MannKind Corporation

NasdaqGM:MNKD Stock Report

Market Cap: US$1.6b

MannKind Valuation

Is MNKD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MNKD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MNKD ($5.94) is trading below our estimate of fair value ($24.62)

Significantly Below Fair Value: MNKD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MNKD?

Key metric: As MNKD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MNKD. This is calculated by dividing MNKD's market cap by their current earnings.
What is MNKD's PE Ratio?
PE Ratio76x
EarningsUS$21.57m
Market CapUS$1.64b

Price to Earnings Ratio vs Peers

How does MNKD's PE Ratio compare to its peers?

The above table shows the PE ratio for MNKD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.1x
CPRX Catalyst Pharmaceuticals
17.8x17.5%US$2.6b
AGIO Agios Pharmaceuticals
3.3x-56.4%US$2.4b
ADMA ADMA Biologics
61.4x30.5%US$4.4b
ACAD ACADIA Pharmaceuticals
21.9x26.5%US$2.9b
MNKD MannKind
76x39.7%US$1.6b

Price-To-Earnings vs Peers: MNKD is expensive based on its Price-To-Earnings Ratio (76x) compared to the peer average (26.1x).

Price to Earnings Ratio vs Industry

How does MNKD's PE Ratio compare vs other companies in the US Biotechs Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROIV Roivant Sciences
1.9x-58.7%US$8.84b
AGIO Agios Pharmaceuticals
3.3x-56.4%US$2.39b
INBX Inhibrx Biosciences
0.1xn/aUS$210.62m
DTIL Precision BioSciences
2.8x-41.0%US$35.13m
MNKD 76.0xIndustry Avg. 15.4xNo. of Companies11PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MNKD is expensive based on its Price-To-Earnings Ratio (76x) compared to the US Biotechs industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is MNKD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNKD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio76x
Fair PE Ratio32.1x

Price-To-Earnings vs Fair Ratio: MNKD is expensive based on its Price-To-Earnings Ratio (76x) compared to the estimated Fair Price-To-Earnings Ratio (32.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MNKD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$5.94
US$9.25
+55.7%
19.3%US$12.00US$7.00n/a4
Dec ’25US$6.78
US$9.25
+36.4%
19.3%US$12.00US$7.00n/a4
Nov ’25US$7.17
US$8.00
+11.6%
31.9%US$12.00US$5.00n/a4
Oct ’25US$6.26
US$7.88
+25.8%
33.1%US$12.00US$5.00n/a4
Sep ’25US$6.26
US$7.63
+21.8%
34.5%US$12.00US$5.00n/a4
Aug ’25US$5.55
US$6.25
+12.6%
12.0%US$7.00US$5.00n/a4
Jul ’25US$5.09
US$7.08
+39.2%
21.3%US$10.00US$5.00n/a6
Jun ’25US$4.67
US$7.08
+51.7%
21.3%US$10.00US$5.00n/a6
May ’25US$4.34
US$7.08
+63.2%
21.3%US$10.00US$5.00n/a6
Apr ’25US$4.34
US$7.08
+63.2%
21.3%US$10.00US$5.00n/a6
Mar ’25US$4.50
US$7.08
+57.4%
21.3%US$10.00US$5.00n/a6
Feb ’25US$3.41
US$6.92
+102.8%
23.4%US$10.00US$5.00n/a6
Jan ’25US$3.64
US$6.92
+90.0%
23.4%US$10.00US$5.00n/a6
Dec ’24US$3.77
US$6.92
+83.5%
23.4%US$10.00US$5.00US$6.786
Nov ’24US$4.03
US$7.25
+79.9%
20.6%US$10.00US$5.00US$7.176
Oct ’24US$4.13
US$6.70
+62.2%
13.8%US$7.50US$5.00US$6.265
Sep ’24US$4.63
US$6.70
+44.7%
13.8%US$7.50US$5.00US$6.265
Aug ’24US$4.49
US$6.40
+42.5%
11.5%US$7.00US$5.00US$5.555
Jul ’24US$4.07
US$6.40
+57.2%
11.5%US$7.00US$5.00US$5.095
Jun ’24US$4.48
US$6.40
+42.9%
11.5%US$7.00US$5.00US$4.675
May ’24US$3.96
US$6.40
+61.6%
11.5%US$7.00US$5.00US$4.345
Apr ’24US$4.10
US$6.67
+62.6%
13.5%US$8.00US$5.00US$4.346
Mar ’24US$4.83
US$6.67
+38.0%
13.5%US$8.00US$5.00US$4.506
Feb ’24US$5.27
US$6.17
+17.0%
15.3%US$8.00US$5.00US$3.416
Jan ’24US$5.27
US$6.17
+17.0%
15.3%US$8.00US$5.00US$3.646
Dec ’23US$4.66
US$6.17
+32.3%
15.3%US$8.00US$5.00US$3.776

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 00:53
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MannKind Corporation is covered by 26 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas RussoBaird
Stephen V. ByrneBofA Global Research
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