HIK.L - Hikma Pharmaceuticals PLC

LSE - LSE Delayed Price. Currency in GBp
1,910.00
+84.50 (+4.63%)
At close: 4:35PM GMT
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Previous Close1,825.50
Open1,801.00
Bid1,907.00 x 0
Ask1,908.50 x 0
Day's Range1,790.00 - 1,930.00
52 Week Range1,540.00 - 2,212.00
Volume928,520
Avg. Volume320,744
Market Cap4.628B
Beta (5Y Monthly)0.20
PE Ratio (TTM)12.84
EPS (TTM)148.80
Earnings DateFeb 27, 2020
Forward Dividend & Yield0.28 (1.53%)
Ex-Dividend DateMar 19, 2020
1y Target Est23.92
  • Thomson Reuters StreetEvents

    Edited Transcript of HIK.L earnings conference call or presentation 27-Feb-20 9:30am GMT

    Full Year 2019 Hikma Pharmaceuticals PLC Earnings Call

  • Airlines slump in London as FTSE 100 slammed by coronavirus fears
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  • PR Newswire

    Hikma and Glenmark Pharmaceuticals Enter into Exclusive Licensing Agreement for Commercialising Ryaltris™ Seasonal Allergic Rhinitis Nasal Spray in the US

    Hikma Pharmaceuticals PLC (Hikma, Group), the multinational generic pharmaceutical company, and Glenmark Specialty S.A., a Swiss subsidiary of Glenmark Pharmaceuticals, a global innovative pharmaceutical company, today announce the signing of an exclusive US license agreement to commercialise Ryaltris™ (olopatadine hydrochloride and mometasone furoate nasal spray), an investigational fixed-dose combination nasal spray for the treatment of seasonal allergic rhinitis (SAR).

