LEMAITRE VASCULAR INC (LMAT) Fundamental Analysis & Valuation

NASDAQ:LMAT • US5255582018

Current stock price

108.49 USD
-0.26 (-0.24%)
At close:
108.49 USD
0 (0%)
After Hours:

This LMAT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. LMAT Profitability Analysis

1.1 Basic Checks

  • LMAT had positive earnings in the past year.
  • LMAT had a positive operating cash flow in the past year.
  • LMAT had positive earnings in each of the past 5 years.
  • Each year in the past 5 years LMAT had a positive operating cash flow.
LMAT Yearly Net Income VS EBIT VS OCF VS FCFLMAT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M

1.2 Ratios

  • With an excellent Return On Assets value of 9.38%, LMAT belongs to the best of the industry, outperforming 89.89% of the companies in the same industry.
  • LMAT has a better Return On Equity (14.67%) than 89.89% of its industry peers.
  • LMAT has a better Return On Invested Capital (9.04%) than 87.23% of its industry peers.
  • LMAT had an Average Return On Invested Capital over the past 3 years of 8.61%. This is in line with the industry average of 9.36%.
  • The 3 year average ROIC (8.61%) for LMAT is below the current ROIC(9.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.38%
ROE 14.67%
ROIC 9.04%
ROA(3y)8.68%
ROA(5y)8.37%
ROE(3y)12.61%
ROE(5y)11.22%
ROIC(3y)8.61%
ROIC(5y)8.85%
LMAT Yearly ROA, ROE, ROICLMAT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • LMAT has a better Profit Margin (23.13%) than 95.21% of its industry peers.
  • LMAT's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 27.21%, LMAT belongs to the best of the industry, outperforming 96.28% of the companies in the same industry.
  • LMAT's Operating Margin has improved in the last couple of years.
  • LMAT's Gross Margin of 71.53% is amongst the best of the industry. LMAT outperforms 81.38% of its industry peers.
  • LMAT's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 27.21%
PM (TTM) 23.13%
GM 71.53%
OM growth 3Y13.74%
OM growth 5Y4.46%
PM growth 3Y22%
PM growth 5Y7.14%
GM growth 3Y3.31%
GM growth 5Y1.81%
LMAT Yearly Profit, Operating, Gross MarginsLMAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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8

2. LMAT Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LMAT is destroying value.
  • The number of shares outstanding for LMAT has been increased compared to 1 year ago.
  • The number of shares outstanding for LMAT has been increased compared to 5 years ago.
  • Compared to 1 year ago, LMAT has an improved debt to assets ratio.
LMAT Yearly Shares OutstandingLMAT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
LMAT Yearly Total Debt VS Total AssetsLMAT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • LMAT has an Altman-Z score of 8.71. This indicates that LMAT is financially healthy and has little risk of bankruptcy at the moment.
  • LMAT's Altman-Z score of 8.71 is amongst the best of the industry. LMAT outperforms 85.11% of its industry peers.
  • LMAT has a debt to FCF ratio of 2.26. This is a good value and a sign of high solvency as LMAT would need 2.26 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 2.26, LMAT belongs to the best of the industry, outperforming 85.64% of the companies in the same industry.
  • A Debt/Equity ratio of 0.43 indicates that LMAT is not too dependend on debt financing.
  • LMAT has a Debt to Equity ratio (0.43) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.26
Altman-Z 8.71
ROIC/WACC0.87
WACC10.4%
LMAT Yearly LT Debt VS Equity VS FCFLMAT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 12.89 indicates that LMAT has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 12.89, LMAT belongs to the top of the industry, outperforming 97.34% of the companies in the same industry.
  • LMAT has a Quick Ratio of 10.95. This indicates that LMAT is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 10.95, LMAT belongs to the best of the industry, outperforming 96.81% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 12.89
Quick Ratio 10.95
LMAT Yearly Current Assets VS Current LiabilitesLMAT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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6

3. LMAT Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.68% over the past year.
  • LMAT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.12% yearly.
  • Looking at the last year, LMAT shows a quite strong growth in Revenue. The Revenue has grown by 13.53% in the last year.
  • LMAT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.04% yearly.
EPS 1Y (TTM)22.68%
EPS 3Y36.78%
EPS 5Y17.12%
EPS Q2Q%38.78%
Revenue 1Y (TTM)13.53%
Revenue growth 3Y15.57%
Revenue growth 5Y14.04%
Sales Q2Q%15.68%

