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BioSyent

RX.V
79
Medical - Pharmaceuticals · Healthcare
Price
C$15.55
+0.80 (+5.42%)
Market Cap
C$177.9M
Exchange
Toronto Stock Exchange Ventures
Winston Score
79
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Strong
Growth
Strong
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Good
Dividends
Good

Share count falling — buybacks

10.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 12.9M (2021) → 11.5M (2025)

Winston Score History

The full picture

BioSyent is a small Canadian specialty pharmaceutical company that licenses and sells prescription drugs to hospitals and healthcare providers. It focuses on niche medical products that larger drug companies tend to ignore, including drugs used in hospital settings for things like cardiac procedures and patient recovery. Its flagship product, FeraMAX, is an iron deficiency treatment, and it also sells Cathejell and other specialty medicines primarily to Canadian healthcare professionals.

The company makes money by acquiring the Canadian rights to existing drugs developed elsewhere, then marketing and distributing them to doctors and hospitals across Canada. BioSyent operates almost entirely within Canada, which keeps its business focused but also limits its growth ceiling. Its moat comes from holding exclusive Canadian licenses for its products, which reduces direct competition, though the business faces risk if any key product loses market share or if licensing agreements are not renewed or expanded successfully.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+95.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+38.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$341,049/ year

Rising (+99% vs prior year)

0.8% of revenue

Below sector average (18%)

R&D investment increasing — building for the future

Insider Activity

38.6%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

C$12M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

BioSyent grew revenue 95% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
65.0%
Premium pricing power — 65.0% gross margin
Profit after running costs
Operating Margin
19.8%
Healthy — 19.8% operating margin
Return on the money invested
ROCE
26.8%
Exceptional — 26.8% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+40.9%
Fast-growing sales (+40.9% YoY)
Profit growth
EPS YoY
+20.5%
Earnings growing fast (+20.5% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
123%
Turns 123% of profit into real cash
Spare cash per sale
FCF Margin
21.2%
Converts sales into free cash efficiently (21.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
121.23x
Comfortably covers interest (121.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
17.7x
Fair value — P/E 17.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.1
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
1.42%
Small dividend — 1.42% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+10.5%
Dividend growing fast (10.5% YoY)

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