$1.96
-6.5%Cassava Sciences, Inc., a clinical stage biotechnology company, develops drugs for neurodegenerative diseases. Its lead therapeutic product candidate is simufilam, a small molecule drug, which is completed Phase 2b clinical trial; and investigational diagnostic product candidate is SavaDx, a blood-based biomarker/diagnostic to detect Alzheimer's disease. The company was formerly known as Pain Therapeutics, Inc. and changed its name to Cassava Sciences, Inc. in March 2019. Cassava Sciences, Inc. was incorporated in 1998 and is based in Austin, Texas.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
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 | -$55.5M | -$95.4M | -$164.0M | -$281.9M | -$484.7M | -$833.5M | -$1.4B | -$2.5B | -$4.2B | -$7.3B |
| Maintenance CapEx | -$199.8K | -$343.5K | -$590.7K | -$1.0M | -$1.7M | -$3.0M | -$5.2M | -$8.9M | -$15.3M | -$26.2M |
| Owner Earnings | -$55.7M | -$95.7M | -$164.5M | -$282.9M | -$486.5M | -$836.5M | -$1.4B | -$2.5B | -$4.3B | -$7.3B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | -$51.5M | -$82.0M | -$130.6M | -$208.0M | -$331.1M | -$527.1M | -$839.2M | -$1.3B | -$2.1B | -$3.4B |
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