Artivion, Inc. (AORT) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E against the industry

Needs positive earnings and enough profitable companies in the industry.

EV/EBITDA above its 5-year median

Artivion's EV/EBITDA of 34.8 is above its 5-year median of 32.3.

P/B below the industry

Artivion's price-to-book of 2.20 is below the Surgical, Medical, and Dental Instruments and Supplies median of 3.20.

Trading above fair value

The share price of $20.10 is above our fair value estimate of $15.69.

Margin of safety under 20%

The price is 28.1% above fair value, so there is no margin of safety.

Revenue growing 10%+ a year

Revenue grew 12.0% a year over the last three fiscal years.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 14.0% over the last twelve months; the Surgical, Medical, and Dental Instruments and Supplies median is 11.0%.

Guidance lowered

Artivion lowered its full year 2026 adjusted EBITDA outlook on Aug 6, 2026.

Gross margin slipping

Gross margin was 63.3% over the last twelve months, against 64.5% a year earlier.

Return on equity under 15%

Return on equity was -4.0% over the last twelve months and averaged -4.8% over five years; we look for 15% on both.

Return on capital under 10%

Return on invested capital was 1.3%, below the 10% that usually covers the cost of capital.

Return on equity above the industry

Artivion's return on equity of -4.0% is above the Surgical, Medical, and Dental Instruments and Supplies median of -32.4%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin above its 5-year average

Net margin was -3.7% over the last twelve months, against a 5-year average of -4.2%.

Net margin above the industry

Artivion's net margin of -3.7% is above the Surgical, Medical, and Dental Instruments and Supplies median of -14.1%.

High debt

Debt is 81.5% of shareholders' equity, above the 40% we consider low.

Debt falling against equity

Debt to equity fell from 88.7% five years ago to 81.5%.

Debt not well covered by cash flow

Operating cash flow over the last twelve months equals 4.1% of total debt; we look for at least 20%.

Interest not well covered

Operating income covers interest expense 0.4 times; we look for at least 5.

Short-term assets cover short-term debts

Current assets are 4.42 times current liabilities.

Elevated bankruptcy risk

The Altman Z-score is 1.69; above 3 is the safe zone and below 1.8 the distress zone.

No dividend

Artivion has not paid a dividend in the last twelve months.

Yield against Treasuries

No dividend.

Yield against the market

No dividend.

Dividend stability

No dividend.

Earnings cover

No dividend.

Cash-flow cover

No dividend.