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Steris PLC STE

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Stock XNYS Rating as of
$222.88 −0.34 (0.15%)
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As of Delayed Price Closed
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Company Report

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Steris: Narrow Moat Confirmed on Leadership in Sterilization That Positions It for Future Growth

Jay Lee,

We are refreshing our views on Steris and reaffirming our narrow moat rating with a $231 fair value estimate. The company's narrow moat comes from strong switching costs for its end users, namely healthcare providers, biopharma companies, and device manufacturers. We think that future product line expansions, as well as increased contract sterilization capacities, should support our mid- to high-single-digit revenue growth forecast over the next five years.

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Price vs Fair Value

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STE is trading at a 559% premium.
Price
$222.35
Fair Value
$392.00
Uncertainty
Medium
1-Star Price
$568.24
5-Star Price
$485.30
Economic Moat
Hcmnwl
Capital Allocation
Pgvnbct

Bulls Say, Bears Say

Bulls

Steris’ technological leadership in applied sterilization technologies, or AST, could attract new customers lacking the capacity to navigate the latest regulatory challenges.

Bears

Steris’ acquisitions may not always achieve promised synergies, especially for businesses operating in niche verticals like dental or renal.

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News

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Trading Information

Previous Close Price
$223.22
Day Range
$221.35–224.51
52-Week Range
$195.47–254.00
Bid/Ask
$219.99 / $226.32
Market Cap
$22.04 Bil
Volume/Avg
934,289 / 540,542

Key Statistics

Price/Earnings (Normalized)
25.74
Price/Sales
4.31
Dividend Yield (Trailing)
0.91%
Dividend Yield (Forward)
0.93%
Total Yield
0.96%

Company Profile

Steris is an Ireland-domiciled medical technology company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Additionally, Steris sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its inversion to Ireland, the firm derives approximately 70% of its revenue from Healthcare Services, 19% from Applied Sterilization Technologies, or AST, and 11% from life sciences services after the divestment of its dental products business.
Sector
Healthcare
Industry
Medical Devices
Stock Style Box
Mid Core
Total Number of Employees
18,179
Website
https://www.steris.com

Competitors

Valuation

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Metric
STE
GETI B
MDT
Price/Earnings (Normalized)
 25.7421.3015.04
Price/Book Value
 3.501.572.12
Price/Sales
 4.311.583.34
Price/Cash Flow
 19.7811.1714.89
Price/Earnings
STE
GETI B
MDT

Financial Strength

Metric
STE
GETI B
MDT
Quick Ratio
 1.271.001.46
Current Ratio
 2.431.692.30
Interest Coverage
 5.899.138.86
Quick Ratio
STE
GETI B
MDT

Profitability

Metric
STE
GETI B
MDT
Return on Assets (Normalized)
 7.71%4.79%7.75%
Return on Equity (Normalized)
 13.77%8.20%13.75%
Return on Invested Capital (Normalized)
 10.08%7.34%9.87%
Return on Assets
STE
GETI B
MDT
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