Allium Medical Solutions (ALMD)

Business description

Allium Medical Solutions is a company focused on developing and marketing minimally invasive devices in various areas: cardiovascular, metabolic, genitourinary and gastrointestinal. The company has three selling product lines: Allium Stents, IBI (EndoFast) and Gardia Medical.

Stock data

Market cap.NIS74.6m
Last closeNIS1.14
High / Low (52 weeks)NIS1.4 / NIS0.8
Stock market listingTel Aviv Stock Exchange
Forecast net cash (NISm)14.3
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual3.26.3(3.5)
Relative *1.35.3(8.4)

* % Relative to local index

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Company news

A Significant Achievement for Allium Medical: Gardia's WIRION® Embolic ...

Mon, 08 Jun 2015 16:52:30 GMT

Allium Medical Solutions Ltd. is Granted a Japanese Patent for its Triangular ...

Thu, 23 Jun 2011 16:17:18 GMT

Know what drives the Pancreatic Stent Market and Strategies applied by Top key ...

Fri, 25 Aug 2017 15:22:30 GMT

Radioactive Stent Industry Forecast to 2017-21 Research Report

Fri, 20 Oct 2017 07:30:00 GMT

Non-vascular Stents Market: - Global Industry Analysis, Size, Share, Growth ...

Wed, 16 Aug 2017 20:32:28 GMT

Y/E Dec Revenue (NISm) EBITDA (NISm) PBT (NISm) EPS (NIS) P/E (x) P/CF (x)
2015A 5.2 (16.3) (18.5) (0.65) N/A N/A
2016A 7.4 (20.4) (22.0) (0.49) N/A N/A
2017E 9.7 (19.5) (20.3) (0.35) N/A N/A
2018E 16.6 (6.8) (7.3) (0.11) N/A N/A

Last updated on 14/09/2017

Investment summary

Allium Medical Solutions is a company focused on developing and marketing minimally invasive devices in various areas: cardiovascular, metabolic, genitourinary and gastrointestinal. The company has three selling product lines: Allium Stents, IBI (EndoFast) and Gardia Medical. Peripheral stents and EndoFast urogynecology devices generate the bulk of revenues (70% of NIS7.3m in 2016). Allium has achieved revenue CAGR of 23% in 2011-16. The investment case rests on Allium’s ability to execute on its ambitious growth strategy, with revenues expanding at a double-digit rate as the company continues to gain market share in established and new regions. Cash equivalents and short-term deposits at end June 2017 plus proceeds of July 2017 equity raise were NIS25.6m.

Last updated on 03/10/2017

Industry outlook

We expect Allium’s growth to accelerate in the medium term, driven by new markets, resulting in 2016-20e revenue CAGR of 46%. Allium also has two devices in preclinical development: Allevetix for diabetes and obesity (start a clinical trial in 2017) and TruLeaf, a mitral valve replacement device that will develop until completion of clinical trial. Gardia Medical’s Wirion device has met the primary endpoint of its clinical trial, important for strategic partnering discussions.

Last updated on 03/10/2017

Key management

Asaf Alperovitz, CEO
Ariel Rubashkin, CFO

Company address

2 Ha'Eshel St., PO Box 3081
Caesarea Industrial Park South
3088900
Israel
+972 4 6277166
View website