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MDxHealth SA (MDXH.BR) Stock Fundamental Analysis

Europe - EBR:MDXH - BE0974461940 - Common Stock

3.02 EUR
-0.12 (-3.76%)
Last: 12/15/2023, 7:00:00 PM
Fundamental Rating

2

Overall MDXH gets a fundamental rating of 2 out of 10. We evaluated MDXH against 76 industry peers in the Biotechnology industry. Both the profitability and financial health of MDXH have multiple concerns. While showing a medium growth rate, MDXH is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

MDXH had negative earnings in the past year.
In the past 5 years MDXH always reported negative net income.
MDXH had a negative operating cash flow in each of the past 5 years.
MDXH.BR Yearly Net Income VS EBIT VS OCF VS FCFMDXH.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 -10M -20M -30M -40M

1.2 Ratios

Looking at the Return On Assets, with a value of -51.61%, MDXH is doing worse than 63.64% of the companies in the same industry.
With a Return On Equity value of -393.48%, MDXH is not doing good in the industry: 75.32% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -51.61%
ROE -393.48%
ROIC N/A
ROA(3y)-55.15%
ROA(5y)-64.23%
ROE(3y)-343.17%
ROE(5y)-262.12%
ROIC(3y)N/A
ROIC(5y)N/A
MDXH.BR Yearly ROA, ROE, ROICMDXH.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 -100 -200 -300 -400

1.3 Margins

With a decent Gross Margin value of 59.66%, MDXH is doing good in the industry, outperforming 64.94% of the companies in the same industry.
In the last couple of years the Gross Margin of MDXH has declined.
The Profit Margin and Operating Margin are not available for MDXH so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 59.66%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-6.79%
MDXH.BR Yearly Profit, Operating, Gross MarginsMDXH.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 -100 -200 -300

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2

2. Health

2.1 Basic Checks

MDXH does not have a ROIC to compare to the WACC, probably because it is not profitable.
MDXH has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, MDXH has a worse debt to assets ratio.
MDXH.BR Yearly Shares OutstandingMDXH.BR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M
MDXH.BR Yearly Total Debt VS Total AssetsMDXH.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M

2.2 Solvency

MDXH has an Altman-Z score of -3.05. This is a bad value and indicates that MDXH is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of MDXH (-3.05) is worse than 71.43% of its industry peers.
A Debt/Equity ratio of 2.17 is on the high side and indicates that MDXH has dependencies on debt financing.
MDXH has a Debt to Equity ratio of 2.17. This is in the lower half of the industry: MDXH underperforms 75.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.17
Debt/FCF N/A
Altman-Z -3.05
ROIC/WACCN/A
WACC6.93%
MDXH.BR Yearly LT Debt VS Equity VS FCFMDXH.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 20M -20M 40M

2.3 Liquidity

A Current Ratio of 2.43 indicates that MDXH has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.43, MDXH is in line with its industry, outperforming 44.16% of the companies in the same industry.
MDXH has a Quick Ratio of 2.27. This indicates that MDXH is financially healthy and has no problem in meeting its short term obligations.
With a Quick ratio value of 2.27, MDXH perfoms like the industry average, outperforming 44.16% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.43
Quick Ratio 2.27
MDXH.BR Yearly Current Assets VS Current LiabilitesMDXH.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M

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5

3. Growth

3.1 Past

The earnings per share for MDXH have decreased strongly by -16.81% in the last year.
The Revenue has grown by 66.59% in the past year. This is a very strong growth!
Measured over the past years, MDXH shows a decrease in Revenue. The Revenue has been decreasing by -1.77% on average per year.
EPS 1Y (TTM)-16.81%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
Revenue 1Y (TTM)66.59%
Revenue growth 3Y46.47%
Revenue growth 5Y-1.77%
Sales Q2Q%73.48%

