Subscribe Now
Forgot Password?

Weekly News, Analysis, and Commentary

Power Rankings

Power Rankings: March 23rd, 2015

Robin Young’s Entirely Subjective Ordering of Public Orthopedic Companies

This Week: AAOS and ORS happen this week in Vegas. This is THE meeting for practitioners and companies. On which vector is orthopedics heading? Here’s a clue. Three out of four of this year’s award winning research papers are about either preventing arthritis, regenerating cartilage or engineering dense connective tissues. Not a metal implant in sight. The fourth award winner was about adolescent idiopathic scoliosis.

Rank Last Week Company TTM Op
Margin
30-Day Change
Comment
1
1
Integra LifeSciences
12.57%
8.91%
IART is up 34% in the last 12 months. Up 58% in the last 24 months. And it is STILL the least expensive equity in Ortho.
2
4
ConMed
10.51
3.12
YIKES! Zacks downgraded CNMD to a “strong sell” last week. Why?—4th quarter results disappointed. But that’s really not the story at CNMD.
3
3
Exactech
10.44
12.9
In contrast to ConMed, EXAC got a new “Buy” rating last week from Gabelli & Co. Stock pops nicely.
4
2
Alphatec
0.33
0
All the recent gains are gone. Investors want to see if the Q4 cash flow report is durable. We think it is.
5
9
Johnson & Johnson
28.44
2.44
Four years have passed since DePuy bought Synthes, integration is a distant memory. This should be DePuy/Synthes best AAOS since 2011.
6
5
MicroPort Scientific
16.53
2.06
We can’t wait to visit the new MicroPort Scientific booth at AAOS. This is a very interesting company—more than most realize.
7
6
Stryker
11.52
-1.68
This isn’t your father’s Stryker anymore. How much of the AAOS booth will be devoted to MAKOplasty?
8
8
Medtronic
28.84
-0.61
Seriously, maybe it’s time for Medtronic to consider spinning off spine. MDT’s P/E is 20x. NUVA and GMED average 32x.
9
7
Zimmer
29.12
-1.28
European authorities to clear Zimmer’s $13 billion purchase of Biomet. Still separate companies at AAOS? Probably and confusing.
10
10
Orthofix
7.46
-1.22
What’s new at Orthofix? Certainly not financial statements. Still waters run deep. So, hopefully OFIX’s AAOS booth will be chocked full of new stuff.

Top Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 Bacterin Intl Holdings BONE $4.20 $28 35.48%
2 K2M Group Holdings KTWO $22.39 $887 15.47%
3 Exactech EXAC $25.30 $353 12.90%
4 MiMedx Group MDXG $9.89 $1,054 9.65%
5 Integra LifeSciences IART $61.99 $2,032 8.91%
6 ConMed CNMD $51.88 $1,430 3.12%
7 Johnson & Johnson JNJ $102.40 $284,729 2.44%
8 MicroPort Scientific 853 $0.46 $647 2.06%
9 Tornier N.V. TRNX $26.14 $1,281 1.40%
10 Alphatec Holdings ATEC $1.35 $135 0.00%

Worst Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 Aurora Spine ASG $1.08 $20 -13.14%
2 TiGenix TIG.BR $0.75 $121 -11.98%
3 CryoLife CRY $10.12 $285 -6.47%
4 Smith & Nephew SNN $34.27 $15,347 -6.37%
5 NuVasive NUVA $45.60 $2,196 -4.38%
6 RTI Biologics Inc RTIX $5.16 $295 -2.82%
7 LDR Holding Corp. LDRH $37.76 $1,002 -1.95%
8 Stryker SYK $93.65 $35,491 -1.68%
9 Wright Medical WMGI $25.63 $1,316 -1.31%
10 Zimmer Holdings ZMH $118.76 $20,178 -1.28%

Lowest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 Johnson & Johnson JNJ $102.40 $284,729 17.15
2 Globus Medical GMED $24.61 $2,331 18.85
3 Medtronic MDT $78.02 $111,184 19.51
4 Zimmer Holdings ZMH $118.76 $20,178 20.35
5 Stryker SYK $93.65 $35,491 21.58

Highest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 Orthofix OFIX $31.67 $584 202.32
2 MiMedx Group MDXG $9.89 $1,054 197.80
3 NuVasive NUVA $45.60 $2,196 109.35
4 RTI Biologics Inc RTIX $5.16 $295 97.76
5 CryoLife CRY $10.12 $285 46.86

Lowest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 Globus Medical GMED $24.61 $2,331 1.44
2 CryoLife CRY $10.12 $285 1.56
3 ConMed CNMD $51.88 $1,430 1.57
4 Medtronic MDT $78.02 $111,184 2.39
5 Integra LifeSciences IART $61.99 $2,032 2.43

Highest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 MiMedx Group MDXG $9.89 $1,054 13.19
2 Orthofix OFIX $31.67 $584 11.00
3 NuVasive NUVA $45.60 $2,196 9.57
4 RTI Biologics Inc RTIX $5.16 $295 6.52
5 Smith & Nephew SNN $34.27 $15,347 4.50

Lowest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 Alphatec Holdings ATEC $1.35 $135 0.65
2 Bacterin Intl Holdings BONE $4.20 $28 0.79
3 RTI Biologics Inc RTIX $5.16 $295 1.12
4 Exactech EXAC $25.30 $353 1.42
5 Orthofix OFIX $31.67 $584 1.47

Highest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 TiGenix TIG.BR $0.75 $121 14.47
2 MiMedx Group MDXG $9.89 $1,054 8.92
3 LDR Holding Corp. LDRH $37.76 $1,002 7.50
4 Medtronic MDT $78.02 $111,184 6.35
5 K2M Group Holdings KTWO $22.39 $887 5.63

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