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PDL BioPharma (PDLI)

Business description

PDL has reinvented itself through a three-pronged strategy: investing in royalty streams of marketed and development-stage therapeutics and providing high-yield debt financing to device & diagnostic companies with near-term product launches.

Stock data

Market cap.US$338.8m
Last closeUS$2.33
High / Low (52 weeks)US$3.5 / US$2.3
Stock market listingUS
Forecast net cash (US$m)323.1
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(9)(13.7)(16.5)
Relative *(10.3)(17.3)(27.4)

* % Relative to local index

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Company news

PDL BioPharma Announces First Quarter 2018 Financial Results

Wed, 09 May 2018 19:52:30 GMT

PDL BioPharma to Announce First Quarter 2018 Financial Results on May 9, 2018

Wed, 02 May 2018 11:03:45 GMT

PDL Biopharma: Activist Investor, Enter Stage Right

Fri, 27 Apr 2018 13:07:30 GMT

A Look Ahead For 2 Stocks: Colgate-Palmolive Company (CL), PDL BioPharma, Inc ...

Thu, 17 May 2018 19:30:00 GMT

Is It Time to go for Incyte Corporation (INCY), PDL BioPharma, Inc. (PDLI)?

Mon, 14 May 2018 15:00:00 GMT

Investment summary

PDL reported Q218 revenues of $46.6m, with Noden product revenue of $25.9m (up 45.1% compared to Q118). Almost all of that growth came from increased sales in Asia thanks to the launch in Japan by distribution partner Orphan Pacific. Noden product revenue in the US was down slightly (1%) in the quarter compared to Q118, and the future of Tekturna in the US is now in question following a settlement agreement with Anchen Pharmaceuticals, which would allow it to enter with a generic in the US after March 1, 2019. Subsequently, the company reported a $152.3m impairment of its Noden intangible asset with the estimated fair value now at $40.1m.

Last updated on 16/08/2018

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2016A 244.3 193.1 175.5 77.72 3.0 3.8
2017A 320.1 218.8 200.3 81.33 2.9 8.9
2018E 176.1 53.7 47.8 37.10 6.3 N/A
2019E 145.5 38.5 41.1 23.40 10.0 N/A

Last updated on 16/08/2018

Latest video

Executive Interview - PDL BioPharma

Industry outlook

PDL BioPharma is one of the only companies that will give broad exposure to diverse royalty streams as well as corporate debt and high margin approved products.

Last updated on 27/07/2018

Key management

John Mclaughlin, CEO
Peter Garcia , CFO

Company address

932 Southwood Blvd.
Incline Village
NV 89451
United States
775-832-8500
View website