MGTX - MeiraGTx Holdings plc
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$25.00
DETAILS
HIGH:
$26.00
LOW:
$24.00
MEDIAN:
$25.00
CONSENSUS:
$25.00
UPSIDE:
170.56%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 81.4 | 33.3 | 14.0 | 15.9 | 37.7 | 15.6 | 13.3 | 0 | 0 | 0 |
| Cost of Revenue | 4.8 | 23.8 | 0 | 0 | 0 | 0 | 0 | 2.1 | 0.7 | 0.2 |
| Gross Profit | 76.5 | 9.5 | 14.0 | 15.9 | 37.7 | 15.6 | 13.3 | (2.1) | (0.7) | (0.2) |
| Operating Expenses | ||||||||||
| R&D Expenses | 129.6 | 119.5 | 103.8 | 85.7 | 66.7 | 33.9 | 24.9 | 33.6 | 22.4 | 14.0 |
| SG&A Expenses | 52.9 | 54.2 | 47.3 | 46.5 | 43.8 | 44.2 | 46.7 | 44.5 | 9.3 | 6.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | (0.6) | 0 |
| Operating Expenses | 182.5 | 173.7 | 151.1 | 132.3 | 110.5 | 78.1 | 71.6 | 78.1 | 31.7 | 20.1 |
| Operating Income | ||||||||||
| Operating Income | (106.0) | (164.2) | (137.1) | (116.4) | (72.8) | (62.6) | (58.3) | (78.1) | (31.7) | (20.1) |
| Interest Expense | 12.2 | 13.3 | 13.2 | 4.9 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Income | 1.8 | 4.1 | 2.3 | 0.8 | 0.2 | 1.3 | 0.4 | 0.1 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | (106.0) | (121.7) | (57.1) | (116.1) | (71.4) | (53.7) | (52.5) | (78.1) | (31.0) | (19.8) |
| EBIT | (106.0) | (134.5) | (70.8) | (124.7) | (79.3) | (57.9) | (54.7) | (78.1) | (31.7) | (20.1) |
| Income Before Tax | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (83.3) | (31.0) | (19.8) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) | 0 | 0 |
| Net Income | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (82.9) | (31.0) | (19.5) |
| Per Share Data | ||||||||||
| EPS (Basic) | -1.42 | -2.12 | -1.49 | -2.87 | -1.80 | -1.43 | -1.58 | -4.37 | -3.62 | -1.01 |
| EPS (Diluted) | -1.42 | -2.12 | -1.49 | -2.87 | -1.80 | -1.43 | -1.58 | -4.37 | -3.62 | -1.01 |
| Shares Outstanding | 80.4 | 69.8 | 56.5 | 45.2 | 44.1 | 37.7 | 33.2 | 18.9 | 8.6 | 19.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 65.9 | 103.7 | 129.6 | 115.5 | 137.7 | 209.5 | 227.2 | 68.1 | 8.5 | 17.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 3 | 10.6 | 23.4 | 29.0 | 35.0 | 55.4 | 37.1 | 0 | 0 | 0 |
| Inventory | 0 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 22.8 | 2.0 | 1.0 | 1.7 | 2.4 | 0.6 | 0.2 | 4.6 | 1.0 | 0.4 |
| Total Current Assets | 91.8 | 123.5 | 159.6 | 154.3 | 183.2 | 272.6 | 269.0 | 74.7 | 11.5 | 19.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 141.9 | 135.7 | 156.2 | 154.1 | 126.3 | 87.1 | 52.9 | 22.0 | 14.3 | 3.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0.6 | 0.8 | 1.1 | 2.1 | 2.6 | 3.0 | 0.8 | 0 | 0 | 0 |
