PFE - Embedded Expectations Analysis - 2019 03 01
Pfizer Inc. (PFE:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 16.4x Uniform P/E, implying bearish expectations for the firm. Furthermore, management has concerns about their treatment pipeline, revenue growth opportunities, and Viagra's loss of exclusivitySpecifically, management may be overstating the strength of their treatment pipeline, their ability to invest in profitable growth, and the potential for an expanded indication for Xtandi. Additionally, they may lack confidence in their ability to sustain revenue growth and Xeljianz sales, and may be exaggerating growth opportunities for sterile injectables, tanezumab, and Ibrance. Finally, they may be overstating excitement about hormone-sensitive prostate treatment opportunities and may be downplaying concerns about the loss of exclusivity of Viagra
Pfizer is a research-based biopharmaceutical company. The company is engaged in discovering, developing, manufacturing and distributing of healthcare products, including medicines and vaccines. The company manages its commercial operations through three businesses: Pfizer Biopharmaceuticals Group, which includes Oncology, Inflammation and Immunology, Rare Disease, Hospital, Vaccines and Internal Medicine business units, as well as a hospital business unit; Upjohn, which includes the company's solid oral dose brands such as Lyrica, Lipitor, Norvasc, Celebrex, Viagra, and certain generic medicines; and Consumer Healthcare, which is an over-the-counter medicines business.
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