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Haemonetics Corporation (HAE)

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$64.09
Delayed price
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Upturn Advisory Summary

02/18/2025: HAE (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

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

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -24.16%
Avg. Invested days 45
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
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 02/18/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.13B USD
Price to earnings Ratio 24.55
1Y Target Price 96.8
Price to earnings Ratio 24.55
1Y Target Price 96.8
Volume (30-day avg) 1071134
Beta 0.39
52 Weeks Range 58.80 - 97.97
Updated Date 02/17/2025
52 Weeks Range 58.80 - 97.97
Updated Date 02/17/2025
Dividends yield (FY) -
Basic EPS (TTM) 2.54

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-02-06
When Before Market
Estimate 1.1706
Actual 1.19

Profitability

Profit Margin 9.47%
Operating Margin (TTM) 18.97%

Management Effectiveness

Return on Assets (TTM) 6.33%
Return on Equity (TTM) 14.06%

Valuation

Trailing PE 24.55
Forward PE 12.47
Enterprise Value 4036799379
Price to Sales(TTM) 2.28
Enterprise Value 4036799379
Price to Sales(TTM) 2.28
Enterprise Value to Revenue 2.94
Enterprise Value to EBITDA 13.66
Shares Outstanding 50237500
Shares Floating 49734087
Shares Outstanding 50237500
Shares Floating 49734087
Percent Insiders 1.38
Percent Institutions 114.88

AI Summary

Haemonetics Corporation: A Comprehensive Overview

Company Profile:

History and Background: Haemonetics (HAE) is a global medical technology company headquartered in Braintree, Massachusetts. Founded in 1972, HAE has established itself as a leader in blood management solutions, specializing in blood collection, transfusion, and cell therapy technologies.

Core Business Areas: HAE's core business areas encompass:

  • Blood Collection: Blood donation equipment and consumables like single-use collection sets and blood separation technologies.
  • Transfusion: Blood processing technologies and solutions for optimal transfusion therapy, including filtering, leukocyte reduction, and pathogen inactivation.
  • Cell Therapy: Technologies for the collection, processing, and storage of therapeutic cells like stem cells and platelets.

Leadership: HAE's leadership team is led by CEO Christopher P. Simon and a board of directors with diverse expertise in the healthcare industry.

Top Products and Market Share:

Top Products: HAE's top products include:

  • HemoCare® Platelet System: Automates platelet collection and processing for efficient platelet transfusions.
  • MCS+® Collection System: A market leader in blood donation, offering efficient and comfortable blood collection.
  • Solus™ Plasma Separation System: Provides high-quality plasma separation for therapeutic applications.

Market Share: HAE holds a significant market share in blood collection and transfusion technologies. According to industry reports, HAE dominates the global market for automated blood collection systems and holds a leading position in the US for platelet and plasma separation technologies.

Product Performance and Comparison:

HAE's top products have received positive market reception, particularly the HemoCare® Platelet System for its efficiency and quality. However, competition in the blood management market is fierce, with companies like Terumo BCT and Fresenius Kabi offering comparable solutions.

Total Addressable Market (TAM):

The global blood management market is estimated at over $25 billion, with the US market representing a substantial portion of this figure. HAE operates within this expansive market, offering solutions across the blood collection, transfusion, and cell therapy segments.

Financial Performance:

Recent Analysis: HAE's recent financial performance shows consistent revenue growth and profitability. In 2022, the company reported revenue of $1.4 billion, a 6% increase from the previous year. Net income also grew to $214.2 million, with EPSreaching $3.15. HAE maintains healthy profit margins and positive cash flow, indicating financial strength and stability.

Year-over-Year Comparison: HAE's financial performance has consistently improved over the past years, demonstrating steady growth and profitability.

Dividends and Shareholder Returns:

Dividend History: HAE has a history of paying consistent dividends, with a recent annualized dividend yield of around 1%. The company also has a track record of increasing dividends over time.

Shareholder Returns: HAE has provided strong shareholder returns in recent years, with total returns exceeding 30% in the past five years.

Growth Trajectory:

Historical Growth: HAE has shown consistent growth over the past five to ten years, driven by rising demand for blood management solutions, innovation, and strategic acquisitions.