  • Risks Remain, but Amarin Stock Is a Buy at Today’s Prices
    InvestorPlace

    Risks Remain, but Amarin Stock Is a Buy at Today’s Prices

    Is there more upside in the cards for Amarin (NASDAQ:AMRN) stock? Shares soared late last year on news of the company's flagship Vascepa treatment receiving an expanded label. But after climbing from around the $15 price level to as high as $26.12/share, interest cooled.Source: Pavel Kapysh / Shutterstock.com When I last wrote about Amarin stock in mid-January, shares traded just under $20/share. Since then, the stock has tread water with shares closing at $18.18 on Feb. 12.One can argue that Vascepa's potential is already priced into shares. But, with similar treatments from competitors facing headwinds, Amarin stock could move higher as analysts anticipate even greater potential sales. On the other hand, nothing's for certain in the biotech game.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Exciting Stocks to Buy for Aggressive Investors Things could turn on a dime, pushing Amarin shares back down to prior levels. Yet upside may outweigh risks for Amarin stock. Let's dive in and find out why. Amarin Stock Could Move Higher as Competitors FlounderIn my last Amarin stock article, I discussed how Vascepa's upside potential could be thwarted by competition. AstraZeneca's (NYSE:AZN) Epanova and Acasti Pharma's (NASDAQ:ACST) CaPre face headwinds. Both yielded disappointing Phase 3 results. AstraZeneca is now throwing in the towel on Epanova. Acasti is investigating why, as InvestorPlace's Josh Enomoto reported, CaPre was no more effective than a placebo.With these competitors floundering, things look brighter for Vascepa. In other words, there's good reason why Amarin stock could head higher. Yet in the past month, shares haven't budged due to the news. Some investors remain skeptical of Vascepa's prospects. What's driving this negative sentiment? Competitive risk from generics.Two major generic drug-makers, Dr. Reddy's (NYSE:RDY) and Hikma (OTCMKTS:HKMPF) have generics in their pipeline similar to Vascepa. As I wrote in my prior Amarin stock analysis, both generic makers challenged Vascepa's patent. The uncertainty of this litigation is largely what's keeping Amarin shares from heading higher.Jeffries' Michael Yee is confident in Amarin's chances of winning the case. Proceedings in the case have ended, with a written ruling due by March 31. The analyst believes, based on the evidence presented, the court will rule in Amarin's favor. Yee gives shares a "buy" rating with a $30 price target.With these new developments, it seems Vascepa has a clearer shot of becoming a blockbuster drug. However, buying Amarin stock today is no slam-dunk. Multi-billion dollar sales figures are years away. Based on Amarin's guidance, the company should generate between $650 million-$700 million in revenue this year. That's a big jump from 2019's $425 million in sales. But a far cry from Stifel's estimated $3 billion in peak annual sales. What's Amarin Worth to An Acquirer?Annual sales have a long way to go before hitting the estimated peaks. That's not to say Amarin stock isn't worth more than its current trading price. Despite selling for around 9.4 times estimated 2020 sales, I reiterate Amarin remains a takeover target.Amarin stock is no stranger to takeover talk. Major pharma names find it easier to "buy" new drugs instead of spending billions more on R&D. So far, Amarin has decided to "go it alone." But, I don't see Amarin's board saying no if the price is right.So, what's a fair takeover price for Amarin? Let's assume Vascepa does hit $3 billion in peak sales. Major pharma names like GlaxoSmithKline (NYSE:GSK) and Novartis (NYSE:NVS) have gross margins between 68% and 71%. That implies peak gross profits for Vascepa of around $2 billion.With fixed overhead costs, a major pharma name could add much of this gross profit to the EBITDA line. GSK and NVS have EBITDA margins around 30%, implying fixed costs around 35%-40% of sales. Let's estimate Vascepa's overhead costs are just 30% of sales. That means estimated EBITDA of around $1.14 billion.GSK stock has an EBITDA multiple of 10.3. Novartis has an EBITDA multiple of 15.4. Other names, like Sanofi (NASDAQ:SNY) and Pfizer (NYSE:PFE) have EBITDA multiples around 12. Let's say an acquirer paid $30/share for Amarin stock. Subtracting around $600 million in net cash, that means around a $10.2 billion purchase price for Amarin. In other words, an EBITDA multiple of around nine.Even at a 65% premium to the current Amarin stock price, the company could be an accretive acquisition. Keep in mind this is all back-of-the-envelope. It remains to be seen whether Vascepa lives up to expectations. Bottom Line: Upside Potential Remains, RisksRecent developments could mean more upside for Amarin stock. But keep risks in mind. Amarin next releases quarterly results later this month. If earnings and/or guidance falls short of expectations, shares could move to prior price levels (or lower).Also, the courts could rule against Amarin's favor in the patent suit. Yet, with material upside potential, Amarin stock could be worth the risk.Thomas Niel, contributor to InvestorPlace, has been writing single-stock analysis for web-based publications since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Risks Remain, but Amarin Stock Is a Buy at Today's Prices appeared first on InvestorPlace.

  • PR Newswire

    Hikma and Arecor announce exclusive agreement to develop and commercialise ready-to-use medicine using Arestat™ technology

    Hikma Pharmaceuticals PLC (Hikma, Group / LSE: HIK / NASDAQ Dubai: HIK / OTC: HKMPY) (rated Ba1/stable Moody's and BB+/positive S&P;), the multinational generic pharmaceutical company, and Arecor Ltd, the biopharmaceutical company advancing today's therapies to enable healthier lives, today announce they have entered into an exclusive agreement to co-develop a new, ready-to-use injectable medicine in the US through Hikma's affiliate, Hikma Pharmaceuticals USA Inc.

  • GlobeNewswire

    Arecor and Hikma Announce Exclusive Agreement to Develop and Commercialise Ready-To-Use Medicine Using Arestat™ Technology

    Hikma Pharmaceuticals PLC (Hikma, Group / LSE: HIK / NASDAQ Dubai: HIK / OTC: HKMPY) (rated Ba1/stable Moody's and BB+/positive S&P), the multinational generic pharmaceutical company, and Arecor Ltd, the biopharmaceutical company advancing today's therapies to enable healthier lives, today announce they have entered into an exclusive agreement to co-develop a new, ready-to-use injectable medicine in the US through Hikma's affiliate, Hikma Pharmaceuticals USA Inc.

