Night_Owl_Biotech
Nov 8, 4:18 AM
$ACAD trades at meaningfully lower multiples of analyst consensus revenue estimates versus its peer commercial-stage non-oncology focused peers. We will compare ACAD's multiples to its peers in 10-14 days after earnings season has concluded & analyst estimates are updated. For now you simply have to take our word for it. Only
$ARDX trades at lower multiples.
The attachments compare ACAD's analyst consensus revenue estimates to
$APLS as of the date it announced the
$BIIB acquisition. APLS was acquired for an enterprise value of roughly
$5.6B
Note analysts project ACAD's 2 products to generate meaningfully higher revenues than APLS, and at higher gross profit margins, yet ACAD's valuation is meaningfully lower. ACAD's SG&A expense as a % of sales is consistent with its peers
We genuinely want to know if any investors can point out the reason for the disconnect.
$XBI
2 replies