Report
Adam Fleck
EUR 100.00 For Business Accounts Only

Not Yet Time to Have a Blast. Our FVE for Mesoblast Maintained at AUD 2.35.

No-moat Mesoblast posted a half-year net loss after tax of USD 44.1 million, compared with a profit of USD 6.7 million in the previous corresponding period, or pcp. The results were slightly above consensus estimates, with a range of key developments driving the weak performance. However, we don’t consider any of these material enough, at this stage, to alter our assessment of the company’s development pipeline. We subsequently maintain our fair value estimate at AUD 2.35 per share. Currently, t...
Underlying
Mesoblast Ltd.

Mesoblast is engaged in the development of regenerative medicine products. Co. has leveraged its proprietary technology platform, based on specialized cells known as mesenchymal lineage adult stem cells ("MLCs"), to establish a portfolio of late-stage product candidates. Co.'s allogeneic, "off the shelf" product candidates target advanced stages of diseases with high, unmet medical needs including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncology and hematologic conditions. Each MLC-derived product candidate has technical characteristics, target indications, reimbursement strategy, commercialization potential, and partnering opportunities.

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.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Adam Fleck

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