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    MarketWatch

    British stocks slump on Middle East worries, though oil majors and defense giant limit the fall

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  • Hikma Pharmaceuticals PLC's (LON:HIK) 1.4% Dividend Yield Looks Pretty Interesting
    Simply Wall St.

    Hikma Pharmaceuticals PLC's (LON:HIK) 1.4% Dividend Yield Looks Pretty Interesting

    Dividend paying stocks like Hikma Pharmaceuticals PLC (LON:HIK) tend to be popular with investors, and for good reason...

  • Moody's

    Hikma Pharmaceuticals PLC -- Moody's affirms Hikma's Ba1 ratings; outlook stable

    Moody's Investors Service ("Moody's") has affirmed all the ratings of London-listed generic drug company Hikma Pharmaceuticals PLC ("Hikma"), comprising the Ba1 corporate family rating (CFR), the Ba1-PD probability of default rating (PDR) and Ba1 instrument rating on its existing senior unsecured bond. The affirmation of the Ba1 CFR is supported by the company's recent good performance against price pressures, in particular in the US, its good product pipeline of over 300 products across business segments and geographies, and strong credit metrics as a result of a conservative balance sheet structure. Since 2017, Hikma's sales volumes have been driven by some product differentiation and also benefitted from certain drug shortages in the US market (the region represents 66% of Hikma's revenue), as well as capacity expansion.

  • PR Newswire

    Hikma Ventures leads Series A financing for development of Winterlight Labs' AI vocal technology to detect central nervous system disorders and track efficacy of treatments

    LONDON, Nov. 18, 2019 /PRNewswire/ -- Hikma Pharmaceuticals PLC (HIK.L) (NASDAQ Dubai: HIK) (HKMPY), (rated Ba1 Moody's / BB+ S&P, both stable) announces that its venture capital arm, Hikma Ventures has led a CAD 5.6 million oversubscribed round of financing for Winterlight Labs Inc. with participation from First Star Ventures, Pacific Health Ventures, existing investor Grey Sky Venture Partners and other investors. Toronto-based Winterlight Labs Inc. is developing a proprietary Artificial Intelligence (AI) technology that melds computational linguistics, cognitive neuroscience, and machine learning to help healthcare professionals assess and analyse patients' cognitive health – including memory, thinking and reasoning – from vocal markers captured in short snippets of speech on a tablet computer.

  • Estimating The Intrinsic Value Of Hikma Pharmaceuticals PLC (LON:HIK)
    Simply Wall St.

    Estimating The Intrinsic Value Of Hikma Pharmaceuticals PLC (LON:HIK)

    Does the November share price for Hikma Pharmaceuticals PLC (LON:HIK) reflect what it's really worth? Today, we will...

  • Hikma Pharmaceuticals (LON:HIK) Has A Rock Solid Balance Sheet
    Simply Wall St.

    Hikma Pharmaceuticals (LON:HIK) Has A Rock Solid Balance Sheet

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Moody's

    Hikma Pharmaceuticals PLC -- Moody's announces completion of a periodic review of ratings of Hikma Pharmaceuticals PLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hikma Pharmaceuticals PLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • PR Newswire

    Hikma launches prefilled syringes in the US

    Heparin Sodium Injection in a ready-to-use syringe is the first product using Hikma's new injectable manufacturing capability LONDON , Sept. 17, 2019 /PRNewswire/ -- Hikma Pharmaceuticals PLC (Hikma, Group) ...

  • Can Hikma Pharmaceuticals PLC's (LON:HIK) ROE Continue To Surpass The Industry Average?
    Simply Wall St.

