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4.5 (1y: +6%)
Market Cap 41.79 M P/E(ttm) 46.40
Enterprise Value 39.19 M P/B 2.62
CEMI- NAS (USA)
Chembio Diagnostics, Inc.
Not Rated
Top Ranked Predictable Companies
$4.50
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry		 vs
history
Cash to Debt 22.195
CEMI's Cash to Debt is ranked higher than
52% of the 109 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 8.36 vs. CEMI: 22.195 )
CEMI' s 10-Year Cash to Debt Range
Min: 0.21   Max: No Debt
Current: 22.2
Equity to Asset 0.777
CEMI's Equity to Asset is ranked higher than
79% of the 91 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.61 vs. CEMI: 0.777 )
CEMI' s 10-Year Equity to Asset Range
Min: -2.07   Max: 0.78
Current: 0.78
-2.07
0.78
Interest Coverage 1452
CEMI's Interest Coverage is ranked lower than
57% of the 72 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 10000.00 vs. CEMI: 1452 )
CEMI' s 10-Year Interest Coverage Range
Min: 84   Max: No Debt
Current: 1452
F-Score: 5
Z-Score: 7.89
M-Score: -1.82
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 5.70
CEMI's Operating margin (%) is ranked lower than
73% of the 59 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 12.50 vs. CEMI: 5.70 )
CEMI' s 10-Year Operating margin (%) Range
Min: -482.6   Max: 15.4
Current: 5.7
-482.6
15.4
Net-margin (%) 3.7
CEMI's Net-margin (%) is ranked lower than
81% of the 57 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 8.60 vs. CEMI: 3.7 )
CEMI' s 10-Year Net-margin (%) Range
Min: -482.6   Max: 32
Current: 3.7
-482.6
32
ROE (%) 6.8
CEMI's ROE (%) is ranked lower than
73% of the 56 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 10.30 vs. CEMI: 6.8 )
CEMI' s 10-Year ROE (%) Range
Min: -309.1   Max: 49.7
Current: 6.8
-309.1
49.7
ROA (%) 5.4
CEMI's ROA (%) is ranked lower than
63% of the 57 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 6.40 vs. CEMI: 5.4 )
CEMI' s 10-Year ROA (%) Range
Min: -2220   Max: 40.1
Current: 5.4
-2220
40.1
ROC (Joel Greenblatt) (%) 23.60
CEMI's ROC (Joel Greenblatt) (%) is ranked lower than
68% of the 59 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 36.80 vs. CEMI: 23.60 )
CEMI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -368.5   Max: 61.4
Current: 23.6
-368.5
61.4
Revenue Growth (%) 19.2
CEMI's Revenue Growth (%) is ranked higher than
83% of the 46 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 9.60 vs. CEMI: 19.2 )
CEMI' s 10-Year Revenue Growth (%) Range
Min: -26.5   Max: 46.4
Current: 19.2
-26.5
46.4
EBITDA Growth (%) 34.6
CEMI's EBITDA Growth (%) is ranked higher than
90% of the 29 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 8.80 vs. CEMI: 34.6 )
CEMI' s 10-Year EBITDA Growth (%) Range
Min: -48.7   Max: 34.6
Current: 34.6
-48.7
34.6
ยป CEMI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

CEMI Guru Trades in

Q2 2012

CEMI Guru Trades in Q2 2012

John Keeley 15,000 sh (New)
» More
Q3 2012

CEMI Guru Trades in Q3 2012

John Keeley 15,000 sh (unchged)
» More
Q4 2012

CEMI Guru Trades in Q4 2012

John Keeley Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with CEMI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2012-12-31 Sold Out 0.0016%$4.05 - $5.26 $ 4.5-1%0
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 46.40
CEMI's P/E(ttm) is ranked lower than
79% of the 62 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 22.30 vs. CEMI: 46.40 )
CEMI' s 10-Year P/E(ttm) Range
Min: 4.44   Max: 58.25
Current: 46.4
4.44
58.25
P/B 2.62
CEMI's P/B is ranked higher than
63% of the 99 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.64 vs. CEMI: 2.62 )
CEMI' s 10-Year P/B Range
Min: 0.88   Max: 8.93
Current: 2.62
0.88
8.93
P/S 1.49
CEMI's P/S is ranked higher than
72% of the 109 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.43 vs. CEMI: 1.49 )
CEMI' s 10-Year P/S Range
Min: 0.19   Max: 2.16
Current: 1.49
0.19
2.16
EV-to-EBIT 32.15
CEMI's EV-to-EBIT is ranked lower than
73% of the 82 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 17.90 vs. CEMI: 32.15 )
CEMI' s 10-Year EV-to-EBIT Range
Min: 8.9   Max: 70.5
Current: 32.15
8.9
70.5

