Medinotec Inc.

MDNC

Medinotec Inc. engages in the research and development, production, and sale of medical devices used in cardiology and airway-related procedures in South Africa, the United States, and internationally. The company offers semi-compliant percutaneous transluminal coronary angioplasty balloon catheters, suction dissectors, aortic perfusion and dilation catheters, chronic total occlusion catheters, and silicone tracheal stents; and distributes a range of cardiology and renal dialysis products.

About the company

Country: United StatesPrice: $5.00Market Cap: $58.8M

Investment snapshot

24%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

2 / 10

NEUTRAL / FAIL

Median fair value

$1.13

-77.4% vs price

Models with upside

0 / 17

Positive margin of safety

Strongest signal

10 of 12 pass — Graham and Lynch object

Key risk

No clean pass — all 16 investors flag at least one profitability criterion

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	PASS	FAIL	FAIL · Rank #1314 (Top 42.4%)	NEUTRAL	FAIL	PASS	FAIL	PASS	FAIL	FAIL	FAIL	PASS	FAIL	FAIL	FAIL	NEUTRAL
Score
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Intrinsic Value (annual)	N/A		N/A		N/A	N/A				N/A		N/A	N/A	N/A	N/A	N/A	N/A
Margin of Safety	N/A	-468.2%	N/A	-358.7%	N/A	N/A	-257.1%	-327.4%	-1685.7%	N/A	-81.2%	N/A	N/A	N/A	N/A	N/A	N/A
Financial Basis	TTM ended 2026-08-31 · Balance sheet at 2026-08-31 · Annual history · FY 2025 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-08-31 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-08-31 · TTM ended 2026-08-31 vs 2025-08-31 · TTM ended 2026-08-31 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-05-28 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-05-28 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-08-31 · Balance sheet at 2026-08-31 · Market data at 2026-11-01 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-08-31 · Balance sheet at 2026-08-31 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-05-28 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-08-31 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-08-31 · Qualitative assessment Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-08-31 · Balance sheet at 2026-08-31 · Market data at 2026-11-01 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-08-31 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-05-28 Score computed: 2026-11-14	TTM ended 2026-08-31 · Balance sheet at 2026-08-31 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-10-08 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-05-28 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-08-31 Latest source filing: 2026-10-08 Score computed: 2026-11-14	TTM ended 2026-08-31 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-10-08 Score computed: 2026-11-14

Where It Passes

Debt & Leverage83% pass✓ 13✗ 2▾
10 of 12 pass — Graham and Lynch object
LT Debt vs Net Current Assets
✗GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: 0.00, IC: 21.8x
✓BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity0
✓Lynch< 0.33
Cash - Long-term Debt
✗LynchPositive preferred
LT Debt / Total Assets Change0.00% -> 0.00%
✓PiotroskiDecreased YoY
Current Assets / Current Liabilities6.74
✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity0
✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
Debt Levels0
✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=21.8x, D/EBITDA=0.0x
✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity0
✓Ackman<= 1.0
Negative debt-to-equity (higher means less debt)-0.0001; #285/4210 (top 6.8%)
✓AsnessTop 30% of eligible cross-section
Efficiency75% pass✓ 9✗ 2▾
6 of 8 pass — Munger and Akre object
Current Ratio6.74
✓Graham>= 2.0
ROIC (3-5 yr avg)40.7%
✓Buffett> 10%
ROIC - WACC+30.7%
✓BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)37.8%
✓Greenblatt> 25%
Current Ratio Change YoY4.27 -> 5.83
✓PiotroskiIncreased YoY
Revenue / Total Assets Change YoY1.34x -> 1.43x
✓PiotroskiImproved YoY
Current Assets / Current Liabilities6.74
✓Dreman> 1.5
Return on Invested Capital8.9%
✗Munger> 15%
ROIC (high and growing)FY2023: ROIC=12.1%; FY2024: ROIC=48.4%; FY2025: ROIC=15.1%
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC15.1% (RR=100% x ROIC=15.1%)
✓AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)3/4 years above 12% (latest 15.1%)
✓SleepROIC > 12% in a majority of years
Cash Flow60% pass✓ 7✗ 5▾
6 of 10 pass — Dreman, Pabrai, Ackman +1 more object
Free Cash Flow Proxy$0.9M
✓BuffettPositive and growing
FCF Positive and Growing$0.9M
✓LynchPositive and growing
Operating Cash Flow$0.9M
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=13.31%, ROA=11.66%
✓PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)
✗Dreman< 8x
P/E or FCF YieldFCF Yield=1.5%
✗PabraiP/E < 15 or FCF Yield > 10%
FCF Positive3/4 years FCF positive
✓MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap
✗Ackman>= 4%
Price / FCF per Share
✗Ackman<= 25
Positive Operating Cash Flow frequency3/4 years positive
✓SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$0.9M
✓Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization+1.54%; #2318/4519 (top 51.3%)
✗OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

