Underwood Horse Medicine Inc
How we got $1.6M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Underwood Horse Medicine is a family owned business in Wynnewood, Oklahoma that sells a topical wound spray for horses. It says the product is safe, effective, reliable, economical and easy to use.
From the company's website. Industry: Medicinal and Botanical Manufacturing.
Estimated value over time
▲ 5% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| UNDERWOOD HORSE MEDICINE INC this business | $2.6M | — |
| AVARA PHARMACEUTICAL SERVICES, INC. Norman | $110.7M | 43.0 mi |
| IMMUNO-MYCOLOGICS, INC. Norman · 82 employees | $62.4M | 45.0 mi |
| HOME CARE PHARMACY, INC. Oklahoma City · 1 employees | $1.2M | 56.9 mi |
| AMERI-KAL LLC Oklahoma City · 16 employees | $9.8M | 60.5 mi |
| PRIVATE LABEL SUPPLEMENTS, LLC Oklahoma City · 35 employees | $15.0M | 60.5 mi |
| ULTRA BOTANICA LLC Oklahoma City · 15 employees | $4.9M | 61.7 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.7M |
| Estimate: the two combined (geometric mean) | $2.6M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $366K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.6M |
| Multiple for this size and industry | 4.5× |
| Value range | $866K – $2.3M |
| Revenue range | $1.7M – $2.9M |
| EBITDA range | $241K – $417K |
| Industry (NAICS) | Medicinal and Botanical Manufacturing (325411) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Underwood Horse Medicine is a family owned business operating out of Wynnewood, Oklahoma for the last 30 years.”
Leadership
- BUBrandon UnderwoodContact · Company website · source
- RURoss UnderwoodContact · Company website · source
Advisors
- BankingThe State Bank of WynnewoodPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| The State Bank of Wynnewood PPP 2020 | All 36 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $33K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Underwood Horse Medicine Inc
Underwood Horse Medicine Inc is a family-owned medicinal and botanical manufacturing company in Wynnewood, Oklahoma. Its estimated annual revenue is about $2.6M, with roughly $366K of EBITDA. It has about 4 employees. Its estimated business value is $1.6M (likely range $866K–$2.3M).
Common questions
- Who owns Underwood Horse Medicine Inc?
- The owner of Underwood Horse Medicine Inc isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Underwood Horse Medicine Inc make?
- SeeBITDA estimates Underwood Horse Medicine Inc's annual revenue at about $2.6M (likely between $1.7M and $2.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Underwood Horse Medicine Inc worth?
- About $1.6M, roughly 4.5× its estimated EBITDA of $366K, typical for a medicinal and botanical manufacturing company its size. Likely range: $866K–$2.3M.
- How many employees does Underwood Horse Medicine Inc have?
- About 4, as reported on its PPP loan.