86.7 USD
+0.17 (+0.2%)
86.7 USD
0 (0%)
Overall MMSI gets a fundamental rating of 6 out of 10. We evaluated MMSI against 187 industry peers in the Health Care Equipment & Supplies industry. MMSI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MMSI has a decent growth rate and is not valued too expensively. This makes MMSI very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year MMSI was profitable.
MMSI had a positive operating cash flow in the past year.
MMSI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MMSI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.50%, MMSI belongs to the top of the industry, outperforming 80.21% of the companies in the same industry.
MMSI's Return On Equity of 7.74% is amongst the best of the industry. MMSI outperforms 81.82% of its industry peers.
MMSI's Return On Invested Capital of 6.02% is fine compared to the rest of the industry. MMSI outperforms 79.14% 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 8.80%.
The 3 year average ROIC (5.44%) for MMSI is below the current ROIC(6.02%), indicating increased profibility in the last year.
| 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
MMSI has a better Profit Margin (8.02%) than 80.21% of its industry peers.
In the last couple of years the Profit Margin of MMSI has grown nicely.
MMSI's Operating Margin of 11.89% is fine compared to the rest of the industry. MMSI outperforms 79.68% of its industry peers.
In the last couple of years the Operating Margin of MMSI has grown nicely.
Looking at the Gross Margin, with a value of 48.47%, MMSI is in line with its industry, outperforming 41.71% of the companies in the same industry.
In the last couple of years the Gross Margin of MMSI has grown nicely.
| 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
MMSI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
MMSI has more shares outstanding than it did 1 year ago.
MMSI has more shares outstanding than it did 5 years ago.
MMSI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.34 indicates that MMSI is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.34, MMSI is doing good in the industry, outperforming 77.01% of the companies in the same industry.
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.
MMSI has a Debt to FCF ratio of 3.60. This is amongst the best in the industry. MMSI outperforms 82.35% 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.
Looking at the Debt to Equity ratio, with a value of 0.48, MMSI is in line with its industry, outperforming 43.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 4.34 |
ROIC/WACC0.76
WACC7.95%
2.3 Liquidity
MMSI has a Current Ratio of 4.28. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
MMSI has a Current ratio of 4.28. This is in the better half of the industry: MMSI outperforms 72.19% of its industry peers.
MMSI has a Quick Ratio of 2.86. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
MMSI has a better Quick ratio (2.86) than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 |
3. Growth
3.1 Past
MMSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.71%, which is quite good.
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.
MMSI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.40% yearly.
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
Based on estimates for the next years, MMSI will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.25% on average per year.
MMSI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.21% yearly.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.31, MMSI is valued on the expensive side.
80.21% of the companies in the same industry are more expensive than MMSI, based on the Price/Earnings ratio.
MMSI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 21.19, which indicates a rather expensive current valuation of MMSI.
MMSI's Price/Forward Earnings ratio is rather cheap when compared to the industry. MMSI is cheaper than 80.75% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, MMSI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.31 | ||
| Fwd PE | 21.19 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMSI is valued a bit cheaper than 78.07% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MMSI is valued cheaply inside the industry as 84.49% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.22 | ||
| EV/EBITDA | 19.08 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMSI does not grow enough to justify the current Price/Earnings ratio.
MMSI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.47
PEG (5Y)1.24
EPS Next 2Y8.44%
EPS Next 3Y8.67%
5. Dividend
5.1 Amount
MMSI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
86.7
+0.17 (+0.2%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners105.09%
Inst Owner Change53.11%
Ins Owners2.24%
Ins Owner Change2.45%
Market Cap5.14B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target105.06 (21.18%)
Short Float %5.05%
Short Ratio4.62
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)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)-1.34%
PT rev (3m)-1.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)0.66%
EPS NY rev (3m)3.54%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.31 | ||
| Fwd PE | 21.19 | ||
| P/S | 3.48 | ||
| P/FCF | 25.22 | ||
| P/OCF | 19.21 | ||
| P/B | 3.36 | ||
| P/tB | 10.63 | ||
| EV/EBITDA | 19.08 |
EPS(TTM)3.72
EY4.29%
EPS(NY)4.09
Fwd EY4.72%
FCF(TTM)3.44
FCFY3.96%
OCF(TTM)4.51
OCFY5.21%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.47
PEG (5Y)1.24
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 | 4.34 |
F-Score6
WACC7.95%
ROIC/WACC0.76
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 of MERIT MEDICAL SYSTEMS INC (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 8 / 10.
What are the PE and PB ratios of MERIT MEDICAL SYSTEMS INC (MMSI) stock?
The Price/Earnings (PE) ratio for MERIT MEDICAL SYSTEMS INC (MMSI) is 23.31 and the Price/Book (PB) ratio is 3.36.
Can you provide the expected EPS growth for MMSI stock?
The Earnings per Share (EPS) of MERIT MEDICAL SYSTEMS INC (MMSI) is expected to grow by 9.43% in the next year.