CNMD Relative Valuation
CNMD's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CNMD is overvalued; if below, it's undervalued.
Historical Valuation
Conmed Corp (CNMD) is now in the Undervalued zone, suggesting that its current forward PE ratio of 9.53 is considered Undervalued compared with the five-year average of 26.67. The fair price of Conmed Corp (CNMD) is between 203.20 to 285.55 according to relative valuation methord. Compared to the current price of 44.36 USD , Conmed Corp is Undervalued By 78.17%.
Relative Value
Fair Zone
203.20-285.55
Current Price：44.36
78.17%
Undervalued
9.50
PE
1Y
3Y
5Y
Trailing
Forward
7.68
EV/EBITDA
Conmed Corp. (CNMD) has a current EV/EBITDA of 7.68. The 5-year average EV/EBITDA is 15.68. The thresholds are as follows: Strongly Undervalued below 6.20, Undervalued between 6.20 and 10.94, Fairly Valued between 20.42 and 10.94, Overvalued between 20.42 and 25.16, and Strongly Overvalued above 25.16. The current Forward EV/EBITDA of 7.68 falls within the Undervalued range.
9.98
EV/EBIT
Conmed Corp. (CNMD) has a current EV/EBIT of 9.98. The 5-year average EV/EBIT is 20.96. The thresholds are as follows: Strongly Undervalued below 7.79, Undervalued between 7.79 and 14.37, Fairly Valued between 27.54 and 14.37, Overvalued between 27.54 and 34.12, and Strongly Overvalued above 34.12. The current Forward EV/EBIT of 9.98 falls within the Undervalued range.
0.97
PS
Conmed Corp. (CNMD) has a current PS of 0.97. The 5-year average PS is 2.45. The thresholds are as follows: Strongly Undervalued below 0.58, Undervalued between 0.58 and 1.52, Fairly Valued between 3.38 and 1.52, Overvalued between 3.38 and 4.31, and Strongly Overvalued above 4.31. The current Forward PS of 0.97 falls within the Undervalued range.
8.26
P/OCF
Conmed Corp. (CNMD) has a current P/OCF of 8.26. The 5-year average P/OCF is 24.26. The thresholds are as follows: Strongly Undervalued below 3.37, Undervalued between 3.37 and 13.82, Fairly Valued between 34.70 and 13.82, Overvalued between 34.70 and 45.15, and Strongly Overvalued above 45.15. The current Forward P/OCF of 8.26 falls within the Undervalued range.
7.77
P/FCF
Conmed Corp. (CNMD) has a current P/FCF of 7.77. The 5-year average P/FCF is 25.79. The thresholds are as follows: Strongly Undervalued below -0.46, Undervalued between -0.46 and 12.66, Fairly Valued between 38.92 and 12.66, Overvalued between 38.92 and 52.04, and Strongly Overvalued above 52.04. The current Forward P/FCF of 7.77 falls within the Undervalued range.
Conmed Corp (CNMD) has a current Price-to-Book (P/B) ratio of 1.36. Compared to its 3-year average P/B ratio of 2.96 , the current P/B ratio is approximately -54.05% higher. Relative to its 5-year average P/B ratio of 3.72, the current P/B ratio is about -63.36% higher. Conmed Corp (CNMD) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 5.12%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 3.91% , the current FCF yield is about -100.00% lower.
1.36
P/B
Median3y
2.96
Median5y
3.72
10.85
FCF Yield
Median3y
5.12
Median5y
3.91
Competitors Valuation Multiple
The average P/S ratio for CNMD's competitors is 0.00, providing a benchmark for relative valuation. Conmed Corp Corp (CNMD) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 6.70%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of CNMD decreased by 35.36% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 14.15 to 21.58.
The secondary factor is the Revenue Growth, contributed 6.70%to the performance.
Overall, the performance of CNMD in the past 1 year is driven by P/E Change. Which is more unsustainable.
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