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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $30M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Jin Medical International logo

Jin Medical International

ZJYL
29
Medical - Instruments & Supplies · Healthcare
Exchange
NASDAQ Capital Market
Winston Score
29
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Strong
Valuation
Mixed

Winston Score History

The full picture

Jin Medical International Ltd. is a Chinese company that makes mobility aids and rehabilitation equipment. Its main products include wheelchairs, walking aids, and related assistive devices. The company sells primarily to hospitals, rehabilitation centers, and individual patients across China, serving an aging population that increasingly needs help with movement and daily living.

Jin Medical earns revenue by manufacturing and selling its products directly and through distributors. It operates mainly in China, which is one of the world's largest and fastest-growing markets for elderly care products due to its rapidly aging population. The company is small, with a near-zero market cap, thin operating margins around 2%, and a very low return on invested capital, which suggests limited pricing power and intense competition from both domestic and international medical device makers. The key risk is that the company must scale efficiently in a crowded market while managing costs, as its current profitability leaves little room for error.

Growth Profile

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

Revenue Growth

-9.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-15.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

76.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$30M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$30M cash & investments at current burn rate

Revenue declining

Jin Medical International's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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

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Quality

Profit per sale
Gross Margin
26.9%
Modest — 26.9% gross margin
Profit after running costs
Operating Margin
-7.2%
Losing money on operations — -7.2%
Return on the money invested
ROCE
0.8%
Weak — 0.8% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
-13.6%
Shrinking sales (-13.6% YoY)
Profit growth
EPS YoY
-35.9%
Earnings shrinking (-35.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
-51%
Weak — only -51% of profit becomes cash
Spare cash per sale
FCF Margin
-35.3%
Burning cash (-35.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.68
Moderate — manageable debt (0.68)
Covers its interest
Interest Cover
100.00x
Comfortably covers interest (100.0x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
20.8x
no trend
Growth-priced — P/E 20.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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