3.2 Future

MDXH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 51.91% yearly.
The Revenue is expected to grow by 27.69% on average over the next years. This is a very strong growth
EPS Next Y-6519.8%
EPS Next 2Y-619.83%
EPS Next 3Y-49.87%
EPS Next 5Y51.91%
Revenue Next Year84.81%
Revenue Next 2Y47.5%
Revenue Next 3Y43.11%
Revenue Next 5Y27.69%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MDXH.BR Yearly Revenue VS EstimatesMDXH.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
MDXH.BR Yearly EPS VS EstimatesMDXH.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -5 -10 -15

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0

4. Valuation

4.1 Price/Earnings Ratio

MDXH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for MDXH. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MDXH.BR Price Earnings VS Forward Price EarningsMDXH.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MDXH.BR Per share dataMDXH.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4

4.3 Compensation for Growth

MDXH's earnings are expected to decrease with -49.87% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-619.83%
EPS Next 3Y-49.87%

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0

5. Dividend

5.1 Amount

No dividends for MDXH!.
Industry RankSector Rank
Dividend Yield N/A

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MDxHealth SA

EBR:MDXH (12/15/2023, 7:00:00 PM)

3.02

-0.12 (-3.76%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap82.41M
Revenue(TTM)89.55M
Net Income(TTM)-70039000
Analysts86.67
Price Target8.4 (178.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)86.3%
Min EPS beat(2)82.17%
Max EPS beat(2)90.44%
EPS beat(4)4
Avg EPS beat(4)88.67%
Min EPS beat(4)82.17%
Max EPS beat(4)98.56%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)64.31%
Min Revenue beat(2)6.24%
Max Revenue beat(2)122.37%
Revenue beat(4)4
Avg Revenue beat(4)65.41%
Min Revenue beat(4)6.24%
Max Revenue beat(4)122.37%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)814.71%
PT rev (3m)814.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-889.37%
EPS NY rev (3m)-731.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)1.18%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.01
P/FCF N/A
P/OCF N/A
P/B 5.1
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-1.68
EYN/A
EPS(NY)-4.7
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.98
BVpS0.59
TBVpS-2.08
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -51.61%
ROE -393.48%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 59.66%
FCFM N/A
ROA(3y)-55.15%
ROA(5y)-64.23%
ROE(3y)-343.17%
ROE(5y)-262.12%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-6.79%
F-ScoreN/A
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 2.17
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.43
Quick Ratio 2.27
Altman-Z -3.05
F-ScoreN/A
WACC6.93%
ROIC/WACCN/A
Cap/Depr(3y)43.52%
Cap/Depr(5y)35.7%
Cap/Sales(3y)6.07%
Cap/Sales(5y)4.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.81%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
EPS Next Y-6519.8%
EPS Next 2Y-619.83%
EPS Next 3Y-49.87%
EPS Next 5Y51.91%
Revenue 1Y (TTM)66.59%
Revenue growth 3Y46.47%
Revenue growth 5Y-1.77%
Sales Q2Q%73.48%
Revenue Next Year84.81%
Revenue Next 2Y47.5%
Revenue Next 3Y43.11%
Revenue Next 5Y27.69%
EBIT growth 1Y-41.06%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year37.18%
EBIT Next 3Y24.82%
EBIT Next 5Y22.55%
FCF growth 1Y-63.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-51.31%
OCF growth 3YN/A
OCF growth 5YN/A

MDxHealth SA / MDXH.BR FAQ

Can you provide the ChartMill fundamental rating for MDxHealth SA?

ChartMill assigns a fundamental rating of 2 / 10 to MDXH.BR.


What is the valuation status for MDXH stock?

ChartMill assigns a valuation rating of 0 / 10 to MDxHealth SA (MDXH.BR). This can be considered as Overvalued.


Can you provide the profitability details for MDxHealth SA?

MDxHealth SA (MDXH.BR) has a profitability rating of 1 / 10.


What is the financial health of MDxHealth SA (MDXH.BR) stock?

The financial health rating of MDxHealth SA (MDXH.BR) is 2 / 10.