Company Valuation: Zynex, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 257.7 468.2 351 521 369.2 255.1
Change - 81.7% -25.03% 48.42% -29.13% -30.91%
Enterprise Value (EV) 1 248.3 436.4 343.5 527.8 400.8 289.3
Change - 75.73% -21.29% 53.66% -24.06% -27.83%
P/E 28.1x 51.8x 20.6x 31.6x 40.3x 89x
PBR 13.1x 8.24x 4.92x 7.84x 7.89x 7.15x
PEG - -7.28x 0.2x - -1x -1.3x
Capitalization / Revenue 5.67x 5.84x 2.69x 3.29x 2x 1.33x
EV / Revenue 5.46x 5.45x 2.64x 3.34x 2.17x 1.5x
EV / EBITDA 21x 36.9x 13.9x 20.2x 26.5x 26.3x
EV / EBIT 22.4x 42.6x 15.4x 23x 37.2x 48.3x
EV / FCF 149x -270x 45.4x 63.1x 21x 18.9x
FCF Yield 0.67% -0.37% 2.2% 1.58% 4.77% 5.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.2545 0.2364 0.44 0.44 0.27 0.09
Distribution rate - - - - - -
Net sales 1 45.47 80.12 130.3 158.2 184.3 192.4
EBITDA 1 11.84 11.82 24.65 26.06 15.15 11
EBIT 1 11.07 10.25 22.37 22.94 10.78 5.99
Net income 1 9.492 9.074 17.1 17.05 9.732 2.994
Net Debt 1 -9.357 -31.84 -7.524 6.815 31.59 34.19
Reference price 2 7.1545 12.2364 9.0636 13.9100 10.8900 8.0100
Nbr of stocks (in thousands) 36,018 38,266 38,728 37,453 33,904 31,846
Announcement Date 2/27/20 2/25/21 3/22/22 3/14/23 3/12/24 3/11/25
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.69M
33.55x5.86x22.46x0.27% 250B
37.53x6.7x21.23x0.64% 156B
44.07x11.66x25.74x-.--% 144B
16.51x3.39x11.05x-.--% 63.26B
34.11x6.82x21.58x-.--% 49.75B
33.56x6.64x22.54x0.6% 48.58B
18.65x2.28x11.55x2.7% 47.99B
43.7x10.61x23.39x-.--% 46.22B
76.92x7.32x22.3x-.--% 43.17B
Average 37.62x 6.81x 20.20x 0.47% 84.8B
Weighted average by Cap. 36.74x 7.04x 21.32x 0.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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