Integer Holdings Corp Stock Research

Market Summary

USD84.31+1.68

Market Closed

2.03%

ITGR Stock Price

ITGR RSI Chart

ITGR Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

41.2

Price/Sales (Trailing)

1.94

EV/EBITDA

12.48

Price/Free Cashflow

176.96

ITGR Price/Sales (Trailing)

ITGR Profitability

EBT Margin

5.52%

Return on Equity

4.68%

Return on Assets

2.38%

Free Cashflow Yield

0.57%

ITGR Fundamentals

ITGR Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

14.25%

Revenue Q/Q

1.71%

ITGR Earnings

Earnings (TTM)

68.1M

Earnings Y/Y

14.94%

Earnings Q/Q

-27.89%

Price Action

52 Week Range

50.0586.18

(Low)(High)

Last 7 days

3.1%

Last 30 days

1.3%

Last 90 days

7.3%

Trailing 12 Months

5.9%

ITGR Financial Health

Current Ratio

2.5

ITGR Investor Care

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

2.03

Peers (Alternatives to Integer Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DHR	171.1B	30.9B	-4.16%	-10.76%	24.67	5.53	2.20%	7.40%
MDT	111.4B	30.8B	-8.29%	-14.72%	27.36	3.62	-3.19%	-17.32%
SYK	110.8B	19.0B	-5.21%	22.61%	46.98	6.01	8.73%	30.37%
ISRG	109.4B	6.4B	3.09%	43.51%	83.37	17.01	8.89%	-20.19%
EW	51.7B	5.5B	-2.94%	-12.44%	34.74	9.4	2.68%	-3.23%
MID-CAP
PEN	12.2B	884.6M	11.70%	122.44%	1.9K	13.82	13.08%	200.12%
GMED	5.9B	1.1B	-2.60%	-14.42%	34.14	5.75	11.20%	53.04%
IRTC	3.2B	430.0M	-15.34%	-20.02%	-30.76	7.49	26.13%	15.73%
ITGR	2.8B	1.4B	1.29%	5.92%	41.2	1.94	12.70%	-21.44%
STAA	2.8B	294.7M	-15.81%	-11.38%	87.52	9.46	21.32%	9.45%
SMALL-CAP
AVNS	1.2B	814.3M	-15.33%	-12.83%	25.98	1.42	6.96%	121.89%
BLFS	1.0B	163.2M	34.38%	72.90%	-6.86	6.15	17.84%	-885.82%
VREX	891.7M	879.7M	27.85%	-0.94%	31.29	1.01	3.37%	-4.04%

Financials for Integer Holdings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2021Q4
Revenue	4.9%	1,444	1,376	1,341	1,292	1,221
Gross Profit	4.2%	374	359	343	338	-
Operating Expenses	1.5%	241	238	230	221	-
S&GA Expenses	1.4%	163	161	156	152	-
EBITDA	4.9%	207	197	151	-	-
EBITDA Margin	2.2%	0.15*	0.15*	0.16*	-	-
Earnings Before Taxes	2.7%	78.00	76.00	77.00	84.00	-
EBT Margin	-4.5%	0.06*	0.06*	0.07*	-	-
Interest Expenses	29.2%	50.00	39.00	30.00	29.00	-
Net Income	2.6%	68.00	66.00	72.00	78.00	-
Net Income Margin	-10.2%	0.05*	0.05*	0.06*	-	-
Free Cahsflow	12.0%	42.00	37.00	67.00	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	2.8%	2,874	2,794	2,738	2,758	2,608
Current Assets	12.7%	629	558	557	533	495
Cash Equivalents	67.3%	41.00	24.00	20.00	16.00	26.00
Inventory	7.9%	225	209	210	194	173
Net PPE	4.3%	331	317	282	280	274
Goodwill	0.5%	987	982	965	979	68.00
Liabilities	5.7%	1,456	1,377	1,383	1,395	1,244
Current Liabilities	0.8%	225	224	199	198	173
LT Debt, Current	-45.0%	10.00	18.00	15.00	15.00	15.00
LT Debt, Non Current	9.4%	992	907	923	932	814
Shareholder's Equity	0.0%	1,418	1,417	1,355	1,363	1,364
Retained Earnings	1.9%	694	681	663	647	626
Additional Paid-In Capital	-3.0%	709	731	727	722	717
Shares Outstanding	0.3%	33.00	33.00	33.00	33.00	33.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-10.3%	104	116	104	125	138
Share Based Compensation	5.3%	22.00	21.00	20.00	18.00	16.00
Cashflow From Investing	-7.1%	-214	-200	-410	-401	-273
Cashflow From Financing	36.9%	127	92.00	300	267	131

Risks for ITGR

What is the probability of a big loss on ITGR?

