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GMED

GMED - Globus Medical Inc Stock Price, Fair Value and News

61.74USD+10.38 (+20.21%)Market Closed

Market Summary

GMED
USD61.74+10.38
Market Closed
20.21%

GMED Alerts

  • Big jump in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

GMED Stock Price

View Fullscreen

GMED RSI Chart

GMED Valuation

Market Cap

8.3B

Price/Earnings (Trailing)

129.88

Price/Sales (Trailing)

4.39

EV/EBITDA

29.25

Price/Free Cashflow

54.96

GMED Price/Sales (Trailing)

GMED Profitability

EBT Margin

4.93%

Return on Equity

1.64%

Return on Assets

1.3%

Free Cashflow Yield

1.82%

GMED Fundamentals

GMED Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

119.26%

Rev. Growth (Qtr)

-1.6%

GMED Earnings

Earnings (TTM)

64.2M

Earnings Growth (Yr)

-113.1%

Earnings Growth (Qtr)

-158.09%

Breaking Down GMED Revenue

Last 7 days

22.4%

Last 30 days

16.1%

Last 90 days

17.6%

Trailing 12 Months

9.0%

How does GMED drawdown profile look like?

GMED Financial Health

Current Ratio

2.33

Debt/Equity

0.11

Debt/Cashflow

0.58

GMED Investor Care

Shares Dilution (1Y)

34.61%

Diluted EPS (TTM)

0.58

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.9B000
20231.1B1.1B1.2B1.6B
2022961.3M973.9M998.4M1.0B
2021825.8M927.9M941.5M958.1M
2020793.0M747.4M767.3M789.0M
2019721.5M742.7M769.6M785.4M
2018654.6M675.6M693.1M713.0M
2017580.5M595.4M611.5M636.0M
2016552.4M556.3M555.0M564.0M
2015491.8M511.8M531.0M544.8M
2014443.7M450.2M460.8M474.4M
2013396.3M407.3M419.8M434.5M
2012347.9M363.0M373.5M386.0M
2011299.0M309.8M320.7M331.5M
2010000288.2M
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Tracking the Latest Insider Buys and Sells of Globus Medical Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 15, 2024
norwalk leslie v
sold
-550,574
51.99
-10,590
-
Mar 01, 2024
huller kelly
sold
-405,730
54.0973
-7,500
svp, gc, corporate secretary
Mar 01, 2024
huller kelly
acquired
186,750
24.9
7,500
svp, gc, corporate secretary
Jan 18, 2024
davidar david d
gifted
-
-
-8,000
-
Sep 01, 2023
wolterman dan
acquired
-
-
24,025
-
Sep 01, 2023
deford john a
acquired
-
-
15,578
-
Sep 01, 2023
norwalk leslie v
acquired
-
-
28,009
-
May 15, 2023
lemaitre dan
acquired
1,104,780
25.4265
43,450
-
May 15, 2023
lemaitre dan
sold
-2,475,980
56.9845
-43,450
-
Feb 09, 2023
lemaitre dan
acquired
132,922
23.95
5,550
-

1–10 of 50

Which funds bought or sold GMED recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 07, 2024
Inspire Investing, LLC
reduced
-7.29
-25,493
356,223
0.04%
May 07, 2024
MONTAG A & ASSOCIATES INC
new
-
1,153
1,153
-%
May 07, 2024
SEI INVESTMENTS CO
reduced
-31.94
-1,964,490
4,271,980
0.01%
May 07, 2024
Swiss National Bank
reduced
-1.51
-106,793
12,218,000
0.01%
May 07, 2024
Paradice Investment Management LLC
reduced
-15.85
-6,211,730
34,386,500
5.96%
May 07, 2024
Washington Trust Advisors, Inc.
reduced
-18.17
-994,817
4,647,100
0.43%
May 07, 2024
SUSQUEHANNA INTERNATIONAL GROUP, LLP
reduced
-69.83
-5,815,730
2,535,780
-%
May 07, 2024
SYNTAX RESEARCH, INC.
unchanged
-
350
53,640
0.04%
May 07, 2024
RIVER GLOBAL INVESTORS LLP
added
47.45
701,119
2,149,460
0.54%
May 07, 2024
Mitsubishi UFJ Asset Management (UK) Ltd.
added
20.98
166,000
928,000
0.47%

1–10 of 48

Are Funds Buying or Selling GMED?

