LEMAITRE VASCULAR INC (LMAT) Fundamental Analysis & Valuation

NASDAQ:LMAT • US5255582018

Current stock price

113.45 USD
+0.55 (+0.49%)
At close:
113.45 USD
0 (0%)
After Hours:

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

9

1. LMAT Profitability Analysis

1.1 Basic Checks

  • In the past year LMAT was profitable.
  • LMAT had a positive operating cash flow in the past year.
  • In the past 5 years LMAT has always been profitable.
  • In the past 5 years LMAT always reported a positive cash flow from operatings.
LMAT Yearly Net Income VS EBIT VS OCF VS FCFLMAT 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 20M 40M 60M 80M

1.2 Ratios

  • LMAT's Return On Assets of 9.38% is amongst the best of the industry. LMAT outperforms 89.30% of its industry peers.
  • LMAT's Return On Equity of 14.67% is amongst the best of the industry. LMAT outperforms 89.30% of its industry peers.
  • LMAT has a better Return On Invested Capital (9.04%) than 87.70% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for LMAT is in line with the industry average of 9.12%.
  • The 3 year average ROIC (8.61%) for LMAT is below the current ROIC(9.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.38%
ROE 14.67%
ROIC 9.04%
ROA(3y)8.68%
ROA(5y)8.37%
ROE(3y)12.61%
ROE(5y)11.22%
ROIC(3y)8.61%
ROIC(5y)8.85%
LMAT Yearly ROA, ROE, ROICLMAT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of LMAT (23.13%) is better than 94.65% of its industry peers.
  • LMAT's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 27.21%, LMAT belongs to the best of the industry, outperforming 96.26% of the companies in the same industry.
  • In the last couple of years the Operating Margin of LMAT has grown nicely.
  • LMAT has a better Gross Margin (71.53%) than 80.75% of its industry peers.
  • In the last couple of years the Gross Margin of LMAT has grown nicely.
Industry RankSector Rank
OM 27.21%
PM (TTM) 23.13%
GM 71.53%
OM growth 3Y13.74%
OM growth 5Y4.46%
PM growth 3Y22%
PM growth 5Y7.14%
GM growth 3Y3.31%
GM growth 5Y1.81%
LMAT Yearly Profit, Operating, Gross MarginsLMAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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8

2. LMAT Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LMAT is still creating some value.
  • Compared to 1 year ago, LMAT has more shares outstanding
  • The number of shares outstanding for LMAT has been increased compared to 5 years ago.
  • Compared to 1 year ago, LMAT has an improved debt to assets ratio.
LMAT Yearly Shares OutstandingLMAT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
LMAT Yearly Total Debt VS Total AssetsLMAT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • LMAT has an Altman-Z score of 9.01. This indicates that LMAT is financially healthy and has little risk of bankruptcy at the moment.
  • LMAT's Altman-Z score of 9.01 is amongst the best of the industry. LMAT outperforms 85.56% of its industry peers.
  • LMAT has a debt to FCF ratio of 2.26. This is a good value and a sign of high solvency as LMAT would need 2.26 years to pay back of all of its debts.
  • LMAT has a better Debt to FCF ratio (2.26) than 85.03% of its industry peers.
  • A Debt/Equity ratio of 0.43 indicates that LMAT is not too dependend on debt financing.
  • LMAT has a Debt to Equity ratio (0.43) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.26
Altman-Z 9.01
ROIC/WACC1.05
WACC8.64%
LMAT Yearly LT Debt VS Equity VS FCFLMAT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

  • LMAT has a Current Ratio of 12.89. 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 12.89, LMAT belongs to the top of the industry, outperforming 98.40% of the companies in the same industry.
  • A Quick Ratio of 10.95 indicates that LMAT has no problem at all paying its short term obligations.
  • The Quick ratio of LMAT (10.95) is better than 97.86% of its industry peers.
Industry RankSector Rank
Current Ratio 12.89
Quick Ratio 10.95
LMAT Yearly Current Assets VS Current LiabilitesLMAT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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

