Company Valuation: SurModics

Data adjusted to current consolidation scope
Fiscal Period: September 2019 2020 2021 2022 2023 2024
Market Cap 1 617.1 531.1 771.3 425.8 453.6 553.3
Change - -13.93% 45.22% -44.8% 6.53% 21.98%
Enterprise Value (EV) 1 561.8 473.8 746.1 421.6 441.5 546.4
Change - -15.66% 57.47% -43.5% 4.72% 23.77%
P/E 83.2x 486x 185x -15.5x -292x -47.3x
PBR 5.04x 4.06x 5.52x 3.93x 3.79x 4.67x
PEG - -5.7x 1x 0x 3.1x -0x
Capitalization / Revenue 6.17x 5.6x 7.34x 4.26x 3.42x 4.39x
EV / Revenue 5.61x 4.99x 7.1x 4.22x 3.33x 4.33x
EV / EBITDA 39.6x 78.8x 61.3x -32.6x 31.3x 81x
EV / EBIT 81.9x -379x 180x -19.1x 78.8x -281x
EV / FCF -39.1x 67.3x 150x -62.6x 31.3x 79.6x
FCF Yield -2.56% 1.49% 0.67% -1.6% 3.2% 1.26%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.55 0.08 0.3 -1.96 -0.11 -0.82
Distribution rate - - - - - -
Net sales 1 100.1 94.86 105.1 99.95 132.6 126.1
EBITDA 1 14.17 6.012 12.17 -12.94 14.12 6.749
EBIT 1 6.857 -1.251 4.155 -22.08 5.603 -1.945
Net income 1 7.592 1.123 4.237 -27.27 -1.536 -11.54
Net Debt 1 -55.29 -57.32 -25.16 -4.192 -12.1 -6.87
Reference price 2 45.74 38.91 55.60 30.40 32.09 38.78
Nbr of stocks (in thousands) 13,491 13,650 13,872 14,005 14,134 14,267
Announcement Date 03/12/19 02/12/20 24/11/21 23/11/22 22/11/23 20/11/24
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 615M
22.8x3.43x12.87x2.76% 161B
17.95x3.16x11.13x3.74% 101B
15.86x0.18x11.37x0.82% 56.12B
32.74x7.95x20.8x1.23% 53.35B
38.1x3.02x10.38x2.52% 42.13B
39.95x1.44x12.67x0.2% 35.29B
28.13x5.01x15.96x-.--% 26.57B
43.35x7.52x27.13x0.25% 25.79B
23.36x3.42x12.28x1.24% 20.69B
Average 29.14x 3.90x 14.96x 1.42% 52.25B
Weighted average by Cap. 25.83x 3.60x 13.80x 2.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA