NYSE:ITGR

Stock Analysis Report

Executive Summary

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide.

Snowflake

Fundamentals

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Integer Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.2%

ITGR

1.9%

US Medical Equipment

0.4%

US Market


1 Year Return

1.0%

ITGR

15.6%

US Medical Equipment

6.9%

US Market

Return vs Industry: ITGR underperformed the US Medical Equipment industry which returned 15.6% over the past year.

Return vs Market: ITGR underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

ITGRIndustryMarket
7 Day0.2%1.9%0.4%
30 Day-5.8%-1.7%-1.1%
90 Day-7.8%-0.03%-0.5%
1 Year1.0%1.0%16.5%15.6%9.3%6.9%
3 Year293.4%293.4%72.1%66.9%45.8%36.4%
5 Year75.6%60.0%125.8%100.8%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Integer Holdings undervalued compared to its fair value and its price relative to the market?

17.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ITGR ($74.99) is trading below our estimate of fair value ($90.33)

Significantly Undervalued: ITGR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ITGR is good value based on its PE Ratio (40.2x) compared to the Medical Equipment industry average (42.2x).

PE vs Market: ITGR is poor value based on its PE Ratio (40.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: ITGR is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: ITGR is good value based on its PB Ratio (2.2x) compared to the US Medical Equipment industry average (3.8x).


Next Steps

Future Growth

How is Integer Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITGR's forecast earnings growth (25.9% per year) is above the savings rate (2.7%).

Earnings vs Market: ITGR's earnings (25.9% per year) are forecast to grow faster than the US market (14.6% per year).

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

Revenue vs Market: ITGR's revenue (4.2% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ITGR's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ITGR's Return on Equity is forecast to be low in 3 years time (11.2%).


Next Steps

Past Performance

How has Integer Holdings performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ITGR's earnings have grown by 18.1% per year over the past 5 years.

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

Earnings vs Industry: ITGR had negative earnings growth (-45.3%) over the past year, making it difficult to compare to the Medical Equipment industry average (28.2%).


Return on Equity

High ROE: ITGR's Return on Equity (5.4%) is considered low.


Return on Assets

ROA vs Industry: ITGR's Return on Assets is below or equal to the Medical Equipment industry average last year.


Return on Capital Employed

ROCE Improving: ITGR has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Integer Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ITGR's short term assets ($445.8M) exceeds its short term liabilities ($183.9M)

Long Term Liabilities: ITGR's short term assets (445.8M) do not cover its long term liabilities (1.1B)


Debt to Equity History and Analysis

Debt Level: ITGR's debt to equity ratio (77.9%) is considered high

Reducing Debt: ITGR's debt to equity ratio has increased from 33.1% to 77.9% over the past 5 years.

Debt Coverage: ITGR's debt is not well covered by operating cash flow (19.4%).

Interest Coverage: ITGR's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet

Inventory Level: ITGR has a low level of unsold assets or inventory.

Debt Coverage by Assets: ITGR's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is Integer Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate ITGR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ITGR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ITGR'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 ITGR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Integer Holdings's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Joe Dziedzic (51yo)

2.6yrs

Tenure

US$5,383,625

Compensation

Mr. Joseph W. Dziedzic, also known as Joe, has been President and Chief Executive Officer of Integer Holdings Corporation since July 16, 2017 and served as its Interim Chief Executive Officer and President ...


CEO Compensation Analysis

Compensation vs. Market: Joe's total compensation ($USD5.38M) is about average for companies of similar size in the US market ($USD5.11M).

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


Management Age and Tenure

1.7yrs

Average Tenure

50yo

Average Age

Experienced Management: ITGR's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

5.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: ITGR's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$256,76328 May 19
James Hinrichs
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,750
Max PriceUS$68.47
SellUS$214,80014 Mar 19
Anthony Borowicz
EntityIndividual
Role
Head of Investor Relations
Vice President of Strategy
Shares2,500
Max PriceUS$85.92
SellUS$825,91704 Mar 19
Jose Gonzalez
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares9,088
Max PriceUS$90.88

Ownership Breakdown


Management Team

  • Tony Borowicz

    Vice President of Strategy

    • Tenure: 1.3yrs
  • Kirk Thor (54yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 1.8yrs
    • Compensation: US$1.25m
  • Joe Dziedzic (51yo)

    President

    • Tenure: 2.6yrs
    • Compensation: US$5.38m
  • Elizabeth Giddens

    Senior VP

    • Tenure: 0.2yrs
  • Jen Bolt (50yo)

    Senior Vice President of Global Operations

    • Tenure: 0.4yrs
  • Tony Gonzalez (45yo)

    Executive Officer

    • Tenure: 4yrs
    • Compensation: US$1.09m
  • Joe Flanagan (60yo)

    Executive Vice President of Quality & Regulatory Affairs

    • Tenure: 4yrs
    • Compensation: US$901.72k
  • Tom Thomas (48yo)

    VP, Principal Accounting Officer & Corporate Controller

    • Tenure: 1.7yrs
  • Mary Holler

    Chief Information Officer

    • Tenure: 0yrs
  • Jason Garland (46yo)

    Executive VP & CFO

    • Tenure: 1yrs
    • Compensation: US$796.28k

Board Members

  • William Summers (68yo)

    Independent Director

    • Tenure: 18.3yrs
    • Compensation: US$195.97k
  • Pam Bailey (70yo)

    Independent Director

    • Tenure: 17.3yrs
    • Compensation: US$203.97k
  • Bill Sanford (75yo)

    Non Executive Chairman of the Board

    • Tenure: 11.8yrs
    • Compensation: US$312.96k
  • Peter Soderberg (72yo)

    Independent Director

    • Tenure: 17.6yrs
    • Compensation: US$220.97k
  • Filippo Passerini (62yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$193.97k
  • M. Maxwell (61yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$207.97k
  • Jim Hinrichs (51yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$290.47k
  • Don Spence (65yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$192.97k
  • Joe Dziedzic (51yo)

    President

    • Tenure: 2.6yrs
    • Compensation: US$5.38m
  • Jean Hobby (58yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$217.97k

Company Information

Integer Holdings Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Integer Holdings Corporation
  • Ticker: ITGR
  • Exchange: NYSE
  • Founded: 1970
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: US$2.448b
  • Shares outstanding: 32.65m
  • Website: https://www.integer.net

Number of Employees


Location

  • Integer Holdings Corporation
  • 5830 Granite Parkway
  • Suite 1150
  • Plano
  • Texas
  • 75024
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITGRNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 2000
WGBDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2000

Biography

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:57
End of Day Share Price2019/10/18 00:00
Earnings2019/06/28
Annual Earnings2018/12/28


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.