MacroGenics, Inc.

MacroGenics, Inc.

MGNX·NASDAQ

$4.34

+7.3%
HealthcareBiotechnology

MacroGenics, Inc., a biopharmaceutical company, develops and commercializes antibody-based therapeutics to treat cancer in the United States. Its approved product is MARGENZA (margetuximab-cmkb), a human epidermal growth factor receptor 2 (HER2) receptor antagonist indicated, in combination with chemotherapy, for the treatment of adult patients with metastatic HER2-positive breast cancer who have received two or more prior anti-HER2 regimens. The company's pipeline of immuno-oncology product candidates includes MGC018, an antibody drug conjugate (ADC), which targets solid tumors expressing B7-H3; Enoblituzumab, a monoclonal antibody that targets B7-H3; and MGD024, an investigational bispecific CD123 × CD3 DART molecule to minimize cytokine-release syndrome for patients with hematologic malignancies. It also develops Lorigerlimab, a monoclonal antibody that targets the immune checkpoints PD-1 and cytotoxic T-lymphocyte-associated protein 4; Tebotelimab, an investigational tetravalent DART molecule for PD-1 and lymphocyte-activation gene 3; Retifanlimab, an investigational monoclonal antibody targeting metastatic squamous cell carcinoma of the anal canal and metastatic non-small cell lung cancer; and IMGC936, an ADC that targets ADAM9, a cell surface protein over-expressed in various solid tumor types. Further, the company develops MGD014 and MGD020, a DART molecule to target the envelope protein of human immunodeficiency virus infected cells and CD3 on T cells; Teplizumab for the treatment of type 1 diabetes; and PRV-3279, a CD32B × CD79B DART molecule for the treatment of autoimmune indications. It has collaborations with Incyte Corporation; Zai Lab Limited; I-Mab Biopharma; and Janssen Biotech, Inc. The company was incorporated in 2000 and is headquartered in Rockville, Maryland.

At a Glance

Live Snapshot
Market Cap$276.18M
EPS-1.1800
P/E Ratio-3.68
Earnings Date08/11/2026
MacroGenics, Inc.

MacroGenics, Inc. Fair Value Envelope

MGNX · NASDAQ

Our analysis suggests that MGNX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.345, this represents a potential HIDDEN relative to our calculated worth for MacroGenics, Inc..

Intrinsic Value
Current Price: $4.345

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-$272.4M
+ Cash & Equivalents$57.2M
Firm Value-$215.2M
- Debt$106.8M
Equity Value-$322.0M
/ Shares Outstanding63,205,703B
DCF Value-$5
OVERVALUED BY 217%

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
-$68.8M
-$58.4M
-$49.6M
-$42.1M
-$35.8M
-$30.4M
-$25.8M
-$21.9M
-$18.6M
-$15.8M
Maintenance CapEx
-$325.0K
-$276.0K
-$234.4K
-$199.0K
-$169.0K
-$143.5K
-$121.8K
-$103.5K
-$87.8K
-$74.6K
Owner Earnings
-$69.1M
-$58.7M
-$49.8M
-$42.3M
-$35.9M
-$30.5M
-$25.9M
-$22.0M
-$18.7M
-$15.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$64.0M
-$50.3M
-$39.6M
-$31.1M
-$24.5M
-$19.2M
-$15.1M
-$11.9M
-$9.3M
-$7.3M
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.