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Mayne Pharma Group (MYX) Fair Value & Analysis

Healthcare · AU · Market cap A$234M

MP Mayne Pharma Group MYX · AU
PriceA$3.25
Fair ValueA$8.64
Upside+165.9%
Quality51/100
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Weak Growth
Loss-making · -20.4% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 13/100
Evidence: Medium Range A$6.53 – A$10.75 Share as image

Fair value as of: Jul 18, 2026

From 10 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from A$8.70 to A$8.64 (−0.7%) since Jul 17, 2026. Share price +13.2% over the past month.

A solid business, screening 166% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (A$6.53). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

A$7.65 A$2.13 Fair Value A$8.64 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range A$2.13 – A$7.65 · fair‑value band A$6.53 – A$10.75 · the A$3.25 price screens below the A$8.64 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Mayne Pharma Group (MYX) currently trades at A$3.25, while our model-based Fair Value estimate is A$8.64, implying the stock looks roughly 165.9% undervalued today. The Quality Score stands at 51/100 (solid 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: medium), always confirm before acting.

Over the trailing twelve months, Mayne Pharma Group generated revenue of A$407M at a net margin of -20.4%. Revenue declined 0.5% year over year. It earns a return on equity of -20.6%. The balance sheet holds a net cash position of A$18.6M. Fundamentals as of Jul 18, 2026

Our scenario range runs from A$6.53 (bear case) to A$10.75 (bull case); at A$3.25, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 50% below its 52-week high and 59% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 2% fair-value upside, at 166%, MYX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$1.06 A$1.49 A$2.17 80
Rev-Margin DCF A$1.09 A$1.64 A$2.79 74
EV/EBITDA A$6.70 A$8.82 A$10.94 54
All 10 models by family
DCF Models
FCF DCF A$1.10 A$1.41 A$2.30 38
5Y Revenue Exit A$1.02 A$1.48 A$2.43 39
5Y EBITDA Exit A$4.72 A$8.95 A$17.27 41
10Y Revenue Exit A$1.03 A$1.74 A$2.16 36
10Y EBITDA Exit A$3.36 A$8.54 A$18.02 37
Multiples
EV/EBITDA A$6.70 A$8.82 A$10.94 54
EV/Revenue A$0.9300 A$1.18 A$1.43 43
Asset-Based
NCAV (Graham) A$2.28 A$3.05 A$4.56 50
Growth DCF
Growth DCF A$1.06 A$1.49 A$2.17 80
Rev-Margin DCF A$1.09 A$1.64 A$2.79 74

Widest divergence: Asset-Based (A$3.05) versus Multiples (A$1.18). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$407M
Revenue growth (YoY) -0.5%
Net margin -20.4%
Return on equity -20.6%
Free cash flow A$5.2M FY2025
Operating margin -10.2%
More key figures
EPS (TTM) A$-1.04
Net cash A$18.6M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 34

Profitability 13
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mayne Pharma Group Limited, a specialty pharmaceutical company, focuses on the commercialization of women's health and dermatology pharmaceuticals in Australia, New Zealand, the United States, Canada, Europe, Asia, and internationally. It operates through three segments: Women's Health, Dermatology, and International.

Full company description

Mayne Pharma Group Limited, a specialty pharmaceutical company, focuses on the commercialization of women's health and dermatology pharmaceuticals in Australia, New Zealand, the United States, Canada, Europe, Asia, and internationally. It operates through three segments: Women's Health, Dermatology, and International. The company provides oral drug delivery systems, as well as contract development and manufacturing services to third-party customers. It also distributes specialty pharmaceutical products in the dermatology, women's health, and infectious disease therapeutic areas. The company was formerly known as Halcygen Pharmaceuticals Limited and changed its name to Mayne Pharma Group Limited in November 2010. Mayne Pharma Group Limited was incorporated in 2005 and is based in Salisbury South, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mayne Pharma Group reported revenue of A$408M in FY2025 versus A$401M in FY2021, a compound +0.5%/yr. Reported net income was −A$93.8M in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$408M
Latest YoY
+5.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+37.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.2%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+55.8%
Revenue +0.5%/yr
FY21 A$401M
FY22 A$157M
FY23 A$184M
FY24 A$388M
FY25 A$408M
Net income
FY21 −A$208M
FY22 −A$281M
FY23 A$117M
FY24 −A$174M
FY25 −A$93.8M

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Cite: Fair Value Calculator (2026). "Mayne Pharma Group Fair Value". https://www.fairvalue-calculator.com/stock/MYX

Peer Group

Medical Distribution · 81 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Above median
Fair Value upside +166% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) -10% · Bottom 25%
Revenue growth -1% · Below median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/B 0.45× · Cheaper than 75% of peers
P/S (TTM) 0.41× · Pricier than median
P/FCF 31.8× · Pricier than 75% of peers
EV/EBITDA 5.1× · Cheaper than median
PEG 2.52× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 32
FUTURE 0 · sector 14
PAST 0 · sector 21
HEALTH 96 · sector 97
DIVIDEND 0 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $805.96 $819.31 +2%
Cencora, Inc COR $303.44 $175.74 -42%
Cardinal Health, Inc CAH $224.94 $141.77 -37%
Henry Schein, Inc HSIC $87.82 $74.67 -15%
Shanghai Pharmaceuticals Holding 601607 ¥16.70 ¥33.96 +103%
Sinopharm Group 1099 HK$16.74 HK$61.33 +266%
Galenica AG GALE CHF 87.05 CHF 61.79 -29%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.50 ¥28.65 +33%
Jointown Pharmaceutical Group 600998 ¥4.99 ¥9.84 +97%
Asker Healthcare Group ASKER kr 79.45 kr 25.69 -68%

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Frequently asked questions

Is Mayne Pharma Group (MYX) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of A$8.64 versus a price of A$3.25, about +166% (undervalued).
What is the fair value of MYX?
Our model-based fair value for Mayne Pharma Group is A$8.64 (as of Jul 18, 2026), built from audited fundamentals. The current price is A$3.25.
What is the quality score of MYX?
Mayne Pharma Group has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Mayne Pharma Group (MYX)?
Mayne Pharma Group reported trailing-twelve-month revenue of about A$407M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MYX?
The net profit margin of Mayne Pharma Group is about -20.4%, meaning it is currently running at a net loss. 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.

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