Artivion, Inc.

Artivion, Inc.

AORTยทNYSE

$20.58

+0.78%
HealthcareMedical - Devices

Artivion Inc. manufactures, processes, and distributes medical devices and implantable human tissues worldwide. The company offers BioGlue, a polymer consisting of bovine blood protein and an agent for cross-linking proteins for cardiac, vascular, neurologic, and pulmonary procedures; cardiac preservation services; PhotoFix, a bovine pericardial patch; and E-vita Open Plus and E-vita Open Neo. It also provides E-xtra design engineering systems for the treatment of aortic vascular diseases; E-nside, an off-the-shelf stent graft for the treatment of thoraco-abdominal disease; E-vita THORACIC 3G for the endovascular treatment of thoracic aortic aneurysms; E-nya, a thoracic stent graft system for the minimally invasive repair of lesions of the descending aorta; E-ventus BX, a balloon-expandable peripheral stent graft for the endovascular treatment of renal and pelvic arteries; E-liac to treat aneurysmal iliac arteries, and aneurysmal iliac side branches; and E-tegra, an abdominal aortic aneurysms stent graft system. In addition, the company offers synthetic vascular grafts for use in open aortic and peripheral vascular surgical procedures; PerClot, an absorbable powdered hemostat for use in surgical procedures; cardiac laser therapy products for angina treatment; CryoVein femoral vein and CryoArtery femoral artery vascular preservation services; On-X prosthetic aortic and mitral heart valves and the On-X ascending aortic prosthesis; CarbonAid CO2 diffusion catheters and Chord-X ePTFE sutures for mitral chordal replacement; and ascyrus medical dissection stents, as well as pyrolytic carbon coating services to medical device manufacturers. It serves physicians, hospitals, and other healthcare facilities, as well as cardiac, vascular, thoracic, and general surgeons. The company was formerly known as CryoLife, Inc. and changed its name to Artivion Inc. in January 2022. The company was founded in 1984 and is headquartered in Kennesaw, Georgia.

At a Glance

Live Snapshot
Market Cap$999.02M
EPS0.2200
P/E Ratio93.55
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 93.5).

Valuation inputs: P/E 93.5, earnings yield +1.1%, momentum +0.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +2.2%, ROIC +2.2%).

Profitability stack: net margin +2.2%, ROE +2.2%, ROIC +2.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +49.3%, momentum +0.8%, net margin +2.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Artivion, Inc. Market vs Earnings Trajectory

AORT ยท NYSE

Loading price and EPS data...

Artivion, Inc.

Artivion, Inc. Fair Value Envelope

AORT ยท NYSE

Our analysis suggests that AORT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $20.58, this represents a potential HIDDEN relative to our calculated worth for Artivion, Inc..

Intrinsic Value
Current Price: $20.58
3Y-146.0%
5Y-150.0%
10Y-33.0%
3Y+41.0%
5Y+74.0%
10Y+145.0%
3Y-151.0%
5Y-159.0%
10Y-9.0%
3Y-840.0%
5Y+208.0%
10Y+93.0%
3Y-94.0%
5Y-118.0%
10Y-107.0%
3Y+16.0%
5Y+12.0%
10Y+180.0%
Artivion, Inc.

Artivion, Inc. Profit Bridge

AORT ยท NYSE
Revenue441.33M
Cost of Goods Sold (170.88M)
Gross Profit270.45M
Operating Expenses (243.71M)
Operating Income26.75M
Interest Expense (26.58M)
Other Income/Expense-11.96M
Pretax Income14.78M
Income Tax (5.01M)
Net Income9.77M
Net Income
9.77M

Profitability Analysis

Gross Margin

61.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

6.1%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

2.2%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

33.9%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

61.28%
Gross Profit Margin
-4%
3Y-5.0%
5Y-8.0%
10Y-7.0%
6.06%
Operating Profit Margin
-39%
3Y+207.0%
5Y+529.0%
10Y-50.0%
2.21%
Net Profit Margin
-164%
3Y-136.0%
5Y-134.0%
10Y-63.0%
2.18%
Return on Equity
-145%
3Y-132.0%
5Y-143.0%
10Y-58.0%
1.10%
Return on Assets
-165%
3Y-144.0%
5Y-152.0%
10Y-68.0%
2.24%
Return on Invested Capital
-58%
3Y+160.0%
5Y+596.0%
10Y-49.0%
AORT

Artivion, Inc. Cash Conversion Engine

AORT ยท NYSE
Net Income9.77M
Depreciation & Amortization22.46M
Stock-Based Compensation24.39M
Change in Working Capital-22.16M
Others3.64M
Capital Expenditures-39.04M
Free Cash Flow-911.00K

Cash Flow Quality Analysis

FCF Conversion Rate

-9.3%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

102.4%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-108.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$22.16M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

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Artivion, Inc. Funding & Solvency Profile

AORT ยท NYSE
Cash & Cash Equivalents55.76M
Net Receivables105.62M
Inventory98.00M
Other Current Assets98.14M
Total Current Assets358 M
Property, Plant & Equipment102.30M
Goodwill & Intangible Assets286.55M
Long-Term Investments0.00
Other Non-Current Assets135.66M
Total Non-Current Assets238 M
Total Assets
883.16M

Financial Health Analysis

Current Ratio

3.86x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.96x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

265 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

40% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Artivion, Inc. Street Expectations Map

AORT ยท NYSE

Wall Street analysts project that AORT stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 48.00, with estimates ranging from a low of 45.00 to a high of 51.00.

Lowest Target
45.00
118.66%
Consensus Target
48.00
133.24%
Highest Target
51.00
147.81%

The consensus 1-year price target stands at 48.00, with estimates ranging from a low of 45.00 to a high of 51.00.

Analyst Consensus Analysis

Upside Potential

+133.2%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

12.5% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Artivion, Inc. Insider Positioning

AORT ยท NYSE

During the last 12 months, insiders have purchased $201K and sold $15.01M worth of AORT shares, resulting in $14.81M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

142.6K

5.41M

Net Activity

-5.4M

-$5.41M

6-9 Months

Bought

0

0.00

Sold

211.6K

9.61M

Net Activity

-9.6M

-$9.61M

9-12 Months

Bought

18.2K

200.75K

Sold

0

0.00

Net Activity

+201K

+$201K

Top Buyers

1
SMS

Stanton Marshall S.

Officer: Svp, Clinical & Md Affair

18.2K sharesโ€ข1 transactions

$201K

Top Sellers

1
MJP

Mackin James P

Officer: President & Ceo

181.3K sharesโ€ข8 transactions

$7.70M

2
HJF

Holloway Jean F

Officer: Svp, General Counsel

53.3K sharesโ€ข11 transactions

$2.27M

3
DJE

Davis John E

Officer: Chief Commercial Officer

40.9K sharesโ€ข9 transactions

$1.75M

4
SMS

Stanton Marshall S.

Officer: Svp, Clinical & Md Affair

33.6K sharesโ€ข7 transactions

$1.46M

5
HA

Horton Amy

Officer: Vp, Chief Accounting Officer

19.9K sharesโ€ข8 transactions

$870K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $14.81M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.01:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

AORT has not reported any dividend yield values in the available annual periods.

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aort Dividend History

AORT
10Y CAGR +2%
Latest $0.03
Annual $0.15
5 year growth trend
Last Period: +0%