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 11.37% 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 9.67% on average per year.
EPS Next Y20.86%
EPS Next 2Y15.35%
EPS Next 3Y12.89%
EPS Next 5Y11.37%
Revenue Next Year12.71%
Revenue Next 2Y10.78%
Revenue Next 3Y10.08%
Revenue Next 5Y9.67%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
LMAT Yearly Revenue VS EstimatesLMAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 100M 200M 300M 400M
LMAT Yearly EPS VS EstimatesLMAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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4

4. LMAT Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 45.58, the valuation of LMAT can be described as expensive.
  • 68.09% of the companies in the same industry are more expensive than LMAT, based on the Price/Earnings ratio.
  • LMAT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.60.
  • Based on the Price/Forward Earnings ratio of 37.72, the valuation of LMAT can be described as expensive.
  • Based on the Price/Forward Earnings ratio, LMAT is valued a bit cheaper than the industry average as 70.74% of the companies are valued more expensively.
  • LMAT is valuated expensively when we compare the Price/Forward Earnings ratio to 22.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 45.58
Fwd PE 37.72
LMAT Price Earnings VS Forward Price EarningsLMAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LMAT indicates a somewhat cheap valuation: LMAT is cheaper than 71.28% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, LMAT is valued a bit cheaper than 76.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 33.19
EV/EBITDA 24.9
LMAT Per share dataLMAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LMAT does not grow enough to justify the current Price/Earnings ratio.
  • LMAT has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as LMAT's earnings are expected to grow with 12.89% in the coming years.
PEG (NY)2.19
PEG (5Y)2.66
EPS Next 2Y15.35%
EPS Next 3Y12.89%

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6

5. LMAT Dividend Analysis

5.1 Amount

  • LMAT has a yearly dividend return of 0.94%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.25, LMAT pays a better dividend. On top of this LMAT pays more dividend than 91.49% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.90, LMAT's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.94%

5.2 History

  • The dividend of LMAT is nicely growing with an annual growth rate of 16.13%!
  • 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)16.13%
Div Incr Years14
Div Non Decr Years14
LMAT Yearly Dividends per shareLMAT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • LMAT pays out 31.37% of its income as dividend. This is a sustainable payout ratio.
  • LMAT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.37%
EPS Next 2Y15.35%
EPS Next 3Y12.89%
LMAT Yearly Income VS Free CF VS DividendLMAT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
LMAT Dividend Payout.LMAT Dividend Payout, showing the Payout Ratio.LMAT Dividend Payout.PayoutRetained Earnings

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LMAT Fundamentals: All Metrics, Ratios and Statistics

LEMAITRE VASCULAR INC

NASDAQ:LMAT (4/2/2026, 8:00:01 PM)

After market: 108.49 0 (0%)

