Carmat (PAR: ALCAR)

Currency in EUR

Last close As at 26/05/2023

EUR8.61

−0.08 (−0.92%)

Market capitalisation

EUR195m

Carmat is developing a biocompatible, artificial heart to satisfy the lack of donor hearts available for terminal heart failure patients. The development process combines the expertise of a wide range of technical and medical experts.

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Healthcare

Carmat: Edison Open House Healthcare 2022

Healthcare

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Share Price Performance

Price Performance
% 1M 3M 12M
Actual (2.4) (21.8) (17.4)
Relative (7.4) (25.3) (27.4)
52 week high/low €14.8/€8.0

Financials

Carmat recently announced that it has implanted nine of its physiologic heart replacement therapies (PHRT) since July, six of which were commercial implants (under the brand name Aeson in the EU) while three were part of the early feasibility study (EFS) in the United States. These nine implants are associated with approximately €2m in product revenue, which will be booked in H221. Importantly, due to the PHRT’s profile, which features autoregulation, pulsatility and hemocompatibility, additional centres are expected to become commercially active in the coming months, which we believe should help drive revenue growth.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2020A 0.0 N/A (38.7) (285.32) N/A N/A
2021A 2.2 N/A (61.9) (402.00) N/A N/A
2022E N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A

Further insights

Healthcare

Total Artificial Hearts

Analyst of the week

Soo Romanoff

Soo Romanoff

Managing Director - Head of Content, Healthcare

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