ELECTROMED INC (ELMD) Stock Fundamental Analysis
NYSEARCA:ELMD - NYSE Arca - US2854091087 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to ELMD. ELMD was compared to 187 industry peers in the Health Care Equipment & Supplies industry. ELMD gets an excellent profitability rating and is at the same time showing great financial health properties. ELMD is growing strongly while it is still valued neutral. This is a good combination! These ratings could make ELMD a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
In the past year ELMD was profitable.
In the past year ELMD had a positive cash flow from operations.
ELMD had positive earnings in each of the past 5 years.
ELMD had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
ELMD's Return On Assets of 13.65% is amongst the best of the industry. ELMD outperforms 95.72% of its industry peers.
ELMD has a Return On Equity of 16.30%. This is amongst the best in the industry. ELMD outperforms 91.44% of its industry peers.
The Return On Invested Capital of ELMD (15.35%) is better than 96.26% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ELMD is in line with the industry average of 7.89%.
The last Return On Invested Capital (15.35%) for ELMD is above the 3 year average (8.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.65% | ||
| ROE | 16.3% | ||
| ROIC | 15.35% |
ROA(3y)7.45%
ROA(5y)8.24%
ROE(3y)8.9%
ROE(5y)9.55%
ROIC(3y)8.56%
ROIC(5y)8.69%
1.3 Margins
ELMD has a Profit Margin of 11.66%. This is amongst the best in the industry. ELMD outperforms 88.77% of its industry peers.
ELMD's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 14.58%, ELMD belongs to the top of the industry, outperforming 84.49% of the companies in the same industry.
In the last couple of years the Operating Margin of ELMD has grown nicely.
The Gross Margin of ELMD (77.55%) is better than 91.44% of its industry peers.
ELMD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.58% | ||
| PM (TTM) | 11.66% | ||
| GM | 77.55% |
OM growth 3Y11.05%
OM growth 5Y5.84%
PM growth 3Y12.53%
PM growth 5Y8.27%
GM growth 3Y-0.05%
GM growth 5Y0.02%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ELMD is still creating some value.
Compared to 1 year ago, ELMD has more shares outstanding
The number of shares outstanding for ELMD has been increased compared to 5 years ago.
There is no outstanding debt for ELMD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 14.99 indicates that ELMD is not in any danger for bankruptcy at the moment.
ELMD has a better Altman-Z score (14.99) than 93.05% of its industry peers.
There is no outstanding debt for ELMD. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 14.99 |
ROIC/WACC1.69
WACC9.07%
2.3 Liquidity
A Current Ratio of 5.19 indicates that ELMD has no problem at all paying its short term obligations.
ELMD has a better Current ratio (5.19) than 76.47% of its industry peers.
ELMD has a Quick Ratio of 4.84. This indicates that ELMD is financially healthy and has no problem in meeting its short term obligations.
ELMD has a Quick ratio of 4.84. This is in the better half of the industry: ELMD outperforms 78.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.19 | ||
| Quick Ratio | 4.84 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 58.00% over the past year.
ELMD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.42% yearly.
ELMD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.85%.
The Revenue has been growing by 11.82% on average over the past years. This is quite good.
EPS 1Y (TTM)58%
EPS 3Y30.66%
EPS 5Y20.42%
EPS Q2Q%23.53%
Revenue 1Y (TTM)14.85%
Revenue growth 3Y15.24%
Revenue growth 5Y11.82%
Sales Q2Q%13.07%
3.2 Future
The Earnings Per Share is expected to grow by 26.83% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 12.42% on average over the next years. This is quite good.
EPS Next Y42.45%
EPS Next 2Y30.94%
EPS Next 3Y26.83%
EPS Next 5YN/A
Revenue Next Year15.21%
Revenue Next 2Y13.44%
Revenue Next 3Y12.42%
Revenue Next 5YN/A
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 accelerating.
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
The Price/Earnings ratio is 24.15, which indicates a rather expensive current valuation of ELMD.
ELMD's Price/Earnings ratio is a bit cheaper when compared to the industry. ELMD is cheaper than 78.61% of the companies in the same industry.
ELMD is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.19, the valuation of ELMD can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ELMD indicates a somewhat cheap valuation: ELMD is cheaper than 78.07% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, ELMD is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.15 | ||
| Fwd PE | 19.19 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ELMD indicates a somewhat cheap valuation: ELMD is cheaper than 78.61% of the companies listed in the same industry.
ELMD's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ELMD is cheaper than 92.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.53 | ||
| EV/EBITDA | 15.36 |
4.3 Compensation for Growth
ELMD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of ELMD may justify a higher PE ratio.
