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Weekly News, Analysis, and Commentary

Power Rankings

Power Rankings: December 15th, 2014

Robin Young’s Entirely Subjective Ordering of Public Orthopedic Companies

This Week:The market just delivered a big fat head fake. Last week’s 500 point drop was because oil is cheap? Really?? These falling oil prices are like tax breaks to businesses and consumers. They fatten up corporate profit margins (except the oil companies but somehow I think they can handle it) and put real dollars in consumer’s pockets just in front of Christmas. Honestly, the macroeconomics right now are terrific.

Rank Last Week Company TTM Op
Margin
30-Day Change
Comment
1
1
Stryker
11.52%
3.86%
Asia Pacific joint replacement sales to reach $6 billion by 2020. SYK’s China sub is in the right place, right time.
2
2
Medtronic
28.84
5.87
MDT’s China sales nearing $1 billion. Like SYK, MDT bought a leader in Chinese med devices (Kanghui). Right place. Right time.
3
6
ConMed
10.51
2.45
New CEO Hartmann asked CNMD to defer any one-time performance equity awards. Good move. Shows he is aligned with investors.
4
8
Integra LifeSciences
12.57
4.21
IART’s recent strategic announcements are proving to be more popular with investors than originally expected.
5
4
NuVasive
8.01
5.44
NUVA shares keep marching ever higher and higher. Trading volumes are running at 2-4x normal daily rates. Can’t go on forever.
6
3
Zimmer
29.12
0.42
$10,000 invested in Big Blue five years ago would be worth $19,954 today, that’s a 14.8% compound growth rate. Enough gas left to keep rising?
7
5
Smith & Nephew
19.92
-3.13
Investors are starting to question the inevitability of SYK or some other firm acquiring SNN.
8
7
Globus Medical
29.68
1.42
GMED trades unlike any other ortho stock. Why? Those industry leading profit margins. Makes GMED attractive yet expensive.
9
9
Johnson & Johnson
28.44
-3.97
Good news for JNJ, bad for MDT’s future partner. Covidien loses $176 million lawsuit to JNJ. Oops!
10
NR
Exactech
10.44
0.54
Wow! Great 10-year data for EXAC’s Equinoxe shoulder. More than 60,000 implanted.

Top Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 K2M Group Holdings KTWO $19.86 738 17.38%
2 MiMedx Group MDXG $10.99 1,175 7.32%
3 Orthofix 853 $30.65 565 6.24%
4 Medtronic MDT $72.52 71,383 5.87%
5 NuVasive NUVA $46.13 2,170 5.44%
6 CryoLife CRY $10.40 291 5.05%
7 Integra LifeSciences IART $50.26 1,648 4.21%
8 Aurora Spine ASG $1.27 20 4.15%
9 Stryker SYK $92.00 34,805 3.86%
10 ConMed CNMD $43.54 1,199 2.45%

Worst Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 Bacterin Intl Holdings BONE $2.83 19 -29.95%
2 TiGenix TIG.BR $0.63 101 -11.79%
3 LDR Holding Corp. LDRH $31.95 833 -11.27%
4 Alphatec Holdings ATEC $1.28 127 -9.86%
5 MicroPort Scientific 853 $0.46 660 -5.97%
6 Johnson & Johnson JNJ $104.43 292,311 -3.97%
7 Smith & Nephew SNN $32.48 14,508 -3.13%
8 Wright Medical WMGI $28.30 1,445 0.35%
9 Zimmer Holdings ZMH $111.34 18,856 0.42%
10 Exactech EXAC $22.32 308 0.54%

Lowest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 Johnson & Johnson JNJ $104.43 292,311 17.47
2 Medtronic MDT $72.52 71,383 18.16
3 Zimmer Holdings ZMH $111.34 18,856 19.20
4 Globus Medical GMED $23.49 2,301 19.32
5 Exactech EXAC $22.32 308 19.58

Highest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 MiMedx Group MDXG $10.99 1,175 1095.82
2 RTI Biologics Inc RTIX $5.18 295 433.73
3 Orthofix OFIX $30.65 565 195.81
4 NuVasive NUVA $46.13 2,170 119.07
5 CryoLife CRY $10.40 291 35.61

Lowest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 CryoLife CRY $10.40 291 1.19
2 Exactech EXAC $22.32 308 1.31
3 Globus Medical GMED $23.49 2,301 1.42
4 ConMed CNMD $43.54 1,199 1.87
5 Integra LifeSciences IART $50.26 1,648 1.98

Highest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 MiMedx Group MDXG $10.99 1,175 73.05
2 RTI Biologics Inc RTIX $5.18 295 28.92
3 Orthofix OFIX $30.65 565 10.64
4 NuVasive NUVA $46.13 2,170 10.42
5 Smith & Nephew SNN $32.48 14,508 3.10

Lowest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 Bacterin Intl Holdings BONE $2.83 19 0.55
2 Alphatec Holdings ATEC $1.28 127 0.62
3 RTI Biologics Inc RTIX $5.18 295 1.17
4 Exactech EXAC $22.32 308 1.25
5 Orthofix OFIX $30.65 565 1.42

Highest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 TiGenix TIG.BR $0.63 101 17.60
2 MiMedx Group MDXG $10.99 1,175 12.16
3 LDR Holding Corp. LDRH $31.95 833 7.46
4 Wright Medical WMGI $28.30 1,445 5.11
5 Globus Medical GMED $23.49 2,301 4.99

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