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Ellex Medical Lasers

ASX:ELX
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELX
ASX
A$86M
Market Cap
  1. Home
  2. AU
  3. Healthcare
Company description

Ellex Medical Lasers Limited designs, manufactures, distributes, and sells lasers and ultrasound systems for ophthalmologists to diagnose and treat eye diseases. The last earnings update was 61 days ago. More info.


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ELX Share Price and Events
7 Day Returns
3.3%
ASX:ELX
3.2%
AU Medical Equipment
-0%
AU Market
1 Year Returns
-7.5%
ASX:ELX
-2.2%
AU Medical Equipment
4.6%
AU Market
ELX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ellex Medical Lasers (ELX) 3.3% 0% 3.3% -7.5% -23.5% 93.8%
AU Medical Equipment 3.2% -0.5% 0.8% -2.2% 38.7% 105%
AU Market -0% 1% 6.9% 4.6% 18.2% 4.8%
1 Year Return vs Industry and Market
  • ELX underperformed the Medical Equipment industry which returned -2.2% over the past year.
  • ELX underperformed the Market in Australia which returned 4.6% over the past year.
Price Volatility
ELX
Industry
5yr Volatility vs Market

ELX Value

 Is Ellex Medical Lasers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Ellex Medical Lasers. This is due to cash flow or dividend data being unavailable. The share price is A$0.62.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ellex Medical Lasers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ellex Medical Lasers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ELX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.04
ASX:ELX Share Price ** ASX (2019-04-23) in AUD A$0.62
Australia Medical Equipment Industry PE Ratio Median Figure of 8 Publicly-Listed Medical Equipment Companies 33.38x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ellex Medical Lasers.

ASX:ELX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:ELX Share Price ÷ EPS (both in AUD)

= 0.62 ÷ -0.04

-17.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ellex Medical Lasers is loss making, we can't compare its value to the AU Medical Equipment industry average.
  • Ellex Medical Lasers is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Ellex Medical Lasers's expected growth come at a high price?
Raw Data
ASX:ELX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
55.4%per year
Oceania Medical Equipment Industry PEG Ratio Median Figure of 5 Publicly-Listed Medical Equipment Companies 2.62x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ellex Medical Lasers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ellex Medical Lasers's assets?
Raw Data
ASX:ELX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.50
ASX:ELX Share Price * ASX (2019-04-23) in AUD A$0.62
Australia Medical Equipment Industry PB Ratio Median Figure of 30 Publicly-Listed Medical Equipment Companies 2.72x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:ELX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ELX Share Price ÷ Book Value per Share (both in AUD)

= 0.62 ÷ 0.50

1.24x

* Primary Listing of Ellex Medical Lasers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ellex Medical Lasers is good value based on assets compared to the AU Medical Equipment industry average.
X
Value checks
We assess Ellex Medical Lasers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Medical Equipment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Medical Equipment industry average (and greater than 0)? (1 check)
  5. Ellex Medical Lasers has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ELX Future Performance

 How is Ellex Medical Lasers expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ellex Medical Lasers expected to grow at an attractive rate?
  • Ellex Medical Lasers's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Ellex Medical Lasers's earnings growth is expected to exceed the Australia market average.
  • Ellex Medical Lasers's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:ELX Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:ELX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 55.4%
ASX:ELX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.3%
Australia Medical Equipment Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Australia Medical Equipment Industry Revenue Growth Rate Market Cap Weighted Average 8.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:ELX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ELX Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 109 6 3 1
2020-06-30 98 1 -5 2
2019-06-30 90 -2 -5 2
ASX:ELX Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 83 -1 -5
2018-09-30 81 0 -5
2018-06-30 79 1 -5
2018-03-31 77 -2 -5
2017-12-31 75 -4 -5
2017-09-30 73 -4 -3
2017-06-30 72 -3 -1
2017-03-31 72 -1 1
2016-12-31 73 2 3
2016-09-30 73 3 3
2016-06-30 73 5 3
2016-03-31 70 6 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ellex Medical Lasers's earnings are expected to grow significantly at over 20% yearly.
  • Ellex Medical Lasers's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:ELX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Ellex Medical Lasers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ELX Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.02 0.02 0.02 1.00
2020-06-30 -0.01 -0.01 -0.01 1.00
2019-06-30 -0.03 -0.03 -0.03 1.00
ASX:ELX Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.04
2018-09-30 -0.04
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.02
2017-06-30 -0.01
2017-03-31 0.01
2016-12-31 0.03
2016-09-30 0.03
2016-06-30 0.03
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ellex Medical Lasers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ellex Medical Lasers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ellex Medical Lasers has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ELX Past Performance