6

3. LMAT Growth Analysis

3.1 Past

  • LMAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.68%, which is quite impressive.
  • The Earnings Per Share has been growing by 17.12% on average over the past years. This is quite good.
  • The Revenue has grown by 13.53% in the past year. This is quite good.
  • The Revenue has been growing by 14.04% on average over the past years. This is quite good.
EPS 1Y (TTM)22.68%
EPS 3Y36.78%
EPS 5Y17.12%
EPS Q2Q%38.78%
Revenue 1Y (TTM)13.53%
Revenue growth 3Y15.57%
Revenue growth 5Y14.04%
Sales Q2Q%15.68%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.37% on average over the next years. This is quite good.
  • LMAT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.67% yearly.
EPS Next Y24.41%
EPS Next 2Y16.72%
EPS Next 3Y12.89%
EPS Next 5Y11.37%
Revenue Next Year12.71%
Revenue Next 2Y10.78%
Revenue Next 3Y10.08%
Revenue Next 5Y9.67%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
LMAT Yearly Revenue VS EstimatesLMAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 100M 200M 300M 400M
LMAT Yearly EPS VS EstimatesLMAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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4

4. LMAT Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 47.67 indicates a quite expensive valuation of LMAT.
  • Based on the Price/Earnings ratio, LMAT is valued a bit cheaper than the industry average as 66.31% of the companies are valued more expensively.
  • LMAT is valuated expensively when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 38.31, which means the current valuation is very expensive for LMAT.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of LMAT indicates a somewhat cheap valuation: LMAT is cheaper than 70.59% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. LMAT is valued rather expensively when compared to this.
Industry RankSector Rank
PE 47.67
Fwd PE 38.31
LMAT Price Earnings VS Forward Price EarningsLMAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • LMAT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LMAT is cheaper than 71.66% of the companies in the same industry.
  • 77.01% of the companies in the same industry are more expensive than LMAT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 34.7
EV/EBITDA 26.34
LMAT Per share dataLMAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LMAT does not grow enough to justify the current Price/Earnings ratio.
  • LMAT has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as LMAT's earnings are expected to grow with 12.89% in the coming years.
PEG (NY)1.95
PEG (5Y)2.78
EPS Next 2Y16.72%
EPS Next 3Y12.89%

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

6

5. LMAT Dividend Analysis

5.1 Amount

  • LMAT has a yearly dividend return of 0.89%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.25, LMAT pays a better dividend. On top of this LMAT pays more dividend than 91.44% of the companies listed in the same industry.
  • With a Dividend Yield of 0.89, LMAT pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.89%

5.2 History

  • The dividend of LMAT is nicely growing with an annual growth rate of 16.13%!
  • LMAT has been paying a dividend for at least 10 years, so it has 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)16.13%
Div Incr Years14
Div Non Decr Years14
LMAT Yearly Dividends per shareLMAT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 31.37% of the earnings are spent on dividend by LMAT. This is a low number and sustainable payout ratio.
  • LMAT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.37%
EPS Next 2Y16.72%
EPS Next 3Y12.89%
LMAT Yearly Income VS Free CF VS DividendLMAT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
LMAT Dividend Payout.LMAT Dividend Payout, showing the Payout Ratio.LMAT Dividend Payout.PayoutRetained Earnings

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LMAT Fundamentals: All Metrics, Ratios and Statistics

LEMAITRE VASCULAR INC

NASDAQ:LMAT (4/24/2026, 8:00:01 PM)

After market: 113.45 0 (0%)

