Market Price

32.33 

0.00 0.0%

as of Jun 19 '13 16:00

52 Week Range:

14.75 33.86


General Info

Ligand Pharmaceuticals, Inc., is incorporated in Delaware. It is a biopharmaceutical company engaged in developing or acquiring royalty revenue generating assets and coupling them to a lean corporate cost structure. With its portfolio of assets across numerous technology types, therapeutic areas, drug targets, and industry partners, the Company offers investors an opportunity to invest in the increasingly complicated and unpredictable pharmaceutical industry. The Company has portfolio of over 80 current and future potential revenue generating programs, over 70 of which are fully funded by its partners. It has multiple partnered programs in its portfolio that are either in or nearing the regulatory approval process. GSK’s Promacta® (Eltrombopag) is the first oral thrombopoietin (TPO) receptor agonist therapy for the treatment of adult patients with chronic immune (idiopathic) thrombocytopenic purpura, or ITP. In 2010, GSK received approval for Revolade® (eltrombopag/Promacta) from the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) and from the Japanese Ministry of Health, Labour and Welfare for the oral treatment of thrombocytopenia (reduced platelet count) in adults with the blood disorder chronic ITP. The Company currently receives royalty revenues from Pfizer, Inc., or Pfizer, for sales of the pain therapeutic Avinza®. In 2010, its partner Pfizer launched Viviant® (bazedoxifene) in Japan for the treatment of postmenopausal osteoporosis. The drug is also marketed in Spain under the brand name Conbriza® through a co-promotion with Almirall, an international pharmaceutical company based in Spain. In 2006, Ligand outlicensed Nexterone, an injectable formulation combining amiodarone and Captisol, to Baxter International, or Baxter (formerly Prism Pharmaceuticals, Inc.). In 2010, its partner Pfizer launched Viviant (bazedoxifene) in Japan for the treatment of postmenopausal osteoporosis. The Company currently has no manufacturing facilities and rely on third parties, including its collaborative partners, for clinical production of any products or compounds. Its competitive position also depends upon its ability to attract and retain qualified personnel, obtain patent protection or otherwise develop proprietary products or processes, and secure sufficient capital resources for the often substantial period between technological conception and commercial sales. The Company is subject to rigorous regulation by federal and various state authorities, including the FDA.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

Item Name Dec '02 Dec '03 Dec '04 Dec '05 Dec '06 Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12
Equity (BVPS) 6.22
-1.88
-5.11
-8.05
2.39
2.64
0.11
0.62
0.18
0.84
1.31
growth rate -100.0% 0.0% 0.0% 100.0% 10.5% -95.8% 463.6% -71.0% 366.7% 56.0%
Earnings BIT -94.41
-22.59
-42.34
-75.40
-53.46
-97.52
-9.87
-15.40
-3.56
-3.87
growth rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Avg.PE -15.30
-7.90
-46.30
-17.00
-15.70
-20.90
-3.20
-34.50
-15.00
23.30
-118.50
growth rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% -100.0%
ROA -30.10
-6.80
-11.50
-17.40
-20.10
-56.80
-5.90
-16.90
8.10
-2.60
growth rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% -100.0%
ROE 411.50
36.10
36.70
-142.60
-83.80
-4,922.20
-69.00
-365.80
58.80
-10.10
growth rate -91.2% 1.7% -100.0% 0.0% 0.0% 0.0% 0.0% 100.0% -100.0%
Balance Sheet Dec '02 Dec '03 Dec '04 Dec '05 Dec '06 Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12
Acct.Receivable 0.00
0.62
0.99
6.11
4.59
growth rate 59.7% 517.2% -24.9%
Cur.Assets 93.93
68.17
37.02
32.23
23.82
growth rate -27.4% -45.7% -12.9% -26.1%
Total Assets 171.45
141.81
75.56
120.58
104.26
growth rate -17.3% -46.7% 59.6% -13.5%
Cash 80.67
53.23
22.70
17.04
12.38
growth rate -34.0% -57.4% -24.9% -27.4%
Inventory 0.00
0.00
0.00
1.30
1.70
growth rate 30.8%
Cur.Liabilities 70.61
52.17
33.49
43.64
35.44
growth rate -26.1% -35.8% 30.3% -18.8%
Liabilities 169.47
129.72
72.06
104.05
77.78
growth rate -23.5% -44.5% 44.4% -25.3%
LT Debt 159.35
170.05
171.09
170.18
2.16
0.63
2.18
0.00
0.00
20.29
19.41
growth rate 6.7% 0.6% -0.5% -98.7% -71.0% 247.7% -100.0% -4.3%
Equity -98.07
39.70
41.46
1.98
12.09
3.50
16.53
26.49
growth rate 100.0% 4.4% -95.2% 510.6% -71.1% 372.3% 60.3%
Common Shares 12.18
16.58
15.71
18.66
19.44
19.51
19.56
20.16
growth rate 36.1% -5.3% 18.8% 4.2% 0.4% 0.3% 3.1%
Preferred Shares 0.00 0.00 0.00 0.00 0.00
growth rate
Cash Flow Statement Dec '02 Dec '03 Dec '04 Dec '05 Dec '06 Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12
Cap.Expenditures 109.47
6.92
3.60
35.60
1.78
0.44
0.50
0.52
0.07
0.08
0.60
growth rate -93.7% -48.0% 888.9% -95.0% -75.3% 13.6% 4.0% -86.5% 14.3% 650.0%
Cash Dividends 0.00
0.00
0.00
0.00
0.00
252.74
0.00
0.00
0.00
0.00
0.00
growth rate -100.0%
Cash From OA -26.89
0.31
5.75
8.37
-138.52
-97.73
-20.63
-33.80
-27.07
-1.17
0.16
growth rate 100.0% 1,754.8% 45.6% -100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0%
FCF -136.36
-6.61
2.15
-27.23
-140.30
-98.17
-21.13
-34.32
-27.14
-1.25
-0.44
growth rate 0.0% 100.0% -100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Income Statement Dec '02 Dec '03 Dec '04 Dec '05 Dec '06 Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12
Sales 71.77
81.12
112.11
10.22
3.98
12.89
27.32
38.94
23.54
30.04
31.39
growth rate 13.0% 38.2% -90.9% -61.1% 223.9% 112.0% 42.5% -39.6% 27.6% 4.5%
Op.Income -97.28
-9.97
-20.16
-1.71
-1.08
growth rate 0.0% 0.0% 0.0% 0.0%
IBT -97.52
-9.87
-15.40
-3.56
-3.87
growth rate 0.0% 0.0% 0.0% 0.0%
IAT -97.46
-8.34
-12.79
9.71
-2.67
growth rate 0.0% 0.0% 100.0% -100.0%
IBEI -97.46
-8.34
-12.79
9.71
-2.67
growth rate 0.0% 0.0% 100.0% -100.0%
Net Income -97.46
-8.34
-12.79
9.71
-2.67
growth rate 0.0% 0.0% 100.0% -100.0%
EPS -4.54
-8.02
-1.85
-2.92
-4.21
-2.13
-6.12
-0.44
-0.65
0.49
-0.13
growth rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% -100.0%
Gross Profit 93.85
10.22
3.98
12.89
27.32
38.94
23.54
25.13
27.79
growth rate -89.1% -61.1% 223.9% 112.0% 42.5% -39.6% 6.8% 10.6%

