Legend Historical Income Statement
| LEGN Stock | USD 42.07 1.06 2.46% |
Historical analysis of Legend Biotech income statement accounts such as Selling General Administrative of 112.1 M can show how well Legend Biotech Corp performed in making a profits. Evaluating Legend Biotech income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Legend Biotech's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Legend Biotech Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Legend Biotech Corp is a good buy for the upcoming year.
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About Legend Income Statement Analysis
Legend Biotech Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Legend Biotech shareholders. The income statement also shows Legend investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Legend Biotech Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Legend Biotech Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Legend Biotech Corp. It is also known as Legend Biotech overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Legend Biotech Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Legend Biotech Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Legend Biotech's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Legend Biotech Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legend Biotech Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Legend Biotech's Net Interest Income is very stable compared to the past year. As of the 29th of November 2024, Interest Income is likely to grow to about 44.2 M, while Tax Provision is likely to drop about 268.9 K.
Legend Biotech income statement Correlations
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Legend Biotech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Legend Biotech income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 2.6M | (4.1M) | 1K | 625K | 283K | 268.9K | |
| Depreciation And Amortization | 5.3M | 9.9M | 13.9M | 18.4M | 20.5M | 11.0M | |
| Interest Expense | 223K | 4.2M | 900K | 10.8M | 21.8M | 22.9M | |
| Selling General Administrative | 6.8M | 23.1M | 46.9M | 80.6M | 106.8M | 112.1M | |
| Selling And Marketing Expenses | 25.6M | 49.6M | 102.5M | 93.4M | 94.2M | 57.6M | |
| Total Revenue | 57.3M | 75.7M | 89.8M | 117.0M | 285.1M | 299.4M | |
| Gross Profit | 57.3M | (156.5M) | (223.6M) | 51.6M | 140.9M | 148.0M | |
| Other Operating Expenses | 192.6M | 304.9M | 462.8M | 575.1M | 727.4M | 367.2M | |
| Operating Income | (130.9M) | (313.3M) | (393.0M) | (455.8M) | (439.5M) | (417.5M) | |
| Ebit | (130.9M) | (304.1M) | (406.3M) | (434.9M) | (498.3M) | (473.4M) | |
| Research Development | 161.9M | 232.2M | 313.3M | 335.6M | 382.2M | 234.8M | |
| Ebitda | (125.6M) | (294.1M) | (392.4M) | (416.5M) | (477.9M) | (454.0M) | |
| Total Operating Expenses | 192.6M | 304.9M | 462.8M | 509.7M | 140.9M | 264.7M | |
| Income Before Tax | (130.4M) | (307.6M) | (386.2M) | (445.7M) | (520.1M) | (494.1M) | |
| Total Other Income Expense Net | 501K | (78.4M) | (14.2M) | 10.1M | (80.6M) | (76.6M) | |
| Net Income Applicable To Common Shares | (133.0M) | (303.5M) | (386.2M) | (446.3M) | (401.7M) | (381.6M) | |
| Net Income | (133.0M) | (303.5M) | (386.2M) | (446.3M) | (518.3M) | (492.3M) | |
| Income Tax Expense | 2.6M | (4.1M) | 1K | 625K | (1.9M) | (1.8M) | |
| Net Interest Income | 4.4M | (4.2M) | (900K) | (10.8M) | 21.2M | 22.3M | |
| Interest Income | 4.6M | 2.9M | 971K | 8.2M | 42.1M | 44.2M | |
| Net Income From Continuing Ops | (133.0M) | (303.5M) | (386.2M) | (446.3M) | (509.3M) | (483.8M) | |
| Reconciled Depreciation | 5.3M | 9.9M | 13.9M | 18.4M | 20.3M | 12.7M |
Pair Trading with Legend Biotech
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Legend Biotech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Legend Biotech will appreciate offsetting losses from the drop in the long position's value.Moving together with Legend Stock
Moving against Legend Stock
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| 0.78 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
| 0.76 | BHC | Bausch Health Companies | PairCorr |
| 0.68 | ESPR | Esperion Therapeutics Buyout Trend | PairCorr |
The ability to find closely correlated positions to Legend Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legend Biotech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Legend Biotech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Legend Biotech Corp to buy it.
The correlation of Legend Biotech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Legend Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legend Biotech Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Legend Biotech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legend Biotech Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legend Biotech. If investors know Legend will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legend Biotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.92) | Revenue Per Share 2.851 | Quarterly Revenue Growth 0.669 | Return On Assets (0.12) | Return On Equity (0.28) |
The market value of Legend Biotech Corp is measured differently than its book value, which is the value of Legend that is recorded on the company's balance sheet. Investors also form their own opinion of Legend Biotech's value that differs from its market value or its book value, called intrinsic value, which is Legend Biotech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legend Biotech's market value can be influenced by many factors that don't directly affect Legend Biotech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legend Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legend Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legend Biotech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.