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iX Biopharma Ltd.
(SGX:42C)
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Rating:50Neutral
Price Target:
S$0.52
▲(28.75% Upside)
Action:Reiterated
Date:07/29/26
Overall score is held down primarily by weak financial performance (persistent losses, very high leverage, and negative cash flow). Technicals provide a meaningful offset as the stock trades above all major moving averages, but valuation remains challenging due to negative earnings and no provided dividend yield.
Positive Factors
Proprietary WaferiX oral-film platform
Owning a proprietary oral-film platform is a durable competitive asset: it creates technical differentiation, supports licensing and royalties, and enables product form differentiation across therapeutic areas. This intellectual property and know‑how underpin long-term partner interest and recurring platform revenue.
Negative Factors
Persistent negative profitability
Very large negative net margins and ongoing losses indicate the business is not yet profitable at scale. Continued negative profitability erodes equity, constrains reinvestment, and requires clear operational or revenue inflection to achieve sustainable earnings over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary WaferiX oral-film platform
Owning a proprietary oral-film platform is a durable competitive asset: it creates technical differentiation, supports licensing and royalties, and enables product form differentiation across therapeutic areas. This intellectual property and know‑how underpin long-term partner interest and recurring platform revenue.
Read all positive factors
iX Biopharma Ltd. (42C) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$530.26M
Dividend YieldN/A
Average Volume (3M)15.11M
Price to Earnings (P/E)―
Beta (1Y)-0.26
Revenue Growth3.27%
EPS Growth43.59%
CountrySG
Employees35
SectorHealthcare
Sector Strength45
IndustryDrug Manufacturers - Specialty & Generic
Share Statistics
EPS (TTM)-0.09
Shares Outstanding1,093,315,400
10 Day Avg. Volume11,332,920
30 Day Avg. Volume15,113,843
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)38.32
Price to Sales (P/S)1.80
P/FCF Ratio-3.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
iX Biopharma Ltd. Business Overview & Revenue Model
Company Description
iX Biopharma Ltd., a specialty pharmaceutical and nutraceutical enterprise headquartered in Singapore since its inception in 2004, focuses on the research, development, manufacturing, and commercialization of therapeutic solutions. The company tar...
How the Company Makes Money
iX Biopharma makes money primarily through (1) sales of pharmaceutical products and (2) monetizing its drug-delivery platform and manufacturing capabilities. Product revenue can come from commercial sales of iX Biopharma-branded or iX-developed me...
iX Biopharma Ltd. Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
30
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.64M | 7.77M | 5.96M | 5.91M | 14.39M | 1.75M |
| Gross Profit | 1.82M | 2.04M | 1.05M | 2.32M | 12.29M | -382.00K |
| EBITDA | -3.05M | -8.96M | -8.68M | -8.51M | -2.84M | -10.79M |
| Net Income | -4.81M | -10.14M | -10.79M | -9.62M | -4.60M | -8.23M |
Balance Sheet | ||||||
| Total Assets | 15.89M | 11.28M | 14.62M | 24.93M | 28.52M | 18.86M |
| Cash, Cash Equivalents and Short-Term Investments | 5.77M | 866.00K | 1.77M | 6.52M | 13.49M | 6.21M |
| Total Debt | 6.73M | 5.90M | 5.20M | 4.34M | 4.41M | 4.24M |
| Total Liabilities | 11.75M | 10.92M | 10.28M | 9.08M | 8.77M | 7.15M |
| Stockholders Equity | 4.13M | 365.00K | 4.34M | 15.85M | 19.74M | 11.71M |
Cash Flow | ||||||
| Free Cash Flow | -4.82M | -3.96M | -6.84M | -8.36M | 2.92M | -8.90M |
| Operating Cash Flow | -4.72M | -3.76M | -6.55M | -7.66M | 3.12M | -8.35M |
| Investing Cash Flow | -105.00K | -201.00K | 1.06M | -695.00K | -5.62M | -507.00K |
| Financing Cash Flow | 14.35M | 3.12M | 724.00K | 1.42M | 9.79M | 10.02M |
iX Biopharma Ltd. Technical Analysis
Neutral
0.40
Price Trends
0.42
Positive
0.38
Positive
0.27
Positive
Market Momentum
0.03
Positive
52.15
Neutral
1.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:42C, the sentiment is Neutral. The current price of 0.4 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.42, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 52.15 is Neutral, neither overbought nor oversold. The STOCH value of 1.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:42C.
iX Biopharma Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | S$530.26M | -72.39 | -213.69% | ― | 3.27% | 43.59% | |
45 Neutral | S$37.02M | -3.48 | -10.82% | ― | ― | ― | |
42 Neutral | S$50.00M | -1.12 | -61.67% | ― | -1.27% | 16.67% | |
39 Underperform | S$58.94M | -17.89 | -300.34% | ― | ― | ― |
* Healthcare Sector Average
SG:42C
iX Biopharma Ltd.
