WallStSmart

Ligand Pharmaceuticals Incorporated (LGND)vsBeiGene, Ltd. (ONC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

BeiGene, Ltd. generates 2009% more annual revenue ($6.13B vs $290.54M). LGND leads profitability with a 67.9% profit margin vs 10.7%. ONC appears more attractively valued with a PEG of 0.75. 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

ONC

Buy

64

out of 100

Grade: C+

Growth: 9.3Profit: 6.5Value: 6.7Quality: 7.0
Piotroski: 5/9Altman Z: 0.75
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
ONCUndervalued (+80.1%)

Margin of Safety

+80.1%

Fair Value

$1767.21

Current Price

$350.84

$1416.37 discount

UndervaluedFair: $1767.21Overvalued

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

ONC4 strengths · Avg: 8.8/10
EPS GrowthGrowth
166.7%10/10

Earnings expanding 166.7% YoY

Debt/EquityHealth
0.229/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.758/10

Growing faster than its price suggests

Revenue GrowthGrowth
29.6%8/10

Revenue surging 29.6% year-over-year

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

ONC2 concerns · Avg: 2.0/10
P/E RatioValuation
62.9x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.752/10

Distress zone — elevated risk

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 : ONC

The strongest argument for ONC centers on EPS Growth, Debt/Equity, PEG Ratio. Revenue growth of 29.6% demonstrates continued momentum. PEG of 0.75 suggests the stock is reasonably priced for its growth.

Bear Case : LGND

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

Bear Case : ONC

The primary concerns for ONC are P/E Ratio, Altman Z-Score. A P/E of 62.9x leaves little room for execution misses.

Key Dynamics to Monitor

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

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

ONC generates stronger free cash flow (596M), providing more financial flexibility.

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

Bottom Line

LGND scores higher overall (67/100 vs 64/100), backed by strong 67.9% margins and 33.7% revenue growth. ONC offers better value entry with a 80.1% margin of safety. Both earn "Strong Buy" and "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.

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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BeiGene, Ltd.

HEALTHCARE · BIOTECHNOLOGY · USA

BeiGene, Ltd., an oncology company, engages in discovering and developing various treatments for cancer patients in the United States, China, Europe, and internationally. The company is headquartered in Camana Bay, the Cayman Islands.

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