Pro-Dex Valuation

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

PDEX ($46.75) is trading below our estimate of [[fair value]] ($277.66)

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PDEX ($46.75) is trading below our estimate of fair value ($277.66)

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

Key Valuation Metric

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

Key metric: As PDEX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PDEX. This is calculated by dividing PDEX's market cap by their current earnings.
What is PDEX's PE Ratio?
PE Ratio	29.3x
Earnings	US$5.21m
Market Cap	US$152.37m

PDEX 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	2.8x
Enterprise Value/EBITDA	16.6x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does PDEX's PE Ratio compare to its peers?

The above table shows the PE ratio for PDEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.8x
KEQU Kewaunee Scientific	6.8x	n/a	US$125.5m
SRTS Sensus Healthcare	15.6x	26.0%	US$145.7m
ZJYL Jin Medical International	57.1x	n/a	US$165.9m
FONR FONAR	11.5x	n/a	US$105.2m
PDEX Pro-Dex	29.3x	18.2%	US$152.4m

Price-To-Earnings vs Peers: PDEX is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the peer average (22.8x).

Price to Earnings Ratio vs Industry

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

5 Companies	Price / Earnings	Estimated Growth	Market Cap
MHUA Meihua International Medical Technologies	2x	n/a	US$18.77m
PAVM PAVmed	0.7x	-77.8%	US$10.99m
RTSL Rapid Therapeutic Science Laboratories	0.3x	n/a	US$18.99k
UTRS Minerva Surgical	n/a	n/a	US$8.00

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PDEX is good value based on its Price-To-Earnings Ratio (29.3x) compared to the US Medical Equipment industry average (37.2x).

Price to Earnings Ratio vs Fair Ratio

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

PDEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	29.3x
Fair PE Ratio	24.2x

Price-To-Earnings vs Fair Ratio: PDEX is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).

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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