Envoy Medical, Inc.

NasdaqCM:COCH Stock Report

Market Cap: US$44.7m

Envoy Medical Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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


Key Valuation Metric

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

Key metric: As COCH barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for COCH. This is calculated by dividing COCH's market cap by their current book value.
What is COCH's PB Ratio?
PB Ratio-2.5x
Book-US$18.53m
Market CapUS$44.74m

Price to Book Ratio vs Peers

How does COCH's PB Ratio compare to its peers?

The above table shows the PB ratio for COCH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.9x
OM Outset Medical
0.9x34.2%US$46.0m
APYX Apyx Medical
5.8x32.0%US$54.6m
CTSO Cytosorbents
3.8x53.8%US$49.2m
NVNO enVVeno Medical
1.2x32.9%US$56.3m
COCH Envoy Medical
n/a0.5%US$44.7m

Price-To-Book vs Peers: COCH has negative equity and a Price-To-Book Ratio (-2.5x) compared to the peer average (2.9x).


Price to Book Ratio vs Industry

How does COCH's PB Ratio compare vs other companies in the US Medical Equipment Industry?

27 CompaniesPrice / BookEstimated GrowthMarket Cap
ADGM Adagio Medical Holdings
0.5xn/aUS$37.57m
CODX Co-Diagnostics
0.5x-8.3%US$29.69m
RVP Retractable Technologies
0.2xn/aUS$18.38m
HLTH Cue Health
0.06x51.0%US$14.72m
COCH is unprofitableIndustry Avg. 2.6xNo. of Companies27PB0246810+
27 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: COCH has negative equity and a Price-To-Book Ratio (-2.5x) compared to the US Medical Equipment industry average (2.6x).


Price to Book Ratio vs Fair Ratio

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

COCH PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio-2.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate COCH's Price-To-Book 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?

The above table shows the analyst COCH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.29
US$6.44
+181.1%
21.7%US$8.75US$5.00n/a4
Nov ’25US$2.55
US$7.19
+181.9%
24.0%US$9.00US$5.00n/a4
Oct ’25US$2.67
US$6.58
+146.6%
24.1%US$8.75US$5.00n/a3
Sep ’25US$3.02
US$6.50
+115.2%
22.6%US$8.50US$5.00n/a3
Aug ’25US$2.30
US$6.50
+182.6%
22.6%US$8.50US$5.00n/a3
Jul ’25US$2.38
US$6.50
+173.1%
22.6%US$8.50US$5.00n/a3
Jun ’25US$2.37
US$5.50
+132.1%
9.1%US$6.00US$5.00n/a2
May ’25US$4.43
US$5.50
+24.2%
9.1%US$6.00US$5.00n/a2
Apr ’25US$4.40
US$4.00
-9.1%
25.0%US$5.00US$3.00n/a2
Mar ’25US$6.25
US$4.00
-36.0%
25.0%US$5.00US$3.00n/a2
Feb ’25US$1.20
US$4.00
+233.3%
25.0%US$5.00US$3.00n/a2
Jan ’25US$1.81
US$4.00
+120.9%
25.0%US$5.00US$3.00n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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