Knowstox

Fundamentals snapshot

Xencor, Inc.

XNCR · NGM · Healthcare · Biotechnology

Current price

$34.05

52-week range

$10.38 - $35.81

Market cap

$2.53B

One-glance verdict

Within fair range

$41.67 our estimate vs market $34.05

Wall Street consensus: $41.58 (-0.2% lower than our fair-value estimate)

Balance sheet

Healthy

-5.56x Concerning

Net cash $286.34M. Interest coverage shows how many times profit covers the interest bill.

What this company does

Xencor, Inc.

Xencor, Inc. is a company that creates special medicines, like engineered antibodies, to help people with serious illnesses such as cancer and autoimmune diseases. Their main source of money comes from developing and getting these medicines approved for patients to use. This is important because successful drug development can lead to significant revenue and help a lot of people.

Price history

How the share price has moved

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Earnings history

Last 8 quarters — what happened

Click any quarter to read the call summary and what the numbers say.

Free cash flow by quarter (oldest to newest)
FY2024 Q4 $-57.24M FY2025 Q1 $-17.66M FY2025 Q2 $-36.75M FY2025 Q3 $-31.00M FY2025 Q4 $-52.85M FY2026 Q1 $-68.24M FY2026 Q2 $-56.20M FY2026 Q3 $838.00K
Revenue $116.52M
Net income $39.44M
Diluted EPS 0.50
Operating cash flow $2.64M
Free cash flow $838.00K
Revenue $51.22M
Net income $-21.73M
Diluted EPS -0.29
Operating cash flow $-55.66M
Free cash flow $-56.20M
Revenue $4.52M
Net income $-128.92M
Diluted EPS -1.71
Operating cash flow $-67.63M
Free cash flow $-68.24M
Revenue $28.24M
Net income $-6.65M
Diluted EPS -0.09
Operating cash flow $-51.71M
Free cash flow $-52.85M
Revenue $21.00M
Net income $-6.03M
Diluted EPS -0.08
Operating cash flow $-30.82M
Free cash flow $-31.00M
Revenue $43.61M
Net income $-30.82M
Diluted EPS -0.41
Operating cash flow $-36.37M
Free cash flow $-36.75M
Revenue $32.73M
Net income $-48.42M
Diluted EPS -0.66
Operating cash flow $-16.22M
Free cash flow $-17.66M
Revenue $70.02M
Net income $-53.48M
Diluted EPS -0.69
Operating cash flow $-55.58M
Free cash flow $-57.24M

Is it cheap or expensive?

Fair value $41.67 vs current price $34.05

Wall Street consensus is the average analyst price target: $41.58 (-0.2% lower than our fair-value estimate).

Our most-likely fair value is $41.67 a share — about 22.4% away from today's price of $34.05, so the stock currently looks fairly priced.

fair

We estimate the cash this business should generate over the next 10 years and beyond, then convert it to today's money for a fair value per share, in its trading currency. Cautious, middle and optimistic growth cases give a range. Not for banks/insurers.

Base

Growth 10.0% · Discount 7.2% · Terminal 3.0%

$41.67

Bear

Growth 3.0% · Discount 7.2% · Terminal 3.0%

$28.83

Bull

Growth 25.0% · Discount 7.2% · Terminal 3.0%

$91.51

Is it drowning in debt?

Healthy

Net cash $286.3M - more cash than debt. Interest coverage -5.6x.

Net debt $-286.34M
Interest coverage -5.56x

Xencor, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.

Healthy
Worse cushion Baseline Better cushion
XNCR BASELINE Xencor, Inc.

Total debt $170.11M Interest coverage -5.56x This is the baseline the peer rows are being compared against.

Total debt $16.01M Interest coverage -6.93x Neither company has much profit cushion over interest right now.

Total debt $269.59M Interest coverage 2.84x This peer still has a real interest-payment cushion, while XNCR does not.

Total debt $135.62M Interest coverage -50.24x Neither company has much profit cushion over interest right now.

Total debt $35.09M Interest coverage -8.56x Neither company has much profit cushion over interest right now.

What you should know

The case for and against XNCR

2 Rewards 3 Risks

Rewards

  • Revenue grew 59.7% last year.
  • Free cash flow was positive in 2/10 years.

Risks

  • Return on equity was -29.1% last year — the company lost money on shareholders' equity.
  • Operating margin compressed from -50.1% to -72.4% over 3 years.
  • Insider ownership is only 1.2% (peer median: 3.5%).

The numbers

All the key metrics, grouped by purpose

Tap any ? icon to learn what it means.

Valuation

How expensive the stock looks

P/E (TTM)
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Forward P/E
-9.63x
P/B
3.85x
P/S
24.12x
EV/EBITDA
-11.26x
PEG ratio
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Profitability

How much profit each dollar creates

Gross margin
-143.6%
Operating margin
-72.4%
Net margin
-155.6%
ROE
-29.1%
ROA
-16.8%

Health

Liquidity and balance-sheet strength

Debt / equity
0.34x
Current ratio
6.39x
Quick ratio
6.09x
Total debt
$170.11M
Total cash
$456.45M

Growth

How the business has been compounding

Revenue TTM
$200.49M
Revenue 5Y CAGR
-17.8%
EPS TTM
-2.16
EPS 5Y CAGR
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Cash flow

How much cash the business throws off

Operating CF TTM
$-172.35M
Free CF TTM
$-138.27M
FCF margin
-69.0%

Dividend

Shareholder payout

Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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