87.1283 USD
+0.54 (+0.62%)
We assign a fundamental rating of 6 out of 10 to MMSI. MMSI was compared to 188 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 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
Looking at the Return On Assets, with a value of 4.50%, MMSI is in the better half of the industry, outperforming 79.79% of the companies in the same industry.
MMSI has a better Return On Equity (7.74%) than 81.38% of its industry peers.
MMSI has a better Return On Invested Capital (6.02%) than 79.79% of its industry peers.
MMSI had an Average Return On Invested Capital over the past 3 years of 5.44%. This is below the industry average of 8.72%.
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
Looking at the Profit Margin, with a value of 8.02%, MMSI belongs to the top of the industry, outperforming 80.32% of the companies in the same industry.
MMSI's Profit Margin has improved in the last couple of years.
The Operating Margin of MMSI (11.89%) is better than 79.26% of its industry peers.
In the last couple of years the Operating Margin of MMSI has grown nicely.
The Gross Margin of MMSI (48.47%) is comparable to the rest of the industry.
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.
The number of shares outstanding for MMSI has been increased compared to 1 year ago.
Compared to 5 years ago, MMSI has more shares outstanding
Compared to 1 year ago, MMSI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.34 indicates that MMSI is not in any danger for bankruptcy at the moment.
MMSI has a Altman-Z score of 4.34. This is in the better half of the industry: MMSI outperforms 75.53% 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.
The Debt to FCF ratio of MMSI (3.60) is better than 82.45% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that MMSI is not too dependend on debt financing.
MMSI has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: MMSI outperforms 43.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 4.34 |
ROIC/WACC0.77
WACC7.85%
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.
With a decent Current ratio value of 4.28, MMSI is doing good in the industry, outperforming 73.40% of the companies in the same industry.
A Quick Ratio of 2.86 indicates that MMSI has no problem at all paying its short term obligations.
The Quick ratio of MMSI (2.86) is better than 65.43% 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.
The Earnings Per Share has been growing by 18.81% on average over the past years. This is quite good.
The Revenue has grown by 11.41% in the past year. This is quite good.
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
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 Y8.72%
EPS Next 2Y8.54%
EPS Next 3Y8.58%
EPS Next 5Y9.25%
Revenue Next Year11.45%
Revenue Next 2Y8.95%
Revenue Next 3Y7.91%
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.
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
MMSI is valuated rather expensively with a Price/Earnings ratio of 23.42.
MMSI's Price/Earnings ratio is rather cheap when compared to the industry. MMSI is cheaper than 80.32% of the companies in the same industry.
When comparing the Price/Earnings ratio of MMSI to the average of the S&P500 Index (26.31), we can say MMSI is valued inline with the index average.
The Price/Forward Earnings ratio is 21.25, which indicates a rather expensive current valuation of MMSI.
Based on the Price/Forward Earnings ratio, MMSI is valued a bit cheaper than the industry average as 79.79% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.56, MMSI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.42 | ||
| Fwd PE | 21.25 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMSI is valued a bit cheaper than the industry average as 77.66% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MMSI is valued cheaper than 84.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.35 | ||
| EV/EBITDA | 19.09 |
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 decent profitability rating of MMSI may justify a higher PE ratio.
PEG (NY)2.69
PEG (5Y)1.25
EPS Next 2Y8.54%
EPS Next 3Y8.58%
5. Dividend
5.1 Amount
MMSI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:MMSI (12/1/2025, 12:50:31 PM)
87.1283
+0.54 (+0.62%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners107.74%
Inst Owner Change53.1%
Ins Owners2.31%
Ins Owner Change1.69%
Market Cap5.17B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target105.06 (20.58%)
Short Float %5.34%
Short Ratio4.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-1.34%
PT rev (3m)-1.34%
EPS NQ rev (1m)1.18%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)2.04%
EPS NY rev (3m)2.86%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.42 | ||
| Fwd PE | 21.25 | ||
| P/S | 3.5 | ||
| P/FCF | 25.35 | ||
| P/OCF | 19.3 | ||
| P/B | 3.38 | ||
| P/tB | 10.68 | ||
| EV/EBITDA | 19.09 |
EPS(TTM)3.72
EY4.27%
EPS(NY)4.1
Fwd EY4.71%
FCF(TTM)3.44
FCFY3.94%
OCF(TTM)4.51
OCFY5.18%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.69
PEG (5Y)1.25
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 | 4.34 |
F-Score6
WACC7.85%
ROIC/WACC0.77
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 Y8.72%
EPS Next 2Y8.54%
EPS Next 3Y8.58%
EPS Next 5Y9.25%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y8.07%
Revenue growth 5Y6.4%
Sales Q2Q%13.04%
Revenue Next Year11.45%
Revenue Next 2Y8.95%
Revenue Next 3Y7.91%
Revenue Next 5Y7.21%
EBIT growth 1Y14.96%
EBIT growth 3Y29.73%
EBIT growth 5Y33.17%
EBIT Next Year41.2%
EBIT Next 3Y16.55%
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 of MERIT MEDICAL SYSTEMS INC (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.
What are the PE and PB ratios of MERIT MEDICAL SYSTEMS INC (MMSI) stock?
The Price/Earnings (PE) ratio for MERIT MEDICAL SYSTEMS INC (MMSI) is 23.42 and the Price/Book (PB) ratio is 3.38.
Can you provide the expected EPS growth for MMSI stock?
The Earnings per Share (EPS) of MERIT MEDICAL SYSTEMS INC (MMSI) is expected to grow by 8.72% in the next year.