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MMSI

MMSI - Merit Medical Systems Inc Stock Price, Fair Value and News

80.54USD+1.03 (+1.30%)Delayed as of 07 May 2024, 10:53 am ET

Market Summary

MMSI
USD80.54+1.03
Delayedas of 07 May 2024, 10:53 am
1.30%

MMSI Alerts

  • Big jump in Earnings (Y/Y)

MMSI Stock Price

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MMSI RSI Chart

MMSI Valuation

Market Cap

4.6B

Price/Earnings (Trailing)

45.32

Price/Sales (Trailing)

3.6

EV/EBITDA

20.54

Price/Free Cashflow

34.57

MMSI Price/Sales (Trailing)

MMSI Profitability

EBT Margin

9.42%

Return on Equity

8.22%

Return on Assets

4.38%

Free Cashflow Yield

2.89%

MMSI Fundamentals

MMSI Revenue

Revenue (TTM)

1.3B

Rev. Growth (Yr)

8.72%

Rev. Growth (Qtr)

-0.31%

MMSI Earnings

Earnings (TTM)

101.9M

Earnings Growth (Yr)

36.41%

Earnings Growth (Qtr)

2.21%

Breaking Down MMSI Revenue

52 Week Range

62.6785.62
(Low)(High)

Last 7 days

5.9%

Last 30 days

9.9%

Last 90 days

1.1%

Trailing 12 Months

-6.3%

How does MMSI drawdown profile look like?

MMSI Financial Health

Current Ratio

6.03

Debt/Equity

0.65

Debt/Cashflow

0.21

MMSI Investor Care

Shares Dilution (1Y)

1.06%

Diluted EPS (TTM)

1.75

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.3B000
20231.2B1.2B1.2B1.3B
20221.1B1.1B1.1B1.2B
2021969.3M1.0B1.1B1.1B
20201.0B962.9M963.8M963.9M
2019918.1M948.8M970.2M994.9M
2018759.8M798.1M840.4M882.8M
2017636.8M672.3M694.7M727.9M
2016550.6M563.6M584.5M603.8M
2015520.0M529.2M536.5M542.1M
2014464.3M483.3M496.9M509.7M
2013402.6M412.0M431.3M449.0M
2012368.4M377.7M383.1M394.3M
2011316.0M332.3M349.6M359.4M
20100270.6M283.7M296.8M
2009000257.5M
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Tracking the Latest Insider Buys and Sells of Merit Medical Systems Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 14, 2024
lloyd brian g.
gifted
-
-
-1,180
chief legal officer, secretary
Mar 12, 2024
parra raul jr.
sold
-479,182
73.9479
-6,480
cfo and treasurer
Mar 07, 2024
wright joseph
acquired
705,000
28.2
25,000
chief commercial officer
Mar 07, 2024
wright joseph
sold
-1,891,920
75.677
-25,000
chief commercial officer
Mar 06, 2024
peterson neil
acquired
336,000
44.8
7,500
chief operating officer
Mar 06, 2024
voigt michel james
gifted
-
-
-315
chief human resources officer
Mar 04, 2024
voigt michel james
sold (taxes)
-201,221
76.51
-2,630
chief human resources officer
Mar 04, 2024
wright joseph
sold (taxes)
-201,221
76.51
-2,630
chief commercial officer
Mar 04, 2024
wright joseph
acquired
-
-
14,429
chief commercial officer
Mar 04, 2024
gunderson thomas james
sold
-1,380,510
76.032
-18,157
-

1–10 of 50

Which funds bought or sold MMSI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 03, 2024
Smartleaf Asset Management LLC
new
-
382
382
-%
May 03, 2024
OREGON PUBLIC EMPLOYEES RETIREMENT FUND
reduced
-8.28
-109,601
1,174,810
0.02%
May 03, 2024
VICTORY CAPITAL MANAGEMENT INC
reduced
-14.03
-763,193
4,584,090
-%
May 03, 2024
HUNTINGTON NATIONAL BANK
added
16.6
14,599
104,308
-%
May 03, 2024
SIGNATUREFD, LLC
reduced
-4.29
-564
11,817
-%
May 02, 2024
LGT Financial Advisors LLC
unchanged
-
-13.00
5,000
0.01%
May 02, 2024
JENNISON ASSOCIATES LLC
reduced
-37.12
-389,972
655,693
-%
May 02, 2024
Fidelis Capital Partners, LLC
new
-
427,977
427,977
0.06%
May 02, 2024
FORA Capital, LLC
new
-
577,064
577,064
0.05%
May 02, 2024
South Dakota Investment Council
reduced
-5.59
-56,000
895,000
0.02%

1–10 of 46

Are Funds Buying or Selling MMSI?

