87.39 USD
0 (0%)
87.39 USD
0 (0%)
Overall MMSI gets a fundamental rating of 6 out of 10. We evaluated MMSI against 186 industry peers in the Health Care Equipment & Supplies industry. Both the health and profitability get an excellent rating, making MMSI a very profitable company, without any liquidiy or solvency issues. 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.
In the past year MMSI had a positive cash flow from operations.
Of the past 5 years MMSI 4 years were profitable.
In the past 5 years MMSI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MMSI (4.50%) is better than 80.11% of its industry peers.
MMSI has a Return On Equity of 7.74%. This is amongst the best in the industry. MMSI outperforms 81.72% of its industry peers.
MMSI has a Return On Invested Capital of 6.02%. This is in the better half of the industry: MMSI outperforms 79.03% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MMSI is below the industry average of 8.84%.
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
MMSI has a better Profit Margin (8.02%) than 80.65% of its industry peers.
In the last couple of years the Profit Margin of MMSI has grown nicely.
MMSI has a better Operating Margin (11.89%) than 80.11% of its industry peers.
MMSI's Operating Margin has improved in the last couple of years.
MMSI's Gross Margin of 48.47% is in line compared to the rest of the industry. MMSI outperforms 42.47% 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.
The number of shares outstanding for MMSI has been increased compared to 1 year ago.
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.
2.2 Solvency
An Altman-Z score of 4.37 indicates that MMSI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.37, MMSI is in the better half of the industry, outperforming 76.34% of the companies in the same industry.
MMSI has a debt to FCF ratio of 3.60. This is a good value and a sign of high solvency as MMSI would need 3.60 years to pay back of all of its debts.
MMSI has a better Debt to FCF ratio (3.60) than 82.26% 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 (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 4.37 |
ROIC/WACC0.76
WACC7.96%
2.3 Liquidity
A Current Ratio of 4.28 indicates that MMSI has no problem at all paying its short term obligations.
MMSI's Current ratio of 4.28 is fine compared to the rest of the industry. MMSI outperforms 72.04% of its industry peers.
A Quick Ratio of 2.86 indicates that MMSI has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.86, MMSI is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
| 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.
MMSI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.41%.
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 Y9.43%
EPS Next 2Y8.44%
EPS Next 3Y8.67%
EPS Next 5Y9.25%
Revenue Next Year11.59%
Revenue Next 2Y8.91%
Revenue Next 3Y7.87%
Revenue Next 5Y7.21%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.49, MMSI is valued on the expensive side.
Based on the Price/Earnings ratio, MMSI is valued a bit cheaper than 79.57% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. MMSI is around the same levels.
With a Price/Forward Earnings ratio of 21.36, MMSI is valued on the expensive side.
79.03% 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 23.46. MMSI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.49 | ||
| Fwd PE | 21.36 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMSI is valued a bit cheaper than 77.96% of the companies in the same industry.
MMSI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MMSI is cheaper than 83.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.43 | ||
| EV/EBITDA | 19.25 |
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)2.49
PEG (5Y)1.25
EPS Next 2Y8.44%
EPS Next 3Y8.67%
5. Dividend
5.1 Amount
MMSI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
87.39
0 (0%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners105.09%
Inst Owner Change53.1%
Ins Owners2.24%
Ins Owner Change2.48%
Market Cap5.18B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target105.52 (20.75%)
Short Float %5.58%
Short Ratio5.23
Dividend
| Industry Rank | Sector 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)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)0.44%
PT rev (3m)-0.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)0.66%
EPS NY rev (3m)3.54%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.49 | ||
| Fwd PE | 21.36 | ||
| P/S | 3.51 | ||
| P/FCF | 25.43 | ||
| P/OCF | 19.36 | ||
| P/B | 3.39 | ||
| P/tB | 10.71 | ||
| EV/EBITDA | 19.25 |
EPS(TTM)3.72
EY4.26%
EPS(NY)4.09
Fwd EY4.68%
FCF(TTM)3.44
FCFY3.93%
OCF(TTM)4.51
OCFY5.16%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.49
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 | 4.37 |
F-Score6
WACC7.96%
ROIC/WACC0.76
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 Y9.43%
EPS Next 2Y8.44%
EPS Next 3Y8.67%
EPS Next 5Y9.25%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y8.07%
Revenue growth 5Y6.4%
Sales Q2Q%13.04%
Revenue Next Year11.59%
Revenue Next 2Y8.91%
Revenue Next 3Y7.87%
Revenue Next 5Y7.21%
EBIT growth 1Y14.96%
EBIT growth 3Y29.73%
EBIT growth 5Y33.17%
EBIT Next Year45.11%
EBIT Next 3Y17.4%
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 4 / 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 23.49 and the Price/Book (PB) ratio is 3.39.
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 9.43% in the next year.