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: $14.25 DETAILS
HIGH: $21.00
LOW: $7.50
MEDIAN: $14.25
CONSENSUS: $14.25
UPSIDE: 130.21%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Moderate
Trading 22.4% below fair value
Current Price $6.19
Bear Case $6.83 10.4% upside ($6.83 - $6.19) / $6.19 = 10.4% $0.42 × 12x P/E
Fair Value $7.97 28.8% upside ($7.97 - $6.19) / $6.19 = 28.8% $0.42 × 14x P/E
Bull Case $9.11 47.2% upside ($9.11 - $6.19) / $6.19 = 47.2% $0.42 × 16x P/E

Adjust Assumptions

14.0x
0.42$

Key Value Driver

Normalized P/E multiple (14x base case)

Implied Market Multiple 14.7x

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 $14.25 from 19 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $7.97 per share.

Warnings

Wall Street's average price target is $14.25 (from 19 analysts). Our estimate is 59% 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