Merit Medical Systems, Inc.

Merit Medical Systems, Inc.

MMSIยทNASDAQ

$60.65

+0.76%
HealthcareMedical - Instruments & Supplies

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.

At a Glance

Live Snapshot
Market Cap$3.62B
EPS2.1700
P/E Ratio27.95
Earnings Date07/29/2026
Merit Medical Systems, Inc.

Merit Medical Systems, Inc. Fair Value Envelope

MMSI ยท NASDAQ

Our analysis suggests that MMSI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $60.65, this represents a potential HIDDEN relative to our calculated worth for Merit Medical Systems, Inc..

Intrinsic Value
Current Price: $60.65

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$16.3B
+ Cash & Equivalents$448.5M
Firm Value$16.8B
- Debt$898.2M
Equity Value$15.9B
/ Shares Outstanding59,290,248B
DCF Value$267
UNDERVALUED BY 341%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$350.9M
$414.1M
$488.6M
$576.6M
$680.4M
$802.8M
$947.4M
$1.1B
$1.3B
$1.6B
Maintenance CapEx
-$19.3M
-$22.8M
-$26.9M
-$31.7M
-$37.4M
-$44.1M
-$52.1M
-$61.4M
-$72.5M
-$85.5M
Owner Earnings
$331.6M
$391.3M
$461.8M
$544.9M
$643.0M
$758.7M
$895.3M
$1.1B
$1.2B
$1.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$307.1M
$335.5M
$366.6M
$400.5M
$437.6M
$478.1M
$522.4M
$570.8M
$623.6M
$681.4M
Terminal Value represents 71.0% of Enterprise Value