0IMT Stock Financial Analysis - Photocure ASA (LSE) Stock

Overview

Photocure ASA, headquartered in Oslo, Norway, operates within the healthcare sector, specifically focusing on photodynamic technologies linked to cancer diagnostics and treatment. A notable leader in bladder cancer diagnostics, Photocure excels in the development and commercialization of products that enhance detection and management of cancer utilizing its proprietary Photocure Technology. Key products include Hexvix/Cysview, a diagnostic agent used in the detection of bladder cancer that significantly improves the accuracy of blue light cystoscopy. As of my last update, the company is actively leveraging its innovations in clinical practice to penetrate global markets, especially the U.S., underscoring its commitment to enhancing patient outcomes through superior, image-guided procedures.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Photocure ASA as of 30 June 2025 is 522.86 MM.
The operating income for Photocure ASA as of 30 June 2025 is 0.88 MM.
The net income for Photocure ASA as of 30 June 2025 is -5.33 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	522.86	0.88	-5.33
2025-03-31	532.69	14.08	2.14
2024-12-31	525.39	20.40	-3.34
2024-09-30	526.25	41.70	14.16
2024-06-30	513.58	40.03	12.84
2024-03-31	512.45	36.21	4.82
2023-12-31	500.66	27.81	0.98
2023-09-30	462.30	-17.77	-33.69
2023-06-30	461.53	-15.36	-38.84
2023-03-31	417.77	-36.78	-61.60
2022-12-31	393.13	-49.00	-71.86
2022-09-30	383.47	-37.41	-78.52
2022-06-30	364.09	-42.31	-75.89
2022-03-31	353.97	-37.97	-68.05
2021-12-31	360.54	-5.83	-30.90
2021-09-30	363.91	13.14	7.48
2021-06-30	326.45	10.26	8.60
2021-03-31	289.68	-2.32	10.47
2020-12-31	256.48	-23.20	-22.40
2020-09-30	274.15	20.34	9.91
2020-06-30
2020-03-31

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31	-0.18	-0.18
2024-09-30	0.52	0.53
2024-06-30	0.47	0.47
2024-03-31	0.18	0.18
2023-12-31	0.04	0.04
2023-09-30	-1.24	-1.24
2023-06-30	-1.43	-1.43
2023-03-31	-2.27	-2.27
2022-12-31	-2.66	-2.66
2022-09-30	-2.93	-2.93
2022-06-30	-2.82	-2.82
2022-03-31	-2.53	-2.53
2021-12-31	-1.15	-1.15
2021-09-30	0.31	0.31
2021-06-30	0.32	0.32
2021-03-31	0.41	0.41
2020-12-31	-0.91	-0.91
2020-09-30	0.38	0.38
2020-06-30	0.70	0.70
2020-03-31	0.87	0.87

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Photocure ASA as of 30 June 2025 is 46.07 MM.
The cash from investing activities for Photocure ASA as of 30 June 2025 is 2.08 MM.
The cash from financing activities for Photocure ASA as of 30 June 2025 is -76.03 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	46.07	2.08	-76.03
2025-03-31	72.44	1.92	-73.08
2024-12-31	76.75	1.42	-43.82
2024-09-30	82.07	4.30	-50.38
2024-06-30	56.21	-0.65	-47.52
2024-03-31	65.81	-0.99	-52.59
2023-12-31	48.31	-0.59	-56.28
2023-09-30	29.39	-1.03	-57.17
2023-06-30	42.06	1.20	-57.37
2023-03-31	10.97	-1.41	-49.00
2022-12-31	-2.02	-1.46	-51.34
2022-09-30	3.57	-2.13	-47.71
2022-06-30	-12.27	-4.37	-50.47
2022-03-31	3.69	-1.05	-46.55
2021-12-31	23.89	-1.90	-33.98
2021-09-30	28.66	-1.77	-18.59
2021-06-30	13.24	-165.65	-6.85
2021-03-31	10.68	-166.17	357.30
2020-12-31	15.58	-166.21	360.19
2020-09-30	34.94	-166.51	357.51
2020-06-30
2020-03-31

