MERIT MEDICAL SYSTEMS INC (MMSI) Stock Fundamental Analysis
USA - NASDAQ:MMSI - US5898891040 - Common Stock
84.01 USD
-0.16 (-0.19%)
MMSI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 188 industry peers in the Health Care Equipment & Supplies industry. MMSI gets an excellent profitability rating and is at the same time showing great financial health properties. MMSI has a correct valuation and a medium growth rate. This makes MMSI very considerable for quality investing!
1. Profitability
1.1 Basic Checks
MMSI had positive earnings in the past year.
MMSI had a positive operating cash flow in the past year.
Of the past 5 years MMSI 4 years were profitable.
In the past 5 years MMSI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MMSI (4.50%) is better than 79.26% of its industry peers.
MMSI has a better Return On Equity (7.74%) than 80.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.02%, MMSI is in the better half of the industry, outperforming 79.26% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MMSI is below the industry average of 8.98%.
The last Return On Invested Capital (6.02%) for MMSI is above the 3 year average (5.44%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 8.02%, MMSI is in the better half of the industry, outperforming 79.26% of the companies in the same industry.
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 78.72% of its industry peers.
In the last couple of years the Operating Margin of MMSI has grown nicely.
MMSI has a Gross Margin (48.47%) which is in line with its industry peers.
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.
Compared to 1 year ago, MMSI has more shares outstanding
Compared to 5 years ago, MMSI has more shares outstanding
The debt/assets ratio for MMSI has been reduced compared to a year ago.
2.2 Solvency
MMSI has an Altman-Z score of 4.26. This indicates that MMSI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MMSI (4.26) is better than 76.60% of its industry peers.
MMSI has a debt to FCF ratio of 3.60. This is a good value and a sign of high solvency as MMSI would need 3.60 years to pay back of all of its debts.
The Debt to FCF ratio of MMSI (3.60) is better than 82.45% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that MMSI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.48, MMSI is in line with its industry, outperforming 43.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 4.26 |
ROIC/WACC0.76
WACC7.91%
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 better Current ratio (4.28) than 72.34% of its industry peers.
A Quick Ratio of 2.86 indicates that MMSI has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.86, MMSI is in the better half of the industry, outperforming 65.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.71% over the past year.
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.
Measured over the past years, MMSI shows a small growth in Revenue. The Revenue has been growing by 6.40% on average per year.
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
The Earnings Per Share is expected to grow by 9.76% on average over the next years. This is quite good.
Based on estimates for the next years, MMSI will show a small growth in Revenue. The Revenue will grow by 7.55% on average per year.
EPS Next Y8.72%
EPS Next 2Y8.54%
EPS Next 3Y8.58%
EPS Next 5Y9.76%
Revenue Next Year11.45%
Revenue Next 2Y8.95%
Revenue Next 3Y7.91%
Revenue Next 5Y7.55%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 22.58 indicates a rather expensive valuation of MMSI.
Based on the Price/Earnings ratio, MMSI is valued a bit cheaper than 79.79% of the companies in the same industry.
MMSI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.46, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.49, which indicates a rather expensive current valuation of MMSI.
MMSI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MMSI is cheaper than 77.66% of the companies in the same industry.
MMSI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.58 | ||
| Fwd PE | 20.49 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMSI is valued a bit cheaper than the industry average as 76.06% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMSI indicates a rather cheap valuation: MMSI is cheaper than 81.91% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.41 | ||
| EV/EBITDA | 18.57 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
MMSI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.59
PEG (5Y)1.2
EPS Next 2Y8.54%
EPS Next 3Y8.58%
5. Dividend
5.1 Amount
No dividends for MMSI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:MMSI (11/19/2025, 2:58:30 PM)
84.01
-0.16 (-0.19%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners107.74%
Inst Owner Change53.07%
Ins Owners2.31%
Ins Owner Change2%
Market Cap4.98B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target106.49 (26.76%)
Short Float %5.34%
Short Ratio4.63
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)0%
PT rev (3m)0%
EPS NQ rev (1m)1.18%
EPS NQ rev (3m)4.87%
EPS NY rev (1m)2.86%
EPS NY rev (3m)10.81%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.58 | ||
| Fwd PE | 20.49 | ||
| P/S | 3.37 | ||
| P/FCF | 24.41 | ||
| P/OCF | 18.59 | ||
| P/B | 3.25 | ||
| P/tB | 10.29 | ||
| EV/EBITDA | 18.57 |
EPS(TTM)3.72
EY4.43%
EPS(NY)4.1
Fwd EY4.88%
FCF(TTM)3.44
FCFY4.1%
OCF(TTM)4.52
OCFY5.38%
SpS24.94
BVpS25.83
TBVpS8.17
PEG (NY)2.59
PEG (5Y)1.2
Graham Number46.49
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 | 4.26 |
F-Score6
WACC7.91%
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 Y8.72%
EPS Next 2Y8.54%
EPS Next 3Y8.58%
EPS Next 5Y9.76%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y8.07%
Revenue growth 5Y6.4%
Sales Q2Q%13.04%
Revenue Next Year11.45%
Revenue Next 2Y8.95%
Revenue Next 3Y7.91%
Revenue Next 5Y7.55%
EBIT growth 1Y14.96%
EBIT growth 3Y29.73%
EBIT growth 5Y33.17%
EBIT Next Year41.2%
EBIT Next 3Y16.55%
EBIT Next 5Y15.58%
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 7 / 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 22.58 and the Price/Book (PB) ratio is 3.25.
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 8.72% in the next year.