Viemed Healthcare, Inc.
VMD · Healthcare · $458.5M mkt cap · FY2025 filings · Wide moat
On the watchlist
The four filters
Pricing power93
Median gross margin 61.3% over 8y, stable.
Returns on capital59
Median ROIC 11.6%, above the 9% hurdle in 88% of years.
Balance-sheet safety100
Net cash position — no leverage risk.
Capital discipline77
Owner earnings +23.6%/yr, share count growing (dilution).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $10.2M
- Est. intrinsic value / share
- $2.99
- Recent price
- $12.06
- Discount to value
- 303% above value
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.