Financials Intuitive Surgical, Inc.
Equities
ISRG
US46120E6023
Advanced Medical Equipment & Technology
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | |
315.31 USD | +1.44% | -0.85% | +18.83% |
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Valuation
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Capitalization 1 | 54 693 | 68 321 | 96 172 | 128 355 | 93 771 | 109 438 | - | - |
Enterprise Value (EV) 1 | 51 968 | 67 154 | 94 550 | 127 064 | 92 189 | 104 777 | 103 121 | 100 704 |
P/E ratio | 50,5x | 51,2x | 92,8x | 77,1x | 72,7x | 69,3x | 58,1x | 48,3x |
Yield | - | - | - | - | - | - | - | - |
Capitalization / Revenue | 14,7x | 15,3x | 22,1x | 22,5x | 15,1x | 15,5x | 13,5x | 11,9x |
EV / Revenue | 14,0x | 15,0x | 21,7x | 22,3x | 14,8x | 14,8x | 12,8x | 11,0x |
EV / EBITDA | 31,3x | 35,0x | 54,6x | 48,4x | 37,1x | 37,8x | 32,1x | 27,5x |
EV / FCF | 52,9x | 57,3x | 82,7x | 73,2x | 96,2x | 64,9x | 49,1x | 39,2x |
FCF Yield | 1,89% | 1,75% | 1,21% | 1,37% | 1,04% | 1,54% | 2,04% | 2,55% |
Price to Book | 8,52x | 8,30x | 8,62x | 10,8x | 8,41x | 8,26x | 6,68x | 5,50x |
Nbr of stocks (in thousands) | 342 601 | 346 721 | 352 666 | 357 237 | 353 385 | 352 072 | - | - |
Reference price 2 | 160 | 197 | 273 | 359 | 265 | 315 | 315 | 315 |
Announcement Date | 24.01.19 | 23.01.20 | 21.01.21 | 20.01.22 | 24.01.23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 3 724 | 4 479 | 4 358 | 5 710 | 6 222 | 7 070 | 8 084 | 9 196 |
EBITDA 1 | 1 660 | 1 921 | 1 732 | 2 625 | 2 487 | 2 774 | 3 208 | 3 660 |
EBIT 1 | 1 537 | 1 785 | 1 515 | 2 315 | 2 149 | 2 403 | 2 792 | 3 260 |
Operating Margin | 41,3% | 39,9% | 34,8% | 40,5% | 34,5% | 34,0% | 34,5% | 35,4% |
Earnings before Tax (EBT) 1 | 1 280 | 1 502 | 1 207 | 1 890 | 1 607 | 2 086 | 2 538 | 3 010 |
Net income 1 | 1 128 | 1 379 | 1 061 | 1 705 | 1 322 | 1 626 | 1 921 | 2 297 |
Net margin | 30,3% | 30,8% | 24,3% | 29,9% | 21,3% | 23,0% | 23,8% | 25,0% |
EPS 2 | 3,16 | 3,85 | 2,94 | 4,66 | 3,65 | 4,55 | 5,43 | 6,52 |
Free Cash Flow 1 | 982 | 1 173 | 1 143 | 1 736 | 958 | 1 613 | 2 100 | 2 572 |
FCF margin | 26,4% | 26,2% | 26,2% | 30,4% | 15,4% | 22,8% | 26,0% | 28,0% |
FCF Conversion (EBITDA) | 59,2% | 61,1% | 66,0% | 66,1% | 38,5% | 58,2% | 65,5% | 70,3% |
FCF Conversion (Net income) | 87,1% | 85,0% | 108% | 102% | 72,5% | 99,2% | 109% | 112% |
Dividend per Share 2 | - | - | - | - | - | - | - | - |
Announcement Date | 24/01/19 | 23/01/20 | 21/01/21 | 20/01/22 | 24/01/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
Fiscal Period : December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales 1 | 1 464 | 1 403 | 1 551 | 1 488 | 1 522 | 1 557 | 1 655 | 1 696 | 1 756 | 1 744 | 1 877 | 1 893 | 2 000 | 2 003 | 2 156 |
