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AQST - Aquestive Therapeuti...

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Aquestive Therapeutics, Inc.

AQST

NASDAQ

Aquestive Therapeutics, Inc., a pharmaceutical company, focuses on identifying, developing, and commercializing various products to address unmet medical needs in the United States and internationally. The company markets Sympazan, an oral soluble film formulation of clobazam for the treatment of lennox-gastaut syndrome; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; Zuplenz, an oral soluble film formulation of ondansetron for the treatment of nausea and vomiting associated with chemotherapy and post-operative recovery; and Azstarys, a once-daily product for the treatment of attention deficit hyperactivity disorder. The company's proprietary product candidates comprise Libervant, a buccal soluble film formulation of diazepam for the treatment of seizures; and Exservan, an oral soluble film formulation of riluzole for the treatment of amyotrophic lateral sclerosis. Its proprietary pipeline of complex molecule products include AQST-108, a sublingual film formulation delivering systemic epinephrine for the treatment of conditions other than anaphylaxis; AQST-305, a sublingual film formulation of octreotide for the treatment of acromegaly; and AQST-109, an orally delivered epinephrine product candidate for the emergency treatment of allergic reactions, including anaphylaxis. Further, the company develops KYNMOBI, a sublingual film formulation of apomorphine for the treatment of episodic off-periods in Parkinson's disease. Aquestive Therapeutics, Inc. was incorporated in 2004 and is headquartered in Warren, New Jersey.

2.82 USD

0.07 (2.48%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

45.85M

50.83M

47.68M

50.58M

57.56M

61.09M

64.84M

68.82M

73.05M

77.53M

Revenue %

-

10.87

-6.2

6.09

13.8

6.14

6.14

6.14

6.14

Ebitda

-39.15M

-45.11M

-39.58M

1.18M

-26.62M

-36.79M

-39.04M

-41.44M

-43.98M

-46.68M

Ebitda %

-85.4

-88.75

-83.01

2.34

-46.24

-60.21

-60.21

-60.21

-60.21

Ebit

-42.76M

-48.08M

-41.97M

-163k

-27.33M

-39.55M

-41.98M

-44.55M

-47.29M

-50.19M

Ebit %

-93.26

-94.58

-88.02

-0.32

-47.49

-64.73

-64.73

-64.73

-64.73

Depreciation

3.61M

2.96M

2.39M

1.34M

718k

2.76M

2.93M

3.11M

3.3M

3.51M

Depreciation %

7.87

5.83

5.01

2.66

1.25

4.52

4.52

4.52

4.52

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

31.81M

28.02M

27.27M

23.87M

71.55M

40.19M

42.65M

45.27M

48.05M

51M

Total Cash %

69.37

55.13

57.2

47.19

124.3

65.78

65.78

65.78

65.78

Receivables

6.96M

12.12M

4.7M

8.47M

7.34M

9.58M

10.17M

10.79M

11.45M

12.15M

Receivables %

15.17

23.84

9.87

16.75

12.76

15.68

15.68

15.68

15.68

Inventories

2.46M

4.04M

5.78M

6.77M

6.04M

6.03M

6.4M

6.79M

7.2M

7.65M

Inventories %

5.37

7.94

12.12

13.38

10.5

9.86

9.86

9.86

9.86

Payable

7.09M

8.31M

9.95M

8.93M

10.29M

10.78M

11.44M

12.14M

12.88M

13.68M

Payable %

15.46

16.36

20.86

17.65

17.87

17.64

17.64

17.64

17.64

Cap Ex

-517k

-913k

-2.52M

-995k

-159k

-1.28M

-1.36M

-1.44M

-1.53M

-1.62M

Cap Ex %

-1.13

-1.8

-5.29

-1.97

-0.28

-2.09

-2.09

-2.09

-2.09

Weighted Average Cost Of Capital

Price

2.82

Beta

Diluted Shares Outstanding

86.73M

Costof Debt

44.25

Tax Rate

After Tax Cost Of Debt

44.24

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

38M

Total Equity

244.57M

Total Capital

282.57M

Debt Weighting

13.45

Equity Weighting

86.55

Wacc

20

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

45.85M

50.83M

47.68M

50.58M

57.56M

61.09M

64.84M

68.82M

73.05M

77.53M

Ebitda

-39.15M

-45.11M

-39.58M

1.18M

-26.62M

-36.79M

-39.04M

-41.44M

-43.98M

-46.68M

Ebit

-42.76M

-48.08M

-41.97M

-163k

-27.33M

-39.55M

-41.98M

-44.55M

-47.29M

-50.19M

Tax Rate

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.03

Ebiat

-50.1M

-61.37M

-46.43M

-168.24k

-27.33M

-39.55M

-41.97M

-44.55M

-47.28M

-50.19M

Depreciation

3.61M

2.96M

2.39M

1.34M

718k

2.76M

2.93M

3.11M

3.3M

3.51M

Receivables

6.96M

12.12M

4.7M

8.47M

7.34M

9.58M

10.17M

10.79M

11.45M

12.15M

Inventories

2.46M

4.04M

5.78M

6.77M

6.04M

6.03M

6.4M

6.79M

7.2M

7.65M

Payable

7.09M

8.31M

9.95M

8.93M

10.29M

10.78M

11.44M

12.14M

12.88M

13.68M

Cap Ex

-517k

-913k

-2.52M

-995k

-159k

-1.28M

-1.36M

-1.44M

-1.53M

-1.62M

Ufcf

-49.34M

-64.83M

-39.27M

-5.59M

-23.55M

-39.79M

-40.69M

-43.19M

-45.84M

-48.66M

Wacc

20

20

20

20

20

Pv Ufcf

-33.16M

-28.26M

-25M

-22.11M

-19.55M

Sum Pv Ufcf

-128.08M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

20

Free Cash Flow T1

-49.63M

Terminal Value

-275.75M

Present Terminal Value

-110.83M

Intrinsic Value

Enterprise Value

-238.91M

Net Debt

-33.54M

Equity Value

-205.37M

Diluted Shares Outstanding

86.73M

Equity Value Per Share

-2.37

Projected DCF

-2.37 2.19%

DCF Levered

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