Immutep Ltd ADR logo

Immutep Ltd ADR(IMMP)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$4.06
10/07/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for IMMP

10/07/2026: IMMP (1-star) is currently NOT-A-BUY. Pass it for now.

Immutep Ltd is a clinical-stage biotechnology company focused on developing novel LAG-3-based immunotherapies for cancer. Its primary asset, eftilagimod alpha, is currently in late-stage clinical trials, representing the core value proposition for investors. The company's main strengths lie in its specialized research focus and strategic industry partnerships. However, the investment story carries substantial risks, including the absence of commercial revenue, inherent clinical failure risk, and intense competition from large-cap pharmaceutical giants. Immutep is likely best suited for high-risk growth investors who monitor clinical trial readouts and partnership news, as the stock's performance is closely tied to these periodic scientific milestones.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThis is a high-risk, high-reward bet on clinical success rather than established growth metrics.
Momentum investorStrong fit while signal remains positiveThe stock often reacts strongly to clinical news and partnership announcements.
Value investorWeak fitTraditional valuation metrics are not applicable to pre-revenue biotechs.
Dividend investorWeak fitThe company does not pay a dividend and focuses on cash preservation.
Low-risk investorWeak fitExtreme volatility and clinical failure risk are not suitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical trial results can cause significant and rapid price fluctuations.
Valuation riskMedium / highValuations are based on long-term clinical expectations rather than current cash flow.
Competition risk (Checkpoint Inhibitors)HighEstablished players have more resources and deeper clinical presence.
Business qualityMediumThe company relies on intellectual property and scientific R&D success.
Dividend incomeLow / noneNo capital is returned to shareholders via dividends.
Execution riskHighDevelopment of drug candidates involves high rates of failure in clinical trials.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -89.61%
Avg. Invested days 26
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/07/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
IMMP receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
IMMP has moderate overall fundamentals (3 stars), with moderate financial health, solid growth momentum, and moderate ownership. In FY2026 versus FY2025, strong revenue growth (+182.3%) is partially offset by negative earnings growth (-26.3%), weak cash generation (FCF margin -381.7%), weak profitability (net margin -544.8%).

Financial Health Rating

★★★★★
IMMP's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 79.8%). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is IMMP's strongest growth driver at +182.3% FY2026 versus FY2025 (strong, 5 stars). By comparison, free-cash-flow growth (+12.5%, solid) is also solid, while earnings growth (-26.3%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 1.1% (soft) and 93.6% of outstanding shares are publicly tradable (strong). Insider ownership is only 0.01%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 0.50%
JustInvest LLC 0.24%
Marshall Wace Asset Management Ltd 0.06%
Two Sigma Investments LLC 0.05%
Mariner Wealth Advisors LLC 0.05%

Unit Economics (Per $1K Revenue)

★★★★★
IMMP generates approximately $830 of gross profit, $-5,762 of operating income, and $-3,817 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
IMMP has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 31.98M USD
Price to earnings Ratio -
1Y Target Price 30
Price to earnings Ratio -
1Y Target Price 30
Volume (30-day avg) 21.3K shares
Beta 2.3
52 Weeks Range 4.04 - 66.39
Updated Date 10/06/2026
52 Weeks Range 4.04 - 66.39
Updated Date 10/06/2026
Dividends yield (FY) -
Basic EPS (TTM) -7.41

How Company Makes Money

Business areaWhat it includesRetail investor read
Clinical Licensing/PartnershipsCollaborations with large pharmaceutical companies for research and development.The company earns money primarily through milestone payments from partners, not selling products.
Advertisement

Valuation

Trailing PE -
Forward PE 7.13
Enterprise Value -5.26M
Price to Sales(TTM) 1.6
Enterprise Value -5.26M
Price to Sales(TTM) 1.6
Enterprise Value to Revenue 0.1
Enterprise Value to EBITDA -2.94
Shares Outstanding 7.37M
Shares Floating 6.89M
Shares Outstanding 7.37M
Shares Floating 6.89M
Percent Insiders 0.01
Percent Institutions 1.13

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Immutep Ltd ADR

Exchange NASDAQ
Headquarters Sydney, NSW, Australia
IPO Launch date 2012-04-17
CEO, MD, CFO, Chief Business Officer & Executive Director Mr. Marc Voigt
Sector Healthcare
Industry Biotechnology
Full time employees -
Full time employees -

Immutep Limited, a clinical-stage biotechnology company, develops lymphocyte activation gene-3 (LAG-3) related immunotherapies for cancer and autoimmune diseases in Australia. The company's lead product candidate is the eftilagimod alfa (efti or IMP321), a soluble LAG-3lg fusion based on the LAG-3 immune control mechanism for the treatment of cancer. Its product pipeline also includes AIPAC-003, which has completed an integrated Phase II/III clinical trial for the treatment of metastatic breast cancer; TACTI-003, which has completed a Phase IIb clinical trial to treat first line head and neck squamous cell carcinoma (1L HNSCC); an investigator-initiated Phase II trial evaluating neoadjuvant efti as monotherapy and in combination with chemotherapy prior to surgery in patients with early-stage HR+/HER2-negative breast cancer; and EFTISARC-NEO, which is in a Phase II clinical trial for the treatment of soft tissue sarcoma. In addition, the company develops INSIGHT-003, which is in a Phase I trial for 1L non squamous non-small cell lung cancer (NSCLC); EOC 202, which has completed a Phase I trial for metastatic breast cancer; IMP761, an agonist LAG-3 antibody in a Phase I trial; IMP731, a LAG-3 depleting antibody that has completed a Phase II trial for ulcerative colitis and a Phase I trial for psoriasis; and ieramilimab/LAG525/IMP701, which are anti-LAG-3 antagonist antibodies. It has collaborations with Merck & Co., Inc., Institute of Clinical Cancer Research (IKF) at Krankenhaus Nordwest, the Maria Sklodowska-Curie National Research Institute of Oncology, EOC Pharma, Dr Reddy's Laboratories, Monash University, and George Washington University. The company was formerly known as Prima BioMed Ltd and changed its name to Immutep Limited in November 2017. Immutep Limited was incorporated in 1987 and is based in Sydney, Australia.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.