Quarterly Statements

Item Name Mar '12 Jun '12 Sep '12 Dec '12 Mar '13
Balance Sheet
Acct.Receivable 1.99
0.82
2.16
4.59
4.62
growth rate -58.8% 163.4% 112.5% 0.7%
Cur.Assets 23.54
21.10
17.43
23.82
17.74
growth rate -10.4% -17.4% 36.7% -25.5%
Total Assets 110.03
102.83
97.51
104.26
98.36
growth rate -6.5% -5.2% 6.9% -5.7%
Cash 11.29
10.39
7.05
12.38
5.04
growth rate -8.0% -32.2% 75.6% -59.3%
Inventory 1.35
2.70
2.55
1.70
2.84
growth rate 100.0% -5.6% -33.3% 67.1%
Cur.Liabilities 27.21
30.82
29.88
35.44
33.02
growth rate 13.3% -3.1% 18.6% -6.8%
Liabilities 91.50
85.35
76.27
77.78
67.77
growth rate -6.7% -10.6% 2.0% -12.9%
LT Debt 26.44
22.21
17.88
19.41
10.57
growth rate -16.0% -19.5% 8.6% -45.5%
Equity 18.53
17.48
21.24
26.49
30.60
growth rate -5.7% 21.5% 24.7% 15.5%
Common Shares 19.73
19.79
19.96
20.16
21.34
growth rate 0.3% 0.9% 1.0% 5.9%
Preferred Shares 0.00 0.00 0.00 0.00 0.00
growth rate
Cash Flow Statement Mar '12 Jun '12 Sep '12 Dec '12 Mar '13
Cap.Expenditures 0.02
0.24
0.37
-0.03
0.04
growth rate 1,100.0% 54.2% -100.0% 100.0%
Cash Dividends 0.00 0.00 0.00 0.00 0.00
growth rate
Cash From OA -0.37
-0.73
-0.91
2.17
2.08
growth rate 0.0% 0.0% 100.0% -4.2%
FCF -0.39
-0.97
-1.28
2.14
2.04
growth rate 0.0% 0.0% 100.0% -4.7%
Income Statement Mar '12 Jun '12 Sep '12 Dec '12 Mar '13
Sales 5.64
5.74
6.38
13.64
11.65
growth rate 1.8% 11.2% 113.8% -14.6%
Op.Income -0.33
-3.15
0.77
1.55
2.09
growth rate 0.0% 100.0% 101.3% 34.8%
IBT -0.77
-3.99
-0.05
0.95
1.37
growth rate 0.0% 0.0% 100.0% 44.2%
IAT -0.74
-4.33
-0.19
2.59
1.30
growth rate 0.0% 0.0% 100.0% -49.8%
IBEI -0.74
-4.33
-0.19
2.59
1.30
growth rate 0.0% 0.0% 100.0% -49.8%
Net Income -0.74
-4.33
-0.19
2.59
1.30
growth rate 0.0% 0.0% 100.0% -49.8%
EPS -0.04
-0.22
-0.01
0.13
0.06
growth rate 0.0% 0.0% 100.0% -53.9%
Gross Profit 5.48
5.31
5.69
11.31
10.99
growth rate -3.1% 7.2% 98.8% -2.8%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

F (14.61)

YOY Growth Grade:

F (13.79)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

Current EPS is negative, therefore value price cannot be calculated.

PE and EPS

Historical Current Forward
PE -208.74 -1,000.00 35.45
EPS / Growth 16.5% -0.01 43.8%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 50.0%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 16.5% 36.8% 41.1%
Future PE 0.01 36.33 39.23
Future EPS 0.00 0.00 0.00
Value Price
MOS
0.00
-100.0%
0.00
-100.0%
0.00
-100.0%
MOS Price 0.00 0.00 0.00
IRT 99.00 99.00 99.00

Graham Number:

Current EPS is negative, therefore Graham Number cannot be calculated.
NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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