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Best Medical Devices stocks by quality

Of the 60 stocks listed here, 4 reach the maximum quality score. The median valuation of the group comes out at 25.4 times its free cash flow. Among those with the maximum score, the cheapest is Double Medical Technology (002901.SZ), at 22.8 times its free cash flow.

The Medical Devices stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1Stryker Corp (SYK)10/1030.2x
2STERIS plc (STE)10/1025.4x
3Dexcom Inc (DXCM)10/1026.0x
4Double Medical Technology Inc. (002901.SZ)10/1022.8x
5UFP Technologies Inc (UFPT)9/1040.4x
6Tactile Systems Technology Inc (TCMD)9/1021.4x
7Insulet Corp (PODD)9/1028.0x
8PolyNovo Limited (PNV.AX)9/1067.9x
9Penumbra Inc (PEN)9/1083.8x
10IRadimed Corp (IRMD)9/1054.5x
11Haemonetics Corp (HAE)9/1017.6x
12Getinge AB (publ) (GETI-B.ST)9/1027.7x
13Electromed Inc (ELMD)9/1052.2x
14A Plus Biotechnology Co., Ltd. (6918.TW)9/1014.7x
15Insight Lifetech Co., Ltd. (688712.SS)9/1095.9x
16APT Medical Inc. (688617.SS)9/1050.4x
17Sino Medical Sciences Technology Inc. (688108.SS)9/1059.0x
18Medprin Regenerative Medical Technologies Co., Ltd. (301033.SZ)9/1031.3x
19AK Medical Holdings Limited (1789.HK)9/1016.4x
20Star Sports Medicine Co., Ltd. (1609.HK)9/1030.5x
21Cofoe Medical Technology Co.,Ltd. (1187.HK)9/109.5x
22Siemens Healthineers AG (SHL.DE)8/1020.9x
23LivaNova PLC (LIVN)8/1040.4x
24InfuSystem Holdings Inc (INFU)8/1013.4x
25Globus Medical Inc (GMED)8/1014.9x
26Eckert & Ziegler SE (EUZ.DE)8/1024.8x
27Ambu A/S (AMBU-B.CO)8/1033.6x
28Colan Totte.Co.,Ltd. (7792.T)8/1019.1x
29Bonraybio Co., Ltd. (6955.TW)8/1046.2x
30Nanjing Vishee Medical Technology Co., Ltd (688580.SS)8/1067.9x
31Chison Medical Technologies Co., Ltd. (688358.SS)8/1034.1x
32Beijing Chunlizhengda Medical Instruments Co., Ltd. (688236.SS)8/1015.8x
33Shanghai MicroPort Endovascular MedTech Co., Ltd. (688016.SS)8/1038.1x
34InnoCare Optoelectronics Corporation (6861.TW)8/1038.2x
35Acotec Scientific Holdings Limited (6669.HK)8/1022.7x
36Shanghai HeartCare Medical Technology Corporation Limited (6609.HK)8/1012.5x
37Modern Dental Group Limited (3600.HK)8/1010.6x
38Cofoe Medical Technology Co.,Ltd. (301087.SZ)8/1020.8x
39Shenzhen New Industries Biomedical Engineering Co., Ltd. (300832.SZ)8/1033.4x
40Guangdong Transtek Medical Electronics Co., Ltd (300562.SZ)8/1022.0x
41Jafron Biomedical Co.,Ltd. (300529.SZ)8/1021.0x
42LEPU ScienTech Medical Technology (Shanghai) Co., Ltd. (2291.HK)8/1025.9x
43Zylox-Tonbridge Medical Technology Co., Ltd. (2190.HK)8/10n.d.
44MicroPort NeuroScientific Corporation (2172.HK)8/1025.9x
45Xtant Medical Holdings Inc (XTNT)7/1010.8x
46Viemed Healthcare Inc (VMD)7/1022.6x
47Tenon Medical Inc (TNON)7/10n.d.
48Transmedics Group Inc (TMDX)7/1025.6x
49Sonova Holding AG (SOON.SW)7/1019.4x
50Smith & Nephew PLC (SNN)7/105.6x
51Smith & Nephew plc (SN.L)7/1014.7x
52Rapid Micro Biosystems, Inc (RPID)7/10n.d.
53iRhythm Holdings, Inc (IRTC)7/10n.d.
54Inspire Medical Systems Inc (INSP)7/10n.d.
55EL.En. S.p.A. (ELN.MI)7/1022.1x
56Demant A/S (DEMANT.CO)7/1018.1x
57CleanSpace Holdings Limited (CSX.AX)7/1028.2x
58Brainsway Ltd (BWAY)7/10151.1x
59Bioventus Inc (BVS)7/1013.5x
60Boston Scientific Corp (BSX)7/1019.3x

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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