NasdaqGS:ISRG

Stock Analysis Report

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Executive Summary

Intuitive Surgical, Inc., together with its subsidiaries, designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. More Details

Rewards

Earnings are forecast to grow 23.05% per year

Risk Analysis

No risks detected for ISRG from our risk checks.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Intuitive Surgical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ISRG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-9.3%

ISRG

-5.8%

US Medical Equipment

-5.3%

US Market


1 Year Return

19.3%

ISRG

14.8%

US Medical Equipment

10.4%

US Market

Return vs Industry: ISRG exceeded the US Medical Equipment industry which returned 15.8% over the past year.

Return vs Market: ISRG exceeded the US Market which returned 12% over the past year.


Shareholder returns

ISRGIndustryMarket
7 Day-9.3%-5.8%-5.3%
30 Day-6.1%-1.6%-2.1%
90 Day-2.7%0.1%1.7%
1 Year19.3%19.3%15.8%14.8%12.9%10.4%
3 Year73.6%73.6%64.2%59.9%34.3%25.4%
5 Year299.5%299.5%122.9%105.4%73.7%54.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Intuitive Surgical undervalued compared to its fair value and its price relative to the market?

73.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ISRG ($667.08) is trading above our estimate of fair value ($447.57)

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


Price To Earnings Ratio

PE vs Industry: ISRG is poor value based on its PE Ratio (73.8x) compared to the US Medical Equipment industry average (52.8x).

PE vs Market: ISRG is poor value based on its PE Ratio (73.8x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: ISRG is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: ISRG is overvalued based on its PB Ratio (8.5x) compared to the US Medical Equipment industry average (3.8x).


Next Steps

Future Growth

How is Intuitive Surgical forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

23.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISRG's forecast earnings growth (23% per year) is above the savings rate (2.2%).

Earnings vs Market: ISRG's earnings (23% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ISRG's revenue (14.3% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: ISRG's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ISRG's Return on Equity is forecast to be low in 3 years time (16.1%).


Next Steps

  • Explore growth companies in the Healthcare industry.

Past Performance

How has Intuitive Surgical performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ISRG has high quality earnings.

Growing Profit Margin: ISRG's current net profit margins (24.5%) are lower than last year (30.9%).


Past Earnings Growth Analysis

Earnings Trend: ISRG's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: ISRG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ISRG had negative earnings growth (-19.9%) over the past year, making it difficult to compare to the Medical Equipment industry average (-0.2%).


Return on Equity

High ROE: ISRG's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

How is Intuitive Surgical's financial position?


Financial Position Analysis

Short Term Liabilities: ISRG's short term assets ($6.3B) exceed its short term liabilities ($894.7M).

Long Term Liabilities: ISRG's short term assets ($6.3B) exceed its long term liabilities ($436.1M).


Debt to Equity History and Analysis

Debt Level: ISRG is debt free.

Reducing Debt: ISRG has not had any debt for past 5 years.

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

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


Balance Sheet


Next Steps

Dividend

What is Intuitive Surgical current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ISRG'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 ISRG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ISRG'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 ISRG'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?

6.4yrs

Average management tenure


CEO

Gary Guthart (54 yo)

10.75yrs

Tenure

US$6,470,374

Compensation

Dr. Gary S. Guthart, Ph.D., has been Chief Executive Officer of Intuitive Surgical, Inc. since January 1, 2010 and its President since July 12, 2007. Dr. Guthart served as President at Intuitive Surgical, ...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD6.47M) is below average for companies of similar size in the US market ($USD11.21M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gary Guthart
President10.75yrsUS$6.47m0.34%
$ 262.7m
Marshall Mohr
Executive VP & CFOno dataUS$3.21m0.013%
$ 10.3m
Salvatore Brogna
Consultant & Advisor0.75yrUS$3.91m0.0035%
$ 2.8m
David Rosa
Executive VP & Chief Business Officer7.75yrsUS$3.92m0.023%
$ 17.7m
Myriam J. McAdams
Executive VP & Chief Medical Officer14.83yrsUS$3.10m0.0025%
$ 2.0m
Jamie Samath
Senior VP of Finance & Principal Accounting Officer7yrsno data0.00018%
$ 141.2k
Calvin Darling
Senior Director of IRno datano datano data
Kara Reiter
Senior VP2.25yrsno data0.0035%
$ 2.7m
Julian Nikolchev
Senior Vice President of Corporate Development & Strategy1.75yrsno datano data
Craig Child
Senior Vice President of Human Resources1.75yrsno datano data
Colin Morales
Senior VP and GM of Secondary Market Equipment & Service10.75yrsno datano data
Henry Charlton
Senior VP and GM of United States & Europe5.75yrsno datano data

6.4yrs

Average Tenure

56yo

Average Age

Experienced Management: ISRG's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gary Guthart
President10.75yrsUS$6.47m0.34%
$ 262.7m
Amal Johnson
Independent Director10.42yrsUS$323.96k0.0029%
$ 2.3m
Joseph Beery
Independent Director0.42yrno datano data
Don Kania
Independent Director2.25yrsUS$313.96k0.00042%
$ 329.4k
Craig Barratt
Independent Chairman & Lead Director0.42yrUS$351.07k0.0065%
$ 5.1m
Alan Levy
Independent Director20.58yrsUS$322.96k0.0067%
$ 5.2m
Jami K. Nachtsheim
Independent Director3.42yrsUS$312.96k0.00092%
$ 721.5k
Keith Leonard
Independent Director4.75yrsUS$313.96k0.00051%
$ 399.9k
Amy Ladd
Independent Director1.17yrsUS$192.88k0.00011%
$ 86.3k
Mark Rubash
Independent Director13yrsUS$326.96k0.0039%
$ 3.0m

4.1yrs

Average Tenure

61yo

Average Age

Experienced Board: ISRG's board of directors are considered experienced (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Intuitive Surgical, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Intuitive Surgical, Inc.
  • Ticker: ISRG
  • Exchange: NasdaqGS
  • Founded: 1995
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: US$78.419b
  • Shares outstanding: 117.56m
  • Website: https://www.intuitive.com

Number of Employees


Location

  • Intuitive Surgical, Inc.
  • 1020 Kifer Road
  • Sunnyvale
  • California
  • 94086
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISRGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2000
IUI1DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2000
0R29LSE (London Stock Exchange)YesCommon StockGBUSDJun 2000
ISRGWBAG (Wiener Boerse AG)YesCommon StockATEURJun 2000
ISRG *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJun 2000
IUI1ETLX (Eurotlx)YesCommon StockITEURJun 2000
I1SR34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 10 REPR 1 COMBRBRLJan 2020

Biography

Intuitive Surgical, Inc., together with its subsidiaries, designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 00:43
End of Day Share Price2020/10/30 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.