ConvaTec Group (CTEC) Share Price, News & Analysis

Company Overview

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns. It also provides ostomy care solutions, including devices, accessories, and services for people with a stoma resulting from colorectal cancer, inflammatory bowel disease, and bladder cancer. In addition, the company offers continence care products and services for people with urinary continence issues related to spinal cord injuries, multiple sclerosis, spina bifida, and other causes, as well as critical care devices and products used in intensive care units and hospital settings. Further, it provides infusion care solutions comprising disposable infusion sets for diabetes insulin pumps, or for pumps used in continuous subcutaneous infusion treatments for conditions such as parkinson's disease. The company sells its products to pharmacies, hospitals, and other acute and post-acute healthcare service providers directly or through distributors and wholesalers. It serves a range of customers, including healthcare providers, patients, and manufacturers. ConvaTec Group PLC was founded in 1978 and is headquartered in London, the United Kingdom.

Key Stats

• Today's Range: 226 to 230.60
• 50-Day Range: 220.20 to 251.80
• 52-Week Range: 195.10 to 295.20
• Volume: 6.36 million shs
• Average Volume: 6.98 million shs
• Market Capitalization: £4.63 billion
• P/E Ratio: 3,766.67
• Dividend Yield: 2.21%
• Price Target: GBX 301.25
• Consensus Rating: Buy

ConvaTec Group Stock Analysis - MarketRank™

ConvaTec Group scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

ConvaTec Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

ConvaTec Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of ConvaTec Group is 3,766.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 123.69.

Price to Earnings Ratio vs. Sector

The P/E ratio of ConvaTec Group is 3,766.67, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 110.14.

Price to Earnings Growth Ratio

ConvaTec Group has a PEG Ratio of 0.92. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

ConvaTec Group has a P/B Ratio of 2.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CTEC.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

ConvaTec Group pays a meaningful dividend of 2.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

ConvaTec Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ConvaTec Group is 8,333.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CTEC.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.86

News Sentiment

ConvaTec Group has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for ConvaTec Group this week, compared to 0 articles on an average week.

Search Interest

1 people have searched for CTEC on MarketBeat in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ConvaTec Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.65% of the stock of ConvaTec Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

69.42% of the stock of ConvaTec Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CTEC Stock Analysis - Frequently Asked Questions

How have CTEC shares performed this year?

ConvaTec Group's stock was trading at GBX 244.20 at the beginning of the year. Since then, CTEC shares have decreased by 7.5% and is now trading at GBX 226.
View the best growth stocks for 2024 here.

How were ConvaTec Group's earnings last quarter?

ConvaTec Group PLC (LON:CTEC) released its quarterly earnings data on Friday, February, 28th. The company reported $12.00 EPS for the quarter, missing analysts' consensus estimates of $12.70 by $0.70. ConvaTec Group had a trailing twelve-month return on equity of 9.34% and a net margin of 6.96%.

How do I buy shares of ConvaTec Group?

Shares of CTEC stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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What other stocks do shareholders of ConvaTec Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ConvaTec Group investors own include EnQuest (ENQ), Centamin (CEY), Oxford Biomedica (OXB), Bristol-Myers Squibb (BMY), Andalas Energy and Power (ADL), AFR.L (AFR) and CBTX (CBTX).

Company Calendar

• Last Earnings: 2/28/2020
• Ex-Dividend for 10/4 Dividend: 8/22/2024
• Today: 10/01/2024
• Dividend Payable: 10/04/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Medical
• Industry: Medical Instruments & Supplies
• Sub-Industry: N/A
• Current Symbol: LON:CTEC
• CUSIP: N/A
• CIK: N/A
• Web: www.convatecgroup.com
• Phone: 44 11 8952 8100
• Fax: N/A
• Employees: 10,136
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 301.25
• High Stock Price Target: GBX 310
• Low Stock Price Target: GBX 290
• Potential Upside/Downside: +33.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 0.06
• Trailing P/E Ratio: 3,766.67
• Forward P/E Ratio: 16.90
• P/E Growth: 0.92
• Net Income: £153.20 million
• Net Margins: 6.96%
• Pretax Margin: N/A
• Return on Equity: 9.34%
• Return on Assets: 5.01%

Debt

• Debt-to-Equity Ratio: 85.32
• Current Ratio: 2.26
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: £2.20 billion
• Price / Sales: 2.11
• Cash Flow: GBX 13.29 per share
• Price / Cash Flow: 17.01
• Book Value: GBX 81 per share
• Price / Book: 2.79

Miscellaneous

• Outstanding Shares: 2,050,000,000
• Free Float: N/A
• Market Cap: £4.63 billion
• Optionable: Not Optionable
• Beta: 0.64