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MIST

Milestone Pharmaceuticals NasdaqGS:MIST Stock Report

Last Price

US$6.47

Market Cap

US$193.6m

7D

-6.9%

1Y

20.5%

Updated

10 Aug, 2022

Data

Company Financials +
MIST fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MIST Stock Overview

Milestone Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of cardiovascular medicines.

Milestone Pharmaceuticals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Milestone Pharmaceuticals
Historical stock prices
Current Share PriceUS$6.47
52 Week HighUS$8.24
52 Week LowUS$3.98
Beta2.78
1 Month Change2.86%
3 Month Change26.12%
1 Year Change20.48%
3 Year Change-62.49%
5 Year Changen/a
Change since IPO-57.90%

Recent News & Updates

Jun 24
We Think Milestone Pharmaceuticals (NASDAQ:MIST) Can Afford To Drive Business Growth

We Think Milestone Pharmaceuticals (NASDAQ:MIST) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Feb 25
We're Hopeful That Milestone Pharmaceuticals (NASDAQ:MIST) Will Use Its Cash Wisely

We're Hopeful That Milestone Pharmaceuticals (NASDAQ:MIST) Will Use Its Cash Wisely

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Aug 25
We're Interested To See How Milestone Pharmaceuticals (NASDAQ:MIST) Uses Its Cash Hoard To Grow

We're Interested To See How Milestone Pharmaceuticals (NASDAQ:MIST) Uses Its Cash Hoard To Grow

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

MISTUS PharmaceuticalsUS Market
7D-6.9%-0.3%1.2%
1Y20.5%3.2%-11.6%

Return vs Industry: MIST exceeded the US Pharmaceuticals industry which returned 1.5% over the past year.

Return vs Market: MIST exceeded the US Market which returned -13.5% over the past year.

Price Volatility

Is MIST's price volatile compared to industry and market?
MIST volatility
MIST Average Weekly Movement6.8%
Pharmaceuticals Industry Average Movement11.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: MIST is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MIST's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200329Joe Olivetohttps://www.milestonepharma.com

Milestone Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of cardiovascular medicines. The company is developing etripamil, a novel channel blocker, which is in Phase III clinical trial for the treatment of paroxysmal supraventricular tachycardia in the United States and Canada; and Phase II clinical trial for the treatment of atrial fibrillation and rapid ventricular rate. It has a license and collaboration agreement with Ji Xing Pharmaceuticals to develop and commercialize etripamil prophylactic and therapeutic uses in humans.

Milestone Pharmaceuticals Fundamentals Summary

How do Milestone Pharmaceuticals's earnings and revenue compare to its market cap?
MIST fundamental statistics
Market CapUS$193.62m
Earnings (TTM)-US$44.35m
Revenue (TTM)US$15.00m

12.9x

P/S Ratio

-4.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIST income statement (TTM)
RevenueUS$15.00m
Cost of RevenueUS$0
Gross ProfitUS$15.00m
Other ExpensesUS$59.35m
Earnings-US$44.35m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.48
Gross Margin100.00%
Net Profit Margin-295.64%
Debt/Equity Ratio0%

How did MIST perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MIST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIST?

Other financial metrics that can be useful for relative valuation.

MIST key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.3x
Enterprise Value/EBITDA-2.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MIST's PS Ratio compare to its peers?

MIST PS Ratio vs Peers
The above table shows the PS ratio for MIST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.5x
MRNS Marinus Pharmaceuticals
7.9x60.1%US$220.2m
XERS Xeris Biopharma Holdings
4.1x28.7%US$262.4m
VRNA Verona Pharma
16.6x63.3%US$664.4m
PRPH ProPhase Labs
1.5x-17.0%US$167.7m
MIST Milestone Pharmaceuticals
12.9x79.0%US$193.6m

Price-To-Sales vs Peers: MIST is expensive based on its Price-To-Sales Ratio (12.9x) compared to the peer average (7.5x).


Price to Earnings Ratio vs Industry

How does MIST's PE Ratio compare vs other companies in the US Pharmaceuticals Industry?

Price-To-Sales vs Industry: MIST is expensive based on its Price-To-Sales Ratio (12.9x) compared to the US Pharmaceuticals industry average (3.8x)


Price to Sales Ratio vs Fair Ratio

What is MIST's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.9x
Fair PS Ratio30.4x

Price-To-Sales vs Fair Ratio: MIST is good value based on its Price-To-Sales Ratio (12.9x) compared to the estimated Fair Price-To-Sales Ratio (30.4x).


Share Price vs Fair Value

What is the Fair Price of MIST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MIST's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MIST's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Milestone Pharmaceuticals forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


48.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIST is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MIST is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MIST is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MIST is forecast to have no revenue next year.

High Growth Revenue: MIST is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MIST's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Milestone Pharmaceuticals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MIST is currently unprofitable.

Growing Profit Margin: MIST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MIST is unprofitable, and losses have increased over the past 5 years at a rate of 13.1% per year.

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

Earnings vs Industry: MIST is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (13.5%).


Return on Equity

High ROE: MIST has a negative Return on Equity (-44.01%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Milestone Pharmaceuticals's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MIST's short term assets ($105.0M) exceed its short term liabilities ($4.6M).

Long Term Liabilities: MIST's short term assets ($105.0M) exceed its long term liabilities ($433.0K).


Debt to Equity History and Analysis

Debt Level: MIST is debt free.

Reducing Debt: MIST has not had any debt for 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: MIST has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MIST has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 9.6% each year.


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MIST's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MIST has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.6yrs

Average management tenure


CEO

Joe Oliveto (54 yo)

5.42yrs

Tenure

US$4,095,253

Compensation

Mr. Joseph G. Oliveto, also known as Joe, M.B.A., has been Chief Executive Officer and President of Milestone Pharmaceuticals Inc. March 2017 and has been its Director since July 2017. Mr. Oliveto served a...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD4.10M) is above average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MIST's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: MIST's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MIST insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Milestone Pharmaceuticals Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Milestone Pharmaceuticals Inc.
  • Ticker: MIST
  • Exchange: NasdaqGS
  • Founded: 2003
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Implied Market Cap: US$193.617m
  • Shares outstanding: 29.93m
  • Website: https://www.milestonepharma.com

Number of Employees


Location

  • Milestone Pharmaceuticals Inc.
  • 1111 Dr. Frederik-Philips Boulevard
  • Suite 420
  • Montreal
  • Quebec
  • H4M 2X6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.