disease and elevated lipoprotein(a); and Tofersen to inhibit the production of superoxide dismutase 1. In addition, the company develops medicines for metabolic diseases, infectious diseases, renal diseases, ophthalmic diseases, and cancer. It has a strategic collaboration with Biogen Inc.; and collaboration and license agreement with AstraZeneca, Bayer AG, GlaxoSmithKline plc, Novartis AG, Roche, Janssen Biotech, Inc., and Flamingo Therapeutics, Inc. Ionis Pharmaceuticals, Inc. was founded in 1989 and is based in Carlsbad, California.

At a Glance

Live Snapshot
Market Cap$12.20B
EPS-2.3800
P/E Ratio-31.02
Earnings Date07/29/2026
Ionis Pharmaceuticals, Inc.

Ionis Pharmaceuticals, Inc. Fair Value Envelope

IONS ยท NASDAQ

Our analysis suggests that IONS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $73.82, this represents a potential HIDDEN relative to our calculated worth for Ionis Pharmaceuticals, Inc..

Intrinsic Value
Current Price: $73.82

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-$16.3B
+ Cash & Equivalents$372.3M
Firm Value-$15.9B
- Debt$2.6B
Equity Value-$18.5B
/ Shares Outstanding158,908,297B
DCF Value-$117
OVERVALUED BY 258%

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
-$379.8M
-$537.1M
-$759.5M
-$1.1B
-$1.5B
-$2.1B
-$3.0B
-$4.3B
-$6.1B
-$8.6B
Maintenance CapEx
-$14.5M
-$20.6M
-$29.1M
-$41.1M
-$58.2M
-$82.3M
-$116.3M
-$164.5M
-$232.7M
-$329.0M
Owner Earnings
-$394.4M
-$557.7M
-$788.6M
-$1.1B
-$1.6B
-$2.2B
-$3.2B
-$4.5B
-$6.3B
-$8.9B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$365.1M
-$478.1M
-$626.0M
-$819.7M
-$1.1B
-$1.4B
-$1.8B
-$2.4B
-$3.2B
-$4.1B
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.