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GuruFocus Financial Strength Rank measures how strong a companyÂ’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
IPXL's Cash to Debt is ranked higher than
64% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 6.36 vs. IPXL: No Debt )
IPXL' s 10-Year Cash to Debt Range
Min: 0.45   Max: No Debt
Current: No Debt

Equity to Asset 0.713
IPXL's Equity to Asset is ranked higher than
66% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 0.52 vs. IPXL: 0.713 )
IPXL' s 10-Year Equity to Asset Range
Min: -0.37   Max: 0.73
Current: 0.71

-0.37
0.73
Interest Coverage No Debt
IPXL's Interest Coverage is ranked higher than
51% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 10000.00 vs. IPXL: No Debt )
IPXL' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt

F-Score: 4
Z-Score: 6.24
M-Score: -1.35
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 14.30
IPXL's Operating margin (%) is ranked higher than
81% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 8.70 vs. IPXL: 14.30 )
IPXL' s 10-Year Operating margin (%) Range
Min: -1418.7   Max: 44.7
Current: 14.3

-1418.7
44.7
Net-margin (%) 9.6
IPXL's Net-margin (%) is ranked higher than
75% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 6.20 vs. IPXL: 9.6 )
IPXL' s 10-Year Net-margin (%) Range
Min: -1376.3   Max: 28.5
Current: 9.6

-1376.3
28.5
ROE (%) 8.1
IPXL's ROE (%) is ranked higher than
73% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 7.20 vs. IPXL: 8.1 )
IPXL' s 10-Year ROE (%) Range
Min: -426.5   Max: 49.3
Current: 8.1

-426.5
49.3
ROA (%) 6.5
IPXL's ROA (%) is ranked higher than
79% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 4.00 vs. IPXL: 6.5 )
IPXL' s 10-Year ROA (%) Range
Min: -52.1   Max: 36.1
Current: 6.5

-52.1
36.1
ROC (Joel Greenblatt) (%) 29.40
IPXL's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 14.40 vs. IPXL: 29.40 )
IPXL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -231.4   Max: 258.5
Current: 29.4

-231.4
258.5
Revenue Growth (%) 9.7
IPXL's Revenue Growth (%) is ranked higher than
95% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 6.20 vs. IPXL: 9.7 )
IPXL' s 10-Year Revenue Growth (%) Range
Min: -36.6   Max: 115.6
Current: 9.7

-36.6
115.6
EBITDA Growth (%) 15.1
IPXL's EBITDA Growth (%) is ranked higher than
99% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 4.35 vs. IPXL: 15.1 )
IPXL' s 10-Year EBITDA Growth (%) Range
Min: -27.6   Max: 65.1
Current: 15.1

-27.6
65.1
» IPXL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

IPXL Guru Trades in Q2 2012

Chuck Royce 46,037 sh (New)
Steven Cohen 933,940 sh (+42.73%)
Paul Tudor Jones Sold Out
» More
Q3 2012

IPXL Guru Trades in Q3 2012

Paul Tudor Jones 17,200 sh (New)
Jim Simons 11,500 sh (New)
Steven Cohen 1,139,560 sh (+22.02%)
Chuck Royce 46,037 sh (unchged)
» More
Q4 2012

IPXL Guru Trades in Q4 2012

Jim Simons 61,500 sh (+434.78%)
Paul Tudor Jones 18,400 sh (+6.98%)
Chuck Royce Sold Out
Steven Cohen 546,096 sh (-52.08%)
» More
Q1 2013

IPXL Guru Trades in Q1 2013

Jim Simons 913,939 sh (+1386.08%)
Paul Tudor Jones 42,700 sh (+132.07%)
Steven Cohen 96,782 sh (-82.28%)
» More
» Details

