MacroGenics, Inc.

MacroGenics, Inc.

MGNX·NASDAQ

$4.05

+3.7%
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$257.43M
EPS-1.1800
P/E Ratio-1.36
Earnings Date08/11/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -1.4).

Valuation inputs: P/E -1.4, earnings yield N/A, momentum +3.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -1.3%, ROIC -33.0%).

Profitability stack: net margin -49.9%, ROE -1.3%, ROIC -33.0%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +78.4%, momentum +3.7%, net margin -49.9%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

mgnx

MacroGenics, Inc. Market vs Earnings Trajectory

MGNX · NASDAQ

Loading price and EPS data...

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 $4.05, this represents a potential HIDDEN relative to our calculated worth for MacroGenics, Inc..

Intrinsic Value
Current Price: $4.05
3Y-39.0%
5Y-48.0%
10Y-30.0%
3Y-
5Y+53.0%
10Y+73.0%
3Y-38.0%
5Y-42.0%
10Y+27.0%
3Y-7.0%
5Y-28.0%
10Y+86.0%
3Y-8.0%
5Y-30.0%
10Y+51.0%
3Y-11.0%
5Y-32.0%
10Y-17.0%
MacroGenics, Inc.

MacroGenics, Inc. Profit Bridge

MGNX · NASDAQ
Revenue149.50M
Cost of Goods Sold (43.18M)
Gross Profit106.32M
Operating Expenses (179.16M)
Operating Income-72.84M
Interest Expense (8.51M)
Other Income/Expense-2.45M
Pretax Income-75.29M
Income Tax (-672.00K)
Net Income-74.62M
Net Income
-74.62M

Profitability Analysis

Gross Margin

71.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-48.7%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-49.9%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

71.12%
Gross Profit Margin
-22%
3Y-25.0%
5Y-29.0%
10Y-29.0%
-48.72%
Operating Profit Margin
-35%
3Y-40.0%
5Y-64.0%
10Y-30.0%
-49.91%
Net Profit Margin
11%
3Y-37.0%
5Y-62.0%
10Y-26.0%
-134.23%
Return on Equity
133%
3Y+59.0%
5Y+206.0%
10Y+516.0%
-29.05%
Return on Assets
14%
3Y-30.0%
5Y-15.0%
10Y+55.0%
-32.98%
Return on Invested Capital
-34%
3Y-33.0%
5Y-16.0%
10Y+56.0%
MGNX

MacroGenics, Inc. Cash Conversion Engine

MGNX · NASDAQ
Net Income-74.62M
Depreciation & Amortization5.52M
Stock-Based Compensation14.29M
Change in Working Capital-28.33M
Others2.10M
Capital Expenditures-1.91M
Free Cash Flow-82.95M

Cash Flow Quality Analysis

FCF Conversion Rate

111.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-2.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-15.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$28.33M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

mgnx

MacroGenics, Inc. Funding & Solvency Profile

MGNX · NASDAQ
Cash & Cash Equivalents66.52M
Net Receivables10.43M
Inventory9.50M
Other Current Assets8.37M
Total Current Assets183 M
Property, Plant & Equipment33.97M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets1.38M
Total Non-Current Assets35 M
Total Assets
217.87M

Financial Health Analysis

Current Ratio

1.90x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

9.28x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

87 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

84% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

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MacroGenics, Inc. Street Expectations Map

MGNX · NASDAQ

Wall Street analysts project that MGNX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 6.00, with estimates ranging from a low of 6.00 to a high of 6.00.

Lowest Target
6.00
48.15%
Consensus Target
6.00
48.15%
Highest Target
6.00
48.15%

The consensus 1-year price target stands at 6.00, with estimates ranging from a low of 6.00 to a high of 6.00.

Analyst Consensus Analysis

Upside Potential

+48.1%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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MacroGenics, Inc. Insider Positioning

MGNX · NASDAQ

During the last 12 months, insiders have purchased $1.16M worth of MGNX shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

710.0K

1.16M

Sold

0

0.00

Net Activity

+1.2M

+$1.16M

Top Buyers

1
REB

Risser Eric Blasius

Director, Officer: President And Ceo

550.0K shares1 transactions

$913K

2
HWK

Heiden William K

Director

100.0K shares2 transactions

$151K

3
PJS

Peters Jeffrey Stuart

Officer: Senior Vp And General Counsel

30.0K shares1 transactions

$47K

4
ST

Spitznagel Thomas

Officer: Sr Vp, Technical Ops

30.0K shares1 transactions

$47K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $1.16M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Insider Participation

High Buying

4 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

No Dividend Yield Data

MGNX has not reported any dividend yield values in the available annual periods.

 

mgnx Dividend History

MGNX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%