NASDAQ
MMSI
Last Price
US $90.5
KEY FIGURES
MKT CAP
$5.4B
EPS
TTM
$2.44
EPS Growth (1Y)
4.93%
PEG
TTM
-
P/E
TTM
37.11x
P/S
TTM
3.42x
YIELD
-
GROWTH (5Y CAGR)
Profit margin
Current Ratio
Capital Returns
9.07%
Return on equity
ROIC: 5.78%
Valuation History
36.9X
Price to Earnings
EV/EBITDA: 15.9X
Cash flow
Profit margin
Revenue
9.46%
EBITDA
26.24%
Cash flow
12.88%
Cash Flow (DCF)
Fair Value
Market $90.5
-37.18%
Default assumptions
EBITDA Multiple
Fair Value
Market $90.5
-65.14%
Default assumptions
Base valuations use default assumptions. Customize in the Valuator.
Valuation
Financial
Performance
Cash flow to 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.
Free 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
Debt-to-equity ratio
Merit Medical Systems, Inc.'s debt to equity ratio is 0.49, which means that the company's assets are healthy financed, signaling financial stability.
Debt-to-equity trend
Merit Medical Systems, Inc.'s debt has decreased relative to shareholder equity from 0.58 last year to 0.49 today, signaling strengthened financials
Net debt to 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
Interest coverage
Merit Medical Systems, Inc.'s interest coverage ratio of 6.34 indicates that earnings with good margin can cover interest payments on company debt
Profit margin growth
Merit Medical Systems, Inc.'s profit margin has increased (3.89%) in the last year from 8.87% to 9.22%, signaling increasing performance
Current ratio
Merit Medical Systems, Inc.'s short-term assets of $1.04B exceed its short-term liabilities of $239.76M
Return on assets
Merit Medical Systems, Inc.'s return on assets of 5.08% is higher than the 5.00% threshold, indicating efficient asset utilization
Return on equity
Merit Medical Systems, Inc.'s return on equity of 9.07%, is lower than 15.00%, indicating bad performance
Earnings quality
Merit Medical Systems, Inc.'s operating cash flow exceeds its net income, indicating high-quality earnings backed by actual cash generation
Earnings stability
Merit Medical Systems, Inc. had positive net income in 5 out of 5 years, indicating stable and consistent earnings
Positive free cash flow
Merit Medical Systems, Inc. has positive free cash flow, indicating the company generates cash after capital expenditures
Free cash flow yield
Merit Medical Systems, Inc. has a free cash flow yield of 3.97%, which is above the 2.00% threshold, indicating strong cash generation relative to market value
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
Revenue growth
Merit Medical Systems, Inc.'s yearly revenue has increased 11.75% since last year from $1.36B to $1.52B, signaling increasing performance
Return on invested capital
ROIC 5.78% (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.
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
Revenue consistency
Merit Medical Systems, Inc. had revenue growth in 5 out of 5 years, indicating consistent revenue performance
Return on equity consistency
Merit Medical Systems, Inc. had positive ROE in 5 out of 5 years, indicating consistent and reliable returns on equity
Cash Flow Valuation (DCF)
Merit Medical Systems, Inc. is overvalued relative to its fair value price of 56.85 based on Discounted Cash Flow model
Earnings yield (TTM)
Merit Medical Systems, Inc. has an earnings yield of 2.72%, which is below the 4.00% threshold, indicating the stock may be expensive relative to its earnings
EBITDA Valuation
Merit Medical Systems, Inc. is overvalued relative to its fair value price of 31.55 based on EBITDA multiple model
EV/EBITDA (FY)
Merit Medical Systems, Inc. has an EV/EBITDA ratio of 17.49x, which is below the 20.00x threshold, indicating reasonable valuation relative to its operating earnings
PEG ratio (TTM/FY)
Merit Medical Systems, Inc. had non-positive diluted EPS five years ago; the PEG ratio is not meaningful and the check fails.
Price-to-book ratio (FY)
Merit Medical Systems, Inc. has a price-to-book ratio of 3.19x, which is below the 5.00x threshold, indicating reasonable valuation relative to its book value
Price-to-sales ratio (TTM)
Merit Medical Systems, Inc. has a price-to-sales ratio of 3.39x, which is below the 8.00x threshold, indicating reasonable valuation relative to its revenue