MMSI - Intrinsic Value and Financial Analysis - Merit Medical Systems, Inc.

Merit Medical Systems, Inc. MMSI

Healthcare - Medical - Instruments & Supplies - NASDAQ - US

Watchlist

$ 101.83

0.623 %

$ 5.93 B

Market Cap

49.67

P/E

BALANCE SHEET

2.33 B ASSETS

Growth Rates

1Year 39.74%

3Years 11.79%

5Years 7.50%

7Years 13.76%

10Years 12.31%

1.12 B LIABILITIES

Growth Rates

1Year 116.19%

3Years 16.75%

5Years 10.32%

7Years 14.16%

10Years 13.29%

1.2 B EQUITY

Growth Rates

1Year 5.03%

3Years 7.83%

5Years 5.20%

7Years 13.41%

10Years 11.47%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Merit Medical Systems, Inc.

2.33 B ASSETS
1.12 B LIABILITIES

Current Assets	1.11 B
Cash & Short-Term Investments	589 M
Receivables	189 M
Other Current Assets	330 M
Non-Current Assets	1.22 B
Long-Term Investments	22.5 M
PP&E	447 M
Other Non-Current Assets	748 M

Current Liabilities	204 M
Accounts Payable	65.9 M
Short-Term Debt	12.1 M
Other Current Liabilities	126 M
Non-Current Liabilities	920 M
Long-Term Debt	879 M
Other Non-Current Liabilities	40.4 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993	Dec-1992	Dec-1991	Dec-1990	Dec-1989
ASSETS
Cash & Cash Equivalents	589.1	58.4	67.8	56.9	44.3	67.4	32.3	19.2	4.2	7.4	7.5	9.7	10.1	3.7	6.1	34.0	17.6	9.8	4.6	33.0	30.2	9.7	0.3	0.4	0.7	0.9	1.0	1.3	0.3	0.2	0.9	1.6	0.5	0.6	0
Short Term Investments	1.5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.6	0.2	85.3 K	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	189.3	178.4	172.8	158.0	168.5	150.0	116.2	86.6	78.2	80.6	64.1	57.3	45.3	40.8	32.2	29.3	28.2	26.2	25.7	19.9	18.4	16.8	15.1	14.4	13.1	11.1	10.6	8.1	7.6	7.7	6.8	3.0	2.0	0.9	0.3
Inventory	303.9	266.0	221.9	198.0	225.7	197.5	155.3	120.7	106.0	91.8	82.4	84.6	69.9	60.6	47.2	38.4	34.1	38.6	32.1	23.1	21.3	18.7	20.8	25.3	27.6	17.8	14.5	13.9	12.2	8.4	5.9	4.9	2.4	0.8	0.3
Other Current Assets	26.2	26.2	19.7	16.8	16.0	15.0	12.3	17.0	15.6	12.7	12.0	10.4	8.4	7.2	5.1	3.8	2.1	1.0	2.0	0.9	1.0	0.8	1.2	1.8	1.8	1.3	1.4	1.2	1.0	0.4	0.2	100 K	100 K	100 K	0.2
Total Current Assets	1 108.5	529.1	482.2	429.7	454.5	429.8	316.1	243.4	204.0	192.3	165.9	162.0	133.7	112.3	91.2	105.5	82.0	75.6	64.4	76.9	71.5	46.2	37.6	42.0	43.2	31.1	27.5	24.5	21.1	16.7	13.8	9.6	5.0	2.4	0.8
PP&E	446.6	448.2	437.6	461.0	459.0	331.5	292.8	276.6	267.8	244.2	243.3	234.8	179.1	128.1	114.6	103.9	99.7	92.4	85.6	52.5	29.2	25.4	21.8	21.8	22.0	17.0	15.5	15.0	11.6	8.7	5.4	5.6	3.4	1.1	0.7
Intangible Assets	325.9	275.9	319.3	367.9	445.3	462.7	227.3	181.7	109.4	110.3	120.0	118.1	56.7	57.2	26.9	6.9	6.2	4.3	9.8	7.6	6.6	1.9	2.4	7.6	7.1	2.5	2.2	1.8	1.5	1.1	0.8	1.1	0.9	0.2	100 K
Goodwill	382.2	359.8	361.7	363.5	353.2	335.4	238.1	211.9	184.5	184.5	184.5	175.1	61.1	58.7	33.0	13.0	9.5	7.5	0	0	0	4.8	4.8	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	22.5	15.6	14.7	12.0	17.1	5.9	5.7	5.0	(11.0)	0.6	0	0	2.8	0	(11.3)	0	0	0	(1.1)	(0.2)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	32.3	28.8	26.7	25.6	24.3	51.7	29.3	24.0	13.1	15.3	13.8	11.0	8.2	9.1	5.8	2.4	3.0	2.7	2.5	3.0	32.2 K	33.2 K	34.8 K	41.3 K	100 K	100 K	100 K	0.4	0.3	0.5	0.5	100 K	100 K	0	0
