WallStSmart

argenx NV ADR (ARGX)vsLigand Pharmaceuticals Incorporated (LGND)

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Smart Verdict

WallStSmart Research — data-driven comparison

argenx NV ADR generates 1837% more annual revenue ($5.32B vs $274.48M). LGND leads profitability with a 55.9% profit margin vs 32.3%. ARGX appears more attractively valued with a PEG of 1.47. ARGX earns a higher WallStSmart Score of 73/100 (B).

ARGX

Strong Buy

73

out of 100

Grade: B

Growth: 10.0Profit: 9.5Value: 6.7Quality: 8.5
Piotroski: 3/9Altman Z: 4.92

LGND

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 8.5Value: 4.0Quality: 8.0
Piotroski: 4/9Altman Z: 2.79
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARGXUndervalued (+65.6%)

Margin of Safety

+65.6%

Fair Value

$2427.69

Current Price

$844.50

$1583.19 discount

UndervaluedFair: $2427.69Overvalued
LGNDOvervalued (-14.8%)

Margin of Safety

-14.8%

Fair Value

$161.95

Current Price

$300.79

$138.84 premium

UndervaluedFair: $161.95Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARGX6 strengths · Avg: 10.0/10
Return on EquityProfitability
30.8%10/10

Every $100 of equity generates 31 in profit

Profit MarginProfitability
32.3%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
32.0%10/10

Strong operational efficiency at 32.0%

Revenue GrowthGrowth
59.3%10/10

Revenue surging 59.3% year-over-year

EPS GrowthGrowth
95.2%10/10

Earnings expanding 95.2% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

LGND3 strengths · Avg: 10.0/10
Profit MarginProfitability
55.9%10/10

Keeps 56 of every $100 in revenue as profit

Operating MarginProfitability
33.6%10/10

Strong operational efficiency at 33.6%

EPS GrowthGrowth
103.2%10/10

Earnings expanding 103.2% YoY

Areas to Watch

ARGX3 concerns · Avg: 3.0/10
P/E RatioValuation
33.2x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Price/BookValuation
178.5x2/10

Trading at 178.5x book value

LGND2 concerns · Avg: 4.0/10
PEG RatioValuation
1.534/10

Expensive relative to growth rate

P/E RatioValuation
37.4x4/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : ARGX

The strongest argument for ARGX centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 32.3% and operating margin at 32.0%. Revenue growth of 59.3% demonstrates continued momentum.

Bull Case : LGND

The strongest argument for LGND centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 55.9% and operating margin at 33.6%. Revenue growth of 14.1% demonstrates continued momentum.

Bear Case : ARGX

The primary concerns for ARGX are P/E Ratio, Piotroski F-Score, Price/Book.

Bear Case : LGND

The primary concerns for LGND are PEG Ratio, P/E Ratio.

Key Dynamics to Monitor

ARGX profiles as a growth stock while LGND is a mature play — different risk/reward profiles.

LGND carries more volatility with a beta of 0.98 — expect wider price swings.

ARGX is growing revenue faster at 59.3% — sustainability is the question.

Monitor BIOTECHNOLOGY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ARGX scores higher overall (73/100 vs 67/100), backed by strong 32.3% margins and 59.3% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

argenx NV ADR

HEALTHCARE · BIOTECHNOLOGY · USA

argenx SE, a clinical-phase biotechnology company, focuses on the development of antibody-based therapies for the treatment of autoimmune diseases, hematology and cancer. The company is headquartered in Breda, the Netherlands.

Ligand Pharmaceuticals Incorporated

HEALTHCARE · BIOTECHNOLOGY · USA

Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, focuses on developing or acquiring technologies that help pharmaceutical companies discover and develop drugs globally. The company is headquartered in San Diego, California.

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