AFT Pharmaceuticals (AFT)

Business description

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 drugs to treat a range of conditions and a proprietary nebuliser.

Stock data

Market cap.NZ$248.1m
Last closeNZ$2.55
High / Low (52 weeks)NZ$3.1 / NZ$2.2
Stock market listingNZ
Forecast net debt (NZ$m)10.5
Forecast gearing ratio (%)54
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual6.258.51(15)
Relative *2.44.82(24.01)

* % Relative to local index

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Company news

AFT Pharmaceuticals Ltd (AFT.NZ): Following the Indicators

Fri, 20 Oct 2017 18:45:00 GMT

Further US investment in AFT Pharmaceuticals

Wed, 27 May 2015 21:29:21 GMT

AFT Pharmaceuticals to list on NZX and ASX in December

Thu, 26 Nov 2015 05:14:47 GMT

AFT Pharmaceuticals raises $9.1m via redeemable share issue, announces SPP

Thu, 16 Mar 2017 21:56:15 GMT

Technical Watch: Tracking the Signals on Shares of AFT Pharmaceuticals Ltd ...

Thu, 12 Oct 2017 09:00:00 GMT

Y/E Mar Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 64.0 (7.8) (10.8) (11.12) N/A N/A
2017A 69.2 (15.1) (18.5) (19.12) N/A N/A
2018E 97.7 1.3 (0.6) (0.61) N/A 324.5
2019E 124.2 16.5 14.7 15.10 16.9 18.6

Last updated on 14/09/2017

Investment summary

AFT Pharmaceuticals is a New Zealand-based speciality pharmaceutical company that currently sells 130 prescription speciality generics and OTC products through its own sales force in New Zealand, Australia and South-East Asia and has been expanding its geographic footprint. Maxigesic, its combination acetaminophen/ibuprofen product that is addressing a $10.4b market, is currently sold and launched in 9 countries and distribution agreements are in place in a total of 124. AFT is targeting between 30-40 launches for Maxigesic in FY18. AFT is also developing a handheld device called SURF Nebuliser, which is able to deliver therapies intranasally, with a main focus on the $3 billion conscious sedation market, while carrying out a preliminary study in sinusitis in parallel, with the aim of filing in H2 2018.

Last updated on 03/10/2017

Industry outlook

AFT is a multi product company targeting pharmacy prescription, OTC and hospital markets. Data for Maxigesic offers them a competitive advantage in a fragmented industry.

Last updated on 03/10/2017

Key management

David Flacks, Chairman
Dr Hartley Atkinson, CEO
Nathan D. Hukill, Member of the Board of Directors
Malcolm Tubby , Chief Financial Officer
Michael Weinmann, Member of the Board of Directors

Company address

Level 1, 129 Hurstmere Road
Takapuna
Auckland
0622
New Zealand
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