Telix Pharmaceuticals (ASX:TLX) - Share price, News & Analysis

TLX fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

TLX Overview

Telix Pharmaceuticals Limited, a radiopharmaceutical company, develops molecularly targeted radiation products for unmet needs in cancer care in Australia, Belgium, Japan, and the United States.

Rewards

Trading at 46.1% below our estimate of its fair value

Earnings are forecast to grow 79.66% per year

Risk Analysis

Shareholders have been diluted in the past year

Does not have meaningful revenue (A$7M)

Price History & Performance

Summary of all time highs, changes and price drops for Telix Pharmaceuticals
Historical stock prices
Current Share Price	AU$5.70
52 Week High	AU$1.61
52 Week Low	AU$7.65
Beta	2.42
1 Month Change	-16.18%
3 Month Change	8.16%
1 Year Change	237.28%
3 Year Change	551.43%
5 Year Change	n/a
Change since IPO	640.26%

Shareholder Returns

	TLX	AU Biotechs	AU Market
7D	-7.6%	0.4%	1.5%
1Y	237.3%	2.5%	21.1%

Return vs Industry: TLX exceeded the Australian Biotechs industry which returned 2.5% over the past year.

Return vs Market: TLX exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is TLX's price volatile compared to industry and market?
TLX volatility
TLX Beta	2.42
Industry Beta	1.63
Market Beta	1

Stable Share Price: TLX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TLX's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	n/a	Chris Behrenbruch	https://www.telixpharma.com

Telix Pharmaceuticals Limited, a radiopharmaceutical company, develops molecularly targeted radiation products for unmet needs in cancer care in Australia, Belgium, Japan, and the United States. The company focuses on developing diagnostic and therapeutic products using molecularly targeted radiation (MTR). Its lead products include TLX250, which is in Phase II clinical trials for the diagnosis and treatment of renal (kidney) cancer; TLX250-CDx that is in Phase III clinical trials for the diagnosis and treatment of renal (kidney) cancer; TLX591, which is in pre-Phase 3 development for the diagnosis and treatment of metastatic castrate-resistant prostate cancer; TLX591-CDx that is in Phase III clinical trials for the diagnosis and treatment of metastatic castrate-resistant prostate cancer; and TLX101, which is in Phase I/II clinical trial for the treatment of glioblastoma (brain cancer).

Telix Pharmaceuticals Fundamentals Summary

How do Telix Pharmaceuticals's earnings and revenue compare to its market cap?
TLX fundamental statistics
Market Cap	AU$1.62b
Earnings (TTM)	-AU$59.10m
Revenue (TTM)	AU$6.52m

249.5x

P/S Ratio

-27.5x

P/E Ratio

Is TLX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TLX income statement (TTM)
Revenue	AU$6.52m
Cost of Revenue	AU$1.98m
Gross Profit	AU$4.53m
Expenses	AU$63.63m
Earnings	-AU$59.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.21
Gross Margin	69.58%
Net Profit Margin	-907.00%
Debt/Equity Ratio	0.09%

How did TLX perform over the long term?

See historical performance and comparison

Valuation

Is Telix Pharmaceuticals undervalued compared to its fair value and its price relative to the market?

46.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TLX (A$5.7) is trading below our estimate of fair value (A$10.57)

Significantly Below Fair Value: TLX is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: TLX is unprofitable, so we can't compare its PE Ratio to the Global Biotechs industry average.

PE vs Market: TLX 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 TLX's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: TLX is overvalued based on its PB Ratio (33.9x) compared to the AU Biotechs industry average (4.8x).

Future Growth

How is Telix Pharmaceuticals forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

79.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TLX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: TLX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TLX's is expected to become profitable in the next 3 years.

Revenue vs Market: TLX's revenue (75.4% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: TLX's revenue (75.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TLX's Return on Equity is forecast to be low in 3 years time (16.4%).

Past Performance

How has Telix Pharmaceuticals performed over the past 5 years?

-52.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TLX is currently unprofitable.

Growing Profit Margin: TLX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: TLX is unprofitable, and losses have increased over the past 5 years at a rate of 52.8% per year.

Accelerating Growth: Unable to compare TLX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TLX is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (46.5%).

Return on Equity

High ROE: TLX has a negative Return on Equity (-123.3%), as it is currently unprofitable.

Financial Health

How is Telix Pharmaceuticals's financial position?

Financial Position Analysis

Short Term Liabilities: TLX's short term assets (A$70.3M) exceed its short term liabilities (A$22.3M).

Long Term Liabilities: TLX's short term assets (A$70.3M) exceed its long term liabilities (A$58.6M).

Debt to Equity History and Analysis

Debt Level: TLX's debt to equity ratio (0.09%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TLX's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

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: TLX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TLX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is Telix Pharmaceuticals's current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TLX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TLX'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 TLX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TLX'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 TLX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.

Next Steps

Explore strong dividend paying companies in the Pharmaceuticals & Biotech industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure

CEO

Chris Behrenbruch (46 yo)

no data

Tenure

AU$421,493

Compensation

Dr. Christian P. Behrenbruch, also known as Chris, BEng (Hons), J.D., Ph.D. DPhil (Oxon), MBA (TRIUM), JD (Melb), FIEAust, GAICD, is Co-Founder, Chief Executive Officer and Managing Director of Telix Pharm...

CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD315.65K) is below average for companies of similar size in the Australian market ($USD1.42M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: TLX's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Experienced Board: TLX's board of directors are considered experienced (4.4 years average tenure).

Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.3%.

Data	Last Updated (UTC time)
Company Analysis	2021/10/21 18:21
End of Day Share Price	2021/10/21 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data