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Legend Biotech Corporation (LEGN) 10-Year Financial Performance & Capital Metrics

LEGN • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutLegend Biotech Corporation, a clinical-stage biopharmaceutical company, through its subsidiaries, engages in the discovery and development of novel cell therapies for oncology and other indications in the United States, China, and internationally. Its lead product candidate, LCAR- B38M, is a chimeric antigen receptor for the treatment of multiple myeloma (MM), as well as a comparison of the treatment with standard triplet therapy in revlimid-refractory multiple myeloma. The company also has a portfolio of earlier-stage autologous product candidates, which are in Phase I clinical trials for the treatment of gastric cancer and T cell lymphoma. In addition, it is developing CAR-T product candidates targeting CD20/CD22/CD19 for the treatment of non-hodgkins lymphoma, diffuse large B-cell lymphoma, and acute lymphoblastic leukemia. Further, the company has product candidates in early preclinical and clinical development for the treatment of solid tumors as well as infectious diseases. It has collaboration and license agreement with Janssen Biotech, Inc. for the development and commercialization of ciltacabtagene autoleucel. Legend Biotech Corporation was founded in 2014 and is based in Somerset, New Jersey. Legend Biotech Corporation is a subsidiary of Genscript Biotech Corporation.Show more
  • Revenue $627M +120.0%
  • EBITDA -$280M +33.2%
  • Net Income -$177M +65.8%
  • EPS (Diluted) -1.94 +67.0%
  • Gross Margin 62.6% +26.7%
  • EBITDA Margin -44.62% +69.6%
  • Operating Margin -48.35% +68.6%
  • Net Margin -28.22% +84.5%
  • ROE -15.45% +70.3%
  • ROIC -32.33% +73.3%
  • Debt/Equity 0.34 +28.3%
  • Interest Coverage -14.03 +30.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 59.0%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 11 (bottom 11%)
  • ✗Trading more than 30% below 52-week high

* 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

10Y-
5Y58.96%
3Y108.88%
TTM74.74%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM31.15%

EPS CAGR

10Y-
5Y-
3Y-
TTM31.41%

ROCE

10Y Avg-29.68%
5Y Avg-38.21%
3Y Avg-33.47%
Latest-20.05%

Peer Comparison

Immuno-Oncology
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Sector-Specific
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CTMXCytomX Therapeutics, Inc.720.1M4.2511.1836.45%24.66%26.09%
IOVAIovance Biotherapeutics, Inc.881.27M2.22-1.73136.99%-158.78%-56.62%0.08
REPLReplimune Group, Inc.572.64M7.30-2.38-117.82%0.18
NKTRNektar Therapeutics719.28M35.36-4.079.22%-192.87%-141.9%1.69
IMNMImmunome, Inc.2.52B22.85-4.57-35.5%-23.01%-84.4%0.03
IBRXImmunityBio, Inc.3.89B3.95-6.3722.71%-422.28%
NRIXNurix Therapeutics, Inc.1.91B18.86-6.55-29.15%-292.5%-65.76%0.05

