MorphoSys (MOR)

Business description

MorphoSys is a German biotechnology company that uses its proprietary antibody platforms to produce human antibodies for therapeutic use across a range of indications for partners and to develop its own pipeline.

Stock data

Market cap.€1335.8m
Last close€50.33
High / Low (52 weeks)€76.2 / €35.2
Stock market listingDE
Forecast net cash (€m)167.8
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual10.733.5(25.2)
Relative *10.523.6(15.4)

* % Relative to local index

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Company news

MorphoSys AG Reports Results for the First Three Months of 2016

Tue, 03 May 2016 05:03:12 GMT

MorphoSys AG: Announcement of the Convening of the AGM in Munich/Germany on ...

Wed, 20 Apr 2016 13:33:39 GMT

MorphoSys AG : MorphoSys and Celgene Mutually Agree to End MOR202 Collaboration

Thu, 26 Mar 2015 16:23:10 GMT

MorphoSys AG : MorphoSys to Receive Milestone Payment for Guselkumab Program ...

Mon, 13 Apr 2015 05:36:15 GMT

MorphoSys to Host Q1 2016 Conference Call on May 3, 2016

Wed, 27 Apr 2016 12:07:51 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2014A 64.0 (1.8) (1.6) (1.3) N/A N/A
2015A 106.2 21.4 22.1 62.8 80.1 N/A
2016E 48.6 (59.5) (58.6) (153.4) N/A N/A
2017E 56.0 (67.4) (66.5) (172.1) N/A N/A

Last updated on 17/05/2016

Investment summary

MorphoSys is a biotechnology company developing antibody-based therapeutics for an array of indications. It is transitioning from a model of partnering early-stage leads to a proprietary development company. In 2015, research and development on these programmes increased by 61% and management guided to an additional 40% increase in 2016. This coincides with the maturation of its Partnered Discovery programmes, the first of which is expected to generate revenue in 2017.

Last updated on 17/05/2016

Industry outlook

The pharmaceutical industry is out-licensing more drug discovery and developing more biological products, both trends that should benefit MorphoSys. Also, there is increasing demand for novel therapies, such as those in MorphoSys's proprietary pipeline.

Last updated on 03/05/2016

Key management

Jens Holstein, CFO

Company address

Lena-Christ-Str. 48
82152 Martinsried/Planegg
Germany
+49 (0)89 / 899 27-0
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