Meridian Bioscience
Market Cap
US$974.6m
Last Updated
2021/01/22 23:07 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
Rewards
Risk Analysis
VIVO passed our risk checks.
Snowflake Analysis
Excellent balance sheet and good value.
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
6.4%
VIVO
0.5%
US Medical Equipment
2.3%
US Market
1 Year Return
141.0%
VIVO
20.7%
US Medical Equipment
23.7%
US Market
Return vs Industry: VIVO exceeded the US Medical Equipment industry which returned 20.7% over the past year.
Return vs Market: VIVO exceeded the US Market which returned 23.7% over the past year.
Shareholder returns
| VIVO | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.4% | 0.5% | 2.3% |
| 30 Day | 9.6% | 3.9% | 4.7% |
| 90 Day | 25.3% | 7.2% | 14.5% |
| 1 Year | 141.0%141.0% | 21.7%20.7% | 26.5%23.7% |
| 3 Year | 48.4%42.7% | 64.5%60.4% | 45.0%35.4% |
| 5 Year | 34.4%19.3% | 166.7%146.9% | 126.2%100.9% |
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
1 week ago | Simply Wall St
Does Meridian Bioscience (NASDAQ:VIVO) Deserve A Spot On Your Watchlist?3 weeks ago | Simply Wall St
Is Meridian Bioscience (NASDAQ:VIVO) Using Too Much Debt?1 month ago | Simply Wall St
Meridian Bioscience, Inc.'s (NASDAQ:VIVO) Stock Is Going Strong: Have Financials A Role To Play?Valuation
Is Meridian Bioscience undervalued compared to its fair value and its price relative to the market?
22.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VIVO ($22.97) is trading below our estimate of fair value ($29.48)
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 (21.3x) compared to the US Medical Equipment industry average (55.6x).
PE vs Market: VIVO's PE Ratio (21.3x) is in line with the US market.
Price to Earnings Growth Ratio
PEG Ratio: VIVO is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: VIVO is good value based on its PB Ratio (4x) compared to the US Medical Equipment industry average (5.7x).
Next Steps
Future Growth
How is Meridian Bioscience forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
4.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VIVO's forecast earnings growth (4.3% per year) is above the savings rate (2%).
Earnings vs Market: VIVO's earnings (4.3% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: VIVO's earnings are forecast to grow, but not significantly.
Revenue vs Market: VIVO's revenue (8.4% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: VIVO's revenue (8.4% 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 VIVO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Meridian Bioscience performed over the past 5 years?
-2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VIVO has high quality earnings.
Growing Profit Margin: VIVO's current net profit margins (18.2%) are higher than last year (12.1%).
Past Earnings Growth Analysis
Earnings Trend: VIVO's earnings have declined by 2% per year over the past 5 years.
Accelerating Growth: VIVO's earnings growth over the past year (89.9%) exceeds its 5-year average (-2% per year).
Earnings vs Industry: VIVO earnings growth over the past year (89.9%) exceeded the Medical Equipment industry -0.3%.
Return on Equity
High ROE: VIVO's Return on Equity (18.7%) is considered low.
Next Steps
Financial Health
How is Meridian Bioscience's financial position?
Financial Position Analysis
Short Term Liabilities: VIVO's short term assets ($162.2M) exceed its short term liabilities ($52.5M).
Long Term Liabilities: VIVO's short term assets ($162.2M) exceed its long term liabilities ($105.1M).
Debt to Equity History and Analysis
Debt Level: VIVO's debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if VIVO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VIVO's debt is well covered by operating cash flow (69%).
Interest Coverage: VIVO's interest payments on its debt are well covered by EBIT (24.8x coverage).
Balance Sheet
Next Steps
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?
2.0yrs
Average management tenure
CEO
Jack Kenny (52 yo)
3.25yrs
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 ($USD2.40M).
Compensation vs Earnings: Jack's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.25yrs | US$3.33m | 0.21% $ 2.0m | |
| Executive VP | 1.58yrs | US$902.62k | 0.038% $ 374.6k | |
| Executive Vice President of Life Science Business Unit | 7.33yrs | US$884.54k | 0.056% $ 550.0k | |
| Executive Vice President of Diagnostics | 0.67yr | US$785.94k | 0% $ 0 | |
| Director of Corporate Finance | no data | no data | no data | |
| Vice President of Corporate Strategy | 1yr | no data | no data | |
| Vice President of Global Human Resources | no data | no data | no data | |
| Consultant | 2.17yrs | US$626.75k | no data | |
| Consultant | 2yrs | US$432.97k | 0% $ 0 |
2.0yrs
Average Tenure
57yo
Average Age
Experienced Management: VIVO's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.25yrs | US$3.33m | 0.21% $ 2.0m | |
| Independent Director | 3.42yrs | US$146.50k | 0.026% $ 257.0k | |
| Independent Director | 5.42yrs | US$151.00k | 0.038% $ 370.0k | |
| Chairman of the Board & Lead Independent Director | 2.33yrs | US$190.00k | 0.13% $ 1.3m | |
| Independent Director | 11.5yrs | US$163.00k | 0.045% $ 437.8k | |
| Independent Director | 2.33yrs | US$160.00k | 0.011% $ 111.2k | |
| Independent Director | 0.50yr | US$70.00k | 0.024% $ 235.7k | |
| Independent Director | 6.5yrs | US$159.00k | 0.028% $ 269.8k | |
| Independent Director | 5.42yrs | US$155.00k | 0.026% $ 250.2k |
4.0yrs
Average Tenure
64yo
Average Age
Experienced Board: VIVO's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VIVO 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$974.582m
- Shares outstanding: 43.12m
- Website: https://www.meridianbioscience.com
Number of Employees
Location
- Meridian Bioscience, Inc.
- 3471 River Hills Drive
- Cincinnati
- Ohio
- 45244
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VIVO | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jul 1986 |
| MR4 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 1986 |
| 0K0K | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jul 1986 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 23:07 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/09/30 |
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.