Company Valuation: FONAR Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 146 122.6 105.4 118.3 107.4 98
Change - -15.97% -14.08% 12.31% -9.27% -8.73%
Enterprise Value (EV) 1 144.9 112.8 94.83 104 92.57 80.47
Change - -22.12% -15.96% 9.71% -11.02% -13.08%
P/E 17.9x 12.1x 8.54x 12.6x 10.3x 11.9x
PBR 1.16x 0.89x 0.7x 0.74x 0.65x 0.57x
PEG - 0.6x 0.4x -0.5x 0.7x -0.6x
Capitalization / Revenue 1.7x 1.36x 1.08x 1.2x 1.04x 0.94x
EV / Revenue 1.69x 1.25x 0.97x 1.05x 0.9x 0.77x
EV / EBITDA 8.25x 5.33x 3.57x 5.38x 4.38x 5.05x
EV / EBIT 10.6x 6.6x 4.31x 7.03x 5.6x 6.94x
EV / FCF 24.7x 12.2x 11.7x 12.8x 8.03x 25.7x
FCF Yield 4.05% 8.21% 8.52% 7.79% 12.5% 3.89%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 1.196 1.459 1.778 1.36 1.561 1.261
Distribution rate - - - - - -
Net sales 1 85.69 89.93 97.59 98.65 102.9 104.4
EBITDA 1 17.56 21.18 26.54 19.33 21.13 15.92
EBIT 1 13.65 17.1 22.01 14.79 16.54 11.6
Net income 1 8.24 10.21 12.44 9.376 10.57 8.334
Net Debt 1 -1.06 -9.799 -10.54 -14.3 -14.8 -17.54
Reference price 2 21.37 17.68 15.19 17.10 16.00 14.96
Nbr of stocks (in thousands) 6,830 6,937 6,937 6,921 6,711 6,551
Announcement Date 01/10/20 13/10/21 28/09/22 28/09/23 27/09/24 22/09/25
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.33x5.21x19.98x0.31% 218B
33.45x6.1x19.33x0.71% 140B
42.92x11.18x24.72x-.--% 138B
18.87x3.83x12.45x-.--% 73.14B
35.95x7.22x22.84x-.--% 52.44B
19.55x2.35x11.73x2.6% 50.85B
28.87x5.76x19.69x0.69% 41.92B
85.71x6.72x20.37x-.--% 39.42B
15.55x1.79x9.99x0.22% 32.81B
Average 34.47x 5.57x 17.90x 0.5% 87.43B
Weighted average by Cap. 33.52x 6.20x 19.24x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA