PREPrenetics Global Limited

$22.08+54% 1Y

Is the business good?

How good a business is PRE?

Prenetics Global Limited earns −35% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−35%

Return on invested capital · cost of capital 9.0% · 44 points below what the capital costs: growth destroys value

Operating margin
−157%

Operating margin · Diagnostics & Research median 3.6% · fiscal year to FY2024

Share count, year on year
+11%

Share count, year on year · shareholders own a smaller slice than a year ago

R&D as % of revenue
36%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY2020−1.5%
FY2021−452%
FY2022−502%
FY2023−239%
FY2024−157%
Details›
Gross marginfiscal year to FY2024
50%
Operating marginfiscal year to FY2024
−157%
Net marginfiscal year to FY2024
−151%
Free cash flow margin
−98%
R&D as % of revenue
36%
Revenue, trailing twelve months
$31M
Free cash flow, trailing twelve months
−$30M
Net income, trailing twelve months
−$46M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−35%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.