Penumbra (PEN) Stock Analysis
This is a peer-relative look at Penumbra (PEN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | PEN |
|---|---|
| Name | Penumbra Inc. |
| Country/Region | United States |
| GICS Sector | Health Care |
| GICS Industry Group | Health Care Equipment & Services |
| GICS Industry | Health Care Equipment & Supplies |
| GICS Sub-Industry | Health Care Equipment |
| Market Capitalization | 12.58 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | September 18, 2015 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| Total Return (1Y) | 20.52% | 21.53% |
| Total Return (3Y, Annualized) | 20.38% | 9.81% |
| Total Return (5Y, Annualized) | 3.15% | -2.76% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 19.78% | 50.93% |
| Beta (5Y) | 0.68 | 0.85 |
| Max Drawdown (5Y) | -59.60% | -70.34% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | 0.82 | 0.34 |
| Sortino Ratio (1Y) | 1.56 | 0.54 |
Profitability
ROE (TTM)
Penumbra (PEN) posts ROE of 10.67%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.
PEN
Health Care Equipment & Services industry group
10.67%
Group distribution
- Max
- 47.61%
- Q3
- 14.36%
- PEN
- 10.67%
- Median
- 5.45%
- Q1
- -10.67%
- Min
- -47.01%
Largest peers
- ISRG
- 17.93%
- SYK
- 16.02%
- UNH
- 15.77%
- PEN
- 10.67%
- MDT
- 10.65%
- ABT
- 9.14%
- MCK
- --
Net Margin (TTM)
Penumbra (PEN) keeps 10.06% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.
PEN
Health Care Equipment & Services industry group
10.06%
Group distribution
- Max
- 29.35%
- PEN
- 10.06%
- Q3
- 9.33%
- Median
- 2.18%
- Q1
- -6.29%
- Min
- -28.46%
Largest peers
- ISRG
- 25.54%
- MDT
- 13.93%
- SYK
- 13.78%
- PEN
- 10.06%
- ABT
- 9.75%
- UNH
- 3.53%
- MCK
- 1.12%
Operating Margin (TTM)
Penumbra (PEN) turns 12.37% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
PEN
Health Care Equipment & Services industry group
12.37%
Group distribution
- Max
- 35.43%
- Q3
- 14.14%
- PEN
- 12.37%
- Median
- 6.81%
- Q1
- -0.28%
- Min
- -16.29%
Largest peers
- ISRG
- 33.29%
- SYK
- 22.96%
- MDT
- 19.33%
- PEN
- 12.37%
- ABT
- 11.66%
- UNH
- 5.82%
- MCK
- 1.48%
Profitability Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| ROE (TTM) | 10.67% | 5.45% |
| ROA (TTM) | 6.28% | 3.17% |
| Net Margin (TTM) | 10.06% | 2.18% |
| Operating Margin (TTM) | 12.37% | 6.81% |
| Gross Margin (TTM) | 67.99% | 55.21% |
Growth
Revenue Growth
Penumbra (PEN) grew revenue 17.50%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.
EPS Growth
Penumbra (PEN) grew earnings per share 1,155.56%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.
Growth Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 17.50% | 11.55% |
| Revenue Growth (3Y CAGR) | 18.33% | 10.83% |
| EPS Growth (YoY) | 1,155.56% | 4.88% |
| EPS Growth (3Y CAGR) | -- | 14.59% |
Financial Strength
Current Ratio (MRQ)
Penumbra (PEN) has current ratio of 5.89, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.
PEN
Health Care Equipment & Services industry group
5.89
Group distribution
- Max
- 7.59
- PEN
- 5.89
- Q3
- 4.00
- Median
- 1.98
- Q1
- 1.37
- Min
- 0.30
Largest peers
- PEN
- 5.89
- ISRG
- 3.33
- SYK
- 2.18
- MDT
- 2.07
- ABT
- 1.46
- MCK
- 0.90
- UNH
- 0.74
Debt / Equity (MRQ)
Penumbra (PEN) has debt-to-equity ratio of 0.13, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.
PEN
Health Care Equipment & Services industry group
0.13
Group distribution
- Max
- 1.88
- Q3
- 0.91
- Median
- 0.58
- Q1
- 0.16
- PEN
- 0.13
- Min
- 0.00
Largest peers
- UNH
- 0.70
- SYK
- 0.66
- ABT
- 0.61
- MDT
- 0.55
- PEN
- 0.13
- ISRG
- --
- MCK
- --
Financial Strength Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 5.89 | 1.98 |
| Debt / Equity (MRQ) | 0.13 | 0.58 |
| Net Debt / EBITDA | -2.22 | 2.04 |
Dividends
Dividend Yield (TTM)
Penumbra (PEN) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
PEN
Health Care Equipment & Services industry group
0.00%
Group distribution
- PEN
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- MDT
- 2.72%
- UNH
- 2.29%
- ABT
- 2.22%
- SYK
- 1.05%
- MCK
- 0.32%
- PEN
- 0.00%
- ISRG
- 0.00%
Dividend Payout Ratio (TTM)
Penumbra (PEN) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
PEN
Health Care Equipment & Services industry group
0.00%
Group distribution
- PEN
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- ABT
- 92.54%
- MDT
- 70.02%
- UNH
- 51.71%
- SYK
- 37.49%
- MCK
- 8.77%
- PEN
- 0.00%
- ISRG
- 0.00%
Dividend Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Penumbra (PEN) trades at P/E ratio of 80.41, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.
PEN
Health Care Equipment & Services industry group
80.41
Group distribution
- PEN
- 80.41
- Max
- 80.41
- Q3
- 47.62
- Median
- 29.93
- Q1
- 21.19
- Min
- 4.21
Largest peers
- PEN
- 80.41
- ISRG
- 54.75
- ABT
- 41.02
- SYK
- 34.70
- MCK
- 27.36
- MDT
- 25.01
- UNH
- 22.50
P/S Ratio (TTM)
Penumbra (PEN) trades at 8.06 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.
PEN
Health Care Equipment & Services industry group
8.06
Group distribution
- Max
- 8.80
- PEN
- 8.06
- Q3
- 4.32
- Median
- 2.13
- Q1
- 1.10
- Min
- 0.03
Largest peers
- ISRG
- 13.82
- PEN
- 8.06
- SYK
- 4.72
- ABT
- 3.95
- MDT
- 3.47
- UNH
- 0.78
- MCK
- 0.29
P/B Ratio (MRQ)
Penumbra (PEN) trades at 7.95 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.
PEN
Health Care Equipment & Services industry group
7.95
Group distribution
- Max
- 11.68
- PEN
- 7.95
- Q3
- 6.12
- Median
- 3.00
- Q1
- 1.73
- Min
- -1.31
Largest peers
- ISRG
- 9.82
- PEN
- 7.95
- SYK
- 5.29
- ABT
- 3.73
- UNH
- 3.60
- MDT
- 2.59
- MCK
- -30.85
Valuation Metrics
| Metric | Current stock: PEN | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 80.41 | 29.93 |
| P/S Ratio (TTM) | 8.06 | 2.13 |
| P/B Ratio (MRQ) | 7.95 | 3.00 |
| Free Cash Flow Yield (TTM) | 1.32% | 3.50% |