MMSI Relative Valuation
MMSI'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, MMSI is overvalued; if below, it's undervalued.
Historical Valuation
Merit Medical Systems Inc (MMSI) is now in the Undervalued zone, suggesting that its current forward PE ratio of 21.60 is considered Undervalued compared with the five-year average of 25.89. The fair price of Merit Medical Systems Inc (MMSI) is between 92.16 to 113.52 according to relative valuation methord. Compared to the current price of 84.29 USD , Merit Medical Systems Inc is Undervalued By 8.54%.
Relative Value
Fair Zone
92.16-113.52
Current Price：84.29
8.54%
Undervalued
21.56
PE
1Y
3Y
5Y
Trailing
Forward
15.24
EV/EBITDA
Merit Medical Systems Inc. (MMSI) has a current EV/EBITDA of 15.24. The 5-year average EV/EBITDA is 17.74. The thresholds are as follows: Strongly Undervalued below 14.20, Undervalued between 14.20 and 15.97, Fairly Valued between 19.51 and 15.97, Overvalued between 19.51 and 21.28, and Strongly Overvalued above 21.28. The current Forward EV/EBITDA of 15.24 falls within the Undervalued range.
17.42
EV/EBIT
Merit Medical Systems Inc. (MMSI) has a current EV/EBIT of 17.42. The 5-year average EV/EBIT is 20.48. The thresholds are as follows: Strongly Undervalued below 15.61, Undervalued between 15.61 and 18.04, Fairly Valued between 22.91 and 18.04, Overvalued between 22.91 and 25.34, and Strongly Overvalued above 25.34. The current Forward EV/EBIT of 17.42 falls within the Undervalued range.
3.17
PS
Merit Medical Systems Inc. (MMSI) has a current PS of 3.17. The 5-year average PS is 3.37. The thresholds are as follows: Strongly Undervalued below 2.58, Undervalued between 2.58 and 2.98, Fairly Valued between 3.76 and 2.98, Overvalued between 3.76 and 4.15, and Strongly Overvalued above 4.15. The current Forward PS of 3.17 falls within the Historic Trend Line -Fairly Valued range.
20.27
P/OCF
Merit Medical Systems Inc. (MMSI) has a current P/OCF of 20.27. The 5-year average P/OCF is 27.28. The thresholds are as follows: Strongly Undervalued below 15.40, Undervalued between 15.40 and 21.34, Fairly Valued between 33.22 and 21.34, Overvalued between 33.22 and 39.16, and Strongly Overvalued above 39.16. The current Forward P/OCF of 20.27 falls within the Undervalued range.
29.74
P/FCF
Merit Medical Systems Inc. (MMSI) has a current P/FCF of 29.74. The 5-year average P/FCF is 38.59. The thresholds are as follows: Strongly Undervalued below 27.10, Undervalued between 27.10 and 32.84, Fairly Valued between 44.33 and 32.84, Overvalued between 44.33 and 50.08, and Strongly Overvalued above 50.08. The current Forward P/FCF of 29.74 falls within the Undervalued range.
Merit Medical Systems Inc (MMSI) has a current Price-to-Book (P/B) ratio of 3.27. Compared to its 3-year average P/B ratio of 3.79 , the current P/B ratio is approximately -13.78% higher. Relative to its 5-year average P/B ratio of 3.64, the current P/B ratio is about -10.30% higher. Merit Medical Systems Inc (MMSI) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 2.63%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 2.87% , the current FCF yield is about -100.00% lower.
3.26
P/B
Median3y
3.79
Median5y
3.64
4.14
FCF Yield
Median3y
2.63
Median5y
2.87
Competitors Valuation Multiple
The average P/S ratio for MMSI's competitors is , providing a benchmark for relative valuation. Merit Medical Systems Inc Corp (MMSI) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 13.04%, 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 MMSI decreased by 13.06% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 339.85M to 384.16M.
The secondary factor is the P/E Change, contributed -12.36%to the performance.
Overall, the performance of MMSI in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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