CorMedix Inc.

CorMedix Inc.

CRMDยทNASDAQ

$8.23

+0.73%
HealthcareBiotechnology

CorMedix Inc., a biopharmaceutical company, focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the United States and internationally. Its lead product candidate is DefenCath/Neutrolin, a novel anti-infective solution for the reduction and prevention of catheter-related infections and thrombosis in patients requiring central venous catheters in clinical settings, such as hemodialysis, total parenteral nutrition, and oncology. The company was formerly known as Picton Holding Company, Inc. and changed its name to CorMedix, Inc. in January 2007. CorMedix Inc. was incorporated in 2006 and is based in Berkeley Heights, New Jersey.

At a Glance

Live Snapshot
Market Cap$645.66M
EPS2.2500
P/E Ratio3.66
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 3.7).

Valuation inputs: P/E 3.7, earnings yield +27.3%, momentum +0.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +40.2%, ROIC +24.9%).

Profitability stack: net margin +52.3%, ROE +40.2%, ROIC +24.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +50.9%, momentum +0.7%, net margin +52.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

crmd

CorMedix Inc. Market vs Earnings Trajectory

CRMD ยท NASDAQ

Loading price and EPS data...

CorMedix Inc.

CorMedix Inc. Fair Value Envelope

CRMD ยท NASDAQ

Our analysis suggests that CRMD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.23, this represents a potential HIDDEN relative to our calculated worth for CorMedix Inc..

Intrinsic Value
Current Price: $8.23
3Y-404.0%
5Y-392.0%
10Y-169.0%
3Y+476461.0%
5Y+130196.0%
10Y+138991.0%
3Y-649.0%
5Y-840.0%
10Y-762.0%
3Y-819.0%
5Y-897.0%
10Y-886.0%
3Y-803.0%
5Y-883.0%
10Y-874.0%
3Y+1232.0%
5Y+1575.0%
10Y+3671.0%
CorMedix Inc.

CorMedix Inc. Profit Bridge

CRMD ยท NASDAQ
Revenue311.71M
Cost of Goods Sold (35.96M)
Gross Profit275.75M
Operating Expenses (125.61M)
Operating Income150.14M
Interest Expense (2.78M)
Other Income/Expense-125.00K
Pretax Income150.02M
Income Tax (-13.04M)
Net Income163.06M
Net Income
163.06M

Profitability Analysis

Gross Margin

88.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

48.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

52.3%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

-8.7%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

88.46%
Gross Profit Margin
-5%
3Y-6.0%
5Y+515.0%
10Y-239.0%
48.17%
Operating Profit Margin
-194%
3Y-100.0%
5Y-100.0%
10Y-100.0%
52.31%
Net Profit Margin
-227%
3Y-100.0%
5Y-101.0%
10Y-100.0%
40.23%
Return on Equity
-290%
3Y-175.0%
5Y-181.0%
10Y-129.0%
19.74%
Return on Assets
-231%
3Y-141.0%
5Y-144.0%
10Y-118.0%
24.90%
Return on Invested Capital
-202%
3Y-146.0%
5Y-151.0%
10Y-118.0%
CRMD

CorMedix Inc. Cash Conversion Engine

CRMD ยท NASDAQ
Net Income163.06M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital7.27M
Others4.72M
Capital Expenditures-2.26M
Free Cash Flow172.79M

Cash Flow Quality Analysis

FCF Conversion Rate

106.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

1.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+440.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$7.27M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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CorMedix Inc. Funding & Solvency Profile

CRMD ยท NASDAQ
Cash & Cash Equivalents178.09M
Net Receivables154.81M
Inventory30.73M
Other Current Assets19.49M
Total Current Assets383 M
Property, Plant & Equipment6.17M
Goodwill & Intangible Assets398.77M
Long-Term Investments0.00
Other Non-Current Assets24.27M
Total Non-Current Assets30 M
Total Assets
815.64M

Financial Health Analysis

Current Ratio

2.98x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.87x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

254 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

47% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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CorMedix Inc. Street Expectations Map

CRMD ยท NASDAQ

Wall Street analysts project that CRMD stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 14.00, with estimates ranging from a low of 13.00 to a high of 16.00.

Lowest Target
13.00
57.96%
Consensus Target
14.00
70.11%
Highest Target
16.00
94.41%

The consensus 1-year price target stands at 14.00, with estimates ranging from a low of 13.00 to a high of 16.00.

Analyst Consensus Analysis

Upside Potential

+70.1%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

21.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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CorMedix Inc. Insider Positioning

CRMD ยท NASDAQ

During the last 12 months, insiders have purchased $386K and sold $2.64M worth of CRMD shares, resulting in $2.26M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

134.0K

1.57M

Net Activity

-1.6M

-$1.57M

6-9 Months

Bought

38.3K

386.43K

Sold

103.0K

1.07M

Net Activity

-684K

-$684K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
KM

Kaplan Myron

Director

25.0K sharesโ€ข1 transactions

$276K

2
DGS

Duncan Gregory Scott

Director

13.3K sharesโ€ข1 transactions

$111K

Top Sellers

1
DJ

Dillione Janet

Director

147.0K sharesโ€ข5 transactions

$1.55M

2
LSW

Lefkowitz Steven W

Director

40.0K sharesโ€ข1 transactions

$475K

3
TJ

Todisco Joseph

Director, Officer: Chief Executive Officer

30.0K sharesโ€ข1 transactions

$360K

4
DAW

Dunton Alan W

Director

20.0K sharesโ€ข1 transactions

$260K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $2.26M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.15:1

Weak buy/sell ratio. Selling significantly exceeds buyingโ€”monitor for potential fundamental concerns.

Insider Participation

Moderate Selling

4 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

No Dividend Yield Data

CRMD has not reported any dividend yield values in the available annual periods.

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crmd Dividend History

CRMD
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%