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

This company holds roughly $7M 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.

WORK Medical Technology Group Ltd. Class A

WOK

Medical - Specialties · Healthcare

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most 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

Good

Valuation

Data not available

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Winston Score History

The full picture

WORK Medical Technology Group Ltd. is a China-based medical technology company that develops and sells medical devices and related healthcare products. Its offerings are aimed at hospitals, clinics, and other healthcare providers, placing it in the broader medical specialties industry alongside other device makers serving the Chinese healthcare market.

The company earns revenue primarily through the sale of its medical devices and equipment. It operates mainly in China, which is both its largest opportunity and a key source of risk, given regulatory complexity and intense local competition. With a market cap near zero and a negative operating margin of around 25%, the company is currently spending more than it earns, meaning it is not yet profitable. The main challenge ahead is scaling revenue fast enough to cover its operating costs, while navigating China's tightly regulated medical device approval process and competing against larger, better-funded domestic and international rivals.

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

+19.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

Insider Activity

99.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

$11M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

WORK Medical Technology Group Ltd. Class A has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

9.8%

Thin — 9.8% gross margin

Profit after running costs

Operating Margin

-65.3%

Losing money on operations — -65.3%

Return on the money invested

ROCE

-12.2%

Weak — -12.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-0.2%

Shrinking sales (-0.2% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

1/5 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

-52.5%

Burning cash (-52.5%)

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

0.22

Conservative — low debt load (0.22)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

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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