Are funds buying GMED calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own GMED
No. of Funds

Unveiling Globus Medical Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
paul david c
15.76%
21,304,758
SC 13G/A
Feb 13, 2024
janus henderson group plc
5.7%
7,908,828
SC 13G/A
Feb 13, 2024
vanguard group inc
9.54%
11,277,722
SC 13G/A
Feb 13, 2024
kayne anderson rudnick investment management llc
0.00%
0
SC 13G/A
Jan 24, 2024
blackrock inc.
9.4%
10,841,823
SC 13G/A
Sep 11, 2023
vanguard group inc
14.46%
11,283,774
SC 13G/A
Sep 07, 2023
blackrock inc.
12.1%
9,456,012
SC 13G/A
Feb 14, 2023
paul david c
21.57%
21,389,400
SC 13G/A
Feb 14, 2023
kayne anderson rudnick investment management llc
7.99%
6,184,472
SC 13G
Feb 10, 2023
janus henderson group plc
5.6%
5,633,954
SC 13G/A

Recent SEC filings of Globus Medical Inc

View All Filings
Date Filed Form Type Document
May 08, 2024
144
Notice of Insider Sale Intent
May 08, 2024
144
Notice of Insider Sale Intent
May 07, 2024
10-Q
Quarterly Report
May 07, 2024
8-K
Current Report
Apr 26, 2024
DEF 14A
DEF 14A
Apr 26, 2024
DEFA14A
DEFA14A
Mar 19, 2024
4
Insider Trading
Mar 15, 2024
144
Notice of Insider Sale Intent
Mar 05, 2024
4
Insider Trading
Mar 01, 2024
144
Notice of Insider Sale Intent

Peers (Alternatives to Globus Medical Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
182.6B
40.3B
-5.05% -4.82%
32.45
4.53
-2.84% -3.08%
67.4B
19.7B
-3.45% -6.52%
50.6
3.42
4.82% -17.56%
20.6B
3.9B
-14.54% -9.65%
44.54
5.26
5.72% 46.72%
18.2B
14.9B
-15.38% -17.01%
6.88
1.22
2.98% 207.68%
MID-CAP
10.0B
3.5B
7.32% 25.05%
31.94
2.82
6.16% 35.06%
9.3B
12.5B
0.39% -2.78%
24.01
0.75
-0.61% -18.83%
7.6B
2.6B
-17.82% -26.90%
-23.72
2.94
-6.25% -68.62%
5.8B
3.9B
-13.74% -32.04%
-61.76
1.47
0.23% 91.03%
3.4B
387.1M
-0.59% 20.47%
-215.56
8.87
30.82% 65.57%
2.3B
6.6B
-1.26% -0.69%
11.98
0.35
2.78% -0.87%
SMALL-CAP
1.3B
3.2B
-6.92% -14.34%
-1.85
0.4
7.94% -1661.78%
423.5M
169.3M
11.74% 12.93%
-5.51
2.5
7.49% -244.90%
236.7M
324.0M
-10.59% -34.33%
-1.23
0.73
-3.19% -337.41%
45.4M
52.3M
-10.27% -60.90%
-2.43
0.87
17.61% 19.28%
3.3M
3.7M
-25.00% 250.00%
-0.27
0.88
5.77% 8.23%

