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Biosyent Inc (TSE:RX)
:RX
Canadian Market

Biosyent (RX) AI Stock Analysis

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TS

Biosyent

(RX)

Rating:82Outperform
Price Target:
C$13.50
▲(12.97%Upside)
Biosyent's strong financial performance and recent earnings call highlight its robust growth and profitability, setting a positive tone for the stock's outlook. While technical indicators are mixed, the company's strategic initiatives and stable valuation provide confidence in its future prospects. The corporate events further bolster the stock's appeal by emphasizing a commitment to shareholder value and long-term growth.
Positive Factors
Asset Acquisition
BioSyent announced the acquisition of the global rights to Tibella (Tibolone) for EUR 2.8M (~$4.24M CAD) from Mithra Pharmaceuticals SA and its subsidiary Novalon SA.
Financial Performance
BioSyent reported results that exceeded estimates.
Negative Factors
Asset Quality
No physical assets such as production plants or employees were acquired.
Revenue
The topline came in a bit below estimates.

Biosyent (RX) vs. iShares MSCI Canada ETF (EWC)

Biosyent Business Overview & Revenue Model

Company DescriptionBiosyent Inc. (RX) is a Canadian specialty pharmaceutical company that focuses on the development and commercialization of innovative pharmaceutical and healthcare products. The company primarily operates in the sectors of health science and pharmaceuticals, offering a diverse range of prescription and over-the-counter products. Biosyent's core products include pharmaceuticals for the treatment of iron deficiency, women's health, and urology, as well as other therapeutic areas.
How the Company Makes MoneyBiosyent Inc. generates revenue primarily through the sale of its pharmaceutical products to healthcare providers, pharmacies, and distributors. The company leverages its expertise in commercializing niche healthcare products across Canada and other international markets. Key revenue streams include prescription sales and over-the-counter product sales. Additionally, Biosyent may engage in strategic partnerships and licensing agreements to expand its product offerings and market reach, contributing to its overall earnings. The company focuses on identifying underutilized or novel products that address unmet medical needs, allowing it to capture market share and drive revenue growth.

Biosyent Earnings Call Summary

Earnings Call Date:May 15, 2025
(Q1-2025)
|
% Change Since: 11.47%|
Next Earnings Date:Aug 26, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance with record revenue growth, increased profitability, successful international expansion, and continued brand recognition for FeraMAX. However, there are challenges with new product introductions and potential future impacts from trade tariffs. Overall, the positive highlights outweigh the lowlights.
Q1-2025 Updates
Positive Updates
Record Revenue Growth
Revenue reached just under $11 million for Q1 2025, representing a 42% increase compared to the previous year and marking a record quarter for the company.
Strong Profitability and Shareholder Returns
EBITDA increased by 45%, net income after tax was over $2.3 million, and EPS rose to $0.67 from $0.62. The company also paid a dividend of $0.05, an 11% increase from the prior year.
Successful International Expansion
International pharmaceutical business generated over $1.5 million in sales, marking a shift from no sales in the previous comparable period.
FeraMAX Brand Recognition
FeraMAX was named the number one recommended oral iron supplement in Canada for the 10th consecutive year.
Strong Cash Position
The company reported just under $25 million in cash with no debt, maintaining a robust balance sheet.
Negative Updates
Struggles with New Product Introductions
Gelclair is struggling to find its footing in the Canadian market, and Combogesic has become a smaller part of the business than anticipated.
Uncertainty Due to Trade Tariffs
There is continued uncertainty regarding the impact of new trade tariffs, which could affect the company's operations in the future.
Company Guidance
In the Q1 2025 results presentation, BioSyent Inc reported a significant financial performance, with revenues nearing $11 million, marking a 42% increase from the previous year. The company achieved a record quarter with a 45% increase in EBITDA, representing a 29% margin to revenue, and a net income after tax of over $2.3 million, which is 21% of revenue. The Canadian pharma business grew by 21% to nearly $9.2 million, while international pharmaceutical sales contributed over $1.5 million, a dramatic change from no sales in the comparable period. BioSyent's earnings per share saw a notable increase to $0.67 from $0.62 reported in the previous TTM period. Additionally, the company maintained a strong cash position of just under $25 million with no debt, and a return on equity that rose to 22% from 15% over the past year. A dividend of $0.05 was paid in March, an 11% increase from the prior year, and the company repurchased 19,500 shares year-to-date. BioSyent also emphasized its capital-light business model, ongoing investment in growth, and commitment to managing equity compensation in an anti-dilutive manner.

Biosyent Financial Statement Overview

Summary
Biosyent presents strong financial performance with robust revenue growth and profit margins. The balance sheet is particularly strong, with low leverage and high equity ratios. However, the cash flow indicates a need for improvement in free cash flow conversion.
Income Statement
85
Very Positive
Biosyent shows strong performance in its income statement with a consistent revenue growth trajectory and healthy profit margins. The gross profit margin is robust at approximately 78.7% TTM, and the net profit margin stands at 20.6% TTM, indicating efficient cost management. Revenue growth is positive at 9.2% from the previous year, reflecting solid market demand. EBIT and EBITDA margins are also strong, at 23.9% and 28.7% respectively, showcasing good operational efficiency. However, the growth rate is moderate, which could be an area for improvement.
Balance Sheet
90
Very Positive
The balance sheet of Biosyent is very strong, with a low debt-to-equity ratio of 0.03 TTM, indicating minimal leverage and financial risk. The company maintains a high equity ratio of 82.1% TTM, which highlights an excellent capital structure and financial stability. The return on equity is also commendable at 19.0% TTM, showcasing effective utilization of shareholder funds. Overall, the balance sheet reflects a solid financial position with low risks.
Cash Flow
75
Positive
Biosyent's cash flow statement indicates good operating cash flow, with an operating cash flow to net income ratio of 1.01 TTM, demonstrating effective cash generation. However, the free cash flow has decreased significantly, resulting in a negative free cash flow growth rate, which could be a concern for long-term sustainability. The free cash flow to net income ratio is relatively low at -0.01 TTM, suggesting potential issues in converting profits to free cash flow. Attention is needed to improve cash conversion efficiency.
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
34.51M31.59M27.93M28.62M22.33M21.42M
Gross Profit
27.17M25.60M22.86M22.64M17.42M16.65M
EBIT
8.26M7.47M6.98M8.18M5.03M5.39M
EBITDA
9.92M9.06M7.96M8.92M5.84M6.19M
Net Income Common Stockholders
7.11M6.46M5.46M6.28M3.80M4.37M
Balance SheetCash, Cash Equivalents and Short-Term Investments
24.43M26.19M28.70M28.21M25.58M21.97M
Total Assets
31.19M41.53M40.49M37.17M33.57M30.97M
Total Debt
0.001.22M1.40M1.56M1.71M1.85M
Net Debt
-16.83M-6.76M-6.47M-16.48M-18.58M-11.59M
Total Liabilities
3.58M6.77M7.12M5.61M6.78M5.17M
Stockholders Equity
27.61M34.76M33.36M31.55M26.80M25.79M
Cash FlowFree Cash Flow
-87.30K4.88M4.43M4.58M6.72M4.04M
Operating Cash Flow
7.19M5.05M4.95M4.67M6.89M4.77M
Investing Cash Flow
1.02M883.85K-10.79M-4.84M3.39M-1.68M
Financing Cash Flow
-4.92M-5.78M-4.37M-2.08M-3.37M-6.39M

Biosyent Technical Analysis

Technical Analysis Sentiment
Positive
Last Price11.95
Price Trends
50DMA
10.94
Positive
100DMA
10.95
Positive
200DMA
10.96
Positive
Market Momentum
MACD
0.25
Positive
RSI
65.82
Neutral
STOCH
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RX, the sentiment is Positive. The current price of 11.95 is above the 20-day moving average (MA) of 11.50, above the 50-day MA of 10.94, and above the 200-day MA of 10.96, indicating a bullish trend. The MACD of 0.25 indicates Positive momentum. The RSI at 65.82 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RX.

Biosyent Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSRX
82
Outperform
C$137.08M17.4622.17%1.59%16.55%14.70%
TSMDP
71
Outperform
C$91.61M14.2611.27%-3.82%-50.36%
TSHLS
60
Neutral
C$155.64M-23.05%-3.73%32.70%
TSTH
58
Neutral
$161.85M
16.23%85.76%
TSCTX
55
Neutral
C$8.90M-18.52%1.14%-36.66%
54
Neutral
$5.31B3.26-45.10%2.79%16.76%0.02%
TSAQS
21
Underperform
C$663.17K43.02%129.21%26.79%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:RX
Biosyent
11.78
2.64
28.88%
TSE:TH
Theratechnologies
3.56
1.88
111.90%
TSE:AQS
Aequus Pharmaceuticals
0.01
-0.01
-50.00%
TSE:HLS
HLS Therapeutics Inc
4.98
1.43
40.28%
TSE:MDP
Medexus Pharmaceuticals Inc
2.84
1.16
69.05%
TSE:CTX
Crescita Therpeutc
0.48
0.05
11.63%

Biosyent Corporate Events

Dividends
BioSyent Declares Consistent Second Quarter 2025 Dividend
Positive
May 15, 2025

BioSyent Inc. has announced a quarterly dividend of $0.05 per common share for the second quarter of 2025, payable on June 13, 2025, to shareholders of record as of May 30, 2025. This dividend is consistent with the first quarter’s dividend and is classified as an ‘eligible dividend’ for Canadian tax purposes. The announcement underscores BioSyent’s ongoing commitment to providing shareholder value and reflects its stable financial performance.