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

Unveiling Merit Medical Systems Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
11.92%
6,884,723
SC 13G/A
Feb 12, 2024
william blair investment management, llc
6.6%
3,791,089
SC 13G/A
Jan 22, 2024
blackrock inc.
17.4%
10,067,008
SC 13G/A
Feb 15, 2023
arrowmark colorado holdings llc
4.42%
2,517,226
SC 13G/A
Feb 09, 2023
william blair investment management, llc
6.6%
3,729,980
SC 13G/A
Feb 09, 2023
vanguard group inc
11.99%
6,824,344
SC 13G/A
Jan 26, 2023
blackrock inc.
17.0%
9,670,688
SC 13G/A
Jan 20, 2023
blackrock inc.
17.0%
9,670,688
SC 13G/A
Feb 14, 2022
arrowmark colorado holdings llc
5.51%
3,111,000
SC 13G/A
Feb 10, 2022
william blair investment management, llc
5.9%
3,357,638
SC 13G/A

Recent SEC filings of Merit Medical Systems Inc

View All Filings
Date Filed Form Type Document
Apr 30, 2024
10-Q
Quarterly Report
Apr 30, 2024
8-K
Current Report
Apr 02, 2024
ARS
ARS
Apr 02, 2024
ARS/A
ARS/A
Apr 02, 2024
DEF 14A
DEF 14A
Apr 02, 2024
DEFA14A
DEFA14A
Mar 15, 2024
4
Insider Trading
Mar 13, 2024
4
Insider Trading
Mar 12, 2024
144
Notice of Insider Sale Intent
Mar 08, 2024
4
Insider Trading

Peers (Alternatives to Merit Medical Systems Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
183.8B
40.3B
-5.00% -5.05%
32.67
4.56
-2.84% -3.08%
68.4B
19.7B
-3.90% -6.73%
51.29
3.47
4.82% -17.56%
21.6B
3.9B
-9.51% -8.38%
46.8
5.52
5.72% 46.72%
18.6B
14.9B
-14.34% -20.72%
7.02
1.25
2.98% 207.68%
MID-CAP
9.9B
3.5B
5.17% 22.48%
31.57
2.79
6.16% 35.06%
8.8B
12.3B
-5.50% -14.07%
21.17
0.71
-2.44% -22.68%
8.2B
2.7B
-13.13% -26.81%
-12.92
3.08
-4.68% 82.43%
5.9B
3.9B
-12.57% -31.60%
-62.73
1.49
0.23% 91.03%
3.4B
387.1M
-0.38% 28.89%
-216.43
8.91
30.82% 65.57%
2.3B
6.6B
-1.94% -3.23%
11.93
0.35
2.78% -0.87%
SMALL-CAP
1.4B
3.2B
1.24% -9.09%
-2.08
0.44
7.73% -1066.14%
413.1M
166.7M
8.74% 7.69%
-5
2.48
6.67% -456.34%
248.3M
324.0M
-11.81% -28.90%
-1.29
0.77
-3.19% -337.41%
48.5M
52.3M
-5.33% -58.72%
-2.59
0.93
17.61% 19.28%
3.4M
3.7M
-24.57% 300.00%
-0.28
0.92
5.77% 8.23%

Merit Medical Systems Inc News

Latest updates
Yahoo Lifestyle UK • 10 hours ago
Markets Insider • 01 May 2024 • 06:38 pm
Zacks Investment Research • 01 May 2024 • 03:53 pm

