Revance Therapeutics
Market Cap
US$1.6b
Last Updated
2020/11/28 23:52 UTC
Data Sources
Company Financials +
Executive Summary
Revance Therapeutics, Inc., a biotechnology company, engages in the development, manufacture, and commercialization of neuromodulators for various aesthetic and therapeutic indications in the United States and internationally. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Revance Therapeutics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RVNC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: RVNC's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
3.2%
RVNC
0.06%
US Pharmaceuticals
2.8%
US Market
1 Year Return
38.5%
RVNC
5.6%
US Pharmaceuticals
20.9%
US Market
Return vs Industry: RVNC exceeded the US Pharmaceuticals industry which returned 5.7% over the past year.
Return vs Market: RVNC exceeded the US Market which returned 20.7% over the past year.
Shareholder returns
| RVNC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 0.06% | 2.8% |
| 30 Day | -4.7% | 6.4% | 11.1% |
| 90 Day | -14.8% | -2.0% | 6.5% |
| 1 Year | 38.5%38.5% | 8.4%5.6% | 23.6%20.9% |
| 3 Year | -10.3%-10.3% | 23.8%14.7% | 47.3%37.6% |
| 5 Year | -37.1%-37.1% | 36.2%20.6% | 94.3%72.9% |
Long-Term Price Volatility Vs. Market
How volatile is Revance Therapeutics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Revance Therapeutics, Inc. (NASDAQ:RVNC) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year1 month ago | Simply Wall St
Is Revance Therapeutics (NASDAQ:RVNC) Using Too Much Debt?3 months ago | Simply Wall St
What Is The Ownership Structure Like For Revance Therapeutics, Inc. (NASDAQ:RVNC)?Valuation
Is Revance Therapeutics undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RVNC ($24.79) is trading below our estimate of fair value ($171.27)
Significantly Below Fair Value: RVNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RVNC is unprofitable, so we can't compare its PE Ratio to the US Pharmaceuticals industry average.
PE vs Market: RVNC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RVNC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RVNC is overvalued based on its PB Ratio (4.4x) compared to the US Pharmaceuticals industry average (3.6x).
Next Steps
Future Growth
How is Revance Therapeutics forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
39.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RVNC is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RVNC is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RVNC is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RVNC's revenue (63.8% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: RVNC's revenue (63.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RVNC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Revance Therapeutics performed over the past 5 years?
-22.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RVNC is currently unprofitable.
Growing Profit Margin: RVNC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RVNC is unprofitable, and losses have increased over the past 5 years at a rate of 22.4% per year.
Accelerating Growth: Unable to compare RVNC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RVNC is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (16.8%).
Return on Equity
High ROE: RVNC has a negative Return on Equity (-66.81%), as it is currently unprofitable.
Next Steps
Financial Health
How is Revance Therapeutics's financial position?
Financial Position Analysis
Short Term Liabilities: RVNC's short term assets ($450.1M) exceed its short term liabilities ($63.7M).
Long Term Liabilities: RVNC's short term assets ($450.1M) exceed its long term liabilities ($275.6M).
Debt to Equity History and Analysis
Debt Level: RVNC's debt to equity ratio (47.6%) is considered high.
Reducing Debt: RVNC's debt to equity ratio has increased from 6.3% to 47.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RVNC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RVNC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Revance Therapeutics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RVNC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RVNC'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 RVNC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RVNC'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 RVNC'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?
2.0yrs
Average management tenure
CEO
Mark Foley (55 yo)
1.08yrs
Tenure
US$17,707,071
Compensation
Mr. Mark J. Foley serves as President and Chief Executive Officer at Revance Therapeutics, Inc. since October 13, 2019. He served as the Managing Director of RWI Ventures from 2004 to 2018. Mr. Foley joine...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD17.71M) is above average for companies of similar size in the US market ($USD4.17M).
Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$17.71m | 1.26% $ 20.8m | |
| CFO & Principal Accounting Officer | 2yrs | US$1.01m | 0.075% $ 1.2m | |
| COO, President of R&D and Product Operations | 4.92yrs | US$1.91m | 0.17% $ 2.8m | |
| Chief Commercial Officer of Aesthetics & Therapeutics | 2yrs | US$801.02k | 0.068% $ 1.1m | |
| President of Innovation & Technology and Director | 0.33yr | no data | 1.31% $ 21.6m | |
| Senior VP | 0.75yr | no data | 0.050% $ 818.4k | |
| Senior Director of Investor Relations & Corporate Communications | 3.92yrs | no data | no data | |
| Vice President of Marketing | 1.58yrs | no data | no data | |
| Senior VP of Human Resources & Head of People | 3.42yrs | no data | no data | |
| Senior Vice President of Technical Operations | 0.67yr | no data | no data | |
| Senior Vice President of Clinical Development | no data | no data | no data | |
| Head of Medical Affairs & Aesthetics | 2.5yrs | no data | no data |
2.0yrs
Average Tenure
45yo
Average Age
Experienced Management: RVNC's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$17.71m | 1.26% $ 20.8m | |
| President of Innovation & Technology and Director | 0.33yr | no data | 1.31% $ 21.6m | |
| Independent Chairman | 6.67yrs | US$209.95k | 0.025% $ 409.0k | |
| Independent Director | 13.92yrs | US$172.95k | 0.025% $ 409.0k | |
| Independent Director | 16.25yrs | US$187.95k | 0.045% $ 747.8k | |
| Independent Director | 1.42yrs | US$236.75k | 0.023% $ 371.9k | |
| Independent Director | 5.75yrs | US$173.45k | 0.030% $ 487.2k | |
| Independent Director | 4.33yrs | US$172.30k | 0.025% $ 409.0k | |
| Independent Director | 1.33yrs | US$255.88k | 0.023% $ 371.9k |
4.3yrs
Average Tenure
62yo
Average Age
Experienced Board: RVNC's board of directors are considered experienced (4.3 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 been diluted in the past year, with total shares outstanding growing by 47.5%.
Top Shareholders
Company Information
Revance Therapeutics, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Revance Therapeutics, Inc.
- Ticker: RVNC
- Exchange: NasdaqGM
- Founded: 1999
- Industry: Pharmaceuticals
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$1.650b
- Shares outstanding: 66.55m
- Website: https://www.revance.com
Number of Employees
Location
- Revance Therapeutics, Inc.
- 7555 Gateway Boulevard
- Newark
- California
- 94560
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RVNC | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Feb 2014 |
| RTI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 2014 |
Biography
Revance Therapeutics, Inc., a biotechnology company, engages in the development, manufacture, and commercialization of neuromodulators for various aesthetic and therapeutic indications in the United States...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/28 23:52 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.