Laboratorios Farmacéuticos ROVI (ROVI)

Business description

Laboratorios Farmacéuticos ROVI is a fully integrated Spanish speciality pharmaceutical company involved in the development, in-licensing, manufacture and marketing of small molecule and speciality biologic drugs with a particular expertise in low molecular weight heparin (LMWH).

Stock data

Market cap.€846.5m
Last close€16.93
High / Low (52 weeks)€17.2 / €11.0
Stock market listingSP
Forecast net cash (€m)8
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual7.75.739.3
Relative *8.710.519.3

* % Relative to local index

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Company news

Orexigen Therapeutics Announces Commercialization and Distributorship ...

Mon, 01 Aug 2016 12:22:30 GMT

Orexigen Therapeutics Announces Spanish Launch of Mysimba® (naltrexone HCl ...

Wed, 25 Jan 2017 12:33:45 GMT

Rovi announces update on risperidone project

Tue, 24 Oct 2017 07:41:15 GMT

Laboratorios Farmacéuticos taps Veeva for cloud-based CRM

Wed, 29 Jan 2014 11:03:11 GMT

Orexigen (OREX) Down 9.4% Since Earnings Report: Can It Rebound?

Wed, 14 Jun 2017 06:22:30 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 246.0 31.8 22.9 43.99 38.5 36.4
2016A 265.2 39.3 30.3 58.11 29.1 28.6
2017E 277.3 28.7 19.6 36.88 45.9 18.4
2018E 294.7 39.3 29.7 55.63 30.4 36.8

Last updated on 14/11/2017

Latest research

Investment summary

ROVI reported operating revenue of €203m for 9M17 (+ 6%), driven by exceptionally strong growth in the toll manufacturing business (+20%). The speciality pharmaceutical business grew 3%, aided by sales growth in newer product launches offsetting declines in the mature portfolio. ROVI has launched its internally developed biosimilar enoxaparin into the first European market (Germany) ahead of any competition; this is a key driver of sales and operating growth in the medium term. R&D progress continues with the long-acting DORIA (schizophrenia) and letrozole (breast cancer) having entered Phase III and Phase I of clinical-stage development respectively. Our revised valuation is €0.98bn.

Last updated on 14/11/2017

Industry outlook

ROVI has a strong presence in the Spanish heparin market (and select international markets through partners), where it has been manufacturing and marketing its flagship product Hibor (second-generation LMWH) since 1998.

Last updated on 02/11/2017

Key management

Javier Lopez-Belmonte Encina, CFO
Raquel Murillo Arranz, Investor Relations
Marta Campos Martinez, Investor Relations

Company address

C/ Julián camarillo 35
Madrid
28037
Spain
+34 913756230
View website