Merit Medical Systems 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-0.3%324325315320298293287295275278267280249258244218244258243256238
Gross Profit0.8%15215114215313813512913512112912012411211110284.00104112104112105
Operating Expenses-1.0%11611710712411210411011210610710511598.0095.0010210310211510710095.00
  S&GA Expenses-1.4%94.0096.0087.0010190.0083.0090.0085.0084.0077.0086.0092.0081.0080.0072.0067.0079.0082.0087.0080.0078.00
  R&D Expenses--------------------16.0016.00
EBITDA Margin6.1%0.18*0.17*0.17*0.16*0.16*0.15*0.14*0.14*0.13*0.13*0.13*0.12*---------
Interest Expenses61.7%8.005.005.004.002.002.002.001.001.001.001.001.002.002.002.003.003.003.003.003.003.00
Income Taxes59.1%6.004.004.005.005.00-3.252.005.004.00-0.432.002.002.00-2.131.00-3.241.00-3.76-2.292.001.00
Earnings Before Taxes9.2%34.0031.0030.0025.0026.0030.0018.0021.0014.0020.0014.007.0013.0013.00-2.18-22.30-1.99-7.96-5.699.007.00
EBT Margin5.7%0.09*0.09*0.09*0.08*0.08*0.07*0.06*0.06*0.05*0.05*0.04*0.03*---------
Net Income2.2%28.0028.0026.0020.0021.0033.0015.0015.0011.0021.0012.005.0011.0015.00-3.01-19.06-3.15-4.20-3.407.006.00
Net Income Margin5.8%0.08*0.08*0.08*0.07*0.07*0.06*0.05*0.05*0.04*0.05*0.04*0.03*---------
Free Cashflow-55.5%25.0055.0042.0012.002.0016.0020.0032.002.0037.0018.0035.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.0%2,3262,3251,8091,8381,6841,6641,6331,6321,6301,6481,6431,6421,6521,6641,6711,7161,7491,7571,7621,7361,690
  Current Assets-0.3%1,1051,108585595557529500493478482463450438430435446463455441427422
    Cash Equivalents-0.9%58258759.0072.0058.0061.0051.0063.0054.0068.0069.0070.0059.0057.0045.0050.0050.0044.0037.0035.0050.00
  Inventory-0.4%303304304306290266247233231222208195200198209221228226217203199
  Net PPE0.0%384384383384387383376371372372373374378383384384385379367351341
  Goodwill-0.2%382382381382360360358360361362362363363364354353352353352352-
Liabilities-3.3%1,0861,123579634512520544558573608630650675706737787809807812786750
  Current Liabilities-9.9%183204187190216221213196204236213211208185186174165182153177178
  Long Term Debt-2.8%800823282335186187205236243234271285313344350403438432432385362
    LT Debt, Current---4.004.0011.0011.0011.0010.009.008.008.008.008.008.008.008.008.008.008.0015.0022.00
    LT Debt, Non Current-2.8%800823282335186187205236243234271285313344350403438432432385362
Shareholder's Equity3.2%1,2401,2021,2301,2041,1721,1441,0891,0731,0571,0401,013992977959934929940950949951940
  Retained Earnings4.9%603575548522501481447432417406386374369358342345364368373377370
Accumulated Depreciation2.4%337329327320311303300294288281277273266261255248239232230222215
Shares Outstanding0.4%58.0058.0058.0058.0057.0057.0057.0057.0057.0056.0056.0056.00---------
Float----4,700---3,000---3,600---2,500---3,200-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-41.8%36.0062.0051.0017.0015.0028.0035.0039.0012.0046.0025.0041.0035.0037.0055.0044.0029.0027.0015.0022.0014.00
  Share Based Compensation-12.6%5.006.006.006.004.004.005.004.005.005.005.003.004.004.004.003.003.002.003.003.002.00
Cashflow From Investing-164.3%-22.05-8.34-9.25-142-14.86-17.33-16.77-13.43-9.87-14.61-7.29-8.91-6.35-21.87-9.36-12.65-14.76-20.57-39.11-53.75-21.05
Cashflow From Financing-103.8%-18.00473-54.55142-0.50-5.75-27.07-13.20-14.24-32.47-17.89-21.83-26.25-4.55-51.98-32.95-6.23-0.1726.0018.00-9.82
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MMSI Income Statement

