earnings
confidence high
sentiment positive
materiality 0.80
Royalty Pharma expects 2023 Portfolio Receipts of ~$3.05B, exceeding upper guidance; 11% underlying growth
Royalty Pharma plc
2023-FY EPS reported
$2.53
revenue$2,354,554,000
- Portfolio Receipts for FY2023 expected ~$3.05B, above prior guidance of $2.95B-$3.0B; underlying growth 11% YoY.
- Net cash from operations for FY2023 ~$2.98B-$2.99B.
- Announced transactions since 2020 total ~$13B, including $4.0B in 2023; synthetic royalty transactions at record $775M.
- Capital deployment target of $10B-$12B from 2022-2026; longer-term potential to double annual deployment to $4B-$5B.
- Portfolio investments since 2020 expected to add ~$1.2B to Portfolio Receipts in 2025 based on consensus sales forecasts.