Erasca, Inc. (ERAS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-99.3%

$0.10

vs $14.05 price

Levered DCF

$0.09

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

35.36

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-8.45×	-3.64×	-2.57×	-2.17×	-15.13×	-20.51×	-174.3×
P/B	3.24×	1.39×	1.01×	1.28×	4.06×	19.3×	-152.41×
P/S	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-8.47×	-3.73×	-2.33×	-1.24×	-12.42×	-54.4×	-157.69×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	10.04×	9.84×	12.26×	9.13×	16.02×	8.77×	18.59×
Debt / equity	0.14×	0.12×	0.18×	0.13×	0.04×	0.03×	-0.27×
Interest coverage	0×	0×	0×	-1.23×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-38.3%	-38.2%	-39.5%	-59.0%	-26.9%	-94.6%	88.5%
Return on invested capital	-35.3%	-37.7%	-37.9%	-52.9%	-26.3%	-97.5%	-24.9%
Return on assets	-31.4%	-32.2%	-31.6%	-47.2%	-24.5%	-81.4%	-21.7%
Free cash flow yield	-9.1%	-22.5%	-32.2%	-22.8%	-5.3%	-3.4%	-0.5%
Earnings yield	-11.8%	-27.5%	-39.1%	-46.2%	-6.6%	-4.9%	-0.6%
Enterprise value	$1B	$571M	$282.7M	$296.8M	$1.5B	$2B	$2B
Net debt / EBITDA	0.22×	0.1×	0.31×	0.95×	2.8×	1.69×	1.99×
Cash conversion cycle (days)	-115	0	-196	-3,185	-2,059	0	0