80.58 USD
+0.34 (+0.42%)
Last: Jan 30, 2026, 10:15 AM
We assign a fundamental rating of 6 out of 10 to MMSI. MMSI was compared to 184 industry peers in the Health Care Equipment & Supplies industry. MMSI gets an excellent profitability rating and is at the same time showing great financial health properties. MMSI is not valued too expensively and it also shows a decent growth rate. This makes MMSI very considerable 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.
- In the past 5 years MMSI always reported a positive cash flow from operatings.
1.2 Ratios
- MMSI has a better Return On Assets (4.50%) than 80.43% of its industry peers.
- MMSI's Return On Equity of 7.74% is amongst the best of the industry. MMSI outperforms 82.07% of its industry peers.
- With a decent Return On Invested Capital value of 6.02%, MMSI is doing good in the industry, outperforming 78.80% 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 8.81%.
- The last Return On Invested Capital (6.02%) for MMSI is above the 3 year average (5.44%), which is a sign of increasing profitability.
| 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
- MMSI has a Profit Margin of 8.02%. This is amongst the best in the industry. MMSI outperforms 80.98% of its industry peers.
- In the last couple of years the Profit Margin of MMSI has grown nicely.
- Looking at the Operating Margin, with a value of 11.89%, MMSI is in the better half of the industry, outperforming 79.89% of the companies in the same industry.
- 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 42.39% of its industry peers.
- In the last couple of years the Gross Margin of MMSI has grown nicely.
| 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.
- The debt/assets ratio for MMSI has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 4.14 indicates that MMSI is not in any danger for bankruptcy at the moment.
- MMSI has a Altman-Z score of 4.14. This is in the better half of the industry: MMSI outperforms 73.91% of its industry peers.
- The Debt to FCF ratio of MMSI is 3.60, which is a good value as it means it would take MMSI, 3.60 years of fcf income to pay off all of its debts.
- MMSI's Debt to FCF ratio of 3.60 is amongst the best of the industry. MMSI outperforms 82.07% of its industry peers.
- MMSI has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
- MMSI has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: MMSI outperforms 42.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 4.14 |
ROIC/WACC0.62
WACC9.68%
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 better Current ratio (4.28) than 72.28% 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 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 |
3. Growth
3.1 Past
- MMSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.71%, which is quite good.
- MMSI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.81% yearly.
- Looking at the last year, MMSI shows a quite strong growth in Revenue. The Revenue has grown by 11.41% in the last year.
- Measured over the past years, MMSI shows a small growth in Revenue. The Revenue has been growing by 6.40% on average per year.
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
- Based on estimates for the next years, MMSI will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.25% on average per year.
- The Revenue is expected to grow by 7.21% on average over the next years.
EPS Next Y9.63%
EPS Next 2Y8.9%
EPS Next 3Y8.71%
EPS Next 5Y9.25%
Revenue Next Year11.74%
Revenue Next 2Y8.91%
Revenue Next 3Y7.83%
Revenue Next 5Y7.21%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.66, the valuation of MMSI can be described as rather expensive.
- 81.52% of the companies in the same industry are more expensive than MMSI, based on the Price/Earnings ratio.
- MMSI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.39.
- The Price/Forward Earnings ratio is 19.52, which indicates a rather expensive current valuation of MMSI.
- 81.52% of the companies in the same industry are more expensive than MMSI, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.72. MMSI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.66 | ||
| Fwd PE | 19.52 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MMSI is valued a bit cheaper than the industry average as 78.80% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, MMSI is valued cheaply inside the industry as 85.87% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.44 | ||
| EV/EBITDA | 17.78 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- MMSI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.25
PEG (5Y)1.15
EPS Next 2Y8.9%
EPS Next 3Y8.71%
5. Dividend
5.1 Amount
- No dividends for MMSI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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 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 21.66 and the Price/Book (PB) ratio is 3.12.
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.