Stryker Corporation
Find Ratings ReportsSTRYKER CORP's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. STRYKER CORP has weak liquidity. Currently, the Quick Ratio is 0.86 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 11.89% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 5815.0 | 5202.0 |
EBITDA ($mil) | 1685.0 | 1481.0 |
EBIT ($mil) | 1435.0 | 1228.0 |
Net Income ($mil) | 1143.0 | 563.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3053.0 | 1928.0 |
Total Assets ($mil) | 39912.0 | 36884.0 |
Total Debt ($mil) | 13494.0 | 13526.0 |
Equity ($mil) | 18593.0 | 16616.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 65.59 | 64.55 |
EBITDA Margin | 28.97 | 28.46 |
Operating Margin | 24.68 | 23.61 |
Sales Turnover | 0.51 | 0.5 |
Return on Assets | 7.92 | 6.39 |
Return on Equity | 17.02 | 14.19 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.58 | 1.63 |
Debt/Capital | 0.42 | 0.45 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 380.1 | 378.7 |
Div / share | 0.8 | 0.75 |
EPS | 2.98 | 1.47 |
Book value / share | 48.92 | 43.88 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1351095.0 | 1610750.0 |
BUY. STRYKER CORP's P/E ratio indicates a discount compared to an average of 49.88 for the Miscellaneous Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 7.27 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 4.96. The current price-to-sales ratio is well above the S&P 500 average and above the subsector average, indicating a premium.
Price/Earnings |
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Price/Cash Flow |
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SYK 43.11 | Peers 49.88 | SYK 36.43 | Peers 33.16 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. SYK is trading at a discount to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. SYK is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SYK 26.74 | Peers 24.07 | SYK 0.99 | Peers 0.91 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. SYK is trading at a premium to its peers. |
Average. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. SYK trades at a valuation on par to its peers. |
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Price/Book |
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Earnings Growth |
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SYK 7.27 | Peers 4.96 | SYK 33.71 | Peers 126.83 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. SYK is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, SYK is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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SYK 6.59 | Peers 6.41 | SYK 11.10 | Peers 8.91 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. SYK is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. SYK has a sales growth rate that exceeds its peers. |
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