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Elbit Medical Technologies (EMTC)

Business description

Elbit Medical Technologies is an Israeli biomedical and healthcare technology group. Its portfolio of two companies is focused on medical devices and therapeutics: InSightec, which develops and markets the ExAblate platform for non-invasive thermal tissue ablation, and Gamida Cell, which is developing a universal bone marrow transplant.

Stock data

Market cap.NIS258.1m
Last closeNIS1.12
High / Low (52 weeks)NIS1.5 / NIS0.9
Stock market listingTel Aviv Stock Exchange
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual11.57.210.6
Relative *8.92.2(3.5)

* % Relative to local index

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Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2016A 0.0 (0.6) (3.7) 0.0 N/A N/A
2017A 0.0 (0.7) (5.2) 0.0 N/A N/A
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 11/10/2018

Investment summary

Elbit Medical Technologies is an Israel-based healthcare investment company. The company holds a ~22% (~18.5% fully diluted) stake in InSightec, a commercial-stage medical device company. InSightec’s ExAblate uses MRI and high-intensity focused ultrasound to perform precise and incisionless thermal tissue ablation. ExAblate has achieved FDA and CE approval for three distinct indications, with revenues of $32.1m for FY17. The company is also invested in Gamida Cell (~18% owned, ~13% fully diluted), which is developing NiCord, a product derived from umbilical cord blood (UCB) stem cells, for the treatment of high-risk haematological malignancies. Enrolment is underway for a Phase III study with enrolment expected to be complete in H219. Gamida Cell has also recently filed to list on NASDAQ.

Last updated on 12/11/2018

Industry outlook

Elbit Medical Technologies is invested in the healthcare sector through its holdings in two companies that are developing medical device and therapeutic technologies.

Last updated on 12/11/2018

Key management

Yael Edri, CFO

Company address

1 & 1/2, Indian Express Building, 3rd Floor,, Dr Ambedkar Veedhi
Bengaluru, Karnataka
560001
India
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