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
31.83x4.29x16.61x2.32% 192B
20.57x3.56x12.52x3.28% 116B
17.2x0.2x12.44x0.76% 59.95B
31.77x7.93x20.18x1.25% 54.64B
37.93x3.42x11.71x2.14% 50B
36.4x6.41x20.11x-.--% 34.26B
46.2x1.31x12.01x0.16% 31.15B
41.08x7.2x25.83x0.26% 24.79B
20.67x3.12x11.69x1.41% 24.07B
Average 31.52x 4.16x 15.90x 1.29% 58.76B
Weighted average by Cap. 29.58x 4.03x 15.44x 1.86%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA