Entering text into the input field will update the search result below

Pro-Dex: Awaiting San Diego Facility To Come Online, 12x P/E Looks Fair

May 10, 2023 6:26 AM ETPro-Dex, Inc. (PDEX)2 Comments
Zach Bristow profile picture
Zach Bristow


  • No major changes to the mid-term outlook for Pro-Dex after its Q2 FY'23 earnings, in my opinion.
  • Top-line continues worming higher, but we're yet to see this carry through the P&L to earnings growth.
  • The market may have it correctly priced at 12x forward earnings.
  • Net-net, reiterate hold.

Pharmaceutical industry and drug manufacturing

Extreme Media

Investment Summary

After the last publication on Pro-Dex, Inc. (NASDAQ:PDEX) in September there's been negligible price change. Shares have moved past my $14 price target but haven't displayed any remarkable technical or fundamental changes to my original hold

This article was written by

Zach Bristow profile picture
Strategist, global markets, at Bernard Holdings. Objective view on the directional bias of markets. Technical expertise bridges the complex relationships between value drivers, capital flows and price action. Clients are represented over the cross-section of financial markets, from speculators, hedgers, long-term traders and the public. Research covers investment securities and futures markets.Shoot me a message to talk trade ideas or portfolio construction. Disclaimer:All research is strictly for informational purposes only. Not to be considered investment advice. Please remember to conduct your own due diligence.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (2)

Noisia profile picture
12x earnings for a company that has temporary gross margin headwinds due to an upgrade (vs replacement cycle) and costs associated with the Franklin property. Once the new facility is up and running top line growth will accelerate, this is likely trading at a single digit multiple of CY 2024 earnings.
Zach Bristow profile picture
@Noisia Could be. Will be a big effort if so. I for one would like to see it happen. Let's see the next couple quarters of action. Hope its been a great week for you.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About PDEX

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on PDEX

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.