84.22 USD
-1.52 (-1.77%)
84.22 USD
0 (0%)
Taking everything into account, LMAT scores 7 out of 10 in our fundamental rating. LMAT was compared to 186 industry peers in the Health Care Equipment & Supplies industry. LMAT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. LMAT has a decent growth rate and is not valued too expensively. These ratings would make LMAT suitable for quality investing!
1. Profitability
1.1 Basic Checks
- LMAT had positive earnings in the past year.
- In the past year LMAT had a positive cash flow from operations.
- Each year in the past 5 years LMAT has been profitable.
- Each year in the past 5 years LMAT had a positive operating cash flow.
1.2 Ratios
- LMAT has a Return On Assets of 8.92%. This is amongst the best in the industry. LMAT outperforms 91.40% of its industry peers.
- LMAT has a Return On Equity of 14.08%. This is amongst the best in the industry. LMAT outperforms 90.32% of its industry peers.
- LMAT has a Return On Invested Capital of 8.43%. This is amongst the best in the industry. LMAT outperforms 87.10% of its industry peers.
- LMAT had an Average Return On Invested Capital over the past 3 years of 8.26%. This is in line with the industry average of 8.84%.
- The last Return On Invested Capital (8.43%) for LMAT is above the 3 year average (8.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.92% | ||
| ROE | 14.08% | ||
| ROIC | 8.43% |
ROA(3y)7.77%
ROA(5y)8.17%
ROE(3y)10.28%
ROE(5y)10.74%
ROIC(3y)8.26%
ROIC(5y)8.93%
1.3 Margins
- The Profit Margin of LMAT (22.14%) is better than 94.09% of its industry peers.
- LMAT's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 25.71%, LMAT belongs to the best of the industry, outperforming 95.16% of the companies in the same industry.
- In the last couple of years the Operating Margin of LMAT has grown nicely.
- LMAT's Gross Margin of 70.97% is fine compared to the rest of the industry. LMAT outperforms 79.57% of its industry peers.
- In the last couple of years the Gross Margin of LMAT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.71% | ||
| PM (TTM) | 22.14% | ||
| GM | 70.97% |
OM growth 3Y0.27%
OM growth 5Y5.61%
PM growth 3Y4.76%
PM growth 5Y5.57%
GM growth 3Y1.48%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LMAT is destroying value.
- LMAT has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, LMAT has more shares outstanding
- The debt/assets ratio for LMAT is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 7.32 indicates that LMAT is not in any danger for bankruptcy at the moment.
- LMAT's Altman-Z score of 7.32 is amongst the best of the industry. LMAT outperforms 84.95% of its industry peers.
- The Debt to FCF ratio of LMAT is 2.54, which is a good value as it means it would take LMAT, 2.54 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 2.54, LMAT belongs to the top of the industry, outperforming 84.41% of the companies in the same industry.
- LMAT has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
- With a Debt to Equity ratio value of 0.44, LMAT perfoms like the industry average, outperforming 45.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 2.54 | ||
| Altman-Z | 7.32 |
ROIC/WACC0.85
WACC9.92%
2.3 Liquidity
- LMAT has a Current Ratio of 13.58. This indicates that LMAT is financially healthy and has no problem in meeting its short term obligations.
- LMAT has a Current ratio of 13.58. This is amongst the best in the industry. LMAT outperforms 97.85% of its industry peers.
- A Quick Ratio of 11.45 indicates that LMAT has no problem at all paying its short term obligations.
- LMAT's Quick ratio of 11.45 is amongst the best of the industry. LMAT outperforms 95.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 13.58 | ||
| Quick Ratio | 11.45 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 19.67% over the past year.
- Measured over the past years, LMAT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.13% on average per year.
- Looking at the last year, LMAT shows a quite strong growth in Revenue. The Revenue has grown by 13.07% in the last year.
- Measured over the past years, LMAT shows a quite strong growth in Revenue. The Revenue has been growing by 13.41% on average per year.
EPS 1Y (TTM)19.67%
EPS 3Y15.47%
EPS 5Y17.13%
EPS Q2Q%26.53%
Revenue 1Y (TTM)13.07%
Revenue growth 3Y12.5%
Revenue growth 5Y13.41%
Sales Q2Q%11.36%
3.2 Future
- Based on estimates for the next years, LMAT will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.10% on average per year.
- Based on estimates for the next years, LMAT will show a quite strong growth in Revenue. The Revenue will grow by 9.65% on average per year.
EPS Next Y27.49%
EPS Next 2Y16.63%
EPS Next 3Y14.06%
EPS Next 5Y11.1%
Revenue Next Year12.78%
Revenue Next 2Y10.91%
Revenue Next 3Y10.19%
Revenue Next 5Y9.65%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- LMAT is valuated quite expensively with a Price/Earnings ratio of 38.46.
- Based on the Price/Earnings ratio, LMAT is valued a bit cheaper than the industry average as 71.51% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of LMAT to the average of the S&P500 Index (27.21), we can say LMAT is valued slightly more expensively.
- The Price/Forward Earnings ratio is 31.92, which means the current valuation is very expensive for LMAT.
- 72.04% of the companies in the same industry are more expensive than LMAT, based on the Price/Forward Earnings ratio.
- LMAT is valuated rather expensively when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.46 | ||
| Fwd PE | 31.92 |
4.2 Price Multiples
- 75.81% of the companies in the same industry are more expensive than LMAT, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of LMAT indicates a rather cheap valuation: LMAT is cheaper than 80.65% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.86 | ||
| EV/EBITDA | 20.12 |
4.3 Compensation for Growth
- LMAT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The excellent profitability rating of LMAT may justify a higher PE ratio.
- LMAT's earnings are expected to grow with 14.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.4
PEG (5Y)2.25
EPS Next 2Y16.63%
EPS Next 3Y14.06%
5. Dividend
5.1 Amount
- LMAT has a yearly dividend return of 0.92%, which is pretty low.
- LMAT's Dividend Yield is rather good when compared to the industry average which is at 0.19. LMAT pays more dividend than 92.47% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, LMAT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.92% |
5.2 History
- On average, the dividend of LMAT grows each year by 13.60%, which is quite nice.
- LMAT has been paying a dividend for at least 10 years, so it has a reliable track record.
- LMAT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)13.6%
Div Incr Years13
Div Non Decr Years13
5.3 Sustainability
- 32.20% of the earnings are spent on dividend by LMAT. This is a low number and sustainable payout ratio.
- The dividend of LMAT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.2%
EPS Next 2Y16.63%
EPS Next 3Y14.06%
LEMAITRE VASCULAR INC / LMAT FAQ
What is the ChartMill fundamental rating of LEMAITRE VASCULAR INC (LMAT) stock?
ChartMill assigns a fundamental rating of 7 / 10 to LMAT.
What is the valuation status of LEMAITRE VASCULAR INC (LMAT) stock?
ChartMill assigns a valuation rating of 5 / 10 to LEMAITRE VASCULAR INC (LMAT). This can be considered as Fairly Valued.
How profitable is LEMAITRE VASCULAR INC (LMAT) stock?
LEMAITRE VASCULAR INC (LMAT) has a profitability rating of 9 / 10.
What is the valuation of LEMAITRE VASCULAR INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for LEMAITRE VASCULAR INC (LMAT) is 38.46 and the Price/Book (PB) ratio is 5.04.
How financially healthy is LEMAITRE VASCULAR INC?
The financial health rating of LEMAITRE VASCULAR INC (LMAT) is 7 / 10.