medmix Valuation

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

MEDX (CHF12.32) is trading above our estimate of [[fair value]] (CHF8.21)

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

Valuation Score

2/6

Valuation Score 2/6

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 MEDX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow

Simply Wall St

CHF 8.21

Fair Value

50.0% overvalued

Number of Analysts

Below Fair Value: MEDX (CHF12.32) is trading above our estimate of fair value (CHF8.21)

Significantly Below Fair Value: MEDX is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for MEDX. This is calculated by dividing MEDX's market cap by their current revenue.
What is MEDX's PS Ratio?
PS Ratio	1x
Sales	CHF 483.90m
Market Cap	CHF 502.54m

MEDX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	11.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MEDX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3.5x
METN Metall Zug	1.7x	-5.47%	CHF 472.5m
MED Medartis Holding	4.1x	12.02%	CHF 926.1m
MOVE Medacta Group	4.7x	11.51%	CHF 2.6b
SOON Sonova Holding	3.8x	5.45%	CHF 14.5b
MEDX medmix	1x	3.65%	CHF 502.5m

Price-To-Sales vs Peers: MEDX is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

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

39 Companies	Price / Sales	Estimated Growth	Market Cap

39 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: MEDX is good value based on its Price-To-Sales Ratio (1x) compared to the European Medical Equipment industry average (4x).

Price to Sales Ratio vs Fair Ratio

What is MEDX'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.

MEDX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: MEDX is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

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

The above table shows the analyst MEDX forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 12.32	CHF 19.00 +54.22%	5.26%	CHF 20.00	CHF 18.00	n/a	2
Jun ’26	CHF 10.54	CHF 19.00 +80.27%	5.26%	CHF 20.00	CHF 18.00	n/a	2
May ’26	CHF 10.34	CHF 19.00 +83.75%	5.26%	CHF 20.00	CHF 18.00	n/a	2
Apr ’26	CHF 10.60	CHF 19.00 +79.25%	5.26%	CHF 20.00	CHF 18.00	n/a	2
Mar ’26	CHF 11.22	CHF 22.50 +100.53%	11.11%	CHF 25.00	CHF 20.00	n/a	2
Mar ’25	CHF 15.56	CHF 30.50 +96.02%	1.64%	CHF 31.00	CHF 30.00	CHF 11.22	2
Feb ’25	CHF 17.40	CHF 33.00 +89.66%	6.06%	CHF 35.00	CHF 31.00	CHF 12.28	2
Jan ’25	CHF 19.00	CHF 34.00 +78.95%	2.94%	CHF 35.00	CHF 33.00	CHF 8.80	2
Dec ’24	CHF 18.40	CHF 34.00 +84.78%	2.94%	CHF 35.00	CHF 33.00	CHF 8.60	2
Nov ’24	CHF 18.58	CHF 34.00 +82.99%	2.94%	CHF 35.00	CHF 33.00	CHF 9.80	2
Oct ’24	CHF 23.25	CHF 34.00 +46.24%	2.94%	CHF 35.00	CHF 33.00	CHF 10.02	2
Sep ’24	CHF 26.10	CHF 30.00 +14.94%	19.05%	CHF 35.00	CHF 22.00	CHF 10.48	3
Aug ’24	CHF 24.25	CHF 30.00 +23.71%	19.05%	CHF 35.00	CHF 22.00	CHF 12.12	3
Jul ’24	CHF 23.65	CHF 30.00 +26.85%	21.26%	CHF 35.00	CHF 21.00	CHF 13.76	3
Jun ’24	CHF 20.50	CHF 30.00 +46.34%	21.26%	CHF 35.00	CHF 21.00	CHF 16.82	3

AnalystConsensusTarget

Consensus Narrative from 2 Analysts

CHF 19.00

Fair Value

35.2% undervalued

Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/20 16:37
End of Day Share Price	2025/06/20 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

medmix AG is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christoph Gretler	Credit Suisse
Eugen Perger	Research Partners AG