VMD has overreacted over the last days and has become technically oversold. Technicals aside, VMD's revenue and adj. EBITDA in 2021 will be at least $150 million and $45 million, respectively.
VMD also has a pristine balance sheet with
net cash of about $24 million, I mean the cash exceed debt by $24 million.
As a result, VMD's Enterprise Value currently is less than 2 times its 2021 revenue and less than 7 times its 2021 adj. EBITDA,
so VMD is dirt-cheap on relative and absolute valuation analysis! The aforementioned estimates do not include extra revenue coming from the many growth initiatives mentioned in the latest two Conference Calls, especially the last CC.
Both the CEO and the COO were very clear in the latest Conference Call.
VMD has been working on many fronts and will increase significantly its revenue this year thanks to organic and inorganic (acquisitions) initiatives.