NasdaqGS:ICUI

Stock Analysis Report

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Market Cap

US$4.2b

Last Updated

2021/07/27 01:28 UTC

Data Sources

Company Financials +

Executive Summary

ICU Medical, Inc., together with its subsidiaries, develops, manufactures, and sells medical devices used in infusion therapy and critical care applications worldwide. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has ICU Medical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ICUI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ICUI's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

ICUI

3.2%

US Medical Equipment

3.3%

US Market


1 Year Return

2.0%

ICUI

28.9%

US Medical Equipment

37.8%

US Market

Return vs Industry: ICUI underperformed the US Medical Equipment industry which returned 31% over the past year.

Return vs Market: ICUI underperformed the US Market which returned 39.1% over the past year.


Shareholder returns

ICUIIndustryMarket
7 Day0.7%3.2%3.3%
30 Day-6.1%2.6%1.1%
90 Day-6.6%2.5%2.9%
1 Year2.0%2.0%29.8%28.9%39.9%37.8%
3 Year-30.9%-30.9%73.5%69.4%65.8%55.4%
5 Year67.7%67.7%147.2%135.7%124.3%99.4%

Long-Term Price Volatility Vs. Market

How volatile is ICU Medical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ICU Medical undervalued compared to its fair value and its price relative to the market?

43.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ICUI ($196.28) is trading above our estimate of fair value ($182.9)

Significantly Below Fair Value: ICUI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ICUI is good value based on its PE Ratio (44x) compared to the US Medical Equipment industry average (62.1x).

PE vs Market: ICUI is poor value based on its PE Ratio (44x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: ICUI is poor value based on its PEG Ratio (184.2x)


Price to Book Ratio

PB vs Industry: ICUI is good value based on its PB Ratio (2.7x) compared to the US Medical Equipment industry average (4.5x).


Future Growth

How is ICU Medical forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICUI's forecast earnings growth (0.2% per year) is below the savings rate (2%).

Earnings vs Market: ICUI's earnings (0.2% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: ICUI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ICUI's revenue (3.5% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: ICUI's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ICUI's Return on Equity is forecast to be low in 3 years time (6.3%).


Past Performance

How has ICU Medical performed over the past 5 years?

10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICUI has a large one-off loss of $26.7M impacting its March 31 2021 financial results.

Growing Profit Margin: ICUI's current net profit margins (7.4%) are higher than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: ICUI's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: ICUI's earnings growth over the past year (7.9%) is below its 5-year average (10.2% per year).

Earnings vs Industry: ICUI earnings growth over the past year (7.9%) underperformed the Medical Equipment industry 15.5%.


Return on Equity

High ROE: ICUI's Return on Equity (6.2%) is considered low.


Financial Health

How is ICU Medical's financial position?


Financial Position Analysis

Short Term Liabilities: ICUI's short term assets ($928.2M) exceed its short term liabilities ($179.9M).

Long Term Liabilities: ICUI's short term assets ($928.2M) exceed its long term liabilities ($64.6M).


Debt to Equity History and Analysis

Debt Level: ICUI is debt free.

Reducing Debt: ICUI had no debt 5 years ago.

Debt Coverage: ICUI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ICUI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ICU Medical current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ICUI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ICUI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ICUI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ICUI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ICUI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Vivek Jain (49 yo)

7.42yrs

Tenure

US$3,312,999

Compensation

Mr. Vivek Jain has been an Independent Director of Envista Holdings Corporation since April 7, 2020. Mr. Jain has been Chairman and Chief Executive Officer of ICU Medical, Inc. since February 13, 2014. Mr....


CEO Compensation Analysis

Compensation vs Market: Vivek's total compensation ($USD3.31M) is below average for companies of similar size in the US market ($USD5.32M).

Compensation vs Earnings: Vivek's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ICUI's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: ICUI's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ICUI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ICU Medical, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ICU Medical, Inc.
  • Ticker: ICUI
  • Exchange: NasdaqGS
  • Founded: 1984
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Market Cap: US$4.160b
  • Shares outstanding: 21.19m
  • Website: https://www.icumed.com

Number of Employees


Location

  • ICU Medical, Inc.
  • 951 Calle Amanecer
  • San Clemente
  • California
  • 92673
  • United States

Listings


Biography

ICU Medical, Inc., together with its subsidiaries, develops, manufactures, and sells medical devices used in infusion therapy and critical care applications worldwide. The company’s infusion therapy produc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/27 01:28
End of Day Share Price2021/07/26 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.