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 23/2/21 16/2/22 1/3/23 28/2/24 25/2/25 27/2/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.42B
63.53x7.53x40.2x-.--% 12.52B
21.43x2.05x10.35x2.12% 6.57B
30.35x6.27x17.04x1.24% 5.83B
25.55x1.27x7.93x-.--% 4.75B
28.38x8.43x21.46x0.71% 4.25B
17.53x3.08x14.71x3.72% 4.02B
-10.03x2.31x-10.18x - 1.84B
-17.47x434.4x-75.43x-.--% 1.8B
20.19x2.4x9.72x2.15% 1.56B
Average 19.94x 51.97x 3.98x 1.24% 5.26B
Weighted average by Cap. 32.61x 22.96x 16.66x 1.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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