Investment Thesis for Aldeyra Therapeutics, Inc. (NASDAQ: ALDX)

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dc.contributor.authorHua, William
dc.date.accessioned2017-12-01T22:38:07Z
dc.date.available2017-12-01T22:38:07Z
dc.date.issued2016-07
dc.descriptionThe Studies in Applied Finance series is under the general direction of Prof. Steve H. Hanke, Co-Director of the Johns Hopkins Institute for Applied Economics, Global Health, and Study of Business Enterprise (hanke@jhu.edu) and Dr. Hesam Motlagh (hesamnmotlagh@gmail.com), a Fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and Study of Business Enterprise. This working paper is one in a series on applied financial economics, which focuses on company valuations. The authors are mainly students at the Johns Hopkins University in Baltimore who have conducted their work at the Institute as undergraduate researchers.en_US
dc.description.abstractThis working paper is an in-depth analysis Aldeyra Therapeutics, Inc. Our analysis examines the factors that impact ALDX’s underlying business. This economic analysis is then combined with our unique net present value (NPV) model to determine ALDX’s financial position. The NPV model will be presented along-side Monte-Carlo simulations to reveal the distribution of probable free cash flows and the likelihood of future earnings. We also studied the proxy report to examine the compensation practices of ALDX and determine whether they are well-aligned with shareholder interests. Our objective is for readers to understand ALDX’s business plan and financial standing to construct a sound investment decision.en_US
dc.identifier.urihttp://jhir.library.jhu.edu/handle/1774.2/44589
dc.language.isoen_USen_US
dc.publisherInstitute for Applied Economics, Global Health, and the Study of Business Enterpriseen_US
dc.relation.ispartofseriesStudies in Applied Finance;10
dc.subjectfinanceen_US
dc.subjectinvestment thesisen_US
dc.subjectAldeyra Therapeuticsen_US
dc.subjectfinancial modelingen_US
dc.subjectdiscounted cash flowen_US
dc.subjectnet present valueen_US
dc.subjectMonte-Carlo simulationen_US
dc.subjectmanagement compensationen_US
dc.titleInvestment Thesis for Aldeyra Therapeutics, Inc. (NASDAQ: ALDX)en_US
dc.typeWorking Paperen_US
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