83.25 USD
-3.13 (-3.62%)
83.25 USD
0 (0%)
Taking everything into account, MMSI scores 6 out of 10 in our fundamental rating. MMSI was compared to 185 industry peers in the Health Care Equipment & Supplies industry. MMSI has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MMSI is not valued too expensively and it also shows a decent growth rate. These ratings could make MMSI a good candidate 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
With a decent Return On Assets value of 4.50%, MMSI is doing good in the industry, outperforming 80.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.74%, MMSI belongs to the top of the industry, outperforming 81.62% of the companies in the same industry.
MMSI has a better Return On Invested Capital (6.02%) than 78.92% 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 8.84%.
The last Return On Invested Capital (6.02%) for MMSI is above the 3 year average (5.44%), which is a sign of increasing profitability.
| 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 80.54% of the companies in the same industry.
In the last couple of years the Profit Margin of MMSI has grown nicely.
With a decent Operating Margin value of 11.89%, MMSI is doing good in the industry, outperforming 80.00% of the companies in the same industry.
MMSI's Operating Margin has improved in the last couple of years.
MMSI has a Gross Margin (48.47%) which is in line with its industry peers.
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
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
The debt/assets ratio for MMSI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.33 indicates that MMSI is not in any danger for bankruptcy at the moment.
MMSI's Altman-Z score of 4.33 is fine compared to the rest of the industry. MMSI outperforms 75.14% 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 82.70% of its industry peers.
MMSI has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
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 | 4.33 |
ROIC/WACC0.63
WACC9.57%
2.3 Liquidity
A Current Ratio of 4.28 indicates that MMSI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 4.28, MMSI is in the better half of the industry, outperforming 72.43% 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.
MMSI's Quick ratio of 2.86 is fine compared to the rest of the industry. MMSI outperforms 64.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.71% over the past year.
Measured over the past years, MMSI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.81% on average per year.
Looking at the last year, MMSI shows a quite strong growth in Revenue. The Revenue has grown by 11.41% in the last year.
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
MMSI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.25% yearly.
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
Based on the Price/Earnings ratio of 22.38, the valuation of MMSI can be described as rather expensive.
MMSI's Price/Earnings ratio is rather cheap when compared to the industry. MMSI is cheaper than 81.08% of the companies in the same industry.
MMSI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 20.35, MMSI is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMSI indicates a rather cheap valuation: MMSI is cheaper than 81.62% of the companies listed in the same industry.
MMSI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.38 | ||
| Fwd PE | 20.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMSI indicates a somewhat cheap valuation: MMSI is cheaper than 78.38% of the companies listed in the same industry.
MMSI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MMSI is cheaper than 83.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.22 | ||
| EV/EBITDA | 19.04 |
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)2.37
PEG (5Y)1.19
EPS Next 2Y8.44%
EPS Next 3Y8.67%
5. Dividend
5.1 Amount
No dividends for MMSI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
83.25
-3.13 (-3.62%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners105.26%
Inst Owner Change1.11%
Ins Owners2.24%
Ins Owner Change2.48%
Market Cap4.94B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target105.52 (26.75%)
Short Float %6.53%
Short Ratio5.96
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%
EPS NY rev (3m)3.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.38 | ||
| Fwd PE | 20.35 | ||
| P/S | 3.34 | ||
| P/FCF | 24.22 | ||
| P/OCF | 18.44 | ||
| P/B | 3.23 | ||
| P/tB | 10.21 | ||
| EV/EBITDA | 19.04 |
EPS(TTM)3.72
EY4.47%
EPS(NY)4.09
Fwd EY4.92%
FCF(TTM)3.44
FCFY4.13%
OCF(TTM)4.51
OCFY5.42%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.37
PEG (5Y)1.19
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 | 4.33 |
F-Score6
WACC9.57%
ROIC/WACC0.63
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 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 22.38 and the Price/Book (PB) ratio is 3.23.
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.