Telix Pharmaceuticals Ltd Ordinary Shares TLX

Morningstar Rating
A$20.73 +0.29 (1.42%)
View Full Chart

Company Report

Telix Pharmaceuticals Earnings: Expenses Tick Up but Long-Term Outlook Intact

No-moat Telix Pharmaceuticals reported interim 2024 underlying EBITDA growth of 66% to AUD 58 million, below our expectations. While group revenue grew strongly by 29% on second half 2023, underlying operating expenditure, excluding research and development, grew by 35%. Higher expenses were driven by increased investment in salesforce operations and unexpectedly high investment in infrastructure to support commercial operations.

Price vs Fair Value

TLX is trading at a 220% premium.
Price
A$20.73
Fair Value
A$12.00
Uncertainty
High
1-Star Price
A$17.42
5-Star Price
A$76.50
Economic Moat
Kyllr
Capital Allocation
Kgkfzdlgx

Bulls Say, Bears Say

Bulls

Illuccix has gained significant market share due to changes in clinical practice and successful distribution.

Bears

There is high uncertainty on the continued success of Illuccix and timing and adoption of its product pipeline.

News

Trading Information

Previous Close Price
A$20.44
Day Range
A$20.1620.73
52-Week Range
A$8.2021.00
Bid/Ask
A$20.49 / A$20.75
Market Cap
A$6.94 Bil
Volume/Avg
1.0 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
68.16
Price/Sales
10.64
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield

Company Profile

Telix develops radiopharmaceuticals to manage cancer. Radiopharmaceuticals are radioisotopes bound to molecules that can target specific cells. At low doses, these drugs can bind to specific cancer cells with radiation, and then positron emission tomography imaging can accurately visualize tumors. At high doses, these drugs can selectively target and treat tumors with radiation, known as radioligand therapy. Radiopharmaceuticals are usually injected into the bloodstream. Telix has a pipeline of potential radiopharmaceuticals but currently earns most of its revenue from US sales of Illuccix, largely used as an imaging agent to visualize the spread of prostate cancer.
Sector
Healthcare
Industry
Biotechnology
Stock Style Box
Mid Growth
Total Number of Employees

Competitors

Valuation

Metric
TLX
NVS
CUV
Price/Earnings (Normalized)
68.1616.4217.01
Price/Book Value
17.155.613.46
Price/Sales
10.644.888.12
Price/Cash Flow
136.3814.9619.32
Price/Earnings
TLX
NVS
CUV

Financial Strength

Metric
TLX
NVS
CUV
Quick Ratio
0.810.612.44
Current Ratio
0.990.938.81
Interest Coverage
3.9512.3410.73
Quick Ratio
TLX
NVS
CUV

Profitability

Metric
TLX
NVS
CUV
Return on Assets (Normalized)
14.10%13.97%19.84%
Return on Equity (Normalized)
32.61%33.01%23.11%
Return on Invested Capital (Normalized)
36.31%20.66%21.89%
Return on Assets
TLX
NVS
CUV

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