Why is MDxHealth SA ?
1
With a Negative Book Value, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Net Sales has grown by an annual rate of 50.20% and Operating profit at 6.12% over the last 5 years
- Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of -2.05
2
Flat results in Sep 25
- INTEREST(HY) At USD 12.17 MM has Grown at 34.16%
3
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 60.53%, its profits have risen by 4%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Pharmaceuticals & Biotechnology)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is MDxHealth SA for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
MDxHealth SA
-61.27%
1.95
59.54%
S&P 500
29.58%
0.62
19.30%
Quality key factors
Factor
Value
Sales Growth (5y)
50.20%
EBIT Growth (5y)
6.12%
EBIT to Interest (avg)
-2.05
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
1.89
Sales to Capital Employed (avg)
1.22
Tax Ratio
1.36%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
54.42%
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
-20.19
EV to EBIT
-15.08
EV to EBITDA
-41.38
EV to Capital Employed
5.66
EV to Sales
2.06
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-37.50%
ROE (Latest)
Negative BV
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
9What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD -10.4 MM
NET PROFIT(HY)
Higher at USD -17.8 MM
ROCE(HY)
Highest at 0%
DEBTORS TURNOVER RATIO(HY)
Highest at 7.45 times
-12What is not working for the Company
INTEREST(Q)
Highest at USD 8.95 MM
OPERATING PROFIT(Q)
Lowest at USD -4.91 MM
OPERATING PROFIT MARGIN(Q)
Lowest at -17.93 %
Here's what is working for MDxHealth SA
Operating Cash Flow
Highest at USD -10.4 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Net Profit
Higher at USD -17.8 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
Debtors Turnover Ratio
Highest at 7.45 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Here's what is not working for MDxHealth SA
Interest
At USD 8.95 MM has Grown at 51.04%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Interest
Highest at USD 8.95 MM
in the last five periods and Increased by 51.04% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Operating Profit
Lowest at USD -4.91 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (USD MM)
Operating Profit Margin
Lowest at -17.93 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales






