CONMED Corporation (NASDAQ: CNMD) is one of 84 publicly-traded companies in the “Medical Equipment, Supplies & Distribution” industry, but how does it contrast to its competitors? We will compare CONMED Corporation to similar companies based on the strength of its earnings, institutional ownership, dividends, profitability, analyst recommendations, valuation and risk.

Profitability

This table compares CONMED Corporation and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
CONMED Corporation 2.02% 8.38% 3.66%
CONMED Corporation Competitors -128.77% -37.59% -10.60%

Volatility & Risk

CONMED Corporation has a beta of 0.68, indicating that its share price is 32% less volatile than the S&P 500. Comparatively, CONMED Corporation’s competitors have a beta of 1.08, indicating that their average share price is 8% more volatile than the S&P 500.

Dividends

CONMED Corporation pays an annual dividend of $0.80 per share and has a dividend yield of 1.5%. CONMED Corporation pays out 142.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Medical Equipment, Supplies & Distribution” companies pay a dividend yield of 0.8% and pay out 35.8% of their earnings in the form of a dividend.

Insider & Institutional Ownership

98.9% of CONMED Corporation shares are held by institutional investors. Comparatively, 63.4% of shares of all “Medical Equipment, Supplies & Distribution” companies are held by institutional investors. 2.6% of CONMED Corporation shares are held by insiders. Comparatively, 13.0% of shares of all “Medical Equipment, Supplies & Distribution” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Earnings and Valuation

This table compares CONMED Corporation and its competitors revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
CONMED Corporation $772.61 million $123.91 million 92.55
CONMED Corporation Competitors $827.05 million $159.46 million 33.79

CONMED Corporation’s competitors have higher revenue and earnings than CONMED Corporation. CONMED Corporation is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a summary of current recommendations and price targets for CONMED Corporation and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CONMED Corporation 0 3 1 0 2.25
CONMED Corporation Competitors 322 1477 2588 105 2.55

CONMED Corporation currently has a consensus target price of $49.33, indicating a potential downside of 4.82%. As a group, “Medical Equipment, Supplies & Distribution” companies have a potential upside of 5.18%. Given CONMED Corporation’s competitors stronger consensus rating and higher possible upside, analysts clearly believe CONMED Corporation has less favorable growth aspects than its competitors.

Summary

CONMED Corporation competitors beat CONMED Corporation on 9 of the 15 factors compared.

About CONMED Corporation

CONMED Corporation is a medical technology company. The Company is engaged in the development, manufacturing and sale on a global basis of surgical devices and related equipment. The Company provides surgical devices and equipment for minimally invasive procedures. The Company’s products are used by surgeons and physicians in a range of specialties, including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology. The Company’s product lines consist of orthopedic surgery, general surgery and surgical visualization. As of December 31, 2016, the Company’s products are distributed domestically directly to over 6,000 hospitals, surgery centers and other healthcare institutions, as well as through medical specialty distributors. The Company’s orthopedic surgery product lines include sports medicine, powered surgical instruments, and sports biologics and tissue. These products are marketed under a range of brands, including Hall, CONMED Linvatec, Concept and Shutt.

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