Globus Medical Financials

GMED Stock  USD 83.90  1.71  2.00%   
Globus Medical may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Globus Medical's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 316.6 M, whereas Current Deferred Revenue is forecasted to decline to about 9.6 M. Key indicators impacting Globus Medical's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.07440.0783
Notably Down
Slightly volatile
Return On Assets0.0230.0242
Notably Down
Slightly volatile
Return On Equity0.02920.0307
Notably Down
Slightly volatile
Debt Equity Ratio0.0510.094
Way Down
Very volatile
Operating Income153.7 M133.1 M
Fairly Up
Slightly volatile
Current Ratio7.284.8818
Way Up
Slightly volatile
The financial analysis of Globus Medical is a critical element in measuring its lifeblood. Investors should not minimize Globus Medical's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

117.3 Million

  
Understanding current and past Globus Medical Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Globus Medical's financial statements are interrelated, with each one affecting the others. For example, an increase in Globus Medical's assets may result in an increase in income on the income statement.
Please note, the presentation of Globus Medical's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Globus Medical's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Globus Medical's management manipulating its earnings.

Globus Medical Stock Summary

Globus Medical competes with Baxter International, West Pharmaceutical, ResMed, Cooper Companies,, and ICU Medical. Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally. Globus Medical, Inc. was incorporated in 2003 and is headquartered in Audubon, Pennsylvania. Globus Medical operates under Medical Devices classification in the United States and is traded on New York Stock Exchange. It employs 2400 people.
Specialization
Health Care, Health Care Equipment & Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS3795772082
CUSIP379577208
LocationPennsylvania; U.S.A
Business Address2560 General Armistead
SectorHealth Care Equipment & Supplies
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.globusmedical.com
Phone610 930 1800
CurrencyUSD - US Dollar

Globus Medical Key Financial Ratios

Globus Medical Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.7B2.0B2.1B5.1B5.3B
Other Current Liab6.7M93.4M105.1M105.5M301.5M316.6M
Other Liab17.1M52.4M75.7M70.5M81.1M85.2M
Net Debt(193.2M)(234.6M)(188.0M)(144.5M)53.1M55.8M
Retained Earnings1.0B1.0B1.2B1.2B1.1B764.6M
Accounts Payable24.6M18.2M22.0M36.1M56.7M59.5M
Cash195.7M239.4M193.1M150.5M467.3M490.7M
Other Assets25.2M209.8M60.8M92.2M106.0M111.3M
Net Receivables162.4M148.1M165.7M217.3M504.9M530.1M
Inventory196.3M229.2M237.0M299.0M848.1M890.5M
Other Current Assets17.2M17.8M18.4M21.0M44.6M46.8M
Total Liab129.6M173.2M215.9M229.8M1.1B1.1B
Total Current Assets687.5M821.8M864.5M983.3M1.9B2.0B
Short Term Debt74.7M88.7M94.4M2.5M12.0M11.4M
Good Will128.8M156.7M179.7M197.5M1.4B1.5B
Intangible Assets78.8M86.9M68.7M63.6M924.6M970.8M
Net Tangible Assets1.2B1.3B1.5B1.6B1.8B981.4M
Capital Surpluse357.3M457.2M553.8M631.0M725.6M761.9M

Globus Medical Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense17.4M14.0M9.3M14.2M20.1M21.1M
Total Revenue785.4M789.0M958.1M1.0B1.6B1.6B
Gross Profit605.4M571.6M718.9M759.1M1.0B533.4M
Operating Income172.0M111.4M172.0M228.0M133.1M153.7M
Ebit172.0M115.5M180.4M236.3M165.4M163.4M
Research Development60.1M84.5M97.3M73.0M124.0M130.2M
Ebitda230.0M178.3M250.3M304.5M310.1M211.4M
Cost Of Revenue180.0M217.5M239.2M263.7M548.2M575.6M
Income Before Tax189.9M125.9M180.4M243.0M165.4M162.4M
Net Income155.2M102.3M149.2M190.2M122.9M117.3M
Income Tax Expense34.7M23.6M31.2M52.9M42.5M44.9M
Tax Provision34.7M23.6M31.2M52.9M42.5M34.9M
Net Interest Income17.4M14.0M9.3M14.2M20.1M13.5M

Globus Medical Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(50.0M)(50.1M)(12.0M)(61.7M)(70.3M)(66.8M)
Change In Cash56.0M43.7M(46.3M)(42.6M)316.8M332.7M
Free Cash Flow101.2M135.1M219.4M104.4M165.2M106.5M
Depreciation52.7M62.9M69.9M68.3M144.7M152.0M
Other Non Cash Items7.1M48.5M61.5M14.7M97.5M102.4M
Capital Expenditures70.8M63.7M56.9M74.0M78.3M49.9M
Net Income155.2M102.3M149.2M190.2M122.9M117.5M
End Period Cash Flow195.7M239.4M193.1M150.5M467.3M490.7M
Change To Netincome37.5M71.3M71.9M22.6M26.0M34.2M
Investments(45.7M)(20.2M)(284.6M)(4.9M)(78.1M)(82.0M)

Globus Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Globus Medical's current stock value. Our valuation model uses many indicators to compare Globus Medical value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Globus Medical competition to find correlations between indicators driving Globus Medical's intrinsic value. More Info.
Globus Medical is rated below average in return on equity category among its peers. It is rated # 4 in return on asset category among its peers reporting about  2.13  of Return On Asset per Return On Equity. At present, Globus Medical's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Globus Medical by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Globus Medical Systematic Risk

Globus Medical's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Globus Medical volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Beta measures systematic risk based on how returns on Globus Medical correlated with the market. If Beta is less than 0 Globus Medical generally moves in the opposite direction as compared to the market. If Globus Medical Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Globus Medical is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Globus Medical is generally in the same direction as the market. If Beta > 1 Globus Medical moves generally in the same direction as, but more than the movement of the benchmark.

Globus Medical Thematic Clasifications

Globus Medical is part of several thematic ideas from Baby Boomer Prospects to Obamacare. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Globus Medical Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Globus Medical's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Globus Medical growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.22)

At present, Globus Medical's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Globus Medical December 3, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Globus Medical help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Globus Medical. We use our internally-developed statistical techniques to arrive at the intrinsic value of Globus Medical based on widely used predictive technical indicators. In general, we focus on analyzing Globus Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Globus Medical's daily price indicators and compare them against related drivers.

Complementary Tools for Globus Stock analysis

When running Globus Medical's price analysis, check to measure Globus Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globus Medical is operating at the current time. Most of Globus Medical's value examination focuses on studying past and present price action to predict the probability of Globus Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Medical's price. Additionally, you may evaluate how the addition of Globus Medical to your portfolios can decrease your overall portfolio volatility.
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Fundamental Analysis
View fundamental data based on most recent published financial statements
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities