IRadimed
Market Cap
US$269.2m
Last Updated
2020/10/20 00:19 UTC
Data Sources
Company Financials +
Executive Summary
IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationally. More Details
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has IRadimed's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IRMD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.4%
IRMD
-1.2%
US Medical Equipment
-2.4%
US Market
1 Year Return
-7.0%
IRMD
24.3%
US Medical Equipment
18.2%
US Market
Return vs Industry: IRMD underperformed the US Medical Equipment industry which returned 24.4% over the past year.
Return vs Market: IRMD underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| IRMD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -1.2% | -2.4% |
| 30 Day | -1.4% | 4.5% | 4.2% |
| 90 Day | -8.7% | 7.0% | 6.3% |
| 1 Year | -7.0%-7.0% | 25.3%24.3% | 20.9%18.2% |
| 3 Year | 115.5%115.5% | 74.7%70.2% | 41.2%31.8% |
| 5 Year | -16.3%-16.3% | 152.1%132.4% | 84.8%63.9% |
Price Volatility Vs. Market
How volatile is IRadimed's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
If You Had Bought IRadimed (NASDAQ:IRMD) Shares Three Years Ago You'd Have Earned185% Returns3 months ago | Simply Wall St
Should You Rely On IRadimed's (NASDAQ:IRMD) Earnings Growth?6 months ago | Simply Wall St
A Close Look At IRadimed Corporation’s (NASDAQ:IRMD) 14% ROCEValuation
Is IRadimed undervalued compared to its fair value and its price relative to the market?
48.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IRMD ($21.98) is trading above our estimate of fair value ($17.98)
Significantly Below Fair Value: IRMD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IRMD is good value based on its PE Ratio (48.1x) compared to the US Medical Equipment industry average (51.1x).
PE vs Market: IRMD is poor value based on its PE Ratio (48.1x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: IRMD is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: IRMD is overvalued based on its PB Ratio (4.6x) compared to the US Medical Equipment industry average (4.1x).
Next Steps
Future Growth
How is IRadimed forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
36.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRMD's forecast earnings growth (36.3% per year) is above the savings rate (2.2%).
Earnings vs Market: IRMD's earnings (36.3% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IRMD's revenue (11.7% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: IRMD's revenue (11.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IRMD's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has IRadimed performed over the past 5 years?
4.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRMD has a large one-off loss of $3.2M impacting its June 30 2020 financial results.
Growing Profit Margin: IRMD's current net profit margins (14.7%) are lower than last year (23.9%).
Past Earnings Growth Analysis
Earnings Trend: IRMD's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: IRMD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IRMD had negative earnings growth (-33.4%) over the past year, making it difficult to compare to the Medical Equipment industry average (2.5%).
Return on Equity
High ROE: IRMD's Return on Equity (9.2%) is considered low.
Next Steps
Financial Health
How is IRadimed's financial position?
Financial Position Analysis
Short Term Liabilities: IRMD's short term assets ($60.1M) exceed its short term liabilities ($5.3M).
Long Term Liabilities: IRMD's short term assets ($60.1M) exceed its long term liabilities ($5.2M).
Debt to Equity History and Analysis
Debt Level: IRMD is debt free.
Reducing Debt: IRMD had no debt 5 years ago.
Debt Coverage: IRMD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IRMD has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is IRadimed current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IRMD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IRMD'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 IRMD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IRMD'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 IRMD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Roger Susi (67 yo)
0.42
Tenure
US$488,455
Compensation
Mr. Roger E. Susi serves as President and Chief Executive Officer of IRadimed Corporation since May 28, 2020. He founded IRadimed Corporation in 2004 and has been its Chairman of the Board since June 10, 2 ...
CEO Compensation Analysis
Compensation vs Market: Roger's total compensation ($USD488.46K) is below average for companies of similar size in the US market ($USD1.27M).
Compensation vs Earnings: Roger's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 0.42yr | US$488.46k | 46.8% $ 126.0m | |
| CFO & Secretary | 6.83yrs | US$587.75k | 0.17% $ 462.3k | |
| Vice President of Sales | 0.75yr | no data | no data | |
| Controller | 0.75yr | no data | no data |
0.8yrs
Average Tenure
Experienced Management: IRMD's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 0.42yr | US$488.46k | 46.8% $ 126.0m | |
| Independent Director | 1.33yrs | US$179.91k | 0.11% $ 303.7k | |
| Independent Director | 4.58yrs | US$152.49k | 0.13% $ 359.2k | |
| Independent Director | 6.75yrs | US$154.99k | 0.10% $ 268.6k |
4.5yrs
Average Tenure
67yo
Average Age
Experienced Board: IRMD's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IRMD insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.
Top Shareholders
Company Information
IRadimed Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: IRadimed Corporation
- Ticker: IRMD
- Exchange: NasdaqCM
- Founded: 1992
- Industry: Health Care Equipment
- Sector: Healthcare
- Market Cap: US$269.178m
- Shares outstanding: 12.25m
- Website: https://www.iradimed.com
Number of Employees
Location
- IRadimed Corporation
- 1025 Willa Springs Drive
- Winter Springs
- Florida
- 32708
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IRMD | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | Jul 2014 |
| 46K | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Jul 2014 |
| 46K | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 2014 |
Biography
IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 00:19 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.