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Ascendis Pharma A/S (ASND) 10-Year Financial Performance & Capital Metrics

ASND • • Industrial / General
HealthcareBiotechnologyRare Genetic DiseasesGene Therapy & Rare Diseases
AboutAscendis Pharma A/S, a biopharmaceutical company, focuses on developing therapeutics for unmet medical needs. The company offers SKYTROFA for treating patients with growth hormone deficiency (GHD). It also develops TransCon Growth Hormone (hGH) for pediatric GHD in Japan; TransCon hGH for adults with GHD; TransCon parathyroid hormone for adult hypoparathyroidism; and TransCon CNP for pediatric achondroplasia. In addition, the company develops TransCon toll like receptors 7/8 agonist for intratumoral delivery; and TransCon IL-2 ß/g for systemic delivery. The company was incorporated in 2006 and is headquartered in Hellerup, Denmark.Show more
  • Revenue $364M +36.3%
  • EBITDA -$261M +40.2%
  • Net Income -$378M +21.5%
  • EPS (Diluted) -6.53 +23.6%
  • Gross Margin 87.83% +5.4%
  • EBITDA Margin -71.79% +56.1%
  • Operating Margin -76.66% +55.1%
  • Net Margin -103.97% +42.4%
  • ROE -
  • ROIC -105.44% +1.0%
  • Debt/Equity -
  • Interest Coverage -4.26 +58.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 93.6%

✗Weaknesses

  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y38.52%
5Y93.59%
3Y260.25%
TTM97.46%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM45.38%

EPS CAGR

10Y-
5Y-
3Y-
TTM45.63%

ROCE

10Y Avg-80.12%
5Y Avg-104.86%
3Y Avg-144.84%
Latest-154.56%

Peer Comparison

Gene Therapy & Rare Diseases
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Per Share
Growth
Profitability
Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KRYSKrystal Biotech, Inc.8.18B282.0194.00473.02%53.3%17.48%1.46%0.01
BMRNBioMarin Pharmaceutical Inc.10.58B55.0724.9217.97%16.82%8.59%4.49%0.11
SRPTSarepta Therapeutics, Inc.2.23B21.319.1152.97%-11.25%-20.57%0.88
RAREUltragenyx Pharmaceutical Inc.2.27B23.50-3.7429.01%-91.95%-35.88%0.15
DYNDyne Therapeutics, Inc.2.7B16.42-4.87-61.26%0.04
TVTXTravere Therapeutics, Inc.2.54B28.40-6.9660.55%-20.32%-120.36%6.80
BEAMBeam Therapeutics Inc.3.25B32.05-7.00-83.18%-7.44%-42.92%0.22
SLNOSoleno Therapeutics, Inc.2.25B41.95-9.58-79.5%-15.85%0.22

