MannKind's Valuation: Undervalued or Value Trap?

MannKind's share price has pulled back 17.7% YTD and 19.1% over the past year, but the long-term narrative remains constructive. The stock scores 2/6 on valuation checks, indicating it is undervalued on only a couple of fronts. A discounted cash flow model estimates MannKind's intrinsic value at around $18.11 per share, suggesting it is about 70.0% undervalued on a cash flow-based view.