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VNDA - Vanda Pharmaceutical...

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Vanda Pharmaceuticals Inc.

VNDA

NASDAQ

Vanda Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of therapies to address high unmet medical needs. The company's marketed products include HETLIOZ for the treatment of non-24-hour sleep-wake disorders; and Fanapt oral tablets for the treatment of schizophrenia. Its products under development include HETLIOZ (tasimelteon) for the treatment of jet lag disorder, smith-magenis syndrome, pediatric Non-24, autism spectrum, and delayed sleep phase disorder; Fanapt (iloperidone) for the treatment of bipolar disorder and a long acting injectable formulation program for the treatment of schizophrenia; and Tradipitant (VLY-686), a small molecule neurokinin-1 receptor (NK-1R) antagonist, for the treatment of atopic dermatitis, gastroparesis, and motion sickness. The company's products under development also comprise VTR-297, a small molecule histone deacetylase inhibitor for the treatment of hematologic malignancies and with potential use as a treatment for various oncology indications; VQW-765, a small molecule nicotinic acetylcholine receptor partial agonist for the treatment of psychiatric disorders; a portfolio of cystic fibrosis transmembrane conductance regulator activators and inhibitors for the treatment of dry eye and ocular inflammation, as well as BPO-27 for the treatment of secretory diarrhea disorders, including cholera; and VHX-896, the active metabolite of iloperidone. It markets its products in the United States, Europe, and Israel. Vanda Pharmaceuticals Inc. was incorporated in 2002 and is headquartered in Washington, the District of Columbia.

4.13 USD

0.05 (1.21%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

248.17M

268.68M

254.38M

192.64M

198.77M

189.76M

181.15M

172.93M

165.09M

157.6M

Revenue %

-

8.27

-5.32

-24.27

3.18

-4.54

-4.54

-4.54

-4.54

Ebitda

30.1M

45.01M

9.06M

-10.94M

-40.66M

2.39M

2.29M

2.18M

2.08M

1.99M

Ebitda %

12.13

16.75

3.56

-5.68

-20.46

1.26

1.26

1.26

1.26

Ebit

27.24M

42.16M

6.33M

-13.95M

-40.66M

553.77k

528.65k

504.67k

481.78k

459.93k

Ebit %

10.98

15.69

2.49

-7.24

-20.46

0.29

0.29

0.29

0.29

Depreciation

2.86M

2.84M

2.73M

3.01M

-

1.84M

1.76M

1.68M

1.6M

1.53M

Depreciation %

1.15

1.06

1.07

1.56

-

0.97

0.97

0.97

0.97

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

367.74M

432.81M

466.86M

388.26M

374.64M

189.76M

181.15M

172.93M

165.09M

157.6M

Total Cash %

148.18

161.09

183.53

201.55

188.48

100

100

100

100

Receivables

30.04M

32.47M

33.51M

34.16M

47.1M

29.9M

28.54M

27.25M

26.01M

24.83M

Receivables %

12.1

12.08

13.17

17.73

23.7

15.76

15.76

15.76

15.76

Inventories

1.28M

1.02M

1.19M

1.36M

1.73M

1.12M

1.06M

1.02M

970.51k

926.49k

Inventories %

0.52

0.38

0.47

0.7

0.87

0.59

0.59

0.59

0.59

Payable

1.05M

925k

12.69M

7.14M

3.5M

4.26M

4.07M

3.88M

3.71M

3.54M

Payable %

0.42

0.34

4.99

3.71

1.76

2.24

2.24

2.24

2.24

Cap Ex

-1.79M

-552k

-679k

-383k

-490k

-622.78k

-594.53k

-567.56k

-541.81k

-517.24k

Cap Ex %

-0.72

-0.21

-0.27

-0.2

-0.25

-0.33

-0.33

-0.33

-0.33

Weighted Average Cost Of Capital

Price

4.13

Beta

Diluted Shares Outstanding

58.15M

Costof Debt

4.15

Tax Rate

After Tax Cost Of Debt

3.42

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

12.36M

Total Equity

240.16M

Total Capital

252.52M

Debt Weighting

4.89

Equity Weighting

95.11

Wacc

7.32

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

248.17M

268.68M

254.38M

192.64M

198.77M

189.76M

181.15M

172.93M

165.09M

157.6M

Ebitda

30.1M

45.01M

9.06M

-10.94M

-40.66M

2.39M

2.29M

2.18M

2.08M

1.99M

Ebit

27.24M

42.16M

6.33M

-13.95M

-40.66M

553.77k

528.65k

504.67k

481.78k

459.93k

Tax Rate

17.54

17.54

17.54

17.54

17.54

17.54

17.54

17.54

17.54

17.54

Ebiat

20.08M

33M

3.51M

-5.52M

-33.53M

364.99k

348.43k

332.63k

317.54k

303.13k

Depreciation

2.86M

2.84M

2.73M

3.01M

-

1.84M

1.76M

1.68M

1.6M

1.53M

Receivables

30.04M

32.47M

33.51M

34.16M

47.1M

29.9M

28.54M

27.25M

26.01M

24.83M

Inventories

1.28M

1.02M

1.19M

1.36M

1.73M

1.12M

1.06M

1.02M

970.51k

926.49k

Payable

1.05M

925k

12.69M

7.14M

3.5M

4.26M

4.07M

3.88M

3.71M

3.54M

Cap Ex

-1.79M

-552k

-679k

-383k

-490k

-622.78k

-594.53k

-567.56k

-541.81k

-517.24k

Ufcf

-9.12M

32.99M

16.12M

-9.25M

-50.98M

20.15M

2.72M

2.6M

2.48M

2.37M

Wacc

7.32

7.32

7.32

7.32

7.32

Pv Ufcf

18.78M

2.37M

2.1M

1.87M

1.66M

Sum Pv Ufcf

26.78M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

7.32

Free Cash Flow T1

2.46M

Terminal Value

74.2M

Present Terminal Value

52.12M

Intrinsic Value

Enterprise Value

78.9M

Net Debt

-89.96M

Equity Value

168.86M

Diluted Shares Outstanding

58.15M

Equity Value Per Share

2.9

Projected DCF

2.9 -0.424%

DCF Levered

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