Kodiak Sciences Inc.

Kodiak Sciences Inc.

KOD·NASDAQ

$33.87

-8.2%
HealthcareBiotechnology

Kodiak Sciences Inc., a clinical stage biopharmaceutical company, researches, develops, and commercializes therapeutics to treat retinal diseases. Its lead product candidate is KSI-301, an anti-vascular endothelial growth factor antibody biopolymer that is in Phase IIb/III clinical study to treat wet age-related macular degeneration (AMD), as well as for the treatment of diabetic macular edema, naïve macular edema due to retinal vein occlusion, and non-proliferative diabetic retinopathy. The company's preclinical stage product candidate includes KSI-501, a bispecific conjugate to treat retinal diseases with an inflammatory component; and KSI-601, a triplet inhibitor for the treatment of dry AMD. The company was formerly known as Oligasis, LLC and changed its name to Kodiak Sciences Inc. in September 2015. Kodiak Sciences Inc. was incorporated in 2009 and is based in Palo Alto, California.

At a Glance

Live Snapshot
Market Cap$1.79B
EPS-4.3200
P/E Ratio-7.84
Earnings Date08/12/2026
Kodiak Sciences Inc.

Kodiak Sciences Inc. Fair Value Envelope

KOD · NASDAQ

Our analysis suggests that KOD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $33.87, this represents a potential HIDDEN relative to our calculated worth for Kodiak Sciences Inc..

Intrinsic Value
Current Price: $33.87

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-$438.4M
+ Cash & Equivalents$209.9M
Firm Value-$228.6M
- Debt$59.2M
Equity Value-$287.7M
/ Shares Outstanding52,715,080B
DCF Value-$5
OVERVALUED BY 116%

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
-$114.3M
-$96.0M
-$80.7M
-$67.8M
-$57.0M
-$47.9M
-$40.2M
-$33.8M
-$28.4M
-$23.9M
Maintenance CapEx
-$85.0K
-$71.5K
-$60.1K
-$50.5K
-$42.4K
-$35.6K
-$29.9K
-$25.2K
-$21.1K
-$17.8K
Owner Earnings
-$114.4M
-$96.1M
-$80.8M
-$67.9M
-$57.0M
-$47.9M
-$40.3M
-$33.8M
-$28.4M
-$23.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$105.9M
-$82.4M
-$64.1M
-$49.9M
-$38.8M
-$30.2M
-$23.5M
-$18.3M
-$14.2M
-$11.1M
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.