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MODU

Modulight Oyj HLSE:MODU Stock Report

Last Price

€4.04

Market Cap

€172.0m

7D

-1.5%

1Y

n/a

Updated

07 Aug, 2022

Data

Company Financials +
MODU fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MODU Stock Overview

Modulight Oyj designs, manufactures, and markets lasers and optics for personalized medicine and other applications.

Modulight Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Modulight Oyj
Historical stock prices
Current Share Price€4.04
52 Week High€17.65
52 Week Low€3.90
Beta0
1 Month Change-2.30%
3 Month Change-12.28%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-63.12%

Recent News & Updates

Shareholder Returns

MODUFI Medical EquipmentFI Market
7D-1.5%3.9%-1.1%
1Yn/a-22.7%-20.2%

Return vs Industry: Insufficient data to determine how MODU performed against the Finnish Medical Equipment industry.

Return vs Market: Insufficient data to determine how MODU performed against the Finnish Market.

Price Volatility

Is MODU's price volatile compared to industry and market?
MODU volatility
MODU Average Weekly Movement5.0%
Medical Equipment Industry Average Movement7.6%
Market Average Movement5.0%
10% most volatile stocks in FI Market9.0%
10% least volatile stocks in FI Market3.4%

Stable Share Price: MODU is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MODU's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200052Seppo Orsilahttps://www.modulight.com

Modulight Oyj designs, manufactures, and markets lasers and optics for personalized medicine and other applications. The company offers medical laser systems, OEM laser solutions, and other laser products. Its products are used in medical applications, such as cancer, ophthalmology, and genetics, drug discovery, and diagnostics; and other custom and industrial applications.

Modulight Oyj Fundamentals Summary

How do Modulight Oyj's earnings and revenue compare to its market cap?
MODU fundamental statistics
Market Cap€171.96m
Earnings (TTM)-€5.06m
Revenue (TTM)€10.65m

16.1x

P/S Ratio

-34.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MODU income statement (TTM)
Revenue€10.65m
Cost of Revenue€5.10m
Gross Profit€5.55m
Other Expenses€10.61m
Earnings-€5.06m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 19, 2022

Earnings per share (EPS)-0.12
Gross Margin52.09%
Net Profit Margin-47.52%
Debt/Equity Ratio12.6%

How did MODU perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MODU 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/Revenue11.1x
Enterprise Value/EBITDA-371.6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

MODU PS Ratio vs Peers
The above table shows the PS ratio for MODU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average6.7x
OPTOMED Optomed Oyj
4.5x24.1%€60.3m
BIOBV Biohit Oyj
3xn/a€28.2m
NXTMH Nexstim
3.6x10.1%€27.5m
REG1V Revenio Group Oyj
15.7x17.8%€1.4b
MODU Modulight Oyj
16.1x20.0%€172.0m

Price-To-Sales vs Peers: MODU is expensive based on its Price-To-Sales Ratio (16.1x) compared to the peer average (6.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: MODU is expensive based on its Price-To-Sales Ratio (16.1x) compared to the Finnish Medical Equipment industry average (4.5x)


Price to Sales Ratio vs Fair Ratio

What is MODU'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.

MODU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio16.1x
Fair PS Ratio3.1x

Price-To-Sales vs Fair Ratio: MODU is expensive based on its Price-To-Sales Ratio (16.1x) compared to the estimated Fair Price-To-Sales Ratio (3.1x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate MODU's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MODU's fair value 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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Future Growth

How is Modulight Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


75.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MODU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: MODU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MODU is expected to become profitable in the next 3 years.

Revenue vs Market: MODU's revenue (20% per year) is forecast to grow faster than the Finnish market (1.7% per year).

High Growth Revenue: MODU's revenue (20% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MODU's Return on Equity is forecast to be low in 3 years time (6.1%).


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Past Performance

How has Modulight Oyj performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-235.6%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: MODU is currently unprofitable.

Growing Profit Margin: MODU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if MODU's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare MODU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MODU is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (23.1%).


Return on Equity

High ROE: MODU has a negative Return on Equity (-6.65%), as it is currently unprofitable.


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Financial Health

How is Modulight Oyj's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MODU's short term assets (€71.7M) exceed its short term liabilities (€3.1M).

Long Term Liabilities: MODU's short term assets (€71.7M) exceed its long term liabilities (€8.2M).


Debt to Equity History and Analysis

Debt Level: MODU has more cash than its total debt.

Reducing Debt: Insufficient data to determine if MODU's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MODU's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if MODU's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Modulight Oyj current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MODU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MODU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MODU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MODU's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MODU has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Seppo Orsila (47 yo)

3.58yrs

Tenure

€213,000

Compensation

Mr. Seppo Orsila served as a Chairman at Modulight, Inc. from 2000 until September 30, 2021. He serves as a Chief Executive Officer at Modulight, Inc. since 2019 and serves as its Non-Independent Director....


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Seppo's total compensation is reasonable compared to companies of similar size in the Finnish market.

Compensation vs Earnings: Seppo's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MODU's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: MODU's board of directors are considered experienced (7.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: MODU only recently listed within the past 12 months.


Top Shareholders

Company Information

Modulight Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Modulight Oyj
  • Ticker: MODU
  • Exchange: HLSE
  • Founded: 2000
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Implied Market Cap: €171.959m
  • Shares outstanding: 42.62m
  • Website: https://www.modulight.com

Number of Employees


Location

  • Modulight Oyj
  • Hermiankatu 22
  • Tampere
  • Pirkanmaa
  • 33720
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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 here.