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Merit Medical Systems, Inc. (MMSI)

POSITIVE
HealthcareMedical Instruments & SuppliesUnited States

基本面

72

价格

$90.40

市值

$5.42B

第一部分 · 这家公司值多少

概览

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States, China, Japan, Germany, France, the United Kingdom, and internationally. It operates through two segments, Cardiovascular and Endoscopy. The company offers micropuncture kits, angiographic needles, sheaths, guide wires, and safety products; peripheral intervention products comprising angiography, drainage, delivery systems, and embolotherapy products; oncology products, such as soft tissue biopsy products and accessories; cardiac intervention products consisting of cardiac access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention products; and spine products, including vertebral augmentation, radiofrequency ablation, and bone biopsy systems. It also provides custom procedural solutions, including critical care products, syringes, manifold kits, and trays and packs; coating services for medical tubes and wires; and sensor components for microelectromechanical systems. In addition, the company offers gastroenterology products, such as esophageal stents, cryoballoon and inflation devices, gauges, and balloon dilators; pulmonary products consisting of laser-cut tracheobronchial stents, and over-the-wire and direct visualization delivery systems; and kits and accessories for endoscopy and bronchoscopy procedures. It sells its products to hospitals, alternate site-based physicians, technicians, and nurses through direct sales force, independent distributors, original equipment manufacturer partners, and custom procedure tray manufacturers. The company exports its products to Canada, Western Europe, Australia, Brazil, Malaysia, South Korea, the United Arab Emirates, India, New Zealand, and South Africa. Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah.

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Direct competitors

Who this company fights with for the same customers

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资产负债表与流动性

营收

$1.58B

最近12个月(截至2026/6/30)

净利润

$146M

最近12个月(截至2026/6/30)

自由现金流

$216M

股东权益合计

$1.58B

负债合计

$1.10B

流动比率

4.20

利息覆盖率

6.34

债务/EBITDA

2.66

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

General case被高估

公允价值

$74.50

当前价格

$90.40

安全边际

-21.3%

公允价值区间

$48.43 - $100.58

估算方法

Analyst price target:$100.27
Discounted cash flow (DCF):$92.48
Earnings multiple (P/E):$47.60
Graham growth formula:$39.56
Earnings power value (EPV):$33.13
Justified P/B:$31.85
Dividend discount (Gordon):Not enough data to compute it
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:$39.47
Revenue multiple:Not enough data to compute it
分析师共识:强力买入 (14B / 3H / 0S)
最近财报超预期:+21.65%

估值指标

市盈率(P/E)

37.15

ROE

8.1%

市净率(P/B)

3.21

P/FCF

26.53

毛利率

49.5%

ROIC

6.1%

盈利能力雷达图

Value Creation (Economic Moat)

ROIC

6.1%

WACC

7.3%

ROIC − WACC

-1.2 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

基本面分析标准

通过(21)

  • EPS shows upward trend
  • EPS CAGR 7.91%
  • Price CAGR 13.10%
  • ROIC 6.1%
  • Gross Margin 49.5%
  • P/FCF 26.53
  • Debt/Equity ratio
  • Operating Margin 12.8%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 9.1%
  • Revenue Growth 5Y 9.5%
  • Analyst Consensus 82% Buy
  • Earnings Surprise avg 11.9%
  • Earnings Quality (OCF/NI) 1.95
  • Share Dilution 1.7%
  • Net Margin Trend 9.2% vs 8.3%
  • Piotroski F-Score 7/9

未通过(5)

  • P/B Ratio 3.21
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

不可用(2)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-评分

7/9

财务状况强健

score
criteria

盈利质量

1.95

高质量:盈利有现金流支撑

股权稀释

1.7%

股份数量稳定

公司治理

管理团队

姓名职位年龄
Ms. Martha Goldberg AronsonPresident, CEO & Director58
Mr. Raul Parra Jr., CPACFO & Treasurer46
Mr. Brian G. Lloyd J.D.Chief Legal Officer & Corporate Secretary64
Mr. Michel J. VoigtChief Human Resources Officer52
Mr. Jason TreftChief Information Officer-
Ms. Sarah ComstockVice President of Global Communications-
Mr. John KnorppChief Regulatory Affairs Officer-
Mr. Ricardo AlvarezManaging Director of Operation Merit Medical Tijuana-
Mr. Mark ButlerExecutive Vice President of Merit Medical EMEA-
Ms. Alisha JerauldSustainability Council Chair and Vice President of Environment, Social & Governance-

审计风险

2

董事会风险

2

薪酬风险

1

股东权利风险

4

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

Latest News

Recent headlines for MMSI, sourced from Markets Gazette.

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