  How has Ellex Medical Lasers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ellex Medical Lasers's growth in the last year to its industry (Medical Equipment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ellex Medical Lasers does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ellex Medical Lasers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ellex Medical Lasers's 1-year growth to the AU Medical Equipment industry average as it is not currently profitable.
Earnings and Revenue History
Ellex Medical Lasers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ellex Medical Lasers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ELX Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 82.88 -5.03 39.34 1.29
2018-09-30 81.07 -5.03 37.50 1.16
2018-06-30 79.25 -5.04 35.65 1.03
2018-03-31 77.11 -4.96 34.96 1.07
2017-12-31 75.12 -4.61 32.21 1.10
2017-09-30 73.46 -2.75 30.75 1.14
2017-06-30 71.81 -0.89 29.29 1.19
2017-03-31 72.34 0.99 27.90 1.19
2016-12-31 72.87 2.86 26.51 1.19
2016-09-30 72.94 2.95 26.06 1.19
2016-06-30 73.02 3.03 25.61 1.19
2016-03-31 70.07 2.53 23.91 1.09
2015-12-31 67.12 2.03 22.20 0.99
2015-09-30 64.94 1.86 21.58 0.89
2015-06-30 62.76 1.68 20.97 0.80
2015-03-31 60.99 1.45 19.96 0.83
2014-12-31 59.22 1.21 18.94 0.86
2014-09-30 56.80 1.00 17.92 0.78
2014-06-30 54.38 0.79 16.90 0.70
2014-03-31 50.60 0.11 16.11 0.62
2013-12-31 46.83 -0.57 15.32 0.54
2013-09-30 44.96 -0.69 14.55 0.54
2013-06-30 43.08 -0.82 13.78 0.55
2013-03-31 43.13 -0.20 14.47 0.48
2012-12-31 43.18 0.41 15.16 0.41
2012-09-30 45.41 0.67 14.99 0.34
2012-06-30 47.64 0.92 14.81 0.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ellex Medical Lasers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ellex Medical Lasers has efficiently used its assets last year compared to the AU Medical Equipment industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ellex Medical Lasers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ellex Medical Lasers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Medical Equipment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ellex Medical Lasers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ELX Health

 How is Ellex Medical Lasers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ellex Medical Lasers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ellex Medical Lasers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ellex Medical Lasers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ellex Medical Lasers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ellex Medical Lasers Company Filings, last reported 3 months ago.

ASX:ELX Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 71.64 15.33 19.68
2018-09-30 71.64 15.33 19.68
2018-06-30 75.26 15.00 23.07
2018-03-31 75.26 15.00 23.07
2017-12-31 77.01 15.45 25.20
2017-09-30 77.01 15.45 25.20
2017-06-30 56.93 15.64 9.24
2017-03-31 56.93 15.64 9.24
2016-12-31 59.08 10.67 14.15
2016-09-30 59.08 10.67 14.15
2016-06-30 48.26 8.17 7.28
2016-03-31 48.26 8.17 7.28
2015-12-31 41.30 5.20 4.22
2015-09-30 41.30 5.20 4.22
2015-06-30 39.79 6.76 4.59
2015-03-31 39.79 6.76 4.59
2014-12-31 38.28 6.38 3.90
2014-09-30 38.28 6.38 3.90
2014-06-30 36.95 5.74 1.77
2014-03-31 36.95 5.74 1.77
2013-12-31 36.84 5.50 2.96
2013-09-30 36.84 5.50 2.96
2013-06-30 30.83 7.34 0.79
2013-03-31 30.83 7.34 0.79
2012-12-31 31.57 6.49 1.28
2012-09-30 31.57 6.49 1.28
2012-06-30 32.06 7.86 1.85
  • Ellex Medical Lasers's level of debt (21.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.9% vs 21.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Ellex Medical Lasers has sufficient cash runway for more than 3 years based on current free cash flow.
  • Ellex Medical Lasers has sufficient cash runway for 2.7 years if free cash flow continues to grow at historical rates of 32.2% each year.
X
Financial health checks
We assess Ellex Medical Lasers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ellex Medical Lasers has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ELX Dividends

