Modular Medical, Inc. (MODD) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+36.8%

$2.46

vs $1.80 price

Levered DCF

$2.87

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-14.77

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-0.43×	-2.14×	-2.32×	-1.13×	-1.61×	-3.12×	-4.17×	-8.07×
P/B	0.93×	2.36×	3.51×	3.11×	3.39×	-18.07×	7.68×	3.17×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-0.21×	-1.58×	-1.9×	-0.99×	-1.34×	-3.41×	-3.62×	-5.45×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	4.03×	10.69×	6.66×	4.13×	9.68×	0.5×	4.82×	36.71×
Debt / equity	0.03×	0.05×	0.1×	0.3×	0.02×	-2.21×	0.09×	0×
Interest coverage	0×	0×	0×	0×	-5.42×	-184.38×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-217.9%	-110.2%	-151.5%	-273.4%	-210.9%	578.6%	-184.9%	-39.2%
Return on invested capital	-206.4%	-106.5%	-137.8%	-209.6%	-165.5%	-464.7%	-162.6%	-39.8%
Return on assets	-190.4%	-100.5%	-126.5%	-191.6%	-189.2%	-328.2%	-137.9%	-38.2%
Free cash flow yield	-229.5%	-45.2%	-38.6%	-80.2%	-34433.8%	-26.1%	-19.7%	-9.2%
Earnings yield	-234.1%	-46.7%	-43.1%	-88.0%	-62.2%	-32.0%	-24.1%	-12.4%
Enterprise value	$5.5M	$28.1M	$32.5M	$13.5M	$21.1M	$24.4M	$19.2M	$14M
Net debt / EBITDA	0.25×	0.69×	0.47×	0.16×	0.56×	-0.19×	0.54×	2.56×
Cash conversion cycle (days)	-217	0	0	0	0	0	0	0