Undervalued Medical Device & Instrument Stocks on TSX August 2023

August 20, 2023

August 2023

Industry Group

SGMD:TSX

Medical Devices & Instruments

Medical Devices & Instruments

Companies in the Medical Devices & Instruments industry develop, manufacture, and market medical and surgical equipment or instruments and supplies.

TSX Venture Exchange

The TSX Venture Exchange is a stock exchange headquartered in Calgary, Alberta, Canada. It is an exchange for the securities of early-stage businesses.

Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Medical Devices & Instruments stocks

Stocks in this category are held primarily for potential income and capital appreciation.

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Symbol	Name	Close Price ($)	Valuation ($)	Difference (%)	Average Vol (30D)	Market Cap ($M)	P/E Ratio
SGMD	Salona Global Medical	0.19	0.48	152.65	45137	12	0.0
THRM	Therma Bright	0.04	0.08	102.19	172515	10	0.0
PINK	Perimeter Medical Imaging	1.50	2.25	50.05	21983	97	0.0
VER.H	Verisante Technology	0.02	0.03	45.26	9258	1	0.1
HTL	Hamilton Thorne	1.34	1.53	13.96	27009	199	49.5
ASG	Aurora Spine	0.25	0.28	12.10	4248	17	0.0
MDX	Medx Health	0.07	0.07	11.24	39134	12	0.0
LBL.H	Lattice Biologics	0.04	0.04	6.79	-	5	0.0

All data provided as at market close August 17, 2023.

Company Details

Salona Global Medical

SGMD:TSX-V

Close Price

0.19

Our Valuation

0.48

% Difference

152.65

Market Cap ($M)

P/E Ratio

0.0

Salona Global Medical Device Corp is a US based, acquisition-focused medical device company. SGMD plans to continue to acquire small, private medical device companies and expand their revenues globally post acquisition. SGMD has a solid balance sheet, deep acquisition pipeline and a team (former DJO & PHM) with a strong track record of both inorganic growth through acquisitions and organic growth through development of global sales, economies of scope, and economies of scale.

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Therma Bright

THRM:TSX-V

Close Price

0.04

Our Valuation

0.08

% Difference

102.19

Market Cap ($M)

P/E Ratio

0.0

Therma Bright Inc is a medical technology company focused on providing dermatological products in the medical device field. It has a proprietary thermal therapy technology that uses heat and light energy to provide topical relief to skin irritations resulting from insect bites, stings, and the prevention of cold sores. The company's products include TherOZap and InterceptCS.

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Perimeter Medical Imaging

PINK:TSX-V

Close Price

1.50

Our Valuation

2.25

% Difference

50.05

Market Cap ($M)

P/E Ratio

0.0

Perimeter Medical Imaging AI Inc is a medical technology company driven to transform cancer surgery with ultra-high-resolution, real-time, advanced imaging tools to address high unmet medical needs. The company is developing, with plans to commercialize, advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during a clinical procedure.

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Verisante Technology

VER.H:TSX-V

Close Price

0.02

Our Valuation

0.03

% Difference

45.26

Market Cap ($M)

P/E Ratio

0.1

Verisante Technology Inc does not have significant operations. It is currently seeking out opportunities to acquire a successful business such as a leading provider of cutting-edge technologies and services, offering scalable solutions.

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Hamilton Thorne

HTL:TSX-V

Close Price

1.34

Our Valuation

1.53

% Difference

13.96

Market Cap ($M)

199

P/E Ratio

49.5

Hamilton Thorne Ltd is engaged in providing precision instruments, consumables, software and services that reduce cost, increase productivity, improve results and enable breakthroughs in Assisted Reproductive Technologies (ART) and developmental biology research markets. The company markets its products and services under the Hamilton Thorne, Gynemed and Embryotech Laboratories brands, through its growing sales force and distributors.

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Aurora Spine

ASG:TSX-V

Close Price

0.25

Our Valuation

0.28

% Difference

12.10

Market Cap ($M)

P/E Ratio

0.0

Aurora Spine Corp is engaged in the business of the development and commercialization of minimally invasive interspinous fusion systems and devices. The product portfolio includes implants, surgical tools, and biologics. It derives revenues primarily from the sale of spinal surgery implants, consumable products used in spinal surgeries, and service revenue for referring products to its customers.

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Medx Health

MDX:TSX-V

Close Price

0.07

Our Valuation

0.07

% Difference

11.24

Market Cap ($M)

P/E Ratio

0.0

Medx Health Corp is engaged in the development, manufacturing, and marketing of skin-related screening tools and phototherapy devices for pain relief and tissue repair. Its two main product lines are; SIAscopy, a medical device technology that is used to scan skin for suspicious moles and lesions; and Phototherapeutic medical devices, which use light energy in lower-level laser and LED to provide effective treatment of pain and tissue damage in the rehabilitation market.

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Lattice Biologics

LBL.H:TSX-V

Close Price

0.04

Our Valuation

0.04

% Difference

6.79

Market Cap ($M)

P/E Ratio

0.0

Lattice Biologics Ltd is a biologic product manufacturing company. It manufactures and markets biologic products to domestic and international markets. The products of the company include ADM dermis, DBM Putty, Bone scaffold, and Others, of which key revenue is derived from Bone scaffold.

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