EBITDA 1 | 706 | 652 | 669 | 611 | 611 | 637 | 628 | 627 | 710 | 732 | 726 | 740 | 795 | 806 | 842 |
EBIT 1 | 630 | 570 | 588 | 533 | 531 | 555 | 530 | 535 | 618 | 624 | 628 | 638 | 694 | 702 | 737 |
Operating Margin | 43,0% | 40,6% | 37,9% | 35,8% | 34,9% | 35,6% | 32,0% | 31,5% | 35,2% | 35,8% | 33,5% | 33,7% | 34,7% | 35,0% | 34,2% |
Earnings before Tax (EBT) 1 | 526 | 461 | 454 | 402 | 407 | 403 | 395 | 422 | 499 | 522 | 574 | 546 | 586 | 589 | 628 |
Net income 1 | 517 | 381 | 381 | 366 | 308 | 324 | 325 | 355 | 421 | 416 | 430 | 440 | 468 | 471 | 511 |
Net margin | 35,3% | 27,1% | 24,5% | 24,6% | 20,2% | 20,8% | 19,6% | 20,9% | 24,0% | 23,8% | 22,9% | 23,2% | 23,4% | 23,5% | 23,7% |
EPS 2 | 1,42 | 1,04 | 1,04 | 1,00 | 0,85 | 0,90 | 0,91 | 1,00 | 1,18 | 1,16 | 1,21 | 1,24 | 1,32 | 1,35 | 1,46 |
Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Announcement Date | 07/20/21 | 10/19/21 | 01/20/22 | 04/21/22 | 07/21/22 | 10/18/22 | 01/24/23 | 04/18/23 | 07/20/23 | 10/19/23 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | - | - | - | - | - | - | - | - |
Net Cash position 1 | 2 725 | 1 168 | 1 623 | 1 291 | 1 581 | 4 661 | 6 317 | 8 734 |
Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
Free Cash Flow 1 | 982 | 1 173 | 1 143 | 1 736 | 958 | 1 613 | 2 100 | 2 572 |
ROE (net income / shareholders' equity) | 22,8% | 20,4% | 13,6% | 16,8% | 14,7% | 15,3% | 15,0% | 14,7% |
Shareholders' equity 1 | 4 951 | 6 770 | 7 805 | 10 159 | 8 997 | 10 641 | 12 833 | 15 597 |
ROA (Net income/ Total Assets) | 19,2% | 17,4% | 11,7% | 14,7% | 13,2% | 13,0% | 12,5% | 12,1% |
Assets 1 | 5 887 | 7 949 | 9 065 | 11 607 | 9 995 | 12 521 | 15 338 | 18 923 |
Book Value Per Share 2 | 18,7 | 23,7 | 31,6 | 33,3 | 31,5 | 38,1 | 47,2 | 57,3 |
Cash Flow per Share 2 | 3,28 | 4,46 | 4,11 | 5,71 | 4,12 | 6,33 | 7,65 | 8,71 |
Capex 1 | 187 | 426 | 342 | 354 | 532 | 887 | 735 | 711 |
Capex / Sales | 5,03% | 9,50% | 7,84% | 6,19% | 8,56% | 12,5% | 9,10% | 7,73% |
Announcement Date | 01/24/19 | 01/23/20 | 01/21/21 | 01/20/22 | 01/24/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B-
Sell
Buy

Mean consensus
OUTPERFORM
Number of Analysts
31
Last Close Price
315.20USD
Average target price
326.63USD
Spread / Average Target
+3.63%
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+18.83% | 109 B $ | |
-9.91% | 192 B $ | |
-15.80% | 165 B $ | |
+21.33% | 81 878 M $ | |
+13.76% | 64 423 M $ | |
-8.19% | 49 296 M $ | |
-8.38% | 41 066 M $ | |
-13.94% | 37 333 M $ | |
+18.89% | 31 166 M $ | |
-23.30% | 23 201 M $ |
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