Immutep Ltd (AU:IMM)
ASX:IMM
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Immutep Ltd
(Sydney:IMM)
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Rating:40Underperform
Price Target:
AU$0.05
▼(-4.00% Downside)
Action:DowngradedDate:03/18/26
The score is driven primarily by weak financial performance (persistent losses and negative cash flows) and bearish technicals (negative MACD and very low RSI). Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Proprietary LAG‑3 platform and lead candidate (efti)
Immutep’s focus on LAG‑3 and its lead APC activator eftilagimod alpha represents a durable scientific asset and differentiated mechanism. A successful platform can produce multiple clinical programs and combination opportunities, supporting long-term strategic optionality beyond a single trial result.
Negative Factors
Persistent negative margins and unprofitability
Sustained negative gross and net margins indicate the company is not generating operating profits and lacks internal earnings to fund expansion. For a clinical-stage biotech, prolonged unprofitability increases reliance on external funding and heightens execution risk if financing terms deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary LAG‑3 platform and lead candidate (efti)
Immutep’s focus on LAG‑3 and its lead APC activator eftilagimod alpha represents a durable scientific asset and differentiated mechanism. A successful platform can produce multiple clinical programs and combination opportunities, supporting long-term strategic optionality beyond a single trial result.
Read all positive factors
Immutep Ltd (IMM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$69.26M
Dividend YieldN/A
Average Volume (3M)4.11M
Price to Earnings (P/E)―
Beta (1Y)2.70
Revenue GrowthN/A
EPS Growth-19.21%
CountryAU
Employees19
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,473,721,300
10 Day Avg. Volume7,757,821
30 Day Avg. Volume4,106,545
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)2.43
Price to Sales (P/S)69.27
P/FCF Ratio-5.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.17Price Target Upside242.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.04
Revenue Forecast (FY)AU$26.99M
Immutep Ltd Business Overview & Revenue Model
Company Description
Immutep Limited, a biotechnology company, engages in the research and development of pharmaceutical products. The company develops immunotherapeutic products for the treatment of cancer and autoimmune diseases. Its lead product candidate is eftila...
How the Company Makes Money
Immutep is a clinical-stage biotech, so its ability to generate recurring product sales is typically limited until a therapy receives regulatory approval; as a result, its revenues (when present) are generally driven by external funding and deal-b...
Immutep Ltd Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.98M | 5.04M | 3.84M | 3.51M | 170.37K | 3.86M |
| Gross Profit | -31.23M | -56.37M | -37.70M | 1.44M | -1.89M | 1.79M |
| EBITDA | -83.33M | -62.88M | -44.54M | -42.88M | -31.87M | -20.72M |
| Net Income | -83.92M | -61.43M | -42.72M | -39.90M | -32.21M | -29.90M |
Balance Sheet | ||||||
| Total Assets | 147.20M | 156.98M | 201.58M | 147.45M | 102.17M | 82.03M |
| Cash, Cash Equivalents and Short-Term Investments | 99.13M | 129.69M | 181.88M | 123.42M | 80.00M | 60.13M |
| Total Debt | 2.16M | 1.63M | 1.59M | 1.23M | 1.73M | 2.82M |
| Total Liabilities | 48.30M | 13.35M | 12.06M | 10.98M | 8.09M | 8.76M |
| Stockholders Equity | 98.90M | 143.64M | 189.52M | 136.47M | 94.08M | 73.27M |
Cash Flow | ||||||
| Free Cash Flow | -62.28M | -62.10M | -35.75M | -35.93M | -30.25M | -17.66M |
| Operating Cash Flow | -62.15M | -62.05M | -34.82M | -35.88M | -30.23M | -17.64M |
| Investing Cash Flow | 59.60M | -38.53M | -21.02M | -31.00K | -22.91K | -15.60K |
| Financing Cash Flow | -210.50K | -525.12K | 95.18M | 76.04M | 50.33M | 52.68M |
Immutep Ltd Technical Analysis
Negative
0.05
Price Trends
0.34
Negative
0.33
Negative
0.30
Negative
Market Momentum
-0.09
Positive
14.70
Positive
5.45
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IMM, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.34, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 14.70 is Positive, neither overbought nor oversold. The STOCH value of 5.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:IMM.
