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

This company holds roughly $126,905 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.

Lancer Orthodontics logo

Lancer Orthodontics

LANZ
32
Medical - Specialties · Healthcare
Winston Score
32
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Aug 31, 2004
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Good

Winston Score History

The full picture

Lancer Orthodontics makes dental products used by orthodontists — the dentists who straighten teeth. Its core products include metal and ceramic braces, brackets, wires, and other tools that orthodontists use every day in their clinics. The company sells directly to dental professionals, placing it in the specialized medical supplies market.

Lancer generates revenue by selling these orthodontic supplies to dental practices, primarily in the United States but also in international markets. It is a small company with a market cap near zero, meaning it competes against much larger players like 3M and Dentsply Sirona, which have stronger brand recognition and bigger distribution networks. The main risk the company faces is margin pressure — with a gross margin around 31% and an operating margin barely above zero, there is very little room for error, and any cost increases or pricing competition could push the business into a loss.

Growth Profile

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

Revenue Growth

-5.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+261.4% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

6.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~23 months

$304,145 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Lancer Orthodontics'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
27.6%
Modest — 27.6% gross margin
Profit after running costs
Operating Margin
5.5%
Thin — 5.5% operating margin
Return on the money invested
ROCE
2.4%
Weak — 2.4% 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
+4.5%
Slow sales growth (+4.5% YoY)
Profit growth
EPS YoY
N/A
Data not available
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
-114%
Weak — only -114% of profit becomes cash
Spare cash per sale
FCF Margin
-6.9%
Burning cash (-6.9%)

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
N/A
Data not available
Covers its interest
Interest Cover
43.16x
Comfortably covers interest (43.2x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
4.0x
no trend
Attractive valuation — P/E 4.0

P/E under 10. The price tag is small relative to last year's profit.

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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