MMSI Valuation

Merit Medical Systems Inc

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86.630

-0.73(-0.836%)1D

Overview
Forecast
Valuation
Earnings

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 Fair zone, suggesting that its current forward PE ratio of 23.55 is considered Fairly compared with the five-year average of 26.35. The fair price of Merit Medical Systems Inc (MMSI) is between 81.64 to 102.31 according to relative valuation methord.

Relative Value

Fair Zone

81.64-102.31

Current Price：87.11

Fair

23.61

Trailing

Forward

16.20

EV/EBITDA

Merit Medical Systems Inc. (MMSI) has a current EV/EBITDA of 16.20. The 5-year average EV/EBITDA is 17.95. The thresholds are as follows: Strongly Undervalued below 14.48, Undervalued between 14.48 and 16.21, Fairly Valued between 19.69 and 16.21, Overvalued between 19.69 and 21.43, and Strongly Overvalued above 21.43. The current Forward EV/EBITDA of 16.20 falls within the Undervalued range.

18.99

EV/EBIT

Merit Medical Systems Inc. (MMSI) has a current EV/EBIT of 18.99. The 5-year average EV/EBIT is 20.78. The thresholds are as follows: Strongly Undervalued below 15.84, Undervalued between 15.84 and 18.31, Fairly Valued between 23.25 and 18.31, Overvalued between 23.25 and 25.72, and Strongly Overvalued above 25.72. The current Forward EV/EBIT of 18.99 falls within the Historic Trend Line -Fairly Valued range.

3.34

Merit Medical Systems Inc. (MMSI) has a current PS of 3.34. The 5-year average PS is 3.34. The thresholds are as follows: Strongly Undervalued below 2.49, Undervalued between 2.49 and 2.91, Fairly Valued between 3.76 and 2.91, Overvalued between 3.76 and 4.19, and Strongly Overvalued above 4.19. The current Forward PS of 3.34 falls within the Historic Trend Line -Fairly Valued range.

25.17

P/OCF

Merit Medical Systems Inc. (MMSI) has a current P/OCF of 25.17. The 5-year average P/OCF is 27.34. The thresholds are as follows: Strongly Undervalued below 15.58, Undervalued between 15.58 and 21.46, Fairly Valued between 33.21 and 21.46, Overvalued between 33.21 and 39.09, and Strongly Overvalued above 39.09. The current Forward P/OCF of 25.17 falls within the Historic Trend Line -Fairly Valued range.

36.29

P/FCF

Merit Medical Systems Inc. (MMSI) has a current P/FCF of 36.29. The 5-year average P/FCF is 39.77. The thresholds are as follows: Strongly Undervalued below 26.65, Undervalued between 26.65 and 33.21, Fairly Valued between 46.32 and 33.21, Overvalued between 46.32 and 52.88, and Strongly Overvalued above 52.88. The current Forward P/FCF of 36.29 falls within the Historic Trend Line -Fairly Valued range.

Merit Medical Systems Inc (MMSI) has a current Price-to-Book (P/B) ratio of 3.47. Compared to its 3-year average P/B ratio of 3.78 , the current P/B ratio is approximately -8.32% higher. Relative to its 5-year average P/B ratio of 3.62, the current P/B ratio is about -4.11% higher. Merit Medical Systems Inc (MMSI) has a Forward Free Cash Flow (FCF) yield of approximately 3.77%. Compared to its 3-year average FCF yield of 2.49%, the current FCF yield is approximately 51.13% lower. Relative to its 5-year average FCF yield of 2.81% , the current FCF yield is about 34.23% lower.

3.48

P/B

Median3y

3.78

Median5y

3.62

3.73

FCF Yield

Median3y

2.49

Median5y

2.81

Competitors Valuation Multiple

The average P/S ratio for MMSI's competitors is 4.39, providing a benchmark for relative valuation. Merit Medical Systems Inc Corp (MMSI) exhibits a P/S ratio of 3.34, which is -23.97% above the industry average. Given its robust revenue growth of 13.15%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

MMSI.O

Merit Medical Systems Inc

iRhythm Technologies Inc

Performance Decomposition

Market capitalization of MMSI decreased by 10.40% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 338.00M to 382.46M.

The secondary factor is the P/E Change, contributed -4.16%to the performance.

Overall, the performance of MMSI in the past 1 year is driven by Revenue Growth. Which is more sustainable.

13.15%

338.00M → 382.46M

Revenue Growth

-19.39%

10.57 → 8.52

Margin Expansion

-4.16%

46.21 → 44.29

P/E Change

-10.40%