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Pharma, biotech and medical devices

Medical consumables manufacturer financial model, built free.

A three-statement Excel model for a medical consumables and supplies maker, built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Manufactures high-volume single-use products (gloves, syringes, catheters, wound care, dental and orthodontic supplies, contact lenses) for hospitals, clinics and retail, driven by procedure volumes, tenders and raw material costs.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.

Annual · 10 years · Low detail
Medical consumables manufacturer sample model.xlsx
The How It Works sheet of the sample medical consumables manufacturer model

The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.

How it works

How the model works for a medical consumables manufacturer.

  1. How it earns revenue3 formulas
    Device sales and gross margin · All medical devices
    Device revenueUnits soldAverage selling price
    Device sales and gross margin · All medical devices
    Cost of goods soldDevice revenueGross margin
    Device sales and gross margin · All medical devices
    Units soldAnnual unit run-rate at full accessMarket access (share of markets open)from regulatory approvals and market accessshare of the year
  2. What drives its costs3 formulas
    Direct labour · All plants
    Direct labourFixed labourVariable labour (production × cost per unit)
    Operating expenses · Across the business
    Total FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
    Operating expenses · Across the business
    Total average FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
  3. What it invests in3 formulas
    Plant capex and depreciation · All plants
    Plant capital expenditureSustaining capexGrowth capex
    Plant capex and depreciation · All plants
    Plant depreciationDepreciation of existing assetsDepreciation of sustaining additionsProject 1 depreciation (from commissioning)Project 2 depreciation (from commissioning)Project 3 depreciation (from commissioning)
    Plant capex and depreciation · All plants
    Closing net book valueOpening net book valuePlant capital expenditurePlant depreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

19 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • Exchange rate (US dollar)Exchange rate by financial year
  • Operating expensesHeadcount build by function
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • DebtAmortising term loan
  • Equity raisingDistribution reinvestment plan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • InventoryWeighted average cost
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Case selectionStackable stress toggles
  • CPI forecastCPI glide path
  • Regulatory approvals and market accessApproval dates by marketWhen each device can be sold in each market, and with what probability, given regulatory clearance and reimbursement.
  • Device sales and gross marginUnits × average selling priceRevenue from devices, capital equipment, consumables and service, and the cost of goods sold.
  • Capacity and productionOperating days × daily rate
  • Direct labourFixed plus variable labour
  • Plant capex and depreciationSustaining capex plus growth projects
Key numbers

The numbers it tracks.

  1. 01units sold
  2. 02ASP
  3. 03raw material cost share
  4. 04plant utilisation
  5. 05gross margin
  6. 06EBIT margin
Used for

What it is used for.

Also used for
  • Scenarios and sensitivities
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Every healthcare model

Looking for a medical consumables manufacturer financial model template? Ours arrives built for your business, with your figures in it.

Running a small business? Read what goes into a small business financial model.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.