A quick summary:
Bell Potter Buy $1.32 (steady)
Outlook is growing stronger, Margin growth in specialtybrands division impressive compared to industry peers.
Operating expenses impacted results negatively and pendingcompetition in a key generic drug are reasons for concern. Outlook remainsencouraging on many levels.
Credit Suisse Outperform $1 (down from $1.30)
Specialty brands performing very well up 190%. With that divisiona key driver of growth, a higher multiple for the company is warranted. Generic revenue down 10%.
Downgraded forecasts by 30% across all forecast periods.
Macquarie - Underperform $0.75 (down from $0.86)
First half results were in line with Macquarie'sexpectations. Higher future cost assumptions caused a reduction in futuregrowth estimates. Specialty brands =good but competitive pressure emerging in specialty brands = bad. Generic division in line with expectations.
Citigroup Buy $0.95 (steady)
Costs higher than expected, operations in line withexpectations. Higher level of stability in generics is encouraging. There is abalance between opportunities and threats to revenues. This warrants a cautiousoutlook but at current prices the stock is undervalued.
UBS Neutral $0.78 (down from $0.83)
MYX's 1H19 earnings improved materially on a weak pcp with grossprofit up +25% but this was FX assisted.
Operating costs up +35% - linked to a new marketing teambeing built out (marketing costs up 26%) and higher admin costs (up 31%) .
Greenville site expansion, reallocation from R&D and aone-off customer settlement all contributed to higher costs.
MYX is trading on 12-mth forward EV/EBITDA of ~9x below peer group average of 9.1x; That said, on their estimates, MYX's 12-mth forward EBITDA growth of ~12% is less than the average peer group of ~14
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A quick summary: Bell Potter Buy $1.32 (steady) Outlook is...
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Last
$4.60 |
Change
0.030(0.66%) |
Mkt cap ! $391.3M |
Open | High | Low | Value | Volume |
$4.59 | $4.62 | $4.51 | $457.1K | 99.80K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 131 | $4.58 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.60 | 3549 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 131 | 4.580 |
1 | 131 | 4.570 |
2 | 131 | 4.560 |
1 | 131 | 4.550 |
2 | 1321 | 4.540 |
Price($) | Vol. | No. |
---|---|---|
4.600 | 3549 | 1 |
4.610 | 2000 | 1 |
4.620 | 3500 | 1 |
4.640 | 5131 | 2 |
4.650 | 135 | 1 |
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