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NeuPath Health Inc (NPTH) Fair Value & Analysis

Healthcare · CA · Market cap C$34.3M

NH NeuPath Health Inc NPTH · V
PriceC$0.5900
Fair ValueC$0.5900
Upside+0.0%
Quality57/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 28/100
Evidence: Medium Range C$0.4300 – C$0.7400 Share as image

Fair value as of: Jul 19, 2026

From 14 valuation models · updated 23 days ago

Fair value updated Jul 19, 2026, revised from C$1.05 to C$0.5900 (−43.8%) since Jun 24, 2026. Share price −6.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from C$0.4300 (bear) to C$0.7400 (bull), base C$0.5900. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

C$0.7100 C$0.0800 Fair Value C$0.5900 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range C$0.0800 – C$0.7100 · fair‑value band C$0.4300 – C$0.7400 · the C$0.5900 price screens below the C$0.5900 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

NeuPath Health Inc (NPTH) currently trades at C$0.5900, while our model-based Fair Value estimate is C$0.5900, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Trailing-twelve-month revenue stands at C$89.4M. Revenue grew 11.2% year over year. It earns a return on equity of 1.4%. Net debt stands at C$1.7M. Fundamentals as of Jul 19, 2026

Our scenario range runs from C$0.4300 (bear case) to C$0.7400 (bull case); at C$0.5900, the current price sits within 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 about 13% below its 52-week high and 157% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at 0%, NPTH 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$0.4900 C$0.7400 C$1.07 80
Rev-Margin DCF C$0.3800 C$0.6100 C$0.9100 74
ROIC Compounder C$0.2100 C$0.2400 C$0.2600 72
All 14 models by family
DCF Models
FCF DCF C$0.4900 C$0.7900 C$1.20 38
Owner Earnings C$0.1000 C$0.1600 C$0.2600 31
5Y Revenue Exit C$0.3800 C$0.6100 C$0.9100 39
5Y EBITDA Exit C$0.6200 C$1.10 C$1.70 41
10Y Revenue Exit C$0.4100 C$0.6300 C$0.9300 36
10Y EBITDA Exit C$0.5600 C$0.9300 C$1.49 37
Earnings-Based
EPV C$0.2100 C$0.2400 C$0.2600 59
Multiples
EV/EBIT C$0.4400 C$0.6000 C$0.7500 53
EV/EBITDA C$0.7900 C$1.06 C$1.33 54
EV/Revenue C$0.3100 C$0.4500 C$0.5900 43
Asset-Based
NCAV (Graham) C$0.1800 C$0.2500 C$0.3700 50
Growth DCF
Growth DCF C$0.4900 C$0.7400 C$1.07 80
Rev-Margin DCF C$0.3800 C$0.6100 C$0.9100 74
Economic Profit
ROIC Compounder C$0.2100 C$0.2400 C$0.2600 72

Widest divergence: DCF Models (C$0.6300) versus Earnings-Based (C$0.2400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) C$89.4M
Revenue growth (YoY) +11.2%
Net margin 0.0%
Return on equity 1.4%
Free cash flow C$3.1M FY2025
P/E ratio 61.0
More key figures
Operating margin 4.0%
EPS (TTM) C$0.0100
EPS growth (YoY) -13.2%
Net debt C$1.7M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 66

Profitability 39
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 64
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

NeuPath Health Inc. provides chronic pain management services in Canada. It operates a network of medical clinics in Ontario and Alberta that offer assessments and rehabilitation services to patients with chronic pain, musculoskeletal/back injuries, sports-related injuries, and concussions.

Full company description

NeuPath Health Inc. provides chronic pain management services in Canada. It operates a network of medical clinics in Ontario and Alberta that offer assessments and rehabilitation services to patients with chronic pain, musculoskeletal/back injuries, sports-related injuries, and concussions. The company also provides workplace health services and independent medical assessments to employers and disability insurers, as well as legal practices through a network of health care providers comprising cardiologists, dentists, dermatologists, psychiatrists, endocrinologists, gastroenterologists, general practitioners, internal medicine specialists, neurologists, neuropsychiatrists, neuropsychologists, occupational therapists, ophthalmologists, orthopedic surgeons, physiatrists, physiotherapists, psychologists, respirologists, and rheumatologists. In addition, it operates a network of healthcare clinics and related businesses. The company is headquartered in Mississauga, Canada.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NeuPath Health Inc reported revenue of C$87.2M in FY2025 versus C$60.9M in FY2021, a compound +9.4%/yr. Reported net income was −C$717K in FY2025.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$87.2M
Latest YoY
+19.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.9%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.8%
Revenue +9.4%/yr
FY21 C$60.9M
FY22 C$62.7M
FY23 C$66.1M
FY24 C$72.8M
FY25 C$87.2M
Net income
FY21 −C$3.2M
FY22 −C$4.2M
FY23 −C$107K
FY24 −C$728K
FY25 −C$717K

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Cite: Fair Value Calculator (2026). "NeuPath Health Inc Fair Value". https://www.fairvalue-calculator.com/stock/NPTH

Peer Group

Medical Care Facilities · 261 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 57 · Above median
Fair Value upside +0% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 3% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 11% · Above median
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 61.0× · Pricier than 75% of peers
P/FCF 7.8× · Pricier 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 33 · sector 23
FUTURE 56 · sector 24
PAST 6 · sector 30
HEALTH 87 · sector 90
DIVIDEND 0 · sector 38

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 Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is NeuPath Health Inc (NPTH) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of C$0.5900 versus a price of C$0.5900, about +0% (fairly valued).
What is the fair value of NPTH?
Our model-based fair value for NeuPath Health Inc is C$0.5900 (as of Jul 19, 2026), built from audited fundamentals. The current price is C$0.5900.
What is the quality score of NPTH?
NeuPath Health Inc has a Quality Score of 57/100. 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 NeuPath Health Inc (NPTH)?
NeuPath Health Inc reported trailing-twelve-month revenue of about C$89.4M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of NPTH?
The net profit margin of NeuPath Health Inc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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.

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