NasdaqGS:ACOR

Stock Analysis Report

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Executive Summary

Acorda Therapeutics, Inc., a biopharmaceutical company, develops and commercializes therapies for neurological disorders in the United States. More Details


Snowflake Analysis

Fair value with questionable track record.


Similar Companies

Share Price & News

How has Acorda Therapeutics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACOR is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: ACOR's weekly volatility (20%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-2.1%

ACOR

3.8%

US Biotechs

2.8%

US Market


1 Year Return

-56.8%

ACOR

24.5%

US Biotechs

20.9%

US Market

Return vs Industry: ACOR underperformed the US Biotechs industry which returned 23.4% over the past year.

Return vs Market: ACOR underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

ACORIndustryMarket
7 Day-2.1%3.8%2.8%
30 Day-24.4%12.2%11.1%
90 Day25.7%10.1%6.5%
1 Year-56.8%-56.8%26.6%24.5%23.6%20.9%
3 Year-96.7%-96.7%24.2%17.8%47.3%37.6%
5 Year-98.2%-98.2%13.7%5.9%94.3%72.9%

Long-Term Price Volatility Vs. Market

How volatile is Acorda Therapeutics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Acorda Therapeutics undervalued compared to its fair value and its price relative to the market?

0.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ACOR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ACOR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ACOR is good value based on its PE Ratio (0.7x) compared to the US Biotechs industry average (28.6x).

PE vs Market: ACOR is good value based on its PE Ratio (0.7x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: ACOR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ACOR is good value based on its PB Ratio (0.1x) compared to the US Biotechs industry average (3.6x).


Next Steps

Future Growth

How is Acorda Therapeutics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACOR's earnings are forecast to decline over the next 3 years (-4.8% per year).

Earnings vs Market: ACOR's earnings are forecast to decline over the next 3 years (-4.8% per year).

High Growth Earnings: ACOR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ACOR's revenue (7.8% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: ACOR's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ACOR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Acorda Therapeutics performed over the past 5 years?

-35.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACOR has a high level of non-cash earnings.

Growing Profit Margin: ACOR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ACOR has become profitable over the past 5 years, growing earnings by -35.7% per year.

Accelerating Growth: ACOR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ACOR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Biotechs industry (-11.8%).


Return on Equity

High ROE: ACOR's Return on Equity (15.7%) is considered low.


Next Steps

Financial Health

How is Acorda Therapeutics's financial position?


Financial Position Analysis

Short Term Liabilities: ACOR's short term assets ($151.8M) exceed its short term liabilities ($138.7M).

Long Term Liabilities: ACOR's short term assets ($151.8M) do not cover its long term liabilities ($258.2M).


Debt to Equity History and Analysis

Debt Level: ACOR's debt to equity ratio (73.2%) is considered high.

Reducing Debt: ACOR's debt to equity ratio has increased from 51.4% to 73.2% over the past 5 years.

Debt Coverage: ACOR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ACOR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Acorda Therapeutics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ACOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ACOR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACOR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACOR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACOR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average management tenure


CEO

Ron Cohen (64 yo)

25.83yrs

Tenure

US$2,039,558

Compensation

Dr. Ron Cohen, M.D., has been the Founder of Acorda Therapeutics, Inc. since 1995 and has been its Chief Executive Officer and President since 1995. Dr. Cohen served as Principal in the startup of Advanced...


CEO Compensation Analysis

Compensation vs Market: Ron's total compensation ($USD2.04M) is above average for companies of similar size in the US market ($USD561.31K).

Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ron Cohen
Founder25.83yrsUS$2.04m1.34%
$ 443.2k
David Lawrence
CTO, Chief of Business Operations & Principal Accounting Officer7.08yrsUS$912.82k0.031%
$ 10.3k
Jane Wasman
Consultant16.5yrsUS$2.41m0.24%
$ 81.2k
Lauren Sabella
Chief Commercial Officer10.83yrsUS$921.98k0.033%
$ 10.8k
Burkhard Blank
Chief Medical Officer and Head of R&D4.83yrsUS$1.20m0.093%
$ 30.7k
Felicia Vonella
Vice President of Investor Relationsno datano datano data
Andrew Mayer
Senior VP1yrno datano data
Tierney Saccavino
Executive Vice President of Corporate Communications5.83yrsno datano data
Denise Duca
Executive Vice President of Human Resources5.83yrsno datano data
Andrew Blight
Chief Scientific Officer Emeritus20.83yrsUS$1.48mno data
Peter Carbone
Executive Vice President of Quality1.67yrsno datano data
Wise Young
Special Scientific Advisor9.58yrsUS$10.00kno data

7.1yrs

Average Tenure

64yo

Average Age

Experienced Management: ACOR's management team is seasoned and experienced (7.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ron Cohen
Founder25.83yrsUS$2.04m1.34%
$ 443.2k
Lorin Randall
Independent Director14.83yrsUS$137.90k0%
$ 0
Carl Cotman
Member of Scientific Advisory Boardno datano datano data
Sandra Panem
Independent Director22.83yrsUS$135.90k0.0061%
$ 2.0k
Mark Tuszynski
Member of Scientific Advisory Boardno datano datano data
Melitta Schachner
Member of Scientific Advisory Boardno datano datano data
Patrick Tresco
Member of Scientific Advisory Boardno datano datano data
Stephen Waxman
Member of Scientific Advisory Boardno datano datano data
Mary Bunge
Member of Scientific Advisory Boardno datano datano data
James Fawcett
Member of Scientific Advisory Boardno datano datano data
Michael Beattie
Member of Scientific Advisory Boardno datano datano data
John Kelley
Independent Non-Executive Chairman1yrUS$160.90k0%
$ 0

18.8yrs

Average Tenure

73yo

Average Age

Experienced Board: ACOR's board of directors are seasoned and experienced ( 18.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Acorda Therapeutics, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acorda Therapeutics, Inc.
  • Ticker: ACOR
  • Exchange: NasdaqGS
  • Founded: 1995
  • Industry: Biotechnology
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: US$33.146m
  • Shares outstanding: 47.93m
  • Website: https://www.acorda.com

Number of Employees


Location

  • Acorda Therapeutics, Inc.
  • 420 Saw Mill River Road
  • Ardsley
  • New York
  • 10502
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDGDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2006
ACORNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 2006

Biography

Acorda Therapeutics, Inc., a biopharmaceutical company, develops and commercializes therapies for neurological disorders in the United States. The company markets Ampyra (dalfampridine), an oral drug to im...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 00:22
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.