MERIT MEDICAL SYSTEMS INC (MMSI) Fundamental Analysis & Valuation

NASDAQ:MMSI • US5898891040

Current stock price

68.73 USD
-0.58 (-0.84%)
At close:
68.73 USD
0 (0%)
After Hours:

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

8

1. MMSI Profitability Analysis

1.1 Basic Checks

  • In the past year MMSI was profitable.
  • In the past year MMSI had a positive cash flow from operations.
  • In the past 5 years MMSI has always been profitable.
  • MMSI had a positive operating cash flow in each of the past 5 years.
MMSI Yearly Net Income VS EBIT VS OCF VS FCFMMSI 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 100M 200M

1.2 Ratios

  • MMSI's Return On Assets of 4.78% is amongst the best of the industry. MMSI outperforms 80.42% of its industry peers.
  • MMSI has a Return On Equity of 8.11%. This is in the better half of the industry: MMSI outperforms 79.37% of its industry peers.
  • The Return On Invested Capital of MMSI (6.07%) is better than 79.37% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MMSI is below the industry average of 9.31%.
  • The last Return On Invested Capital (6.07%) for MMSI is above the 3 year average (5.57%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.78%
ROE 8.11%
ROIC 6.07%
ROA(3y)4.61%
ROA(5y)4.25%
ROE(3y)8.23%
ROE(5y)7.17%
ROIC(3y)5.57%
ROIC(5y)5.14%
MMSI Yearly ROA, ROE, ROICMMSI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8

1.3 Margins

  • The Profit Margin of MMSI (8.48%) is better than 80.95% of its industry peers.
  • In the last couple of years the Profit Margin of MMSI has grown nicely.
  • The Operating Margin of MMSI (12.60%) is better than 79.89% of its industry peers.
  • In the last couple of years the Operating Margin of MMSI has grown nicely.
  • MMSI's Gross Margin of 48.70% is in line compared to the rest of the industry. MMSI outperforms 45.50% of its industry peers.
  • In the last couple of years the Gross Margin of MMSI has grown nicely.
Industry RankSector Rank
OM 12.6%
PM (TTM) 8.48%
GM 48.7%
OM growth 3Y17.72%
OM growth 5Y18.01%
PM growth 3Y9.41%
PM growth 5YN/A
GM growth 3Y2.59%
GM growth 5Y3.19%
MMSI Yearly Profit, Operating, Gross MarginsMMSI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. MMSI Health Analysis

2.1 Basic Checks

  • MMSI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • MMSI has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MMSI has more shares outstanding
  • MMSI has a better debt/assets ratio than last year.
MMSI Yearly Shares OutstandingMMSI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
MMSI Yearly Total Debt VS Total AssetsMMSI 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 2.5B

2.2 Solvency

  • An Altman-Z score of 3.83 indicates that MMSI is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of MMSI (3.83) is better than 73.02% of its industry peers.
  • MMSI has a debt to FCF ratio of 3.45. This is a good value and a sign of high solvency as MMSI would need 3.45 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 3.45, MMSI belongs to the best of the industry, outperforming 81.48% of the companies in the same industry.
  • A Debt/Equity ratio of 0.46 indicates that MMSI is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.46, MMSI is in line with its industry, outperforming 45.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 3.45
Altman-Z 3.83
ROIC/WACC0.6
WACC10.15%
MMSI Yearly LT Debt VS Equity VS FCFMMSI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • MMSI has a Current Ratio of 4.34. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 4.34, MMSI is in the better half of the industry, outperforming 70.37% of the companies in the same industry.
  • MMSI has a Quick Ratio of 2.95. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.95, MMSI is in the better half of the industry, outperforming 64.02% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.34
Quick Ratio 2.95
MMSI Yearly Current Assets VS Current LiabilitesMMSI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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

5

3. MMSI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 10.06% over the past year.
  • The Earnings Per Share has been growing by 18.34% on average over the past years. This is quite good.
  • The Revenue has grown by 11.75% in the past year. This is quite good.
  • Measured over the past years, MMSI shows a quite strong growth in Revenue. The Revenue has been growing by 9.48% on average per year.
EPS 1Y (TTM)10.06%
EPS 3Y12.5%
EPS 5Y18.34%
EPS Q2Q%11.83%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y9.61%
Revenue growth 5Y9.48%
Sales Q2Q%10.92%

3.2 Future

  • MMSI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.85% yearly.
  • MMSI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.40% yearly.
EPS Next Y8.19%
EPS Next 2Y8.2%
EPS Next 3Y7.37%
EPS Next 5Y6.85%
Revenue Next Year6.94%
Revenue Next 2Y6.32%
Revenue Next 3Y5.95%
Revenue Next 5Y6.4%

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.
MMSI Yearly Revenue VS EstimatesMMSI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
MMSI Yearly EPS VS EstimatesMMSI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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Find the best growth stocksShow best growing peers

6

4. MMSI Valuation Analysis

4.1 Price/Earnings Ratio

  • MMSI is valuated rather expensively with a Price/Earnings ratio of 17.95.
  • MMSI's Price/Earnings ratio is rather cheap when compared to the industry. MMSI is cheaper than 80.95% of the companies in the same industry.
  • MMSI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.88.
  • MMSI is valuated correctly with a Price/Forward Earnings ratio of 16.59.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MMSI indicates a rather cheap valuation: MMSI is cheaper than 83.60% of the companies listed in the same industry.
  • MMSI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.95
Fwd PE 16.59
MMSI Price Earnings VS Forward Price EarningsMMSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 80.42% of the companies in the same industry are more expensive than MMSI, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, MMSI is valued cheaper than 89.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.22
EV/EBITDA 14.03
MMSI Per share dataMMSI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of MMSI may justify a higher PE ratio.
PEG (NY)2.19
PEG (5Y)0.98
EPS Next 2Y8.2%
EPS Next 3Y7.37%

