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CONMED Corporation (CNMD)

Upturn stock ratingUpturn stock rating
$53.73
Last Close (24-hour delay)
Profit since last BUY-3.73%
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Upturn Advisory Summary

08/28/2025: CNMD (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

6 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $61

1 Year Target Price $61

Analysts Price Target For last 52 week
$61 Target price
52w Low $45.83
Current$53.73
52w High $77.23

Analysis of Past Performance

Type Stock
Historic Profit -44.41%
Avg. Invested days 23
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.68B USD
Price to earnings Ratio 15.36
1Y Target Price 61
Price to earnings Ratio 15.36
1Y Target Price 61
Volume (30-day avg) 6
Beta 1.17
52 Weeks Range 45.83 - 77.23
Updated Date 08/29/2025
52 Weeks Range 45.83 - 77.23
Updated Date 08/29/2025
Dividends yield (FY) 1.49%
Basic EPS (TTM) 3.54

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 8.31%
Operating Margin (TTM) 10.62%

Management Effectiveness

Return on Assets (TTM) 4.03%
Return on Equity (TTM) 11.69%

Valuation

Trailing PE 15.36
Forward PE 27.03
Enterprise Value 2511100161
Price to Sales(TTM) 1.27
Enterprise Value 2511100161
Price to Sales(TTM) 1.27
Enterprise Value to Revenue 1.89
Enterprise Value to EBITDA 10.26
Shares Outstanding 30955000
Shares Floating 30676368
Shares Outstanding 30955000
Shares Floating 30676368
Percent Insiders 0.58
Percent Institutions 114.89

ai summary icon Upturn AI SWOT

CONMED Corporation

stock logo

Company Overview

overview logo History and Background

CONMED Corporation was founded in 1970 as Consolidated Medical Equipment, later shortening its name to CONMED. Initially focused on electrosurgical products, the company expanded its offerings through organic growth and acquisitions, becoming a global medical technology company specializing in surgical devices and equipment.

business area logo Core Business Areas

  • Orthopedics: Develops and markets a broad range of orthopedic surgery products, including arthroscopic, hip, knee, and extremity reconstruction, sports medicine, and tissue regeneration.
  • General Surgery: Provides a comprehensive suite of products for general surgery, including advanced surgical energy, endosurgery, and patient care products.

leadership logo Leadership and Structure

CONMED is led by a board of directors and a senior management team. The organizational structure is divided by business segments (Orthopedics and General Surgery) and functional areas such as sales, marketing, research and development, and operations.

Top Products and Market Share

overview logo Key Offerings

  • Advanced Surgical Energy: Includes electrosurgical generators, smoke evacuation systems, and related accessories. This segment competes with Medtronic and Ethicon. Revenue from surgical devices contributes significantly to their overall revenue. There is no reliable data on revenue from this product line.
  • Competitors: Medtronic (MDT), Ethicon (JNJ)
  • Arthroscopic Solutions: Products for minimally invasive joint procedures, including arthroscopic shavers, fluid management systems, and implants. Competitors include Stryker and Smith & Nephew. Market share is competitive, with CONMED holding a significant presence.
  • Competitors: Stryker (SYK), Smith & Nephew (SNN)

Market Dynamics

industry overview logo Industry Overview

The medical device industry is characterized by technological innovation, stringent regulatory oversight, and increasing demand driven by an aging population and rising healthcare expenditures. Competition is intense, with companies vying for market share through product differentiation and strategic partnerships.

Positioning

CONMED is a mid-sized player in the medical device market, focusing on niche areas within orthopedics and general surgery. Its competitive advantages include a strong product portfolio, established customer relationships, and a commitment to innovation.

Total Addressable Market (TAM)

The total addressable market (TAM) for CONMED's products spans orthopedics and general surgery, estimated to be in the tens of billions of dollars. CONMED, with its focus on specialized surgical solutions, captures a portion of this TAM.

