Added to YB: 2022-12-29
Pitch date: 2022-12-29
ELAN [bullish]
Elanco Animal Health Incorporated
+96.76%
current return
Author Info
No bio for this author
Company Info
Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for pets and farm animals worldwide.
Market Cap
$11.8B
Pitch Price
$12.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.38
P/E
-58.34
EV/Sales
3.09
Sector
Pharmaceuticals
Category
turnaround
Why Animal Health Leader Elanco Crashed 65% & How It Can Be Fixed
ELAN: #2 animal health player down 65% since 2018 IPO on botched $7B Bayer deal, high debt & subpar mgmt. Trades 11x fwd P/E, 7x 2023 CF, 12x EV/EBITDA vs Zoetis 22x, 1.2x rev vs ZTS 8x. Activists Starboard & Sachem Head ($1B in) pushing margin fixes; Starboard targets $47-91 vs $12. Levered equity = 3-4x upside if turnaround works, but could halve if not. High-risk/high-reward.
Read full article (13 min)