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+8.12M4.61M1.53M10.58M13.38M6.95M7.78M51.17M266.72M363.64M
Revenue Growth %-0.42%-0.43%-0.67%5.92%0.26%-0.48%0.12%5.58%4.21%0.36%
Cost of Goods Sold+0000003.52M12.14M44.4M44.26M
COGS % of Revenue------0.45%0.24%0.17%0.12%
Gross Profit+8.12M4.61M1.53M10.58M13.38M6.95M4.25M39.04M222.32M319.38M
Gross Margin %1%1%1%1%1%1%0.55%0.76%0.83%0.88%
Gross Profit Growth %-0.42%-0.43%-0.67%5.92%0.26%-0.48%-0.39%8.17%4.7%0.44%
Operating Expenses+49.94M77.53M113.07M165.34M240.09M337.57M456.05M600.85M677.86M598.15M
OpEx % of Revenue6.15%16.83%73.9%15.63%17.95%48.55%58.63%11.74%2.54%1.64%
Selling, General & Admin9.41M11.5M13.48M25.06M48.47M76.67M160.18M215.85M258.79M284.55M
SG&A % of Revenue1.16%2.5%8.81%2.37%3.62%11.03%20.59%4.22%0.97%0.78%
Research & Development40.53M66.02M99.59M140.28M191.62M260.9M295.87M379.62M413.45M307M
R&D % of Revenue4.99%14.33%65.09%13.26%14.33%37.52%38.04%7.42%1.55%0.84%
Other Operating Expenses00000005.38M5.62M6.6M
Operating Income+-41.83M-72.92M-111.54M-154.76M-226.72M-330.62M-451.79M-561.81M-455.54M-278.76M
Operating Margin %-5.15%-15.83%-72.9%-14.63%-16.95%-47.55%-58.09%-10.98%-1.71%-0.77%
Operating Income Growth %-2.49%-0.74%-0.53%-0.39%-0.47%-0.46%-0.37%-0.24%0.19%0.39%
EBITDA+-41.27M-72.21M-110.85M-153.85M-220.05M-321.17M-436.4M-544.3M-436.63M-261.05M
EBITDA Margin %-5.08%-15.68%-72.45%-14.54%-16.45%-46.19%-56.11%-10.64%-1.64%-0.72%
EBITDA Growth %-2.59%-0.75%-0.54%-0.39%-0.43%-0.46%-0.36%-0.25%0.2%0.4%
D&A (Non-Cash Add-back)558K710.02K689.46K908.17K6.67M9.45M15.39M17.51M18.91M17.71M
EBIT-33.57M-68.73M-124.28M-130.36M-217.03M-417.26M-380.03M-547.13M-430.08M-307.74M
Net Interest Income+7K118K826K3.89M8.84M-106K-3.22M-23.26M-27.21M-51.14M
Interest Income13K123K923K4.02M10.06M1.81M692K7.43M16.86M14.36M
Interest Expense6K5K97K127K1.22M1.92M3.91M30.68M44.06M65.5M
Other Income/Expense8.25M4.19M-12.83M24.27M8.47M-88.55M67.85M-16M-18.6M-94.48M
Pretax Income+-33.57M-68.73M-124.37M-130.49M-218.25M-419.17M-383.94M-577.82M-474.14M-373.24M
Pretax Margin %-4.14%-14.92%-81.29%-12.33%-16.32%-60.29%-49.36%-11.29%-1.78%-1.03%
Income Tax+-652K-227K-477K-394K-234K-219K-367K5.38M7.3M4.84M
Effective Tax Rate %0.98%1%1%1%1%1%1%1.01%1.02%1.01%
Net Income+-32.92M-68.5M-123.9M-130.1M-218.02M-418.95M-383.58M-583.19M-481.45M-378.08M
Net Margin %-4.06%-14.87%-80.98%-12.3%-16.3%-60.26%-49.32%-11.4%-1.81%-1.04%
Net Income Growth %-2.41%-1.08%-0.81%-0.05%-0.68%-0.92%0.08%-0.52%0.17%0.21%
Net Income (Continuing)-32.92M-68.5M-123.9M-130.1M-218.02M-418.95M-383.58M-583.19M-481.45M-378.08M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.39-2.58-3.68-3.17-4.69-8.28-7.00-10.40-8.55-6.53
EPS Growth %-1.44%-0.86%-0.43%0.14%-0.48%-0.77%0.15%-0.49%0.18%0.24%
EPS (Basic)-1.39-2.58-3.68-3.17-4.69-8.28-7.00-10.40-8.55-6.53
Diluted Shares Outstanding23.77M26.56M33.63M41.09M46.51M50.62M54.77M56.07M56.29M57.89M
Basic Shares Outstanding23.68M26.56M33.63M41.09M46.51M50.62M54.77M56.07M56.29M57.89M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+125.65M183.96M204.63M292.91M611.17M740.13M805.89M923.47M702.72M1.06B
Cash & Short-Term Investments119.65M180.33M195.35M277.86M598.11M718.79M682.06M735.46M399.44M559.54M
Cash Only119.65M180.33M195.35M277.86M598.11M584.52M446.27M444.77M392.16M559.54M
