Modular Medical Stock Fundamentals
| MODD Stock | USD 1.68 0.26 13.40% |
Modular Medical fundamentals help investors to digest information that contributes to Modular Medical's financial success or failures. It also enables traders to predict the movement of Modular Stock. The fundamental analysis module provides a way to measure Modular Medical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Modular Medical stock.
At present, Modular Medical's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 18.4 M, whereas Operating Income is projected to grow to (16.7 M). Modular | Select Account or Indicator |
Modular Medical Company Return On Asset Analysis
Modular Medical's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Modular Medical Return On Asset | -0.95 |
Most of Modular Medical's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Modular Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Modular Total Assets
Total Assets |
|
Based on the latest financial disclosure, Modular Medical has a Return On Asset of -0.9477. This is 89.17% lower than that of the Health Care Equipment & Supplies sector and 94.76% lower than that of the Health Care industry. The return on asset for all United States stocks is notably higher than that of the company.
Modular Medical Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Modular Medical's current stock value. Our valuation model uses many indicators to compare Modular Medical value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Modular Medical competition to find correlations between indicators driving Modular Medical's intrinsic value. More Info.Modular Medical is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At present, Modular Medical's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Modular Medical by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Modular Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Modular Medical's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Modular Medical could also be used in its relative valuation, which is a method of valuing Modular Medical by comparing valuation metrics of similar companies.Modular Medical is currently under evaluation in return on asset category among its peers.
Modular Medical Current Valuation Drivers
We derive many important indicators used in calculating different scores of Modular Medical from analyzing Modular Medical's financial statements. These drivers represent accounts that assess Modular Medical's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Modular Medical's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 22.1M | 23.0M | 30.0M | 15.8M | 14.2M | 14.9M | |
| Enterprise Value | 19.2M | 24.4M | 21.1M | 13.5M | 12.2M | 12.8M |
Modular Fundamentals
| Return On Equity | -1.83 | ||||
| Return On Asset | -0.95 | ||||
| Current Valuation | 68.33 M | ||||
| Shares Outstanding | 34.57 M | ||||
| Shares Owned By Insiders | 10.04 % | ||||
| Shares Owned By Institutions | 44.11 % | ||||
| Number Of Shares Shorted | 648.34 K | ||||
| Price To Book | 10.30 X | ||||
| EBITDA | (17.1 M) | ||||
| Net Income | (17.47 M) | ||||
| Cash And Equivalents | 13.7 M | ||||
| Cash Per Share | 1.25 X | ||||
| Total Debt | 1.19 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 14.09 X | ||||
| Book Value Per Share | 0.35 X | ||||
| Cash Flow From Operations | (13.95 M) | ||||
| Short Ratio | 8.97 X | ||||
| Earnings Per Share | (0.65) X | ||||
| Target Price | 8.0 | ||||
| Number Of Employees | 39 | ||||
| Beta | -3.76 | ||||
| Market Capitalization | 67.07 M | ||||
| Total Asset | 13.81 M | ||||
| Retained Earnings | (65.93 M) | ||||
| Working Capital | 8.24 M | ||||
| Net Asset | 13.81 M |
About Modular Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Modular Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Modular Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Modular Medical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -304.5 M | -319.7 M | |
| Cost Of Revenue | 768 K | 806.4 K |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Modular Medical is a strong investment it is important to analyze Modular Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Modular Medical's future performance. For an informed investment choice regarding Modular Stock, refer to the following important reports:Check out Modular Medical Piotroski F Score and Modular Medical Altman Z Score analysis. For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Modular Medical. If investors know Modular will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Modular Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Return On Assets (0.95) | Return On Equity (1.83) |
The market value of Modular Medical is measured differently than its book value, which is the value of Modular that is recorded on the company's balance sheet. Investors also form their own opinion of Modular Medical's value that differs from its market value or its book value, called intrinsic value, which is Modular Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Modular Medical's market value can be influenced by many factors that don't directly affect Modular Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Modular Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modular Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modular Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.