 What is Ellex Medical Lasers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ellex Medical Lasers dividends.
If you bought A$2,000 of Ellex Medical Lasers shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ellex Medical Lasers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ellex Medical Lasers's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:ELX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Oceania Medical Equipment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:ELX Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ellex Medical Lasers has not reported any payouts.
  • Unable to verify if Ellex Medical Lasers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ellex Medical Lasers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ellex Medical Lasers has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ellex Medical Lasers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ellex Medical Lasers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ellex Medical Lasers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ELX Management

 What is the CEO of Ellex Medical Lasers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ged Wallace
TENURE AS CEO 0 years
CEO Bio

Mr. Gerard Wallace, also known as Ged, BPharm, GradDipBA has been the Chief Executive Officer of Ellex Medical Lasers Limited since April 8, 2019. Mr. Wallace served as President of CathRx Ltd since June 2008 and served as President of Sales & Marketing. Mr. Wallace served as Marketing President of CathRx Ltd since June 17, 2008. Mr. Wallace served as the President of Europe for Boston Scientific Corporation. Mr. Wallace was responsible for all business units and commercial activities within the 20+ European countries where Boston Scientific conducts business at Boston Scientific Corp. Prior to this, he worked for Baxter International Inc. for 27 years, where he became President of Baxter Healthcare, Asia/China. He has extensive experience as a general manager with a history of developing talented multi-cultural teams. In addition, Mr. Wallace has held senior roles at Baxter in business development, sales and marketing across Asia Pacific. With each new position, he has maintained a strong focus on growth, profitability and leadership while managing change within a challenging international business environment. Mr. Wallace is originally from New Zealand, where he earned a Bachelor of Pharmacy from Otago University and a Post Graduate Diploma in Business Administration from Massey University.

CEO Compensation
  • Insufficient data for Ged to compare compensation growth.
  • Insufficient data for Ged to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the Ellex Medical Lasers management team in years:

0.8
Average Tenure
60
Average Age
  • The average tenure for the Ellex Medical Lasers management team is less than 2 years, this suggests a new team.
Management Team

Victor Previn

TITLE
Founder & Executive Chairman
COMPENSATION
A$148K
AGE
60

Tom Spurling

TITLE
Consultant
COMPENSATION
A$329K
AGE
56

Meera Verma

TITLE
Advisor to the Board
COMPENSATION
A$244K
AGE
60
TENURE
0.9 yrs

Ged Wallace

TITLE
Chief Executive Officer

Maria Maieli

TITLE
Company Secretary & CFO
AGE
50
TENURE
7.9 yrs

Kate Hunt

TITLE
Corporate Communications Manager

Mike Southard

TITLE
Executive Director
TENURE
0.8 yrs

David Lubeck

TITLE
Chief Medical Officer
TENURE
0.5 yrs

Bill Swaim

TITLE
President of Laserex IS Ellex (USA)
COMPENSATION
A$314K

Joaquin Wolff

TITLE
President of Ellex iTrack
AGE
60
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Ellex Medical Lasers board of directors in years:

8.2
Average Tenure
57.5
Average Age
  • The tenure for the Ellex Medical Lasers board of directors is about average.
Board of Directors

Victor Previn

TITLE
Founder & Executive Chairman
COMPENSATION
A$148K
AGE
60
TENURE
13.8 yrs

Mike Southard

TITLE
Executive Director
TENURE
0.8 yrs

Alex Sundich

TITLE
Non-Executive Director
COMPENSATION
A$38K
AGE
54
TENURE
13.8 yrs

Giuseppe Canala

TITLE
Non-Executive Director
COMPENSATION
A$40K
AGE
71
TENURE
10.5 yrs

Rahmon Coupe

TITLE
Independent Director
COMPENSATION
A$33K
AGE
55
TENURE
5.9 yrs

Mike Mangano

TITLE
Independent Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
05. Nov 18 Buy Investors Mutual Limited Company 25. May 18 01. Nov 18 1,450,000 A$0.72 A$1,004,361
01. Jun 18 Buy Rahmon Coupe Individual 28. May 18 28. May 18 26,251 A$0.59 A$15,488
22. May 18 Buy Investors Mutual Limited Company 20. Dec 17 18. May 18 1,497,315 A$0.73 A$1,091,836
14. May 18 Buy Rahmon Coupe Individual 07. May 18 07. May 18 13,749 A$0.74 A$10,174
X
Management checks
We assess Ellex Medical Lasers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ellex Medical Lasers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ELX News

Simply Wall St News

Does Ellex Medical Lasers Limited's (ASX:ELX) CEO Salary Reflect Performance?