Profitability0% pass✓ 5✗ 30▾
No clean pass — all 16 investors flag at least one profitability criterion
Positive EPS (10 years)0/6 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)2/6 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)8.0%
✗Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)11.2% (latest)
✓BuffettStable or rising over 10 years
Free Cash Flow Proxy$0.9M
✓BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
ROE10.1%
✗Lynch> 15%
EBIT / Enterprise Value2.0%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=2.0%, ROC=37.8%
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets11.66%
✓PiotroskiROA > 0
ROA Change YoY31.72% -> 11.66% (delta: -20.05%)
✗PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=13.31%, ROA=11.66%
✓PiotroskiCFO/Assets > ROA
Gross Margin Change YoY52.9% -> 52.7%
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue6.4%
✗Dreman>= 8%
Net Income / Shareholders' Equity10.1%
✗Dreman> 12%
Margin of Safety
✗PabraiP/B < 1.5 or P/E < 15
Return on Equity15.3% (3-yr avg)
✗AkreROE > 20% (3-year avg)
Discount to Intrinsic Value
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency2/4 years positive
✗MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue6.6%
✗Ackman>= 15%
Net Income / Shareholders Equity10.1%
✗Ackman>= 15%
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend12.0% (2023) -> 11.2% (2025)
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendgross margin 48.7% -> 52.7%, operating margin 12.0% -> 11.2%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Net income / market capitalization+1.02%; #2978/6340 (top 47.0%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Gross profit / total assets+72.89%; #312/3702 (top 8.4%)
✓AsnessTop 30% of eligible cross-section
Net income / positive book equity+10.06%; #1804/5226 (top 34.5%)
✗AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.1651; #4023/5884 (top 68.4%)
✗AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Positive Diluted-EPS Years
✗Schloss>= 70% positive over 5-10 observed years (app rule)
Valuation0% pass✓ 1✗ 27▾
No clean pass — all 13 investors flag at least one valuation criterion
Price / 3-yr avg EPS
✗Graham<= 15x
Price-to-Book Ratio
✗Graham<= 1.5x
P/E x P/B
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value2.0%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=2.0%, ROC=37.8%
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS
✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)
✗Dreman< 8x
Price / Book Value per Share
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation Reasonableness
✗MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldFCF Yield=1.5%
✗PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical Average
✗MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value
✗Marks>= 20% below intrinsic value
Price / FCF per Share
✗Ackman<= 25
Price vs. Trailing Low100% of trailing low ($5.00)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Net income / market capitalization+1.02%; #2978/6340 (top 47.0%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive book equity / market capitalization+0.1010; #4738/6449 (top 73.5%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS
✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per Share
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change
✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+0.1737; #3907/5247 (top 74.5%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization+1.54%; #2318/4519 (top 51.3%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date+0.00%; #2690/6202 (top 43.4%)
✗OshaughnessyTop 10% of eligible cross-section
Growth0% pass✓ 1✗ 12▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthInv: 11.5% vs Rev: -10.9%
✗LynchInventory growth < Revenue growth
EPS Growth Direction
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency2/4 years positive
✗MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth81.5%
✓Ackman>= 5%
Positive EPS Growth Frequency
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendgross margin 48.7% -> 52.7%, operating margin 12.0% -> 11.2%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR
✗SleepCAGR > 7%
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Valuation models0% pass✗ 6▾
MDNC overvalued: all 6 models price fair value below $5.00 (median $1.13)
Buffett fair value$0.88
✗Buffett-468.2% margin vs $5.00
Greenblatt fair value$1.09
✗Greenblatt-358.7% margin vs $5.00
Munger fair value$1.40
✗Munger-257.1% margin vs $5.00
Pabrai fair value$1.17
✗Pabrai-327.4% margin vs $5.00
Akre fair value$0.28
✗Akre-1685.7% margin vs $5.00
Ackman fair value$2.76
✗Ackman-81.2% margin vs $5.00
Verdicts27% pass✓ 4✗ 11▾
Split decision: 10 FAIL · 4 PASS · 2 NEUTRAL
Overall verdict
✗GrahamFAIL (1/9)✓BuffettPASS (5/9)✗LynchFAIL (2/7)✗GreenblattRank #1314•PiotroskiNEUTRAL (F-Score 6)✗DremanFAIL (2/11)✓MungerPASS (2/4)✗PabraiFAIL (0/3)✓AkrePASS (3/6)✗MarksFAIL (2/5)✗AckmanFAIL (2/9)✗TempletonFAIL (3/8)✓SleepPASS (3/6)✗AsnessFAIL (Rank #1097/2370 (Top 46.3%))✗NeffFAIL (2/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Medical Equipment

SIC Sector: Measuring & Medical Instruments

Size: Micro Cap($58.8M)

Revenue: $9.7M+6.8% YoY

Net Income: $794502.00-63.2% YoY

Financial Snapshot

Operating Margin11.2%

Return on Equity13.9%

Debt / Equity0.00

Current Ratio5.83

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Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

