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Steris PLC STE

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Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Steris Ends Fiscal Year on Solid Footing With Cantel Purchase About to Close; Shares Sensibly Priced

Aaron Degagne Equity Analyst

Analyst Note

| Aaron Degagne |

Narrow-moat Steris ended the fiscal year in transition with the Cantel acquisition expected to close on June 2. We are maintaining our fair value estimate at $182, and we view shares as fairly valued following the stock’s recent slide.

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Company Profile

Business Description

Steris is an Ireland-domiciled medical device 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 2015 inversion to Ireland, the firm continues to derive roughly 70% of revenue from its U.S. operations, 10% from the United Kingdom, and the remaining 20% from other international regions.

Contact
5960 Heisley Road
Mentor, OH, 44060
T +1 440 354-2600
Sector Healthcare
Industry Medical Devices
Most Recent Earnings Mar 31, 2021
Fiscal Year End Mar 31, 2022
Stock Type
Employees 13,000

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