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+23.59M49.13M61.8M75M68.83M117M285.14M627.24M
Revenue Growth %-1.08%0.26%0.21%-0.08%0.7%1.44%1.2%
Cost of Goods Sold+-96K000065.36M144.21M234.58M
COGS % of Revenue-0%----0.56%0.51%0.37%
Gross Profit+23.69M49.13M61.8M75M68.83M51.64M140.93M392.66M
Gross Margin %1%1%1%1%1%0.44%0.49%0.63%
Gross Profit Growth %-1.07%0.26%0.21%-0.08%-0.25%1.73%1.79%
Operating Expenses+9.6M64.2M194.31M75M461.11M507.26M580.41M695.9M
OpEx % of Revenue0.41%1.31%3.14%1%6.7%4.34%2.04%1.11%
Selling, General & Admin1.4M3.93M32.37M72.7M149.5M174.05M200.93M284.26M
SG&A % of Revenue0.06%0.08%0.52%0.97%2.17%1.49%0.7%0.45%
Research & Development8.2M60.64M161.94M232.16M313.35M335.65M382.22M413.54M
R&D % of Revenue0.35%1.23%2.62%3.1%4.55%2.87%1.34%0.66%
Other Operating Expenses0-2K0-229.87M-1.74M-2.43M-2.73M-1.91M
Operating Income+13.78M-1.53M-132.51M0-392.29M-455.62M-439.49M-303.24M
Operating Margin %0.58%-0.03%-2.14%--5.7%-3.89%-1.54%-0.48%
Operating Income Growth %--1.11%-85.38%1%--0.16%0.04%0.31%
EBITDA+14M149K-129.35M-298.16M-378.37M-437.23M-419.03M-279.88M
EBITDA Margin %0.59%0%-2.09%-3.98%-5.5%-3.74%-1.47%-0.45%
EBITDA Growth %--0.99%-869.13%-1.31%-0.27%-0.16%0.04%0.33%
D&A (Non-Cash Add-back)217K1.68M3.16M9.93M13.92M18.39M20.45M23.36M
EBIT13.84M-1.53M-132.51M-308.09M-406.3M-434.93M-498.32M-136.52M
Net Interest Income+06.13M4.36M-1.28M71K-2.61M32.69M39.59M
Interest Income1K6.21M4.58M2.93M971K8.18M54.49M61.2M
Interest Expense082K223K4.21M900K10.8M21.79M21.61M
Other Income/Expense-40K13.46M5.2M-308.29M-14.91M9.9M-80.63M145.11M
Pretax Income+13.84M-1.62M-127.32M-308.29M-407.2M-445.72M-520.12M-158.13M
Pretax Margin %0.59%-0.03%-2.06%-4.11%-5.92%-3.81%-1.82%-0.25%
Income Tax+4.47M1.17M-25.73M-41.91M-3.61M625K-1.86M18.89M
Effective Tax Rate %0.68%1.72%0.8%0.86%0.99%1%1%1.12%
Net Income+9.37M-2.78M-101.59M-266.37M-403.58M-446.35M-518.25M-177.03M
Net Margin %0.4%-0.06%-1.64%-3.55%-5.86%-3.81%-1.82%-0.28%
Net Income Growth %--1.3%-35.49%-1.62%-0.52%-0.11%-0.16%0.66%
Net Income (Continuing)9.37M-2.78M-101.59M-266.37M-403.58M-446.35M-518.25M-177.03M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+0.14-0.06-2.02-5.14-5.48-5.62-5.88-1.94
EPS Growth %--1.4%-35.33%-1.54%-0.07%-0.03%-0.05%0.67%
EPS (Basic)0.14-0.06-2.02-5.14-5.48-5.62-5.88-1.94
Diluted Shares Outstanding66M50.11M66M59.08M70.43M79.52M88.04M91.43M
Basic Shares Outstanding66M50M66M59.08M70.43M79.52M88.04M91.43M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+230.9M326.96M207.1M593.94M949.85M1.1B1.5B1.28B
Cash & Short-Term Investments2.12M216.18M159.18M506.07M882.39M1.03B1.31B1.12B
Cash Only2.12M210.17M83.62M456.07M688.94M786.03M1.28B286.75M
Short-Term Investments06.01M75.56M50M193.46M239.62M31M835.93M
Accounts Receivable228.74M108.57M35.76M82.62M58.55M44.52M157.06M124.89M
Days Sales Outstanding3.54K806.53211.19402.06310.49138.87201.0572.67
