NasdaqGS:VIVO

Stock Analysis Report

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Market Cap

US$888.3m

Last Updated

2021/07/31 22:15 UTC

Data Sources

Company Financials +

Executive Summary

Meridian Bioscience, Inc., a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for gastrointestinal and respiratory infectious diseases, and elevated blood lead levels worldwide. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.


Similar Companies

Share Price & News

How has Meridian Bioscience's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VIVO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: VIVO's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

5.7%

VIVO

1.7%

US Medical Equipment

-0.5%

US Market


1 Year Return

-16.3%

VIVO

29.9%

US Medical Equipment

35.9%

US Market

Return vs Industry: VIVO underperformed the US Medical Equipment industry which returned 31.7% over the past year.

Return vs Market: VIVO underperformed the US Market which returned 35.9% over the past year.


Shareholder returns

VIVOIndustryMarket
7 Day5.7%1.7%-0.5%
30 Day-8.7%4.3%0.09%
90 Day4.7%6.5%3.2%
1 Year-16.3%-16.3%30.8%29.9%38.0%35.9%
3 Year36.6%33.6%74.9%70.7%62.8%52.6%
5 Year15.1%5.5%147.9%136.4%121.2%96.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Meridian Bioscience undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIVO ($20.5) is trading below our estimate of fair value ($66.07)

Significantly Below Fair Value: VIVO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VIVO is good value based on its PE Ratio (10.1x) compared to the US Medical Equipment industry average (50.9x).

PE vs Market: VIVO is good value based on its PE Ratio (10.1x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: VIVO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: VIVO is good value based on its PB Ratio (2.9x) compared to the US Medical Equipment industry average (4.5x).


Future Growth

How is Meridian Bioscience forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-23.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIVO's earnings are forecast to decline over the next 3 years (-23.2% per year).

Earnings vs Market: VIVO's earnings are forecast to decline over the next 3 years (-23.2% per year).

High Growth Earnings: VIVO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: VIVO's revenue is expected to decline over the next 3 years (-8.1% per year).

High Growth Revenue: VIVO's revenue is forecast to decline over the next 3 years (-8.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VIVO's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Meridian Bioscience performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VIVO has high quality earnings.

Growing Profit Margin: VIVO's current net profit margins (26.6%) are higher than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: VIVO's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: VIVO's earnings growth over the past year (307.5%) exceeds its 5-year average (16.4% per year).

Earnings vs Industry: VIVO earnings growth over the past year (307.5%) exceeded the Medical Equipment industry 33.2%.


Return on Equity

High ROE: VIVO's Return on Equity (28.1%) is considered high.


Financial Health

How is Meridian Bioscience's financial position?


Financial Position Analysis

Short Term Liabilities: VIVO's short term assets ($188.3M) exceed its short term liabilities ($50.3M).

Long Term Liabilities: VIVO's short term assets ($188.3M) exceed its long term liabilities ($79.4M).


Debt to Equity History and Analysis

Debt Level: VIVO's debt to equity ratio (16.2%) is considered satisfactory.

Reducing Debt: VIVO's debt to equity ratio has reduced from 35.6% to 16.2% over the past 5 years.

Debt Coverage: VIVO's debt is well covered by operating cash flow (146.8%).

Interest Coverage: VIVO's interest payments on its debt are well covered by EBIT (48.2x coverage).


Balance Sheet


Dividend

What is Meridian Bioscience current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: VIVO is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VIVO'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?

2.5yrs

Average management tenure


CEO

Jack Kenny (52 yo)

3.75yrs

Tenure

US$3,330,484

Compensation

Mr. John P. Kenny, also known as Jack, has been the Chief Executive Officer of Meridian Bioscience, Inc. since October 9, 2017. Mr. Kenny serves as President of Meridian Bioscience, Inc. and served as its ...


CEO Compensation Analysis

Compensation vs Market: Jack's total compensation ($USD3.33M) is above average for companies of similar size in the US market ($USD2.42M).

Compensation vs Earnings: Jack's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: VIVO's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: VIVO'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: 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

Meridian Bioscience, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meridian Bioscience, Inc.
  • Ticker: VIVO
  • Exchange: NasdaqGS
  • Founded: 1976
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Market Cap: US$888.266m
  • Shares outstanding: 43.33m
  • Website: https://www.meridianbioscience.com

Number of Employees


Location

  • Meridian Bioscience, Inc.
  • 3471 River Hills Drive
  • Cincinnati
  • Ohio
  • 45244
  • United States

Listings


Biography

Meridian Bioscience, Inc., a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for gastrointestinal and respiratory infectious diseases, and elevated blood...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 22:15
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.