| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | 1 | 5 | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 388.26 | 374.64 | 263.85 | 170.03 |
| Receivables | 34.16 | 47.10 | 54.58 | 59.69 |
| Inventory | 1.36 | 1.73 | 1.85 | 1.68 |
| Other | — | — | — | — |
| 432.95 | 438.89 | 347.26 | 264.48 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 38.46 | 39.09 | 68.30 | 69.99 |
| ST’ Debt | — | — | — | — |
| Other | 49.24 | 60.90 | 76.87 | 94.03 |
| 87.70 | 99.98 | 145.16 | 164.03 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 51.72 | 50.53 | — | — |
—
|
| ’25 | 50.04 | 52.59 | 56.26 | 57.22 |
216.11
|
| ’24 | 47.46 | 50.47 | 47.65 | 53.19 |
198.77
|
| ’23 | 62.50 | 46.06 | 38.82 | 45.27 |
192.64
|
| ’22 | 60.19 | 64.39 | 65.32 | 64.48 |
254.38
|
| ’21 | 62.67 | 67.90 | 70.10 | 68.02 |
268.68
|
| ’20 | 58.00 | 62.21 | 60.31 | 67.65 |
248.17
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (50.22) | (31.07) | — | — |
—
|
| ’25 | (33.15) | (15.25) | (31.63) | (29.42) |
(109.44)
|
| ’24 | 7.57 | (6.93) | (14.58) | (1.82) |
(15.76)
|
| ’23 | 31.80 | (13.22) | (2.05) | (3.73) |
12.80
|
| ’22 | 4.05 | 5.69 | 12.84 | 9.42 |
31.98
|
| ’21 | 9.19 | 19.02 | 9.40 | 26.61 |
64.21
|
| ’20 | (0.91) | 24.01 | 9.37 | 19.30 |
51.78
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (60.44) | (31.26) | — | — |
—
|
| ’25 | (33.58) | (15.55) | (31.79) | (29.52) |
(110.44)
|
| ’24 | 4.86 | (8.56) | (14.74) | (2.03) |
(20.48)
|
| ’23 | 31.75 | (13.27) | (2.07) | (104.65) |
(88.25)
|
| ’22 | 3.97 | 5.49 | 12.69 | 9.15 |
31.31
|
| ’21 | 9.06 | 18.72 | 9.41 | 26.47 |
63.66
|
| ’20 | (1.28) | 23.80 | 9.13 | 18.34 |
49.98
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.82) | (1.04) | — | — |
—
|
| ’25 | (0.50) | (0.46) | (0.38) | (2.39) |
(3.74)
|
| ’24 | (0.07) | (0.08) | (0.09) | (0.08) |
(0.33)
|
| ’23 | 0.06 | 0.03 | 0.00 | (0.04) |
0.04
|
| ’22 | (0.11) | 0.05 | 0.06 | 0.12 |
0.11
|
| ’21 | 0.15 | 0.17 | 0.14 | 0.12 |
0.58
|
| ’20 | 0.01 | 0.16 | 0.11 | 0.15 |
0.42
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 6.73 | 3.30 | 3.46 | 3.81 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.93 | 8.15 | 6.75 | 9.60 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 290 | 203 | 203 | 533 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.88 | 0.95 | 0.98 | 0.41 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 254.38 | 192.64 | 198.77 | 216.11 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 90.45% | 92.32% | 94.31% | 93.96% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.30 | 6.34 | (22.92) | (138.65) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.44% | 3.29% | (11.53%) | (64.16%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.28 | 2.51 | (18.90) | (220.47) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.23) | (4.46) | 2.81 | 9.86 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.51 | 3.36 | 3.42 | 3.67 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | 0.11 | 0.04 | (0.33) | (3.74) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.57 | 0.22 | (0.27) | (1.86) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.01) | (1.76) | (0.08) | (0.02) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.55 | (1.54) | (0.35) | (1.87) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.34 | 9.50 | 9.26 | 5.55 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.46 | 57.38 | 58.15 | 58.93 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 61.83 | 90.40 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.65 | 1.35 | 1.40 | 2.41 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.79 | 0.48 | 0.52 | 1.59 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.14) | (0.62) | (0.46) | 1.21 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.83) | 1.05 | 1.99 | (2.38) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.98 | 12.80 | (15.76) | (109.44) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.68) | (101.05) | (4.72) | (1.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.31 | (88.25) | (20.48) | (110.44) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 427.86 | 345.25 | 338.91 | 202.10 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.14 | — | 3.15 | 4.08 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (455.72) | (388.26) | (371.50) | (259.77) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 527.20 | 544.91 | 538.55 | 327.19 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.02% | 0.39% | (2.90%) | (38.51%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.53% | (5.57%) | (15.21%) | (140.15%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.22% | 0.47% | (3.49%) | (50.93%) | ‡‡‡‡‡ | — | — |
ROE
|
Vanda Pharmaceuticals (VNDA), a CNS-focused biopharma, trades near multi-year lows around $5, reflecting investor doubts over near-term losses from R&D and clinical setbacks, despite a rock-solid balance sheet with $371 million in net cash and minimal debt. Revenue grew robustly from $146 million in 2016 to a $269 million peak in 2021, dipped on Hetlioz generics, but rebounded modestly to $199 million in 2024 with improving gross margins near 94%. Lean operations shine through, with revenue per employee at $900K-$1M even after staff cuts, positioning VNDA for explosive growth.
Analysts forecast revenue surging 9% to $216 million in 2025, then 19%-36% annually through 2028 to $419 million, fueled by pipeline stars like Phase 3 tradipitant for gastroparesis and motion sickness. Profitability has swung wildly—EPS windfalls from milestones like 2019’s $120M Vraylar payment to recent losses—but projections signal a 2026 turnaround with positive FCF. Valuation screams bargain: PS at 1.4x, PB at 0.52x, and mean analyst targets implying 105% upside (high of 260%).
Aggressive CEO insider buying—over $317K for 70K shares at $4.50-$5—adds conviction amid oversold conditions, echoing past rebounds from Hetlioz launches. While clinical risks linger, VNDA’s metrics suggest asymmetric upside if catalysts hit. Dive into the full analysis for revenue-profit correlations, cash flow details, and key events driving this undervalued gem.
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