Globus Medical Inc News

Latest updates
Benzinga10 hours ago

Globus Medical Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-1.6%607617384292277274254264231250230251227233216149191212196195183
Gross Profit4.0%36535124821520620418919517118817118717217315998.00142163151151141
Operating Expenses4.8%357341248149149150129127125170118141118114109124113113109108104
  S&GA Expenses1.6%24924515612012211810710710110796.0010798.0092.0089.0080.0094.0092.0088.0088.0086.00
  R&D Expenses9.6%57.0052.0029.0021.0021.0020.0019.0017.0017.0051.0016.0016.0015.0015.0014.0039.0015.0015.0015.0016.0014.00
EBITDA Margin-28.1%0.15*0.21*0.26*0.32*0.32*0.32*0.28*0.28*0.26*0.27*0.32*0.33*---------
Interest Expenses26.6%-1.89-2.588.008.006.005.004.002.003.002.002.003.003.003.003.004.004.004.004.004.004.00
Income Taxes-114.5%-1.4410.002.0017.0014.0012.0014.0016.0011.005.007.007.0012.009.009.00-1.107.009.008.009.008.00
Earnings Before Taxes-134.2%-8.5625.003.0075.0063.0062.0061.0071.0049.0020.0054.0049.0057.0062.0053.00-21.9432.0054.0047.0047.0042.00
EBT Margin-53.2%0.05*0.11*0.17*0.24*0.24*0.24*0.20*0.20*0.18*0.19*0.24*0.24*---------
Net Income-158.1%-7.1212.001.0058.0054.0058.0047.0046.0028.0011.0046.0042.0040.0055.0045.00-13.2723.0045.0037.0042.0035.00
Net Income Margin-57.8%0.03*0.08*0.14*0.20*0.19*0.18*0.13*0.13*0.13*0.14*0.19*0.20*---------
Free Cashflow-70.9%24.0082.0029.0017.0037.0046.0021.0013.0025.0059.0059.0051.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-2.8%4,9445,0865,3562,2122,1502,0761,9771,9151,9991,9571,9111,8301,7381,6791,5421,4661,4791,5321,4521,3911,336
  Current Assets-4.5%1,8291,9151,9171,2101,070983920891917865981892814822812697642687637584618
    Cash Equivalents-24.2%354467280306218150134151230193362269185239251166167196166118130
  Inventory-3.8%816848905336321299282266254237234231232229232224208196187173143
  Net PPE-1.4%579587607248245244236239228221216211216217215212213200197194184
  Goodwill1.2%1,4511,4359241991991971825.0017918011.0015615515726.00129129129129130124
Liabilities-6.1%1,0211,0881,16922723523021221621321619219117517312512911613011310399.00
  Current Liabilities100.4%78639242915516815914514614114012313012412110010698.0011195.0084.0079.00
  Long Term Debt-100.0%-417410------------------
    LT Debt, Non Current-100.0%-417410------------------
Shareholder's Equity-1.9%3,9223,9984,1871,9851,9151,8461,7641,6991,7851,7411,7181,6391,5631,5061,4171,3371,3631,4021,3391,2881,237
  Retained Earnings-8.0%1,0471,1371,3481,3471,2891,2401,1901,1421,2321,1941,1791,1321,0901,0459929481,0001,0481,002964926
  Additional Paid-In Capital0.5%2,8862,8712,858657645631606582570554542509474457423388370357339325317
Accumulated Depreciation5.0%447426388364354343333322314306301294282276267258250244238231224
Shares Outstanding19.7%135113105100100100101101102101100100---------
Float----4,600---4,300---5,900---3,500-3,300-3,300-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-50.0%52,387104,67450,48435,02853,31363,97532,92036,88344,69076,25377,26259,18963,57080,18453,24823,06842,29354,30955,86622,59739,203
  Share Based Compensation38.7%17,26012,44522,7558,5898,9538,5078,3147,8378,1527,8057,4517,6327,6985,9357,0207,3116,8076,4386,8986,3016,448
Cashflow From Investing-114.5%-46,584320,615-80,86152,22210,992-60,484-63,11027,126-13,894-243,797-6,885-143-125,114-119,0927,661-3,299-2,592-36,035-13,668-36,739-53,839
Cashflow From Financing51.2%-115,721-237,2701,4251,0842,94013,59113,162-142,7626,047-1,02322,67824,9287,56427,21223,683-20,891-68,66711,1856,6191,7304,905
  Buy Backs-83,315------144,493-------30,80573,864----
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GMED Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]  
Net sales$ 606,666$ 276,688
Cost of sales241,48770,825
Gross profit365,179205,863
Operating expenses:  
Research and development57,26821,082
Selling, general and administrative248,710122,416
Provision for litigation, net(31) 
Amortization of intangibles29,6764,601
Acquisition-related costs2,4181,361
Restructuring Costs19,141 
Total operating expenses357,182149,460
Operating income/(loss)7,99756,403
Other income/(expense), net  
Interest income/(expense), net(1,894)6,497
Foreign currency transaction gain/(loss)(15,371)212
Other income/(expense)71077
Total other income/(expense), net(16,555)6,786
Income/(loss) before income taxes(8,558)63,189
Income tax provision/(benefit)(1,441)14,060
Net income/(loss)(7,117)49,129
Other comprehensive income/(loss), net of tax:  
Unrealized gain/(loss) on marketable securities3794,298
Foreign currency translation gain/(loss)(1,232)910
Total other comprehensive income/(loss), net of tax(853)5,208
Comprehensive income/(loss)$ (7,970)$ 54,337
Earnings per share:  
Basic$ (0.05)$ 0.49
Diluted$ (0.05)$ 0.48
Weighted average shares outstanding:  
Basic135,358100,279
Diluted135,358102,196

