MASI Masimo Corporation
Exchange
NASDAQSector
Health CareIndustry
Biotechnology: Electromedical & Electrotherapeutic ApparatusMarket Cap.
1.267B
Inconsistent Net Profit Margins over the past 10 years
MASI potentially has a competitive advantage, however inconsistent profit margins are a cause for concern.
Look at reasons for this inconsistency to determine the likelihood of future sustainability.
$16.60 of every $100 of Revenue have been pure profit, on average over the past 10 years.
$16.60 of every $100 of Revenue have been pure profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Net Income | -182,000.00 | -6.89M | -3.84M | 33.38M | 181.83M | 42.26M | 31.93M | 53.23M | 73.53M | 63.70M |
| divided by | ||||||||||
| Revenue | 38.83M | 46.73M | 69.36M | 107.89M | 224.34M | 256.29M | 307.07M | 349.12M | 405.41M | 438.99M |
| Net Profit Margin | -0.47% | -14.75% | -5.54% | 30.94% | 81.05% | 16.49% | 10.40% | 15.25% | 18.14% | 14.51% |
Strong Pricing Power over the past 10 years
MASI has maintained substantial gross margins, suggesting that they have been able to set prices without consideration of the cost of goods sold.
This potentially leaves flexibility in inflationary environments to raise prices on consumers and maintain profitability.
$71.20 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
$71.20 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Gross Profit | 20.20M | 24.29M | 69.36M | 65.17M | 162.70M | 182.68M | 217.62M | 248.80M | 285.58M | 400.58M |
| divided by | ||||||||||
| Revenue | 38.83M | 46.73M | 69.36M | 107.89M | 224.34M | 256.29M | 307.07M | 349.12M | 405.41M | 438.99M |
| Gross Margin | 52.01% | 51.97% | 100.00% | 60.41% | 72.52% | 71.28% | 70.87% | 71.27% | 70.44% | 91.25% |
Low Capital Intensity over the past 10 years
MASI has consistently used a small portion of their Net Income buying new equipment or investing in new facilities.
This indicates that MASI may require minimal investment to stay competitive.
This leaves them with extra money to spend on growing their business and potentially buying back stock.
14.36% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
14.36% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Capital Expenditure | - | - | - | 6.41M | 6.97M | 6.97M | 9.38M | 3.64M | 9.56M | 7.51M |
| divided by | ||||||||||
| Net Income | -182,000.00 | -6.89M | -3.84M | 33.38M | 181.83M | 42.26M | 31.93M | 53.23M | 73.53M | 63.70M |
| Capital Expenditure Ratio | - | - | - | 19.21% | 3.83% | 16.49% | 29.36% | 6.83% | 13.00% | 11.79% |