Cochlear is the market leader in cochlear implants with consistent share of roughly 60% across developed markets. Cochlear implants became the standard of care many years ago for children in developed markets with profound hearing loss or deafness. With this market segment largely penetrated, the company is looking elsewhere for growth with developed-markets adults the next primary focus and emerging-markets children after that.
There are signs Cochlear is looking to expand beyond the hearing market with the investment in Nyxoah, a company focused on development of a hypoglossal nerve stimulation therapy for the treatment of obstructive sleep apnea.
Growth in the cochlear implant market is becoming more costly to achieve, limiting the potential upside to earnings.
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Metric
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COH
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RMD
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DEMANT
|
|---|---|---|---|
Price/Earnings (Normalized) | 46.26 | 29.82 | 22.47 |
Price/Book Value | 10.01 | 7.10 | 6.23 |
Price/Sales | 8.27 | 7.26 | 2.63 |
Price/Cash Flow | 47.56 | 25.07 | 14.52 |
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Metric
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COH
|
RMD
|
DEMANT
|
|---|---|---|---|
Quick Ratio | 1.59 | 1.18 | 0.75 |
Current Ratio | 2.30 | 2.59 | 1.42 |
Interest Coverage | 51.63 | 28.67 | 6.32 |
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Metric
|
COH
|
RMD
|
DEMANT
|
|---|---|---|---|
Return on Assets (Normalized) | 14.79% | 16.71% | 8.21% |
Return on Equity (Normalized) | 21.59% | 25.48% | 27.51% |
Return on Invested Capital (Normalized) | 18.89% | 20.37% | 12.10% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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United States