WallStSmart

Insmed Inc (INSM)vsLigand Pharmaceuticals Incorporated (LGND)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Insmed Inc generates 126% more annual revenue ($606.42M vs $268.09M). LGND leads profitability with a 46.4% profit margin vs -210.5%. INSM appears more attractively valued with a PEG of 1.09. LGND earns a higher WallStSmart Score of 71/100 (B).

INSM

Hold

39

out of 100

Grade: F

Growth: 8.0Profit: 2.0Value: 6.7Quality: 6.3
Piotroski: 6/9Altman Z: -3.77

LGND

Strong Buy

71

out of 100

Grade: B

Growth: 9.3Profit: 7.5Value: 10.0Quality: 9.0
Piotroski: 4/9Altman Z: 6.43
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for INSM.

LGNDUndervalued (+35.1%)

Margin of Safety

+35.1%

Fair Value

$286.42

Current Price

$204.81

$81.61 discount

UndervaluedFair: $286.42Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

INSM1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
152.6%10/10

Revenue surging 152.6% year-over-year

LGND5 strengths · Avg: 10.0/10
Profit MarginProfitability
46.4%10/10

Keeps 46 of every $100 in revenue as profit

Operating MarginProfitability
33.6%10/10

Strong operational efficiency at 33.6%

Revenue GrowthGrowth
39.4%10/10

Revenue surging 39.4% year-over-year

EPS GrowthGrowth
103.2%10/10

Earnings expanding 103.2% YoY

Altman Z-ScoreHealth
6.4310/10

Safe zone — low bankruptcy risk

Areas to Watch

INSM4 concerns · Avg: 2.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Price/BookValuation
39.4x2/10

Trading at 39.4x book value

Return on EquityProfitability
-249.3%2/10

ROE of -249.3% — below average capital efficiency

Free Cash FlowQuality
$-294.19M2/10

Negative free cash flow — burning cash

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

Expensive relative to growth rate

P/E RatioValuation
33.5x4/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : INSM

The strongest argument for INSM centers on Revenue Growth. Revenue growth of 152.6% demonstrates continued momentum. PEG of 1.09 suggests the stock is reasonably priced for its growth.

Bull Case : LGND

The strongest argument for LGND centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 46.4% and operating margin at 33.6%. Revenue growth of 39.4% demonstrates continued momentum.

Bear Case : INSM

The primary concerns for INSM are EPS Growth, Price/Book, Return on Equity.

Bear Case : LGND

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

Key Dynamics to Monitor

INSM profiles as a hypergrowth stock while LGND is a growth play — different risk/reward profiles.

INSM carries more volatility with a beta of 1.17 — expect wider price swings.

INSM is growing revenue faster at 152.6% — sustainability is the question.

LGND generates stronger free cash flow (46M), providing more financial flexibility.

Bottom Line

LGND scores higher overall (71/100 vs 39/100), backed by strong 46.4% margins and 39.4% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Insmed Inc

HEALTHCARE · BIOTECHNOLOGY · USA

Insmed Incorporated, a biopharmaceutical company, develops and markets therapies for patients with rare and serious diseases. The company is headquartered in Bridgewater, New Jersey.

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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