108.49

-0.26 (-0.24%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-25
Earnings (Next)04-30
Inst Owners96.24%
Inst Owner Change0%
Ins Owners7.97%
Ins Owner Change-9.98%
Market Cap2.47B
Revenue(TTM)249.60M
Net Income(TTM)57.73M
Analysts80
Price Target112.71 (3.89%)
Short Float %5.95%
Short Ratio5.54
Dividend
Industry RankSector Rank
Dividend Yield 0.94%
Yearly Dividend0.8
Dividend Growth(5Y)16.13%
DP31.37%
Div Incr Years14
Div Non Decr Years14
Ex-Date03-12
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.9%
Min EPS beat(2)0.42%
Max EPS beat(2)7.38%
EPS beat(4)3
Avg EPS beat(4)1.52%
Min EPS beat(4)-5.52%
Max EPS beat(4)7.38%
EPS beat(8)6
Avg EPS beat(8)4.19%
EPS beat(12)10
Avg EPS beat(12)5.13%
EPS beat(16)10
Avg EPS beat(16)-0.04%
Revenue beat(2)1
Avg Revenue beat(2)-1.58%
Min Revenue beat(2)-3.74%
Max Revenue beat(2)0.58%
Revenue beat(4)3
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-3.74%
Max Revenue beat(4)1.83%
Revenue beat(8)5
Avg Revenue beat(8)-0.14%
Revenue beat(12)7
Avg Revenue beat(12)0.21%
Revenue beat(16)8
Avg Revenue beat(16)-0.25%
PT rev (1m)6.59%
PT rev (3m)6.59%
EPS NQ rev (1m)0.43%
EPS NQ rev (3m)7.26%
EPS NY rev (1m)0%
EPS NY rev (3m)9.01%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)1.1%
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)3.22%
Valuation
Industry RankSector Rank
PE 45.58
Fwd PE 37.72
P/S 9.9
P/FCF 33.19
P/OCF 30.42
P/B 6.28
P/tB 8.39
EV/EBITDA 24.9
EPS(TTM)2.38
EY2.19%
EPS(NY)2.88
Fwd EY2.65%
FCF(TTM)3.27
FCFY3.01%
OCF(TTM)3.57
OCFY3.29%
SpS10.96
BVpS17.27
TBVpS12.93
PEG (NY)2.19
PEG (5Y)2.66
Graham Number30.41
Profitability
Industry RankSector Rank
ROA 9.38%
ROE 14.67%
ROCE 11.72%
ROIC 9.04%
ROICexc 23.78%
ROICexgc 43.2%
OM 27.21%
PM (TTM) 23.13%
GM 71.53%
FCFM 29.83%
ROA(3y)8.68%
ROA(5y)8.37%
ROE(3y)12.61%
ROE(5y)11.22%
ROIC(3y)8.61%
ROIC(5y)8.85%
ROICexc(3y)18.5%
ROICexc(5y)16.17%
ROICexgc(3y)34.8%
ROICexgc(5y)32.81%
ROCE(3y)11.16%
ROCE(5y)11.48%
ROICexgc growth 3Y19.07%
ROICexgc growth 5Y8.49%
ROICexc growth 3Y27.82%
ROICexc growth 5Y16.94%
OM growth 3Y13.74%
OM growth 5Y4.46%
PM growth 3Y22%
PM growth 5Y7.14%
GM growth 3Y3.31%
GM growth 5Y1.81%
F-Score7
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.26
Debt/EBITDA 2.15
Cap/Depr 65.11%
Cap/Sales 2.72%
Interest Coverage 250
Cash Conversion 103.73%
Profit Quality 128.99%
Current Ratio 12.89
Quick Ratio 10.95
Altman-Z 8.71
F-Score7
WACC10.4%
ROIC/WACC0.87
Cap/Depr(3y)71.15%
Cap/Depr(5y)58.36%
Cap/Sales(3y)3.21%
Cap/Sales(5y)2.96%
Profit Quality(3y)103.77%
Profit Quality(5y)106.24%
High Growth Momentum
Growth
EPS 1Y (TTM)22.68%
EPS 3Y36.78%
EPS 5Y17.12%
EPS Q2Q%38.78%
EPS Next Y20.86%
EPS Next 2Y15.35%
EPS Next 3Y12.89%
EPS Next 5Y11.37%
Revenue 1Y (TTM)13.53%
Revenue growth 3Y15.57%
Revenue growth 5Y14.04%
Sales Q2Q%15.68%
Revenue Next Year12.71%
Revenue Next 2Y10.78%
Revenue Next 3Y10.08%
Revenue Next 5Y9.67%
EBIT growth 1Y29.96%
EBIT growth 3Y31.45%
EBIT growth 5Y19.13%
EBIT Next Year38.55%
EBIT Next 3Y19.89%
EBIT Next 5Y16.94%
FCF growth 1Y100.39%
FCF growth 3Y49.81%
FCF growth 5Y18.54%
OCF growth 1Y84.14%
OCF growth 3Y47.38%
OCF growth 5Y18.48%

LEMAITRE VASCULAR INC / LMAT Fundamental Analysis 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 4 / 10 to LEMAITRE VASCULAR INC (LMAT). This can be considered as Fairly Valued.


Can you provide the profitability details for LEMAITRE VASCULAR INC?

LEMAITRE VASCULAR INC (LMAT) has a profitability rating of 9 / 10.


What is the expected EPS growth for LEMAITRE VASCULAR INC (LMAT) stock?

The Earnings per Share (EPS) of LEMAITRE VASCULAR INC (LMAT) is expected to grow by 20.86% in the next year.


Can you provide the dividend sustainability for LMAT stock?

The dividend rating of LEMAITRE VASCULAR INC (LMAT) is 6 / 10 and the dividend payout ratio is 31.37%.