OTCPK:ELXM.Y

Stock Analysis Report

Executive Summary

Ellex Medical Lasers Limited designs, manufactures, distributes, and sells lasers and ultrasound systems for ophthalmologists to diagnose and treat eye diseases.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.

Risks

  • Ellex Medical Lasers is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Ellex Medical Lasers's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:ELXM.Y

0.8%

US Medical Equipment

1.1%

US Market


1 Year Return

n/a

OTCPK:ELXM.Y

9.6%

US Medical Equipment

2.1%

US Market

No trading data on ELXM.Y.

No trading data on ELXM.Y.


Share holder returns

ELXM.YIndustryMarket
7 Day0%0.8%1.1%
30 Day0%0.2%3.7%
90 Day0%2.7%2.3%
1 Yearn/a10.5%9.6%4.4%2.1%
3 Yearn/a69.5%64.3%47.0%37.4%
5 Yearn/a132.5%105.9%61.6%43.8%

Price Volatility Vs. Market

How volatile is Ellex Medical Lasers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

1.14x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Ellex Medical Lasers to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Ellex Medical Lasers to establish if it is available at substantial discount.


Price Based on Earnings

Ellex Medical Lasers is loss making, we can't compare its value to the US Medical Equipment industry average.

Ellex Medical Lasers is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

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

Ellex Medical Lasers is good value based on assets compared to the US Medical Equipment industry average.


Next Steps

Future Growth

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

55.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ellex Medical Lasers's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).

Ellex Medical Lasers's earnings are expected to grow significantly at over 20% yearly.

Ellex Medical Lasers's revenue growth is expected to exceed the United States of America market average.

Ellex Medical Lasers's earnings growth is expected to exceed the United States of America market average.

Ellex Medical Lasers's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Ellex Medical Lasers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

-52.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 US Medical Equipment industry average as it is not currently profitable.


Return on Equity

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.


Return on Assets

It is difficult to establish if Ellex Medical Lasers has efficiently used its assets last year compared to the US Medical Equipment industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Ellex Medical Lasers's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.1x debt.


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.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Ged Wallace 0

0.08yrs

Tenure

0

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 2 ...


Management Age and Tenure

0.8yrs

Average Tenure

60yo

Average Age

The average tenure for the Ellex Medical Lasers management team is less than 2 years, this suggests a new team.


Board Age and Tenure

8.3yrs

Average Tenure

57.5yo

Average Age

The tenure for the Ellex Medical Lasers board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Joaquin Wolff (60yo)

    President of Ellex iTrack

    • Tenure: 0.8yrs
  • Meera Verma (60yo)

    Advisor to the Board

    • Tenure: 1yrs
    • Compensation: AU$243.97k
  • Victor Previn (60yo)

    Founder & Executive Chairman

    • Tenure: 13.8yrs
    • Compensation: AU$147.83k
  • Bill Swaim

    President of Laserex IS Ellex (USA)

    • Tenure: 0yrs
    • Compensation: AU$314.07k
  • Ged Wallace

    Chief Executive Officer

    • Tenure: 0.08yrs
  • Tom Spurling (56yo)

    Consultant

    • Tenure: 0.08yrs
    • Compensation: AU$328.50k
  • Maria Maieli (50yo)

    Company Secretary & CFO

    • Tenure: 8yrs
  • Kate Hunt

    Corporate Communications Manager

    • Tenure: 0yrs
  • Mike Southard

    Executive Director

    • Tenure: 0.8yrs
  • David Lubeck

    Chief Medical Officer

    • Tenure: 0.6yrs

Board Members

  • Victor Previn (60yo)

    Founder & Executive Chairman

    • Tenure: 13.8yrs
    • Compensation: AU$147.83k
  • Alex Sundich (54yo)

    Non-Executive Director

    • Tenure: 13.8yrs
    • Compensation: AU$38.33k
  • Rahmon Coupe (55yo)

    Independent Director

    • Tenure: 6yrs
    • Compensation: AU$32.85k
  • Giuseppe Canala (71yo)

    Non-Executive Director

    • Tenure: 10.6yrs
    • Compensation: AU$40.32k
  • Mike Mangano

    Independent Director

    • Tenure: 0.8yrs
  • Mike Southard

    Executive Director

    • Tenure: 0.8yrs

Company Information

Ellex Medical Lasers Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ellex Medical Lasers Limited
  • Ticker: ELXM.Y
  • Exchange: OTCPK
  • Founded:
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: AU$81.853m
  • Listing Market Cap: AU$56.622m
  • Shares outstanding: 143.60m
  • Website: https://www.ellex.com

Number of Employees


Location

  • Ellex Medical Lasers Limited
  • 3-4 Second Avenue
  • Mawson Lakes
  • South Australia
  • 5095
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
ELXM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
ELXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
ELXM.YOTCPK (Pink Sheets LLC)SPONSORED ADSUSUSDNov 2018

Biography

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 ligh ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/28 01:19
End of Day Share Price2019/02/27 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.