More info and screens

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

0

5. MMSI Dividend Analysis

5.1 Amount

  • MMSI does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

MMSI Fundamentals: All Metrics, Ratios and Statistics

MERIT MEDICAL SYSTEMS INC

NASDAQ:MMSI (3/27/2026, 8:00:01 PM)

After market: 68.73 0 (0%)

68.73

-0.58 (-0.84%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-24
Earnings (Next)04-23
Inst Owners106.93%
Inst Owner Change-34.95%
Ins Owners0.41%
Ins Owner Change9.14%
Market Cap4.08B
Revenue(TTM)1.52B
Net Income(TTM)128.49M
Analysts84.44
Price Target104.55 (52.12%)
Short Float %6.17%
Short Ratio4.58
Dividend
Industry RankSector 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)7.64%
Min EPS beat(2)6.87%
Max EPS beat(2)8.41%
EPS beat(4)4
Avg EPS beat(4)11.07%
Min EPS beat(4)6.87%
Max EPS beat(4)16.43%
EPS beat(8)8
Avg EPS beat(8)8.59%
EPS beat(12)12
Avg EPS beat(12)8.9%
EPS beat(16)16
Avg EPS beat(16)11.03%
Revenue beat(2)1
Avg Revenue beat(2)0.16%
Min Revenue beat(2)-0.94%
Max Revenue beat(2)1.27%
Revenue beat(4)2
Avg Revenue beat(4)-0.11%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.27%
Revenue beat(8)3
Avg Revenue beat(8)-0.27%
Revenue beat(12)6
Avg Revenue beat(12)0.27%
Revenue beat(16)9
Avg Revenue beat(16)0.68%
PT rev (1m)-0.35%
PT rev (3m)0.53%
EPS NQ rev (1m)-6.3%
EPS NQ rev (3m)-6.3%
EPS NY rev (1m)0.4%
EPS NY rev (3m)1.26%
Revenue NQ rev (1m)-0.34%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.73%
Revenue NY rev (3m)0.73%
Valuation
Industry RankSector Rank
PE 17.95
Fwd PE 16.59
P/S 2.69
P/FCF 19.22
P/OCF 13.74
P/B 2.58
P/tB 7.57
EV/EBITDA 14.03
EPS(TTM)3.83
EY5.57%
EPS(NY)4.14
Fwd EY6.03%
FCF(TTM)3.58
FCFY5.2%
OCF(TTM)5
OCFY7.28%
SpS25.51
BVpS26.66
TBVpS9.08
PEG (NY)2.19
PEG (5Y)0.98
Graham Number47.93
Profitability
Industry RankSector Rank
ROA 4.78%
ROE 8.11%
ROCE 7.81%
ROIC 6.07%
ROICexc 7.42%
ROICexgc 15.54%
OM 12.6%
PM (TTM) 8.48%
GM 48.7%
FCFM 14.02%
ROA(3y)4.61%
ROA(5y)4.25%
ROE(3y)8.23%
ROE(5y)7.17%
ROIC(3y)5.57%
ROIC(5y)5.14%
ROICexc(3y)7.03%
ROICexc(5y)6.1%
ROICexgc(3y)14.25%
ROICexgc(5y)12.17%
ROCE(3y)7.17%
ROCE(5y)6.61%
ROICexgc growth 3Y19%
ROICexgc growth 5Y21.1%
ROICexc growth 3Y14.16%
ROICexc growth 5Y20.69%
OM growth 3Y17.72%
OM growth 5Y18.01%
PM growth 3Y9.41%
PM growth 5YN/A
GM growth 3Y2.59%
GM growth 5Y3.19%
F-Score7
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 3.45
Debt/EBITDA 2.34
Cap/Depr 68.88%
Cap/Sales 5.6%
Interest Coverage 9.1
Cash Conversion 94.65%
Profit Quality 165.41%
Current Ratio 4.34
Quick Ratio 2.95
Altman-Z 3.83
F-Score7
WACC10.15%
ROIC/WACC0.6
Cap/Depr(3y)48.9%
Cap/Depr(5y)47.67%
Cap/Sales(3y)3.77%
Cap/Sales(5y)3.62%
Profit Quality(3y)144.04%
Profit Quality(5y)153.03%
High Growth Momentum
Growth
EPS 1Y (TTM)10.06%
EPS 3Y12.5%
EPS 5Y18.34%
EPS Q2Q%11.83%
EPS Next Y8.19%
EPS Next 2Y8.2%
EPS Next 3Y7.37%
EPS Next 5Y6.85%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y9.61%
Revenue growth 5Y9.48%
Sales Q2Q%10.92%
Revenue Next Year6.94%
Revenue Next 2Y6.32%
Revenue Next 3Y5.95%
Revenue Next 5Y6.4%
EBIT growth 1Y16.34%
EBIT growth 3Y29.03%
EBIT growth 5Y29.19%
EBIT Next Year32.4%
EBIT Next 3Y16.34%
EBIT Next 5Y13.39%
FCF growth 1Y16.29%
FCF growth 3Y45.29%
FCF growth 5Y12.87%
OCF growth 1Y34.68%
OCF growth 3Y37.54%
OCF growth 5Y12.46%

MERIT MEDICAL SYSTEMS INC / MMSI Fundamental Analysis 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 6 / 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 8 / 10.


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

The Price/Earnings (PE) ratio for MERIT MEDICAL SYSTEMS INC (MMSI) is 17.95 and the Price/Book (PB) ratio is 2.58.


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.