Stryker Corp (NYSE:SYK)

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Price: 370.03 USD 0.97%

Market Cap: 141.1B USD

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Section:

Relative Value

The Relative Value of one SYK stock under the Base Case scenario is 364.71 USD. Compared to the current market price of 370.03 USD, Stryker Corp is Overvalued by 1%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

SYK Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

6.4

P/S

vs History	11
vs Industry	21

Median 5Y

5.7

Industry

2.3

Forward

6.2

More Details

39.1

P/E

vs History	66
vs Industry	13

Median 5Y

41.3

Industry

23.1

Forward

30.2

More Details

36.5

P/OCF

vs History	20
vs Industry	9

Median 5Y

30.7

Industry

14.2

More Details

25.1

P/FCFE

vs History	79
vs Industry	12

Median 5Y

31.6

Industry

20.1

More Details

P/B

vs History	20
vs Industry	11

Median 5Y

6.3

Industry

2.2

More Details

6.8

EV/S

vs History	19
vs Industry	18

Median 5Y

6.1

Industry

2.4

Forward

6.5

More Details

10.6

EV/GP

vs History	17
vs Industry	21

Median 5Y

9.7

Industry

More Details

25.4

EV/EBITDA

vs History	19
vs Industry	12

Median 5Y

23.7

Industry

12.7

Forward

23.8

More Details

30.8

EV/EBIT

vs History	33
vs Industry	13

Median 5Y

29.4

Industry

17.1

Forward

More Details

38.8

EV/OCF

vs History	25
vs Industry	9

Median 5Y

34.1

Industry

More Details

46.5

EV/FCFF

vs History	36
vs Industry	9

Median 5Y

43.4

Industry

More Details

3.9

EV/IC

vs History	7
vs Industry	22

Median 5Y

3.4

Industry

1.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
US	Stryker Corp NYSE:SYK	140.4B USD	6.4	39.1	25.4	30.8
US	Abbott Laboratories NYSE:ABT	198.3B USD	4.8	34.3	20	29.2
US	Intuitive Surgical Inc NASDAQ:ISRG	189.1B USD	24.1	84.5	72	89.3
US	Boston Scientific Corp NYSE:BSX	132.3B USD	8.4	74.2	33.9	48.4
IE	Medtronic PLC NYSE:MDT	104.2B USD	3.2	24.3	13.5	19.2
US	Becton Dickinson and Co NYSE:BDX	65.2B USD	3.2	37.6	15.7	28
DE	Siemens Healthineers AG XETRA:SHL	58.1B EUR	2.6	31.2	17.7	25.8
US	Edwards Lifesciences Corp NYSE:EW	44.1B USD	7.8	10.6	23.6	25.8
CN	Shenzhen Mindray Bio-Medical Electronics Co Ltd SZSE:300760	309.1B CNY	8.3	25	21.7	21.7
US	GE Healthcare Technologies Inc NASDAQ:GEHC	36.2B USD	1.8	21.6	13.5	16.7
US	IDEXX Laboratories Inc NASDAQ:IDXX	34B USD	8.9	39.3	31	31

			Revenue Growth	P/S to Growth
US	Stryker Corp NYSE:SYK	Average P/S: 7.2 6.4	30%	0.2
US	Abbott Laboratories NYSE:ABT	4.8	22%	0.2
US	Intuitive Surgical Inc NASDAQ:ISRG	24.1	58%	0.4
US	Boston Scientific Corp NYSE:BSX	8.4	46%	0.2
IE	Medtronic PLC NYSE:MDT	3.2	15%	0.2
US	Becton Dickinson and Co NYSE:BDX	3.2	20%	0.2
DE	Siemens Healthineers AG XETRA:SHL	2.6	18%	0.1
US	Edwards Lifesciences Corp NYSE:EW	7.8	11%	0.7
CN	Shenzhen Mindray Bio-Medical Electronics Co Ltd SZSE:300760	8.3	64%	0.1
US	GE Healthcare Technologies Inc NASDAQ:GEHC	1.8	11%	0.2
US	IDEXX Laboratories Inc NASDAQ:IDXX	8.9	26%	0.3

			Earnings Growth	P/E to Growth
US	Stryker Corp NYSE:SYK	Average P/E: 38.3 39.1	81%	0.5
US	Abbott Laboratories NYSE:ABT	34.3	75%	0.5
US	Intuitive Surgical Inc NASDAQ:ISRG	84.5	86%	1
US	Boston Scientific Corp NYSE:BSX	74.2	202%	0.4
IE	Medtronic PLC NYSE:MDT	24.3	122%	0.2
US	Becton Dickinson and Co NYSE:BDX	37.6	222%	0.2
DE	Siemens Healthineers AG XETRA:SHL	31.2	114%	0.3
US	Edwards Lifesciences Corp NYSE:EW	10.6	20%	0.5
CN	Shenzhen Mindray Bio-Medical Electronics Co Ltd SZSE:300760	25	66%	0.4
US	GE Healthcare Technologies Inc NASDAQ:GEHC	21.6	75%	0.3
US	IDEXX Laboratories Inc NASDAQ:IDXX	39.3	34%	1.2

			EBITDA Growth	EV/EBITDA to Growth
US	Stryker Corp NYSE:SYK	Average EV/EBITDA: 26.2 25.4	42%	0.6
US	Abbott Laboratories NYSE:ABT	20	32%	0.6
US	Intuitive Surgical Inc NASDAQ:ISRG	72	112%	0.6
US	Boston Scientific Corp NYSE:BSX	33.9	76%	0.4
IE	Medtronic PLC NYSE:MDT	13.5	29%	0.5
US	Becton Dickinson and Co NYSE:BDX	15.7	35%	0.4
DE	Siemens Healthineers AG XETRA:SHL	17.7	53%	0.3
US	Edwards Lifesciences Corp NYSE:EW	23.6	10%	2.4
CN	Shenzhen Mindray Bio-Medical Electronics Co Ltd SZSE:300760	21.7	70%	0.3
US	GE Healthcare Technologies Inc NASDAQ:GEHC	13.5	41%	0.3
US	IDEXX Laboratories Inc NASDAQ:IDXX	31	30%	1

			EBIT Growth	EV/EBIT to Growth
US	Stryker Corp NYSE:SYK	Average EV/EBIT: 33.3 30.8	61%	0.5
US	Abbott Laboratories NYSE:ABT	29.2	71%	0.4
US	Intuitive Surgical Inc NASDAQ:ISRG	89.3	132%	0.7
US	Boston Scientific Corp NYSE:BSX	48.4	137%	0.4
IE	Medtronic PLC NYSE:MDT	19.2	61%	0.3
US	Becton Dickinson and Co NYSE:BDX	28	110%	0.3
DE	Siemens Healthineers AG XETRA:SHL	25.8	104%	0.2
US	Edwards Lifesciences Corp NYSE:EW	25.8	9%	2.9
CN	Shenzhen Mindray Bio-Medical Electronics Co Ltd SZSE:300760	21.7	61%	0.4
US	GE Healthcare Technologies Inc NASDAQ:GEHC	16.7	52%	0.3
US	IDEXX Laboratories Inc NASDAQ:IDXX	31	32%	1

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US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
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US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

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Stryker Corp
NYSE:SYK

Relative Value

Valuation Multiples

Multiples Across Competitors

SYK Competitors Multiples
Stryker Corp Competitors

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52 Week Range	293.94 392.15
Price Target

Stryker Corp NYSE:SYK

Relative Value

Valuation Multiples

Multiples Across Competitors

SYK Competitors Multiples Stryker Corp Competitors

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Company

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Stryker Corp
NYSE:SYK

SYK Competitors Multiples
Stryker Corp Competitors