Viemed HEALTHCARE, Inc. (VMD) intrinsic value & 10-year financials
Viemed HEALTHCARE, Inc. (VMD) has a Graham intrinsic value of $6.79 per share. At $9.48 on Oct 17, 2026, the stock trades 40% above that value. Over the last 9 fiscal years revenue grew 22.7% a year to $270.3M, with an average return on invested capital of 22.6%.
- Graham intrinsic value
- $6.79
- Share price (Oct 17, 2026)
- $9.48
- Price vs Graham value
- 40% above
- Market cap
- $387.0M
- Revenue (FY2025)
- $270.3M
- Revenue growth (9-yr CAGR)
- 22.7%
- ROIC (10-yr avg)
- 22.6%
- Free cash flow (FY2025)
- $11.9M
VMD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $270.3M | $14.9M | $0.37 | $11.9M | 8.5% | 12.2% |
| FY2024 | $224.3M | $11.3M | $0.28 | $1.3M | 8.0% | 10.9% |
| FY2023 | $183.0M | $10.2M | $0.25 | $19.1M | 7.8% | 10.7% |
| FY2022 | $138.8M | $6.2M | $0.16 | $4.8M | 5.9% | 7.5% |
| FY2021 | $117.1M | $9.1M | $0.22 | $2.8M | 9.9% | 12.9% |
| FY2020 | $131.3M | $31.5M | $0.78 | $22.1M | 20.4% | 54.6% |
| FY2019 | $80.3M | $8.5M | $0.21 | $5.7M | 10.9% | 27.4% |
| FY2018 | $64.5M | $9.5M | $0.24 | $16.3M | 15.6% | 44.6% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
VIEMED HEALTHCARE, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
VIEMED HEALTHCARE, INC. has earned high returns on invested capital, averaging 22.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
VIEMED HEALTHCARE, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, VIEMED HEALTHCARE, INC. is modeled at 6.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.79 per share.