Company Valuation: Masimo Corporation

Data adjusted to current consolidation scope
Fiscal Period: January 2020 2021 2022 2023 2024 2025
Market Cap 1 14,776 15,731 7,676 5,769 9,168 6,843
Change - 6.47% -51.2% -24.85% 58.92% -25.36%
Enterprise Value (EV) 1 14,169 15,018 8,502 6,576 9,836 7,250
Change - 6% -43.39% -22.66% 49.59% -26.29%
P/E 64.8x 71.6x 56.2x 72.3x -29.9x -45.5x
PBR 10.5x 10.2x 5.73x 4.22x 8.73x 9.2x
PEG - -18.53x -1.6x -1.7x 0x 0.9x
Capitalization / Revenue 12.9x 12.7x 3.77x 2.82x 4.38x 4.48x
EV / Revenue 12.4x 12.1x 4.18x 3.21x 4.7x 4.75x
EV / EBITDA 49.8x 48.2x 23.7x 29.1x 75.2x 21x
EV / EBIT 55.5x 54.4x 37.5x 44.8x 354x 23.7x
EV / FCF 237x 69x -367x 208x 63.9x 22.9x
FCF Yield 0.42% 1.45% -0.27% 0.48% 1.56% 4.36%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 4.14 3.98 2.6 1.51 -5.72 -2.797
Distribution rate - - - - - -
Net sales 1 1,144 1,239 2,036 2,048 2,094 1,527
EBITDA 1 284.6 311.4 358.3 225.7 130.8 345.3
EBIT 1 255.3 275.8 226.6 146.7 27.8 306.5
Net income 1 240.3 229.6 143.5 81.5 -304.9 -151.5
Net Debt 1 -607.1 -712.6 825.9 807 668.5 407
Reference price 2 268.38 284.87 146.03 109.17 171.23 127.40
Nbr of stocks (in thousands) 55,055 55,222 52,565 52,841 53,541 53,714
Announcement Date 2/23/21 A 2/16/22 A 3/1/23 A 2/28/24 A 2/25/25 A 2/27/26 A
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.42B
72.02x7.57x44.17x-.--% 12.51B
20.32x2.06x10.12x2.19% 6.52B
36.22x1.7x10.6x-.--% 6.12B
27.61x5.69x15.41x1.38% 5.54B
33.08x9.78x24.7x0.61% 4.99B
17.83x2.98x15.48x3.49% 3.9B
-13.34x2.53x-23.06x - 1.94B
-17.65x426.71x-75.93x-.--% 1.71B
18.55x2.27x8.92x2.05% 1.57B
Average 21.63x 51.25x 3.38x 1.22% 5.42B
Weighted average by Cap. 36.06x 21.20x 17.66x 0.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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