MYX 3.54% 58.5¢ mayne pharma group limited

The threat of price erosion?, page-2

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    Historically MYX has some 25% operating margins pre 2017, then it begun its acquisitions.

    With acquisitions comes financial leverage and with financial leverage comes deterioration in margins that has fallen from 25.29% (2016) to 13.03%.(2019 estimate)

    Having said that though book value pre acquisitions (2016) was 45c after two years, book value is now 84.5c so the company has actually grown substantially since 2016.

    Margins are the problem and always are with acquisitions. If we witness good revenue growth it should see better margins. MYX is a very difficult company to compete with on a global scale due to numerous factors.
 
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