Medi Lifestyle Limited (Z4D) AI Stock Analysis

• Market Cap: S$5.29M
• Dividend Yield: N/A
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Care Facilities
• EPS (TTM): >-0.01
• Shares Outstanding: 378,122,000
• 10 Day Avg. Volume: 2,787,930
• 30 Day Avg. Volume: 1,454,443
• PEG Ratio: 0.01
• Price to Book (P/B): -2.70
• Price to Sales (P/S): 2.33
• P/FCF Ratio: -0.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: S$0.01 ▲(10.00% Upside)

The score is held down primarily by weak financial performance—persistent losses, negative equity, and ongoing negative operating/free cash flow. Technicals provide some support via price strength above key moving averages, but momentum is mixed with an extremely high RSI. Valuation remains challenging due to negative earnings and no dividend yield data.

Positive Factors

Debt Reduction

A meaningful reduction in debt by 2024 improves solvency and reduces near-term financing pressure for a company with a weak equity base. Lower debt can extend runway, reduce interest costs and make future financing less dilutive or costly, aiding operational continuity.

Revenue Rebound

A very large reported revenue increase signals renewed demand or successful commercial execution versus prior years. If sustained, that top-line recovery can support scale economies, improve gross margins over time, and provide a path toward narrowing structural losses.

Market Liquidity

High average trading volume indicates relatively strong liquidity for the stock, which supports reliable price discovery and easier access to public capital. For a cash-burning operator, tradability aids the firm’s ability to raise equity or execute strategic transactions when needed.

Negative Factors

Negative Shareholder Equity

A multi-year negative equity position weakens the balance sheet's ability to absorb further losses, restricts borrowing capacity and may trigger creditor covenants or refinancing difficulties. This structural capital deficit raises long-term financial fragility risk.

Consistent Cash Burn

Repeated negative operating and free cash flows indicate the business cannot self-finance operations or invest without external funding. Persistent cash burn forces reliance on capital markets or creditors, increasing dilution risk and limiting strategic optionality over months.

Unprofitable Core Operations

A negative gross profit and large operating losses imply core unit economics are currently unviable. Structural margin problems like these suggest the business model or cost base needs material change to reach break-even, complicating durable profitability prospects.

Medi Lifestyle Limited Business Overview & Revenue Model

Company Description

Medi Lifestyle Limited, an investment holding company, provides placement services in Malaysia, Singapore, and China. It operates through Healthcare, Outsourced Services, and Commodity Trading segments. The company offers postpartum recovery services under the NADORA brand; and alternative medicines and physical therapy services, such as chiropractic and physiotherapy, and traditional Chinese medicines under the Back to Life brand name. It also engages in agricultural commodities trading, including coffee beans and derivatives of palm oil; and marketing and sale of healthcare related products. In addition, the company provides recruitment agency, rendering confinement and postnatal care, consultancy, digital marketing, business process outsourcing, and human resource services. Further, it operates a postpartum care center, and chiropractic and physiotherapy centers. The company was formerly known as IEV Holdings Limited and changed its name to Medi Lifestyle Limited in November 2020. Medi Lifestyle Limited was founded in 1986 and is headquartered in Singapore.

How the Company Makes Money

Medi Lifestyle Limited Financial Statement Overview

Summary

Financial health appears high-risk: profitability is deeply negative with gross profit turning negative in 2024, shareholder equity is persistently negative (2021–2024), and operating/free cash flow are negative every year, indicating ongoing cash burn. Debt reduction in 2024 is a positive, but not enough to offset weak margins and cash generation.

Income Statement

Revenue has been volatile (down in 2022–2023, then a sharp rebound in 2024), but profitability remains very weak. Gross profit turned negative in 2024 and operating results are deeply loss-making across all years, with net margins consistently and materially negative—signaling a business still far from break-even despite the recent top-line recovery.

Balance Sheet

The balance sheet is strained, highlighted by persistently negative shareholder equity from 2021–2024, which increases financial risk and limits flexibility. Debt has come down meaningfully by 2024 versus 2021–2023, but leverage remains a concern given the equity deficit and ongoing losses.

