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Telix Pharmaceuticals Ltd. (AU:TLX)
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Telix Pharmaceuticals (TLX) AI Stock Analysis

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AU

Telix Pharmaceuticals

(Sydney:TLX)

Rating:71Outperform
Price Target:
AU$27.00
▲(9.85%Upside)
Telix Pharmaceuticals Ltd.'s strong earnings performance and positive future guidance are the primary drivers of its favorable score. However, concerns about valuation and cash flow management, along with neutral technical indicators, moderate the overall score.
Positive Factors
Analyst Recommendation
Analyst recommendation reflects an increase in price target to AU$35, indicating confidence in future performance.
Financial Performance
Telix reported Q1 total revenue of $186MM (AU$296MM, +31% Q/Q, +62% Y/Y), which could lead to an H1 beat as consensus currently estimates AU$547MM (vs the current H1 run-rate of AU$592).
Product Approval
Approvals of Zircaix and Pixclara and Illuccix reimbursement decisions ex-US could lead to increased revenue.
Negative Factors
Product Revenue Delay
Zircaix revenue is delayed to the second half of 2025 due to the NDA resubmission requirement.

Telix Pharmaceuticals (TLX) vs. iShares MSCI Australia ETF (EWA)

Telix Pharmaceuticals Business Overview & Revenue Model

Company DescriptionTelix Pharmaceuticals (TLX) is a biopharmaceutical company specializing in the development of diagnostic and therapeutic products using molecularly targeted radiation (MTR). The company's primary focus is on oncology, with a pipeline that includes imaging and therapeutic products for prostate, kidney, and brain cancers. Leveraging proprietary technology, Telix aims to enhance the precision of cancer diagnosis and improve treatment outcomes.
How the Company Makes MoneyTelix Pharmaceuticals generates revenue through the commercialization of its diagnostic and therapeutic products in the field of oncology. The company earns money by selling its products directly to healthcare providers and institutions. Additionally, Telix may engage in strategic partnerships and collaborations with other pharmaceutical companies to co-develop or distribute its products, which can provide upfront payments, milestone payments, and royalty streams. The company's revenue model is also supported by licensing agreements for its proprietary technologies and intellectual property to other organizations, contributing further to its earnings.

Telix Pharmaceuticals Earnings Call Summary

Earnings Call Date:Feb 20, 2025
(Q4-2024)
|
% Change Since: -8.35%|
Next Earnings Date:Aug 21, 2025
Earnings Call Sentiment Positive
The earnings call reflects strong financial performance and strategic growth through acquisitions and R&D investments. Despite potential regulatory delays and market uncertainties, Telix is well-positioned for significant expansion with an innovative product pipeline.
Q4-2024 Updates
Positive Updates
Revenue and Growth Metrics
Telix achieved a 56% revenue increase, adjusted EBITDA improved by 70% to $99 million, operating cash inflow improved by 80%, and profit after tax surged 860%.
Illuccix Sales Performance
Illuccix drove revenue growth for the 10th consecutive quarter with over $500 million in U.S. sales for 2024, reflecting strong market momentum.
Acquisitions and R&D Investment
Significant acquisitions like ARTMS and IsoTherapeutics, along with a $195 million investment in R&D, are supporting strategic growth and pipeline expansion.
Global Expansion Strategy
Plans to launch three new products in the U.S. and expand precision medicine portfolio into Europe and Asia-Pacific regions.
Innovative Product Pipeline
Telix is advancing late-stage assets for prostate, kidney, and brain cancer, with several alpha therapies entering first-in-human trials in 2025.
Negative Updates
Regulatory and Market Uncertainties
Potential regulatory delays in the U.S. due to changes in the FDA and CMS environment, which could impact product launches.
CMS Pass-Through Status Expiry
Illuccix's CMS pass-through status expires mid-2025, which could affect revenue depending on future pricing and reimbursement dynamics.
Dependence on U.S. Market
A significant portion of revenue (97%) is driven by Illuccix in the U.S., indicating a need for successful global expansion to mitigate risks.
Company Guidance
In the Telix Pharmaceuticals Limited FY 2024 Results Call, the company provided a positive outlook for the upcoming year, 2025, with guidance well exceeding one billion dollars in revenue. This projection does not yet account for product launches in regions pending regulatory approvals. The company has reported a strong performance in 2024, with a 56% revenue improvement, a 70% increase in adjusted EBITDA to $99 million, and an impressive 860% rise in profit after tax. The cash position at year-end was solid at $710 million, bolstered by a convertible bond placement. The company's growth strategy focuses on expanding its product pipeline, launching new products, and enhancing its global manufacturing and distribution infrastructure. As it transitions into a therapeutics company, Telix plans to significantly increase its R&D investment by 20% to 25% over 2024 numbers to support this growth.

