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GENETIC TECHNOLOGIES LIMITED (GTG)

GENETIC TECHNOLOGIES LIMITED (GTG)

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General Information
Company Name: Genetic Technologies Limited
Stock Code: GTG
Website: www.gtglabs.com.au
GICS Sub-Industry: Biotechnology
Market Cap ($M): 79
Equiv. Shares (M): 465

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.170 $ 0.185 $ 0.190 $ 0.170 $ 0.115 14,667,914 $ 0.055  47.826 %

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 30th Aug 2005
12 Month Target Price (average): $0
Brokers Surveyed: 0

Company Overview

Business Description:
Genetic Technologies Limited (GTG) is a biotechnology company engaged in genetic testing service business, licensing international patents and conducting research activities on the impact of DNA on health. GTG has operations in Australia, China, Canada, Switzerland and USA. Its primary focus is diagnostic products for cancer management. GTG provides genetic tests products & services in three areas: Medical, Profiling and Canine.

Strategy Analysis:
GTG are using its patent position on the sequencing of junk DNA (95%) and how it interacts with controlling DNA (5%) to generate licensee revenue. The strategy going forward is to take on the largest US genetics corporation Applera in an effort to force the industry to accept the validity of its patent position. The second strategic direction of the business is to build up a genetic testing business in the Asia Pacific region. This strategy was on the way to being achieved in August 2005; with GTG signing a distribution agreement in Japan for the ACTN3 SportsGene Test. GTG has genetic testing facilities in Australia and provides tests for paternity, breast cancer, athletic performance and forensic testing. It aims to continue to grow the revenue for this business and expand the variety of tests available to the public.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 0.9 0.2 -- 37.1 0.0 0.0 --
2010  A -8.1 -2.1 -- 0.0 0.0 0.0 --
2009  A -8.0 -2.2 -- 0.0 0.0 0.0 --
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
CSL (CSL) $19,341 M 0.0602 0.0718 0.1564 21.7742 20.3160 17.5683 0.0212 0.0226 0.0247
Genetic Technologies (GTG) $53 M -- -- -- 52.2727 -- -- 0.0000 -- --
Mesoblast (MSB) $1,895 M -- -- -- -- 512.3077 -- 0.0000 0.0000 0.0000
Phosphagenics (POH) $179 M -- -- -- 134.6154 -- -- 0.0000 0.0000 0.0000
Starpharma (SPL) $439 M -- -- -- -- -- -- 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
GTG 3.00 77.3 10.43 -- 3.76
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.95 22.0 2.13 7.54 10.31

Directors
Name Position Start Date
Dr Paul MacLeman Chief Executive Officer 04 May 2009
Mr Melvyn John Bridges Non-Executive Chairman 16 December 2011
Mr Huw Jones Non-Executive Director 20 November 2008
Mr Tommas Bonvino Non-Executive Director 25 November 2009
Dr Malcolm Roy Brandon Non-Executive Director 05 October 2009
Dr Mervyn Cass Non-Executive Director 30 September 2011

Management
Name Position
Thomas G Howitt Chief Finance Officer,Company Secretary
Alison J. Mew Chief Operating Officer
Lewis J. Stuart General Manager and President, Phenogen Sciences Inc.
Ivan Jasenko Quality and Regulatory Manager
Dr. David J. Sparling Vice President Legal and Corporate Development
Gregory J. McPherson Vice President Sales and Marketing

Substantial Shareholders
Holding Name
149,849,954 (32.25%) Mervyn Jacobson

Calendar of Events
Date Event
25 February 2013 Report (Interim)
20 November 2012 Report (Annual)
12 October 2012 Report (Annual)
23 August 2012 Report (Prelim)
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