HBM Healthcare Investments (SIX: HBMN)

Last close As at 04/11/2024

207.00

4.00 (1.97%)

Market capitalisation

EUR1,413m

HBMN aims to generate long-term capital gains through direct investments in emerging private and public companies in biotechnology, human medicine, diagnostics, medical technology and related areas.

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Share Price Performance

Price Performance
% 1M 3M 12M
Actual (1.0) (12.1) (14.5)
Relative (6.0) (12.4) (9.3)
52 week high/low €275.0/€192.2

Overview

HBM Healthcare Investments (HBMN) posted its first NAV loss in a decade for FY22 (ended 31 March), but, as shown in the chart below, its long-term performance record remains very impressive. The recent fall in the share price from a premium to a discount to NAV (10.0% at 20 May) could present an opportunity for long-term investors who, like HBMN’s management team, remain convinced of the long-term opportunities afforded by careful investment in the healthcare and biotechnology space. HBMN is unusual among its peers in offering a portfolio made up of private companies, listed equities and funds, broadly spread by geography and clinical focus, with a high distribution policy (current yield of 3.8%).

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