Immutep Ltd Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | AU$498.15M | -29.29 | -47.44% | ― | ― | 67.26% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
44 Neutral | AU$195.13M | -5.17 | -83.97% | ― | 1271.12% | 36.87% | |
42 Neutral | AU$80.88M | -14.80 | -40.65% | ― | 700.00% | 26.88% | |
41 Neutral | AU$51.77M | -0.70 | -134.65% | ― | ― | 55.94% | |
41 Neutral | AU$87.00M | -2.12 | -30.19% | ― | ― | 63.46% | |
40 Underperform | AU$69.26M | -3.40 | -35.86% | ― | ― | -19.21% |
* Healthcare Sector Average
AU:IMM
Immutep Ltd
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0.15
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0.01
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Race Oncology Ltd.
2.74
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151.38%
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0.07
-0.02
-21.18%
Immutep Ltd Corporate Events
Insignia Financial Ceases to Be Substantial Holder in Immutep
Mar 19, 2026
Insignia Financial Ltd, acting on behalf of itself and its subsidiaries, has notified Immutep Ltd that it has ceased to be a substantial holder in the company as of 13 March 2026. The change follows a series of on-market share purchases and sales ...
Immutep Reports Positive Phase I Progress for First-in-Class Autoimmune Drug IMP761
Mar 18, 2026
Immutep reported positive progress from its first-in-human Phase I trial of IMP761, a first-in-class LAG-3 agonist antibody designed to suppress pathogenic T cell responses in autoimmune diseases. The single ascending dose part of the study has be...
UBS Group Ceases to Be Substantial Shareholder in Immutep
Mar 18, 2026
UBS Group AG and its related entities have notified Immutep Ltd that they have ceased to be a substantial shareholder in the company as of 16 March 2026, following changes in their relevant interests in Immutep’s voting securities. The chang...
Immutep Trading Resumes on ASX After Key Phase III Trial Update
Mar 12, 2026
Immutep Limited has had the suspension of trading in its securities on the ASX lifted, following the release of an announcement regarding its TACTI-004 (KEYNOTE-F91) Phase III trial. The trial is evaluating the company’s lead candidate, efti...
Immutep Halts Pivotal Lung Cancer Trial After Futility Review
Mar 12, 2026
Immutep has halted its Phase III TACTI-004 trial of eftilagimod alfa in first-line non-small cell lung cancer after an Independent Data Monitoring Committee recommended discontinuation for futility based on an interim analysis of safety and effica...
Immutep Shares Suspended Pending Key Phase III Trial Futility Update
Mar 10, 2026
Immutep Limited has requested and received a voluntary suspension of trading in its ordinary shares on the ASX, following an earlier trading halt, while it prepares an announcement on the interim futility analysis of its Phase III TACTI-004 (KEYNO...
Immutep Halts Trading Ahead of Key Phase III Trial Futility Analysis
Mar 6, 2026
Immutep Limited has requested and been granted a trading halt on its ordinary shares on the ASX, effective 6 March 2026, pending the release of an announcement. The halt is intended to prevent trading on an uninformed basis while the company prepa...
Immutep Doubles Half-Year Loss as R&D Spend Surges Despite New Collaboration Revenue
Feb 25, 2026
Immutep reported a net loss after tax of A$44.9 million for the half-year ended 31 December 2025, double the A$22.4 million loss a year earlier, as total revenue and other income rose 6% to A$7.7 million. The deterioration was driven by a A$21.3 m...
Immutep Hits 50% Enrolment Milestone in Global Phase III Lung Cancer Trial
Feb 5, 2026
Immutep has reached 50% patient enrolment in its global registrational Phase III TACTI-004 (KEYNOTE-F91) trial, with 378 patients now enrolled to evaluate its lead immunotherapy eftilagimod alfa in combination with Merck’s KEYTRUDA and chemo...
Immutep Secures Dr. Reddy’s Partnership and Strengthens Clinical, Financial Position
Jan 29, 2026
Immutep reported a pivotal quarter marked by a strategic licensing and collaboration deal with Dr. Reddy’s for the commercialisation of eftilagimod alfa in most ex-U.S./EU markets, delivering an upfront payment of about A$30 million and acce...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.