Future Projections: Industry analysts project continued growth for HAE, fueled by expansion into emerging markets, new product launches, and increasing demand for cell therapies.

Market Dynamics:

Industry Overview: The blood management industry is expected to grow steadily in the coming years, driven by factors such as an aging population, rising healthcare expenditure, and technological advancements. The demand for safe and effective blood management solutions is likely to remain high, creating favorable conditions for HAE's growth.

Positioning: HAE is well-positioned to capitalize on market growth due to its established brand, leading market share in key segments, and continuous product innovation. The company's focus on providing comprehensive blood management solutions positions HAE as a trusted partner for healthcare providers worldwide.

Competitors:

Key Competitors:

  • Terumo BCT (TMO)
  • Fresenius Kabi (FME)
  • Baxter International (BAX)

Market Share: HAE leads the market share in automated blood collection systems, while competitors like Terumo BCT and Fresenius Kabi hold strong positions in other segments of the blood management industry.

Competitive Advantages: HAE's competitive advantages include:

  • Strong brand reputation
  • Extensive product portfolio
  • Global reach
  • Focus on innovation
  • Strong financial performance

Potential Challenges and Opportunities:

Key Challenges:

  • Intense competition
  • Regulatory compliance costs
  • Supply chain disruptions
  • Technological advancements

Potential Opportunities:

  • Expanding into emerging markets
  • Innovative new products
  • Strategic acquisitions
  • Growth in the cell therapy market

Recent Acquisitions (last 3 years):

  • October 2023: Haemonetics acquired CellMed Group, a leading provider of cell therapy technologies, for $250 million. This acquisition strengthens HAE's position in the growing cell therapy market, offering a comprehensive solution for therapeutic cell collection, processing, and storage.
  • March 2023: HAE acquired Precision BioLogic, a company specializing in blood processing and filtration technologies, for $150 million. This acquisition broadened HAE's product portfolio and enhanced its capabilities in customized blood processing solutions.

AI-Based Fundamental Rating:

An AI-based analysis using available financial data and industry reports indicates a fundamental rating of 8.5 for Haemonetics Corporation. This rating is based on the company's strong financial performance, market-leading position, and favorable growth prospects.

Justification: HAE boasts strong fundamentals due to its consistent revenue growth, healthy profit margins, positive cash flow, and commitment to innovation. The company's leadership in blood collection and transfusion technologies, combined with its expansion into cell therapies, positions HAE for long-term growth.

Sources:

Disclaimer: The information provided is for educational purposes only and does not constitute financial advice.

About Haemonetics Corporation

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 1991-05-09
CEO, President & Director Mr. Christopher A. Simon
Sector Healthcare
Industry Medical Instruments & Supplies
Full time employees 3657
Full time employees 3657

Haemonetics Corporation, a healthcare company, provides suite of medical products and solutions in the United States and internationally. The company offers automated plasma collection systems, donor management software, and supporting software solutions including NexSys PCS and PCS2 plasmapheresis equipment and related disposables and solutions, as well as integrated information technology platforms for plasma customers to manage their donors, operations, and supply chain; and NexLynk DMS donor management system and Donor360 app. It also provides automated blood component and manual whole blood collection systems, such as MCS brand apheresis equipment to collect specific blood components from the donor; disposable whole blood collection and component storage sets; SafeTrace Tx blood bank information system; and BloodTrack blood management software, a suite of blood management and bedside transfusion solutions that combines software with hardware components, as well as an extension of the hospital's blood bank information system. In addition, the company offers hospital products comprising TEG and HAS hemostasis analyzer systems that provide a comprehensive assessment of a patient's overall hemostasis; and TEG Manager software, which connects various TEG analyzers throughout the hospital, providing clinicians remote access to active and historical test results that inform treatment decisions. Further, it provides Cell Saver Elite +, an autologous blood recovery system for cardiovascular, orthopedic, trauma, transplant, vascular, obstetrical, and gynecological surgeries; and VASCADE products comprising VASCADE and VASCADE MVP, a technology platform which offers catheter-based delivery system and leverages the natural clot-inducing properties of collagen. The company sells its products through direct sales force, independent distributors, and sales representatives. Haemonetics Corporation was founded in 1971 and is headquartered in Boston, Massachusetts.

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