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MEDINEX LIMITED (OTX) Fair Value & Analysis

Healthcare · SG · Market cap 30.9M SGD

ML MEDINEX LIMITED OTX · SG
Price0.2250 SGD
Fair Value0.3200 SGD
Upside+42.2%
Quality75/100
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Mixed Growth
Solidly profitable · 17.9% net margin
Low debt · generates free cash flow
7.73% dividend yield
Ranks above peers (9/14)
Moderate moat 59/100
Evidence: High Range 0.2400 SGD – 0.4500 SGD Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 5 days ago

Share price +2.3% over the past month.

A strong business, screening 42% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (0.2400 SGD). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (0.2400 SGD to 0.4500 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.2500 SGD 0.1374 SGD Fair Value 0.3200 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.1374 SGD – 0.2500 SGD · fair‑value band 0.2400 SGD – 0.4500 SGD · the 0.2250 SGD price screens below the 0.3200 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MEDINEX LIMITED (OTX) currently trades at 0.2250 SGD, while our model-based Fair Value estimate is 0.3200 SGD, implying the stock looks roughly 42.2% undervalued today. The Quality Score stands at 75/100 (high 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: high), always confirm before acting.

Over the trailing twelve months, MEDINEX LIMITED generated revenue of 12.4M SGD at a net margin of 17.9%. Revenue declined 3.0% year over year. It earns a return on equity of 13.4%. The stock trades on a trailing P/E of 11.3. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.2400 SGD (bear case) to 0.4500 SGD (bull case); at 0.2250 SGD, the current price sits below 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 10% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -31% fair-value upside, at 42%, OTX screens cheaper 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 0.1700 SGD 0.2000 SGD 0.2500 SGD 80
Residual Income 0.1100 SGD 0.1200 SGD 0.1900 SGD 76
Rev-Margin DCF 0.1800 SGD 0.2600 SGD 0.3500 SGD 74
All 22 models by family
DCF Models
FCF DCF 0.1600 SGD 0.2000 SGD 0.2600 SGD 38
Owner Earnings 0.1700 SGD 0.2000 SGD 0.2600 SGD 31
5Y Revenue Exit 0.1800 SGD 0.2600 SGD 0.3600 SGD 39
5Y EBITDA Exit 0.2600 SGD 0.3800 SGD 0.5400 SGD 41
5Y P/E Exit 0.2100 SGD 0.3100 SGD 0.4200 SGD 38
10Y Revenue Exit 0.1700 SGD 0.2200 SGD 0.2700 SGD 36
10Y EBITDA Exit 0.2100 SGD 0.2800 SGD 0.3600 SGD 37
10Y P/E Exit 0.1900 SGD 0.2400 SGD 0.2900 SGD 35
Earnings-Based
Graham-Dodd 0.1100 SGD 0.1400 SGD 0.1500 SGD 54
EPV 0.2200 SGD 0.2500 SGD 0.2700 SGD 59
Multiples
P/E Multiple 0.2700 SGD 0.3600 SGD 0.4500 SGD 63
P/S Multiple 0.2100 SGD 0.2800 SGD 0.3500 SGD 58
P/B Multiple 0.2100 SGD 0.2800 SGD 0.3500 SGD 55
EV/EBIT 0.4200 SGD 0.5500 SGD 0.6800 SGD 53
EV/EBITDA 0.3900 SGD 0.5100 SGD 0.6300 SGD 54
EV/Revenue 0.2200 SGD 0.3000 SGD 0.3900 SGD 43
Asset-Based
NCAV (Graham) 0.0600 SGD 0.0800 SGD 0.1200 SGD 50
Growth DCF
Growth DCF 0.1700 SGD 0.2000 SGD 0.2500 SGD 80
Rev-Margin DCF 0.1800 SGD 0.2600 SGD 0.3500 SGD 74
Economic Profit
Residual Income 0.1100 SGD 0.1200 SGD 0.1900 SGD 76
ROIC Compounder 0.2200 SGD 0.2500 SGD 0.2800 SGD 72
Growth Earnings
Growth-Adj P/E 0.1900 SGD 0.2700 SGD 0.3600 SGD 68