| Long-Term Investments | 6.7 | 6.7 | 6.8 | 6.3 | 6.7 | 0 | 0.1 | 0.1 | 0.1 | 0.4 |
| Other Non-Current Assets | 3.4 | 3.0 | 3 | 1.4 | 1.4 | 1.0 | 1.1 | 0.1 | 0 | 0 |
| Total Non-Current Assets | 152.7 | 146.2 | 167.1 | 163.9 | 136.9 | 91.1 | 54.9 | 22.2 | 14.4 | 3.5 |
| Total Assets | 244.4 | 269.8 | 326.7 | 318.2 | 320.2 | 363.7 | 323.9 | 96.9 | 25.9 | 22.6 |
| Current Liabilities | ||||||||||
| Account Payables | 10.1 | 23.6 | 16.0 | 16.6 | 15.3 | 7.1 | 3.8 | 3.0 | 7.1 | 1.5 |
| Short-Term Debt | 27.5 | 0 | 0 | 0 | 0 | 2.6 | 1.7 | 0.0 | 1.4 | 0 |
| Deferred Revenue | 1.8 | 4.8 | 2.9 | 15.1 | 21.8 | 23.5 | 25.7 | 12.0 | 10.2 | (0.0) |
| Other Current Liabilities | 83.2 | 12.1 | 41.3 | 16.2 | 6.0 | 17.1 | 11.2 | 6.1 | 2.7 | 2.0 |
| Total Current Liabilities | 122.6 | 60.8 | 67.1 | 82.1 | 68.1 | 54.1 | 49.2 | 15.5 | 21.4 | 6.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 49.7 | 73.2 | 72.1 | 71.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0.2 | 0.2 | 0.2 | 0.2 | (0.2) | (0.3) | (0.6) |
| Other Non-Current Liabilities | 1.4 | 2.8 | 2.4 | 2.4 | 3.0 | 1.8 | 1.7 | 0.3 | 51.8 | 33.6 |
| Total Non-Current Liabilities | 127.7 | 141.1 | 121.5 | 118.4 | 66.6 | 71.0 | 83.9 | 0.3 | 51.8 | 33.6 |
| Total Liabilities | 250.2 | 201.9 | 188.6 | 200.5 | 134.8 | 125.1 | 133.1 | 15.8 | 73.2 | 39.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (816.2) | (702.0) | (554.2) | (470.2) | (340.6) | (261.0) | (203.0) | (148.3) | (65.4) | (34.4) |
| Accumulated Other Comprehensive Income | 2.4 | (3.7) | (1.4) | 6.0 | (2.7) | (4.9) | (1.8) | 0.3 | (2.0) | (0.7) |
| Total Stockholders' Equity | (5.8) | 67.8 | 138.2 | 117.7 | 185.4 | 238.6 | 190.8 | 81.1 | (47.4) | (17.1) |
| Total Liabilities & Equity | 244.4 | 269.8 | 326.7 | 318.2 | 320.2 | 363.7 | 323.9 | 96.9 | 25.9 | 22.6 |
| Debt Metrics | ||||||||||
| Total Debt | 88.7 | 84.8 | 89.3 | 92.2 | 23.7 | 22.2 | 23.2 | 0.0 | 1.5 | 0.0 |
| Net Debt | 22.8 | (18.9) | (40.3) | (23.3) | (114.0) | (187.3) | (204.1) | (68.0) | (7.0) | (17.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (82.9) | (31.0) | (19.8) |
| Depreciation & Amortization | 12.7 | 12.7 | 13.7 | 8.6 | 7.9 | 4.2 | 2.2 | 2.1 | 0.7 | 0.2 |
| Stock-Based Compensation | 22.1 | 25.2 | 27.7 | 28.6 | 20.8 | 18.4 | 15.9 | 17.9 | 3.0 | 2.8 |
| Change in Working Capital | 28.0 | 29.6 | (1.0) | 9.6 | 31.3 | (32.6) | 56.7 | (3.9) | 8.5 | 1.6 |
| Other Non-Cash Items | 5.0 | (24.2) | (61.8) | 9.7 | 9.1 | 4.1 | (0.1) | 8.4 | 2.0 | 1.1 |
