93.18 USD
+1.53 (+1.67%)
93.18 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MMSI. MMSI was compared to 185 industry peers in the Health Care Equipment & Supplies industry. MMSI has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MMSI has a decent growth rate and is not valued too expensively. These ratings would make MMSI suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year MMSI was profitable.
MMSI had a positive operating cash flow in the past year.
MMSI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MMSI had a positive operating cash flow.
1.2 Ratios
MMSI has a better Return On Assets (4.50%) than 80.00% of its industry peers.
With an excellent Return On Equity value of 7.74%, MMSI belongs to the best of the industry, outperforming 81.62% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.02%, MMSI is in the better half of the industry, outperforming 78.92% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MMSI is below the industry average of 8.84%.
The 3 year average ROIC (5.44%) for MMSI is below the current ROIC(6.02%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.5% | ||
| ROE | 7.74% | ||
| ROIC | 6.02% |
ROA(3y)4.5%
ROA(5y)3.17%
ROE(3y)7.7%
ROE(5y)5.35%
ROIC(3y)5.44%
ROIC(5y)4.73%
1.3 Margins
With an excellent Profit Margin value of 8.02%, MMSI belongs to the best of the industry, outperforming 80.54% of the companies in the same industry.
In the last couple of years the Profit Margin of MMSI has grown nicely.
The Operating Margin of MMSI (11.89%) is better than 80.00% of its industry peers.
In the last couple of years the Operating Margin of MMSI has grown nicely.
MMSI has a Gross Margin of 48.47%. This is comparable to the rest of the industry: MMSI outperforms 42.70% of its industry peers.
MMSI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.89% | ||
| PM (TTM) | 8.02% | ||
| GM | 48.47% |
OM growth 3Y20.05%
OM growth 5Y25.17%
PM growth 3Y25.28%
PM growth 5Y74.22%
GM growth 3Y1.65%
GM growth 5Y1.76%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MMSI is destroying value.
Compared to 1 year ago, MMSI has more shares outstanding
The number of shares outstanding for MMSI has been increased compared to 5 years ago.
MMSI has a better debt/assets ratio than last year.
2.2 Solvency
MMSI has an Altman-Z score of 4.50. This indicates that MMSI is financially healthy and has little risk of bankruptcy at the moment.
MMSI has a Altman-Z score of 4.50. This is in the better half of the industry: MMSI outperforms 76.22% of its industry peers.
MMSI has a debt to FCF ratio of 3.60. This is a good value and a sign of high solvency as MMSI would need 3.60 years to pay back of all of its debts.
MMSI has a Debt to FCF ratio of 3.60. This is amongst the best in the industry. MMSI outperforms 82.16% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that MMSI is not too dependend on debt financing.
MMSI's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. MMSI outperforms 42.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 4.5 |
ROIC/WACC0.64
WACC9.42%
2.3 Liquidity
MMSI has a Current Ratio of 4.28. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
MMSI has a Current ratio of 4.28. This is in the better half of the industry: MMSI outperforms 72.43% of its industry peers.
MMSI has a Quick Ratio of 2.86. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
MMSI has a better Quick ratio (2.86) than 64.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.71% over the past year.
Measured over the past years, MMSI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.81% on average per year.
Looking at the last year, MMSI shows a quite strong growth in Revenue. The Revenue has grown by 11.41% in the last year.
The Revenue has been growing slightly by 6.40% on average over the past years.
EPS 1Y (TTM)10.71%
EPS 3Y13.66%
EPS 5Y18.81%
EPS Q2Q%6.98%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y8.07%
Revenue growth 5Y6.4%
Sales Q2Q%13.04%
3.2 Future
The Earnings Per Share is expected to grow by 9.25% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.21% on average over the next years.
EPS Next Y9.43%
EPS Next 2Y8.44%
EPS Next 3Y8.67%
EPS Next 5Y9.25%
Revenue Next Year11.59%
Revenue Next 2Y8.91%
Revenue Next 3Y7.87%
Revenue Next 5Y7.21%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.05, the valuation of MMSI can be described as expensive.
Based on the Price/Earnings ratio, MMSI is valued a bit cheaper than 79.46% of the companies in the same industry.
MMSI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.00, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 22.77, MMSI is valued on the expensive side.
Based on the Price/Forward Earnings ratio, MMSI is valued a bit cheaper than 78.92% of the companies in the same industry.
MMSI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.05 | ||
| Fwd PE | 22.77 |
4.2 Price Multiples
76.76% of the companies in the same industry are more expensive than MMSI, based on the Enterprise Value to EBITDA ratio.
MMSI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MMSI is cheaper than 83.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.11 | ||
| EV/EBITDA | 20.13 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMSI does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of MMSI may justify a higher PE ratio.
