Subscribe Now
Forgot Password?

Weekly News, Analysis, and Commentary

Power Rankings

Power Rankings: May 5th, 2015

Robin Young’s Entirely Subjective Ordering of Public Orthopedic Companies

This Week: First quarter sales and earnings reports caused some shuffling in the Power Rankings. No firm reported particularly strong sales growth. A couple did report strong cash flow generation and impressive strategic initiative. Analysts and investors recalibrated their outlook for orthopedic equities. Overall, expectations appear to have moderated.

Rank Last Week Company TTM Op
Margin
30-Day Change
Comment
1
1
Stryker
22.78%
1.16%
Reported a solid first quarter despite unfavorable currency swings. Earnings beat so at these prices, still #1.
2
2
Orthofix
6.46
(14.32)
Yes, sales were down in Q4, but cash flow doubled. Reported EPS outlook might be lower, but cash outlook higher.
3
4
Integra LifeSciences
13.74
(4.22)
Spin off of SeaSpine just got a lot more exciting with the news that Keith Valentine will run the show.
4
5
MicroPort Scientific
(4.87)
11.30
Orthopedic revenues now account for 59% of MicroPort’s revenues from virtually nothing in 2013.
5
8
Alphatec
3.80
0.00
Modest 5% sales growth in Q1 but management expects to do better in the second half of 2015. Key, however, is cash flow.
6
7
Johnson & Johnson
28.44
0.05
Currency fluctuations brought what would have been a 1.8% orthopedic sales growth down to a decline of 4.7%.
7
3
Medtronic
27.92
(2.22)
Stealth Station, the original surgeon assist computer for spine, gets expanded indications from FDA.
8
6
Zimmer
30.35
(5.47)
Sales missed. Profits down 20%. Analysts are pulling their earnings estimates back. Still 30% operating margins are tops.
9
NR
Smith & Nephew
20.19
(0.18)
Integration of ArthroCare done. First quarter sales results stood out positively in comparison to other orthopedic companies.
10
NR
ConMed
10.41
(1.86)
First quarter sales were better than expected. Earnings worse than expected. Still work to do. Analysts generally supportive.

Top Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 RTI Biologics Inc RTIX $5.60 $320 11.33%
2 MicroPort Scientific 853 $0.56 $796 11.30%
3 TiGenix TIG.BR $0.79 $127 10.13%
4 Stryker SYK $92.24 $34,904 1.16%
5 Johnson & Johnson JNJ $99.20 $275,832 0.05%
6 Alphatec Holdings ATEC $1.42 $142 0.00%
7 Smith & Nephew SNN $33.89 $15,176 -0.18%
8 CryoLife CRY $10.20 $289 -0.78%
9 Bacterin Intl Holdings BONE $4.20 $28 -1.18%
10 Tornier N.V. TRNX $25.87 $1,267 -1.26%

Worst Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 Exactech EXAC $21.85 $305 -14.58%
2 Orthofix OFIX $32.31 $606 -14.23%
3 MiMedx Group MDXG $9.40 $998 -10.05%
4 Globus Medical GMED $23.89 $2,263 -7.40%
5 K2M Group Holdings KTWO $21.01 $833 -7.24%
6 Zimmer Holdings ZMH $109.84 $18,673 -5.47%
7 Aurora Spine ASG $0.96 $18 -4.85%
8 LDR Holding Corp. LDRH $33.85 $899 -4.59%
9 Integra LifeSciences IART $58.78 $1,927 -4.22%
10 Medtronic MDT $74.45 $106,096 -2.22%

Lowest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 Johnson & Johnson JNJ $99.20 $275,832 16.73
2 Globus Medical GMED $23.89 $2,263 18.30
3 Medtronic MDT $74.45 $106,096 18.62
4 Exactech EXAC $21.85 $305 18.84
5 Zimmer Holdings ZMH $109.84 $18,673 18.99

Highest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 NuVasive NUVA $44.73 $2,154 107.27
2 Orthofix OFIX $32.31 $606 95.01
3 MiMedx Group MDXG $9.40 $998 94.00
4 CryoLife CRY $10.20 $289 54.30
5 RTI Biologics Inc RTIX $5.60 $320 36.65

Lowest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 ConMed CNMD $50.23 $1,386 1.51
2 Globus Medical GMED $23.89 $2,263 1.51
3 CryoLife CRY $10.20 $289 1.81
4 Exactech EXAC $21.85 $305 2.12
5 Integra LifeSciences IART $58.78 $1,927 2.19

Highest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 NuVasive NUVA $44.73 $2,154 9.38
2 MiMedx Group MDXG $9.40 $998 6.27
3 Orthofix OFIX $32.31 $606 5.16
4 Smith & Nephew SNN $33.89 $15,176 4.74
5 Zimmer Holdings ZMH $109.84 $18,673 4.00

Lowest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 Alphatec Holdings ATEC $1.42 $142 0.69
2 Bacterin Intl Holdings BONE $4.20 $28 0.79
3 RTI Biologics Inc RTIX $5.60 $320 1.18
4 Exactech EXAC $21.85 $305 1.24
5 Orthofix OFIX $32.31 $606 1.51

Highest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 TiGenix TIG.BR $0.79 $127 15.17
2 MiMedx Group MDXG $9.40 $998 7.16
3 LDR Holding Corp. LDRH $33.85 $899 6.72
4 Medtronic MDT $74.45 $106,096 6.05
5 K2M Group Holdings KTWO $21.01 $833 5.29

PSR: Aggregate current market capitalization divided by aggregate sales and the calculation excluded the companies for which sales figures are not available.