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Immutep Limited (IMM) Fair Value & Analysis

Healthcare · AU · Market cap A$70.7M

IL Immutep Limited IMM · AU
PriceA$0.0510
Fair ValueA$0.0709
Upside+39.0%
Quality95/100
Evidence: Low Range A$0.0556 – A$0.0862

Fair value as of: Jun 26, 2026

From 1 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from A$0.4400 to A$0.0709 (−83.9%) since Jun 24, 2026.

Price vs Fair Value (12 months)

A$0.4426 A$0.0346 Fair Value A$0.0709 Jun 2025 Jun 2026

12‑month range A$0.0346 – A$0.4426 · fair‑value band A$0.0556 – A$0.0862 · the A$0.0510 price screens below the A$0.0709 fair value. As of Jun 26, 2026.

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Analysis

Immutep Limited (IMM) currently trades at A$0.0510, while our model-based Fair Value estimate is A$0.0709 — implying the stock looks roughly 39.0% undervalued today. We read business quality at 95/100 (high quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Trailing-twelve-month revenue stands at A$7.9M. Revenue grew 91.5% year over year. It earns a return on equity of -61.9%. The balance sheet holds a net cash position of A$65.8M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$7.9M
Revenue growth (YoY) +91.5%
Return on equity -61.9%
Free cash flow −A$62.1M FY2025
Operating margin -764%
EPS (TTM) A$-0.0400
More key figures
Net cash A$65.8M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Immutep Limited, a biotechnology company, engages in developing novel Lymphocyte Activation Gene-3 related immunotherapies for cancer and autoimmune diseases in Australia. Its lead product candidate is the eftilagimod alfa (efti or IMP321), a soluble LAG-3lg fusion based on LAG-3 immune control mechanism for the treatment of different types of cancers. The company's product pipeline also includes TACTI-004, which is in phase III clinical trial for the treatment of first line non-small cell lung cancer (1L NSCLC); TACTI-003, which is in phase IIb clinical trial to treat first line head and neck squamous cell carcinoma (HNSCC); INSIGHT-005 which is in phase I for metastatic urothelial carcinoma; TACTI-002, which in phase II trial for the treatment NSCLC and HNSCC; AIPAC-003, which is in phase II/III clinical trial to treat metatastic breast cancer; and EFTISARC-NEO, which is in phase II clinical trial for the treatment of soft tissue sarcoma. It also develops INSIGHT-003, which is in …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Immutep Limited reported revenue of A$5.0M in FY2025 versus A$3.9M in FY2021, a compound +6.9%/yr. Reported net income was −A$61.4M in FY2025.

Revenue +6.9%/yr
FY21 A$3.9M
FY22 A$170K
FY23 A$3.5M
FY24 A$3.8M
FY25 A$5.0M
Net income
FY21 −A$29.9M
FY22 −A$32.2M
FY23 −A$39.9M
FY24 −A$42.7M
FY25 −A$61.4M

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Frequently asked questions

Is Immutep Limited (IMM) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0709 versus a price of A$0.0510 — about +39% (undervalued). Model-based estimate, not financial advice.
What is the fair value of IMM?
Our 21-model fair value for Immutep Limited is A$0.0709 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0510.
What is the quality score of IMM?
Immutep Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Immutep Limited (IMM)?
Immutep Limited reported trailing-twelve-month revenue of about A$7.9M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of IMM?
The net profit margin of Immutep Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.