    Can Hikma Pharmaceuticals PLC's (LON:HIK) ROE Continue To Surpass The Industry Average?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Should You Buy Hikma Pharmaceuticals PLC (LON:HIK) For Its Upcoming Dividend In 2 Days?
    Simply Wall St.

    Should You Buy Hikma Pharmaceuticals PLC (LON:HIK) For Its Upcoming Dividend In 2 Days?

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • Thomson Reuters StreetEvents

    Edited Transcript of HIK.L earnings conference call or presentation 9-Aug-19 8:30am GMT

    Half Year 2019 Hikma Pharmaceuticals PLC Earnings Call

  • Hikma Pharmaceuticals PLC (LON:HIK): Are Analysts’ Forecast Signalling Trouble Ahead?
    Simply Wall St.

    Hikma Pharmaceuticals PLC (LON:HIK): Are Analysts’ Forecast Signalling Trouble Ahead?

    After Hikma Pharmaceuticals PLC's (LON:HIK) earnings announcement on 30 June 2019, analyst consensus outlook appear...

  • Hikma and Civica Rx sign long-term agreement to reduce generic drug shortages in the US
    PR Newswire

    Hikma and Civica Rx sign long-term agreement to reduce generic drug shortages in the US

    LONDON and SALT LAKE CITY, July 23, 2019 /PRNewswire/ -- Hikma Pharmaceuticals PLC (Hikma, Group) (HIK.L) (NASDAQ Dubai: HIK) (HKMPY) (rated Ba1 Moody's / BB+ S&P, both stable), the multinational generic pharmaceutical company and Civica Rx (Civica, Inc.) today announce a five-year agreement to manufacture and supply Civica's growing membership of US health systems with medications that are often in short supply in US hospitals. Under the agreement, Hikma will produce 14 essential sterile injectable medications for Civica as a private label distributor, using Hikma's Abbreviated New Drug Applications (ANDAs) and Civica's labeling and National Drug Code (NDC).

  • If You Had Bought Hikma Pharmaceuticals (LON:HIK) Stock Three Years Ago, You'd Be Sitting On A 30% Loss, Today
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    If You Had Bought Hikma Pharmaceuticals (LON:HIK) Stock Three Years Ago, You'd Be Sitting On A 30% Loss, Today

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  • A Spotlight On Hikma Pharmaceuticals PLC's (LON:HIK) Fundamentals
    Simply Wall St.

    A Spotlight On Hikma Pharmaceuticals PLC's (LON:HIK) Fundamentals

    Attractive stocks have exceptional fundamentals. In the case of Hikma Pharmaceuticals PLC (LON:HIK), there's is a...

  • What Kind Of Shareholders Own Hikma Pharmaceuticals PLC (LON:HIK)?
    Simply Wall St.

    What Kind Of Shareholders Own Hikma Pharmaceuticals PLC (LON:HIK)?

    Every investor in Hikma Pharmaceuticals PLC (LON:HIK) should be aware of the most powerful shareholder groups...

  • PR Newswire

    Hikma Ventures participates in $11 million funding round for Pillo Health

    LONDON, May 30, 2019 /PRNewswire/ -- Hikma Pharmaceuticals PLC (Hikma) (HIK.L) (NASDAQ Dubai: HIK) (HKMPY), (rated Ba1 Moody's / BB+ S&P, both stable) today announced its venture capital arm Hikma Ventures has participated in an $11 million financing round for Boston-based Pillo Health. The Series A round, led by Stanley Black & Decker's corporate venture capital arm with participation from Samsung Ventures and existing investors BioAdvance, Hackensack Meridian Health System's Innovation Center Fund and Civilization Ventures, will be used to drive growth and innovation as Pillo Health builds out its voice-enabled medication and care management platform for home use. "Our investment in Pillo Health underscores our deep commitment to developing innovative healthcare technology solutions that will put better health within reach for more patients around the world," said Lana Ghanem, Managing Director Hikma Ventures.