Outset Medical, Inc.

NasdaqGS:OM Stock Report

Market Cap: US$59.4m

Outset Medical Valuation

Is OM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate OM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OM's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OM?

Key metric: As OM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for OM. This is calculated by dividing OM's market cap by their current revenue.
What is OM's PS Ratio?
PS Ratio0.6x
SalesUS$114.73m
Market CapUS$59.37m

Price to Sales Ratio vs Peers

How does OM's PS Ratio compare to its peers?

The above table shows the PS ratio for OM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average18.3x
APYX Apyx Medical
1.2x7.7%US$66.4m
MDNC Medinotec
48.1xn/aUS$58.7m
MLSS Milestone Scientific
7.3x17.5%US$66.2m
ICCM IceCure Medical
16.7x57.1%US$60.8m
OM Outset Medical
0.6x11.4%US$59.4m

Price-To-Sales vs Peers: OM is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (8.4x).

Price to Sales Ratio vs Industry

How does OM's PS Ratio compare vs other companies in the US Medical Equipment Industry?

51 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.3x8.2%
OM Outset Medical
 0.6x11.4%US$59.37m
VREX Varex Imaging
0.8x2.7%US$604.50m
INGN Inogen
0.6x4.4%US$200.79m
OM 0.6xIndustry Avg. 3.3xNo. of Companies51PS03.26.49.612.816+
51 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.3x16.8%
OM Outset Medical
 0.6x34.2%US$59.37m
No more companies

Price-To-Sales vs Industry: OM is good value based on its Price-To-Sales Ratio (0.6x) compared to the US Medical Equipment industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is OM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: OM is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.21
US$4.00
+230.6%
30.6%US$6.00US$3.00n/a4
Dec ’25US$0.90
US$3.60
+301.7%
37.7%US$6.00US$2.00n/a5
Nov ’25US$0.61
US$3.63
+494.3%
36.0%US$6.00US$1.75n/a6
Oct ’25US$0.63
US$3.63
+473.8%
36.0%US$6.00US$1.75n/a6
Sep ’25US$0.53
US$3.63
+584.0%
36.0%US$6.00US$1.75n/a6
Aug ’25US$3.50
US$5.79
+65.3%
29.2%US$9.00US$3.00n/a7
Jul ’25US$3.69
US$5.79
+56.8%
29.2%US$9.00US$3.00n/a7
Jun ’25US$3.73
US$5.64
+51.3%
30.2%US$9.00US$3.00n/a7
May ’25US$2.85
US$5.79
+103.0%
28.4%US$9.00US$3.00n/a7
Apr ’25US$2.08
US$5.70
+174.0%
34.0%US$9.00US$3.00n/a5
Mar ’25US$3.09
US$5.70
+84.5%
34.0%US$9.00US$3.00n/a5
Feb ’25US$2.98
US$5.90
+98.0%
32.3%US$9.00US$3.00n/a5
Jan ’25US$5.41
US$7.50
+38.6%
50.2%US$14.00US$3.00n/a5
Dec ’24US$5.69
US$7.40
+30.1%
51.7%US$14.00US$3.00US$0.905
Nov ’24US$3.76
US$10.20
+171.3%
55.9%US$19.00US$3.00US$0.615
Oct ’24US$10.88
US$27.60
+153.7%
17.5%US$32.00US$19.00US$0.635
Sep ’24US$13.88
US$27.60
+98.8%
17.5%US$32.00US$19.00US$0.535
Aug ’24US$20.36
US$29.60
+45.4%
11.8%US$32.00US$23.00US$3.505
Jul ’24US$21.87
US$29.60
+35.3%
11.8%US$32.00US$23.00US$3.695
Jun ’24US$21.83
US$29.60
+35.6%
11.8%US$32.00US$23.00US$3.735
May ’24US$19.08
US$31.00
+62.5%
6.5%US$32.00US$27.00US$2.855
Apr ’24US$18.40
US$31.00
+68.5%
6.5%US$32.00US$27.00US$2.085
Mar ’24US$22.59
US$31.00
+37.2%
6.5%US$32.00US$27.00US$3.095
Feb ’24US$28.36
US$30.60
+7.9%
6.1%US$32.00US$27.00US$2.985
Jan ’24US$25.82
US$23.67
-8.3%
16.1%US$29.00US$17.00US$5.416
Dec ’23US$22.13
US$23.67
+6.9%
16.1%US$29.00US$17.00US$5.696

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 23:15
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Outset Medical, Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Travis SteedBofA Global Research
Michael GormanBTIG
Marie ThibaultBTIG