Financial Analysis: Glaukos (NYSE:GKOS) vs. The Competition

Glaukos (NYSE: GKOS) is one of 19 publicly-traded companies in the “Medical Devices & Implants” industry, but how does it contrast to its competitors? We will compare Glaukos to related companies based on the strength of its earnings, dividends, institutional ownership, analyst recommendations, valuation, profitability and risk.

Insider and Institutional Ownership

99.2% of Glaukos shares are owned by institutional investors. Comparatively, 54.8% of shares of all “Medical Devices & Implants” companies are owned by institutional investors. 16.4% of Glaukos shares are owned by insiders. Comparatively, 11.9% of shares of all “Medical Devices & Implants” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Risk & Volatility

Glaukos has a beta of 1.02, suggesting that its stock price is 2% more volatile than the S&P 500. Comparatively, Glaukos’ competitors have a beta of 0.47, suggesting that their average stock price is 53% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent recommendations for Glaukos and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Glaukos 0 0 6 0 3.00
Glaukos Competitors 111 728 1026 10 2.50

Glaukos presently has a consensus price target of $47.50, suggesting a potential upside of 85.91%. As a group, “Medical Devices & Implants” companies have a potential upside of 35.63%. Given Glaukos’ stronger consensus rating and higher possible upside, equities analysts clearly believe Glaukos is more favorable than its competitors.

Valuation and Earnings

This table compares Glaukos and its competitors gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Glaukos $114.40 million $4.52 million -638.59
Glaukos Competitors $1.67 billion $207.58 million 86.82

Glaukos’ competitors have higher revenue and earnings than Glaukos. Glaukos is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Glaukos and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Glaukos -0.64% 3.50% 3.05%
Glaukos Competitors -101.23% -92.70% -30.32%

Summary

Glaukos beats its competitors on 10 of the 13 factors compared.

About Glaukos

Glaukos Corporation is an ophthalmic medical technology company. The Company focuses on the development and commercialization of products and procedures for the treatment of glaucoma. It offers iStent, a micro-invasive glaucoma surgery (MIGS) device. The iStent is a micro-bypass stent inserted through the small corneal incision made during cataract surgery and placed into Schlemm’s canal, a circular channel in the eye that collects aqueous humor and delivers it back into the bloodstream. It is developing three additional pipeline products: the iStent Inject, the iStent Supra and iDose. The iStent Inject includes two stents pre-loaded in an auto-injection inserter. The iStent Supra is designed to access an alternative drainage space within the eye. iDose is a drug delivery system that is designed to be implanted in the eye to continuously deliver therapeutic levels of medication for extended periods of time to lower intraocular pressure in glaucoma patients.

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