Financial Analysis: LeMaitre Vascular (LMAT) vs. The Competition

LeMaitre Vascular (NASDAQ: LMAT) is one of 86 publicly-traded companies in the “Advanced Medical Equipment & Technology” industry, but how does it weigh in compared to its competitors? We will compare LeMaitre Vascular to related companies based on the strength of its profitability, risk, dividends, valuation, earnings, analyst recommendations and institutional ownership.

Institutional & Insider Ownership

68.3% of LeMaitre Vascular shares are held by institutional investors. Comparatively, 51.1% of shares of all “Advanced Medical Equipment & Technology” companies are held by institutional investors. 23.7% of LeMaitre Vascular shares are held by insiders. Comparatively, 18.7% of shares of all “Advanced Medical Equipment & Technology” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings and price targets for LeMaitre Vascular and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
LeMaitre Vascular 0 5 1 0 2.17
LeMaitre Vascular Competitors 267 1866 3349 107 2.59

LeMaitre Vascular presently has a consensus target price of $31.50, suggesting a potential downside of 1.59%. As a group, “Advanced Medical Equipment & Technology” companies have a potential downside of 8.08%. Given LeMaitre Vascular’s higher probable upside, analysts plainly believe LeMaitre Vascular is more favorable than its competitors.

Valuation and Earnings

This table compares LeMaitre Vascular and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
LeMaitre Vascular $89.15 million $10.59 million 41.57
LeMaitre Vascular Competitors $2.13 billion $221.25 million -0.90

LeMaitre Vascular’s competitors have higher revenue and earnings than LeMaitre Vascular. LeMaitre Vascular is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Dividends

LeMaitre Vascular pays an annual dividend of $0.22 per share and has a dividend yield of 0.7%. LeMaitre Vascular pays out 28.6% of its earnings in the form of a dividend. As a group, “Advanced Medical Equipment & Technology” companies pay a dividend yield of 0.8% and pay out 25.0% of their earnings in the form of a dividend. LeMaitre Vascular lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Profitability

This table compares LeMaitre Vascular and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
LeMaitre Vascular 15.81% 16.16% 14.03%
LeMaitre Vascular Competitors -299.57% -36.17% -12.71%

Risk and Volatility

LeMaitre Vascular has a beta of 0.55, indicating that its share price is 45% less volatile than the S&P 500. Comparatively, LeMaitre Vascular’s competitors have a beta of 1.51, indicating that their average share price is 51% more volatile than the S&P 500.

Summary

LeMaitre Vascular competitors beat LeMaitre Vascular on 8 of the 15 factors compared.

LeMaitre Vascular Company Profile

LeMaitre Vascular, Inc. is a provider of medical devices for the treatment of peripheral vascular disease. The Company develops, manufactures and markets medical devices and implants used primarily in the field of vascular surgery. It is engaged in the design, marketing, sales and technical support of medical devices and implants for the treatment of peripheral vascular disease industry segment. The Company’s product lines include valvulotomes, balloon catheters, carotid shunts, biologic vascular patches, radiopaque marking tape, anastomotic clips, remote endarterectomy devices, laparoscopic cholecystectomy devices, prosthetic vascular grafts, biologic vascular grafts and powered phlebectomy devices. Its portfolio of peripheral vascular devices consists of brand name products that are used in arteries and veins outside of the heart, including the Expandable LeMaitre Valvulotome, the Pruitt F3 Carotid Shunt, VascuTape Radiopaque Tape and the XenoSure biologic patch.

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