Quipt Home Medical (QIPT) AI Stock Analysis

• Market Cap: C$118.17M
• Dividend Yield: N/A
• Average Volume (3M): 28.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -0.70%
• EPS Growth: -102.48%
• Country: CA
• Employees: 1,200
• Sector: Healthcare
• Sector Strength: 41
• Industry: Medical - Devices
• EPS (TTM): -0.10
• Shares Outstanding: 43,443,974
• 10 Day Avg. Volume: 26,287
• 30 Day Avg. Volume: 28,636
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: C$4.01
• Price Target Upside: 42.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 69 Neutral
• Price Target: C$3.00 ▲(6.38% Upside)

Quipt Home Medical's overall stock score reflects strong revenue growth and strategic expansions, balanced by challenges in profitability and valuation concerns. The company's strategic initiatives and solid cash flow management provide a positive outlook, but the current financial metrics and market conditions present notable risks.

Positive Factors

Acquisition Strategy

Quipt announced the acquisition of a durable medical equipment provider, potentially paving the way for more strategic health system aligned deals.

Financial Stability

Quipt is positioned to navigate current challenges with $17 million in cash and additional capital available on credit and loan facilities.

Investment Offer

A non-binding offer to acquire the remaining outstanding shares of Quipt Home Medical Corp for a significant premium has been received, indicating positive potential for shareholder value.

Negative Factors

Growth Headwinds

Quipt is facing several growth headwinds, which may continue to linger and dampen organic growth, inhibiting acquisition and integration strategies.

Healthcare Sector Sentiment

The healthcare sector's overall investor sentiment has been largely negative due to challenges such as rising medical costs, inflation, and supply chain issues, making investment in companies like Quipt more challenging.

Market Challenges

Quipt's sub $100 million market cap and trading volume present challenges to attracting new institutional investors.

Quipt Home Medical Business Overview & Revenue Model

Company Description

Quipt Home Medical Corp. provides in-home medical equipment and supplies, and respiratory and durable medical equipment in the United States. It offers management of various chronic disease states focusing on patients with heart and pulmonary disease, sleep apnea, reduced mobility, and other chronic health conditions. The company also provides bariatric equipment, bathroom safety products, bilevel positive airway pressure, canes/crutches, continuous positive airway pressure, CPAP masks and accessories, hospital beds, humidifiers, nebulizers and compressors, oxygen concentrators, patient lifts, walkers, wheelchairs, and products for wound care. In addition, it offers ventilators; home-based sleep apnea and chronic obstructive pulmonary disease treatments; home-based healthcare logistics and services; medical supplies, medical equipment, mobility equipment, and respiratory equipment; and CPAP and BiPAP units, ventilation equipment and aids, daily and ambulatory aides, and equipment solutions, as well as home and hospital delivery, and oxygen therapy services. The company was formerly known as Protech Home Medical Corp. and changed its name to Quipt Home Medical Corp. in May 2021. Quipt Home Medical Corp. was incorporated in 1993 and is headquartered in Wilder, Kentucky.

How the Company Makes Money

Quipt Home Medical makes money through the sale and rental of durable medical equipment (DME) and the provision of related healthcare services. The company's key revenue streams include insurance reimbursements from government and private health insurers, direct sales to patients, and rental income from equipment provided to patients on a temporary basis. Significant factors contributing to its earnings include the growing demand for home-based healthcare solutions, strategic partnerships with healthcare providers, and a focus on expanding its service offerings and geographical reach to meet the needs of an aging population.

Quipt Home Medical Financial Statement Overview

Summary

Quipt Home Medical demonstrates strong revenue growth and robust cash flow management, which provides a stable foundation for future expansion. However, the company faces challenges in achieving net profitability and managing increasing liabilities, which are notable concerns. The company's financial health is bolstered by consistent operational cash flow, suggesting potential for improved profitability with strategic adjustments.

Income Statement

Quipt Home Medical has demonstrated consistent revenue growth, with a revenue increase from $221.74 million in 2023 to $241.93 million in TTM 2024, highlighting positive sales momentum. However, despite growing revenues and gross profit margins (71.6% in TTM 2024), profitability remains a challenge, as indicated by negative net income margins (-3% in TTM 2024). The EBIT margin is marginally positive, suggesting minimal operational profitability.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio of 0.95 in TTM 2024, reflecting balanced leverage. However, the return on equity is concerning due to negative net income, affecting shareholder returns. The equity ratio remains stable at approximately 43.8%, indicating a sound capital structure but with limited financial flexibility due to rising liabilities.

