Aug. 5 at 2:26 PM
$SNDX is up this morning but, at
$12.27/share, has a market cap of
$1.051B per Yahoo Finance.
SNDX's market cap is ~0.14X cumulative 10-year revenue estimates while peers are generally acquired for 0.33 to 0.42X their 10-year revenue estimates. SNDX revenue estimates do not consider Niktimvo US sales (recorded by
$INCY) which means any Niktimvo US valuation does not manifest in SNDX's multiples.
This is not investment advice because there may be a very good reason SNDX trades at such a large discount to its hypothetical M&A valuation using peer multiples.
$VRNA published the financial projection provided
$JNJ this morning. VRNA's 10-year revenue projections were roughly 20% higher than analyst consensus at the time the acquisition was announced. Hence VRNA's 10-year revenue multiple using their own estimates was 0.36X.
Again, this is not investment advice as we've never been able to predict what will happen to the price of any stock.
$XBI