Upturn SWOT Analysis

Strengths

  • Strong brand reputation in specialized surgical areas
  • Diverse product portfolio
  • Established distribution network
  • History of innovation
  • Dedicated customer base

Weaknesses

  • Smaller market capitalization compared to major competitors
  • Limited international presence compared to global giants
  • Dependence on specific product lines
  • Potential for product recalls or safety concerns
  • High selling and marketing expenses

Opportunities

  • Expanding into emerging markets
  • Developing new minimally invasive surgical technologies
  • Acquiring smaller, innovative companies
  • Forming strategic partnerships with hospitals and healthcare systems
  • Increasing focus on digital surgery solutions

Threats

  • Intense competition from larger medical device companies
  • Price pressures from healthcare providers
  • Changes in healthcare regulations
  • Technological obsolescence
  • Economic downturns

Competitors and Market Share

competitor logo Key Competitors

  • Medtronic (MDT)
  • Stryker (SYK)
  • Smith & Nephew (SNN)

Competitive Landscape

CONMED competes in a highly competitive market. Its strengths lie in its focused product portfolio and strong customer relationships. Weaknesses include its smaller size compared to larger competitors. To effectively compete, CONMED needs to continue innovating and expanding its geographic reach.

Major Acquisitions

Biorez, Inc.

  • Year: 2022
  • Acquisition Price (USD millions): 85
  • Strategic Rationale: Acquired to add BioRez's BioBrace Implant to CONMED's sports medicine portfolio which enhances its existing offerings in sports medicine and soft tissue repair.

Growth Trajectory and Initiatives

Historical Growth: CONMED has experienced moderate growth over the past several years, driven by organic sales increases and strategic acquisitions.

Future Projections: Analysts project continued revenue growth for CONMED, driven by increasing demand for minimally invasive surgical procedures and the introduction of new products.

Recent Initiatives: Recent initiatives include investments in R&D, expansion into new geographic markets, and acquisitions of complementary businesses.

Summary

CONMED is a mid-sized medical technology company with a strong presence in orthopedics and general surgery. The company exhibits steady revenue growth, driven by a diverse product portfolio and strategic acquisitions. However, it faces intense competition and needs to continue innovating and expanding its market reach. While not paying dividends, the company's growth potential could offer shareholder returns.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Analyst Reports
  • Company Website
  • Industry Research Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About CONMED Corporation

Exchange NYSE
Headquaters Largo, FL, United States
IPO Launch date 1987-07-23
President, CEO & Director Mr. Patrick J. Beyer
Sector Healthcare
Industry Medical Devices
Full time employees 3900
Full time employees 3900

CONMED Corporation, a medical technology company, develops, manufactures, and sells devices and equipment for surgical procedures in the United States and internationally. The company offers orthopedic surgery products, including BioBrace, TruShot with Y-Knot All-In-One Soft Tissue Fixation System, Y-knot All-Suture Anchors, and Agro Knotless Suture Anchors, which provide clinical solutions to orthopedic surgeons for the augmentation and repair of soft tissue injuries, as well as provides supporting products that enable surgeons to perform minimally invasive sports medicine surgeries. It markets orthopedic surgery products under the Hall, CONMED Linvatec, Concept, and Shutt brands. It also provides battery-powered and autoclavable bone power tool systems for use in orthopedic, arthroscopic, oral/maxillofacial, podiatric, spinal, and cardiothoracic surgeries under Hall surgical brand name. In addition, the company offers general surgery products, including clinical insufflation systems under AirSeal brand; smoke removal devices under Buffalo Filter brand; endomechanical products, such as tissue retrieval bags, trocars, suction irrigation devices, graspers, scissors, and dissectors used in minimally invasive surgeries; and electrosurgical solution comprising monopolar and bipolar generators, argon beam coagulation generators, handpieces, smoke management systems and other accessories. Further, the company provides endoscopic technologies, including therapeutic and diagnostic products for use in gastroenterology procedures, and products for the treatment of diseases of the dilatation, hemostasis, biliary, structure management, and infection prevention; and patient monitoring, including ECG and EEG electrodes, and cardiac defibrillation pads. It markets its products directly to hospitals, surgery centers, and other healthcare institutions, as well as through medical specialty distributors. The company was incorporated in 1970 and is headquartered in Largo, Florida.