CONMED CORP (CNMD) Fundamental Analysis & Valuation

NYSE:CNMD • US2074101013

Current stock price

36.9 USD
+0.27 (+0.74%)
Last:

This CNMD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. CNMD Profitability Analysis

1.1 Basic Checks

  • CNMD had positive earnings in the past year.
  • CNMD had a positive operating cash flow in the past year.
  • Of the past 5 years CNMD 4 years were profitable.
  • In the past 5 years CNMD always reported a positive cash flow from operatings.
CNMD Yearly Net Income VS EBIT VS OCF VS FCFCNMD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M 200M

1.2 Ratios

  • CNMD has a better Return On Assets (2.02%) than 74.07% of its industry peers.
  • Looking at the Return On Equity, with a value of 4.55%, CNMD is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
  • CNMD has a Return On Invested Capital of 4.23%. This is in the better half of the industry: CNMD outperforms 73.55% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CNMD is below the industry average of 9.31%.
Industry RankSector Rank
ROA 2.02%
ROE 4.55%
ROIC 4.23%
ROA(3y)3.52%
ROA(5y)2.12%
ROE(3y)8.68%
ROE(5y)4.64%
ROIC(3y)5.32%
ROIC(5y)4.74%
CNMD Yearly ROA, ROE, ROICCNMD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10

1.3 Margins

  • CNMD has a Profit Margin of 3.42%. This is in the better half of the industry: CNMD outperforms 75.13% of its industry peers.
  • In the last couple of years the Profit Margin of CNMD has grown nicely.
  • Looking at the Operating Margin, with a value of 8.39%, CNMD is in the better half of the industry, outperforming 75.66% of the companies in the same industry.
  • CNMD's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 54.59%, CNMD perfoms like the industry average, outperforming 53.97% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CNMD has remained more or less at the same level.
Industry RankSector Rank
OM 8.39%
PM (TTM) 3.42%
GM 54.59%
OM growth 3Y4.64%
OM growth 5Y1.5%
PM growth 3YN/A
PM growth 5Y25.45%
GM growth 3Y-0.47%
GM growth 5Y-0.15%
CNMD Yearly Profit, Operating, Gross MarginsCNMD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. CNMD Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CNMD is destroying value.
  • CNMD has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for CNMD has been increased compared to 5 years ago.
  • Compared to 1 year ago, CNMD has an improved debt to assets ratio.
CNMD Yearly Shares OutstandingCNMD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
CNMD Yearly Total Debt VS Total AssetsCNMD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • CNMD has an Altman-Z score of 1.82. This is not the best score and indicates that CNMD is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 1.82, CNMD perfoms like the industry average, outperforming 58.73% of the companies in the same industry.
  • The Debt to FCF ratio of CNMD is 5.53, which is a neutral value as it means it would take CNMD, 5.53 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.53, CNMD is in the better half of the industry, outperforming 77.25% of the companies in the same industry.
  • A Debt/Equity ratio of 0.81 indicates that CNMD is somewhat dependend on debt financing.
  • The Debt to Equity ratio of CNMD (0.81) is worse than 70.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF 5.53
Altman-Z 1.82
ROIC/WACC0.47
WACC8.93%
CNMD Yearly LT Debt VS Equity VS FCFCNMD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 2.14 indicates that CNMD has no problem at all paying its short term obligations.
  • CNMD has a Current ratio (2.14) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.01 indicates that CNMD should not have too much problems paying its short term obligations.
  • The Quick ratio of CNMD (1.01) is worse than 77.78% of its industry peers.
Industry RankSector Rank
Current Ratio 2.14
Quick Ratio 1.01
CNMD Yearly Current Assets VS Current LiabilitesCNMD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. CNMD Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 10.82% over the past year.
  • The Earnings Per Share has been growing by 16.37% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 5.18% in the past year.
  • Measured over the past years, CNMD shows a quite strong growth in Revenue. The Revenue has been growing by 9.77% on average per year.
EPS 1Y (TTM)10.82%
EPS 3Y20.27%
EPS 5Y16.37%
EPS Q2Q%6.72%
Revenue 1Y (TTM)5.18%
Revenue growth 3Y9.55%
Revenue growth 5Y9.77%
Sales Q2Q%7.88%

