Laser Master International

LMTI

Specialty Business Services · Industrials

Price

$0.36

+0.05 (+16.13%)

Market Cap

$3.9M

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Aug 31, 2009

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+3.6% over 5y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 10.5M (2003) → 10.8M (2008)

Winston Score History

The full picture

Laser Master International is a small industrial services company that provides laser-based printing and imaging solutions. Its core offerings include toner cartridge remanufacturing, printer supplies, and related document output services. The company primarily serves businesses and organizations that need reliable, cost-effective alternatives to brand-name printer consumables.

The company generates revenue by selling remanufactured and compatible toner cartridges and printer supplies, competing on price against major original equipment manufacturers like HP and Canon. It operates at a small scale, reflected in its near-zero reported market capitalization, and its competitive position depends on offering lower costs than OEM alternatives. The main risk the business faces is ongoing pressure from printer manufacturers who actively discourage third-party cartridge use through firmware updates and proprietary chip technology, which could shrink the addressable market for compatible supplies over time.

Growth Profile

For growth stock investors

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

Revenue Growth

-40.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+46.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

48.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~13 months

$2M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Laser Master 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

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

33.3%

Modest — 33.3% gross margin

Profit after running costs

Operating Margin

0.5%

Thin — 0.5% operating margin

Return on the money invested

ROCE

8.5%

Below par — 8.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

-28.2%

Shrinking sales (-28.2% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-3.4%

Burning cash (-3.4%)

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

0.95

Moderate — manageable debt (0.95)

Covers its interest

Interest Cover

2.94x

Tight — interest eats into profit (2.9x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

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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