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Company Overview Medinotec Inc. was registered on April 26, 2021, in the State of Nevada. With an effective date of April 26, 2022, we acquired DISA Medinotec Propriety Limited, a South African corporation, from Minoan Medical Proprietary Limited ("Minoan"), a company incorporated in South Africa, and owner of all the capital stock of DISA Medinotec Propriety Limited.
11.25% operating margin is respectable but not wide. ROIC at 17.23%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 6.8%, steady but not accelerating. Margins contracted 23.8pp, which offsets some of the top-line progress.
ROIC dropped from 77.07% to 17.23%, capital efficiency is deteriorating. Operating margin contracted 23.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$10M
▲ +6.8% YoY
Net Income (TTM)
$795K
▼ -63.2% YoY
Op. Margin
11.25%
▼ -23.8pp YoY
ROIC
17.23%
▼ -59.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$905K
▲ +14.8% YoY
Op. Cash Flow (TTM)
$907K
▲ +3.3% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$3M
3Y CAGR: +113.5%
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