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2 325.2	1 664.0	1 648.3	1 664.4	1 757.3	1 620.0	1 111.8	942.8	778.7	747.2	728.3	705.3	447.0	369.9	271.5	231.8	200.4	182.7	162.2	139.9	107.3	78.3	66.7	71.4	72.4	50.7	45.3	41.7	34.5	27.0	20.5	16.4	9.4	3.7	1.6
LIABILITIES
Accounts Payable	65.9	68.5	55.6	49.8	54.6	54.0	34.9	30.6	38.0	29.8	26.5	34.6	22.7	20.1	13.4	10.6	10.3	10.6	10.3	10.7	5.7	4.1	4.7	4.8	4.7	3.6	3.4	2.7	3.1	2.5	1.1	1.3	1.5	0	0
Short Term Debt	12.1	33.3	29.8	33.3	30.6	22.0	19.5	10.0	10.0	10.0	10.0	10.0	0	0	7.0	0	0	0	2 K	7 K	17 K	0.4	0.6	1.1	5.7	9.4	6.4	5.9	6.6	3.8	1.5	0.2	0	0	100 K
Other Current Liabilities	120.4	112.2	148.3	99.0	93.6	96.2	58.9	44.9	38.4	34.2	27.7	27.8	19.1	19.2	12.4	10.2	10.8	8.9	10.0	8.9	8.8	7.1	5.4	3.6	(1.2)	2.3	2.9	3.1	1.9	1.4	1.0	0.7	0.6	0.7	0.4
Total Current Liabilities	203.6	220.6	236.3	185.0	181.7	175.3	115.6	88.3	87.9	75.4	64.6	74.1	42.5	40.2	32.9	21.2	21.8	20.7	20.7	21.9	14.5	11.6	10.7	9.5	9.2	15.3	12.7	11.7	11.6	7.7	3.6	2.2	2.1	0.7	0.5
Long Term Debt	879.3	246.5	295.9	414.7	504.7	373.2	259.0	314.4	197.6	214.5	238.9	226.5	34.0	82.9	0.3	0.4	0.4	0.2	2 K	5 K	0	17 K	5.7	24.0	27.8	3.4	3.9	4.8	1.8	0.8	0.8	0.8	100 K	0	100 K
Deferred Tax Income	5.5	18.5	31.5	33.3	45.2	56.4	23.3	26.0	11.0	6.4	2.5	2.4	2.1	1.3	11.3	8.8	6.1	5.5	4.2	2.6	3.0	2.4	1.7	2.2	0	1.3	0.9	0.9	0.6	0.4	0.2	0	0	0	0
Other Liabilities	33.3	32.3	43.0	70.9	73.7	80.1	35.2	13.4	13.4	12.7	12.5	16.7	9.4	7.8	6.3	5.2	5.7	2.9	2.5	1.7	1.5	0.9	0.9	1.0	2.7	1.1	1.6	1.4	1.0	0.5	0.2	100 K	100 K	0	0
Total Liabilities	1 123.2	519.6	608.5	705.8	807.4	687.2	435.5	444.6	312.6	311.9	322.6	323.7	89.9	133.9	52.7	37.5	36.1	31.5	29.8	28.8	19.1	14.9	19.0	36.7	39.7	21.1	19.1	18.8	15.0	9.4	4.8	3.1	2.1	0.7	0.6
EQUITY
Common Stock	638.1	675.2	641.5	606.2	587.0	571.4	353.4	206.2	197.8	187.7	177.8	172.3	166.2	67.1	63.7	61.7	52.5	54.4	48.2	42.6	37.7	30.3	26.0	19.8	18.4	0	0	0	0	0	0	0	0	0	0
Retained Earnings	575.2	480.8	406.3	357.8	368.2	363.4	321.4	293.9	273.8	250.0	227.0	210.4	190.7	167.7	155.2	132.7	111.9	97.0	84.7	68.9	51.0	33.7	22.4	15.6	14.8	11.6	9.1	8.3	6.2	4.9	3.7	1.8	0.7	(0.6)	(0.7)
Other Accumulative Comprehensive Income/Loss	(11.3)	(11.6)	(8.0)	(5.5)	(5.3)	(2.0)	1.5	(1.9)	(5.5)	(2.4)	0.9	(1.2)	0.1	1.3	85 K	58 K	56 K	(0.2)	(0.4)	(0.4)	(0.4)	(0.5)	(0.7)	(0.6)	(0.5)	0	0	0	0	0	0	0	0	0	0
Total Equity	1 202.0	1 144.4	1 039.8	958.6	949.9	932.8	676.3	498.2	466.1	435.3	405.7	381.6	357.1	236.1	218.8	194.3	164.4	151.2	132.5	111.1	88.2	63.4	47.7	34.8	32.7	29.6	26.2	22.9	19.5	17.6	15.7	13.3	7.3	3.0	1.0
Total Liabilities and Equity	2 325.2	1 664.0	1 648.3	1 664.4	1 757.3	1 620.0	1 111.8	942.8	778.7	747.2	728.3	705.3	447.0	369.9	271.5	231.8	200.4	182.7	162.2	139.9	107.3	78.3	66.7	71.4	72.4	50.7	45.3	41.7	34.5	27.0	20.5	16.4	9.4	3.7	1.6
SHARES OUTSTANDING
Common Shares Outstanding	57.6	56.8	56.1	55.4	55.1	52.3	48.8	44.4	44.0	43.1	42.6	42.2	39.1	35.3	35.0	34.7	34.3	34.2	33.6	32.9	31.6	30.1	28.2	26.8	26.2	25.8	25.3	24.5	23.1	23.8	22.3	21.9	20.5	11.6	13.9

Balance Sheet

Premium Plan

Unlimited Plan