Mersana Therapeutics, Inc.

Mersana Therapeutics, Inc.

MRSNยทNASDAQ

$29.08

+0.0000%
HealthcareBiotechnology

Mersana Therapeutics, Inc., a clinical stage biopharmaceutical company, develops antibody drug conjugates (ADC) for cancer patients with unmet need. It develops XMT-1592, a Dolasynthen ADC targeting NaPi2b-expressing tumor cells, which is in phase I clinical trial for the treatment of ovarian cancer and NSCLC adenocarcinoma. The company also develops XMT-1660, a B7-H4-targeted Dolasynthen ADC candidate; and XMT-2056, an immunosynthen development candidate. It has a strategic research and development partnerships with Merck KGaA and Asana BioSciences, LLC for the development of ADC product candidates utilizing Fleximer. The company was formerly known as Nanopharma Corp. and changed its name to Mersana Therapeutics, Inc. in November 2005. Mersana Therapeutics, Inc. was incorporated in 2001 and is headquartered in Cambridge, Massachusetts.

At a Glance

Live Snapshot
Market Cap$145.36M
EPS-14.1200
P/E Ratio-2.53
Earnings Date03/02/2026
Mersana Therapeutics, Inc.

Mersana Therapeutics, Inc. Fair Value Envelope

MRSN ยท NASDAQ

Our analysis suggests that MRSN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $29.08, this represents a potential HIDDEN relative to our calculated worth for Mersana Therapeutics, Inc..

Intrinsic Value
Current Price: $29.08

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-$8.3B
+ Cash & Equivalents$107.8M
Firm Value-$8.2B
- Debt$28.6M
Equity Value-$8.2B
/ Shares Outstanding4,990,728B
DCF Value-$1.6K
OVERVALUED BY 5764%

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
-$125.0M
-$189.7M
-$287.9M
-$437.0M
-$663.4M
-$1.0B
-$1.5B
-$2.3B
-$3.5B
-$5.3B
Maintenance CapEx
-$40.1K
-$60.8K
-$92.3K
-$140.1K
-$212.7K
-$322.8K
-$490.0K
-$743.8K
-$1.1M
-$1.7M
Owner Earnings
-$125.0M
-$189.8M
-$288.0M
-$437.2M
-$663.6M
-$1.0B
-$1.5B
-$2.3B
-$3.5B
-$5.3B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$115.8M
-$162.7M
-$228.6M
-$321.3M
-$451.6M
-$634.7M
-$892.0M
-$1.3B
-$1.8B
-$2.5B
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.