Short-Term Investments00000134.28M235.8M290.69M7.28M0
Accounts Receivable1.06M287K188K6K804K387K2.2M11.91M35.87M166.28M
Days Sales Outstanding47.8422.7444.850.2121.9420.32103.2484.9549.09166.9
Inventory00000075.41M130.67M208.93M295.61M
Days Inventory Outstanding------7.81K3.93K1.72K2.44K
Other Current Assets1.12M1.38M2.19M2.62M4.61M6.96M20.99M13.72M19.9M11.16M
Total Non-Current Assets+6.12M6.11M6.34M26.06M65.56M239.66M279.04M166.27M122.87M118.63M
Property, Plant & Equipment2.35M2.35M2.56M4.33M45.07M108.11M126.05M129.09M110.63M98.71M
Fixed Asset Turnover3.45x1.96x0.60x2.45x0.30x0.06x0.06x0.40x2.41x3.68x
Goodwill3.5M3.5M3.5M3.5M3.5M3.5M3.5M3.5M3.5M3.5M
Intangible Assets000002.22M1.78M1.33M924K533K
Long-Term Investments00017.08M15.54M124.46M145.91M30.42M5.69M13.57M
Other Non-Current Assets270K268K293K1.16M1.46M1.38M1.81M1.92M2.13M2.32M
Total Assets+131.77M190.07M210.98M318.97M676.73M979.79M1.08B1.09B825.59M1.18B
Asset Turnover0.06x0.02x0.01x0.03x0.02x0.01x0.01x0.05x0.32x0.31x
Asset Growth %1.25%0.44%0.11%0.51%1.12%0.45%0.11%0%-0.24%0.43%
Total Current Liabilities+11.45M13.46M23.77M38.92M47.99M52.8M100.36M716.78M736.51M907.86M
Accounts Payable8.37M13.08M17.43M19.74M27.77M21.9M59.42M101.03M94.57M96.39M
Days Payables Outstanding------6.16K3.04K777.49794.97
Short-Term Debt0000007M412.98M421.27M491.54M
Deferred Revenue (Current)1000K94K01000K858K363K1000K01000K936K
Other Current Liabilities000013.35M23.38M24.15M183.49M203.02M317.77M
Current Ratio10.98x13.67x8.61x7.53x12.74x14.02x8.03x1.29x0.95x1.17x
Quick Ratio10.98x13.67x8.61x7.53x12.74x14.02x7.28x1.11x0.67x0.84x
Cash Conversion Cycle------1.76K976.35989.361.81K
Total Non-Current Liabilities+000031.63M88.28M100.93M109.61M234.78M377.34M
Long-Term Debt00000097.97M95.4M223M365.08M
Capital Lease Obligations000030.72M85.12M97.97M95.4M84.62M0
Deferred Tax Liabilities000000005.83M7.26M
Other Non-Current Liabilities0000908K3.16M-97.97M-95.4M-84.62M0
Total Liabilities11.45M13.46M23.77M38.92M79.62M141.08M201.29M826.39M971.28M1.29B
Total Debt+000036.62M91.97M209.92M617.57M743.06M856.62M
Net Debt-119.65M-180.33M-195.35M-277.86M-561.49M-492.54M-236.34M172.8M350.89M297.07M
Debt / Equity----0.06x0.11x0.24x2.35x--
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-6970.83x-14584.00x-1149.91x-1218.56x-185.68x-172.38x-115.52x-18.31x-10.34x-4.26x
Total Equity+120.33M176.61M187.21M280.05M597.11M838.71M883.63M263.35M-145.7M-105.71M
Equity Growth %1.63%0.47%0.06%0.5%1.13%0.4%0.05%-0.7%-1.55%0.27%
Book Value per Share5.066.655.576.8212.8416.5716.134.70-2.59-1.83
Total Shareholders' Equity120.33M176.61M187.21M280.05M597.11M838.71M883.63M263.35M-145.7M-105.71M
Common Stock3.37M4.35M4.97M5.66M6.44M7.22M7.65M7.67M7.75M8.15M
Retained Earnings111.28M-139.31M-263.21M-393.31M-611.32M-1.03B-1.24B-1.86B-2.28B-2.56B
Treasury Stock000000-21K-149K-146K-113K
Accumulated OCI5.68M13M22.78M42.45M79.9M133.02M3.78M3.45M721K1.78M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-43.47M-60.18M-95.1M-138.8M-175.94M-271.55M-417.65M-495.7M-467.36M-306.2M
Operating CF Margin %-5.35%-13.07%-62.16%-13.12%-13.15%-39.05%-53.7%-9.69%-1.75%-0.84%
Operating CF Growth %-1.36%-0.38%-0.58%-0.46%-0.27%-0.54%-0.54%-0.19%0.06%0.34%