Telix Pharmaceuticals Financial Statement Overview

Summary
Telix Pharmaceuticals Ltd. shows strong revenue and profit growth with improved margins and operational efficiency. The balance sheet is stable but exhibits slightly high leverage, and cash flow management needs improvement to ensure liquidity.
Income Statement
85
Very Positive
Telix Pharmaceuticals Ltd. demonstrated strong revenue growth with a significant increase from $502.5M in 2023 to $783.2M in 2024, marking a 55.8% growth rate. The gross profit margin improved to 65.0%, showcasing efficient cost management. The net profit margin rose to 6.4%, reflecting enhanced profitability compared to previous years. The EBIT and EBITDA margins were healthy at 10.5% and 11.8%, respectively, indicating strong operational performance. Overall, the income statement reflects robust growth and improving profitability.
Balance Sheet
75
Positive
The company's financial position is solid with a debt-to-equity ratio of 1.02, suggesting a balanced approach to financing. The return on equity (ROE) improved to 8.8%, indicating better utilization of equity to generate profit. An equity ratio of 37.5% shows moderate reliance on equity financing. The balance sheet reflects a stable financial structure with steady equity growth, but there remains a slightly high leverage that could pose risks in volatile market conditions.
Cash Flow
65
Positive
Despite a lack of operating cash flow in the latest year, Telix Pharmaceuticals achieved a positive free cash flow of $9M, a decline from $13.1M in the previous year, indicating a need for better cash flow management. The absence of operating cash flow raises concerns regarding the sustainability of cash generation through operations. The free cash flow to net income ratio suggests limited conversion of profit into cash. Overall, cash flow management needs improvement to ensure long-term liquidity.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue783.21M502.55M160.10M7.60M5.21M
Gross Profit509.68M314.39M29.34M-29.77M-16.88M
EBITDA92.55M22.97M-92.84M-70.07M-44.94M
Net Income49.92M5.21M-104.08M-80.51M-44.89M
Balance Sheet
Total Assets1.52B398.30M260.59M109.81M164.44M
Cash, Cash Equivalents and Short-Term Investments710.35M123.24M116.33M22.04M77.94M
Total Debt581.45M17.45M10.45M2.54M2.21M
Total Liabilities948.22M249.39M178.44M106.17M84.44M
Stockholders Equity568.21M148.91M80.01M2.16M79.02M
Cash Flow
Free Cash Flow9.00M13.09M-77.83M-60.67M1.64M
Operating Cash Flow43.03M23.88M-63.97M-59.33M1.96M
Investing Cash Flow-135.17M-25.49M-17.00M-2.73M-1.09M
Financing Cash Flow638.92M10.19M174.96M2.85M34.12M

Telix Pharmaceuticals Technical Analysis

Technical Analysis Sentiment
Positive
Last Price24.58
Price Trends
50DMA
25.18
Negative
100DMA
26.28
Negative
200DMA
25.29
Negative
Market Momentum
MACD
-0.34
Negative
RSI
49.60
Neutral
STOCH
36.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TLX, the sentiment is Positive. The current price of 24.58 is above the 20-day moving average (MA) of 24.33, below the 50-day MA of 25.18, and below the 200-day MA of 25.29, indicating a neutral trend. The MACD of -0.34 indicates Negative momentum. The RSI at 49.60 is Neutral, neither overbought nor oversold. The STOCH value of 36.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TLX.

Telix Pharmaceuticals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUNEU
78
Outperform
$1.86B13.3551.39%-8.06%-10.13%
AUCUV
77
Outperform
$544.34M14.3919.93%0.46%12.74%27.56%
AUTLX
71
Outperform
$8.13B162.7814.52%55.85%893.42%
AUPTX
56
Neutral
AU$35.43M-36.95%11.11%
52
Neutral
$7.47B-0.04-63.86%2.34%16.17%0.25%
AUIMM
50
Neutral
$365.10M-31.16%14.47%
AUMSB
43
Neutral
$2.21B-21.31%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TLX
Telix Pharmaceuticals
25.26
6.13
32.04%
AU:NEU
Neuren Pharmaceuticals Limited
15.39
-5.29
-25.58%
AU:CUV
Clinuvel Pharmaceuticals
11.25
-4.23
-27.32%
AU:PTX
Prescient Therapeutics Limited
0.05
0.01
25.00%
AU:IMM
Immutep Ltd
0.26
-0.03
-11.86%
AU:MSB
Mesoblast Limited
2.41
1.26
109.57%