PEG (NY)2.66
PEG (5Y)1.33
EPS Next 2Y8.44%
EPS Next 3Y8.67%
5. Dividend
5.1 Amount
No dividends for MMSI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
93.18
+1.53 (+1.67%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners105.26%
Inst Owner Change0%
Ins Owners2.24%
Ins Owner Change2.48%
Market Cap5.52B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target105.52 (13.24%)
Short Float %6.53%
Short Ratio5.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.42%
Min EPS beat(2)8.41%
Max EPS beat(2)16.43%
EPS beat(4)4
Avg EPS beat(4)11.85%
Min EPS beat(4)8.41%
Max EPS beat(4)16.43%
EPS beat(8)8
Avg EPS beat(8)8.2%
EPS beat(12)12
Avg EPS beat(12)9.61%
EPS beat(16)16
Avg EPS beat(16)12.71%
Revenue beat(2)2
Avg Revenue beat(2)0.84%
Min Revenue beat(2)0.41%
Max Revenue beat(2)1.27%
Revenue beat(4)2
Avg Revenue beat(4)-0.1%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.27%
Revenue beat(8)3
Avg Revenue beat(8)-0.23%
Revenue beat(12)6
Avg Revenue beat(12)0.28%
Revenue beat(16)10
Avg Revenue beat(16)0.77%
PT rev (1m)0.44%
PT rev (3m)-0.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)0%
EPS NY rev (3m)3.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.05 | ||
| Fwd PE | 22.77 | ||
| P/S | 3.74 | ||
| P/FCF | 27.11 | ||
| P/OCF | 20.64 | ||
| P/B | 3.61 | ||
| P/tB | 11.42 | ||
| EV/EBITDA | 20.13 |
EPS(TTM)3.72
EY3.99%
EPS(NY)4.09
Fwd EY4.39%
FCF(TTM)3.44
FCFY3.69%
OCF(TTM)4.51
OCFY4.84%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.66
PEG (5Y)1.33
Graham Number46.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.5% | ||
| ROE | 7.74% | ||
| ROCE | 7.31% | ||
| ROIC | 6.02% | ||
| ROICexc | 7.19% | ||
| ROICexgc | 15.01% | ||
| OM | 11.89% | ||
| PM (TTM) | 8.02% | ||
| GM | 48.47% | ||
| FCFM | 13.8% |
ROA(3y)4.5%
ROA(5y)3.17%
ROE(3y)7.7%
ROE(5y)5.35%
ROIC(3y)5.44%
ROIC(5y)4.73%
ROICexc(3y)6.58%
ROICexc(5y)5.49%
ROICexgc(3y)12.83%
ROICexgc(5y)10.84%
ROCE(3y)6.61%
ROCE(5y)5.76%
ROICexgc growth 3Y18.8%
ROICexgc growth 5Y28.87%
ROICexc growth 3Y17.15%
ROICexc growth 5Y28.57%
OM growth 3Y20.05%
OM growth 5Y25.17%
PM growth 3Y25.28%
PM growth 5Y74.22%
GM growth 3Y1.65%
GM growth 5Y1.76%
F-Score6
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Debt/EBITDA | 2.56 | ||
| Cap/Depr | 57.39% | ||
| Cap/Sales | 4.32% | ||
| Interest Coverage | 6.24 | ||
| Cash Conversion | 93.31% | ||
| Profit Quality | 172.08% | ||
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 | ||
| Altman-Z | 4.5 |
F-Score6
WACC9.42%
ROIC/WACC0.64
Cap/Depr(3y)44.28%
Cap/Depr(5y)44.37%
Cap/Sales(3y)3.21%
Cap/Sales(5y)3.52%
Profit Quality(3y)119.91%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.71%
EPS 3Y13.66%
EPS 5Y18.81%
EPS Q2Q%6.98%
EPS Next Y9.43%
EPS Next 2Y8.44%
EPS Next 3Y8.67%
EPS Next 5Y9.25%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y8.07%
Revenue growth 5Y6.4%
Sales Q2Q%13.04%
Revenue Next Year11.59%
Revenue Next 2Y8.91%
Revenue Next 3Y7.87%
Revenue Next 5Y7.21%
EBIT growth 1Y14.96%
EBIT growth 3Y29.73%
EBIT growth 5Y33.17%
EBIT Next Year45.11%
EBIT Next 3Y17.4%
EBIT Next 5Y15.37%
FCF growth 1Y186.22%
FCF growth 3Y16.23%
FCF growth 5YN/A
OCF growth 1Y141.3%
OCF growth 3Y14.47%
OCF growth 5Y23.2%
MERIT MEDICAL SYSTEMS INC / MMSI FAQ
Can you provide the ChartMill fundamental rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a fundamental rating of 6 / 10 to MMSI.
What is the valuation status for MMSI stock?
ChartMill assigns a valuation rating of 4 / 10 to MERIT MEDICAL SYSTEMS INC (MMSI). This can be considered as Fairly Valued.
How profitable is MERIT MEDICAL SYSTEMS INC (MMSI) stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for MMSI stock?
The Price/Earnings (PE) ratio for MERIT MEDICAL SYSTEMS INC (MMSI) is 25.05 and the Price/Book (PB) ratio is 3.61.
What is the financial health of MERIT MEDICAL SYSTEMS INC (MMSI) stock?
The financial health rating of MERIT MEDICAL SYSTEMS INC (MMSI) is 7 / 10.