How Does Tom Spurling's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Ellex Medical Lasers Limited has a market cap of AU$89m, and is paying total annual CEO compensation of AU$329k. … We examined a group of similar sized companies, with market capitalizations of below AU$282m

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Update: Ellex Medical Lasers Stock Gained 59% In The Last Five Years

While Ellex Medical Lasers Limited (ASX:ELX) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. … Given that Ellex Medical Lasers didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

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Is Ellex Medical Lasers Limited's (ASX:ELX) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Ellex Medical Lasers Limited (ASX:ELX), with a market cap of AU$85m. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Medical Equipment industry,.

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What Percentage Of Ellex Medical Lasers Limited (ASX:ELX) Shares Do Insiders Own?

Every investor in Ellex Medical Lasers Limited (ASX:ELX) should be aware of the most powerful shareholder groups. … With a market capitalization of AU$97m, Ellex Medical Lasers is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Ellex Medical Lasers

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Why Ellex Medical Lasers Limited's (ASX:ELX) CEO Salary Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Tom Spurling's Compensation Compare With Similar Sized Companies. … Our data indicates that Ellex Medical Lasers Limited is worth AU$93m, and total annual CEO compensation is AU$361k.

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Breaking Down Ellex Medical Lasers Limited's (ASX:ELX) Ownership Structure

I am going to take a deep dive into Ellex Medical Lasers Limited’s (ASX:ELX) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … ASX:ELX Ownership Summary July 20th 18

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Did Insiders Buy On Ellex Medical Lasers Limited's (ASX:ELX) Price Volatility?

Ellex Medical Lasers Limited designs, manufactures, distributes, and sells lasers and ultrasound systems for ophthalmologists to diagnose and treat eye diseases. … Ellex Medical Lasers's insiders have invested. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal

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Should You Follow This Trend For Ellex Medical Lasers Limited (ASX:ELX)?

Ellex Medical Lasers is one of Australia’s small-cap stocks that saw some insider buying over the past three months, with insiders investing in more than 2 million shares during this period. … In the past three months, Ellex Medical Lasers’s share price reached a high of A$0.9 and a low of A$0.55. … Next Steps: Ellex Medical Lasers’s net buying tells us the stock is in favour with some insiders, though negative growth in expected earnings contests this assumption, whereas a highly volatile share price could be the driver to buy.

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Who Owns Ellex Medical Lasers Limited (ASX:ELX)?

Today, I will be analyzing Ellex Medical Lasers Limited’s (ASX:ELX) recent ownership structure, an important but not-so-popular subject among individual investors. … View our latest analysis for Ellex Medical Lasers ASX:ELX Ownership_summary May 21st 18 Institutional Ownership In ELX's case, institutional ownership stands at 15.06%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Thus, investors should dig deeper into ELX's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: ELX's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Are Ellex Medical Lasers Limited's (ASX:ELX) Interest Costs Too High?

How does ELX’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … This indicates room for improvement as its cash flow covers less than a quarter of its borrowings, which means its operating efficiency could be better.

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ELX Company Info

Description

Ellex Medical Lasers Limited designs, manufactures, distributes, and sells lasers and ultrasound systems for ophthalmologists to diagnose and treat eye diseases. The company offers Tango for selective light therapy; Tango Reflex for selective light therapy, laser floater treatment, and capsulotomy; iTrack, a glaucoma surgical device for ABiC canaloplasty; Ultra Q for capsulotomy; Ultra Q Reflex for laser floater treatment and capsulotomy; and Integre Pro and Integre Pro scan for photocoagulation and pattern scanning. It also provides Eye One, an intuitive diagnostic ultrasound platform for examination and measurement applications; and Eye Cubed for diagnostic ultrasound needs for posterior and anterior segments, as well as 2RT, a retinal rejuvenation therapy for the treatment of age-related macular degeneration. In addition, the company distributes and services medical devices. It operates in Australia, the United States, Europe, the Middle East, Japan, rest of Asia, South America, and internationally. Ellex Medical Lasers Limited is headquartered in Mawson Lakes, Australia.

Details
Name: Ellex Medical Lasers Limited
ELX
Exchange: ASX
Founded:
A$86,160,682
143,601,138
Website: http://www.ellex.com
Address: Ellex Medical Lasers Limited
3-4 Second Avenue,
Mawson Lakes,
South Australia, 5095,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ELX Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK ELXM.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
CHIA ELX Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
OTCPK ELXM.Y SPONSORED ADS Pink Sheets LLC US USD 07. Nov 2018
Number of employees
Current staff
Staff numbers
301
Ellex Medical Lasers employees.
Industry
Health Care Equipment
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 10:32
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.