Globus Medical Stock Net Income
| GMED Stock | USD 50.75 0.45 0.88% |
Globus Medical fundamentals help investors to digest information that contributes to Globus Medical's financial success or failures. It also enables traders to predict the movement of Globus Stock. The fundamental analysis module provides a way to measure Globus Medical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Globus Medical stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 122.9 M | 117.5 M | |
| Net Income Applicable To Common Shares | 218.7 M | 120.8 M | |
| Net Income From Continuing Ops | 122.9 M | 131.6 M | |
| Net Income Per Share | 1.09 | 0.90 | |
| Net Income Per E B T | 0.74 | 0.57 |
Globus | Net Income |
Globus Medical Company Net Income Analysis
Globus Medical's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Globus Medical Net Income | 122.87 M |
Most of Globus Medical's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Globus Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Globus Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Globus Medical is extremely important. It helps to project a fair market value of Globus Stock properly, considering its historical fundamentals such as Net Income. Since Globus Medical's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Globus Medical's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Globus Medical's interrelated accounts and indicators.
Globus Net Income Historical Pattern
Today, most investors in Globus Medical Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Globus Medical's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's net income growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Globus Medical net income as a starting point in their analysis.
Globus Medical Net Income |
| Timeline |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Globus Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Globus Medical reported net income of 122.87 M. This is 64.0% lower than that of the Health Care Equipment & Supplies sector and 48.4% lower than that of the Health Care industry. The net income for all United States stocks is 78.48% higher than that of the company.
Globus Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Globus Medical's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Globus Medical could also be used in its relative valuation, which is a method of valuing Globus Medical by comparing valuation metrics of similar companies.Globus Medical is currently under evaluation in net income category among related companies.
Globus Medical Institutional Holders
Institutional Holdings refers to the ownership stake in Globus Medical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Globus Medical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Globus Medical's value.| Shares | Champlain Investment Partners, Llc | 2023-12-31 | 2 M | Geode Capital Management, Llc | 2023-12-31 | 1.9 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.8 M | Norges Bank | 2023-12-31 | 1.8 M | Gw&k Investment Management, Llc | 2023-12-31 | 1.8 M | Burgundy Asset Management Ltd | 2023-12-31 | 1.7 M | Marshall Wace Asset Management Ltd | 2023-12-31 | 1.6 M | Van Berkom And Associates Inc | 2023-12-31 | 1.6 M | Geneva Capital Management | 2023-12-31 | 1.4 M | Vanguard Group Inc | 2023-12-31 | 11.3 M | Blackrock Inc | 2023-12-31 | 10.8 M |
Globus Fundamentals
| Return On Equity | 0.0421 | ||||
| Return On Asset | 0.0477 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.13 % | ||||
| Current Valuation | 6.87 B | ||||
| Shares Outstanding | 112.94 M | ||||
| Shares Owned By Insiders | 0.79 % | ||||
| Shares Owned By Institutions | 96.98 % | ||||
| Number Of Shares Shorted | 7.76 M | ||||
| Price To Earning | 73.16 X | ||||
| Price To Book | 1.75 X | ||||
| Price To Sales | 4.46 X | ||||
| Revenue | 1.57 B | ||||
| Gross Profit | 759.12 M | ||||
| EBITDA | 401.03 M | ||||
| Net Income | 122.87 M | ||||
| Cash And Equivalents | 408.01 M | ||||
| Cash Per Share | 4.10 X | ||||
| Total Debt | 520.4 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 6.10 X | ||||
| Book Value Per Share | 29.32 X | ||||
| Cash Flow From Operations | 243.5 M | ||||
| Short Ratio | 7.36 X | ||||
| Earnings Per Share | 1.07 X | ||||
| Price To Earnings To Growth | 1.75 X | ||||
| Target Price | 61.46 | ||||
| Number Of Employees | 5 K | ||||
| Beta | 1.1 | ||||
| Market Capitalization | 6.87 B | ||||
| Total Asset | 5.09 B | ||||
| Retained Earnings | 1.14 B | ||||
| Working Capital | 1.52 B | ||||
| Current Asset | 544.8 M | ||||
| Current Liabilities | 82.69 M | ||||
| Net Asset | 5.09 B |
About Globus Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Globus Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Globus Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Globus Medical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Globus Medical Investors Sentiment
The influence of Globus Medical's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Globus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Globus Medical's public news can be used to forecast risks associated with an investment in Globus. The trend in average sentiment can be used to explain how an investor holding Globus can time the market purely based on public headlines and social activities around Globus Medical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Globus Medical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Globus Medical's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Globus Medical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Globus Medical.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Globus Medical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Globus Medical's short interest history, or implied volatility extrapolated from Globus Medical options trading.
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Try AI Portfolio ArchitectCheck out Globus Medical Piotroski F Score and Globus Medical Altman Z Score analysis. For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.Note that the Globus Medical information on this page should be used as a complementary analysis to other Globus Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Globus Stock analysis
When running Globus Medical's price analysis, check to measure Globus Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globus Medical is operating at the current time. Most of Globus Medical's value examination focuses on studying past and present price action to predict the probability of Globus Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Medical's price. Additionally, you may evaluate how the addition of Globus Medical to your portfolios can decrease your overall portfolio volatility.
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Is Globus Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globus Medical. If investors know Globus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globus Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Earnings Share 1.07 | Revenue Per Share 13.87 | Quarterly Revenue Growth 1.246 | Return On Assets 0.0477 |
The market value of Globus Medical is measured differently than its book value, which is the value of Globus that is recorded on the company's balance sheet. Investors also form their own opinion of Globus Medical's value that differs from its market value or its book value, called intrinsic value, which is Globus Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globus Medical's market value can be influenced by many factors that don't directly affect Globus Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globus Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.