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AFT Pharmaceuticals (ASX: AFT)

Last close As at 02/05/2024

NZD3.00

▲ −0.02 (−0.66%)

Market capitalisation

NZD315m

AFT Pharmaceuticals is a specialty pharmaceutical company that operates primarily in Australasia but has product distribution agreements across the globe. The company’s product portfolio includes prescription and over-the-counter (OTC) drugs to treat a range of conditions and a proprietary nebuliser.

AFT Pharmaceuticals is a multi-product company targeting pharmacy prescription, OTC and hospital markets. Data for Maxigesic offer it a competitive advantage in a fragmented industry.

Latest Insights

View More

Healthcare | Flash note

AFT Pharmaceuticals — Maxigesic IV’s Brazil entry, a foray into LATAM

Healthcare | Flash note

AFT Pharmaceuticals — Expanded R&D pipeline to fuel LT growth

Healthcare | Flash note

AFT Pharmaceuticals — Poised for international market expansion

Healthcare | Update

AFT Pharmaceuticals — US milestone triggers upside and guidance bump
AFT-Pharmaceuticals_resized
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Sector

Healthcare

Equity Analyst

Soo Romanoff

Soo Romanoff

Managing Director - Head of Content, Healthcare

Nidhi Singh

Nidhi Singh

Analyst

Jyoti Prakash

Jyoti Prakash

Analyst, Healthcare

Arron Aatkar

Associate analyst

Key Management

  • David Flacks

    Chairman

  • Dr Hartley Atkinson

    CEO

  • Malcolm Tubby

    Chief Financial Officer

  • Michael Weinmann

    Member of the Board of Directors

  • Nathan D. Hukill

    Member of the Board of Directors

Balance Sheet

Forecast net debt (NZ$m)

25.6

Forecast gearing ratio (%)

29

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (3.5) (19.8) (11.0)
Relative (1.7) (18.6) (6.8)
52 week high/low 3.9/2.8

Financials

AFT continues to expand its Maxigesic IV footprint with the announcement of a licensing agreement in Brazil, the largest pharma market in South America and tenth largest market globally. The deal signed with Halex Istar, a leading manufacturer of injectables in the country, provides a strong foundation for further extension into the Latin American and global markets, an overarching long-term goal for AFT. Maxigesic IV is a higher-strength version of AFT’s proprietary paracetamol plus ibuprofen formulation targeting post-surgical pain relief in the hospital setting. It is currently available in 36 countries, including the US, with the recent launch by Hikma, its distribution partner.

Y/E Mar Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (c) P/E (x) P/CF (x)
2022A 130.3 21.4 18.9 19.2 15.6 15.8
2023A 156.6 21.4 16.7 11.0 27.3 29.5
2024E 187.5 25.6 22.3 15.5 19.4 20.3
2025E 223.5 30.0 26.3 18.2 16.5 17.1

Research

Flash note

Healthcare

AFT Pharmaceuticals — Expanded R&D pipeline to fuel LT growth

Flash note

Healthcare

AFT Pharmaceuticals — Poised for international market expansion

Healthcare

Flash note

AFT Pharmaceuticals — Maxigesic IV’s Brazil entry, a foray into LATAM
View All

Thematics

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