VMD trades 7 times its 2021 Adj. EBITDAVMD's Enterprise Value currently is about $200 million (in USD) including its net cash position of course.
Adj. EBITDA in 2021 are estimated at about $30 million (in USD).
Therefore, VMD currently trades less than 7 times its adj. EBITDA.
So VMD is cheap both on relative and absolute valuation analysis while maintaining a pristine balance sheet.