Insider Trades

Latest Guru Trades with IPXL

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2012-03-31 Sold Out 0.11%$18.64 - $24.37 $ 18.42-11%0
Joel Greenblatt 2012-03-31 Sold Out 0.05%$18.64 - $24.37 $ 18.42-11%0
Joel Greenblatt 2011-12-31 Reduce -88.51%0.47%$16.53 - $20.75 $ 18.42-1%21057
Joel Greenblatt 2011-09-30 Reduce -40.22%0.38%$15.26 - $21.56 $ 18.42-6%183187
Joel Greenblatt 2011-06-30 Add 446.09%0.76%$20.21 - $28.73 $ 18.42-27%306452
George Soros 2011-06-30 Sold Out $20.21 - $28.73 $ 18.42-27%0
Joel Greenblatt 2011-03-31 Reduce -78.32%1.55%$20.11 - $25.52 $ 18.42-19%56118
John Hussman 2011-03-31 Add 20.21%0.02%$20.11 - $25.52 $ 18.42-19%339000
George Soros 2011-03-31 Reduce -41.13%$20.11 - $25.52 $ 18.42-19%13600
Joel Greenblatt 2010-12-31 New Buy1.7%$17.91 - $21.86 $ 18.42-7%258801
John Hussman 2010-12-31 Add 176.47%0.06%$17.91 - $21.86 $ 18.42-7%282000
George Soros 2010-12-31 New Buy0.01%$17.91 - $21.86 $ 18.42-7%23100
John Hussman 2010-09-30 New Buy0.03%$15.63 - $19.79 $ 18.426%102000
George Soros 2010-06-30 Sold Out $16.66 - $21.62 $ 18.42-4%0
George Soros 2010-03-31 New Buy$13 - $18.05 $ 18.4223%17400
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry
vs
history
P/E(ttm) 8.40
IPXL's P/E(ttm) is ranked higher than
79% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 29.76 vs. IPXL: 8.40 )
IPXL' s 10-Year P/E(ttm) Range
Min: 4.03   Max: 270.57
Current: 8.4

4.03
270.57
P/B 1.83
IPXL's P/B is ranked higher than
70% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 3.00 vs. IPXL: 1.83 )
IPXL' s 10-Year P/B Range
Min: 1.32   Max: 18.21
Current: 1.83

1.32
18.21
P/S 2.09
IPXL's P/S is ranked higher than
51% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 2.32 vs. IPXL: 2.09 )
IPXL' s 10-Year P/S Range
Min: 1.17   Max: 82.81
Current: 2.09

1.17
82.81
EV-to-EBIT 13.48
IPXL's EV-to-EBIT is ranked higher than
82% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 21.70 vs. IPXL: 13.48 )
IPXL' s 10-Year EV-to-EBIT Range
Min: 1.8   Max: 628.6
Current: 13.48

1.8
628.6
PEG 0.13
IPXL's PEG is ranked lower than
62% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 1.23 vs. IPXL: 0.13 )
IPXL' s 10-Year PEG Range
Min: 0   Max: 0.4
Current: 0.13

0
0.4
Shiller P/E 13.36
IPXL's Shiller P/E is ranked higher than
96% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 30.12 vs. IPXL: 13.36 )
IPXL' s 10-Year Shiller P/E Range
Min: 11.19   Max: 125.88
Current: 13.36

11.19
125.88

Valuation & Return

vs
industry
vs
history
Price/Net Cash 10
IPXL's Price/Net Cash is ranked higher than
94% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 9.70 vs. IPXL: 10 )
IPXL' s 10-Year Price/Net Cash Range
Min: 8.1   Max: 11.1
Current: 10

8.1
11.1
Price/Net Current Asset Value 10.9
IPXL's Price/Net Current Asset Value is ranked higher than
82% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 10.20 vs. IPXL: 10.9 )
IPXL' s 10-Year Price/Net Current Asset Value Range
Min: 5.3   Max: 134.4
Current: 10.9

5.3
134.4
Price/Tangible Book 2.1
IPXL's Price/Tangible Book is ranked higher than
66% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 3.40 vs. IPXL: 2.1 )
IPXL' s 10-Year Price/Tangible Book Range
Min: 2.3   Max: 23.6
Current: 2.1

