JNH is like MEDV: $ 55 million mkt cap- rev. $ 3 million/qtrFor those who want to compare MEDV with a competitor, I have found a company called, Jack Nathan Medical Corp (JNH.V).
They have 76 mobile locations in Walmart: 76 in Canada and, 19 in Mexico, nothing in USA. They estimate this market to be $ 264 Billion opportunity. Canada spends approximately $ 7,000 per citizen per year.
Stock is 69 cents with a market cap of $ 55 million. This is based on sales of $ 3 million in one quarter and profit of $ 770,000.
So lets compare that to: MEDV
They will have approximately 70 cubes in 2021. Sales in Q1 alone are at a minimum $ 17 million, total to date is about $ 27 million in 4 months of operation. We do not know profitablity.
Market in USA is 10 times bigger so a $ 2.6 trillion market.
We are mobile in shopping centers where there is big traffic where-as JNH is constrained inside a Walmart.
Both MEDV adn JNH are in telehealth to offer similar services.
Conclusion:
JNH once had a market cap of $ 250 million. They present trade at 4x sales, at one time it was 16x sales.
And where does MEDV stand in all of this?
MEDV market cap $ 25 million. Sales in one quarter $ 17 million USD, projected to be $ 50 million this year.
And they trade at 1/2 of 1x sale.
How is this logical to you?
Here is the information on JNH:
Jack Nathan Medical Corp. is one of Canada’s largest health care networks and providers of consistent, quality healthcare. Through the Jack Nathan Health (JNH) brand, the company builds turnkey, barrier free medical and dental clinics for physicians in high density centers across Canada and internationally.
JNH medical centers, conveniently located inside Walmart, provide space for the development and operation of modern, state of the art clinics.
Investment Highlights:
1. $264 Billion Market Opportunity
- Canada spends roughly $7000 per citizen on healthcare
- 11.6% of Canada’s GDP is spent on the country’s healthcare system
2. Overstressed Medical System
- Patients lack access to quality healthcare due to the lack of medical clinics
- Doctors require significant capital investment to build and open a new clinic
3. Partnership with Walmart; Jack Nathan Health Clinics Offer Higher Accessibility
- Jack Nathan Health clinics are built inside Walmart stores; 76 locations in Canada and 17 locations in Mexico
- Due to the number of Walmart locations domestically and internationally, Jack Nathan Health can reach a wider audience of patients.
- The ‘one-stop shop’ experience; the high customer traffic in Walmart stores would drive customers to visit Jack Nathan Health clinics
4. Acquisition and Expansion Strategy
- Jack Nathan Health looks to increase the number of clinics through acquisitions to grow its outreach in Canada and Mexico
- The Company plans to scale its technology infrastructure in order to expand its telemedicine and patient engagement services
5. Undervalued in the Global Healthcare Industry
- Jack Nathan Health has attractive valuation multiples, low P/Revenue (TTM) and EV/Revenue (TTM) compared to industry leaders
- Q3 2020 revenue of $3.136M, increased by 12.6% and Q3 2020 EBITDA of $770,074, increased by 103%
https://us02web.zoom.us/webinar/register/WN_hd7clAn0TKyASRBeMiEaEw#NFB20210424
mpo