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Telix Pharmaceuticals Limited (TLX)

NEUTRAL
HealthcareBiotechnologyAustralia

Fundamental

31

Price

$11.69

Market Cap

$3.96B

Part 1 · What the company is worth

Overview

Telix Pharmaceuticals Limited, a commercial-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic and diagnostic radiopharmaceuticals. The company operates through three segments: Precision Medicine, Therapeutics, and Manufacturing Solutions. Its lead therapeutic product candidate is TLX591, a lutetium-labeled radio antibody-drug conjugate (rADC), which is in a Phase 3 clinical trial in patients with advanced prostate cancer. The company develops TLX250, an rADC for treating advanced metastatic kidney cancer; TLX101, a systemic therapy for the treatment of glioblastoma; TLX66, a product candidate for bone marrow conditioning for hematopoietic stem cell transplant conditioning; and Illuccix and Gozellix for the treatment of prostate cancer. The company is also developing TLX592, a prostate cancer therapy candidate for targeted alpha therapy based on its proprietary RADmAb-engineered antibody technology; TLX252 for the treatment of patients with advanced metastatic kidney cancer; TLX400, a bladder fibroblast activation protein for treating various tumors; TLX102, a large amino acid transporter-targeting small molecule-based alpha therapy candidate for the treatment of glioblastoma and multiple myeloma; TLX300 for treating soft tissue sarcoma; and TLX090, a bone-seeking agent for bone metastases and pain palliation. In addition, it is developing BiPASS, which is in Phase 3 clinical trial for prostate cancer diagnosis; AlFluor, a novel PET radiochemistry solution; TLX250-Px, a PET diagnostic imaging agent; and TLX101-Px, a radiolabeled amino acid PET agent. It operates in Australia, Belgium, Canada, the United Kingdom, the United States, and internationally. The company has strategic collaboration with University Hospital Essen. The company was founded in 2015 and is headquartered in North Melbourne, Australia.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$1.20B

Fiscal year ended 12/31/2025

Net Income

$-10M

Fiscal year ended 12/31/2025

Free Cash Flow

$-63M

Total Equity

$415M

Total Liabilities

$580M

Current Ratio

2.01

Interest Coverage

-

Debt/EBITDA

8.31

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseOvervalued

Fair Value

$9.09

Current Price

$11.69

Margin of Safety

-28.6%

Fair Value Range

$5.91 - $12.28

Estimation Methods

Analyst price target:$21.17
Discounted cash flow (DCF):$1.85
Earnings multiple (P/E):$2.73
Graham growth formula:$1.63
Earnings power value (EPV):Not enough data to compute it
Justified P/B:Not enough data to compute it
Dividend discount (Gordon):Not enough data to compute it
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:Not enough data to compute it

Valuation Metrics

P/E Ratio

117.00

ROE

7.4%

P/B Ratio

9.54

P/FCF

-

Gross Margin

47.6%

ROIC

6.9%

Profitability Radar

Value Creation (Economic Moat)

ROIC

6.9%

WACC

8.7%

ROIC − WACC

-1.9 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (4)

  • ROIC 6.9%
  • Gross Margin 47.6%
  • Debt/Equity ratio
  • Current Ratio

Failed (7)

  • Price CAGR -14.24%
  • P/B Ratio 9.54
  • Positive Free Cash Flow
  • Debt/EBITDA
  • DCF valuation (Unknown)
  • Net Margin Trend -0.8% vs 6.4%
  • Piotroski F-Score 0/9

Unavailable (16)

  • EPS data insufficient
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE (Finnhub)
  • Revenue Growth 5Y (Finnhub)
  • Analyst Consensus (Finnhub)
  • Earnings Surprise (Finnhub)
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)
  • Share Dilution (missing shares data)

Piotroski F-Score

0/9

Serious financial concerns

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

-

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Dr. Christian P. Behrenbruch BEng(Hons), DPhil(Oxon), GAICD, J.D., M.B.A., Ph.DCo-Founder, MD, Group CEO & Executive Director49
Mr. Darren Smith B.Bus., FCPA, M.B.A.Group Chief Financial Officer60
Mr. Darren Patti Pharm.D.Group Chief Operating Officer52
Dr. David N. Cade M.B.A., M.D., MBBSGroup Chief Medical Officer55
Dr. Paul SchafferSVP of Research & Development-
Mr. Craig UlrickChief Information Officer-
Ms. Kyahn Williamson B.A.Senior Vice President of Corporate Communications & Investor Relations-
Mr. Christian Krautkramer J.D.Group General Counsel-
Thomas FrommVice President of Sales-
Ms. Meredith Crowe BDESSenior Vice President of Global People & Culture-

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for TLX, sourced from Markets Gazette.

  • 4/14/2026NEGATIVE
    Telix Pharma Upsizes Convertible Bond Deal to $600 Million

    Telix Pharmaceuticals Ltd. successfully upsized its convertible bond offering to $600 million, exceeding initial expectations and marking Australia's largest such deal this year. Despite the strong demand for the debt issuance, indicating investor confidence in the company's future prospects, Telix's shares experienced a decline. This suggests a potential short-term market reaction to the dilutionary nature of convertible bonds or profit-taking following the announcement.

  • 2/26/2026POSITIVE
    1 Basically Unknown Stock That Could Turn Cancer‑Imaging Breakthroughs Into Generational Wealth

    Telix Pharmaceuticals, a company specializing in radiopharmaceuticals for cancer diagnosis and treatment, is drawing attention as a potential high-growth investment. Analysts suggest its innovative approach to cancer imaging breakthroughs could unlock significant long-term value for investors. The firm's focus on advanced medical solutions positions it favorably within the burgeoning healthcare sector, promising substantial returns for those looking to capitalize on cutting-edge pharmaceutical developments. This outlook highlights Telix as a compelling opportunity for generational wealth creation through medical innovation.

via Markets Gazette