MediciNova, Inc.

MediciNova, Inc.

MNOVยทNASDAQ

$1.32

-1.4%
HealthcareBiotechnology

MediciNova, Inc., a biopharmaceutical company, focuses on developing novel and small molecule therapeutics for the treatment of serious diseases with unmet medical needs in the United States. The company is developing MN-166 (ibudilast), an oral anti-inflammatory and neuroprotective agent for treating neurological disorders, such as primary and secondary progressive multiple sclerosis, amyotrophic lateral sclerosis, chemotherapy-induced peripheral neuropathy, degenerative cervical myelopathy, glioblastoma, and substance dependence and addiction. Its product pipeline also includes MN-221 (bedoradrine), a selective beta-2-adrenergic receptor agonist for the treatment of acute exacerbations of asthma; MN-001 (tipelukast), an orally bioavailable small molecule compound to treat fibrotic diseases, including nonalcoholic steatohepatitis and idiopathic pulmonary fibrosis; and MN-029 (denibulin), a tubulin binding agent for treating solid tumor cancers. The company has collaboration agreements with Kissei Pharmaceutical Co., Ltd.; Kyorin Pharmaceutical Co., Ltd; Angiogene Pharmaceuticals Ltd.; and Meiji Seika Kaisha Ltd. MediciNova, Inc. was incorporated in 2000 and is headquartered in La Jolla, California.

At a Glance

Live Snapshot
Market Cap$64.97M
EPS-0.2400
P/E Ratio-5.50
Earnings Date08/13/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -5.5).

Valuation inputs: P/E -5.5, earnings yield N/A, momentum -1.4%.

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

Driver

High confidence

Return profile is soft (ROE -28.8%, ROIC -31.6%).

Profitability stack: net margin -29.3%, ROE -28.8%, 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 +8.8%, momentum -1.4%, net margin -29.3%.

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

mnov

MediciNova, Inc. Market vs Earnings Trajectory

MNOV ยท NASDAQ

Loading price and EPS data...

MediciNova, Inc.

MediciNova, Inc. Fair Value Envelope

MNOV ยท NASDAQ

Our analysis suggests that MNOV has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $1.32, this represents a potential HIDDEN relative to our calculated worth for MediciNova, Inc..

Intrinsic Value
Current Price: $1.32
3Y-17.0%
5Y-23.0%
10Y-27.0%
3Y-
5Y-
10Y-
3Y-15.0%
5Y-13.0%
10Y+10.0%
3Y-24.0%
5Y-9.0%
10Y+50.0%
3Y-24.0%
5Y-10.0%
10Y+48.0%
3Y-39.0%
5Y-40.0%
10Y+15.0%
MediciNova, Inc.

MediciNova, Inc. Profit Bridge

MNOV ยท NASDAQ
Revenue409.66K
Cost of Goods Sold (378.61K)
Gross Profit31.05K
Operating Expenses (13.31M)
Operating Income-13.28M
Interest Expense (0.00)
Other Income/Expense1.29M
Pretax Income-11.99M
Income Tax (5.99K)
Net Income-12.00M
Net Income
-12.00M

Profitability Analysis

Gross Margin

7.6%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-3242.5%

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

Net Profit Margin

-2928.8%

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

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

7.58%
Gross Profit Margin
3Y-
5Y-
10Y-
-3242.47%
Operating Profit Margin
3Y-
5Y-
10Y-
-2928.78%
Net Profit Margin
3Y-
5Y-
10Y-
-28.85%
Return on Equity
37%
3Y+44.0%
5Y+49.0%
10Y-8.0%
-26.31%
Return on Assets
33%
3Y+39.0%
5Y+43.0%
10Y-4.0%
-31.63%
Return on Invested Capital
33%
3Y+54.0%
5Y+64.0%
10Y+11.0%
MNOV

MediciNova, Inc. Cash Conversion Engine

MNOV ยท NASDAQ
Net Income-12.00M
Depreciation & Amortization20.10K
Stock-Based Compensation829.10K
Change in Working Capital459.87K
Others878.83K
Capital Expenditures0.00
Free Cash Flow-9.81M

Cash Flow Quality Analysis

FCF Conversion Rate

81.8%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

FCF Growth Trend

+7.8%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

+$459.87K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

mnov

MediciNova, Inc. Funding & Solvency Profile

MNOV ยท NASDAQ
Cash & Cash Equivalents27.33B
Net Receivables245.10M
Inventory0.00
Other Current Assets571.54M
Total Current Assets28 B
Property, Plant & Equipment158.56M
Goodwill & Intangible Assets9.60B
Long-Term Investments0.00
Other Non-Current Assets4.80B
Total Non-Current Assets5 B
Total Assets
42.70B

Financial Health Analysis

Current Ratio

9.09x

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

Debt-to-Equity Ratio

0.08x

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

Working Capital

25 B

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

Asset Composition

66% 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.

mnov

MediciNova, Inc. Street Expectations Map

MNOV ยท NASDAQ

No Target Data

No analyst price targets available for mnov.

mnov

MediciNova, Inc. Insider Positioning

MNOV ยท NASDAQ

During the last 12 months, insiders have purchased $76K worth of MNOV shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

60.0K

75.60K

Sold

0

0.00

Net Activity

+76K

+$76K

Top Buyers

1
LN

Lemerond Nicole

Director

20.0K sharesโ€ข1 transactions

$25K

2
NH

Nagao Hideki

Director

20.0K sharesโ€ข1 transactions

$25K

3
BC

Beaver Carolyn

Director

20.0K sharesโ€ข1 transactions

$25K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $76K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

โˆž:1

Perfect buy/sell ratio. Only buying activity with zero sellingโ€”the most bullish possible insider signal.

Insider Participation

High Buying

3 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

No Dividend Yield Data

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

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mnov Dividend History

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