Widest divergence: Multiples (0.3000 SGD) versus Asset-Based (0.0800 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 12.4M SGD
Revenue growth (YoY) -3.0%
Net margin 17.9%
Return on equity 13.4%
Free cash flow 2.6M SGD FY2026
P/E ratio 11.3
More key figures
Operating margin 15.3%
EPS (TTM) 0.0200 SGD
Dividend yield 7.7%
EPS growth (YoY) -90.8%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 74 · Market factors (momentum, volatility) 54

Profitability 67
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 72
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

Medinex Limited, an investment holding company, provides professional support services to medical clinics in Singapore. It operates through four segments: Medical Support Services, Business Support Services, Pharmaceutical Services, and Medical Services.

Full company description

Medinex Limited, an investment holding company, provides professional support services to medical clinics in Singapore. It operates through four segments: Medical Support Services, Business Support Services, Pharmaceutical Services, and Medical Services. The company engages in the setting up of clinics, facilitating applications for relevant clinic licenses, value added services to healthcare sectors, turnkey solutions, as well as strategic advice to general practitioners and specialists on establishing clinic facilities. It also provides accounting and tax agent, human resource management, and corporate secretarial services, as well as business support services, such as accounting, tax agent, human resource management, and corporate secretarial services to various sectors, such as food and beverage, retail, education, and beauty. In addition, the company procures medical and pharmaceutical products to clinics. Further, the company offers diagnostic and x-rays, pre-employment check-ups, vaccination, customized healthcare plans, and health screening services in clinics. Additionally, it provides advisory services, and business and management consultancy services, call support services, and data protection officer services to its customers; and training services. Medinex Limited was incorporated in 2009 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

MEDINEX LIMITED reported revenue of 12.4M SGD in FY2026 versus 12.0M SGD in FY2022, a compound +0.9%/yr. Reported net income was 2.2M SGD in FY2026, compounding −5.7%/yr from FY2022.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
12.4M SGD
Latest YoY
−3.1%
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.
−1.4%
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.
+2.9%
Revenue +0.9%/yr
FY22 12.0M SGD
FY23 13.0M SGD
FY24 12.6M SGD
FY25 12.8M SGD
FY26 12.4M SGD
Net income −5.7%/yr
FY22 2.8M SGD
FY23 1.7M SGD
FY24 1.0M SGD
FY25 2.8M SGD
FY26 2.2M SGD

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Cite: Fair Value Calculator (2026). "MEDINEX LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/OTX

Peer Group

Medical Care Facilities · 268 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 75 · Top 25%
Fair Value upside +42% · Top 25%
Return on equity (TTM) 13% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 7.7% · Top 25%

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than 75% of peers
P/B 1.47× · Pricier than median
P/S (TTM) 1.95× · Pricier than median
P/FCF 9.5× · Pricier than 75% of peers
EV/EBITDA 8.6× · 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 90 · sector 27
FUTURE 0 · sector 23
PAST 54 · sector 29
HEALTH 100 · sector 90
DIVIDEND 100 · sector 41

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 Aug 13, 2026).

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Frequently asked questions

Is MEDINEX LIMITED (OTX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.3200 SGD versus a price of 0.2250 SGD, about +42% (undervalued).
What is the fair value of OTX?
Our model-based fair value for MEDINEX LIMITED is 0.3200 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.2250 SGD.
What is the quality score of OTX?
MEDINEX LIMITED has a Quality Score of 75/100. 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 MEDINEX LIMITED (OTX)?
MEDINEX LIMITED reported trailing-twelve-month revenue of about 12.4M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of OTX?
The net profit margin of MEDINEX LIMITED is about 17.9%, meaning it keeps roughly 17.9% of revenue as net income. Based on the latest reported figures.
Does MEDINEX LIMITED pay a dividend?
MEDINEX LIMITED currently shows a dividend yield of about 7.73% relative to its recent price (as of Aug 13, 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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