Modular Medical, Inc. (MODD) vs Flag Ship Acquisition Corp (PMI)

Modular Medical, Inc. and Flag Ship Acquisition Corp are both Medical Devices companies. Flag Ship Acquisition Corp is the larger, with a market value of $19.9M against $16.3M — 1.2× the size. Modular Medical, Inc. has the higher net margin (0.00% vs −444.8%) and the higher return on invested capital (−249.3% vs −410.8%). Across the 14 metrics below, Modular Medical, Inc. leads on 9 and Flag Ship Acquisition Corp on 5.

Valuation

Metric MODD PMI Medical Devices median
P/E n/m n/m 24.61
P/S n/m 2.46 2.49
P/B 0.90 9.03 2.44
Price to free cash flow n/m n/m 23.80
EV/EBITDA n/m n/m 11.74
EV/Sales n/m 2.57 2.60
Earnings yield (597.94%) (245.03%) (13.08%)
Free cash flow yield (288.93%) (103.53%) (8.50%)

Profitability

Metric MODD PMI Medical Devices median
Gross margin 0.00% 18.62% 57.16%
Operating margin 0.00% (248.37%) (18.70%)
Net margin 0.00% (444.83%) (19.62%)
Free cash flow margin 0.00% (254.93%) (7.24%)
Return on equity (247.94%) 106.08% (13.14%)
Return on assets (212.13%) (268.26%) (19.72%)
Return on invested capital (249.25%) (410.80%) (10.33%)

Growth

Metric MODD PMI Medical Devices median
Revenue growth (TTM) — 45.47% 8.87%
EPS growth (last fiscal year) 19.29% 74.92% 28.17%
Revenue growth, 5-year CAGR — — 15.74%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric MODD PMI Medical Devices median
Debt to equity 0.00 0.41 0.05
Current ratio 3.25 1.02 2.84
Net debt to EBITDA 0.27 1.27 0.54

Dividend

Metric MODD PMI Medical Devices median
Dividend yield — — 1.14%
Payout ratio — — 0.36

Size

Metric MODD PMI Medical Devices median
Market cap 16.33m 19.94m 229.39m

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