Madrigal Pharmaceuticals, Inc.

Madrigal Pharmaceuticals, Inc.

MDGL·NASDAQ

$488.15

+7.8%
HealthcareBiotechnology

Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. Its lead product candidate is resmetirom, a liver-directed selective thyroid hormone receptor-ß agonist, which is in Phase III clinical trials for the treatment of non-alcoholic steatohepatitis. The company also develops MGL-3745, a backup compound to resmetirom. It has research, development, and commercialization agreement with Hoffmann-La Roche. Madrigal Pharmaceuticals, Inc. is headquartered in West Conshohocken, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$11.25B
EPS-12.8500
P/E Ratio-37.99
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -38.0).

Valuation inputs: P/E -38.0, earnings yield N/A, momentum +7.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -47.8%, ROIC -31.6%).

Profitability stack: net margin -30.1%, ROE -47.8%, ROIC -31.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +52.2%, momentum +7.8%, net margin -30.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

mdgl

Madrigal Pharmaceuticals, Inc. Market vs Earnings Trajectory

MDGL · NASDAQ

Loading price and EPS data...

Madrigal Pharmaceuticals, Inc.

Madrigal Pharmaceuticals, Inc. Fair Value Envelope

MDGL · NASDAQ

Our analysis suggests that MDGL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $488.15, this represents a potential HIDDEN relative to our calculated worth for Madrigal Pharmaceuticals, Inc..

Intrinsic Value
Current Price: $488.15
3Y-25.0%
5Y-2.0%
10Y+153.0%
3Y-
5Y-
10Y-
3Y-2.0%
5Y+43.0%
10Y+992.0%
3Y-16.0%
5Y+20.0%
10Y+977.0%
3Y-16.0%
5Y+20.0%
10Y+979.0%
3Y+247.0%
5Y+339.0%
10Y+2957.0%
Madrigal Pharmaceuticals, Inc.

Madrigal Pharmaceuticals, Inc. Profit Bridge

MDGL · NASDAQ
Revenue958.40M
Cost of Goods Sold (56.15M)
Gross Profit902.25M
Operating Expenses (1.20B)
Operating Income-300.10M
Interest Expense (22.31M)
Other Income/Expense11.81M
Pretax Income-288.28M
Income Tax (0.00)
Net Income-288.28M
Net Income
-288.28M

Profitability Analysis

Gross Margin

94.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-31.3%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-30.1%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

94.14%
Gross Profit Margin
-2%
3Y-
5Y-
10Y-
-31.31%
Operating Profit Margin
-89%
3Y-
5Y-
10Y-
-30.08%
Net Profit Margin
-88%
3Y-
5Y-
10Y-
-47.83%
Return on Equity
-23%
3Y-68.0%
5Y-43.0%
10Y-34.0%
-22.89%
Return on Assets
-49%
3Y-72.0%
5Y-68.0%
10Y-64.0%
-31.58%
Return on Invested Capital
-45%
3Y-73.0%
5Y-63.0%
10Y-54.0%
MDGL

Madrigal Pharmaceuticals, Inc. Cash Conversion Engine

MDGL · NASDAQ
Net Income-288.28M
Depreciation & Amortization4.72M
Stock-Based Compensation98.13M
Change in Working Capital-8.50M
Others4.38M
Capital Expenditures-467.00K
Free Cash Flow-190.02M

Cash Flow Quality Analysis

FCF Conversion Rate

65.9%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-0.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+58.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$8.50M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

mdgl

Madrigal Pharmaceuticals, Inc. Funding & Solvency Profile

MDGL · NASDAQ
Cash & Cash Equivalents227.03M
Net Receivables187.36M
Inventory112.07M
Other Current Assets70.11M
Total Current Assets1 B
Property, Plant & Equipment14.24M
Goodwill & Intangible Assets7.28M
Long-Term Investments0.00
Other Non-Current Assets23.50M
Total Non-Current Assets38 M
Total Assets
1.23B

Financial Health Analysis

Current Ratio

3.50x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.39x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

844 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

96% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

mdgl

Madrigal Pharmaceuticals, Inc. Street Expectations Map

MDGL · NASDAQ

Wall Street analysts project that MDGL stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 731.25, with estimates ranging from a low of 571.00 to a high of 964.00.

Lowest Target
571.00
16.97%
Consensus Target
731.25
49.80%
Highest Target
964.00
97.48%

The consensus 1-year price target stands at 731.25, with estimates ranging from a low of 571.00 to a high of 964.00.

Analyst Consensus Analysis

Upside Potential

+49.8%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

53.7% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

mdgl

Madrigal Pharmaceuticals, Inc. Insider Positioning

MDGL · NASDAQ

During the last 12 months, insiders have purchased $245K and sold $13.11M worth of MDGL shares, resulting in $12.86M of net selling activity.

3 Months

Bought

0

0.00

Sold

2.6K

1.25M

Net Activity

-1.3M

-$1.25M

3-6 Months

Bought

0

0.00

Sold

2.7K

1.30M

Net Activity

-1.3M

-$1.30M

6-9 Months

Bought

0

0.00

Sold

11.0K

5.34M

Net Activity

-5.3M

-$5.34M

9-12 Months

Bought

657

245.24K

Sold

14.3K

5.22M

Net Activity

-5.0M

-$4.98M

Top Buyers

1
BBAL

Baker Bros. Advisors Lp

Director

657 shares2 transactions

$245K

Top Sellers

1
SWJ

Sibold William John

Director, Officer: President And Ceo

10.8K shares3 transactions

$5.08M

2
FPA

Friedman Paul A

Director

9.3K shares8 transactions

$3.54M

3
TR

Taub Rebecca

Director

3.9K shares5 transactions

$1.38M

4
DM

Dier Mardi

Officer: Evp And Cfo

2.1K shares3 transactions

$967K

5
SD

Soergel David

Officer: Chief Medical Officer

1.9K shares2 transactions

$952K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $12.86M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.02:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$1.25M

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

No Dividend Yield Data

MDGL has not reported any dividend yield values in the available annual periods.

 

mdgl Dividend History

MDGL
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%