Telix Pharmaceuticals Corporate Events

Telix Pharmaceuticals’ Gozellix Secures Permanent HCPCS Code
Jul 9, 2025

Telix Pharmaceuticals announced that its next-generation PSMA PET imaging agent, Gozellix, has been granted a permanent HCPCS code by the U.S. Centers for Medicare & Medicaid Services, effective from October 1, 2025. This milestone supports provider billing and reimbursement, facilitating clinical adoption and expanded access to PSMA PET imaging for prostate cancer patients in the U.S., and marks an important step in Telix’s mission to improve access to precision medicine imaging.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Announces Cessation of Securities
Jul 8, 2025

Telix Pharmaceuticals Limited announced the cessation of certain securities, specifically 67,000 share rights and 436,190 share appreciation rights, due to the lapse of conditional rights that were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s operational and financial strategies.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Announces Quotation of New Securities on ASX
Jun 19, 2025

Telix Pharmaceuticals Limited has announced the quotation of 133,825 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code TLX. This move is part of the company’s strategy to enhance its capital structure and support its growth initiatives, potentially strengthening its market position and providing new opportunities for stakeholders.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Updates Director’s Interest in Securities
Jun 17, 2025

Telix Pharmaceuticals has announced a change in the director’s interest, specifically for Dr. Christian Behrenbruch, who has acquired 166,483 Performance Share Appreciation Rights (PSARs) and 2,595 Deferred Share Rights (SRs) as part of his remuneration package. This change reflects the company’s commitment to aligning executive compensation with performance goals, potentially impacting the company’s operational focus and stakeholder interests by incentivizing leadership to achieve significant revenue milestones.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Hosts Investor Day in New York City
Jun 11, 2025

Telix Pharmaceuticals Limited is hosting an Investor Day event in New York City, which will be a hybrid event allowing both in-person and virtual participation. This event is significant for stakeholders as it provides an opportunity for institutional investors and analysts to engage with the company, potentially impacting Telix’s market positioning and investor relations.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Issues New Securities to Bolster Strategic Initiatives
Jun 4, 2025

Telix Pharmaceuticals has announced the issuance of 15,000 ordinary fully paid securities, effective May 30, 2025. This move reflects the company’s ongoing efforts to enhance its capital structure and support its strategic initiatives in the biotechnology sector, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals to Quote New Securities on ASX
Jun 4, 2025

Telix Pharmaceuticals Limited has announced the issuance of 139,741 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code TLX. This move is part of the company’s strategy to enhance its capital structure and support its ongoing operations, potentially strengthening its position in the biotechnology sector and providing value to its stakeholders.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Issues New Equity Securities for Employee Incentives
Jun 4, 2025

Telix Pharmaceuticals Limited announced the issuance of new unquoted equity securities as part of an employee incentive scheme. The issuance includes Deferred Share Rights for both US and ex-US employees and Performance Share Appreciation Rights for US employees, reflecting the company’s strategy to incentivize and retain talent, potentially impacting its operational efficiency and market competitiveness.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$36.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Issues New Share Appreciation Rights
Jun 4, 2025

Telix Pharmaceuticals Limited announced the issuance of 1,541,188 share appreciation rights as part of an employee incentive scheme. This move is part of the company’s strategy to incentivize and retain its workforce, potentially impacting its operational efficiency and market positioning positively.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Announces Director Change
May 21, 2025

Telix Pharmaceuticals Limited announced the cessation of Harry Kevin McCann as a director effective May 21, 2025. McCann held indirect interests in the company through Monjoy Pty Limited and Cottesloe Pty Limited, with a total of 1,120,000 fully paid ordinary shares. This change in the board may impact the company’s governance structure and could have implications for its strategic direction.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals’ AGM Resolutions Successfully Passed
May 21, 2025

Telix Pharmaceuticals announced that all resolutions proposed at its Annual General Meeting were successfully passed by shareholders. This outcome reflects shareholder confidence and supports Telix’s strategic direction in the biopharmaceutical industry, potentially enhancing its market position and stakeholder value.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Expands Global Reach with Product Approvals
May 21, 2025

Telix Pharmaceuticals announced the approval of its first-generation PSMA-PET imaging product, Illuccix®, and its osteomyelitis imaging agent, Scintimun®, in multiple countries. These approvals enhance Telix’s market presence and demonstrate its commitment to advancing medical imaging technologies. The company also highlighted its miniaturized surgical gamma probe, SENSEI®, which is registered for use in the U.S. and Europe, further solidifying its position in the medical imaging sector.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Expands Global Product Approvals
May 21, 2025

