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ABIOMED INC (ABMD) Stock Fundamental Analysis

NASDAQ:ABMD - Nasdaq - US0036541003 - Common Stock - Currency: USD

381.02  +0.23 (+0.06%)

After market: 381.3 +0.28 (+0.07%)

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to ABMD. ABMD was compared to 187 industry peers in the Health Care Equipment & Supplies industry. ABMD scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ABMD has a correct valuation and a medium growth rate. These ratings could make ABMD a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year ABMD was profitable.
In the past year ABMD had a positive cash flow from operations.
ABMD had positive earnings in each of the past 5 years.
In the past 5 years ABMD always reported a positive cash flow from operatings.
ABMD Yearly Net Income VS EBIT VS OCF VS FCFABMD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

1.2 Ratios

ABMD has a Return On Assets of 15.72%. This is amongst the best in the industry. ABMD outperforms 94.52% of its industry peers.
Looking at the Return On Equity, with a value of 17.32%, ABMD belongs to the top of the industry, outperforming 93.61% of the companies in the same industry.
With an excellent Return On Invested Capital value of 12.19%, ABMD belongs to the best of the industry, outperforming 89.95% of the companies in the same industry.
ABMD had an Average Return On Invested Capital over the past 3 years of 29.16%. This is significantly above the industry average of 8.28%.
The last Return On Invested Capital (12.19%) for ABMD is well below the 3 year average (29.16%), which needs to be investigated, but indicates that ABMD had better years and this may not be a problem.
Industry RankSector Rank
ROA 15.72%
ROE 17.32%
ROIC 12.19%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)29.16%
ROIC(5y)N/A
ABMD Yearly ROA, ROE, ROICABMD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 10 20 30

1.3 Margins

With an excellent Profit Margin value of 24.84%, ABMD belongs to the best of the industry, outperforming 95.43% of the companies in the same industry.
In the last couple of years the Profit Margin of ABMD has grown nicely.
With an excellent Operating Margin value of 23.66%, ABMD belongs to the best of the industry, outperforming 93.61% of the companies in the same industry.
In the last couple of years the Operating Margin of ABMD has grown nicely.
Industry RankSector Rank
OM 23.66%
PM (TTM) 24.84%
GM N/A
OM growth 3Y-5.22%
OM growth 5Y4.22%
PM growth 3Y-26.75%
PM growth 5Y2.49%
GM growth 3YN/A
GM growth 5YN/A
ABMD Yearly Profit, Operating, Gross MarginsABMD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 20 40 60 80

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9

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ABMD is creating value.
ABMD has more shares outstanding than it did 1 year ago.
There is no outstanding debt for ABMD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ABMD Yearly Shares OutstandingABMD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M
ABMD Yearly Total Debt VS Total AssetsABMD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

2.2 Solvency

ABMD has an Altman-Z score of 68.47. This indicates that ABMD is financially healthy and has little risk of bankruptcy at the moment.
ABMD's Altman-Z score of 68.47 is amongst the best of the industry. ABMD outperforms 99.54% of its industry peers.
There is no outstanding debt for ABMD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 68.47
ROIC/WACC1.34
WACC9.07%
ABMD Yearly LT Debt VS Equity VS FCFABMD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 7.93 indicates that ABMD has no problem at all paying its short term obligations.
ABMD's Current ratio of 7.93 is amongst the best of the industry. ABMD outperforms 83.11% of its industry peers.
A Quick Ratio of 7.17 indicates that ABMD has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 7.17, ABMD belongs to the best of the industry, outperforming 82.19% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 7.93
Quick Ratio 7.17
ABMD Yearly Current Assets VS Current LiabilitesABMD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M

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6

3. Growth

3.1 Past

ABMD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.78%.
The Earnings Per Share has been growing by 30.92% on average over the past years. This is a very strong growth
ABMD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.32%.
Measured over the past years, ABMD shows a quite strong growth in Revenue. The Revenue has been growing by 18.30% on average per year.
EPS 1Y (TTM)-3.78%
EPS 3Y-2.48%
EPS 5Y30.92%
EPS Q2Q%26.21%
Revenue 1Y (TTM)10.32%
Revenue growth 3Y10.27%
Revenue growth 5Y18.3%
Sales Q2Q%7.16%

