I am surprised the stock price did not change much since the very beginning in 2014: price around $0.40 10 years ago and now !
On the other hand revenue increased 5x since 2021,
Here is the company latest presentation:
https://announcements.asx.com.au/asxpdf/20240830/pdf/0679cykc01mqx5.pdf
Annual report Aug 2024:
https://announcements.asx.com.au/asxpdf/20240830/pdf/067b0qfzmy2slh.pdf
Recent news:
Orthocell enters Canadian market
do not advertise external links/companies/news/1055652/just-the-facts-orthocell-enters-canadian-market-1055652.html
Orthocell has officially entered the Canadian market with the first sales of its Striate+™ product, facilitated by its distribution partner, BioHorizons. This follows Health Canada's regulatory approval received in July 2024. Striate+ is used in dental-guided bone and tissue regeneration and has already gained traction in other major markets, including the US, UK, EU, and Australia.
The Canadian market for Striate+ is estimated to be worth AU$60 million, contributing to the global market potential, which exceeds AU$1 billion. Orthocell stated that these initial sales in Canada confirm the company’s expanding global presence and the effectiveness of its partnership with BioHorizons, supported by a 98.6% success rate in post-market clinical studies.The company is also preparing to expand into Brazil and Singapore, with regulatory approvals expected within the next 6-12 months. Financially, Orthocell recorded a strong performance in the 2024 financial year, with revenue of AU$6.76 million, reflecting a 30% year-on-year increase.
It seems Orthocell is undervalued. The question how much ? 30% or more ?
Stable stock price over 10 years. Is it now undervalued ?
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Last
66.5¢ |
Change
-0.020(2.92%) |
Mkt cap ! $159.0M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.0¢ | 65.0¢ | $245.7K | 371.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15000 | 65.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 12621 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| OCC (ASX) Chart |