2024-03-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CONSOLIDATED STATEMENTS OF INCOME  
Net sales$ 323,508$ 297,565
Cost of sales171,793159,203
Gross profit151,715138,362
Operating expenses:  
Selling, general and administrative94,42890,144
Research and development21,48221,314
Contingent consideration (benefit) expense(117)521
Total operating expenses115,793111,979
Income from operations35,92226,383
Other income (expense):  
Interest income7,276131
Interest expense(8,046)(2,011)
Other income (expense) - net(804)997
Total other expense - net(1,574)(883)
Income before income taxes34,34825,500
Income tax expense6,1084,797
Net income$ 28,240$ 20,703
Earnings per common share  
Basic (in dollars per share)$ 0.49$ 0.36
Diluted (in dollars per share)$ 0.48$ 0.36
Weighted average shares outstanding  
Basic (in shares)57,95857,352
Diluted (in shares)58,56758,183

MMSI Balance Sheet

2024-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash and cash equivalents$ 581,921$ 587,036
Trade receivables - net of allowance for credit losses - 2024 - $9,327 and 2023 - $9,023180,663177,885
Other receivables10,98010,517
Inventories302,733303,871
Prepaid expenses and other current assets24,43724,286
Prepaid income taxes4,0884,016
Income tax refund receivables453859
Total current assets1,105,2751,108,470
Property and equipment:  
Land and land improvements25,98226,017
Buildings191,218191,491
Manufacturing equipment327,628316,930
Furniture and fixtures63,79063,044
Leasehold improvements53,77253,638
Construction-in-progress58,29661,439
Total property and equipment720,686712,559
Less accumulated depreciation(337,025)(329,036)
Property and equipment - net383,661383,523
Other assets:  
Goodwill381,539382,240
Deferred income tax assets7,0727,288
Right-of-use operating lease assets72,63963,047
Other assets58,68254,793
Total other assets837,416833,251
Total assets2,326,3522,325,244
Current liabilities:  
Trade payables48,37765,944
Accrued expenses113,220120,447
Short-term operating lease liabilities12,47212,087
Income taxes payable9,2755,086
Total current liabilities183,344203,564
Long-term debt800,136823,013
Deferred income tax liabilities5,5195,547
Long-term income taxes payable347347
Liabilities related to unrecognized tax benefits1,9121,912
Deferred compensation payable18,22817,167
Deferred credits1,5791,605
Long-term operating lease liabilities60,14156,259
Other long-term obligations14,95613,830
Total liabilities1,086,1621,123,244
Commitments and contingencies
Stockholders' equity:  
Preferred stock - 5,000 shares authorized; no shares issued as of March 31, 2024 and December 31, 2023
Common stock, no par value; 100,000 shares authorized; issued and outstanding as of March 31, 2024 - 58,102 and December 31, 2023 - 57,858649,222638,150
Retained earnings603,424575,184
Accumulated other comprehensive loss(12,456)(11,334)
Total stockholders' equity1,240,1901,202,000
Total liabilities and stockholders' equity2,326,3522,325,244
Developed technology  
Other assets:  
Intangible assets:277,085283,999
Other  
Other assets:  
Intangible assets:$ 40,399$ 41,884
MMSI
Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. It operates in two segments, Cardiovascular and Endoscopy. The company provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions. It also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, the company provides pulmonary products that consist of laser-cut tracheobronchial stents, over-the-wire and direct visualization delivery systems, and dilation balloons to endoscopically dilate strictures; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures. It sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. The company was incorporated in 1987 and is headquartered in South Jordan, Utah.
 CEO
 WEBSITEmerit.com
 INDUSTRYMedical Instruments & Supplies
 EMPLOYEES6846

Merit Medical Systems Inc Frequently Asked Questions


What is the ticker symbol for Merit Medical Systems Inc? What does MMSI stand for in stocks?

MMSI is the stock ticker symbol of Merit Medical Systems Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Merit Medical Systems Inc (MMSI)?

As of Mon May 06 2024, market cap of Merit Medical Systems Inc is 4.62 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MMSI stock?

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

What is the fair value of MMSI stock?

You can check MMSI's fair value in chart for subscribers. The fair value of Merit Medical Systems 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 Merit Medical Systems 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 MMSI 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 Merit Medical Systems Inc a good stock to buy?

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

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

As of Mon May 06 2024, MMSI's PE ratio (Price to Earnings) is 45.32 and Price to Sales (PS) ratio is 3.6. 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. MMSI PE ratio will change depending on the future growth rate expectations of investors.

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

In the past 10 years, Merit Medical Systems Inc has provided 0.198 (multiply by 100 for percentage) rate of return.