The most recent analyst rating on (TSE:RX) stock is a Buy with a C$11.75 price target. To see the full list of analyst forecasts on Biosyent stock, see the TSE:RX Stock Forecast page.

Executive/Board ChangesBusiness Operations and StrategyFinancial Disclosures
BioSyent Reports Robust Q1 2025 Financial Performance and Strategic Board Appointment
Positive
May 15, 2025

BioSyent Inc. reported strong financial results for the first quarter of 2025, with total company sales increasing by 42% compared to the first quarter of 2024. The company saw significant growth in its Canadian and international pharmaceutical sales, as well as its legacy business. Notably, the FeraMAX Pd product line continued to lead in the Canadian market for iron health, and the Tibelia product showed substantial growth following the acquisition of global product rights. Despite uncertainties in international trade, BioSyent remains focused on long-term growth and portfolio diversification. Additionally, the company announced the election of Mr. Prakash Gowd to its Board of Directors, succeeding Mr. Larry Andrews.

The most recent analyst rating on (TSE:RX) stock is a Buy with a C$11.75 price target. To see the full list of analyst forecasts on Biosyent stock, see the TSE:RX Stock Forecast page.

Financial Disclosures
BioSyent to Announce Q1 2025 Financial Results on May 15
Neutral
May 8, 2025

BioSyent Inc. announced it will release its financial results for the first quarter of 2025 on May 15, 2025, after market hours. The results will be accompanied by a presentation from the company’s President and CEO, René Goehrum, available on their website. This announcement could provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and stakeholder interests.

Business Operations and Strategy
BioSyent to Showcase Growth Strategies at 2025 Healthcare Investor Conference
Positive
Apr 30, 2025

BioSyent Inc. announced its participation in the 2025 Bloom Burton & Co. Healthcare Investor Conference in Toronto, where CEO René Goehrum will present an overview of the company’s business and activities. This event provides an opportunity for BioSyent to engage with investors and potentially strengthen its market position by showcasing its growth-oriented strategies and innovative product offerings.

Other
BioSyent to Participate in Planet MicroCap Showcase 2025
Neutral
Apr 14, 2025

BioSyent Inc. has announced its participation in the Planet MicroCap Showcase: VEGAS 2025 investor conference in Las Vegas, where President and CEO René Goehrum will present and meet with investors. This participation highlights BioSyent’s active engagement with the investment community, potentially enhancing its market visibility and investor relations.

Business Operations and Strategy
BioSyent to Present at LD Micro Investor Conference
Positive
Apr 4, 2025

BioSyent Inc. announced that its President and CEO, René Goehrum, will present at the LD Micro Invitational XV Conference in New York City on April 10, 2025. This presentation and subsequent one-on-one meetings with investors highlight BioSyent’s proactive approach to engaging with stakeholders and promoting its growth-oriented pharmaceutical business.

Product-Related AnnouncementsBusiness Operations and Strategy
FeraMAX® Tops Canadian Iron Supplement Recommendations for Tenth Year
Positive
Apr 1, 2025

BioSyent Inc. announced that its FeraMAX® brand has been named the #1 recommended iron supplement in Canada for the tenth consecutive year by pharmacists and physicians. This recognition underscores the brand’s leadership in iron health and its commitment to expanding its range of products to treat and prevent iron deficiency across all life stages. The recognition is based on a national survey that highlights the role of healthcare professionals in recommending over-the-counter products, reinforcing BioSyent’s strong market positioning and trust among Canadian healthcare providers.

Business Operations and Strategy
BioSyent Grants Restricted Share Units to Key Personnel
Positive
Mar 18, 2025

BioSyent Inc. has announced the approval of a grant of 56,767 Restricted Share Units (RSUs) to certain directors, officers, management, and employees as part of its Restricted Share Unit Plan. These RSUs will fully vest within three years, potentially enhancing employee retention and aligning their interests with the company’s growth objectives. This move reflects BioSyent’s commitment to rewarding its team and could positively impact its operations by motivating key personnel.

Stock BuybackDividendsBusiness Operations and StrategyFinancial Disclosures
BioSyent Inc. Achieves Record Growth and Expands Global Reach in 2024
Positive
Mar 13, 2025

BioSyent Inc. reported strong financial results for the fourth quarter and full year 2024, with significant growth in Canadian pharmaceutical sales and a notable increase in EBITDA and net income. The acquisition of global rights to Tibelia® (tibolone) and the transition of its distribution to BioSyent’s structure are expected to diversify revenue streams and enhance profitability. The company also maintained its commitment to shareholders by returning $7.3 million through dividends and share buybacks, marking its 15th consecutive year of profitability.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.