Sep. 13 at 6:05 PM
Seeking Alpha now notes there are 11 analysts covering
$SNDX that provide revenue estimates.
1 new analyst is projecting just north of
$3B in FY34 revenues. The other analyst providing FY34 forecasts projects
$1.26B.
Attached is an updated comparison of SNDX's valuation at
$15.55/share or a
$1.34B market cap as a multiple of these new analyst revenue estimates. We compared SNDX's profile to 15 peer commercial-stage bios that exited via M&A. Note most SNDX peers were acquired at 0.30X to 0.40X cumulative 10-year revenue forecasts prepared by the acquiree's management/BOD.
SNDX trades at 0.08X the highest 10-year analyst revenue estimate. Obviously one has to take such an aggressive revenue forecast with an enormous grain of salt. SNDX trades at 0.12X 10-year consensus estimates.
SNDX trades at 0.18X the lowest 10-year analyst estimate (an n of 2 for the last 2 years).
Genuine pushback/feedback welcomed?
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