Polynovo Limited develops medical devices in the United States, Australia, New Zealand, the United Kingdom, Ireland, Singapore, and internationally.
No risks detected for PNV from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.87|
|52 Week High||AU$1.65|
|52 Week Low||AU$4.08|
|1 Month Change||-4.59%|
|3 Month Change||-17.62%|
|1 Year Change||-24.29%|
|3 Year Change||225.22%|
|5 Year Change||513.12%|
|Change since IPO||835.00%|
Recent News & Updates
PolyNovo Limited's (ASX:PNV) CEO Compensation Looks Acceptable To Us And Here's Why
CEO Paul Brennan has done a decent job of delivering relatively good performance at PolyNovo Limited ( ASX:PNV...
Is PolyNovo (ASX:PNV) Using Debt In A Risky Way?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
|PNV||AU Medical Equipment||AU Market|
Return vs Industry: PNV underperformed the Australian Medical Equipment industry which returned -6.3% over the past year.
Return vs Market: PNV underperformed the Australian Market which returned 21.1% over the past year.
Stable Share Price: PNV is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PNV's weekly volatility (7%) has been stable over the past year.
About the Company
Polynovo Limited develops medical devices in the United States, Australia, New Zealand, the United Kingdom, Ireland, Singapore, and internationally. The company offers NovoSorb Biodegradable Temporising Matrix, which is used in a fully debrided clean surgical wound to physiologically close the wound. It is also developing Syntrel hernia devices for hernia repair; NovoSorb Dermal Beta Cell Implant to host pancreatic islets in the skin; and NovoSorb drug elution depots.
PolyNovo Fundamentals Summary
|PNV fundamental statistics|
Is PNV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PNV income statement (TTM)|
|Cost of Revenue||AU$5.20m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.007|
|Net Profit Margin||-15.79%|
How did PNV perform over the long term?See historical performance and comparison
Is PolyNovo undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PNV (A$1.87) is trading below our estimate of fair value (A$5.49)
Significantly Below Fair Value: PNV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PNV is unprofitable, so we can't compare its PE Ratio to the Australian Medical Equipment industry average.
PE vs Market: PNV is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PNV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PNV is overvalued based on its PB Ratio (55.3x) compared to the AU Medical Equipment industry average (4.6x).
How is PolyNovo forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: PNV is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PNV's is expected to become profitable in the next 3 years.
Revenue vs Market: PNV's revenue (32.6% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: PNV's revenue (32.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PNV's Return on Equity is forecast to be very high in 3 years time (47.3%).
How has PolyNovo performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNV is currently unprofitable.
Growing Profit Margin: PNV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PNV is unprofitable, and losses have increased over the past 5 years at a rate of 2.3% per year.
Accelerating Growth: Unable to compare PNV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PNV is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (74.9%).
Return on Equity
High ROE: PNV has a negative Return on Equity (-20.6%), as it is currently unprofitable.
How is PolyNovo's financial position?
Financial Position Analysis
Short Term Liabilities: PNV's short term assets (A$16.2M) exceed its short term liabilities (A$8.6M).
Long Term Liabilities: PNV's short term assets (A$16.2M) exceed its long term liabilities (A$7.3M).
Debt to Equity History and Analysis
Debt Level: PNV's debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PNV's debt to equity ratio has reduced over the past 5 years.
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.
Stable Cash Runway: PNV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PNV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is PolyNovo current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PNV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PNV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PNV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PNV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PNV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Paul Brennan, MBA, BSc (Nursing), RN, RM, serves as Managing Director at PolyNovo Limited since April 23, 2020 and serves as its Director since April 23, 2020 and serves as its Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD1.96M) is above average for companies of similar size in the Australian market ($USD971.84K).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Experienced Management: PNV's management team is considered experienced (2.5 years average tenure).
Experienced Board: PNV's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PolyNovo Limited's employee growth, exchange listings and data sources
- Name: PolyNovo Limited
- Ticker: PNV
- Exchange: ASX
- Founded: 1998
- Industry: Health Care Supplies
- Sector: Healthcare
- Market Cap: AU$1.237b
- Shares outstanding: 661.39m
- Website: https://www.polynovo.com.au
Number of Employees
- PolyNovo Limited
- 320 Lorimer Street
- Unit 2
- Port Melbourne
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:05|
|End of Day Share Price||2021/10/21 00:00|
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.