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RGNX - REGENXBIO Inc.

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REGENXBIO Inc.

RGNX

NASDAQ

REGENXBIO Inc., a clinical-stage biotechnology company, provides gene therapy product candidates to deliver genes to cells to address genetic defects or to enable cells in the body to produce therapeutic proteins or antibodies that are intended to impact disease. Its gene therapy product candidates are based on NAV Technology Platform, a proprietary adeno-associated virus gene delivery platform. The company's lead product candidate is RGX-314, which is in Phase III clinical trial for the treatment of wet age-related macular degeneration. It is also developing RGX-121 that is in Phase I/II clinical trial to treat mucopolysaccharidosis type II;RGX-111, which is in Phase I/II clinical trial for treating mucopolysaccharidosis type I;RGX-181 which is in pre clinic stage for the treatment of late-infantile neuronal ceroid lipofuscinosis type II disease;RGX-202, to treat Duchenne muscular dystrophy which is in phase I/II clinical trial; and RGX-381, to treat the ocular manifestations of CLN2 disease which is in preclinical stage. REGENXBIO Inc. also licenses its NAV Technology Platform to other biotechnology and pharmaceutical companies; and has a collaboration and license agreement with Neurimmune AG to develop novel gene therapies. REGENXBIO Inc. was founded in 2008 and is headquartered in Rockville, Maryland.

5.89 USD

0.48 (8.15%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

3.26B

3.56B

3.82B

3.76B

3.62B

3.72B

3.82B

3.93B

4.03B

4.15B

Revenue %

-

8.98

7.34

-1.6

-3.67

2.76

2.76

2.76

2.76

Ebitda

685M

587M

531M

636M

707M

653.5M

671.55M

690.1M

709.16M

728.74M

Ebitda %

20.99

16.51

13.91

16.93

19.54

17.58

17.58

17.58

17.58

Ebit

586M

478M

414M

512M

578M

534.3M

549.05M

564.22M

579.8M

595.81M

Ebit %

17.96

13.44

10.85

13.63

15.98

14.37

14.37

14.37

14.37

Depreciation

99M

109M

117M

124M

129M

119.21M

122.5M

125.88M

129.36M

132.93M

Depreciation %

3.03

3.07

3.07

3.3

3.57

3.21

3.21

3.21

3.21

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

312M

164M

38M

115M

137M

163.72M

168.24M

172.89M

177.66M

182.57M

Total Cash %

9.56

4.61

1

3.06

3.79

4.4

4.4

4.4

4.4

Receivables

309M

338M

370M

361M

350M

356.57M

366.42M

376.54M

386.94M

397.63M

Receivables %

9.47

9.51

9.69

9.61

9.67

9.59

9.59

9.59

9.59

Inventories

419M

583M

722M

524M

567M

578.31M

594.28M

610.7M

627.56M

644.9M

Inventories %

12.84

16.39

18.92

13.95

15.67

15.55

15.55

15.55

15.55

Payable

226M

261M

298M

253M

319M

279.78M

287.51M

295.45M

303.61M

311.99M

Payable %

6.93

7.34

7.81

6.74

8.82

7.53

7.53

7.53

7.53

Cap Ex

-143M

-141M

-128M

-104M

-

-107.6M

-110.57M

-113.62M

-116.76M

-119.98M

Cap Ex %

-4.38

-3.97

-3.35

-2.77

-

-2.89

-2.89

-2.89

-2.89

Weighted Average Cost Of Capital

Price

23.9

Beta

Diluted Shares Outstanding

210.4M

Costof Debt

7.53

Tax Rate

After Tax Cost Of Debt

5.88

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

1.69B

Total Equity

5.03B

Total Capital

6.71B

Debt Weighting

25.11

Equity Weighting

74.89

Wacc

6.76

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

3.26B

3.56B

3.82B

3.76B

3.62B

3.72B

3.82B

3.93B

4.03B

4.15B

Ebitda

685M

587M

531M

636M

707M

653.5M

671.55M

690.1M

709.16M

728.74M

Ebit

586M

478M

414M

512M

578M

534.3M

549.05M

564.22M

579.8M

595.81M

Tax Rate

21.95

21.95

21.95

21.95

21.95

21.95

21.95

21.95

21.95

21.95

Ebiat

412.24M

360.17M

316.01M

388.23M

451.12M

401.69M

412.78M

424.18M

435.9M

447.94M

Depreciation

99M

109M

117M

124M

129M

119.21M

122.5M

125.88M

129.36M

132.93M

Receivables

309M

338M

370M

361M

350M

356.57M

366.42M

376.54M

386.94M

397.63M

Inventories

419M

583M

722M

524M

567M

578.31M

594.28M

610.7M

627.56M

644.9M

Payable

226M

261M

298M

253M

319M

279.78M

287.51M

295.45M

303.61M

311.99M

Cap Ex

-143M

-141M

-128M

-104M

-

-107.6M

-110.57M

-113.62M

-116.76M

-119.98M

Ufcf

-133.76M

170.17M

171.01M

570.23M

614.12M

356.19M

406.62M

417.85M

429.39M

441.25M

Wacc

6.76

6.76

6.76

6.76

6.76

Pv Ufcf

333.64M

356.76M

343.4M

330.54M

318.16M

Sum Pv Ufcf

1.68B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

6.76

Free Cash Flow T1

450.08M

Terminal Value

9.45B

Present Terminal Value

6.81B

Intrinsic Value

Enterprise Value

8.49B

Net Debt

1.69B

Equity Value

6.81B

Diluted Shares Outstanding

210.4M

Equity Value Per Share

32.35

Projected DCF

32.35 0.261%

DCF Levered

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