Relay Therapeutics, Inc.

Relay Therapeutics, Inc.

RLAYยทNASDAQ

$15.30

+7.3%
HealthcareBiotechnology

Relay Therapeutics, Inc. operates as a clinical-stage precision medicines company. It engages in transforming the drug discovery process with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company's lead product candidates include RLY-4008, an oral small molecule inhibitor of fibroblast growth factor receptor 2 (FGFR2), which is in a first-in-human clinical trial for patients with advanced or metastatic FGFR2-altered solid tumors; RLY-2608, a lead mutant-PI3Ka inhibitor program that targets phosphoinostide 3 kinase alpha; and RLY-1971, an oral small molecule inhibitor of protein tyrosine phosphatase Src homology region 2 domain-containing phosphatase-2 that is in Phase 1 trial in patients with advanced solid tumors. It has collaboration and license agreements with D. E. Shaw Research, LLC to research certain biological targets through the use of D. E. Shaw Research computational modeling capabilities focused on analysis of protein motion to develop and commercialize compounds and products directed to such targets; and Genentech, Inc. for the development and commercialization of RLY-1971. The company was formerly known as Allostery, Inc. and changed its name to Relay Therapeutics, Inc. in December 2015. Relay Therapeutics, Inc. was incorporated in 2015 and is headquartered in Cambridge, Massachusetts.

At a Glance

Live Snapshot
Market Cap$2.93B
EPS-1.6100
P/E Ratio-9.50
Earnings Date08/06/2026
Relay Therapeutics, Inc.

Relay Therapeutics, Inc. Fair Value Envelope

RLAY ยท NASDAQ

Our analysis suggests that RLAY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $15.3, this represents a potential HIDDEN relative to our calculated worth for Relay Therapeutics, Inc..

Intrinsic Value
Current Price: $15.3

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-$2.1B
+ Cash & Equivalents$84.0M
Firm Value-$2.1B
- Debt$32.5M
Equity Value-$2.1B
/ Shares Outstanding172,427,139B
DCF Value-$12
OVERVALUED BY 179%

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
-$249.8M
-$264.9M
-$281.0M
-$298.1M
-$316.2M
-$335.4M
-$355.8M
-$377.5M
-$400.4M
-$424.7M
Maintenance CapEx
-$87.0K
-$92.3K
-$97.9K
-$103.8K
-$110.1K
-$116.8K
-$123.9K
-$131.5K
-$139.4K
-$147.9K
Owner Earnings
-$249.8M
-$265.0M
-$281.1M
-$298.2M
-$316.3M
-$335.6M
-$356.0M
-$377.6M
-$400.5M
-$424.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$231.3M
-$227.2M
-$223.2M
-$219.2M
-$215.3M
-$211.5M
-$207.7M
-$204.0M
-$200.4M
-$196.8M
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.