As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners.
One of the cheapest stocks in our Stock Screeners is Innoviva Inc (NASDAQ: INVA).
Innoviva Inc develops biopharmaceutical drugs in the antibiotic, respiratory, and digestive realms. Theravance’s respiratory compounds are in late-stage trials for asthma and chronic obstructive pulmonary disease. Its product offering includes Relvar/Breo/Ellipta, Anoro, Ellipta, Trelegy, Ellipta and others. The firm collaborates with and receives funding from GlaxoSmithKline.
A quick look at the share price history for Innoviva (below) over the past twelve months shows that the price is down 7%. Here’s why the company is undervalued.
Market Cap: $1.20 Billion
Enterprise Value: $1.41 Billion
Operating Earnings: $318 Million
Acquirer’s Multiple: 4.45
Free Cash Flow (TTM)
Free Cash Flow: $313 Million
FCF/EV Yield: 22%
Piotroski F-Score: 5
Altman Z-Score: 2.78
Beneish M-Score: -2.56
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