Sintx Technologies, Inc. (NASDAQ: SINT)

Sector: Healthcare Industry: Medical Devices CIK: 0001269026
Market Cap 51.59 Mn
P/B 12.68
P/E -3.11
P/S 40.62
ROIC (Qtr) -135.34
Div Yield % 0.00
Rev 1y % (Qtr) -73.97
Total Debt (Qtr) 3.39 Mn
Debt/Equity (Qtr) 0.83
Add ratio to table...

About

Sintx Technologies, Inc., often referred to as SINTX, is a company specializing in advanced ceramics, with its headquarters based in Salt Lake City, Utah. The company has been operational since December 1996 and is publicly traded on the NASDAQ stock exchange under the symbol SINT. SINTX is actively engaged in providing solutions for various applications in the biomedical, technical, and antipathogenic fields. SINTX's primary business activities encompass the manufacturing and sale of advanced ceramic products, including silicon nitride-based medical...

Read more

Investment thesis

Bull case

  • Healthy cash reserves of 6.25M provide 14.11x coverage of short-term debt 443000, demonstrating strong liquidity position and minimal refinancing risk.
  • Robust free cash flow of (7.29M) exceeds capital expenditure of (59000) by 123.59x, indicating strong organic growth funding capability.
  • Strong tangible asset base of 10.91M provides 3.22x coverage of total debt 3.39M, indicating robust asset backing and low credit risk.
  • Robust tangible asset base of 10.91M provides 3.58x coverage of working capital 3.05M, indicating strong operational backing.
  • Cash reserves of 6.25M provide ample 8.33x coverage of acquisition spending 750000, enabling strategic growth opportunities.

Bear case

  • Operating cash flow of (7.35M) barely covers its investment activities of 965000, with a coverage ratio of -7.62, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 965000 provide weak support for R&D spending of 4.33M, which is 0.22x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (7.35M) shows concerning coverage of stock compensation expenses of 1.35M, with a -5.44 ratio indicating potential earnings quality issues.
  • Operating earnings of (9.79M) show weak coverage of depreciation charges of 727000, with a -13.47 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (7.35M) barely covers operating expenses of 145000 with a -50.70 ratio, suggesting thin operational efficiency margins and limited flexibility.

Peer comparison

Companies in the Medical Devices
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ABT Abbott Laboratories 173.80 Bn 32.73 5.47 12.94 Bn
2 SYK Stryker Corp 141.15 Bn 43.48 5.62 15.86 Bn
3 MDT Medtronic plc 123.47 Bn 25.92 3.55 29.10 Bn
4 BSX Boston Scientific Corp 112.80 Bn 38.92 5.62 11.44 Bn
5 EW Edwards Lifesciences Corp 45.66 Bn 33.38 7.76 0.70 Bn
6 DXCM Dexcom Inc 27.52 Bn 32.91 5.90 1.34 Bn
7 STE STERIS plc 24.13 Bn 34.08 4.14 2.05 Bn
8 PODD Insulet Corp 17.33 Bn 70.38 6.87 1.01 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 4.47 2.13
EV to Cash from Ops. EV/CFO -6.91 2.75
EV to Debt EV to Debt 14.98 17.25
EV to EBIT EV/EBIT -5.19 2.89
EV to EBITDA EV/EBITDA -5.40 4.53
EV to Free Cash Flow [EV/FCF] EV/FCF -6.97 29.36
EV to Market Cap EV to Market Cap 0.98 25.09
EV to Revenue EV/Rev 40.00 32.80
Price to Book Value [P/B] P/B 12.68 4.73
Price to Earnings [P/E] P/E -3.11 -2.04
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) -2.47 40.22
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 1.59
Dividend per Basic Share Div per Share (Qtr) 0.00 0.10
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 -0.37
Interest Coverage Int. cover (Qtr) -181.30 196.93
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 110.37 -152.08
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 29.83 8,476.58
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -0.44
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 15.86 -792.16
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 29.95 3.79
EBIT Growth (1y) % EBIT 1y % (Qtr) 15.86 -301.80
EBT Growth (1y) % EBT 1y % (Qtr) 15.50 -121.44
EPS Growth (1y) % EPS 1y % (Qtr) 99.24 -87.51
FCF Growth (1y) % FCF 1y % (Qtr) 34.98 10.43
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -66.78 38.21
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.11 0.55
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.02
Cash Ratio Cash Ratio (Qtr) 1.44 1.80
Current Ratio Curr Ratio (Qtr) 1.70 4.18
Debt to Equity Ratio Debt/Equity (Qtr) 0.83 1.20
Interest Cover Ratio Int Coverage (Qtr) -181.30 196.93
Times Interest Earned Times Interest Earned (Qtr) -181.30 196.93
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -713.60 -2,396.63
EBIT Margin % EBIT Margin % (Qtr) -770.87 -2,478.60
EBT Margin % EBT Margin % (Qtr) -775.12 -2,690.42
Gross Margin % Gross Margin % (Qtr) 23.50 30.80
Net Profit Margin % Net Margin % (Qtr) -1,304.20 -2,821.53