Psychemedics Valuation

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

PMD ($2.34) is trading above our estimate of [[fair value]] ($0.12)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: PMD ($2.34) is trading above our estimate of fair value ($0.12)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PMD. This is calculated by dividing PMD's market cap by their current revenue.
What is PMD's PS Ratio?
PS Ratio	0.7x
Sales	US$20.26m
Market Cap	US$13.79m

PMD 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	0.7x
Enterprise Value/EBITDA	-7.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PMD 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	0.4x
VVOS Vivos Therapeutics	1x	22.9%	US$14.1m
PAIY.Y Aesthetic Medical International Holdings Group	0.1x	n/a	US$12.0m
IDXG Interpace Biosciences	0.3x	n/a	US$11.7m
LIFW MSP Recovery	0.3x	n/a	US$10.2m
PMD Psychemedics	0.7x	n/a	US$13.8m

Price-To-Sales vs Peers: PMD is expensive based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does PMD's PS Ratio compare vs other companies in the US Healthcare Industry?

30 Companies	Price / Sales	Estimated Growth	Market Cap
MCK McKesson	0.2x	8.1%	US$79.75b
CVS CVS Health	0.2x	4.6%	US$71.86b
COR Cencora	0.2x	6.4%	US$48.16b
CNC Centene	0.2x	5.5%	US$30.47b

30 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PMD is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Healthcare industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is PMD'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.

PMD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PMD'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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