OTCPK:MYDX

Stock Analysis Report

Executive Summary

MyDx, Inc., a science and technology company, develops products and services focusing on the cannabis industry.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MYDX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

MYDX

-7.1%

US Electronic

-7.4%

US Market


1 Year Return

-95.8%

MYDX

-0.05%

US Electronic

10.5%

US Market

Return vs Industry: MYDX underperformed the US Electronic industry which returned -0% over the past year.

Return vs Market: MYDX underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

MYDXIndustryMarket
7 Day0%-7.1%-7.4%
30 Day0%-8.4%-3.6%
90 Day-50.0%-7.5%-0.6%
1 Year-95.8%-95.8%0.9%-0.05%12.8%10.5%
3 Year-93.3%-93.3%26.1%22.6%37.4%28.6%
5 Yearn/a56.5%48.8%61.3%43.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is MyDx undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether MyDx is trading at an attractive price based on the cash flow it is expected to produce in the future. But as MyDx has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MYDX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through MyDx regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

How is MyDx forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.2%

Forecasted Tech 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 MyDx 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

  • Take a look at our analysis of MYDX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access MyDx's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has MyDx performed over the past 5 years?

0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MYDX is currently unprofitable.

Growing Profit Margin: MYDX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MYDX is unprofitable, but has reduced losses over the past 5 years at a rate of 0.3% per year.

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

Earnings vs Industry: MYDX is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (12%).


Return on Equity

High ROE: MYDX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is MyDx's financial position?


Financial Position Analysis

Short Term Liabilities: MYDX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MYDX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MYDX has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MYDX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: MYDX has a high level of physical assets or inventory.

Debt Coverage by Assets: MYDX has negative shareholder equity (liabilities exceed assets) therefore debt is not 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.

Stable Cash Runway: MYDX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MYDX has less than a year of cash runway if free cash flow continues to grow at historical rates of 37.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MYDX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.8yrs

Average board tenure


CEO

Daniel Yazbeck (41yo)

0.3yrs

Tenure

US$204,000

Compensation

Mr. Daniel Rida Yazbeck founded MyDx, Inc. in 2013 and has been its Chairman since April 30, 2015. Mr. Yazbeck has been Interim Chief Executive Officer and Interim Chief Financial Officer of MyDx, Inc. sin ...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD204.00K) is below average for companies of similar size in the US market ($USD524.26K).

Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Daniel Yazbeck
Founder0.3yrsUS$204.00k29.71% $178.9k
Heinrich Dreismann
Chairman of the Executive Advisory Board1.8yrsno datano data
Justin Vincent
Head of Scientific Advisory Board1.3yrsno datano data

1.8yrs

Average Tenure

Experienced Board: MYDX's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 82%.


Top Shareholders

Company Information

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


Key Information

  • Name: MyDx, Inc.
  • Ticker: MYDX
  • Exchange: OTCPK
  • Founded: 2012
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$602.180k
  • Shares outstanding: 6.02b
  • Website: https://www.mydxlife.com

Number of Employees


Location

  • MyDx, Inc.
  • 6335 Ferris Square
  • Suite B
  • San Diego
  • California
  • 92121
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MYDXOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 2015

Biography

MyDx, Inc., a science and technology company, develops products and services focusing on the cannabis industry. It focuses on four business segments: Consumer Products, Data Analytics, Biopharmaceutical, and Software as a Service (SaaS). The Consumer Products segment provides smart devices and consumables, including CannaDx sensors, delivery devices, and MyDx 2 sensors. The Data Analytics segment offers pre-clinical chemical analysis and patient feedback ecosystem. The Biopharmaceutical segment engages in identifying, licensing, and selling green active pharmaceutical ingredients and corresponding formulations. The SaaS segment provides software services for prescribers, patient groups, cultivators, and regulators. The company distributes its products through various channels, including e-commerce via the company’s Website, direct to retail, amazon.com, and sales through affiliate partners. MyDx, Inc. was founded in 2012 and is based in San Diego, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:24
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.