Merit Medical Shares Owned By Institutions vs. Shares Outstanding
| MMSI Stock | USD 103.79 1.70 1.67% |
For Merit Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Merit Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Merit Medical Systems utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Merit Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Merit Medical Systems over time as well as its relative position and ranking within its peers.
Merit |
Merit Medical's Revenue Breakdown by Earning Segment
Check out Correlation Analysis.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merit Medical. If investors know Merit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merit Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.091 | Earnings Share 2.06 | Revenue Per Share 22.847 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0456 |
The market value of Merit Medical Systems is measured differently than its book value, which is the value of Merit that is recorded on the company's balance sheet. Investors also form their own opinion of Merit Medical's value that differs from its market value or its book value, called intrinsic value, which is Merit Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merit Medical's market value can be influenced by many factors that don't directly affect Merit Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merit Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merit Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merit Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Merit Medical Systems Shares Outstanding vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Merit Medical's current stock value. Our valuation model uses many indicators to compare Merit Medical value to that of its competitors to determine the firm's financial worth. Merit Medical Systems is rated below average in shares owned by institutions category among its peers. It is rated below average in shares outstanding category among its peers creating about 597,554 of Shares Outstanding per Shares Owned By Institutions. The current Common Stock Shares Outstanding is estimated to decrease to about 39.5 M. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Merit Medical's earnings, one of the primary drivers of an investment's value.Merit Shares Outstanding vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Merit Medical |
| = | 97.53 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Merit Medical |
| = | 58.28 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Merit Shares Outstanding Comparison
Merit Medical is currently under evaluation in shares outstanding category among its peers.
Merit Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Merit Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Merit Medical will eventually generate negative long term returns. The profitability progress is the general direction of Merit Medical's change in net profit over the period of time. It can combine multiple indicators of Merit Medical, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -11.3 M | -10.8 M | |
| Operating Income | 123.9 M | 130.1 M | |
| Income Before Tax | 112.1 M | 117.7 M | |
| Total Other Income Expense Net | -11.9 M | -11.3 M | |
| Net Income | 94.4 M | 99.1 M | |
| Income Tax Expense | 17.7 M | 18.6 M | |
| Net Income Applicable To Common Shares | 85.7 M | 90 M | |
| Net Income From Continuing Ops | 100.2 M | 105.2 M | |
| Non Operating Income Net Other | 1.6 M | 832.5 K | |
| Interest Income | 656 K | 958 K | |
| Net Interest Income | -12 M | -12.6 M | |
| Change To Netincome | 45.7 M | 30.8 M | |
| Net Income Per Share | 1.64 | 1.72 | |
| Income Quality | 1.54 | 1.27 | |
| Net Income Per E B T | 0.84 | 0.62 |
Merit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Merit Medical. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Merit Medical position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Merit Medical's important profitability drivers and their relationship over time.
Use Merit Medical in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Merit Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Merit Medical will appreciate offsetting losses from the drop in the long position's value.Merit Medical Pair Trading
Merit Medical Systems Pair Trading Analysis
The ability to find closely correlated positions to Merit Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Merit Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Merit Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Merit Medical Systems to buy it.
The correlation of Merit Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Merit Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merit Medical Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Merit Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Merit Medical position
In addition to having Merit Medical in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Correlation Analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
To fully project Merit Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Merit Medical Systems at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Merit Medical's income statement, its balance sheet, and the statement of cash flows.