0.49
0.47
2594.44%
SG:P8A
Cordlife Group
0.15
-0.06
-27.50%
SG:1J5
Hyphens Pharma International Ltd.
0.37
0.09
31.77%
SG:546
Medtecs International Corporation Ltd.
0.11
>-0.01
-8.13%
SG:8YY
Biolidics Ltd.
0.03
0.01
43.48%
SG:9G2
Singapore Institute of Advanced Medicine Holdings Ltd.
0.03
<0.01
11.11%
iX Biopharma Ltd. Corporate Events
iX Biopharma Warrants See Strong Insider Take-Up, Funding U.S. Expansion
Jul 15, 2026
Singapore-based iX Biopharma Ltd. operates in the biopharmaceutical industry, focusing on innovative therapies and specialty formulations, with a strategic emphasis on expanding its presence in the United States via the compounding pharmacy pathwa...
iX Biopharma Sets Final Timetable for Expiry and Delisting of SGX-Listed Warrants
Jul 6, 2026
iX Biopharma Ltd., a Singapore-incorporated biopharmaceutical company listed on the SGX, develops and commercialises pharmaceutical products and utilises listed warrants as part of its capital structure and investor tools.The company has issued a ...
iX Biopharma Targets Non-Opioid Pain and U.S. Telehealth Growth With Wafermine Funding and Consumer Spinoff
Jul 3, 2026
iX Biopharma has outlined a multi-pronged growth strategy centred on Wafermine and its WaferiX sublingual platform, backed by non-dilutive funding and recent capital raises. The U.S. Department of Defense has committed about US$34 million to fully...
iX Biopharma Sets July 2026 Expiry for S$0.06 Warrants
Jun 16, 2026
iX Biopharma has notified holders that its warrants, each exercisable into one new ordinary share at an exercise price of S$0.06, will expire on 17 July 2026 at 5 p.m. Holders who do not exercise by then will see their warrants lapse and become wo...
iX Biopharma Shifts Production Gear to U.S. to Support Wafermine Contract and Growth Push
Jun 16, 2026
iX Biopharma will relocate key manufacturing equipment from its Croydon, Australia facility to Orion Specialty Labs’ 503B-licensed site in Nevada as part of a planned consumer health joint venture with Orion and GLD Partners. The move positi...
iX Biopharma Shareholders Approve New Share Issues and CEO Performance Award
Jun 5, 2026
iX Biopharma Ltd. has approved several share issuances at an extraordinary general meeting held on 8 May 2026, including 1,045,164 new shares to Anson Properties Pte. Ltd. and smaller director placements to Patrick Donald Davies, Teo Woon Keng Joh...
iX Biopharma Restructures Consumer Arm and Advances U.S. Joint Venture Plans
May 11, 2026
iX Biopharma is consolidating its Australian and Hong Kong consumer assets, a portfolio of about 40 WaferiX-based formulations, and a planned direct-to-consumer telehealth platform into a new wholly owned holding company, Ligo Pharma Pte. Ltd. Lig...
iX Biopharma Grants 9.4 Million Shares Under Performance Plan
May 8, 2026
iX Biopharma has granted 9,400,892 ordinary shares under its iX Performance Share Plan to employees, excluding the chairman and CEO, as part of an equity-based incentive program. The awards, priced at S$0.41 per share based on the market close on ...
iX Biopharma Clarifies Time-Based Vesting of Performance Shares Ahead of EGM
May 2, 2026
iX Biopharma has addressed a shareholder query ahead of its extraordinary general meeting on 8 May 2026, clarifying the terms of performance shares granted to executive Mr. Eddy Lee Yip Hang. The company referred investors to its earlier sharehold...
iX Biopharma Wins Conditional SGX Nod for New Share Placement
Apr 30, 2026
iX Biopharma has received a listing and quotation notice from the Singapore Exchange for 1,349,434 new ordinary shares to be issued under proposed placements to Anson Properties Pte. Ltd. and certain directors. The approval is conditional on share...
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.