Stryker Corporation (SYK) – Strong demand for ‘Mako’ leading performance

Stryker Corporation (SYK) (Q2FY23)

Stock Performance – Stryker Corporation stock price showed a volatile trend in the past 3-month period. It gave 4.43% returns during the period. The stock price increased by 31.21% in the past 1 year. The stock has a 52-week high of $306.93 and its 52-week low is $200.80.

In the past 3 years, the stock has given returns of 44.45%. SYK has a 50-day moving Avg. and 200-day moving Avg. of $287.46 and $274.20, respectively.

Quarter Performance: SYK net sales increased 11.2% in the three months 2023 as reported and 11.9% in constant currency, as foreign currency exchange rates negatively impacted net sales by 0.7%. Net sales in constant currency increased by 11.4% from increased unit volume and 0.5% due to higher prices.

Company Guidance for FY23 – SYK expect organic net sales growth to be in the range of 9.5% to 10.5% including slightly positive pricing for the year. If foreign exchange rates hold near their current levels, the company anticipate that net sales will be unfavorably impacted by 0.3% and adjusted net earnings per diluted share will be unfavorably impacted by $0.05 to $0.10 for FY23

Highlights

Stryker’s commitment to customer support and innovation positions it well for growth as the pandemic’s impact diminishes. In Q2FY23, the company allocated 6.4% of net sales to adjusted research and development expenses, underscoring its dedication to innovation. This investment is expected to drive the launch of new products in the future.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– PE Band Comparison
– 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
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 36

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