Sirtex Stabilized, but Without Clear Catalysts, Upside Potential is Limited: Maintaining FVE
We reiterate our AUD 15 per share fair value estimate for no-moat Sirtex. The full-year result was in line with recent guidance on a constant-currency basis. Excluding almost AUD 98 million in write-downs and restructuring costs, underlying net profit after tax was AUD 42 million. This was below our forecast of AUD 51 million, with the difference attributed to various additional expenses recognised after the strategic review following unfavourable survival data for SIR-Spheres.Notwithstanding c...
Sirtex Medical is a global life-sciences company based in Australia. Co. is engaged in developing and delivering effective oncology treatments using novel small particle technology. Co.'s main product is a targeted radioactive treatment for liver cancer called SIR-Spheres® Y-90 resin microspheres. SIR-Spheres Y-90 resin microspheres are a medical device used in interventional oncology and delivered to the liver via Selective Internal Radiation Therapy.
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.
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