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Photocure ASA as of 30 June 2025 is 749.09.
The p/book for Photocure ASA as of 30 June 2025 is 3.39.
The p/tbv for Photocure ASA as of 30 June 2025 is 7.25.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	749.09	3.39	7.25
2025-03-31	-335.00	3.22	6.58
2024-12-31	115.01	3.26	6.71
2024-09-30	126.84	3.26	6.81
2024-06-30	337.84	3.37	7.42
2024-03-31	6,101.32	3.38	7.54
2023-12-31	-48.35	3.47	8.09
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30	188.03	3.08	7.14
2021-03-31	153.83	3.04	7.12
2020-12-31	-71.63	3.16	8.02
2020-09-30	161.41	3.25	4.98
2020-06-30	103.40	3.22	3.26
2020-03-31	68.78	6.28	6.56

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Photocure ASA as of 30 June 2025 is 0.00.
The ebit (3y)/ev for Photocure ASA as of 30 June 2025 is -0.00.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.00	-0.00
2025-03-31	0.01	-0.01
2024-12-31	0.02	-0.01
2024-09-30	0.01	-0.02
2024-06-30	0.01	-0.03
2024-03-31	0.01	-0.02
2023-12-31	-0.03	-0.03
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30	-0.00	0.00
2021-03-31	-0.01	0.00
2020-12-31	-0.02	-0.01
2020-09-30	0.02	-0.01
2020-06-30	0.03	-0.01
2020-03-31	0.04	-0.01

Management Effectiveness

The roa for Photocure ASA as of 30 June 2025 is 0.00.
The roe for Photocure ASA as of 30 June 2025 is -0.01.
The roic for Photocure ASA as of 30 June 2025 is 0.00.
The croic for Photocure ASA as of 30 June 2025 is 0.00.
The ocroic for Photocure ASA as of 30 June 2025 is 0.15.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.00	-0.01	0.00	0.00	0.15
2025-03-31	-0.01	-0.01	-0.01	0.07	0.15
2024-12-31	0.02	-0.01	0.03	0.07	0.16
2024-09-30	0.02	0.03	0.02	0.02	0.11
2024-06-30	0.01	0.01	0.01	0.02	0.12
2024-03-31	0.00	0.00	0.00	-0.02	0.10
2023-12-31	-0.05	-0.07	-0.07	-0.06	0.06
2023-09-30	-0.05	-0.08	-0.08	-0.03	0.09
2023-06-30	-0.08	-0.08	-0.08	-0.03	0.08
2023-03-31	-0.10	-0.13	-0.12	-0.08	0.02
2022-12-31	-0.10	-0.15	-0.15	-0.09	0.01
2022-09-30	-0.10	-0.15	-0.15	-0.09	0.01
2022-06-30	-0.09	-0.14	-0.14	-0.12	-0.02
2022-03-31	-0.04	-0.13	-0.13	-0.08	0.01
2021-12-31	0.01	-0.06	-0.05	-0.02	0.05
2021-09-30	0.01	0.02	0.01	0.01	0.00
2021-06-30	0.01	0.02	0.02	-0.28	0.00
2021-03-31	0.04	0.05	0.02	0.35	0.01
2020-12-31	-0.09	-0.11	-0.04	0.36	0.03
2020-09-30	0.05	0.06	0.02	0.41	0.06
2020-06-30	0.07	0.09	0.03	0.75	0.10
2020-03-31	0.08	0.11	0.09	0.17	0.18

Gross Margins

The gross margin for Photocure ASA as of 30 June 2025 is 0.94.
The net margin for Photocure ASA as of 30 June 2025 is 0.00.
The operating margin for Photocure ASA as of 30 June 2025 is 0.03.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.94	0.00	0.03
2025-03-31	0.94	-0.01	0.04
2024-12-31	0.94	0.03	0.08
2024-09-30	0.95	0.03	0.08
2024-06-30	0.95	0.01	0.07
2024-03-31	0.95	0.00	0.06
2023-12-31	0.94	-0.07	-0.04
2023-09-30	0.95	-0.08	-0.03
2023-06-30	0.94	-0.08	-0.03
2023-03-31	0.94	-0.15	-0.09
2022-12-31	0.94	-0.20	-0.10
2022-09-30	0.93	-0.20	-0.10
2022-06-30	0.93	-0.21	-0.12
2022-03-31	0.93	-0.19	-0.11
2021-12-31	0.94	-0.09	-0.02
2021-09-30	0.93	0.02	0.04
2021-06-30	0.93	0.03	0.03
2021-03-31	0.94	0.04	-0.01
2020-12-31	0.93	-0.09	-0.09
2020-09-30	0.93	0.04	0.07
2020-06-30	0.93	0.05	0.12
2020-03-31	0.92	0.07	0.13

NO:PHO
GB:PHOO
US:PHCUF
DE:PHS	€5.15