NASDAQ
MMSI
Last Price
US $71.02
KEY FIGURES
MKT CAP
$4.2B
EPS
TTM
$2.34
PEG
TTM
2.51x
P/E
TTM
30.33x
P/S
TTM
2.74x
YIELD
0.00%
GROWTH
Revenue Y/Y
Profit margin
Current Ratio
Capital Returns
8.95%
Return on equity
ROIC: 5.56%
Valuation History
31.3X
Price to Earnings
EV/EBITDA: 13.5X
Cash flow
Profit margin
9.46%
(FY vs FY)
EBITDA Y/Y
26.24%
(FY vs FY)
Cash flow Y/Y
12.88%
(FY vs FY)
Cash Flow (DCF)
Fair Value
Market $71.02
-19.95%
Default assumptions
EBITDA Multiple
Fair Value
Market $71.02
-55.58%
Default assumptions
Base valuations use default assumptions. Customize in the Valuator.
Valuation
Financial
Performance
Financial stability - Cash flow debt coverage.
Merit Medical Systems, Inc. cash flow to debt ratio of 33.11% indicates that the company generates enough cash to cover its debts. This level indicates strong financial health.
Financial stability - Healthy cash flow growth.
Merit Medical Systems, Inc.'s free cash flow has increased 16.29% from $182.76M last year to $212.53M, signaling increasing performance
Financial stability - Healthy debt to equity ratio.
Merit Medical Systems, Inc.'s debt to equity ratio is 0.51, which means that the company's assets are healthy financed, signaling financial stability. READ MORE: A ratio under 0.60 means the company finances its assets with own equity, signaling financial stability and good management.
Financial stability - Healthy debt to equity ratio development.
Merit Medical Systems, Inc.'s debt has decreased relative to shareholder equity from 0.58 last year to 0.51 today, signaling strengthened financials
Financial stability - Net debt/EBITDA.
Merit Medical Systems, Inc. has a net debt to EBITDA ratio of 1.35x, which is below the 3.00x threshold, indicating healthy leverage and financial stability
Financial stability - ICR.
Merit Medical Systems, Inc.'s interest coverage ratio of 7.08 indicates that earnings with good margin can cover interest payments on company debt
Financial stability - Profit margin growth.
Merit Medical Systems, Inc.'s profit margin has increased (1.79%) in the last year from 8.87% to 9.03%, signaling increasing performance
Financial stability - Short term assets vs short term liabilities.
Merit Medical Systems, Inc.'s short-term assets of $1.04G exceed its short-term liabilities of $239.76M
Increasing performance - ROA.
Merit Medical Systems, Inc.'s return on assets of 5.12% is higher than the 5.00% threshold, indicating efficient asset utilization
Decreasing performance - Absolute return on equity.
Merit Medical Systems, Inc.'s return on equity of 8.95%, is lower than 15.00%, indicating bad performance
Increasing performance - Earnings quality.
Merit Medical Systems, Inc.'s operating cash flow exceeds its net income, indicating high-quality earnings backed by actual cash generation
Increasing performance - Earnings stability.
Merit Medical Systems, Inc. had positive net income in 5.00 out of 5 years, indicating stable and consistent earnings
Increasing performance - Free cash flow.
Merit Medical Systems, Inc. has positive free cash flow, indicating the company generates cash after capital expenditures
Increasing performance - FCF yield.
Merit Medical Systems, Inc. has a free cash flow yield of 5.02%, which is above the 2.00% threshold, indicating strong cash generation relative to market value
Increasing performance - Healthy earnings growth.
Merit Medical Systems, Inc.'s yearly earnings has increased 6.76% since last year from $120.36M to $128.49M, signaling increasing performance
Increasing performance - Healthy revenue growth.
Merit Medical Systems, Inc.'s yearly revenue has increased 11.75% since last year from $1.36G to $1.52G, signaling increasing performance
Increasing performance - ROIC.
ROIC 5.56% (Source: FMP key-metrics). In the 5–10% partial-credit band. Score: 1 of 2. This band sits within the typical US weighted-average cost of capital range. Methodology choice can change the conclusion: under FMP's invested-capital definition the company is at or near its cost of capital; under narrower operating-capital definitions the same company may score higher. Invested capital here includes equity, non-current liabilities, and short-term debt. Cash is not subtracted. See methodology.
Increasing performance - 3-year revenue CAGR.
Merit Medical Systems, Inc.'s 3-year revenue CAGR of 9.59% is positive, indicating growing revenue over the past 3 years
Increasing performance - Revenue consistency.
Merit Medical Systems, Inc. had revenue growth in 5.00 out of 5 years, indicating consistent revenue performance
Increasing performance - ROE consistency.
Merit Medical Systems, Inc. had positive ROE in 5.00 out of 5 years, indicating consistent and reliable returns on equity
Overvalued - DCF valuation.
Merit Medical Systems, Inc. is overvalued relative to its fair value price of 56.85 based on Discounted Cash Flow model
Overvalued - Earnings yield.
Merit Medical Systems, Inc. has an earnings yield of 3.30%, which is below the 4.00% threshold, indicating the stock may be expensive relative to its earnings
Overvalued - EBITDA valuation.
Merit Medical Systems, Inc. is overvalued relative to its fair value price of 31.55 based on EBITDA multiple model
Undervalued - EV/EBITDA.
Merit Medical Systems, Inc. has an EV/EBITDA ratio of 14.11x, which is below the 20.00x threshold, indicating reasonable valuation relative to its operating earnings
Overvalued - PEG ratio value.
Merit Medical Systems, Inc. has a PEG-ratio over 1 which is considered overvalued
Undervalued - P/B ratio.
Merit Medical Systems, Inc. has a price-to-book ratio of 2.60x, which is below the 5.00x threshold, indicating reasonable valuation relative to its book value
Undervalued - P/S ratio.
Merit Medical Systems, Inc. has a price-to-sales ratio of 2.74x, which is below the 8.00x threshold, indicating reasonable valuation relative to its revenue