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Percheron Therapeutics (PER) AI Stock Analysis

AU:PER

Percheron Therapeutics

(ASX:PER)

Select Model
Rating:43Neutral
Price Target:AUD 0.01â–²(0.00% Upside)
Action:upgraded
Date:08/21/26

Percheron Therapeutics receives a low overall score, primarily reflecting the high risks associated with its pre-revenue status, negative earnings, and speculative technical profile. Although management has notably reduced cash burn and maintained a clean, debt-free balance sheet, the continuous erosion of the company's equity base presents significant long-term risks, potentially necessitating future dilutive capital raises to sustain ongoing research and development.

Positive Factors
Low LeverageMinimal debt reduces interest and refinancing pressure, giving Percheron greater financial flexibility as it advances its clinical programs. This limits balance-sheet risk, although it does not remove the need for funding while the company remains pre-commercial.
Negative Factors
No Revenue BaseThe absence of revenue confirms that Percheron has not yet established a commercial product base or recurring operating income. This leaves results dependent on development progress and external capital until a candidate can be approved and commercialized.

Percheron Therapeutics (PER) vs. iShares MSCI Australia ETF (EWA)

Not enough price history over this period.

Market Cap
AUD 4.76M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-0.7
Beta (1Y)
-0.07
Revenue Growth
―
EPS Growth
72.60%
Country
Australia
Employees
8
Sector
Healthcare
Sector Strength
51
Industry
Drug Manufacturers - Specialty & Generic

Percheron Therapeutics Business Overview & Revenue Model

Company Description

Percheron Therapeutics Limited, an Australian enterprise established in 2000 with its headquarters in Melbourne, is dedicated to the research and development of groundbreaking antisense pharmaceuticals. Formerly known as Antisense Therapeutics Limite...

How the Company Makes Money

null

Percheron Therapeutics Financial Statement Overview

Summary

Percheron Therapeutics operates as a pre-revenue clinical-stage biotech. While net losses and cash burn improved significantly in 2026, and the balance sheet remains virtually debt-free, sustained operational losses continue to erode the equity base, pointing to a finite cash runway.

Income Statement

30Negative

Balance Sheet

65Positive

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue000000
Gross Profit-219.56K-219.56K-67.98K-79.42K-95.20K-89.22K
EBITDA-5.40M-5.40M-16.27M-11.84M-13.25M-7.52M
Net Income-4.79M-4.79M-14.92M-11.92M-11.38M-5.81M
Balance Sheet
Total Assets8.22M8.22M12.44M14.53M12.84M22.44M
Cash, Cash Equivalents and Short-Term Investments4.05M4.05M10.17M11.87M10.97M19.23M
Total Debt27.79K27.79K25.86K39.87K142.10K227.40K
Total Liabilities692.18K692.18K2.43M5.17M2.87M1.30M
Stockholders Equity7.53M7.53M10.00M9.36M9.98M21.14M
Cash Flow
Free Cash Flow-4.97M-4.97M-15.65M-10.12M-8.18M-7.81M
Operating Cash Flow-4.96M-4.96M-15.64M-10.12M-8.15M-7.81M
Investing Cash Flow-3.09M-3.09M-7,240-3,606-29.29K-3,913
Financing Cash Flow1.93M1.93M13.95M11.02M-85.30K21.02M

Percheron Therapeutics Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

AU:PER against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:CANAU:CAN53NeutralAUD 8.30M0.3064.70%―-24.22%―
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
AU:LGPAU:LGP45NeutralAUD 49.68M-13.04-1.67%―15.21%-141.82%
AU:VITAU:VIT44NeutralAUD 13.25M-2.98-9.80%―5.74%-222.22%
AU:PERAU:PER43NeutralAUD 5.95M-0.73-65.33%――72.60%
AU:IDTAU:IDT41NeutralAUD 18.20M-6.88-13.81%―5.93%66.32%
AU:PKPAU:PKP39UnderperformAUD 21.43M-5.074388.00%―-19.73%50.34%

* Healthcare Sector Average

Performance Comparison

-60%-40%-20%0%AU:CANAU:LGPAU:PKPAU:IDTAU:VITDec '25Jan '26
AU:PER and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:PERPercheron Therapeutics Limited―――
AU:CANCann Group Ltd.0.01-0.00-9.09%
AU:LGPLittle Green Pharma Ltd.0.06-0.07-53.85%
AU:PKPAlthea Group Holdings Ltd.0.02-0.01-23.81%
AU:IDTIDT Australia Limited0.04-0.02-26.67%
AU:VITCronos Australia Ltd.0.02-0.04-67.74%

Percheron Therapeutics Corporate Events

Percheron Therapeutics Corrects Auditor Report Omission in FY2026 Annual Filing

Aug 19, 2026

Percheron Therapeutics has disclosed that its electronic FY2026 annual report released to the ASX on 19 August 2026 inadvertently omitted the final page of the Independent Auditor’s Report due to an error in the external design and production p...

Percheron Therapeutics Files ASX Corporate Governance Statement and Appendix 4G

Aug 19, 2026

Percheron Therapeutics Limited, an ASX-listed biotechnology company, has published its corporate governance statement for the year ended 30 June 2026 on its website, detailing how it complies with ASX Corporate Governance Council principles. The stat...

Percheron Therapeutics Adds New Shares to ASX Quotation

Aug 14, 2026

Percheron Therapeutics Limited has applied for quotation of 2,850 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of August 14, 2026. The small equity issuance arises from the exercise or conversion of existin...

Percheron Therapeutics names Michael Baker CEO as James Garner moves to non-executive role

Aug 9, 2026

Percheron Therapeutics has announced a leadership transition, with current Chief Executive Officer and Managing Director James Garner set to step down on 31 August 2026 to pursue an overseas opportunity, while remaining on the board as a non-executiv...

Percheron Advances Lead Cancer Drug Minperstobart and Raises $2.2m for New Trial

Jul 30, 2026

Percheron Therapeutics reported continued progress in the June quarter as it advances its lead oncology candidate HMBD-002 toward mid-stage trials. The World Health Organization has granted the drug the provisional international non-proprietary name...

Percheron Completes Manufacture of HMBD-002 Drug Substance for 2026 Trial

Jun 16, 2026

Percheron Therapeutics has completed manufacturing of a new batch of HMBD-002 drug substance, produced under a license agreement by Hummingbird Bioscience, with testing confirming that quality attributes meet expected standards. Final release and con...

Percheron Therapeutics Issues New Tranche of Unquoted Equity Securities

Jun 1, 2026

Percheron Therapeutics has issued 13.75 million unquoted options under the ASX code PERAQ, exercisable at A$0.01 and expiring on April 15, 2028, alongside a further 13.75 million unquoted securities in a new class to be confirmed. The move, executed...

Percheron Therapeutics Plans Issue of 13.75 Million Options to Bolster Capital

May 29, 2026

Percheron Therapeutics has notified the ASX of its intention to issue up to 13,750,000 options, each exercisable at $0.01 and expiring on April 15, 2028. The options are proposed to be issued on June 1, 2026, as part of a placement or other type of s...

WHO assigns proposed nonproprietary name to Percheron’s cancer drug HMBD-002

May 26, 2026

Percheron Therapeutics announced that the World Health Organization has selected “minperstobart” as the proposed international nonproprietary name for its investigational VISTA-targeting cancer therapy HMBD-002. The company expects the na...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 21, 2026