Report
Chris Kallos, CFA
EUR 101.80 For Business Accounts Only

Mayne is an emerging pharmaceutical manufacturer with direct distribution into U.S. generics markets

We maintain our AUD 1.25 fair value estimate for no-moat Mayne Pharma given the recent update by management on the U.S. generic industry trading environment. This follows the unprecedented level of price deflation in second-half fiscal 2017, which resulted in the disappointing performance of the U.S. generic products division and prompted our move to very high fair value uncertainty.
Although acknowledging ongoing pressure, and reiterating soft first-half 2018 sales in the recent update, managem...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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Analysts
Chris Kallos, CFA

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