QualityDipStocks / Health Care · Medical devices
LivaNova LIVN
Outside our quality screen, so we don’t track its dips. It’s 6% below its 52-week high.
Outside our quality screen, trading above our fair value estimate.
- Fair value est.
- $64.43−20%
- Market Value
- $78.53price +2%
- Off 52-wk high
- −6%
- Risk vs market
- Market-likebeta 0.96
5 bullish · 5 bearish See why
Repriced or dip?
Near its high
The price is 6% below its 52-week high (Aug 4), but the business held up: earnings per share +75.0%, net cash (cash minus debt) −0.6% of market cap since the high, shares outstanding more shares, each owns less.
Some numbers held up (earnings per share +75.0%, net cash (cash minus debt) −0.6% of market cap since the high, shares outstanding more shares, each owns less), others slipped. The price is 6% below its 52-week high.
The price is 6% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($85.32, Aug 4) the price assumed about 14%/yr free-cash-flow growth; at the low ($49.57, Nov 6) about 1%; today about 15%. The last 3 years delivered 59%/yr (free cash flow).
Dashed line: what the last 3 years delivered, 59%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $85.32Aug 4 | $49.57Nov 6 | $80.21 |
| Implied growth | +14% | +1% | +15% |
| P/E | 44.6× | n/a | 23.9× |
| P/FCF | 29.6× | 14.3× | 30.4× |
| EV/Sales | 3.2× | 1.9× | 2.9× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 10.8% ±2 points. Bear = 10.5% and 8.8%; bull = 8.5% and 12.8% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, LIVN’s free cash flow would need to grow about 15% a year for five years; our estimate uses 11%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much LIVN moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves about in line with the market, and its own price swings are 2.8× the S&P 500’s.
- Beta vs S&P 500
- 0.96
- Volatility
- 36% vs 13% SPY
- Correlation SPY
- 0.34
- Correlation QQQ
- 0.25
How it ranks
Where LIVN stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 6 measures
- Discount to fair value estimate20% · price above our base caseLowest 35%of 1,314
- Free cash flow yield3.3% · free cash flow vs market capLowest 41%of 1,391
- Dividends + buybacks yield0% · cash paid out or used to retire shares, vs market capLowest 1%of 1,836
- Revenue growth, last 12 months+12% · vs the 12 months beforeTop 41%of 1,814
- Operating margin13% · of sales kept as operating profitTop 48%of 1,288
- Return on invested capital17% · profit per dollar of capitalTop 29%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $64.43 · MV $78.53 · FCF value $27.34
Assumes 10.8% growth for 5 years (revenue grew 10.8% a year FY22–FY25), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $2.64 a share (trailing 12 months to Jun 30, 2026), from the 10-Q filed Aug 5, 2026. Net cash $227M, not added.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ProfitabilityOperating margin widened to 14.4% in FY2025 from −5.9% in FY2023 (SEC filings).
Balance sheetNet cash of $227M: cash and short-term investments exceed debt (Jun 30, 2026).
ProfitabilityReturn on invested capital of 17%, above the 9.5% discount rate our DCF uses.
GrowthSales grew 12% to $1.5B over the last 12 months vs the 12 months before (SEC filings).
ProfitabilityReturn on equity of 15% over the last 12 months.
Top bearish points 5 of 5
ValuationOur DCF fair value estimate is $64.43, 20% below the price.
ProfitabilityReturn on equity fell 22 points in two fiscal years, to -20% in FY2025.
Cash returnsShare count up 2.9% over 12 months, above the +0.8% median for the 203 Health Care companies we cover.
ValuationEV/EBITDA of 17.9×, above the 17.4× median for the 88 Health Care companies we cover.
RiskReports earnings Nov 4 (consensus EPS $0.90): results can move the price sharply and reset Market Value.
All fundamentals
P/E 23.9 · FCF yield 3.3% · ROE 15%
Valuation
- P/E
- 23.9×Health Care median 29.0×
- Price / FCF
- 30.4×
- FCF yield
- 3.3%
- EV / EBITDA
- 17.9×
- Price / sales
- 3.07×
- Price / book
- 3.41×
- Market cap
- $4.5Bprice × diluted shares
- Enterprise value
- $4.3B
Growth
- Revenue, 12 months
- $1.5B
- Sales growth, 12 months
- +12.4%vs the 12 months before
- Sales growth, 3 yrs
- +10.8%/yrfrom FY2022
- Diluted EPS, 12 months
- $3.39
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $189M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 68.1%
- Operating margin
- 12.7%
- Net margin
- 12.8%
- FCF margin
- 10.1%
- Return on equity
- 15%
- Return on invested capital
- 17%
Balance sheet
- Cash & short-term inv.
- $517M
- Total debt
- $290M
- Net cash
- $227M
- Debt / equity
- 0.22×
- Interest coverage
- 5.4×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $148M
- FCF growth, 12 months
- −9%
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +2.9%diluted shares vs a year ago
- Stock-based comp
- $44M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From LivaNova’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.1B · Sales +11%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield3.3%
- Free-cash-flow margin4%
- Gross margin68%
- Operating margin14%
- Return on invested capital14%
- Return on equity15%
- Sales growth (latest quarter vs year-ago quarter)+11%
- Net debt / EBITDA−0.6×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $80.21
- 52-wk lowlowest close, 1 year$49.57−38.2%
- Fair value est.base case$64.43−19.7%
- Market Valueavg paid since Aug 5$78.53−2.1%
- PriceMon Nov 2 close$80.21you are here
- 52-wk highhighest close, 1 year$85.32+6.4%
Momentum & 52-week range
RSI 55 · 5 days −0.5%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, before the open
- Consensus EPS$0.90
- Year-ago EPS$0.97
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
LIVN is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on LivaNova in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
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Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.