Over the last two decades, Edwards Lifesciences has demonstrated that it knows how to maintain leadership through innovation of tissue heart valves. Edwards remains the dominant force in surgical heart valves and minimally invasive valve therapy—one of the hottest areas in cardiac devices.
Edwards' efforts to focus on efficiency and higher-margin products have paid off, as gross margins increased from 47% in 2000 to 77% in 2023.
Edwards' ambitions to diversify into minimally invasive medical technologies place the firm in direct competition with much larger competitors, such as Medtronic and Abbott, which can easily bid up prices for emerging technologies that Edwards couldn't match.
|
Metric
|
EW
|
MDT
|
ABT
|
|---|---|---|---|
Price/Earnings (Normalized) | 35.88 | 14.65 | 24.60 |
Price/Book Value | 8.14 | 2.03 | 4.91 |
Price/Sales | 9.14 | 3.27 | 4.76 |
Price/Cash Flow | 38.59 | 14.43 | 19.62 |
|
Metric
|
EW
|
MDT
|
ABT
|
|---|---|---|---|
Quick Ratio | 2.08 | 1.46 | 1.16 |
Current Ratio | 3.38 | 2.30 | 1.64 |
Interest Coverage | 87.98 | 8.86 | 10.86 |
|
Metric
|
EW
|
MDT
|
ABT
|
|---|---|---|---|
Return on Assets (Normalized) | 17.13% | 7.75% | 10.63% |
Return on Equity (Normalized) | 24.32% | 13.75% | 20.87% |
Return on Invested Capital (Normalized) | 21.12% | 9.87% | 14.81% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
ABT
| Abbott Laboratories | Lzhpzjll | Dyqcmpm | $183.8 Bil | |
SYK
| Stryker Corp | Sxgfhrblr | Sfk | $127.8 Bil | |
MDT
| Medtronic PLC | Knzcvwbny | Xrmcnx | $105.0 Bil | |
BSX
| Boston Scientific Corp | Hkbmbcc | Bnmtmch | $99.9 Bil | |
DXCM
| DexCom Inc | Bmqvcbtbht | Jdh | $51.9 Bil | |
ZBH
| Zimmer Biomet Holdings Inc | Bvxcjsbm | Bps | $24.9 Bil | |
ALGN
| Align Technology Inc | Vffjlpvd | Xldgbk | $22.6 Bil | |
PHG
| Koninklijke Philips NV ADR | Rxptgwyp | Stsxgt | $18.2 Bil | |
PODD
| Insulet Corp | Pvnlynpyj | Tncnqc | $11.6 Bil |
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