Telix Pharmaceuticals Limited held its Annual General Meeting where the Chairman and CEO addressed shareholders. The company continues to expand its product approvals globally, with Illuccix® and Gozellix® receiving approvals from various international health agencies. This expansion strengthens Telix’s market position in the biopharmaceutical industry, potentially enhancing its operational capabilities and stakeholder value.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals to Release Shares from Voluntary Escrow
May 18, 2025

Telix Pharmaceuticals Limited announced the release of 684,437 ordinary shares from voluntary escrow, which were initially issued to ImaginAb Inc. as part of an asset acquisition. This release, scheduled for May 29, 2025, is in accordance with ASX Listing Rule 3.10A and may impact the company’s operations by increasing share liquidity. The move reflects Telix’s ongoing strategic efforts to enhance its market positioning and could have implications for stakeholders by potentially influencing share value and investor confidence.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$19.30 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Expands Market Presence with New Securities Quotation
May 16, 2025

Telix Pharmaceuticals Limited has announced the quotation of 139,383 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective May 12, 2025. This move reflects the company’s ongoing efforts to enhance its market presence and provide value to its stakeholders by expanding its capital base.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$19.30 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Issues New Equity Securities
May 16, 2025

Telix Pharmaceuticals Limited has announced the issuance of new ordinary fully paid securities, totaling 210,000 shares, on two separate dates in May 2025. This move is part of the company’s strategy to manage its equity and potentially strengthen its financial position, which may have implications for its market performance and stakeholder interests.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$19.30 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Announces Cessation of Share Rights
May 16, 2025

Telix Pharmaceuticals Limited has announced the cessation of 135,000 share rights under the ASX security code TLXAP, effective May 16, 2025. This announcement may impact the company’s capital structure and could have implications for its stakeholders, as it reflects changes in the company’s issued securities.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$19.30 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Issues Unquoted Share Rights to Employees
May 8, 2025

Telix Pharmaceuticals Limited has announced the issuance of 135,000 unquoted share rights under an employee incentive scheme. This move is part of the company’s strategy to align employee interests with corporate goals, potentially enhancing productivity and commitment, which may positively impact Telix’s market position and stakeholder value.

Telix Pharmaceuticals Expands with New Share Issuance Post-Acquisition
May 5, 2025

Telix Pharmaceuticals Limited has issued 91,168 fully paid ordinary shares following the acquisition of Lightpoint Medical and its SENSEI® radio-guided surgery business. This move, executed without disclosure under Part 6D.2 of the Corporations Act, signifies Telix’s strategic expansion in the radio-guided surgery market, potentially enhancing its industry positioning and stakeholder value.

Telix Pharmaceuticals Expands ASX Quotation with New Securities
May 5, 2025

Telix Pharmaceuticals Limited has announced the quotation of 91,168 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of May 6, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market position, offering stakeholders an opportunity to engage with the company’s growth and development in the biotech sector.

Telix Pharmaceuticals Announces Board Resignation of Anne Whitaker
Apr 28, 2025

Telix Pharmaceuticals announced the resignation of Anne Whitaker from its board due to personal and family reasons, effective immediately. This resignation impacts the upcoming Annual General Meeting as her nomination for election has been withdrawn, but it does not affect the validity of proxy forms for the meeting. The company expressed regret over her departure and extended best wishes for her future endeavors.

Telix Pharmaceuticals to Release Shares from Voluntary Escrow
Apr 23, 2025

Telix Pharmaceuticals Limited has announced the release of 2,427,636 ordinary shares from voluntary escrow, which were initially issued to QSAM Biosciences Inc. shareholders as part of Telix’s acquisition of QSAM. This release, scheduled for May 3, 2025, is in accordance with ASX Listing Rule 3.10A and marks a significant step in the integration process following the acquisition. The release of these shares is expected to impact Telix’s market operations by potentially increasing the liquidity of its shares and enhancing shareholder value.

Telix Pharmaceuticals Reports Robust Q1 2025 Revenue Growth and Strategic Expansions
Apr 22, 2025

Telix Pharmaceuticals Ltd. reported a significant 62% year-over-year increase in Q1 2025 revenue, reaching $186 million, driven by strong sales of Illuccix® and contributions from the recent acquisition of RLS Radiopharmacies. The company reaffirmed its FY 2025 revenue guidance and highlighted strategic expansions, including new market approvals and acquisitions, which are expected to enhance its global footprint and product offerings. The launch of Gozellix® in the U.S. and advancements in its therapeutic pipeline, such as the development of a new generator technology for lead-212, underscore Telix’s commitment to innovation and growth in the radiopharmaceutical sector.

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.Date of analysis: Jul 18, 2025