Vanda Pharmaceuticals Inc. logo VNDA - Vanda Pharmaceuticals Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 5
SELL 1
STRONG
SELL
0
| PRICE TARGET: $21.00 DETAILS
HIGH: $21.00
LOW: $21.00
MEDIAN: $21.00
CONSENSUS: $21.00
UPSIDE: 236.54%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Moderate
Trading 35.4% below fair value
Current Price $6.24
Bear Case $8.28 32.7% upside ($8.28 - $6.24) / $6.24 = 32.7% $0.42 × 12x P/E
Fair Value $9.66 54.8% upside ($9.66 - $6.24) / $6.24 = 54.8% $0.42 × 14x P/E
Bull Case $11.04 76.9% upside ($11.04 - $6.24) / $6.24 = 76.9% $0.42 × 16x P/E

Adjust Assumptions

14.0x
0.42$

Key Value Driver

Normalized P/E multiple (14x base case)

Implied Market Multiple 14.9x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $21.00 from 19 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $9.66 per share.

Warnings

Wall Street's average price target is $21.00 (from 19 analysts). Our estimate is 72% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples