Medtronic plc (MDT) – Strong Organic Growth

Medtronic plc (MDT) (Q1FY24)

Stock Performance – Medtronic’s stock price showed a downward trend in past 3-months. The stock declined by 12.73% during the period. The price declined by 6.97% in past 1-year. The stock has a 52- week high of $92.02 and its 52-week low is $70.95.

In the past 3 years, the stock has declined by 29.9%. MDT has a 50-day moving Avg. and 200-day moving Avg. of $80.26 and $83.23, respectively.

Revenue Performance – MDT revenue was $7.7bn increased 4.5% asreported and 6.0% organic in Q1FY24.

Company Guidance for FY24 – The company increased its FY24 organic revenue growth guidance to 4.5% versus the prior range of 4% to 4.5%. The organic revenue growth guidance excludes the impact of foreign currency and revenue related to certain businesses reported as Other.

Highlights

The company’s performance has been bolstered by a compelling mix of businesses experiencing steady, long – term growth, further amplified by its strong geographic presence. High single-digit growth was observed in established market leaders such as Cardiac Rhythm Management, Spine, and Surgical sectors.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 36

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