EDAP TMS SA ADR (FOCL) is overvalued and Mckesson Corp (MCK) is undervalued.
Against our estimates of intrinsic value, MCK trades at the wider discount: a margin of safety of +29%, against -91% for FOCL.
Values as of the 22 Sept 2026 close.
A 1.5x revenue multiple, discounted for its losses, values the shares at $2.24; the price of $4.27 is 91% above that value.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $1250.61; the price of $891.23 is 29% below that value, and 82% of that value comes from beyond year five.
Leak Score 78/100 on 8 of 12 signals
| Metric | FOCL | MCK |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $4.27 | $891.23 |
| Intrinsic value | $2.24 | $1250.61 |
| Margin of safety | -91% | +29% |
| Leak Score | 0/100 (2/12) | 78/100 (8/12) |
| Market cap | $160M | $103.9B |
| Revenue growth, 5 years | 8.3% | 11.1% |
| Operating margin | -39.3% | 1.6% |
| Net margin | -56.3% | 1.1% |
| Return on equity | -263.8% | — |
| P/E | — | 23.9x |
| Forward P/E | — | 17.6x |
| Dividend yield | — | 0.4% |