WallStSmart

Ligand Pharmaceuticals Incorporated (LGND)vsModerna Inc (MRNA)

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Smart Verdict

WallStSmart Research — data-driven comparison

Moderna Inc generates 667% more annual revenue ($2.23B vs $290.54M). LGND leads profitability with a 67.9% profit margin vs -141.4%. LGND earns a higher WallStSmart Score of 67/100 (B-).

LGND

Strong Buy

67

out of 100

Grade: B-

Growth: 9.3Profit: 7.5Value: 4.7Quality: 7.0
Piotroski: 4/9Altman Z: 2.79

MRNA

Avoid

21

out of 100

Grade: F

Growth: 2.7Profit: 2.0Value: 6.7Quality: 7.5
Piotroski: 3/9Altman Z: 2.09
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

LGNDOvervalued (-7.0%)

Margin of Safety

-7.0%

Fair Value

$173.85

Current Price

$283.49

$109.64 premium

UndervaluedFair: $173.85Overvalued
MRNAUndervalued (+69.9%)

Margin of Safety

+69.9%

Fair Value

$134.69

Current Price

$154.04

$19.35 discount

UndervaluedFair: $134.69Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

LGND3 strengths · Avg: 10.0/10
Profit MarginProfitability
67.9%10/10

Keeps 68 of every $100 in revenue as profit

Revenue GrowthGrowth
33.7%10/10

Revenue surging 33.7% year-over-year

EPS GrowthGrowth
825.0%10/10

Earnings expanding 825.0% YoY

MRNA2 strengths · Avg: 9.0/10
Market CapQuality
$56.02B9/10

Large-cap with strong market position

Debt/EquityHealth
0.199/10

Conservative balance sheet, low leverage

Areas to Watch

LGND3 concerns · Avg: 3.7/10
PEG RatioValuation
1.534/10

Expensive relative to growth rate

P/E RatioValuation
29.8x4/10

Moderate valuation

Debt/EquityHealth
1.173/10

Elevated debt levels

MRNA4 concerns · Avg: 3.3/10
Price/BookValuation
9.1x4/10

Trading at 9.1x book value

Revenue GrowthGrowth
2.1%4/10

2.1% revenue growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-46.6%2/10

ROE of -46.6% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : LGND

The strongest argument for LGND centers on Profit Margin, Revenue Growth, EPS Growth. Profitability is solid with margins at 67.9% and operating margin at 13.5%. Revenue growth of 33.7% demonstrates continued momentum.

Bull Case : MRNA

The strongest argument for MRNA centers on Market Cap, Debt/Equity.

Bear Case : LGND

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

Bear Case : MRNA

The primary concerns for MRNA are Price/Book, Revenue Growth, Piotroski F-Score.

Key Dynamics to Monitor

LGND profiles as a growth stock while MRNA is a turnaround play — different risk/reward profiles.

MRNA carries more volatility with a beta of 1.11 — expect wider price swings.

LGND is growing revenue faster at 33.7% — sustainability is the question.

LGND generates stronger free cash flow (24M), providing more financial flexibility.

Bottom Line

LGND scores higher overall (67/100 vs 21/100), backed by strong 67.9% margins and 33.7% revenue growth. MRNA offers better value entry with a 69.9% margin of safety. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

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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Moderna Inc

HEALTHCARE · BIOTECHNOLOGY · USA

Moderna, Inc., a biotechnology company, develops messenger RNA-based vaccines and therapies for the treatment of infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and autoimmune diseases. The company is headquartered in Cambridge, Massachusetts.

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