MERIT MEDICAL SYSTEMS INC (MMSI) Fundamental Analysis & Valuation

NASDAQ:MMSI • US5898891040

Current stock price

68.58 USD
-0.03 (-0.04%)
At close:
68.58 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

  • MMSI had positive earnings in the past year.
  • In the past year MMSI had a positive cash flow from operations.
  • Each year in the past 5 years MMSI has 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

  • MMSI has a better Return On Assets (4.78%) than 79.68% of its industry peers.
  • MMSI's Return On Equity of 8.11% is fine compared to the rest of the industry. MMSI outperforms 78.61% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.07%, MMSI is in the better half of the industry, outperforming 79.68% of the companies in the same industry.
  • MMSI had an Average Return On Invested Capital over the past 3 years of 5.57%. This is below the industry average of 9.12%.
  • 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 80.75% of its industry peers.
  • In the last couple of years the Profit Margin of MMSI has grown nicely.
  • MMSI's Operating Margin of 12.60% is amongst the best of the industry. MMSI outperforms 80.75% of its industry peers.
  • MMSI's Operating Margin has improved in the last couple of years.
  • The Gross Margin of MMSI (48.70%) is comparable to the rest of the industry.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MMSI is destroying value.
  • MMSI has more shares outstanding than it did 1 year ago.
  • MMSI has more shares outstanding than it did 5 years ago.
  • 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 3.82 indicates that MMSI is not in any danger for bankruptcy at the moment.
  • MMSI has a Altman-Z score of 3.82. This is in the better half of the industry: MMSI outperforms 72.19% 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 79.68% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.46, MMSI is in line with its industry, outperforming 42.78% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 3.45
Altman-Z 3.82
ROIC/WACC0.77
WACC7.93%
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.
  • With a decent Current ratio value of 4.34, MMSI is doing good in the industry, outperforming 68.98% of the companies in the same industry.
  • A Quick Ratio of 2.95 indicates that MMSI has no problem at all paying 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 62.57% 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

  • 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.
  • The Earnings Per Share has been growing by 18.34% on average over the past years. This is quite good.
  • Looking at the last year, MMSI shows a quite strong growth in Revenue. The Revenue has grown by 11.75% in the last year.
  • 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.
  • 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 Y7.91%
EPS Next 2Y8.15%
EPS Next 3Y7.76%
EPS Next 5Y6.85%
Revenue Next Year7%
Revenue Next 2Y6.44%
Revenue Next 3Y6.24%
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

  • The Price/Earnings ratio is 17.91, which indicates a rather expensive current valuation of MMSI.
  • Compared to the rest of the industry, the Price/Earnings ratio of MMSI indicates a rather cheap valuation: MMSI is cheaper than 82.35% of the companies listed in the same industry.
  • MMSI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
  • The Price/Forward Earnings ratio is 16.59, which indicates a correct valuation of MMSI.
  • 85.03% 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 22.24. MMSI is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.91
Fwd PE 16.59
MMSI Price Earnings VS Forward Price EarningsMMSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MMSI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MMSI is cheaper than 82.35% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MMSI is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.25
EV/EBITDA 13.94
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)2.26
PEG (5Y)0.98
EPS Next 2Y8.15%
EPS Next 3Y7.76%

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 (4/24/2026, 8:00:01 PM)

After market: 68.58 0 (0%)

68.58

-0.03 (-0.04%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-24
Earnings (Next)04-30
Inst Owners106.06%
Inst Owner Change0.28%
Ins Owners0.56%
Ins Owner Change6.84%
Market Cap4.09B
Revenue(TTM)1.52B
Net Income(TTM)128.49M
Analysts84.44
Price Target103.79 (51.34%)
Short Float %5.24%
Short Ratio3.95
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)-2.16%
PT rev (3m)-2.76%
EPS NQ rev (1m)-0.04%
EPS NQ rev (3m)-6.33%
EPS NY rev (1m)-0.26%
EPS NY rev (3m)0.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.34%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 17.91
Fwd PE 16.59
P/S 2.7
P/FCF 19.25
P/OCF 13.76
P/B 2.58
P/tB 7.58
EV/EBITDA 13.94
EPS(TTM)3.83
EY5.58%
EPS(NY)4.13
Fwd EY6.03%
FCF(TTM)3.56
FCFY5.2%
OCF(TTM)4.99
OCFY7.27%
SpS25.41
BVpS26.56
TBVpS9.05
PEG (NY)2.26
PEG (5Y)0.98
Graham Number47.8415 (-30.24%)
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 3.82
F-Score7
WACC7.93%
ROIC/WACC0.77
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 Y7.91%
EPS Next 2Y8.15%
EPS Next 3Y7.76%
EPS Next 5Y6.85%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y9.61%
Revenue growth 5Y9.48%
Sales Q2Q%10.92%
Revenue Next Year7%
Revenue Next 2Y6.44%
Revenue Next 3Y6.24%
Revenue Next 5Y6.4%
EBIT growth 1Y16.34%
EBIT growth 3Y29.03%
EBIT growth 5Y29.19%
EBIT Next Year32.13%
EBIT Next 3Y15.12%
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.


Can you provide the profitability details for MERIT MEDICAL SYSTEMS INC?

MERIT MEDICAL SYSTEMS INC (MMSI) has a profitability rating of 8 / 10.


What is the earnings growth outlook for MERIT MEDICAL SYSTEMS INC?

The Earnings per Share (EPS) of MERIT MEDICAL SYSTEMS INC (MMSI) is expected to grow by 7.91% in the next year.