MAYNE PHARMA GROUP LIMITED (MYX)



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General Information
Company Name: Mayne Pharma Group Limited
Stock Code: MYX
Website: www.maynepharma.com
GICS Sub-Industry: Pharmaceuticals
Market Cap ($M): 242
Equiv. Shares (M): 563

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.430 $ 0.430 $ 0.430 $ 0.430 $ 0.427 502,952 $ 0.003  0.703 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 16th May 2013
12 Month Target Price (average): $0.48
Brokers Surveyed: 1

Company Overview

Business Description:
Mayne Pharma Group Limited (MYX) is a pharmaceutical company that develops and manufactures branded and generic products, which it distributes directly or through distribution partners in Australia, USA, Europe and Asia. MYX also provides contract development and manufacturing services.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  F 9.1 5.9 47.5 7.3 -- 0.0 --
2013  F 6.1 4.0 90.5 10.9 -- 0.0 --
2012  A 4.2 2.1 50.0 13.4 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Acrux Limited (ACR) $593 M -0.8713 0.9685 0.7483 80.1802 40.7323 23.2984 0.0225 0.0211 0.0491
Mayne Pharma Group (MYX) $240 M 0.5401 0.8720 0.4962 20.2370 10.8101 7.2250 0.0000 0.0000 0.0000
Pharmaxis (PXS) $48 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MYX 0.33 11.0 2.75 0.16 1.62
Market 0.94 12.5 0.82 1.96 2.44
Sector 1.28 15.2 2.36 0.58 7.16

Directors
Name Position Start Date
Mr Scott Richards Chief Executive Officer,Managing Director 13 February 2012
Mr Roger Campbell Corbett Non-Executive Chairman 17 November 2010
Mr Bruce L Mathieson Non-Executive Director 16 February 2007
Mr Ian Frank Scholes Non-Executive Director 17 October 2007
Hon Ron Best Non-Executive Director 26 July 2006
William Phillips Non-Executive Director 15 November 2012

Management
Name Position
Mark Cansdale Chief Financial Officer,Company Secretary
Vince Caretti General Manager, Operations
Peter Truelove National Sales & Marketing Director

Substantial Shareholders
Holding Name
13,411,622 (8.81%) B L Mathieson
7,644,395 (5.02%) Australian Leaders Fund Limited
9,488,557 (6.24%) TIGA Trading Pty Ltd
9,071,000 (5.96%) Dr R Aston and related entities

Calendar of Events
Date Event
26 February 2014 Report (Interim)
20 September 2013 Report (Annual)
20 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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