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MMSI

70.67USD-0.44(-0.62%)Market Closed

Merit Medical Systems Inc

Market Summary

USD70.67-0.44Market Closed
-0.62%

MMSI Alerts

MMSI Stock Price

RSI Chart

Valuation

Market Cap

3.8B

Price/Earnings

62.34

Price/Sales

3.39

Price/Cashflow

29.13

MarketCap/EBT

52.97

Price/Sales

Profitability

EBT Margin

6.40%

Return on Equity

5.67%

Return on Assets

3.78%

Fundamentals

Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

7.55%

Revenue Q/Q

-2.64%

Earnings

Earnings (TTM)

61.7M

Earnings Y/Y

27.62%

Earnings Q/Q

-0.17%

Price Action

52 Week Range

50.4673.69
(Low)(High)

Last 7 days

0.8%

Last 30 days

3.1%

Last 90 days

18.2%

Trailing 12 Months

7.8%

Financial Health

Current Ratio

2.35

Debt/Equity

0.2

Debt/Cashflow

0.61

Investor Care

Shares Dilution (1Y)

0.82%

Diluted EPS (TTM)

1.07

Peers (Alternatives to Merit Medical Systems)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
10.2T
429.9M
-15.19% 31.17%
185.5K
28.0K
144.70% 331.94%
86.7B
17.9B
11.64% -6.61%
41.71
4.92
7.67% 29.32%
86.3B
6.1B
11.18% -17.75%
62.6
14.1
11.47% -18.42%
67.1B
18.9B
10.66% 2.81%
38.21
3.25
-6.81% -14.96%
61.8B
12.3B
8.58% 10.96%
69.9
5.01
10.11% 51.89%
43.9B
5.4B
5.44% -35.45%
30.09
8.18
5.29% -1.25%
MID-CAP
6.7B
998.4M
9.55% 2.62%
44.21
6.87
6.04% -19.01%
6.4B
806.4M
33.31% -13.25%
-331.15
7.96
20.10% -221.96%
3.9B
380.1M
-6.98% -2.00%
-29.57
10.69
18.85% -63.58%
3.6B
790.7M
14.84% -68.69%
-273.58
4.7
19.65% -412.22%
SMALL-CAP
1.6B
126.8M
23.76% 23.16%
-26.38
14.01
34.44% -10.05%
1.1B
291.9M
2.27% -17.18%
-6.57
3.67
52.45% -57.74%
1.0B
795.9M
15.03% -14.89%
-131.34
1.33
8.11% 182.50%
606.7M
236.2M
-5.60% -30.91%
-16.43
2.57
-8.79% -175.19%

Financials for Merit Medical Systems

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue1.8%1,1361,1161,1011,0751,054
Gross Profit1.6%513505494485468
Operating Expenses1.2%434429432424413
  S&GA Expenses1.0%336333339336339
Earnings Before Taxes4.9%7369555447
Net Income5.7%6258484843
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.1%1,6331,6321,6301,6481,643
  Current Assets1.5%500493478482463
    Cash Equivalents-18.3%5163546869
  Inventory5.8%247233231222208
  Net PPE1.3%376371372372373
  Goodwill-0.5%358360361362362
Liabilities-2.6%544558573608630
  Current Liabilities8.9%213196204236213
  Long Term Debt-11.9%217246252243279
    LT Debt, Current9.1%1110988
    LT Debt, Non Current-12.9%205236243234271
Shareholder's Equity1.4%1,0891,0731,0571,0401,013
  Retained Earnings3.5%447432417406386
Accumulated Depreciation1.9%300294288281277
Shares Outstanding0.3%5757575756
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations8.6%132122124147138
  Share Based Compensation-1.4%1818171616
Cashflow From Investing-21.0%-54.67-45.20-40.68-37.16-44.42
Cashflow From Financing-11.8%-86.98-77.80-86.43-98.43-70.51

Risks

What is the probability of a big loss on MMSI?

63.5%


Probability that Merit Medical Systems stock will be more than 20% underwater in next one year

21.9%


Probability that Merit Medical Systems stock will be more than 30% underwater in next one year.

19.6%


Probability that Merit Medical Systems 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 MMSI drawdown profile look like?

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

Returns

Cumulative Returns on MMSI

18.1%


10-Year Cumulative Returns

20.7%


7-Year Cumulative Returns

10.0%


5-Year Cumulative Returns

34.4%


3-Year Cumulative Returns

What are the long-term rolling returns for MMSI?

FIve years rolling returns for Merit Medical Systems.

Which funds bought or sold MMSI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
ADDED
27.27
33,515
135,000
0.08%
2022-11-22
Capital Impact Advisors, LLC
ADDED
9.03
301,000
1,046,000
1.04%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
838,000
838,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.59
97,000
4,004,000
0.01%
2022-11-17
CENTRAL TRUST Co
SOLD OFF
-100
-
-
-%
2022-11-17
M&T Bank Corp
ADDED
15.81
293,000
1,715,000
0.01%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
REDUCED
-7.9
-9,000
204,000
-%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-10.59
-1,018,000
13,714,000
0.09%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
UNCHANGED
-
18,000
465,000
-%
2022-11-15
JACOBS LEVY EQUITY MANAGEMENT, INC
SOLD OFF
-100
-5,249,000
-
-%

1–10 of 48

Latest Funds Activity

Are funds buying MMSI calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own MMSI

Merit Medical Systems News

Nasdaq

Quest Diagnostics (DGX) Volume Growth Aids, Margin Woes Stay.8 hours ago

MMSI Fair Value

Recent SEC filings of Merit Medical Systems

View All Filings
Date Filed Form Type Document
Nov 09, 2022
4
Insider Trading
Nov 02, 2022
8-K
Current Report
Oct 28, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Sep 01, 2022
8-K/A
Current Report

Latest Insider Trading transactions for MMSI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-07
Wright Joseph
ACQUIRED
240,750
16.05
15,000
CHIEF COMMERCIAL OFFICER
2022-11-07
Wright Joseph
SOLD FOR TAXES
-590,614
68.7
-8,597
CHIEF COMMERCIAL OFFICER
2022-08-15
Wright Joseph
SOLD
-316,250
63.25
-5,000
PRESIDENT, INTERNATIONAL
2022-08-15
Wright Joseph
ACQUIRED
80,250
16.05
5,000
PRESIDENT, INTERNATIONAL
2022-08-12
Lloyd Brian G.
ACQUIRED
2,904.6
28.2
103
CHIEF LEGAL OFFICER, SECRETARY
2022-08-12
Parra Raul Jr.
SOLD
-146,986
62.7341
-2,343
CFO AND TREASURER
2022-08-12
Lloyd Brian G.
SOLD
-5,766
62
-93
CHIEF LEGAL OFFICER, SECRETARY
2022-08-12
Parra Raul Jr.
ACQUIRED
56,400
28.2
2,000
CFO AND TREASURER
2022-08-11
Lloyd Brian G.
ACQUIRED
843,095
28.2
29,897
CHIEF LEGAL OFFICER, SECRETARY
2022-08-11
Lloyd Brian G.
SOLD
-1,662,840
62.03
-26,807
CHIEF LEGAL OFFICER, SECRETARY

1–10 of 50

Fred P. Lampropoulos
6450
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. The company operates in two segments, Cardiovascular and Endoscopy. It 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. The company 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, it 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. The company 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. Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah.

MMSI Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net sales$ 287,175$ 267,021$ 857,566$ 796,259
Cost of sales158,602146,527473,019439,732
Gross profit128,573120,494384,547356,527
Operating expenses:    
Selling, general and administrative89,78086,474259,282259,061
Research and development19,22116,97455,07450,841
Impairment charges001,6724,283
Contingent consideration expense9151,1154,7023,322
Acquired in-process research and development  6,671 
Total operating expenses109,916104,563327,401317,507
Income from operations18,65715,93157,14639,020
Other income (expense):    
Interest income116104316668
Interest expense(1,831)(1,233)(4,180)(4,156)
Other income (expense) - net660(625)(808)(1,796)
Total other expense - net(1,055)(1,754)(4,672)(5,284)
Income before income taxes17,60214,17752,47433,736
Income tax expense2,3302,21011,3595,895
Net income$ 15,272$ 11,967$ 41,115$ 27,841
Earnings per common share    
Basic (in dollars per share)$ 0.27$ 0.21$ 0.73$ 0.50
Diluted (in dollars per share)$ 0.27$ 0.21$ 0.71$ 0.49
Weighted average shares outstanding    
Basic (in shares)56,83556,30256,70756,033
Diluted (in shares)57,58657,54957,57357,274

MMSI Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 51,481$ 67,750
Trade receivables - net of allowance for credit losses - 2022 - $8,018 and 2021 - $6,767155,828152,301
Other receivables10,82717,763
Inventories246,660221,922
Prepaid expenses and other current assets27,38816,149
Prepaid income taxes3,5153,550
Income tax refund receivables4,1642,777
Total current assets499,863482,212
Property and equipment:  
Land and land improvements25,69925,287
Buildings186,976190,044
Manufacturing equipment290,306277,976
Furniture and fixtures63,38061,446
Leasehold improvements49,96246,341
Construction-in-progress59,78351,182
Total property and equipment676,106652,276
Less accumulated depreciation(299,950)(280,618)
Property and equipment - net376,156371,658
Other assets:  
Goodwill358,056361,741
Deferred income tax assets5,4676,080
Right-of-use operating lease assets64,70065,913
Other assets44,38841,421
Total other assets756,718794,424
Total assets1,632,7371,648,294
Current liabilities:  
Trade payables63,20655,624
Accrued expenses124,504159,014
Current portion of long-term debt11,2508,438
Short-term operating lease liabilities10,31010,668
Income taxes payable3,7652,536
Total current liabilities213,035236,280
Long-term debt205,412234,397
Deferred income tax liabilities31,16831,503
Long-term income taxes payable347347
Liabilities related to unrecognized tax benefits932932
Deferred compensation payable14,78618,111
Deferred credits1,7351,815
Long-term operating lease liabilities59,98961,526
Other long-term obligations16,49223,584
Total liabilities543,896608,495
Commitments and contingencies
Stockholders' equity:  
Preferred stock - 5,000 shares authorized as of September 30, 2022 and December 31, 2021; no shares issued
Common stock, no par value; 100,000 shares authorized; issued and outstanding as of September 30, 2022 - 56,918 and December 31, 2021 - 56,570658,198641,533
Retained earnings447,372406,257
Accumulated other comprehensive loss(16,729)(7,991)
Total stockholders' equity1,088,8411,039,799
Total liabilities and stockholders' equity1,632,7371,648,294
Developed technology  
Other assets:  
Intangible assets245,282276,833
Other  
Other assets:  
Intangible assets$ 38,825$ 42,436