MERIT MEDICAL SYSTEMS INC (MMSI) Fundamental Analysis & Valuation

NASDAQ:MMSI • US5898891040

Current stock price

69.95 USD
+1.78 (+2.61%)
At close:
69.95 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.
  • In the past 5 years MMSI has always been profitable.
  • In the past 5 years MMSI always reported a positive cash flow from operatings.
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

  • Looking at the Return On Assets, with a value of 4.78%, MMSI is in the better half of the industry, outperforming 79.89% of the companies in the same industry.
  • The Return On Equity of MMSI (8.11%) is better than 78.80% of its industry peers.
  • 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 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

  • MMSI has a better Profit Margin (8.48%) than 80.43% 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 79.35% of its industry peers.
  • In the last couple of years the Operating Margin of MMSI has grown nicely.
  • 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MMSI 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

  • MMSI has an Altman-Z score of 3.79. This indicates that MMSI is financially healthy and has little risk of bankruptcy at the moment.
  • MMSI has a Altman-Z score of 3.79. This is in the better half of the industry: MMSI outperforms 73.91% 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 better Debt to FCF ratio (3.45) than 81.52% of its industry peers.
  • A Debt/Equity ratio of 0.46 indicates that MMSI is not too dependend on debt financing.
  • MMSI has a Debt to Equity ratio of 0.46. This is comparable to the rest of the industry: MMSI outperforms 44.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 3.45
Altman-Z 3.79
ROIC/WACC0.64
WACC9.55%
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

  • A Current Ratio of 4.34 indicates that MMSI has no problem at all paying its short term obligations.
  • MMSI has a Current ratio of 4.34. This is in the better half of the industry: MMSI outperforms 69.57% of its industry peers.
  • 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.
  • With a decent Quick ratio value of 2.95, MMSI is doing good in the industry, outperforming 64.13% 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

  • The Earnings Per Share is expected to grow by 6.85% on average over the next years.
  • 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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • Based on the Price/Earnings ratio of 18.26, the valuation of MMSI can be described as rather expensive.
  • Based on the Price/Earnings ratio, MMSI is valued a bit cheaper than the industry average as 79.89% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.70, MMSI is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 16.88, which indicates a correct valuation of MMSI.
  • MMSI's Price/Forward Earnings ratio is rather cheap when compared to the industry. MMSI is 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 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.26
Fwd PE 16.88
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

  • Based on the Enterprise Value to EBITDA ratio, MMSI is valued cheaper than 81.52% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MMSI is valued cheaply inside the industry as 89.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.56
EV/EBITDA 13.81
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 MMSI does not grow enough to justify the current Price/Earnings ratio.
  • MMSI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.23
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%

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 (3/13/2026, 8:00:00 PM)

After market: 69.95 0 (0%)

69.95

+1.78 (+2.61%)

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 Cap4.16B
Revenue(TTM)1.52B
Net Income(TTM)128.49M
Analysts84.44
Price Target106.08 (51.65%)
Short Float %6.5%
Short Ratio5.38
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)-0.53%
Revenue NQ rev (3m)-0.39%
Revenue NY rev (1m)0.73%
Revenue NY rev (3m)0.73%
Valuation
Industry RankSector Rank
PE 18.26
Fwd PE 16.88
P/S 2.74
P/FCF 19.56
P/OCF 13.98
P/B 2.62
P/tB 7.7
EV/EBITDA 13.81
EPS(TTM)3.83
EY5.48%
EPS(NY)4.14
Fwd EY5.92%
FCF(TTM)3.58
FCFY5.11%
OCF(TTM)5
OCFY7.15%
SpS25.51
BVpS26.66
TBVpS9.08
PEG (NY)2.23
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 3.79
F-Score7
WACC9.55%
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 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 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 18.26 and the Price/Book (PB) ratio is 2.62.


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.