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Mani, Inc (MNICF) Fair Value & Analysis

Healthcare · US · Market cap $1.3B

MI Mani, Inc logo Mani, Inc MNICF · US
Price$12.82
Fair Value$5.84
Upside-54.5%
Quality64/100
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Expensive Growth
Solidly profitable · 17.9% net margin
generates free cash flow
2.41% dividend yield
Ranks above peers (8/10)
Wide moat 71/100
Evidence: High Range $3.48 – $7.31 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from $5.88 to $5.84 (−0.7%) since Jun 24, 2026.

A solid business, but screening 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($7.31). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($3.48 to $7.31) leaves room in how you read the outcome.
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Price vs Fair Value (22 months)

$12.82 $12.21 Fair Value $5.84 Sep 2024 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

22‑month range $12.21 – $12.82 · fair‑value band $3.48 – $7.31 · the $12.82 price screens above the $5.84 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Mani, Inc (MNICF) currently trades at $12.82, while our model-based Fair Value estimate is $5.84, implying the stock looks roughly 54.5% overvalued today. The Quality Score stands at 64/100 (solid 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: high).

Over the trailing twelve months, Mani, Inc generated revenue of $31.3B at a net margin of 17.9%. Revenue grew 15.7% year over year. It earns a return on equity of 10.2%. The stock trades on a trailing P/E of 30.5. Fundamentals as of Jul 18, 2026

Our scenario range runs from $3.48 (bear case) to $7.31 (bull case); at $12.82, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 3% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -54%, MNICF screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $1.40 $1.56 $1.80 72
Growth-Adj P/E $4.22 $6.03 $7.84 68
Rev-Margin DCF $3.35 $5.64 $8.75 67
All 24 models by family
DCF Models
FCF DCF $1.40 $1.59 $1.91 38
Owner Earnings $1.47 $1.72 $2.11 31
5Y Revenue Exit $3.35 $5.78 $9.30 39
5Y EBITDA Exit $5.13 $9.63 $15.60 41
5Y P/E Exit $3.85 $6.87 $10.51 38
10Y Revenue Exit $2.50 $4.44 $7.79 36
10Y EBITDA Exit $3.70 $7.08 $12.81 37
10Y P/E Exit $2.91 $5.19 $8.75 35
Earnings-Based
Graham-Dodd $1.99 $10.64 $14.75 54
Lynch FV $2.94 $4.20 $5.46 50
PEG = 1.0 $2.94 $4.20 $5.46 46
EPV $4.42 $4.86 $5.23 59
Multiples
P/E Multiple $4.38 $5.84 $7.30 63
P/S Multiple $3.53 $4.71 $5.89 58
P/B Multiple $3.72 $4.96 $6.21 55
EV/EBIT $8.11 $10.43 $12.75 53
EV/EBITDA $7.70 $9.88 $12.06 54
EV/Revenue $4.46 $5.87 $7.28 43
Asset-Based
NCAV (Graham) $1.68 $2.26 $3.37 50
Growth DCF
Growth DCF $1.40 $1.56 $1.80 72
Rev-Margin DCF $3.35 $5.64 $8.75 67
Economic Profit
Residual Income $2.69 $2.84 $3.09 61
ROIC Compounder $4.79 $5.90 $7.31 67
Growth Earnings
Growth-Adj P/E $4.22 $6.03 $7.84 68

Widest divergence: Growth Earnings ($6.03) versus Growth DCF ($1.56). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) $31.3B
Revenue growth (YoY) +15.7%
Net margin 17.9%
Return on equity 10.2%
Free cash flow $347M FY2025
P/E ratio 30.5
More key figures
Operating margin 34.3%
EPS (TTM) $0.4200
Dividend yield 2.4%
EPS growth (YoY) +49.2%

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 66

Profitability 51
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mani, Inc. engages in the manufacture and supply of surgical and dental instruments in Japan, Asia, Europe, North America, and internationally. The company operates through three segments: Surgical Products, Eyeless Needle Products, and Dental Products.

Full company description

Mani, Inc. engages in the manufacture and supply of surgical and dental instruments in Japan, Asia, Europe, North America, and internationally. The company operates through three segments: Surgical Products, Eyeless Needle Products, and Dental Products. The company offers surgical instruments, such as maniplers, vessel knives, ENT knives, and stainless wire needles; and ophthalmic instruments, including ophthalmic sutures and knives, and trocar kits for vitrectomy. It also provides surgical eyeless, eyed, taper point, cutting, ophthalmic needles; and dental instruments, such as endodontic instruments, endodontic rotary instruments, root canal obturation, diamond and carbide burs, finishing and polishing instruments, sutures and surgical needles, endodontic micro-accessories, and endodontic accessories. Mani, Inc. was founded in 1956 and is headquartered in Utsunomiya, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mani, Inc reported revenue of $30.0B in FY2025 versus $17.2B in FY2021, a compound +14.9%/yr. Reported net income was $4.6B in FY2025, compounding +2.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$30.0B
Latest YoY
+5.1%
Avg. growth/yr (3Y)
+13.6%
Avg. growth/yr (5Y)
+14.5%
Revenue +14.9%/yr
FY21 $17.2B
FY22 $20.4B
FY23 $24.5B
FY24 $28.5B
FY25 $30.0B
Net income +2.0%/yr
FY21 $4.3B
FY22 $5.3B
FY23 $6.0B
FY24 $6.3B
FY25 $4.6B

MNICF screens 54% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Mani, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MNICF

Peer Group

Medical Instruments & Supplies · 203 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Above median
Fair Value upside −54% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 10% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 34% · Top 25%
Revenue growth 16% · Top 25%
Dividend yield (TTM) 2.4% · Above median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 30.5× · Pricier than median
P/FCF 3.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 79 · sector 27
PAST 41 · sector 25
HEALTH 0 · sector 96
DIVIDEND 48 · sector 32

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Mani, Inc (MNICF) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $5.84 versus a price of $12.82, about −54% (overvalued).
What is the fair value of MNICF?
Our model-based fair value for Mani, Inc is $5.84 (as of Jul 18, 2026), built from audited fundamentals. The current price is $12.82.
What is the quality score of MNICF?
Mani, Inc has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Mani, Inc (MNICF)?
Mani, Inc reported trailing-twelve-month revenue of about $31.3B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MNICF?
The net profit margin of Mani, Inc is about 17.9%, meaning it keeps roughly 17.9% of revenue as net income. Based on the latest reported figures.
Does Mani, Inc pay a dividend?
Mani, Inc currently shows a dividend yield of about 2.41% relative to its recent price (as of Jul 18, 2026).

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.

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