| Operating Cash Flow | (46.4) | (104.5) | (105.4) | (73.1) | (10.5) | (64.0) | 20.0 | (58.9) | (18.1) | (14.4) |
| Investing Activities | ||||||||||
| Capital Expenditure | (3.8) | (5.0) | (20.2) | (45.0) | (55.2) | (37.0) | (9.0) | (11.3) | (10.5) | (2.6) |
| Acquisitions | 0 | 0 | 0 | 0 | (6.5) | 0 | (0.4) | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (0.3) | 28.4 | 54.2 | 0 | 0 | (2.1) | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (4.1) | 23.5 | 34.0 | (45.0) | (61.7) | (37.0) | (9.4) | (11.3) | (10.5) | (2.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (0.0) | 0 | 0 | 75 | (0.0) | (0.0) | (0.0) | (0.0) | 2.5 | (0.0) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (3.0) | (4.9) | (7.9) | (4.8) | 1.7 | (4.3) | (6.9) | 130.1 | 16.9 | 0 |
| Financing Cash Flow | 12.3 | 54.5 | 84.0 | 95.2 | 1.7 | 82.7 | 148.2 | 130.0 | 19.3 | 20.8 |
| Cash Position | ||||||||||
| Net Change in Cash | (37.5) | (25.0) | 15.1 | (22.2) | (71.8) | (17.8) | 159.2 | 59.5 | (9.2) | 3.4 |
| Cash at Beginning | 105.7 | 130.6 | 115.5 | 137.7 | 209.5 | 227.4 | 68.2 | 8.7 | 17.9 | 14.5 |
| Cash at End | 68.2 | 105.7 | 130.6 | 115.5 | 137.7 | 209.5 | 227.4 | 68.2 | 8.7 | 17.9 |
| Free Cash Flow | (50.2) | (109.5) | (125.5) | (118.1) | (65.7) | (101.0) | 11.1 | (70.1) | (28.6) | (17.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 81.4 | 33.3 | 14.0 | 15.9 | 37.7 | 15.6 | 13.3 | 0 | 0 | 0 |
| Gross Profit | 76.5 | 9.5 | 14.0 | 15.9 | 37.7 | 15.6 | 13.3 | (2.1) | (0.7) | (0.2) |
| Operating Income | (106.0) | (164.2) | (137.1) | (116.4) | (72.8) | (62.6) | (58.3) | (78.1) | (31.7) | (20.1) |
| Net Income | (114.2) | (147.8) | (84.0) | (129.6) | (79.6) | (58.0) | (54.7) | (82.9) | (31.0) | (19.5) |
| EPS (Diluted) | -1.42 | -2.12 | -1.49 | -2.87 | -1.80 | -1.43 | -1.58 | -4.37 | -3.62 | -1.01 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 65.9 | 103.7 | 129.6 | 115.5 | 137.7 | 209.5 | 227.2 | 68.1 | 8.5 | 17.5 |
| Total Assets | 244.4 | 269.8 | 326.7 | 318.2 | 320.2 | 363.7 | 323.9 | 96.9 | 25.9 | 22.6 |
| Total Debt | 88.7 | 84.8 | 89.3 | 92.2 | 23.7 | 22.2 | 23.2 | 0.0 | 1.5 | 0.0 |
| Stockholders' Equity | (5.8) | 67.8 | 138.2 | 117.7 | 185.4 | 238.6 | 190.8 | 81.1 | (47.4) | (17.1) |
| Cash Flow | ||||||||||
| Operating Cash Flow | (46.4) | (104.5) | (105.4) | (73.1) | (10.5) | (64.0) | 20.0 | (58.9) | (18.1) | (14.4) |
| Capital Expenditure | (3.8) | (5.0) | (20.2) | (45.0) | (55.2) | (37.0) | (9.0) | (11.3) | (10.5) | (2.6) |
| Free Cash Flow | (50.2) | (109.5) | (125.5) | (118.1) | (65.7) | (101.0) | 11.1 | (70.1) | (28.6) | (17.0) |