CNMD official logo CNMD
CNMD 1-star rating from Upturn Advisory
CONMED Corporation (CNMD) company logo

CONMED Corporation (CNMD)

CONMED Corporation (CNMD) 1-star rating from Upturn Advisory
$44.35
Last Close (24-hour delay)
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PASS
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Upturn Stock price based on last close icon Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

12/03/2025: CNMD (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

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

Number of Analysts

2 star rating from financial analysts

6 Analysts rated it

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

1 Year Target Price $54

1 Year Target Price $54

Analysts Price Target For last 52 week
$54 Target price
52w Low $40.16
Current$44.35
52w High $75.3

Analysis of Past Performance

Type Stock
Historic Profit -48.07%
Avg. Invested days 24
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/03/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.37B USD
Price to earnings Ratio 21.63
1Y Target Price 54
Price to earnings Ratio 21.63
1Y Target Price 54
Volume (30-day avg) 6
Beta 0.98
52 Weeks Range 40.16 - 75.30
Updated Date 12/3/2025
52 Weeks Range 40.16 - 75.30
Updated Date 12/3/2025
Dividends yield (FY) 1.82%
Basic EPS (TTM) 2.05

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 4.76%
Operating Margin (TTM) 10.84%

Management Effectiveness

Return on Assets (TTM) 4.15%
Return on Equity (TTM) 6.6%

Valuation

Trailing PE 21.63
Forward PE 27.03
Enterprise Value 2192897953
Price to Sales(TTM) 1.02
Enterprise Value 2192897953
Price to Sales(TTM) 1.02
Enterprise Value to Revenue 1.63
Enterprise Value to EBITDA 11.45
Shares Outstanding 30967954
Shares Floating 30681810
Shares Outstanding 30967954
Shares Floating 30681810
Percent Insiders 0.59
Percent Institutions 114.22

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

CONMED Corporation

CONMED Corporation(CNMD) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

CONMED Corporation was founded in 1970. It has grown through product development and acquisitions, focusing on surgical devices and equipment.

Company business area logo Core Business Areas

  • Orthopedic Surgery: Products for arthroscopic procedures, including resection, repair, and access. Includes brands like Linvatec.
  • General Surgery: Devices for electrosurgery, endosurgery, and critical care. Includes brands like System 2450 and Argon Beam Coagulators.

leadership logo Leadership and Structure

Curt R. Hartman is the Chairman of the Board, President, and CEO. The company has a standard corporate structure with functional departments.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Advanced Surgical: Includes advanced energy products (electrosurgical generators, ablation devices), endosurgical products (trocars, clip appliers), and smoke evacuation systems. Competitors include Medtronic and Johnson & Johnson. CONMED does not release specific market share percentages for these products.
  • Orthopedics: Includes arthroscopic resection and repair systems, powered surgical instruments, and fluid management systems. Competitors include Stryker and Arthrex. CONMED does not release specific market share percentages for these products.

Market Dynamics

industry overview logo Industry Overview

The surgical device market is driven by aging populations, increasing surgical procedures, and technological advancements. It is highly competitive and regulated.

Positioning

CONMED is a mid-sized player in the surgical device market, focusing on niche segments and offering a comprehensive portfolio. They are known for innovation and customer service.

Total Addressable Market (TAM)

The global surgical devices market is estimated to be in the hundreds of billions of dollars. CONMED holds a smaller portion of this TAM compared to larger players like Medtronic, J&J, and Stryker but focuses on specialized areas.

Upturn SWOT Analysis

Strengths

  • Broad product portfolio
  • Strong brand recognition in specific surgical areas
  • Established distribution network
  • History of Innovation

Weaknesses

  • Smaller market share compared to larger competitors
  • Reliance on acquisitions for growth
  • Potential supply chain vulnerabilities
  • Higher debt levels

Opportunities

  • Expanding into emerging markets
  • Developing new technologies
  • Acquiring complementary businesses
  • Partnerships with hospitals and surgical centers

Threats

  • Intense competition
  • Pricing pressure
  • Regulatory changes
  • Economic downturns

Competitors and Market Share

Key competitor logo Key Competitors

  • MDT
  • JNJ
  • STRY
  • BSX

Competitive Landscape

CONMED competes with larger companies with greater resources. CONMED is competitive in specific niche markets, like arthroscopic surgery and advanced surgical solutions.

Major Acquisitions

In2Bones SAS

  • Year: 2024
  • Acquisition Price (USD millions): 145
  • Strategic Rationale: Expand global orthopedics portfolio with innovative extremity solutions, particularly in the foot and ankle segment

Biorez, Inc.

  • Year: 2022
  • Acquisition Price (USD millions): 85
  • Strategic Rationale: Enhanced CONMEDu2019s Sports Medicine Portfolio, gaining access to BioRez's BioBrace Implant Technology

Growth Trajectory and Initiatives

Historical Growth: CONMED has grown through a combination of organic growth and acquisitions, expanding its product portfolio and market reach.

Future Projections: Analyst estimates vary, but generally project continued growth in revenue and earnings, driven by new product launches and market expansion.

Recent Initiatives: Recent strategic initiatives include acquisitions, product launches, and expansion of sales force.

Summary

CONMED Corporation is a mid-sized player in the surgical device market, focusing on orthopedics and general surgery. The company has a broad product portfolio and a history of innovation. However, CONMED faces intense competition and relies on acquisitions for growth. Continued focus on strategic acquisitions and innovation is crucial to maintain market position.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • CONMED Corporation Investor Relations
  • Company SEC Filings (10K, 10Q)
  • Analyst Reports
  • Industry Reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance can change rapidly. Consult with a qualified financial advisor before making any investment decisions.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries 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.