Metric	TTM · 2026-08-31 2025-09-01 – 2026-08-31 Sources · derived quarter values 10-Q · 2026-01-09 10-K · 2026-05-28 10-Q · 2026-07-09 10-Q · 2026-10-08 Derived from cumulative filings: operating cash flow, depreciation amortization, revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense, capex.	Q2 FY 2027 2026-06-01 – 2026-08-31 Sources · derived quarter values 10-Q · 2026-10-08 Derived from cumulative filings: operating cash flow, depreciation amortization, capex.	Q1 FY 2027 2026-03-01 – 2026-05-31 Sources 10-Q · 2026-07-09	FY 2025 Sources 10-K · 2026-05-28	FY 2024 Sources 10-K · 2025-05-29	FY 2023 Sources 10-K · 2024-07-05	FY 2022 Sources 10-K · 2023-05-30	FY 2021 Sources 10-K · 2023-05-30
Market Cap	$58.8Mcurrent	--	--	--	--	--	--	--
Revenue	$10.2M↓11%	$3.2M↓1%	$2.7M↑24%	$9.7M↑7%	$9.1M↑82%	$5.0M↑402%	$999.6K	--
Operating Income	$672.1K↓80%	$202.7K↓62%	$180.9K↓35%	$1.1M↓66%	$3.2M↑431%	$600.6K↑352%	-$238.6K	--
Net Income	$597.0K↓73%	$40.9K↓88%	$222.0K↑95%	$794.5K↓63%	$2.2M↑634%	-$404.7K↓15%	-$352.7K	--
EPS (Diluted)	--	$0.00↓100%	--	--	--	--	--	--
Gross Margin	49.6%↓10%	48.7%↓21%	49.3%↑14%	52.7%	52.9%↑9%	48.7%↓16%	58.2%	—
Operating Margin	6.6%↓77%	6.3%↓61%	6.8%↓48%	11.2%↓68%	35.0%↑193%	12.0%↑150%	-23.9%	—
ROE	10.1%↓78%	—	—	13.9%↓72%	50.6%↑371%	-18.7%↓35%	-13.8%	—
Total Debt	$497↑12%	$497↑12%	$494↓100%	$501↓100%	$940.3K↓47%	$1.8M↓5%	$1.9M	--
Shareholders' Equity	$5.9M↑23%	$5.9M↑23%	$5.9M↑34%	$5.7M↑34%	$4.3M↑97%	$2.2M↓15%	$2.6M↑644%	-$470.0K
Current Ratio	6.74↑73%	6.74↑73%	5.81↑75%	5.83↑37%	4.27↓19%	5.29↓89%	47.25	—
Debt / Equity	0.00↓9%	0.00↓9%	0.00↓100%	0.00↓100%	0.22↓73%	0.82↑12%	0.73	—
Operating Cash Flow	$373.9K↓46%	$107.5K↓91%	-$176.1K↑77%	$906.8K↑3%	$877.8K↑6064%	$14.2K↑103%	-$490.5K	--
Free Cash Flow	--	$60.9K	-$216.5K	$905.4K↑15%	$788.8K↑6481%	$12.0K↑102%	-$545.8K	--

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Medical Equipment

MDNC vs Peers — Financial Grading

Revenue$9.7MBottom 25%

Net Income$794502.00Bottom 25%

ROE13.9%Top 25%

D/E0.00Top 25%

Op. Margin11.2%Median

Curr. Ratio5.83Top 25%

Company	Market Cap	Price	Revenue	Net Income	ROE	D/E	Op. Margin	Curr. Ratio	Graham	Buffett	Lynch	Greenblatt	Piotroski	Dreman
ALCON INCALC	$35.6B	$74.12	$10.4B	$980.0M	4.4%	0.21	13.1%	2.12	2/9	1/9	3/7	0/3	F-Score 6	4/11
KONINKLIJKE PHILIPS NVPHG	$29.7B	$30.34	$21.0B	$1.1B	8.2%	0.64	8.0%	1.32	1/9	1/9	1/7	0/3	F-Score 5	3/11
WEST PHARMACEUTICAL SERVICES INCWST	$29.0B	$416.42	$3.1B	$493.7M	15.5%	0.06	19.0%	3.02	4/9	6/9	6/7	1/3	F-Score 7	5/11
SMITH & NEPHEW PLCSNN	$13.1B	$31.28	$6.2B	$625.0M	11.8%	0.59	12.9%	2.57	2/9	0/9	1/7	0/3	F-Score 6	4/11
MSA Safety IncMSA	$6.7B	$174.17	$1.9B	$278.9M	20.4%	0.42	19.8%	3.01	5/9	5/9	4/7	1/3	F-Score 5	7/11
STAAR SURGICAL COSTAA	$1.3B	$26.39	$239.4M	$80.4M	-23.4%	—	-38.3%	4.55	2/9	2/9	2/7	0/3	F-Score 3	3/11
ARTIVION, INC.AORT	$931.9M	$19.10	$441.3M	$9.8M	2.2%	0.48	7.6%	3.53	2/9	0/9	0/7	0/3	F-Score 7	1/11
InMode Ltd.INMD	$763.6M	$13.27	$370.5M	$93.8M	13.7%	—	23.0%	9.88	5/9	3/9	0/7	3/3	F-Score 4	4/11