Icu Medical Inc

Health Care
Medical/Dental Instruments
www.icumed.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.29B
PE -28
Debt $1.65B
Cash $308.57M
EV $4.63B
FCF $124.66M

Earnings

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Sales & Net Margins

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Earnings	-$117.69M
EBIT	$67.33M
ROE	-6%
ROA	2%
FCF	$124.66M
Equity	$1.97B
Growth Stability	-77%
PE	-27.98
PEG	9.73
PB	1.68
P/FCF	26.41
P/S	1.38
Price/Cash	0.09
Debt/Equity	0.84
Debt/FCF	13.22
Net Margins	-5%
Gross Margins	35%
Op. Margins	3%
Earnings CAGR	-0%
Sales Growth YoY	7%
Sales Growth QoQ	7%
Sales CAGR	19%
FCF CAGR	5%
Equity CAGR	15%
Earnings Stability	0
Earnings Growth YoY	39%
Earnings Growth QoQ	-28%

Earnings CAGR 5Y	-3%
Sales CAGR 5Y	19%
FCF CAGR 5Y	1%
Equity CAGR 5Y	10%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
FCF CAGR 3Y	38%
Equity CAGR 3Y	-2%
Market Cap	$3.29B
Revenue	$2.38B
Assets	$4.20B
Total Debt	$1.65B
Cash	$308.57M
Shares Outstanding	24.37M
EV	4.63B
Earnings Score	6%
Moat Score	13%
Safety Score	44%
Final Score	21%
Working Capital	885.8M
Current Ratio	2.59
Gross Profit	$824.78M
Shares Growth 3y	1%
Equity Growth QoQ	-4%
Equity Growth YoY	-7%

Assets & ROA

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Stockholders Equity & ROE

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ICU Medical is a California-based, pure-play infusion therapy company that provides consumables, systems, and services for virtually every component of the IV continuum of care. After ICU's acquisition of Hospira Infusion Systems from Pfizer in 2017, it became one of the largest players in this concentrated industry, holding top-tier positions in its major reporting segments: infusion consumables (37% of 2020 revenue), IV solutions (31%), infusion systems (28%), and critical care (4%). The combined entity remains primarily U.S. focused, generating over 70% of its sales domestically.

SEC Filings

Direct access to Icu Medical Inc (ICUI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Icu Medical Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Icu Medical Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -0%

Stability 0%

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Icu Medical Inc Discounted Cash Flow

Fully customizable DCF calculator online for Icu Medical Inc.

Years

Calculation mode

= $1.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$125M	$130M	$137M	$143M	$150M	$157M	$164M	$172M	$179M	$188M	$197M	$2B
DCF		$119M	$113M	$107M	$102M	$97M	$92M	$88M	$84M	$80M	$76M	$758M
Value	$1.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	13%	17%	5%	2%	8%	7%	8%	-3%	-1%	-5%	-5%
ROA	-	12%	4%	1%	7%	6%	7%	-1%	1%	2%	2%
ROE	-	10%	6%	2%	7%	6%	6%	-4%	-1%	-6%	-6%

Bad Net Margins (-4.94%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0	-	-	0	-	0	-11.2	20.64	13.22	13.22
Debt over Equity	-	0	-	-	0	-	0	0.82	0.8	0.84	0.84
Growth Stability	-	-	-	49%	100%	100%	100%	-77%	-77%	-	-77%

Bad Debt/FCF ratio (13.22)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.84)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-77%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	11%	241%	8%	-10%	0%	4%	73%	-1%	5%	19%
Earnings YoY growth	-	40%	9%	-58%	251%	-14%	19%	-172%	-60%	297%	-3%
Equity YoY growth	-	14%	82%	5%	9%	9%	8%	29%	2%	-7%	10%
FCF YoY growth	-	59%	20%	-16%	-93%	3K%	52%	-177%	-154%	51%	1%