3.2 Future

  • Based on estimates for the next years, CNMD will show a small growth in Earnings Per Share. The EPS will grow by 7.09% on average per year.
  • Based on estimates for the next years, CNMD will show a small growth in Revenue. The Revenue will grow by 3.55% on average per year.
EPS Next Y-3.63%
EPS Next 2Y4.41%
EPS Next 3Y7.09%
EPS Next 5YN/A
Revenue Next Year-0.72%
Revenue Next 2Y2.34%
Revenue Next 3Y3.55%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CNMD Yearly Revenue VS EstimatesCNMD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
CNMD Yearly EPS VS EstimatesCNMD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

More info and screens

Find the best growth stocksShow best growing peers

7

4. CNMD Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.00, the valuation of CNMD can be described as reasonable.
  • Based on the Price/Earnings ratio, CNMD is valued cheaply inside the industry as 94.71% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of CNMD to the average of the S&P500 Index (25.54), we can say CNMD is valued rather cheaply.
  • CNMD is valuated reasonably with a Price/Forward Earnings ratio of 8.31.
  • 96.83% of the companies in the same industry are more expensive than CNMD, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, CNMD is valued rather cheaply.
Industry RankSector Rank
PE 8
Fwd PE 8.31
CNMD Price Earnings VS Forward Price EarningsCNMD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • CNMD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CNMD is cheaper than 91.01% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, CNMD is valued cheaper than 99.47% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.54
EV/EBITDA 10.14
CNMD Per share dataCNMD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30 40

4.3 Compensation for Growth

  • The decent profitability rating of CNMD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y4.41%
EPS Next 3Y7.09%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. CNMD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.17%, CNMD has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.24, CNMD pays a better dividend. On top of this CNMD pays more dividend than 95.77% of the companies listed in the same industry.
  • CNMD's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.17%

5.2 History

  • The dividend of CNMD has a limited annual growth rate of 0.10%.
  • CNMD has been paying a dividend for at least 10 years, so it has a reliable track record.
  • CNMD has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.1%
Div Incr Years0
Div Non Decr Years12
CNMD Yearly Dividends per shareCNMD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • CNMD pays out 52.59% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of CNMD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP52.59%
EPS Next 2Y4.41%
EPS Next 3Y7.09%
CNMD Yearly Income VS Free CF VS DividendCNMD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M
CNMD Dividend Payout.CNMD Dividend Payout, showing the Payout Ratio.CNMD Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

CNMD Fundamentals: All Metrics, Ratios and Statistics

CONMED CORP

NYSE:CNMD (3/24/2026, 2:25:47 PM)

