$33.87
-8.2%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.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
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 |
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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