84.22 USD
-1.52 (-1.77%)
84.22 USD
0 (0%)
Taking everything into account, LMAT scores 7 out of 10 in our fundamental rating. LMAT was compared to 184 industry peers in the Health Care Equipment & Supplies industry. LMAT has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. LMAT has a decent growth rate and is not valued too expensively. With these ratings, LMAT could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
- In the past year LMAT was profitable.
- LMAT had a positive operating cash flow in the past year.
- LMAT had positive earnings in each of the past 5 years.
- Each year in the past 5 years LMAT had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 8.92%, LMAT belongs to the best of the industry, outperforming 91.40% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 14.08%, LMAT belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
- The Return On Invested Capital of LMAT (8.43%) is better than 87.10% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for LMAT is in line with the industry average of 8.84%.
- The 3 year average ROIC (8.26%) for LMAT is below the current ROIC(8.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.92% | ||
| ROE | 14.08% | ||
| ROIC | 8.43% |
ROA(3y)7.77%
ROA(5y)8.17%
ROE(3y)10.28%
ROE(5y)10.74%
ROIC(3y)8.26%
ROIC(5y)8.93%
1.3 Margins
- LMAT's Profit Margin of 22.14% is amongst the best of the industry. LMAT outperforms 94.09% of its industry peers.
- In the last couple of years the Profit Margin of LMAT has grown nicely.
- Looking at the Operating Margin, with a value of 25.71%, LMAT belongs to the top of the industry, outperforming 95.16% of the companies in the same industry.
- In the last couple of years the Operating Margin of LMAT has grown nicely.
- LMAT's Gross Margin of 70.97% is fine compared to the rest of the industry. LMAT outperforms 79.57% of its industry peers.
- LMAT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.71% | ||
| PM (TTM) | 22.14% | ||
| GM | 70.97% |
OM growth 3Y0.27%
OM growth 5Y5.61%
PM growth 3Y4.76%
PM growth 5Y5.57%
GM growth 3Y1.48%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LMAT is destroying value.
- Compared to 1 year ago, LMAT has more shares outstanding
- LMAT has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, LMAT has a worse debt to assets ratio.
2.2 Solvency
- LMAT has an Altman-Z score of 7.22. This indicates that LMAT is financially healthy and has little risk of bankruptcy at the moment.
- LMAT has a Altman-Z score of 7.22. This is amongst the best in the industry. LMAT outperforms 85.48% of its industry peers.
- LMAT has a debt to FCF ratio of 2.54. This is a good value and a sign of high solvency as LMAT would need 2.54 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 2.54, LMAT belongs to the best of the industry, outperforming 84.41% of the companies in the same industry.
- LMAT has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of LMAT (0.44) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 2.54 | ||
| Altman-Z | 7.22 |
ROIC/WACC0.85
WACC9.92%
2.3 Liquidity
- LMAT has a Current Ratio of 13.58. This indicates that LMAT is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 13.58, LMAT belongs to the top of the industry, outperforming 97.85% of the companies in the same industry.
- LMAT has a Quick Ratio of 11.45. This indicates that LMAT is financially healthy and has no problem in meeting its short term obligations.
- LMAT has a Quick ratio of 11.45. This is amongst the best in the industry. LMAT outperforms 95.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 13.58 | ||
| Quick Ratio | 11.45 |
3. Growth
3.1 Past
- LMAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.67%, which is quite good.
- The Earnings Per Share has been growing by 17.13% on average over the past years. This is quite good.
- Looking at the last year, LMAT shows a quite strong growth in Revenue. The Revenue has grown by 13.07% in the last year.
- The Revenue has been growing by 13.41% on average over the past years. This is quite good.
EPS 1Y (TTM)19.67%
EPS 3Y15.47%
EPS 5Y17.13%
EPS Q2Q%26.53%
Revenue 1Y (TTM)13.07%
Revenue growth 3Y12.5%
Revenue growth 5Y13.41%
Sales Q2Q%11.36%
3.2 Future
- LMAT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.10% yearly.
- LMAT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.65% yearly.
EPS Next Y27.49%
EPS Next 2Y16.63%
EPS Next 3Y14.06%
EPS Next 5Y11.1%
Revenue Next Year12.78%
Revenue Next 2Y10.91%
Revenue Next 3Y10.19%
Revenue Next 5Y9.65%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 38.46, LMAT can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, LMAT is valued a bit cheaper than 71.51% of the companies in the same industry.
- LMAT is valuated rather expensively when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 31.92 indicates a quite expensive valuation of LMAT.
- LMAT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LMAT is cheaper than 71.51% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. LMAT is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.46 | ||
| Fwd PE | 31.92 |
4.2 Price Multiples
- 76.34% of the companies in the same industry are more expensive than LMAT, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, LMAT is valued cheaper than 80.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.86 | ||
| EV/EBITDA | 19.64 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The excellent profitability rating of LMAT may justify a higher PE ratio.
- LMAT's earnings are expected to grow with 14.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.4
PEG (5Y)2.25
EPS Next 2Y16.63%
EPS Next 3Y14.06%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.93%, LMAT is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.20, LMAT pays a better dividend. On top of this LMAT pays more dividend than 91.94% of the companies listed in the same industry.
- With a Dividend Yield of 0.93, LMAT pays less dividend than the S&P500 average, which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.93% |
5.2 History
- On average, the dividend of LMAT grows each year by 13.60%, which is quite nice.
- LMAT has paid a dividend for at least 10 years, which is a reliable track record.
- LMAT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)13.6%
Div Incr Years13
Div Non Decr Years13
5.3 Sustainability
- LMAT pays out 32.20% of its income as dividend. This is a sustainable payout ratio.
- LMAT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.2%
EPS Next 2Y16.63%
EPS Next 3Y14.06%
LEMAITRE VASCULAR INC / LMAT FAQ
What is the ChartMill fundamental rating of LEMAITRE VASCULAR INC (LMAT) stock?
ChartMill assigns a fundamental rating of 7 / 10 to LMAT.
What is the valuation status of LEMAITRE VASCULAR INC (LMAT) stock?
ChartMill assigns a valuation rating of 5 / 10 to LEMAITRE VASCULAR INC (LMAT). This can be considered as Fairly Valued.
How profitable is LEMAITRE VASCULAR INC (LMAT) stock?
LEMAITRE VASCULAR INC (LMAT) has a profitability rating of 9 / 10.
What is the valuation of LEMAITRE VASCULAR INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for LEMAITRE VASCULAR INC (LMAT) is 38.46 and the Price/Book (PB) ratio is 5.04.
How financially healthy is LEMAITRE VASCULAR INC?
The financial health rating of LEMAITRE VASCULAR INC (LMAT) is 7 / 10.