MMSI

Merit Medical Systems, Inc.

Healthcare · $5.2B market cap

Verdict

Share price

$85.37

close of Oct 3, 2026

Fair value

$102.92

Sticker Price

Payback Price

$41.17

buy price

Undervalued

MMSI is Undervalued: at $85.37 it trades 17% below its fair value of $102.92. Its buy price (Payback Price) is $41.17, 52% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 10% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth12.1% a year✓
Equity per share growth9.6% a year✗
Sales growth11.9% a year✓
Free cash flow growth28.7% a year✓
Return on invested capital5.4%✗

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Superinvestors

1 of the investors we track holds MMSI. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Lee Ainslie

Insider activity

Since Jun 15, 2026: no open-market purchases, 2 sales worth $2.5M and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Merit Medical Systems, Inc.

Merit Medical Systems, Inc. (MMSI) is engaged in the design, development, manufacturing, and worldwide commercialization of disposable medical products. These devices are crucial for a broad spectrum of diagnostic, therapeutic, and interventional procedures, primarily within the fields of cardiology, radiology, oncology, critical care, and endoscopy. The company operates through two main divisions: Cardiovascular…

Medical - Instruments & Supplies

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works