36.9

+0.27 (+0.74%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)01-28
Earnings (Next)04-28
Inst Owners112.69%
Inst Owner Change-5.24%
Ins Owners0.28%
Ins Owner Change0.83%
Market Cap1.14B
Revenue(TTM)1.37B
Net Income(TTM)47.05M
Analysts73.33
Price Target48.35 (31.03%)
Short Float %7.95%
Short Ratio4.2
Dividend
Industry RankSector Rank
Dividend Yield 2.17%
Yearly Dividend0.8
Dividend Growth(5Y)0.1%
DP52.59%
Div Incr Years0
Div Non Decr Years12
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.3%
Min EPS beat(2)0.66%
Max EPS beat(2)5.94%
EPS beat(4)4
Avg EPS beat(4)5.44%
Min EPS beat(4)0.37%
Max EPS beat(4)14.78%
EPS beat(8)8
Avg EPS beat(8)5.62%
EPS beat(12)11
Avg EPS beat(12)4.63%
EPS beat(16)13
Avg EPS beat(16)0.77%
Revenue beat(2)0
Avg Revenue beat(2)-0.64%
Min Revenue beat(2)-1.03%
Max Revenue beat(2)-0.25%
Revenue beat(4)1
Avg Revenue beat(4)-0.38%
Min Revenue beat(4)-1.03%
Max Revenue beat(4)0.51%
Revenue beat(8)1
Avg Revenue beat(8)-0.84%
Revenue beat(12)3
Avg Revenue beat(12)-0.05%
Revenue beat(16)4
Avg Revenue beat(16)-1.46%
PT rev (1m)-2.47%
PT rev (3m)-2.07%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.72%
EPS NY rev (1m)-1.9%
EPS NY rev (3m)-2.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.91%
Revenue NY rev (1m)-1%
Revenue NY rev (3m)-1.35%
Valuation
Industry RankSector Rank
PE 8
Fwd PE 8.31
P/S 0.83
P/FCF 7.54
P/OCF 6.66
P/B 1.1
P/tB N/A
EV/EBITDA 10.14
EPS(TTM)4.61
EY12.49%
EPS(NY)4.44
Fwd EY12.04%
FCF(TTM)4.89
FCFY13.26%
OCF(TTM)5.54
OCFY15%
SpS44.59
BVpS33.51
TBVpS-11.55
PEG (NY)N/A
PEG (5Y)0.49
Graham Number58.96
Profitability
Industry RankSector Rank
ROA 2.02%
ROE 4.55%
ROCE 5.74%
ROIC 4.23%
ROICexc 4.31%
ROICexgc 14.63%
OM 8.39%
PM (TTM) 3.42%
GM 54.59%
FCFM 10.98%
ROA(3y)3.52%
ROA(5y)2.12%
ROE(3y)8.68%
ROE(5y)4.64%
ROIC(3y)5.32%
ROIC(5y)4.74%
ROICexc(3y)5.4%
ROICexc(5y)4.81%
ROICexgc(3y)19.18%
ROICexgc(5y)17.21%
ROCE(3y)7.22%
ROCE(5y)6.44%
ROICexgc growth 3Y7.2%
ROICexgc growth 5Y4.14%
ROICexc growth 3Y14.69%
ROICexc growth 5Y5.99%
OM growth 3Y4.64%
OM growth 5Y1.5%
PM growth 3YN/A
PM growth 5Y25.45%
GM growth 3Y-0.47%
GM growth 5Y-0.15%
F-Score5
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF 5.53
Debt/EBITDA 4.4
Cap/Depr 26.66%
Cap/Sales 1.44%
Interest Coverage 4.54
Cash Conversion 90.02%
Profit Quality 320.65%
Current Ratio 2.14
Quick Ratio 1.01
Altman-Z 1.82
F-Score5
WACC8.93%
ROIC/WACC0.47
Cap/Depr(3y)23.78%
Cap/Depr(5y)24.75%
Cap/Sales(3y)1.32%
Cap/Sales(5y)1.51%
Profit Quality(3y)200.6%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.82%
EPS 3Y20.27%
EPS 5Y16.37%
EPS Q2Q%6.72%
EPS Next Y-3.63%
EPS Next 2Y4.41%
EPS Next 3Y7.09%
EPS Next 5YN/A
Revenue 1Y (TTM)5.18%
Revenue growth 3Y9.55%
Revenue growth 5Y9.77%
Sales Q2Q%7.88%
Revenue Next Year-0.72%
Revenue Next 2Y2.34%
Revenue Next 3Y3.55%
Revenue Next 5YN/A
EBIT growth 1Y-44.98%
EBIT growth 3Y14.64%
EBIT growth 5Y11.42%
EBIT Next Year26.75%
EBIT Next 3Y14.3%
EBIT Next 5YN/A
FCF growth 1Y-1.95%
FCF growth 3Y135.18%
FCF growth 5Y23.98%
OCF growth 1Y2.23%
OCF growth 3Y72.25%
OCF growth 5Y21.49%

CONMED CORP / CNMD Fundamental Analysis FAQ

What is the ChartMill fundamental rating of CONMED CORP (CNMD) stock?

ChartMill assigns a fundamental rating of 5 / 10 to CNMD.


Can you provide the valuation status for CONMED CORP?

ChartMill assigns a valuation rating of 8 / 10 to CONMED CORP (CNMD). This can be considered as Undervalued.


How profitable is CONMED CORP (CNMD) stock?

CONMED CORP (CNMD) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for CNMD stock?

The Price/Earnings (PE) ratio for CONMED CORP (CNMD) is 8 and the Price/Book (PB) ratio is 1.1.


What is the expected EPS growth for CONMED CORP (CNMD) stock?

The Earnings per Share (EPS) of CONMED CORP (CNMD) is expected to decline by -3.63% in the next year.