Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Biodexa Pharmaceuticals

    MCap

    USD3m

    Last close

    USD5.11

    ▲ 1.61 (46.00%)

    Pharnext

    MCap

    EUR1m

    Last close

    EUR0.10

    ▲ 0.03 (42.86%)

    KEFI Gold and Copper

    MCap

    GBP36m

    Last close

    GBP0.01

    ▲ 0.15 (25.86%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

Creo Medical (AIM: CREO)

Currency in GBP

Last close As at 06/12/2023

GBP0.33

— 0.00 (0.00%)

Market capitalisation

GBP117m

UK-based Creo Medical focuses on the development and commercialisation of minimally invasive electrosurgical devices. Its six products in the flagship CROMA platform have all been CE marked, with five cleared by the FDA. Acquired in 2020, Albyn Medical provides Creo with profitable products and a direct salesforce in Europe.

Creo’s products are in a large and lucrative market. Conmed estimates that the GI endoscopic technologies market is worth c $3.0–3.2bn and the radiofrequency energy-based surgical device market is $2.7–2.9bn pa. Entering the robotics and laparoscopic markets further increases the scale of opportunity open to Creo.

Latest Insights

View More

Healthcare | Flash note

Creo Medical — FDA nod for UltraSlim

Healthcare | Flash note

Creo Medical — Potential UltraSlim upside with swift EU pathway

Healthcare | Update

Creo Medical — Detailed half-yearly reflecting Speedboat traction

Healthcare | edison tv

Creo Medical – executive interview with Craig Gulliford, CEO
creo05
Visit Website

Sector

Healthcare

Equity Analyst

Soo Romanoff

Soo Romanoff

Managing Director - Head of Content, Healthcare

Nidhi Singh

Nidhi Singh

Analyst

Arron Aatkar

Associate analyst

Key Management

  • Craig Gulliford

    CEO

  • David Woods

    Chief commercial officer

  • Rhys Davies

    Communications manager

  • Richard Rees

    CFO

Balance Sheet

Forecast net debt (£m)

5.7

Forecast gearing ratio (%)

9

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (0.8) (0.8) (10.2)
Relative (2.0) (1.3) (8.8)
52 week high/low 37.8p/18.4p

Financials

Creo Medical is developing and commercialising minimally invasive endoscopic electrosurgical devices. Its CROMA advanced energy platform delivers a combination of advanced bipolar radiofrequency and microwave energy for the dissection, resection, ablation and haemostasis of diseased tissue. Its initial focus is on gastrointestinal (GI) tract procedures, expanding into soft tissue (eg pancreas and liver) and pulmonology. It has six advanced energy products CE marked, with five cleared by the FDA. Its first commercially available device, Speedboat Inject, is used across the globe. Additionally, the company has collaboration agreements with two surgical robotic partners, Intuitive and CMR Surgical. Recently, Creo received CE mark for Speedboat Inject for upper GI procedures, broadening the scope to full range of GI procures in the region and FDA approval for its Speedboat UltraSlim device, slimmest version of Speedboat Inject.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2021A 25.2 (20.0) (29.7) (14.58) N/A N/A
2022A 27.2 (20.8) (31.0) (14.85) N/A N/A
2023E 32.8 (20.7) (24.3) (6.57) N/A N/A
2024E 40.8 (11.5) (14.8) (3.49) N/A N/A

Research

creo05

Flash note

Healthcare

Creo Medical — Potential UltraSlim upside with swift EU pathway

Update

Healthcare

Creo Medical — Detailed half-yearly reflecting Speedboat traction
Creo Medical_resized

Healthcare

Flash note

Creo Medical — FDA nod for UltraSlim

Creo Medical_resized

edison tv

Healthcare

Creo Medical – executive interview with Craig Gulliford, CEO

Update

Healthcare

Creo Medical — Growth momentum with core strength
creo05

Flash note

Healthcare

Creo Medical — CE extension nearly doubles addressable GI
creo05

Flash note

Healthcare

Creo Medical — NICE to review Speedboat Inject

Flash note

Healthcare

Creo Medical — New NHS client win for CROMA technology
creo05

Update

Healthcare

Creo Medical — Entering phase of accelerating growth inflection

Flash note

Healthcare

Creo Medical — Albyn Medical stake acquired as wholly owned
creo05

Flash note

Healthcare

Creo Medical — Observational studies to expand capabilities
View All

Thematics

thematic

Healthcare

Deutsches Eigenkapitalforum (EKF) 2023 healthcare
volition01

thematic

Healthcare

VolitionRx – Decoding the DNA of cancer 

thematic

Healthcare

ASCO 2023 key takeaways

thematic

Healthcare

Machine learning in drug development
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free