GMED Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash and cash equivalents$ 354,062$ 467,292
Short-term marketable securities80,40850,497
Accounts receivable, net of allowances of $11,527 and $8,934, respectively534,333503,235
Inventories816,196848,135
Prepaid expenses and other current assets43,20944,580
Income taxes receivable3661,635
Total current assets1,828,5741,915,374
Property and equipment, net of accumulated depreciation of $447,122 and $425,695, respectively578,887586,932
Operating lease right of use assets56,34759,931
Long-term marketable securities51,25675,428
Intangible assets, net888,208924,603
Goodwill1,451,1061,434,540
Other assets78,21678,590
Deferred income taxes11,01810,685
Total assets4,943,6125,086,083
Current liabilities:  
Accounts payable50,48756,671
Accrued expenses210,011240,460
Operating lease liabilities11,74911,967
Income taxes payable43,0583,845
Senior convertible notes424,044 
Business acquisition liabilities29,64961,035
Deferred revenue17,07718,369
Payable to broker249 
Total current liabilities786,324392,347
Business acquisition liabilities, net of current portion81,66178,323
Operating lease liabilities89,80991,037
Senior convertible notes 417,400
Deferred income taxes and other tax liabilities39,95284,421
Other liabilities23,50524,596
Total liabilities1,021,2511,088,124
Commitments and contingencies (Note 17)
Equity:  
Additional paid-in capital2,886,4362,870,749
Accumulated other comprehensive income/(loss)(11,045)(10,192)
Retained earnings1,046,8351,137,266
Total equity3,922,3613,997,959
Total liabilities and equity4,943,6125,086,083
Common Class A [Member]  
Equity:  
Common stock113114
Common Class B [Member]  
Equity:  
Common stock$ 22$ 22
GMED
Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally. It offers spine products, such as traditional fusion implants comprising pedicle screw and rod systems, plating systems, intervertebral spacers, and corpectomy devices for treating degenerative and congenital conditions, deformity, tumors, and trauma injuries; treatment options for motion preservation technologies that consist of dynamic stabilization, total disc replacement, and interspinous distraction devices; interventional pain management solutions to treat vertebral compression fractures; and regenerative biologic products comprising of allografts and synthetic alternatives. The company also offers products for the treatment of orthopedic trauma, including fracture plates, compression screws, intramedullary nails, and external fixation systems; and hip and knee joint solutions, including modular hip stems and acetabular cups, as well as posterior stabilizing and cruciate retaining knee arthroplasty implants. In addition, it distributes human cell, tissue, and cellular and tissue-based products. The company sells its products through direct or distributor sales presence, as well as its hip and knee products primarily through independent sales agents. Globus Medical, Inc. was incorporated in 2003 and is headquartered in Audubon, Pennsylvania.
 CEO
 WEBSITEglobusmedical.com
 INDUSTRYMedical Instruments & Supplies
 EMPLOYEES2600

Globus Medical Inc Frequently Asked Questions


What is the ticker symbol for Globus Medical Inc? What does GMED stand for in stocks?

GMED is the stock ticker symbol of Globus Medical Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Globus Medical Inc (GMED)?

As of Wed May 08 2024, market cap of Globus Medical Inc is 8.34 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GMED stock?

You can check GMED's fair value in chart for subscribers.

What is the fair value of GMED stock?

You can check GMED's fair value in chart for subscribers. The fair value of Globus Medical Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Globus Medical Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GMED so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Globus Medical Inc a good stock to buy?

The fair value guage provides a quick view whether GMED is over valued or under valued. Whether Globus Medical Inc is cheap or expensive depends on the assumptions which impact Globus Medical Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GMED.

What is Globus Medical Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, GMED's PE ratio (Price to Earnings) is 129.88 and Price to Sales (PS) ratio is 4.39. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GMED PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Globus Medical Inc's stock?

In the past 10 years, Globus Medical Inc has provided 0.101 (multiply by 100 for percentage) rate of return.