Evome Medical Technologies Inc.

TSXV:EVMT Stock Report

Market Cap: CA$11.6m

Evome Medical Technologies Valuation

Is EVMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EVMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EVMT (CA$0.13) is trading below our estimate of fair value (CA$2.33)

Significantly Below Fair Value: EVMT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EVMT?

Key metric: As EVMT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for EVMT. This is calculated by dividing EVMT's market cap by their current revenue.
What is EVMT's PS Ratio?
PS Ratio0.2x
SalesCA$54.86m
Market CapCA$11.57m

Price to Sales Ratio vs Peers

How does EVMT's PS Ratio compare to its peers?

The above table shows the PS ratio for EVMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average39.3x
NGMD NuGen Medical Devices
56.5xn/aCA$19.6m
PINK Perimeter Medical Imaging AI
61.3x63.4%CA$56.0m
MDX MedX Health
38.2xn/aCA$14.9m
NSCI Nanalysis Scientific
1xn/aCA$43.0m
EVMT Evome Medical Technologies
0.2xn/aCA$11.6m

Price-To-Sales vs Peers: EVMT is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (37.6x).

Price to Sales Ratio vs Industry

How does EVMT's PS Ratio compare vs other companies in the CA Medical Equipment Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.2x8.3%
EVMT Evome Medical Technologies
 0.2xn/aUS$8.27m
HTL Hamilton Thorne
3.2x9.1%US$248.02m
NSCI Nanalysis Scientific
1.1xn/aUS$29.57m
EVMT 0.2xIndustry Avg. 3.2xNo. of Companies8PS020406080100+
8 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.2x17.1%
EVMT Evome Medical Technologies
 0.2xn/aUS$8.27m
No more companies

Price-To-Sales vs Industry: EVMT is good value based on its Price-To-Sales Ratio (0.2x) compared to the North American Medical Equipment industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is EVMT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EVMT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate EVMT's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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