71.5%

Probability that Integer Holdings stock will be more than 20% underwater in next one year

43.9%

Probability that Integer Holdings stock will be more than 30% underwater in next one year.

26.5%

Probability that Integer Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ITGR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Integer Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for ITGR

Cumulative Returns on ITGR

10.9%

10-Year Cumulative Returns

14.0%

7-Year Cumulative Returns

4.6%

5-Year Cumulative Returns

1.6%

3-Year Cumulative Returns

What are the long-term rolling returns for ITGR?

FIve years rolling returns for Integer Holdings.

Annualized Returns

Which funds bought or sold ITGR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-06-01	PRELUDE CAPITAL MANAGEMENT, LLC	new	-	1,009,520	1,009,520	0.06%
2023-06-01	MACQUARIE GROUP LTD	added	0.35	9,023,000	75,386,000	0.09%
2023-05-26	ProShare Advisors LLC	reduced	-8.14	14,202	370,605	-%
2023-05-23	ROYCE & ASSOCIATES LP	unchanged	-	684,328	5,866,750	0.06%
2023-05-23	Front Row Advisors LLC	added	22.58	2,000	6,000	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-8.88	638,683	20,954,700	0.01%
2023-05-22	PUTNAM INVESTMENTS LLC	sold off	-100	-344,217	-	-%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-548	-	-%
2023-05-18	JPMORGAN CHASE & CO	added	16.33	1,525,780	6,343,780	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	added	17.35	10,238,000	41,410,000	0.06%

Latest Funds Activity

Are funds buying ITGR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ITGR

No. of Funds

Integer Holdings News

Schedule 13G FIlings of Integer Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	dimensional fund advisors lp	6.4%	2,116,333	SC 13G/A
Feb 09, 2023	vanguard group inc	11.57%	3,834,235	SC 13G/A
Jan 31, 2023	franklin mutual advisers llc	5.4%	1,781,999	SC 13G
Jan 26, 2023	blackrock inc.	16.9%	5,609,845	SC 13G/A
Jan 20, 2023	blackrock inc.	16.9%	5,609,845	SC 13G
Feb 08, 2022	dimensional fund advisors lp	5.8%	1,926,727	SC 13G/A
Jan 28, 2022	blackrock inc.	18.1%	5,980,109	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	5.8%	1,905,916	SC 13G/A
Feb 10, 2021	vanguard group inc	10.62%	3,491,429	SC 13G/A
Jan 25, 2021	blackrock inc.	16.1%	5,287,519	SC 13G

ITGR Fair Value

Show Fair-Value

Recent SEC filings of Integer Holdings

View All Filings

Date Filed	Form Type	Document
May 26, 2023	3	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading

Latest Insider Trading transactions for ITGR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-24	Antrum Sheila	acquired	-	-	2,246	-
2023-05-24	MAXWELL MARTIN C	acquired	-	-	2,246	-
2023-05-24	Capps Cheryl C	acquired	-	-	2,246	-
2023-05-24	Hobby Jean M.	acquired	-	-	2,246	-
2023-05-24	PASSERINI FILIPPO	acquired	-	-	2,246	-
2023-03-09	PASSERINI FILIPPO	sold (taxes)	-781,062	75.0444	-10,408	-
2023-03-09	PASSERINI FILIPPO	acquired	780,908	44.9185	17,385	-
2023-02-24	Dziedzic Joseph W	acquired	1,080,390	74.356	14,530	president & ceo
2023-01-22	Garland Jason K	acquired	-	-	1,530	evp, chief financial officer
2023-01-22	Dziedzic Joseph W	acquired	-	-	7,021	president & ceo

