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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-05-26), IVERIC bio's Intrinsic Value: Projected FCF is $-3.80. The stock price of IVERIC bio is $39.95. Therefore, IVERIC bio's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
The historical rank and industry rank for IVERIC bio's Intrinsic Value: Projected FCF or its related term are showing as below:
The historical data trend for IVERIC bio's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IVERIC bio Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | -8.74 | -8.81 | -5.86 | -4.45 | -3.57 |
IVERIC bio Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | -4.47 | -4.70 | -5.00 | -3.57 | -3.80 |
For the Biotechnology subindustry, IVERIC bio's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, IVERIC bio's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where IVERIC bio's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get IVERIC bio's Free Cash Flow(6 year avg) = $-94.75.
IVERIC bio's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Mar23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | -94.75376 | + | 477.046 | * | 0.8) | / | 137.087 | |
= | -3.80 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IVERIC bio (NAS:ISEE) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
IVERIC bio's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 39.95 | / | -3.7965110494771 | |
= |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of IVERIC bio's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Keith Westby | officer: SVP & COO | ONE UNIVERSITY SQUARE DRIVE, SUITE 280, PRINCETON NJ 08540 |
David Francis Carroll | officer: SVP, CFO and Treasurer | ONE UNIVERSITY SQUARE DRIVE, SUITE 280, PRINCETON NJ 08540 |
Glenn Sblendorio | director | 3 TIMES SQAURE, 12TH FLOOR, NEW YORK NY 10036 |
Christopher Paul Simms | officer: Senior Vice President, CCO | FIVE PENN PLAZA SUITE 2372, NEW YORK NY 10001 |
Anthony S Gibney | officer: EVP, Chief Business Officer | C/O ACHILLION PHARMACEUTICALS, INC., 300 GEORGE STREET, NEW HAVEN CT 06511 |
Calvin W. Roberts | director | 6120 WINDWARD PARKWAY, SUITE 290, ALPHARETTA GA 30005 |
Christine Ann Miller | director | 5 PENN PLAZA, SUITE 2372, NEW YORK NY 10001 |
Pravin Dugel | officer: EVP, Chief Strategy & Business | C/O AERPIO PHARMACEUTICALS, INC., 9987 CARVER ROAD, CINCINNATI OH 45242 |
David R Guyer | director, officer: Chief Executive Officer | ONE PENN PLAZA, 19TH FLOOR, NEW YORK NY 10119 |
Mark S. Blumenkranz | director | C/O 1LIFE HEALTHCARE, INC., ONE EMBARCADERO CENTER, SUITE 1900, SAN FRANCISCO CA 94111 |
Adrienne L Graves | director | 125 STONE MOUNTAIN CIRCLE, NAPA CA 94558 |
Versant Venture Capital Iv, L.p. | 10 percent owner | ONE SANSOME STREET, SUITE 3630, SAN FRANCISCO CA 94104 |
Versant Ventures Iv, Llc | 10 percent owner | ONE SANSOME STREET, SUITE 3630, SAN FRANCISCO CA 94104 |
Versant Side Fund Iv, L.p. | 10 percent owner | ONE SANSOME STREET, SUITE 3630, SAN FRANCISCO CA 94104 |
Jane Henderson | director | C/O ELEVEN BIOTHERAPEUTICS, INC., 215 FIRST STREET, CAMBRIDGE MA 02142 |
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