OTCPK:MODD

Stock Analysis Report

Executive Summary

Modular Medical, Inc., a development stage company, focuses on designing and commercializing insulin pumps for the diabetes market.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Risks

  • Modular Medical is not covered by any analysts.

Share Price & News

How has Modular Medical's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:MODD

0.8%

US Medical Equipment

1.1%

US Market


1 Year Return

n/a

OTCPK:MODD

9.6%

US Medical Equipment

2.1%

US Market

No trading data on MODD.

No trading data on MODD.


Share holder returns

MODDIndustryMarket
7 Day0%0.8%1.1%
30 Dayn/a0.2%3.7%
90 Dayn/a2.7%2.3%
1 Yearn/a10.5%9.6%4.4%2.1%
3 Yearn/a69.5%64.3%47.0%37.4%
5 Yearn/a132.5%105.9%61.6%43.8%

Price Volatility Vs. Market

How volatile is Modular Medical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Modular Medical undervalued based on future cash flows and its price relative to the stock market?

0.77x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Modular Medical to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Modular Medical to establish if it is available at substantial discount.


Price Based on Earnings

Modular Medical is loss making, we can't compare its value to the US Medical Equipment industry average.

Modular Medical is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Modular Medical, we can't assess if its growth is good value.


Price Based on Value of Assets

Modular Medical is good value based on assets compared to the US Medical Equipment industry average.


Next Steps

Future Growth

How is Modular Medical expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.6%

Forecasted Healthcare industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Modular Medical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Modular Medical performed over the past 5 years?

-83.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Modular Medical does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Modular Medical's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Modular Medical's 1-year growth to the US Medical Equipment industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Modular Medical has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Modular Medical has efficiently used its assets last year compared to the US Medical Equipment industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Modular Medical improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Modular Medical's financial position?


Financial Position Analysis

Modular Medical is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Modular Medical has no long term commitments.


Debt to Equity History and Analysis

Modular Medical has no debt.

Modular Medical currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Low level of unsold assets.

Modular Medical has no debt, it does not need to be covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Modular Medical has sufficient cash runway for 2.3 years based on current free cash flow.

Modular Medical has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 104% each year.


Next Steps

Dividend

What is Modular Medical's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Modular Medical's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Modular Medical's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Modular Medical has not reported any payouts.

Unable to verify if Modular Medical's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Modular Medical has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Modular Medical's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average board tenure


CEO

Paul DiPerna (60yo)

2.2yrs

Tenure

US$260,271

Compensation

Mr. Paul M. DiPerna has been Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer at Modular Medical, Inc. since July 24, 2017 and serves as its President. Mr. DiPerna has been the Chi ...


CEO Compensation Analysis

Paul's remuneration is lower than average for companies of similar size in United States of America.

Paul's compensation has increased whilst company is loss making.


Board Age and Tenure

2.2yrs

Average Tenure

53yo

Average Age

The average tenure for the Modular Medical board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$127,20020 Nov 18
Manchester Management Company, LLC
EntityCompany
Shares471,112
Max PriceUS$0.27

Ownership Breakdown


Management Team

  • Paul DiPerna (60yo)

    Chairman of the Board

    • Tenure: 2.2yrs
    • Compensation: US$260.27k

Board Members

  • Paul DiPerna (60yo)

    Chairman of the Board

    • Tenure: 2.2yrs
    • Compensation: US$260.27k
  • Morgan Frank (47yo)

    Director

    • Tenure: 2.4yrs
  • Liam Burns (53yo)

    Director

    • Tenure: 0.7yrs
    • Compensation: US$10.00k

Company Information

Modular Medical, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Modular Medical, Inc.
  • Ticker: MODD
  • Exchange: OTCPK
  • Founded:
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: US$4.289m
  • Shares outstanding: 17.87m
  • Website: https://www.modular-medical.com

Number of Employees


Location

  • Modular Medical, Inc.
  • 800 West Valley Parkway
  • Suite 203
  • Escondido
  • California
  • 92025
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MODDOTCPK (Pink Sheets LLC)YesNew Common StockUSUSDJan 2006

Biography

Modular Medical, Inc., a development stage company, focuses on designing and commercializing insulin pumps for the diabetes market. Its hardware technology allows people with diabetes to receive their dail ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 23:53
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.