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 7.5
CEMI's Price/Net Current Asset Value is ranked higher than
68% of the 87 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 18.80 vs. CEMI: 7.5 )
CEMI' s 10-Year Price/Net Current Asset Value Range
Min: 2.3   Max: 11.2
Current: 7.5
2.3
11.2
Price/Tangible Book 2.7
CEMI's Price/Tangible Book is ranked higher than
72% of the 88 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 4.40 vs. CEMI: 2.7 )
CEMI' s 10-Year Price/Tangible Book Range
Min: 0.9   Max: 9
Current: 2.7
0.9
9
Price/DCF (Projected) 4
CEMI's Price/DCF (Projected) is ranked lower than
92% of the 37 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.40 vs. CEMI: 4 )
CEMI' s 10-Year Price/DCF (Projected) Range
Min: 4.5   Max: 30.5
Current: 4
4.5
30.5
Price/Median PS Value 1.1
CEMI's Price/Median PS Value is ranked lower than
55% of the 96 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.10 vs. CEMI: 1.1 )
CEMI' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.4
Current: 1.1
0.3
1.4
Price/Graham Number 2.1
CEMI's Price/Graham Number is ranked lower than
55% of the 49 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.30 vs. CEMI: 2.1 )
CEMI' s 10-Year Price/Graham Number Range
Min: 0.7   Max: 5.2
Current: 2.1
0.7
5.2
Earnings Yield (Greenblatt) 3.10
CEMI's Earnings Yield (Greenblatt) is ranked lower than
71% of the 72 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 5.60 vs. CEMI: 3.10 )
CEMI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.4   Max: 11.2
Current: 3.1
1.4
11.2
Forward Rate of Return (Yacktman) -0.63
CEMI's Forward Rate of Return (Yacktman) is ranked lower than
3030300% of the 33 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 9.26 vs. CEMI: -0.63 )
CEMI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -145.7   Max: -0.6
Current: -0.63
-145.7
-0.6

Business Description

Chembio Diagnostics, Inc. was formed in 1985. On May 5, 2004, the Company completed a merger with Chembio Diagnostic Systems Inc. through which Chembio Diagnostics Systems Inc. became the Company's wholly-owned subsidiary, and through which the management and business of Chembio Diagnostic Systems Inc. became its management and business. As part of this transaction, it changed its name to Chembio Diagnostics, Inc. The Company with its subsidiaries develops, manufacture and market diagnostic tests that detect infectious diseases. The Company's main products presently commercially available are four rapid tests for the detection of HIV antibodies in whole blood, serum and plasma samples, all of which Employ lateral flow technology, and two of which were approved by the FDA in 2006. The Company's products are sold to medical laboratories and hospitals, governmental and public health entities, non-governmental organizations, medical professionals and retail establishments both domestically and internationally. The Company's products are sold either under its STAT PAK, SURE CHECK or DPP registered trademarks and/or the private labels of its marketing partners, such as is the case with the Inverness Clearview label for the Company's HIV tests in the United States. The main component of the Company's revenue growth was increased sales of its HIV tests and related components. The FDA approved its Pre-Market Applications for its SURE CHECK HIV 1/2 (and also now Inverness' Clearview Complete HIV 1/2) and HIV 1/2 STAT-PAK (now Inverness' Clearview(r) HIV 1/2 STAT-PAK in the United States only) products. The Company also has commercially available lateral flow tests for Chagas Disease and also a line of tests for the detection of tuberculosis in humans and certain animal species. All of the Company's commercially available current products Employ either in-licensed lateral flow technology or its own patented Dual Path Platform (DPP) technology. The Company's HIV tests are qualitative (reactive/non-reactive) tests. The diagnostics industry is a multi-billion dollar international industry and is intensely competitive. Many of its competitors are substantially larger and have greater financial, research, manufacturing and marketing resources. The manufacturing and marketing of the Company's existing and proposed diagnostic products are regulated by the United States Food and Drug Administration ('FDA'), United States Department of Agriculture ('USDA'), certain state and local agencies, and/or comparable regulatory bodies in other countries.
Company Website
SEC Reports
Industry: Diagnostics & Research
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