1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Wide-moat Medtronic posted solid fiscal fourth-quarter results that hinted at how management’s efforts over the last few years to reshape the organization and shift its portfolio toward faster growth are beginning to bear fruit. However, management’s tempered outlook for fiscal 2024 seems to have weighed on the shares. Considering that the firm finished the year very close to our expectations, we’re leaving our $112 fair value estimate unchanged.
One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for roughly 50% of the company's total sales.
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of MDT’s competitive advantage.
Medtronic PLC
XNYS: MDT
| Abbott Laboratories
XNYS: ABT
| Boston Scientific Corp
XNYS: BSX
| Johnson & Johnson
XNYS: JNJ
| |
Price
| 83.73 | 101.69 | 51.28 | 160.01 |
Currency
| USD | USD | USD | USD |
Change
| +$0.63 (0.76%) | +$0.91 (0.90%) | +$0.21 (0.41%) | −$0.25 (0.16%) |
Market Cap
| 111.43 Bil | 176.83 Bil | 73.73 Bil | 415.82 Bil |
Industry
| Medical Devices | Medical Devices | Medical Devices | Drug Manufacturers - General |
Sector
|
Healthcare
|
Healthcare
|
Healthcare
|
Healthcare
|
* Trading data in this section is delayed by at least 15 minutes.
Yes. MDT has a forward dividend yield of 3.30%.
See
MDT’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
MDT’s market cap is 111.43 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
MDT’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
MDT’s price/sales is 3.57.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
MDT’s price/forward earnings is 29.69.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
MDT’s price/book is 2.16.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See MDT’s valuation ratios compared to the Market Index.
MDT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare MDT’s historical performance against its industry peers and the overall market.