3.2 Future

ABMD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.71% yearly.
Based on estimates for the next years, ABMD will show a quite strong growth in Revenue. The Revenue will grow by 11.13% on average per year.
EPS Next Y3.83%
EPS Next 2Y9.68%
EPS Next 3Y14%
EPS Next 5Y15.71%
Revenue Next Year10.29%
Revenue Next 2Y12.97%
Revenue Next 3Y13.62%
Revenue Next 5Y11.13%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
ABMD Yearly Revenue VS EstimatesABMD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
ABMD Yearly EPS VS EstimatesABMD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 78.72 indicates a quite expensive valuation of ABMD.
Compared to the rest of the industry, the Price/Earnings ratio of ABMD indicates a somewhat cheap valuation: ABMD is cheaper than 71.69% of the companies listed in the same industry.
ABMD's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.99.
The Price/Forward Earnings ratio is 66.96, which means the current valuation is very expensive for ABMD.
Based on the Price/Forward Earnings ratio, ABMD is valued a bit cheaper than the industry average as 73.06% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.36, ABMD is valued quite expensively.
Industry RankSector Rank
PE 78.72
Fwd PE 66.96
ABMD Price Earnings VS Forward Price EarningsABMD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

69.41% of the companies in the same industry are more expensive than ABMD, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ABMD indicates a rather cheap valuation: ABMD is cheaper than 80.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 79.09
EV/EBITDA 55.82
ABMD Per share dataABMD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ABMD has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ABMD's earnings are expected to grow with 14.00% in the coming years.
PEG (NY)20.54
PEG (5Y)2.55
EPS Next 2Y9.68%
EPS Next 3Y14%

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0

5. Dividend

5.1 Amount

ABMD does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ABIOMED INC

NASDAQ:ABMD (12/21/2022, 8:15:55 PM)

After market: 381.3 +0.28 (+0.07%)

381.02

+0.23 (+0.06%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)11-01 2022-11-01/bmo
Earnings (Next)02-01 2023-02-01
Inst Owners0%
Inst Owner Change0%
Ins Owners1.66%
Ins Owner Change0%
Market Cap17.18B
Analysts70
Price Target375.36 (-1.49%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.37%
Min EPS beat(2)-5.24%
Max EPS beat(2)15.98%
EPS beat(4)3
Avg EPS beat(4)8.26%
Min EPS beat(4)-5.24%
Max EPS beat(4)15.98%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-14.37%
Min Revenue beat(2)-16.89%
Max Revenue beat(2)-11.85%
Revenue beat(4)0
Avg Revenue beat(4)-11.39%
Min Revenue beat(4)-16.89%
Max Revenue beat(4)-6.39%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)19.09%
PT rev (3m)N/A
EPS NQ rev (1m)4.13%
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.46%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)-3.26%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.36%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 78.72
Fwd PE 66.96
P/S 16
P/FCF 79.09
P/OCF 68.45
P/B 11.16
P/tB 12.15
EV/EBITDA 55.82
EPS(TTM)4.84
EY1.27%
EPS(NY)5.69
Fwd EY1.49%
FCF(TTM)4.82
FCFY1.26%
OCF(TTM)5.57
OCFY1.46%
SpS23.82
BVpS34.15
TBVpS31.36
PEG (NY)20.54
PEG (5Y)2.55
Profitability
Industry RankSector Rank
ROA 15.72%
ROE 17.32%
ROCE N/A
ROIC 12.19%
ROICexc 25.66%
ROICexgc 30.76%
OM 23.66%
PM (TTM) 24.84%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)29.16%
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-10.63%
ROICexcg growth 5Y-2.2%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-5.22%
OM growth 5Y4.22%
PM growth 3Y-26.75%
PM growth 5Y2.49%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 122.5%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 81.43%
Current Ratio 7.93
Quick Ratio 7.17
Altman-Z 68.47
F-Score6
WACC9.07%
ROIC/WACC1.34
Cap/Depr(3y)188.19%
Cap/Depr(5y)276.96%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)138.14%
Profit Quality(5y)123.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.78%
EPS 3Y-2.48%
EPS 5Y30.92%
EPS Q2Q%26.21%
EPS Next Y3.83%
EPS Next 2Y9.68%
EPS Next 3Y14%
EPS Next 5Y15.71%
Revenue 1Y (TTM)10.32%
Revenue growth 3Y10.27%
Revenue growth 5Y18.3%
Sales Q2Q%7.16%
Revenue Next Year10.29%
Revenue Next 2Y12.97%
Revenue Next 3Y13.62%
Revenue Next 5Y11.13%
EBIT growth 1Y-2.58%
EBIT growth 3Y4.52%
EBIT growth 5Y23.29%
EBIT Next Year13.8%
EBIT Next 3Y20.3%
EBIT Next 5Y16.96%
FCF growth 1Y-11.7%
FCF growth 3Y6.24%
FCF growth 5Y31%
OCF growth 1Y-11.94%
OCF growth 3Y4.21%
OCF growth 5Y19.91%