CONMED Corporation

CONMED Corporation develops, manufactures, and sells surgical devices and equipment worldwide. The company offers orthopedic surgery products for soft tissue injuries and minimally invasive sports medicine surgeries. Products include BioBrace, TruShot, and Agro Knotless Suture Anchors under various brand names. CONMED also provides battery-powered bone power tool systems for various surgeries. Additionally, the company offers general surgery products, including clinical insufflation systems, smoke removal devices, and electrosurgical solutions. Its endoscopic technologies include therapeutic and diagnostic products for gastroenterology procedures. The company markets its products to hospitals, surgery centers, and healthcare institutions directly or through distributors.

Overview

Sector

Medical Devices

Target Price

58.8 USD

Current Price

53.4 USD

Potential

10%

Strengths

Current Price to Earnings Ratio (12.28) is lower than the sector mean (123.56).
Price to book ratio (1.69) is lower than the sector mean (13.90).
EV/EBITDA (9.21) is lower than the sector mean (222.25).
EV/EBIT (12.52) is lower than the sector mean.
Price to free cash flow (10.57) is lower than the sector mean.
Strong EBITDA Margin of 20.82%.

Weaknesses

The company has high debt. Net Debt to EBITDA Ratio (3.24) is higher than the sector mean.

Key Financial Data

Indicator	Value
PER	12.5
EV/EBITDA	9.3
Price/Free Cash Flow'	10.7
ROIC	8.9%
Net Debt/EBITDA	3.2