Cash Flow

Cash generation is a major weakness: operating cash flow and free cash flow are negative in every year shown, including a large outflow in 2024. While free cash flow moved around year to year, the overall pattern suggests continued cash burn and reliance on external funding or balance sheet actions to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.39M	1.84M	1.94M	2.40M	1.40M	204.46K
Gross Profit	-108.00K	-211.71K	154.33K	92.91K	491.58K	13.00K
EBITDA	-4.01M	-4.69M	-6.18M	-3.49M	-9.15M	-1.28M
Net Income	-4.36M	-5.34M	-7.19M	-4.30M	-23.72M	-907.35K
Balance Sheet
Total Assets	2.46M	1.86M	811.50K	2.18M	4.03M	6.88M
Cash, Cash Equivalents and Short-Term Investments	296.00K	1.07M	106.11K	510.06K	1.22M	162.74K
Total Debt	1.25M	1.57M	3.84M	3.53M	4.96M	2.50M
Total Liabilities	4.71M	3.45M	10.03M	10.89M	9.96M	4.38M
Stockholders Equity	-2.24M	-1.59M	-9.22M	-8.71M	-5.93M	2.50M
Cash Flow
Free Cash Flow	-3.86M	-6.54M	-6.83M	-2.31M	-4.31M	-3.56M
Operating Cash Flow	-3.86M	-6.54M	-6.81M	-2.12M	-4.11M	-3.45M
Investing Cash Flow	0.00	0.00	-24.83K	-191.16K	-197.61K	534.28K
Financing Cash Flow	4.58M	7.54M	6.38M	1.44M	5.02M	2.89M

Medi Lifestyle Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5AU	68 Neutral	S$23.86M	11.69	3.57%	3.62%	2.58%	63.16%
5NF	64 Neutral	S$43.65M	16.03	8.43%	―	5.71%	―
C9Q	55 Neutral	S$97.92M	9.36	2.82%	―	-17.82%	-75.83%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
Z4D	45 Neutral	S$5.29M	-1.51	―	―	―	―
BLZ	43 Neutral	S$13.57M	-4.50	-9.72%	―	-31.80%	32.12%

Medi Lifestyle Limited Corporate Events

Medi Lifestyle Holds Extraordinary General Meeting to Vote on Inter-Conditional Resolutions

Medi Lifestyle Limited convened an Extraordinary General Meeting (EGM) on 22 December 2025 at its Singapore office, chaired by Executive Chairman and CEO Herry Pudjianto and attended by board members and senior management, with one director participating electronically. The meeting confirmed the presence of a quorum, took the previously circulated notice and circular as read, appointed a scrutineer and polling agent, and informed shareholders that three inter-conditional ordinary resolutions would be decided by poll voting, with no questions submitted in advance and shareholders invited to raise queries on the proposed resolutions during the session.

The most recent analyst rating on (SG:Z4D) stock is a Hold with a S$0.01 price target. To see the full list of analyst forecasts on Medi Lifestyle Limited stock, see the SG:Z4D Stock Forecast page.

Medi Lifestyle Announces Debt Conversion Approval for SGX Listing

Medi Lifestyle Limited has announced the receipt of a listing and quotation notice from the SGX-ST for the proposed conversion of outstanding debt into new ordinary shares. This conversion, involving 213,965,134 shares at S$0.015 each, is subject to shareholder approval and compliance with SGX-ST listing requirements. The announcement marks a significant step in the company’s financial restructuring, potentially impacting its market positioning and stakeholder interests.

Medi Lifestyle Secures Additional Loan from Lingholm Holdings

Medi Lifestyle Limited has entered into a new loan agreement with Lingholm Holdings Pte. Ltd., securing a non-interest bearing loan of up to S$204,000. This agreement follows previous loans from Lingholm, totaling S$3.4 million. The loan will be used for corporate exercises and includes terms allowing Lingholm to influence board changes, reflecting a strategic financial maneuver to support the company’s operations and governance.