Pro-Dex Inc PDEX

Healthcare Medical Devices

Pro-Dex, Inc. specializes in the design, development, and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic, thoracic, and maxocranial facial markets. The Company has patented adoptive torque-limiting software and sealing solutions, which appeal to its customers, primarily medical device distributors. It also manufactures and sells rotary air motors to a range of industries. The Company’s medical device products utilize designs developed by it primarily under development and supply agreements and are machined in its Irvine, California facility, and assembled in its Tustin, California facility, as are its rotary air motors. Its medical device products are sold primarily to original equipment manufacturers and its air motors are sold primarily to a range of distributors and end users. It has an approximately 25,000 square foot industrial building in Tustin, California (the Franklin Property).

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Pro-Dex Inc

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Post by Torontojayon Jan 19, 2021 6:12am

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Post# 32324267

A hidden gem

Pro-dex has been growing sales per share at a cagr of 18.66% from 2015 to 2019. Sales in the last ttm has been $36.18 compared to $34.83 in 2019. The company currently has a return on equity of 31.3% which has been consistently high over many years. With the recent pullback and a P/E ratio of around 18 I think it's a great buying opportunity.

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