Henkja schreef op 7 september 2017 11:45:
Door van Leeuwenhoek finance research 7-9-2017
Valuation
Based on our NPV based valuation, we believe that Pharming is substantially undervalued at the current share price of EUR 0.44. We have increased our valuation for the company taking into account higher than expected future revenues from RUCONEST® for both acute and prophylactic use. the company’s current total value should increased from EUR 660 million to EUR 940 million, which translates, based on an expected number of outstanding shares of approximately 609 million, into EUR 1.54 per share. At this moment we do not address value to other programs in Pharming’s pipeline. This conservative approach offers potential upside for the share price.