Net Income-32.92M-68.5M-123.9M-130.1M-218.02M-418.95M-383.58M-583.19M-481.45M-378.08M
Depreciation & Amortization558K677K734K880K6.69M9.45M15.39M17.96M18.91M17.71M
Stock-Based Compensation1.71M7.32M9.71M19.65M37.49M53.17M66.83M64.18M66.66M95.51M
Deferred Taxes-652K-227K-477K-394K-234K-219K-367K5.38M04.84M
Other Non-Cash Items-7.5M-3.51M13.81M-30.55M-5.93M85.97M-68.2M12.45M24.77M60.98M
Working Capital Changes-4.66M4.07M5.02M1.71M4.07M-964K-47.72M-12.47M-96.26M-107.16M
Change in Receivables228K777K99K182K-1.87M-2M-6.66M-11.53M-32.77M-118.61M
Change in Inventory-3.33M1.55M-5.71M0-5.64M0-75.41M-55.27M-78.26M-86.68M
Change in Payables3.4M4.71M10.76M8.26M7.51M00000
Cash from Investing+-1.04M-672K-941K-2.65M-5.16M-291.2M-110.58M61.73M286.47M6.88M
Capital Expenditures-1.04M-672K-941K-2.65M-5.16M-19.86M-23.7M-14.49M-2.44M-1.43M
CapEx % of Revenue0.13%0.15%0.62%0.25%0.39%2.86%3.05%0.28%0.01%0%
Acquisitions----------
Investments----------
Other Investing000003.36M-530K9.54M288.92M950K
Cash from Financing+105.74M117.46M124.72M203.27M493.59M602.65M351.39M396.77M134.29M443.93M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-8.4M-8.5M-8.39M-13.12M17.38M26.88M11.54M5.15M10.29M11.22M
Net Change in Cash----------
Free Cash Flow+-44.51M-60.85M-96.04M-141.45M-181.09M-293.1M-441.88M-510.19M-469.8M-307.62M
FCF Margin %-5.48%-13.21%-62.77%-13.37%-13.54%-42.15%-56.81%-9.97%-1.76%-0.85%
FCF Growth %-1.37%-0.37%-0.58%-0.47%-0.28%-0.62%-0.51%-0.15%0.08%0.35%
FCF per Share-1.87-2.29-2.86-3.44-3.89-5.79-8.07-9.10-8.35-5.31
FCF Conversion (FCF/Net Income)1.32x0.88x0.77x1.07x0.81x0.65x1.09x0.85x0.97x0.81x
Interest Paid0000000015.67M0
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-39.63%-46.14%-68.11%-55.68%-49.71%-58.36%-44.54%-101.69%-818.43%-
Return on Invested Capital (ROIC)-4613.05%---5304.74%-899.32%-129.89%-68.22%-77.78%-106.54%-105.44%
Gross Margin100%100%100%100%100%100%54.71%76.28%83.36%87.83%
Net Margin-405.54%-1487.3%-8097.84%-1229.53%-1630.03%-6025.53%-4931.56%-1139.63%-180.51%-103.97%
Debt / Equity----0.06x0.11x0.24x2.35x--
Interest Coverage-6970.83x-14584.00x-1149.91x-1218.56x-185.68x-172.38x-115.52x-18.31x-10.34x-4.26x
FCF Conversion1.32x0.88x0.77x1.07x0.81x0.65x1.09x0.85x0.97x0.81x
Revenue Growth-41.94%-43.26%-66.78%591.57%26.41%-48.02%11.87%557.93%421.2%36.34%

Revenue by Geography

20172018201920202021202220232024
North America-10.58M2.65M2.68M6.86M44.16M191.68M233.22M
North America Growth---74.94%1.02%155.92%544.05%334.09%21.67%
Europe-----552K869K123.34M
Europe Growth------57.43%14092.87%
Asia------74.17M-
Asia Growth--------
CHINA--10.72M4.27M922K6.47M--
CHINA Growth----60.14%-78.43%601.30%--
UNITED STATES1.53M-------
UNITED STATES Growth--------

Frequently Asked Questions

Growth & Financials

Ascendis Pharma A/S (ASND) reported $646.5M in revenue for fiscal year 2024. This represents a 4049% increase from $15.6M in 2012.

Ascendis Pharma A/S (ASND) grew revenue by 36.3% over the past year. This is strong growth.

Ascendis Pharma A/S (ASND) reported a net loss of $232.9M for fiscal year 2024.

Dividend & Returns

Ascendis Pharma A/S (ASND) had negative free cash flow of $112.2M in fiscal year 2024, likely due to heavy capital investments.

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