MERIT MEDICAL SYSTEMS INC (MMSI) Fundamental Analysis & Valuation

NASDAQ:MMSI • US5898891040

Current stock price

70.23 USD
+1.06 (+1.53%)
At close:
70.23 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.

7

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.
  • MMSI had positive earnings in each of the past 5 years.
  • Each year in the past 5 years MMSI had a positive operating cash flow.
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 fine compared to the rest of the industry. MMSI outperforms 79.89% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.11%, MMSI is in the better half of the industry, outperforming 78.80% of the companies in the same industry.
  • MMSI's Return On Invested Capital of 6.07% is fine compared to the rest of the industry. MMSI outperforms 79.35% of its industry peers.
  • MMSI had an Average Return On Invested Capital over the past 3 years of 5.57%. This is below the industry average of 9.18%.
  • The 3 year average ROIC (5.57%) for MMSI is below the current ROIC(6.07%), indicating increased profibility in the last year.
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 80.43% 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 12.60%, MMSI is in the better half of the industry, outperforming 79.35% of the companies in the same industry.
  • MMSI's Operating Margin has improved in the last couple of years.
  • MMSI has a Gross Margin (48.70%) which is in line with its industry peers.
  • MMSI's Gross Margin has improved in the last couple of years.
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.
  • Compared to 1 year ago, MMSI has more shares outstanding
  • MMSI has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MMSI has been reduced compared to a year ago.
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 72.83% 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.
  • MMSI has a Debt to FCF ratio of 3.45. This is amongst the best in the industry. MMSI outperforms 81.52% of its industry peers.
  • MMSI has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
  • MMSI has a Debt to Equity ratio (0.46) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 3.45
Altman-Z 3.83
ROIC/WACC0.64
WACC9.54%
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.
  • The Current ratio of MMSI (4.34) is better than 70.11% of its industry peers.
  • A Quick Ratio of 2.95 indicates that MMSI has no problem at all paying its short term obligations.
  • The Quick ratio of MMSI (2.95) is better than 64.13% of its industry peers.
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

  • MMSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.06%, which is quite good.
  • Measured over the past years, MMSI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.34% on average per year.
  • The Revenue has grown by 11.75% in the past year. This is quite good.
  • MMSI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.48% yearly.
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

  • Based on estimates for the next years, MMSI will show a small growth in Earnings Per Share. The EPS will grow by 6.85% on average per year.
  • Based on estimates for the next years, MMSI will show a small growth in Revenue. The Revenue will grow by 6.40% on average per year.
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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6

4. MMSI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 18.34, 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.
  • The average S&P500 Price/Earnings ratio is at 25.96. MMSI is valued slightly cheaper when compared to this.
  • MMSI is valuated correctly with a Price/Forward Earnings ratio of 16.95.
  • Based on the Price/Forward Earnings ratio, MMSI is valued cheaper than 83.15% of the companies in the same industry.
  • MMSI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.34
Fwd PE 16.95
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMSI indicates a rather cheap valuation: MMSI is cheaper than 80.98% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, MMSI is valued cheaper than 90.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.64
EV/EBITDA 14
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.
  • MMSI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.24
PEG (5Y)1
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

  • No dividends for MMSI!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

MMSI Fundamentals: All Metrics, Ratios and Statistics

MERIT MEDICAL SYSTEMS INC

NASDAQ:MMSI (3/17/2026, 4:30:02 PM)

After market: 70.23 0 (0%)

70.23

+1.06 (+1.53%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-24
Earnings (Next)04-22
Inst Owners106.93%
Inst Owner Change-34.95%
Ins Owners0.41%
Ins Owner Change9.14%
Market Cap4.17B
Revenue(TTM)1.52B
Net Income(TTM)128.49M
Analysts84.44
Price Target106.08 (51.05%)
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)0.97%
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 18.34
Fwd PE 16.95
P/S 2.75
P/FCF 19.64
P/OCF 14.04
P/B 2.63
P/tB 7.73
EV/EBITDA 14
EPS(TTM)3.83
EY5.45%
EPS(NY)4.14
Fwd EY5.9%
FCF(TTM)3.58
FCFY5.09%
OCF(TTM)5
OCFY7.12%
SpS25.51
BVpS26.66
TBVpS9.08
PEG (NY)2.24
PEG (5Y)1
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
WACC9.54%
ROIC/WACC0.64
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 5 / 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 18.34 and the Price/Book (PB) ratio is 2.63.


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.