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CO-DIAGNOSTICS INC (CODX) Stock Fundamental Analysis

NASDAQ:CODX - Nasdaq - US1897631057 - Common Stock - Currency: USD

0.3711  +0.02 (+6.03%)

After market: 0.37 0 (-0.3%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to CODX. CODX was compared to 189 industry peers in the Health Care Equipment & Supplies industry. CODX scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. CODX has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

CODX had negative earnings in the past year.
CODX had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CODX reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: CODX reported negative operating cash flow in multiple years.
CODX Yearly Net Income VS EBIT VS OCF VS FCFCODX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M

1.2 Ratios

CODX has a worse Return On Assets (-58.81%) than 71.43% of its industry peers.
CODX's Return On Equity of -69.30% is in line compared to the rest of the industry. CODX outperforms 42.86% of its industry peers.
Industry RankSector Rank
ROA -58.81%
ROE -69.3%
ROIC N/A
ROA(3y)-35.82%
ROA(5y)-4.97%
ROE(3y)-40.94%
ROE(5y)-6.37%
ROIC(3y)N/A
ROIC(5y)N/A
CODX Yearly ROA, ROE, ROICCODX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 400 -400 600

1.3 Margins

CODX has a Gross Margin of 74.48%. This is amongst the best in the industry. CODX outperforms 85.19% of its industry peers.
In the last couple of years the Gross Margin of CODX has grown nicely.
CODX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 74.48%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.47%
GM growth 5Y9.36%
CODX Yearly Profit, Operating, Gross MarginsCODX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20K -40K -60K

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6

2. Health

2.1 Basic Checks

CODX does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CODX has more shares outstanding
Compared to 5 years ago, CODX has more shares outstanding
CODX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CODX Yearly Shares OutstandingCODX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
CODX Yearly Total Debt VS Total AssetsCODX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

CODX has an Altman-Z score of -1.49. This is a bad value and indicates that CODX is not financially healthy and even has some risk of bankruptcy.
CODX has a worse Altman-Z score (-1.49) than 62.43% of its industry peers.
There is no outstanding debt for CODX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -1.49
ROIC/WACCN/A
WACC8.93%
CODX Yearly LT Debt VS Equity VS FCFCODX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

2.3 Liquidity

A Current Ratio of 4.41 indicates that CODX has no problem at all paying its short term obligations.
With a decent Current ratio value of 4.41, CODX is doing good in the industry, outperforming 70.37% of the companies in the same industry.
A Quick Ratio of 4.27 indicates that CODX has no problem at all paying its short term obligations.
The Quick ratio of CODX (4.27) is better than 72.49% of its industry peers.
Industry RankSector Rank
Current Ratio 4.41
Quick Ratio 4.27
CODX Yearly Current Assets VS Current LiabilitesCODX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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2

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.61% over the past year.
The Revenue for CODX has decreased by -42.55% in the past year. This is quite bad
CODX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 79.52% yearly.
EPS 1Y (TTM)6.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%28%
Revenue 1Y (TTM)-42.55%
Revenue growth 3Y-65.8%
Revenue growth 5Y79.52%
Sales Q2Q%-95.81%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y17.86%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-63.78%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
CODX Yearly Revenue VS EstimatesCODX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
CODX Yearly EPS VS EstimatesCODX Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 0 0.5 -0.5 1 -1 1.5

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for CODX. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for CODX. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
CODX Price Earnings VS Forward Price EarningsCODX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
CODX Per share dataCODX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 -1 1.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

CODX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CO-DIAGNOSTICS INC

NASDAQ:CODX (4/28/2025, 8:00:54 PM)

After market: 0.37 0 (-0.3%)

0.3711

+0.02 (+6.03%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)03-27 2025-03-27/amc
Earnings (Next)05-08 2025-05-08
Inst Owners18.02%
Inst Owner Change0%
Ins Owners6.7%
Ins Owner Change5.96%
Market Cap12.46M
Analysts43.33
Price Target1.02 (174.86%)
Short Float %0.52%
Short Ratio0.77
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.56%
Min EPS beat(2)-3.81%
Max EPS beat(2)4.93%
EPS beat(4)2
Avg EPS beat(4)4.01%
Min EPS beat(4)-44.72%
Max EPS beat(4)59.63%
EPS beat(8)4
Avg EPS beat(8)-13.81%
EPS beat(12)6
Avg EPS beat(12)-44.67%
EPS beat(16)10
Avg EPS beat(16)-18.04%
Revenue beat(2)1
Avg Revenue beat(2)3.29%
Min Revenue beat(2)-61.05%
Max Revenue beat(2)67.62%
Revenue beat(4)2
Avg Revenue beat(4)129.06%
Min Revenue beat(4)-84.96%
Max Revenue beat(4)594.64%
Revenue beat(8)3
Avg Revenue beat(8)188.65%
Revenue beat(12)4
Avg Revenue beat(12)110.49%
Revenue beat(16)6
Avg Revenue beat(16)85.66%
PT rev (1m)-33.33%
PT rev (3m)-33.33%
EPS NQ rev (1m)2.94%
EPS NQ rev (3m)2.94%
EPS NY rev (1m)22.22%
EPS NY rev (3m)22.22%
Revenue NQ rev (1m)-6.25%
Revenue NQ rev (3m)-6.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.18
P/FCF N/A
P/OCF N/A
P/B 0.23
P/tB 0.44
EV/EBITDA N/A
EPS(TTM)-1.13
EYN/A
EPS(NY)-0.93
Fwd EYN/A
FCF(TTM)-0.89
FCFYN/A
OCF(TTM)-0.87
OCFYN/A
SpS0.12
BVpS1.62
TBVpS0.84
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -58.81%
ROE -69.3%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 74.48%
FCFM N/A
ROA(3y)-35.82%
ROA(5y)-4.97%
ROE(3y)-40.94%
ROE(5y)-6.37%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.47%
GM growth 5Y9.36%
F-Score3
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 54.34%
Cap/Sales 19.12%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.41
Quick Ratio 4.27
Altman-Z -1.49
F-Score3
WACC8.93%
ROIC/WACCN/A
Cap/Depr(3y)92.34%
Cap/Depr(5y)204.81%
Cap/Sales(3y)14.45%
Cap/Sales(5y)9.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%28%
EPS Next Y17.86%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-42.55%
Revenue growth 3Y-65.8%
Revenue growth 5Y79.52%
Sales Q2Q%-95.81%
Revenue Next Year-63.78%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.17%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-27.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-32.03%
OCF growth 3YN/A
OCF growth 5YN/A