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$242.3m
Last closeNZ$2.49
High / Low (52 weeks)NZ$2.8 / NZ$2.2
Stock market listingNZ
Forecast net debt (NZ$m)19.3
Forecast gearing ratio (%)193
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual3.8(0.4)(9.8)
Relative *0.3(4.6)(22.4)

* % Relative to local index

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Company news

AFT Pharmaceuticals: Australia And Maxigesic Driving Growth

Wed, 13 Dec 2017 07:41:15 GMT

Stock Update: Levels in Review For AFT Pharmaceuticals Ltd (AFT.NZ)

Fri, 15 Dec 2017 02:13:10 GMT

AFT Pharmaceuticals to list on NZX and ASX in December

Thu, 26 Nov 2015 05:14:47 GMT

Aft Pharmaceuticals Limited (AFP.AX) RMI Climbing Towards Key Levels

Fri, 15 Dec 2017 10:18:45 GMT

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

Thu, 16 Mar 2017 21:56:15 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 80.6 (9.4) (12.2) (12.89) N/A N/A
2019E 98.0 1.3 (0.5) (0.56) N/A N/A

Last updated on 12/12/2017

Investment summary

AFT Pharmaceuticals is a New Zealand-based specialty pharmaceutical company that currently sells over 130 prescription specialty generics and OTC products through its own salesforce in New Zealand, Australia and South-East Asia. It has been expanding its geographic footprint thanks mainly to Maxigesic, its paracetamol (acetaminophen)/ibuprofen combination product. Maxigesic is currently being sold in 10 countries and has distribution agreements in 124 in total. Further Maxigesic launches in the next two to three years should help drive revenues and margins.

Last updated on 12/12/2017

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 02/11/2017

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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