ELMD's earnings are expected to grow with 26.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)1.18
EPS Next 2Y30.94%
EPS Next 3Y26.83%
5. Dividend
5.1 Amount
No dividends for ELMD!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.08
-0.93 (-4.65%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners50.06%
Inst Owner Change0%
Ins Owners7.54%
Ins Owner Change-1.91%
Market Cap160.08M
Analysts82.5
Price Target37.74 (97.8%)
Short Float %2.25%
Short Ratio1.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)11.38%
Min EPS beat(2)2.94%
Max EPS beat(2)19.83%
EPS beat(4)4
Avg EPS beat(4)121.43%
Min EPS beat(4)2.94%
Max EPS beat(4)422.88%
EPS beat(8)6
Avg EPS beat(8)63.79%
EPS beat(12)8
Avg EPS beat(12)51.09%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.89%
Min Revenue beat(2)-2.37%
Max Revenue beat(2)4.16%
Revenue beat(4)2
Avg Revenue beat(4)1.31%
Min Revenue beat(4)-3.06%
Max Revenue beat(4)6.52%
Revenue beat(8)4
Avg Revenue beat(8)0.61%
Revenue beat(12)6
Avg Revenue beat(12)0.85%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.44%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.15 | ||
| Fwd PE | 19.19 | ||
| P/S | 2.61 | ||
| P/FCF | 13.53 | ||
| P/OCF | 13.31 | ||
| P/B | 3.64 | ||
| P/tB | 3.69 | ||
| EV/EBITDA | 15.36 |
EPS(TTM)0.79
EY4.14%
EPS(NY)0.99
Fwd EY5.21%
FCF(TTM)1.41
FCFY7.39%
OCF(TTM)1.43
OCFY7.51%
SpS7.32
BVpS5.24
TBVpS5.17
PEG (NY)0.57
PEG (5Y)1.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.65% | ||
| ROE | 16.3% | ||
| ROCE | 20.38% | ||
| ROIC | 15.35% | ||
| ROICexc | 23.51% | ||
| ROICexgc | 24% | ||
| OM | 14.58% | ||
| PM (TTM) | 11.66% | ||
| GM | 77.55% | ||
| FCFM | 19.25% |
ROA(3y)7.45%
ROA(5y)8.24%
ROE(3y)8.9%
ROE(5y)9.55%
ROIC(3y)8.56%
ROIC(5y)8.69%
ROICexc(3y)11.98%
ROICexc(5y)12.69%
ROICexgc(3y)12.25%
ROICexgc(5y)13.03%
ROCE(3y)11.36%
ROCE(5y)11.53%
ROICexcg growth 3Y14.49%
ROICexcg growth 5Y7.7%
ROICexc growth 3Y14.84%
ROICexc growth 5Y7.9%
OM growth 3Y11.05%
OM growth 5Y5.84%
PM growth 3Y12.53%
PM growth 5Y8.27%
GM growth 3Y-0.05%
GM growth 5Y0.02%
F-Score8
Asset Turnover1.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 19.8% | ||
| Cap/Sales | 0.32% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 120.96% | ||
| Profit Quality | 165.17% | ||
| Current Ratio | 5.19 | ||
| Quick Ratio | 4.84 | ||
| Altman-Z | 14.99 |
F-Score8
WACC9.07%
ROIC/WACC1.69
Cap/Depr(3y)189.91%
Cap/Depr(5y)155.01%
Cap/Sales(3y)2.65%
Cap/Sales(5y)2.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)58%
EPS 3Y30.66%
EPS 5Y20.42%
EPS Q2Q%23.53%
EPS Next Y42.45%
EPS Next 2Y30.94%
EPS Next 3Y26.83%
EPS Next 5YN/A
Revenue 1Y (TTM)14.85%
Revenue growth 3Y15.24%
Revenue growth 5Y11.82%
Sales Q2Q%13.07%
Revenue Next Year15.21%
Revenue Next 2Y13.44%
Revenue Next 3Y12.42%
Revenue Next 5YN/A
EBIT growth 1Y56.01%
EBIT growth 3Y27.97%
EBIT growth 5Y18.35%
EBIT Next Year137.93%
EBIT Next 3Y45.86%
EBIT Next 5YN/A
FCF growth 1Y648.35%
FCF growth 3Y48.86%
FCF growth 5Y48.48%
OCF growth 1Y2942.32%
OCF growth 3Y43.37%
OCF growth 5Y28.48%