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Weekly News, Analysis, and Commentary

Power Rankings

Power Rankings: January 16th, 2017

Robin Young's Entirely Subjective Ordering of Public Orthopedic Companies

This Week: Buy on rumor, sell on news. This week, that means buy in anticipation of a pro-business Trump presidency (Trump rally) and then sell on the reality of a Trump presidency. Most negative headlines to start the week are focused on Trump’s inauguration with Fed Reserve Chief Yeltsin’s talks delivering the knock-out punch.

Rank Last Week Company TTM Op
Margin
30-Day Change
Comment
1
1
Globus Medical
29.72%
15.66%
GMED pre-announced strong sales for the final quarter of 2016. Sales rose 6.3%, which was notably higher than the full year’s 3.5%.
2
3
Zimmer Biomet
23.86
10.11
Very nice bounce back from Q3. ZBH announced that Q4 sales rose 4.1% to $2 billion. Better than expected.
3
4
Medtronic
20.54
3.05
MDT announced a whopping $5 billion stock buyback program. It’s an implied dividend, folks.
4
5
Stryker
22.69
5.67
Everyone is pre-announcing these days. Usually a good sign. SYK no exception. Sales up 16.3% to $3.2 billion. Niiice.
5
2
Integra LifeSciences
15.21
2.51
IART buys Derma Sciences for $204 million. Adds amniotic tissues to its product line. Investors not impressed.
6
6
Smith & Nephew
18.40
3.44
No pre-announcements for Smith & Nephew. Most analysts are expecting just 1.50% sales growth for the fourth quarter.
7
8
Exactech
9.20
2.21
Also no pre-announcement, but analysts are more bullish on EXAC—forecasting a 5.60% sales growth rate for Q4.
8
7
ConMed
9.90
0.02
Rebuilding ConMed’s orthopedic franchise is taking longer than expected. Can Q4 be better than Q3? We’ll know soon.
9
10
Orthofix
9.02
(0.35)
Q3 was a disappointment, but Q4 is a reassuring turn around. Sales are up 3.7% in Q4, 3.4% for the full year.
10
9
Johnson & Johnson
27.98
(0.34)
Q4, expect analysts, saw sales increase by a notably modest 2.50%—which is even less than JNJ’s annual dividend yield.

Top Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 Pacira PCRX $39.70 $1,485 28.90%
2 Nevro Corp NVRO $87.97 $2,530 16.16%
3 Globus Medical GMED $27.32 $2,617 15.66%
4 K2M Group Hldgs KTWO $22.29 $941 12.52%
5 SeaSpine Hldgs Corp SPNE $7.76 $87 10.38%
6 Zimmer Biomet ZBH $115.20 $23,075 10.11%
7 Wright Med Grp N.V WMGI $25.23 $2,606 8.42%
8 Amedica Corp AMDA $0.68 $18 6.74%
9 Stryker SYK $122.92 $46,028 5.67%
10 NuVasive NUVA $70.35 $3,542 5.47%

Worst Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 TiGenix TIG.BR $0.76 $189 -16.88%
2 Alphatec Holdings ATEC $3.55 $32 -13.20%
3 Aurora Spine ASG $0.14 $4 -9.40%
4 MiMedx Group MDXG $8.77 $960 -4.57%
5 RTI Biologics Inc RTIX $3.30 $193 -1.49%
6 Xtant Medical Hldgs XTNT $0.58 $10 -1.17%
7 Orthofix OFIX $37.01 $660 -0.35%
8 Johnson & Johnson JNJ $114.60 $311,773 -0.34%
9 ConMed CNMD $44.85 $1,248 0.02%
10 CryoLife CRY $19.15 $629 1.32%

Lowest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 Globus Medical GMED $27.32 $2,617 17.42
2 Johnson & Johnson JNJ $114.60 $311,773 18.60
3 Medtronic MDT $75.09 $103,102 21.94
4 Exactech EXAC $27.80 $394 22.02
5 Stryker SYK $122.92 $46,028 24.33

Highest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 NuVasive NUVA $70.35 $3,542 85.87
2 MiMedx Group MDXG $8.77 $960 65.01
3 CryoLife CRY $19.15 $629 50.28
4 RTI Biologics Inc RTIX $3.30 $193 36.42
5 Integra LifeSciences IART $42.49 $3,177 35.91

Lowest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 Globus Medical GMED $27.32 $2,617 1.53
2 CryoLife CRY $19.15 $629 1.68
3 Orthofix OFIX $37.01 $660 1.73
4 Exactech EXAC $27.80 $394 2.16
5 ConMed CNMD $44.85 $1,248 2.35

Highest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 Smith & Nephew SNN $30.64 $13,419 5.95
2 NuVasive NUVA $70.35 $3,542 5.37
3 MiMedx Group MDXG $8.77 $960 4.33
4 Zimmer Biomet ZBH $115.20 $23,075 3.17
5 Integra LifeSciences IART $42.49 $3,177 2.90

Lowest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 Xtant Medical Hldgs XTNT $0.58 $10 0.17
2 Alphatec Holdings ATEC $3.55 $32 0.17
3 Aurora Spine ASG $0.14 $4 0.64
4 SeaSpine Hldgs Corp SPNE $7.76 $87 0.65
5 RTI Biologics Inc RTIX $3.30 $193 0.68

Highest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 TiGenix TIG.BR $0.76 $189 84.42
2 Nevro Corp NVRO $87.97 $2,530 36.35
3 Wright Med Grp N.V WMGI $25.23 $2,606 6.27
4 Pacira PCRX $39.70 $1,485 5.96
5 MiMedx Group MDXG $8.77 $960 5.13

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