$10.77
+2.1%Keros Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel treatments for patients suffering from hematological and musculoskeletal disorders with high unmet medical need. The company's lead protein therapeutic product candidate is KER-050, which is being developed for the treatment of low blood cell counts, or cytopenias, including anemia and thrombocytopenia in patients with myelodysplastic syndromes, and in patients with myelofibrosis. It is also developing small molecule product candidate KER-047 that is being developed for the treatment of anemia, and is currently in Phase 1 clinical trial; and KER-012, which is in Phase 1 clinical trial to treat disorders associated with bone loss, such as osteoporosis and osteogenesis imperfecta, and for the treatment of pulmonary arterial hypertension. The company was incorporated in 2015 and is headquartered in Lexington, Massachusetts.
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 | $215.0M | $430.0M | $860.0M | $1.7B | $3.4B | $6.9B | $13.8B | $27.5B | $55.0B | $110.1B |
| Maintenance CapEx | -$620.4K | -$1.2M | -$2.5M | -$5.0M | -$9.9M | -$19.9M | -$39.7M | -$79.4M | -$158.8M | -$317.6M |
| Owner Earnings | $214.4M | $428.8M | $857.6M | $1.7B | $3.4B | $6.9B | $13.7B | $27.4B | $54.9B | $109.8B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $198.5M | $367.6M | $680.8M | $1.3B | $2.3B | $4.3B | $8.0B | $14.8B | $27.5B | $50.8B |
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