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Covalon Technologies Ltd (COV) Fair Value & Analysis

Healthcare · CA · Market cap A$70.6M

CT Covalon Technologies Ltd COV · AU
PriceA$0.4700
Fair ValueA$0.1900
Upside-59.6%
Quality87/100
Evidence: Low Range A$0.1400 – A$0.2400

Fair value as of: Jun 24, 2026

From 2 valuation models · updated 5 days ago

Share price −15.2% over the past month.

Price vs Fair Value (12 months)

A$0.8559 A$0.3315 Fair Value A$0.1900 Jun 2025 Jun 2026

12‑month range A$0.3315 – A$0.8559 · fair‑value band A$0.1400 – A$0.2400 · the A$0.4700 price screens above the A$0.1900 fair value. As of Jun 24, 2026.

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Analysis

Covalon Technologies Ltd (COV) currently trades at A$0.4700, while our model-based Fair Value estimate is A$0.1900 — implying the stock looks roughly 59.6% overvalued today. We read business quality at 87/100 (high quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at A$2.6M. It earns a return on equity of -49.6%. Net debt stands at A$1.4M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$2.6M
Revenue growth (YoY) +373%
Net margin -157%
Return on equity -49.6%
Free cash flow −A$2.9M FY2025
Operating margin -106%
More key figures
EPS (TTM) A$-0.0300
Net debt A$1.4M FY2023

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of medical products in infection management, advanced wound care, and surgical procedure areas in the United States, the Middle East, Canada, Latin America, Asia, and internationally. The company's platform technologies comprises collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; and antimicrobial silicone adhesive platform, which is used for family of pre- and post-surgical, and vascular access products that are designed to kill bacteria or yeast that comes into contact with the antimicrobial silicone. It also offers a medical coating platform, a process that utilizes photo-polymerization to create active grafting sites where new polymer chai…

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Covalon Technologies Ltd reported revenue of A$1.2M in FY2025 versus A$0 in FY2022. Reported net income was −A$4.0M in FY2025.

Revenue
FY22 A$0
FY23 A$110K
FY24 A$600K
FY25 A$1.2M
Net income
FY22 −A$43.9K
FY23 −A$1.7M
FY24 −A$3.8M
FY25 −A$4.0M

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Similar stocks

6 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT 1,600 MXN 1,231 MXN -23%
Stryker Corporation S1YK34 R$79.18 R$43.78 -45%
Medtronic plc MDT $79.27 $73.33 -7%
Boston Scientific Corporation B1SX34 R$247.01 R$234.82 -5%
Edwards Lifesciences Corporation EW $87.45 $41.02 -53%
Siemens Healthineers AG SEMHF $40.29 $47.96 +19%

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Frequently asked questions

Is Covalon Technologies Ltd (COV) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.1900 versus a price of A$0.4700 — about −60% (overvalued). Model-based estimate, not financial advice.
What is the fair value of COV?
Our 21-model fair value for Covalon Technologies Ltd is A$0.1900 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.4700.
What is the quality score of COV?
Covalon Technologies Ltd has a Quality Score of 87/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Covalon Technologies Ltd (COV)?
Covalon Technologies Ltd reported trailing-twelve-month revenue of about A$2.6M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of COV?
The net profit margin of Covalon Technologies Ltd is about -157.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.