Inventory11K1.14M1.16M1.8M1.75M10.35M19.43M23.9M
Days Inventory Outstanding-41.82----57.8249.1837.19
Other Current Assets760K255K001.44M1.27M357K70K
Total Non-Current Assets+7.79M102.09M80.61M128.15M169.62M231.84M350.81M386.24M
Property, Plant & Equipment2.93M33.13M80.09M112.11M142.96M161.67M189.68M201.59M
Fixed Asset Turnover8.06x1.48x0.77x0.67x0.48x0.72x1.50x3.11x
Goodwill00000000
Intangible Assets2K49K519K2.85M16.8M68.69M4.06M174.22M
Long-Term Investments-4.86M-1.24M004.71M04.36M4.36M
Other Non-Current Assets4.86M1.24M013.19M5.15M1.49M152.42M6.06M
Total Assets+238.69M429.05M287.71M722.09M1.12B1.33B1.85B1.67B
Asset Turnover0.10x0.11x0.21x0.10x0.06x0.09x0.15x0.38x
Asset Growth %-0.8%-0.33%1.51%0.55%0.19%0.39%-0.1%
Total Current Liabilities+52.12M159.19M127.76M115.57M229.2M297.79M216.42M277.64M
Accounts Payable4.33M7.32M9.59M4.91M7.04M31.69M20.16M37.19M
Days Payables Outstanding-16.48K----176.9851.0257.87
Short-Term Debt001.03M1.79M0000
Deferred Revenue (Current)1000K1000K1000K1000K304K451K1000K1000K
Other Current Liabilities38.08M34.16M64.22M31.45M87.9M67M68K0
Current Ratio4.43x2.05x1.62x5.14x4.14x3.69x6.92x4.62x
Quick Ratio4.43x2.05x1.61x5.12x4.14x3.66x6.83x4.54x
Cash Conversion Cycle19.98K----19.7199.2151.99
Total Non-Current Liabilities+174.4M261.21M282.82M6.7M124.32M288.86M380.82M351.96M
Long-Term Debt0000120.46M260.93M281.33M301.2M
Capital Lease Obligations205K3.94M5.08M1.91M1.59M20.04M44.17M44.61M
Deferred Tax Liabilities-174.2M-213.2M04.24M0000
Other Non-Current Liabilities000-274.52M396K233K56K0
Total Liabilities226.53M420.4M410.58M122.27M353.52M586.65M597.24M629.61M
Total Debt+269K4.32M6.11M3.7M122.97M284.53M328.67M350.6M
Net Debt-1.85M-205.85M-77.51M-452.37M-565.97M-501.5M-949.04M63.85M
Debt / Equity0.02x0.50x-0.01x0.16x0.38x0.26x0.34x
Debt / EBITDA0.02x28.97x------
Net Debt / EBITDA-0.13x-1381.54x------
Interest Coverage--18.71x-594.23x--435.87x-42.20x-20.17x-14.03x
Total Equity+12.17M8.65M-122.87M597.77M765.94M744.31M1.25B1.04B
Equity Growth %--0.29%-15.21%5.87%0.28%-0.03%0.68%-0.17%
Book Value per Share0.180.17-1.8610.1210.889.3614.2111.38
Total Shareholders' Equity12.17M8.65M-122.87M597.77M765.94M744.31M1.25B1.04B
Common Stock20K20K20K27K31K33K36K37K
Retained Earnings8.47M5.69M-127.28M-116.53M-520.11M-966.46M-1.48B-1.66B
Treasury Stock00000000
Accumulated OCI-236K8.63M485K5.96M4.86M14.67M98.92M-68.16M
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.38M307.68M-83.06M-223M-198.47M-201.28M-393.28M-144.03M
Operating CF Margin %-0.1%6.26%-1.34%-2.97%-2.88%-1.72%-1.38%-0.23%
Operating CF Growth %-130.5%-1.27%-1.68%0.11%-0.01%-0.95%0.63%
Net Income9.37M-1.62M-130.37M-308.29M-407.2M-445.72M-520.12M-158.13M
Depreciation & Amortization217K1.68M5.26M9.93M13.92M18.39M20.45M23.36M
Stock-Based Compensation0704K1.27M4.76M20.16M34.34M47.68M68.94M
Deferred Taxes0-5.66M-7.35M00000
Other Non-Cash Items228.87M-6.13M-4.36M93.83M12.82M10.68M130.06M-98.24M
Working Capital Changes-16.5M318.71M52.48M-23.24M161.83M181.03M-71.34M20.04M
Change in Receivables-228.06M207.61M-3.77M-45M24.59M50.32M-98.98M93.75M
Change in Inventory-6K-1.12M-22K-643K51K-13.89M-12.71M-17.21M
Change in Payables4.17M3.24M2.01M-4.35M1.8M72.45M-50.2M14.06M
Cash from Investing+-827K-102.26M-58.65M-24.17M-194.98M-77.09M92.79M-850.54M
Capital Expenditures-887K-21.02M-39.17M-26.25M-42.2M-20.93M-20.08M-14.11M
CapEx % of Revenue0.04%0.43%0.63%0.35%0.61%0.18%0.07%0.02%
Acquisitions--------
Investments--------
Other Investing55K-75.23M50.52M-23.52M-4.91M-16.05M-100.52M-54.34M
Cash from Financing+3.32M2.5M14.67M618.88M626.66M377.98M791.49M5.7M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing3.35M2.72M19.72M-1.05M4.64M2.93M211.56M9.72M
Net Change in Cash--------
Free Cash Flow+-3.26M286.66M-122.23M-253.29M-243.87M-223.56M-416M-158.14M
FCF Margin %-0.14%5.83%-1.98%-3.38%-3.54%-1.91%-1.46%-0.25%
FCF Growth %-88.85%-1.43%-1.07%0.04%0.08%-0.86%0.62%
FCF per Share-0.055.72-1.85-4.29-3.46-2.81-4.73-1.73
FCF Conversion (FCF/Net Income)-0.25x-110.52x0.82x0.84x0.49x0.45x0.76x0.81x
Interest Paid00000000
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)76.98%-26.75%--112.18%-59.19%-59.11%-51.94%-15.45%
Return on Invested Capital (ROIC)100.15%----170.38%-154.35%-120.93%-32.33%
Gross Margin100.41%100%100%100%100%44.14%49.42%62.6%
Net Margin39.69%-5.67%-164.39%-355.16%-586.38%-381.48%-181.75%-28.22%
Debt / Equity0.02x0.50x-0.01x0.16x0.38x0.26x0.34x
Interest Coverage--18.71x-594.23x--435.87x-42.20x-20.17x-14.03x
FCF Conversion-0.25x-110.52x0.82x0.84x0.49x0.45x0.76x0.81x
Revenue Growth-108.24%25.78%21.36%-8.23%70%143.7%119.97%

Revenue by Segment

20202021202220232024
Licensing Of Intellectual Property5.63M4.91M---
Licensing Of Intellectual Property Growth--12.80%---

Revenue by Geography

20202021202220232024
UNITED STATES-86.37M-234.73M434.71M
UNITED STATES Growth----85.19%
Europe---15.07M47.87M
Europe Growth----217.66%
CHINA-3.42M328K179K320K
CHINA Growth---90.42%-45.43%78.77%
North America75.68M----
North America Growth-----

Frequently Asked Questions

Growth & Financials

Legend Biotech Corporation (LEGN) reported $909.0M in revenue for fiscal year 2024. This represents a 3753% increase from $23.6M in 2017.

Legend Biotech Corporation (LEGN) grew revenue by 120.0% over the past year. This is strong growth.

Legend Biotech Corporation (LEGN) reported a net loss of $239.7M for fiscal year 2024.

Dividend & Returns

Legend Biotech Corporation (LEGN) has a return on equity (ROE) of -15.4%. Negative ROE indicates the company is unprofitable.

Legend Biotech Corporation (LEGN) had negative free cash flow of $188.7M in fiscal year 2024, likely due to heavy capital investments.

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