About Integer Holdings

Joseph W. Dziedzic

www.integer.net

9000

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through Medical and Non-Medical segments. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, urology, and gastroenterology procedures. It also provides cardiac rhythm management products, including implantable pacemakers, implantable cardioverter defibrillators, insertable cardiac monitors, implantable cardiac pacing and defibrillation leads, and heart failure therapies; neuromodulation products, such as implantable spinal cord stimulators; and non-rechargeable batteries, feedthroughs, device enclosures, machined components, and lead components and sub-assemblies. In addition, the company offers rechargeable batteries and chargers; and arthroscopic, laparoscopic, and general surgery devices and components, such as harmonic scalpels, shaver blades, burr shavers, radio frequency probes, biopsy probes, trocars, electrocautery components, wound dressings, GERD treatment components, and phacoemulsification needles. Further, it provides orthopedic products that include instruments used in hip, knee, and spine surgeries, as well as reamers and chisels. Additionally, the company offers customized battery power and power management systems, and battery solutions for the energy, military, and environmental markets. Furthermore, the company provides medical technologies. It serves multi-national original equipment manufacturers and their affiliated subsidiaries in the cardiac, neuromodulation, orthopedics, vascular, and advanced surgical and portable medical markets. Integer Holdings Corporation was founded in 1970 and is headquartered in Plano, Texas.

ITGR Income Statement

2023-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Income Statement [Abstract]
Sales	$ 378,785	$ 310,912
Cost of sales	282,112	229,437
Gross profit	96,673	81,475
Operating expenses:
Selling, general and administrative	41,886	39,560
Research, development and engineering	19,092	16,083
Restructuring and other charges	1,529	3,335
Total operating expenses	62,507	58,978
Operating income	34,166	22,497
Interest expense	17,254	5,968
Loss on equity investments	155	2,404
Other loss, net	760	177
Income before taxes	15,997	13,948
Provision for income taxes	2,932	2,581
Net income	$ 13,065	$ 11,367
Earnings per share:
Basic (in dollars per share)	$ 0.39	$ 0.34
Diluted (in dollars per share)	$ 0.39	$ 0.34
Weighted average shares outstanding:
Basic (in shares)	33,258	33,091
Diluted (in shares)	33,575	33,302
Comprehensive Income
Net income	$ 13,065	$ 11,367
Other comprehensive income (loss):
Foreign currency translation gain (loss)	7,925	(7,887)
Change in fair value of cash flow hedges, net of tax	1,712	2,734
Other comprehensive income (loss), net of tax	9,637	(5,153)
Comprehensive income, net of tax	$ 22,702	$ 6,214

ITGR Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 40,604	$ 24,272
Accounts receivable, net of provision for credit losses of $0.4 million and $0.3 million, respectively	250,513	224,325
Inventories	225,282	208,766
Refundable income taxes	2,056	2,003
Contract assets	80,929	71,927
Prepaid expenses and other current assets	29,605	27,005
Total current assets	628,989	558,298
Property, plant and equipment, net	330,995	317,243
Goodwill	986,906	982,192
Other intangible assets, net	811,460	819,889
Deferred income taxes	6,363	6,247
Operating lease assets	72,532	74,809
Financing lease assets	8,650	8,852
Other long-term assets	27,655	26,856
Total assets	2,873,550	2,794,386
Current liabilities:
Current portion of long-term debt	10,000	18,188
Accounts payable	124,280	110,780
Income taxes payable	11,053	10,923
Operating lease liabilities	10,222	10,362
Accrued expenses and other current liabilities	69,920	73,499
Total current liabilities	225,475	223,752
Long-term debt	992,469	907,073
Deferred income taxes	153,028	160,671
Operating lease liabilities	61,975	64,049
Financing lease liabilities	7,809	8,006
Other long-term liabilities	14,858	13,379
Total liabilities	1,455,614	1,376,930
Commitments and contingencies (Note 10)
Stockholders’ equity:
Common stock, $0.001 par value; 100,000,000 shares authorized; 33,265,390 and 33,169,778 shares issued and outstanding, respectively	33	33
Additional paid-in capital	709,171	731,393
Retained earnings	693,766	680,701
Accumulated other comprehensive income	14,966	5,329
Total stockholders’ equity	1,417,936	1,417,456
Total liabilities and stockholders’ equity	$ 2,873,550	$ 2,794,386