Medtronic Competitors

MDT Stock  USD 80.23  0.10  0.12%   
Medtronic PLC competes with Ensign, Select Medical, Encompass Health, Enhabit, and Pennant; as well as few others. The company runs under Health Care Equipment & Supplies sector within Health Care industry. Analyzing Medtronic PLC competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Medtronic PLC to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Medtronic PLC Correlation with its peers.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Medtronic PLC competition on your existing holdings.
  
Return On Tangible Assets is likely to gain to 0.18 in 2024, whereas Return On Capital Employed is likely to drop 0.05 in 2024. At this time, Medtronic PLC's Intangibles To Total Assets are comparatively stable compared to the past year.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medtronic PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
79.1980.2781.35
Details
Intrinsic
Valuation
LowRealHigh
72.2186.2287.30
Details
Naive
Forecast
LowNextHigh
77.5178.5979.68
Details
33 Analysts
Consensus
LowTargetHigh
82.3090.44100.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Medtronic PLC. Your research has to be compared to or analyzed against Medtronic PLC's peers to derive any actionable benefits. When done correctly, Medtronic PLC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Medtronic PLC.

Medtronic PLC Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Medtronic PLC and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Medtronic and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Medtronic PLC does not affect the price movement of the other competitor.
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High positive correlations   
PNTGSEM
PNTGEHC
EHCSEM
CCELEHC
CCELSEM
CCELPNTG
  
High negative correlations   
CCELNHC
NHCEHC
NHCPNTG
NHCSEM
NHCEHAB
EHABENSG

Risk-Adjusted Indicators

There is a big difference between Medtronic Stock performing well and Medtronic PLC Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Medtronic PLC's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Medtronic PLC and related stocks such as Ensign Group, Select Medical Holdings, and Encompass Health Corp Net Income Over Time
Select Fundamental
Price To Sales RatioDividend Yield
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201020112012201320142015201620172018201920202021202220232024
ENSG3.6 M47.7 M40.6 M24 M36 M55.4 M50 M40.5 M92.4 M110.5 M170.5 M194.7 M224.7 M209.4 M219.9 M
SEM(27.9 M)107.8 M148.2 M114.4 M120.6 M130.7 M115.4 M177.2 M137.8 M201 M259 M402.2 M159 M243.5 M150.2 M
EHC(1.5 M)208.7 M185 M323.6 M222 M183.1 M247.6 M256.3 M292.3 M358.7 M284.2 M412.2 M271 M352 M369.6 M
EHAB24 M24 M24 M24 M24 M24 M24 M24 M24 M24 M75 M111.1 M62.5 M(80.5 M)(76.5 M)
PNTG7.9 M7.9 M7.9 M7.9 M7.9 M7.9 M7.9 M9.9 M15.7 M2.5 M15.7 M2.1 M6.6 M13.4 M7.4 M
NHC17.7 M64.1 M58 M64.6 M53.4 M53.1 M50.5 M56.2 M59 M68.2 M41.9 M138.6 M22.4 M66.8 M43 M
CCEL600 K(6.3 M)27.4 K553.6 K8.1 M(1.3 M)2.3 M(854.8 K)2.3 M3.6 M2.1 M2.8 M(9.5 M)(10.9 M)(10.4 M)

Medtronic PLC and related stocks such as Ensign Group, Select Medical Holdings, and Encompass Health Corp Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Medtronic PLC financial statement analysis. It represents the amount of money remaining after all of Medtronic PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Medtronic PLC Competitive Analysis

The better you understand Medtronic PLC competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Medtronic PLC's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Medtronic PLC's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
MDT ENSG SEM EHC EHAB PNTG NHC CCEL
 0.12 
 80.23 
Medtronic
 0.49 
 118.69 
Ensign
 1.67 
 27.59 
Select
 0.30 
 80.73 
Encompass
 0.29 
 10.43 
Enhabit
 1.44 
 19.91 
Pennant
 1.31 
 87.97 
National
 1.80 
 7.08 
CryoCell
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(90 Days Market Risk)
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(90 Days Performance)
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(Probability Of Bankruptcy)
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(Equity Enterprise Value)
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(Average Analysts Consensus)
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(90 Days Macroaxis Advice)
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Medtronic PLC Competition Performance Charts

Five steps to successful analysis of Medtronic PLC Competition

Medtronic PLC's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Medtronic PLC in relation to its competition. Medtronic PLC's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Medtronic PLC in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Medtronic PLC's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Medtronic PLC, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Medtronic PLC position

In addition to having Medtronic PLC in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Real Estate theme has 61 constituents at this time.
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When determining whether Medtronic PLC is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Medtronic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Medtronic Plc Stock. Highlighted below are key reports to facilitate an investment decision about Medtronic Plc Stock:
Check out Medtronic PLC Correlation with its peers.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Medtronic PLC'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 Medtronic PLC. If investors know Medtronic 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 Medtronic PLC 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
0.078
Dividend Share
2.75
Earnings Share
3.15
Revenue Per Share
24.298
Quarterly Revenue Growth
0.047
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC'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 Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC'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 Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC'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.