Cash Flow

Quipt Home Medical exhibits robust cash flow management, with a healthy free cash flow of $20.52 million in TTM 2024. The operating cash flow to net income ratio is strong, showcasing effective cash generation from operations despite net losses. Free cash flow growth has been variable, but the company maintains a solid cash position to support future investments and operations.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	245.91M	211.68M	139.86M	102.35M	72.64M
Gross Profit	180.18M	153.78M	106.65M	74.18M	52.70M
EBITDA	57.04M	44.07M	28.05M	13.21M	12.80M
Net Income	-6.76M	-2.78M	4.84M	-6.17M	-4.57M
Balance Sheet
Total Assets	247.25M	247.41M	132.21M	108.57M	53.95M
Cash, Cash Equivalents and Short-Term Investments	16.17M	17.21M	8.52M	34.61M	21.88M
Total Debt	99.80M	97.96M	10.93M	27.05M	17.17M
Total Liabilities	140.06M	136.29M	52.67M	49.95M	32.81M
Stockholders Equity	107.19M	111.11M	79.55M	58.62M	21.14M
Cash Flow
Free Cash Flow	25.07M	33.75M	17.38M	13.65M	―
Operating Cash Flow	35.38M	40.54M	26.34M	18.69M	―
Investing Cash Flow	-10.31M	-82.83M	-42.49M	-17.84M	―
Financing Cash Flow	-26.15M	50.87M	-9.85M	3.91M	10.48M

Quipt Home Medical Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QIPT, the sentiment is Negative. The current price of 2.82 is below the 20-day moving average (MA) of 2.96, above the 50-day MA of 2.76, and below the 200-day MA of 3.35, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 47.53 is Neutral, neither overbought nor oversold. The STOCH value of 17.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:QIPT.

Quipt Home Medical Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QIPT	69 Neutral	C$118.17M	―	-9.96%	―	-0.70%	-102.48%
ASG	60 Neutral	C$24.98M	―	-23.87%	―	18.97%	17.57%
PRN	54 Neutral	C$232.01M	―	-66.14%	―	80.62%	3.55%
Sector *	51 Neutral	$7.43B	-0.36	-45.45%	2.27%	22.98%	-2.34%
PINK	49 Neutral	C$28.44M	―	-163.62%	―	245.01%	-4.91%
TLT	48 Neutral	C$58.94M	―	-291.48%	―	-8.63%	7.04%
VPT	44 Neutral	C$18.36M	―	207.08%	―	267.59%	2.33%

Quipt Home Medical Corporate Events

Quipt Home Medical Expands Midwest Presence Through Strategic Joint Venture

Quipt Home Medical has announced a strategic joint venture with three major health systems, acquiring a 60% stake in Hart Medical Equipment. This move is set to enhance Quipt’s presence in the Midwest, particularly with its entry into the Michigan market, and is expected to add $60 million in revenue. The partnership will strengthen Quipt’s integration with healthcare systems, leveraging Hart’s established relationships with hospitals and care facilities. The transaction is anticipated to close by the end of Fiscal Q4, 2025, and is expected to align with Quipt’s strategic goals of expanding its service network and improving patient care outcomes.

The most recent analyst rating on (TSE:QIPT) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Quipt Home Medical stock, see the TSE:QIPT Stock Forecast page.

Quipt Home Medical Achieves Positive Growth and Expands Reach with Strategic Acquisition

Quipt Home Medical reported its fiscal third quarter 2025 results, highlighting a return to positive organic growth with a 1.6% increase in quarter-over-quarter revenue, despite a year-over-year decrease. The company achieved an adjusted EBITDA of 23.5% of revenue and maintained strong recurring revenue at 81%. Operationally, Quipt expanded its reach through the acquisition of a durable medical equipment provider, enhancing its presence in the Appalachian Highlands region and securing a Preferred Provider Agreement with Ballad Health. This strategic move is expected to align the acquired operation’s margins with Quipt’s historical range, supporting long-term growth and stability.

The most recent analyst rating on (TSE:QIPT) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Quipt Home Medical stock, see the TSE:QIPT Stock Forecast page.

Quipt Home Medical to Release Q3 2025 Financial Results

Quipt Home Medical Corp. is set to announce its fiscal third-quarter 2025 financial results on August 11, 2025, with a conference call scheduled for the following day. This announcement is significant as it provides insights into the company’s financial health and operational progress, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (TSE:QIPT) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Quipt Home Medical stock, see the TSE:QIPT Stock Forecast page.