Ocular Therapeutix, Inc.

Ocular Therapeutix, Inc.

OCULยทNASDAQ

$8.35

-6.5%
HealthcareBiotechnology

Ocular Therapeutix, Inc., a biopharmaceutical company, focuses on the formulation, development, and commercialization of therapies for diseases and conditions of the eye using its bioresorbable hydrogel-based formulation technology. The company markets ReSure Sealant, an ophthalmic device to prevent wound leaks in corneal incisions following cataract surgery; and DEXTENZA, a dexamethasone ophthalmic insert to treat post-surgical ocular inflammation and pain following ophthalmic surgery, as well as allergic conjunctivitis. It is also developing OTX-TKI, an axitinib intravitreal implant that is in phase 1 clinical trials for the treatment of wet age-related macular degeneration and other retinal diseases; OTX-TIC, a travoprost intracameral implant, which is in phase 2 clinical trials for the treatment of open-angle glaucoma or ocular hypertension; OTX-CSI, a cyclosporine intracanalicular insert that has completed phase 2 clinical trials for the treatment of dry eye disease; and OTX-DED, a dexamethasone intracanalicular insert, which is in phase 2 clinical trials for the short-term treatment of the signs and symptoms of dry eye disease. The company has a strategic collaboration with Regeneron Pharmaceuticals, Inc. (Regeneron) for the development and commercialization of products using the Company's sustained-release hydrogel in combination with Regeneron's large molecule VEGF-targeting compounds for the treatment of retinal diseases; and AffaMed Therapeutics Limited for the development and commercialization of DEXTENZA and OTX-TIC, as well as a discovery collaboration with Mosaic Biosciences to identify new targets and therapeutic agents for the treatment of dry age-related macular degeneration (dMAD). Ocular Therapeutix, Inc. was incorporated in 2006 and is headquartered in Bedford, Massachusetts.

At a Glance

Live Snapshot
Market Cap$1.83B
EPS-1.4200
P/E Ratio-5.88
Earnings Date08/04/2026
Ocular Therapeutix, Inc.

Ocular Therapeutix, Inc. Fair Value Envelope

OCUL ยท NASDAQ

Our analysis suggests that OCUL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.35, this represents a potential HIDDEN relative to our calculated worth for Ocular Therapeutix, Inc..

Intrinsic Value
Current Price: $8.35

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-$178.6M
+ Cash & Equivalents$737.1M
Firm Value$558.4M
- Debt$79.8M
Equity Value$478.7M
/ Shares Outstanding173,778,816B
DCF Value$3
OVERVALUED BY 67%

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
-$102.4M
-$51.2M
-$25.6M
-$12.8M
-$6.4M
-$3.2M
-$1.6M
-$800.3K
-$400.2K
-$200.1K
Maintenance CapEx
-$1.2M
-$600.5K
-$300.3K
-$150.1K
-$75.1K
-$37.5K
-$18.8K
-$9.4K
-$4.7K
-$2.3K
Owner Earnings
-$103.6M
-$51.8M
-$25.9M
-$13.0M
-$6.5M
-$3.2M
-$1.6M
-$809.7K
-$404.9K
-$202.4K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$96.0M
-$44.4M
-$20.6M
-$9.5M
-$4.4M
-$2.0M
-$944.9K
-$437.5K
-$202.5K
-$93.8K
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.