2.3
23.6
Price/DCF (Projected) 1.8
IPXL's Price/DCF (Projected) is ranked higher than
89% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 1.60 vs. IPXL: 1.8 )
IPXL' s 10-Year Price/DCF (Projected) Range
Min: 1.9   Max: 2.1
Current: 1.8

1.9
2.1
Price/Median PS Value 0.4
IPXL's Price/Median PS Value is ranked higher than
60% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 0.70 vs. IPXL: 0.4 )
IPXL' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 15.3
Current: 0.4

0.3
15.3
Price/Graham Number 1.4
IPXL's Price/Graham Number is ranked higher than
73% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 2.30 vs. IPXL: 1.4 )
IPXL' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 1.8
Current: 1.4

0.8
1.8
Earnings Yield (Greenblatt) 7.40
IPXL's Earnings Yield (Greenblatt) is ranked higher than
85% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 5.90 vs. IPXL: 7.40 )
IPXL' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 55.9
Current: 7.4

0.2
55.9
Forward Rate of Return (Yacktman) 1.81
IPXL's Forward Rate of Return (Yacktman) is ranked higher than
99% of the 375 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 9.82 vs. IPXL: 1.81 )
IPXL' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5.7   Max: 2.6
Current: 1.81

-5.7
2.6

Business Description

Impax Laboratories, Inc. was incorporated in the State of Delaware in 1995. It is a technology-based, specialty pharmaceutical company focused on the development and commercialization of bioequivalent and brand-name pharmaceuticals, utilizing its controlled-release and other in-house development and formulation expertise. Bioequivalent pharmaceuticals, commonly referred to as 'generics,' are the pharmaceutical and therapeutic equivalents of brand-name drug products and are usually marketed under its established nonproprietary drug names rather than by a brand name. Bioequivalent pharmaceuticals contain the same active ingredient and are of the same route of administration, dosage form, strength and indication(s) as brand-name pharmaceuticals already approved for use in the United States by the Food and Drug Administration ('FDA'). In the generic pharmaceuticals market, it focuses its efforts on controlled-release generic versions of selected brand-name pharmaceuticals covering a range of therapeutic areas and having technically challenging drug-delivery mechanisms or limited competition. The Company has two reportable segments, referred to as the 'Global Pharmaceuticals Division', ('Global Division') and the 'Impax Pharmaceuticals Division', ('Impax Division'). The Global Division develops, manufactures, sells, and distributes generic pharmaceutical products mainly through four sales channels: the 'Global products' sales channel, for generic pharmaceutical prescription products the Company sells directly to wholesalers, large retail drug chains, and others; the 'Private Label' sales channel, for generic pharmaceutical over-the-counter ('OTC') and prescription products the Company sells to unrelated third-party customers who in-turn sell the product to third parties under its own label; the 'Rx Partner' sales channel, for generic prescription products sold through unrelated third-party pharmaceutical entities under its own label pursuant to alliance agreements; and the 'OTC Partner' sales channel, for sales of generic pharmaceutical OTC products sold through unrelated third-party pharmaceutical entities under its own label pursuant to alliance agreements. The Company's Impax Division is engaged in the development of proprietary brand pharmaceutical products through improvements to already approved pharmaceutical products to address central nervous system ('CNS') disorders. The Impax Division is also engaged in the co-promotion through a direct sales force focused on marketing to physicians, mainly in the CNS community, pharmaceutical products developed by other unrelated third-party pharmaceutical entities. The Company markets and sells its generic pharmaceutical prescription drug products within the continental United States of America and the Commonwealth of Puerto Rico. The active chemical raw materials, essential to its business, are generally readily available from multiple sources in the U.S. and throughout the world. generi
Company Website
SEC Reports
Industry: Drug Manufacturers - Specialty & Generic
Compare:TKPYY, TEVA, AGN, FRX, MRX
Traded in other countries:ILR.Germany

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