113.45

+0.55 (+0.49%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners95.94%
Inst Owner Change0.72%
Ins Owners7.04%
Ins Owner Change-9.8%
Market Cap2.58B
Revenue(TTM)249.60M
Net Income(TTM)57.73M
Analysts80
Price Target113.07 (-0.33%)
Short Float %6.3%
Short Ratio5.67
Dividend
Industry RankSector Rank
Dividend Yield 0.89%
Yearly Dividend0.8
Dividend Growth(5Y)16.13%
DP31.37%
Div Incr Years14
Div Non Decr Years14
Ex-Date03-12
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.9%
Min EPS beat(2)0.42%
Max EPS beat(2)7.38%
EPS beat(4)3
Avg EPS beat(4)1.52%
Min EPS beat(4)-5.52%
Max EPS beat(4)7.38%
EPS beat(8)6
Avg EPS beat(8)4.19%
EPS beat(12)10
Avg EPS beat(12)5.13%
EPS beat(16)10
Avg EPS beat(16)-0.04%
Revenue beat(2)1
Avg Revenue beat(2)-1.58%
Min Revenue beat(2)-3.74%
Max Revenue beat(2)0.58%
Revenue beat(4)3
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-3.74%
Max Revenue beat(4)1.83%
Revenue beat(8)5
Avg Revenue beat(8)-0.14%
Revenue beat(12)7
Avg Revenue beat(12)0.21%
Revenue beat(16)8
Avg Revenue beat(16)-0.25%
PT rev (1m)6.94%
PT rev (3m)6.94%
EPS NQ rev (1m)0.15%
EPS NQ rev (3m)7.26%
EPS NY rev (1m)2.94%
EPS NY rev (3m)12.21%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)1.1%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)3.22%
Valuation
Industry RankSector Rank
PE 47.67
Fwd PE 38.31
P/S 10.35
P/FCF 34.7
P/OCF 31.81
P/B 6.57
P/tB 8.78
EV/EBITDA 26.34
EPS(TTM)2.38
EY2.1%
EPS(NY)2.96
Fwd EY2.61%
FCF(TTM)3.27
FCFY2.88%
OCF(TTM)3.57
OCFY3.14%
SpS10.96
BVpS17.27
TBVpS12.93
PEG (NY)1.95
PEG (5Y)2.78
Graham Number30.4147 (-73.19%)
Profitability
Industry RankSector Rank
ROA 9.38%
ROE 14.67%
ROCE 11.72%
ROIC 9.04%
ROICexc 23.78%
ROICexgc 43.2%
OM 27.21%
PM (TTM) 23.13%
GM 71.53%
FCFM 29.83%
ROA(3y)8.68%
ROA(5y)8.37%
ROE(3y)12.61%
ROE(5y)11.22%
ROIC(3y)8.61%
ROIC(5y)8.85%
ROICexc(3y)18.5%
ROICexc(5y)16.17%
ROICexgc(3y)34.8%
ROICexgc(5y)32.81%
ROCE(3y)11.16%
ROCE(5y)11.48%
ROICexgc growth 3Y19.07%
ROICexgc growth 5Y8.49%
ROICexc growth 3Y27.82%
ROICexc growth 5Y16.94%
OM growth 3Y13.74%
OM growth 5Y4.46%
PM growth 3Y22%
PM growth 5Y7.14%
GM growth 3Y3.31%
GM growth 5Y1.81%
F-Score7
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.26
Debt/EBITDA 2.15
Cap/Depr 65.11%
Cap/Sales 2.72%
Interest Coverage 250
Cash Conversion 103.73%
Profit Quality 128.99%
Current Ratio 12.89
Quick Ratio 10.95
Altman-Z 9.01
F-Score7
WACC8.64%
ROIC/WACC1.05
Cap/Depr(3y)71.15%
Cap/Depr(5y)58.36%
Cap/Sales(3y)3.21%
Cap/Sales(5y)2.96%
Profit Quality(3y)103.77%
Profit Quality(5y)106.24%
High Growth Momentum
Growth
EPS 1Y (TTM)22.68%
EPS 3Y36.78%
EPS 5Y17.12%
EPS Q2Q%38.78%
EPS Next Y24.41%
EPS Next 2Y16.72%
EPS Next 3Y12.89%
EPS Next 5Y11.37%
Revenue 1Y (TTM)13.53%
Revenue growth 3Y15.57%
Revenue growth 5Y14.04%
Sales Q2Q%15.68%
Revenue Next Year12.71%
Revenue Next 2Y10.78%
Revenue Next 3Y10.08%
Revenue Next 5Y9.67%
EBIT growth 1Y29.96%
EBIT growth 3Y31.45%
EBIT growth 5Y19.13%
EBIT Next Year39.22%
EBIT Next 3Y19.89%
EBIT Next 5Y16.94%
FCF growth 1Y100.39%
FCF growth 3Y49.81%
FCF growth 5Y18.54%
OCF growth 1Y84.14%
OCF growth 3Y47.38%
OCF growth 5Y18.48%

LEMAITRE VASCULAR INC / LMAT Fundamental Analysis 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 4 / 10 to LEMAITRE VASCULAR INC (LMAT). This can be considered as Fairly Valued.


Can you provide the profitability details for LEMAITRE VASCULAR INC?

LEMAITRE VASCULAR INC (LMAT) has a profitability rating of 9 / 10.


What is the expected EPS growth for LEMAITRE VASCULAR INC (LMAT) stock?

The Earnings per Share (EPS) of LEMAITRE VASCULAR INC (LMAT) is expected to grow by 24.41% in the next year.


Can you provide the dividend sustainability for LMAT stock?

The dividend rating of LEMAITRE VASCULAR INC (LMAT) is 6 / 10 and the dividend payout ratio is 31.37%.