POLYNOVO LIMITED (PNV)
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PNV - POLYNOVO LIMITED

FNArena Sector : Pharmaceuticals & Biotech/Lifesciences
Year End: June
GICS Industry Group : Pharmaceuticals, Biotechnology & Life Sciences
Debt/EBITDA: 3.94
Index: ASX200 | ASX300 | ALL-ORDS

PolyNovo is an Australian medical devices company developing and commercialising its NovoSorb technology for the treatment of burns, wounds and negative pressure wound therapy. It has been a listed company since 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.06

23 Dec
2024

0.110

OPEN

$1.96

5.64%

HIGH

$2.11

1,863,610

LOW

$1.94

TARGET
$2.90 40.8% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
PNV: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 0.8 1.4 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A 88.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 145.1 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx0.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx103.2 M
Book Value Per Share xxxxxxxxxxxxxxx10.4
Net Operating Cash Flow xxxxxxxxxxxxxxx5.1 M
Net Profit Margin xxxxxxxxxxxxxxx5.10 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.65 %
Return on Invested Capital xxxxxxxxxxxxxxx6.40 %
Return on Assets xxxxxxxxxxxxxxx5.21 %
Return on Equity xxxxxxxxxxxxxxx7.65 %
Return on Total Capital xxxxxxxxxxxxxxx1.38 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx13 M
Total Debt xxxxxxxxxxxxxxx15 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx23.45

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx2.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx67 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx35 M
Research & Development xxxxxxxxxxxxxxx11 M
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

27/08/2024

1

Upgrade to Buy from Hold

$3.00

45.63%

As was expected by Bell Potter, PolyNovo made a maiden profit in FY24 of $5.2m, which included a $3.5m tax benefit. Earnings of $3m missed the consensus forecast for $6.4m.

Revenue for the period jumped by 54% driven by expanded market share in the US, explains the broker, aided by the ongoing absence of the key competitor, Integra, in the market for dermal matrix products.

Bell Potter raises its target for PolyNovo to $3.00 from $2.52 and the rating is upgraded to Buy from Hold.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.70 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.90 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

28/08/2024

1

Overweight

$3.00

45.63%

PolyNovo's FY24 revenue of $103.3m (excluding interest income) was a 58% increase on the previous corresponding period, beating Wilsons' forecast by just 1%.

The broker highlights US sales were "notably strong" and business development efforts added 197 US hospital accounts.

Rest of the World (ROW) sales beat the analyst's forecast by 5% helped by a more than doubling of sales in the EMEA division.

Overweight rating. The target rises to $3.00 from $2.65.

FORECAST
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.60 cents.
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.70 cents.
Access Extra Coverage Research History >

PNV STOCK CHART

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