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Cardiovascular Systems logo
Cardiovascular Systems CSII
report update icon

Quarterly report 2023-Q2
added 05-30-2026

Cardiovascular Systems Financial Ratios 2022-2009 | CSII

Brief overview of Cardiovascular Systems's multiples and efficiency

The review covers five available annual periods spanning 2018 to 2022.

Key multiples at the end of the period are EV/EBITDA 541.08x (median 249.57x), P/S 2.55x (median 5.09x), P/B 2.41x (median 5.27x). The combined multiple level is about 24% below the company's historical norm, suggesting more cautious expectations.

Returns on assets and capital are represented by ROE -14.8%, ROA -11.4%, ROCE -14.4%. Returns below zero mean resources are not producing positive profit. Recovery in operating results is the main reference point.

Current PEG is 0.1x; the market pays comparatively little per unit of expected growth.

The cash cycle accelerated by 65.8 days to 172.2 days. Less capital is tied up in operations.

Overall picture

Cardiovascular Systems trades below its own history, but weak profitability may explain the discount. Low multiples alone do not prove undervaluation.

Annual Financial Ratios Cardiovascular Systems

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
-16.3 -60.9 -52.0 -4947.5 2382.8 -1864.0 886.0 -17.4 -202.4 -87.7 -49.4 -12.9 - -

P/S

2.5 3.2 6.0 5.1 19.5 14.6 5.2 1.5 7.8 7.3 3.5 1.8 - -

EPS

-0.9 -0.3 -0.8 -0.1 0.0 -0.0 0.0 -0.5 -0.2 -0.3 -0.3 -0.7 -1.6 -

EV (Enterprise Value)

609 M 828 M 1.3 B 1.26 B 1.12 B 737 M 905 M 212 M 970 M 721 M 281 M 148 M -23.7 M -33.4 M

EBITDA per Share

-0.82 -0.23 -0.7 0.07 0.18 0.07 -1.61 -0.97 -1.14 -1.03 -0.8 -0.55 -1.55 -

EV/EBITDA

-19.0 -93.7 -54.6 541.1 188.6 310.5 -17.3 -6.9 -30.1 -32.3 -19.5 -16.9 1.0 -

PEG

0.1 0.26 0.25 -578.64 104.02 672.88 32.58 -15.94 1.82 0.92 0.3 -0.38 - -

P/B

2.4 3.0 5.3 8.5 8.7 6.5 9.2 1.9 7.0 11.4 8.9 6.7 - -

P/CF

-24.8 -925.1 -110.9 123.6 121.2 39.3 -39.2 -11.8 -39.8 -70.5 -25.1 -17.2 - -

ROE %

-14.80 -4.95 -10.13 -0.17 0.37 -0.35 1.03 -10.87 -3.47 -12.95 -17.92 -51.42 -134.94 -

ROA %

-11.45 -3.81 -8.02 -0.12 0.24 -0.21 0.73 -8.85 -2.90 -8.94 -9.14 -23.79 - -

ROCE %

-14.35 -4.40 -9.96 -0.47 1.35 -1.01 -52.45 -23.07 -22.01 -30.10 -31.95 -27.90 -129.26 -

Current Ratio

4.4 4.3 4.8 3.1 3.0 2.6 3.4 5.4 6.1 3.2 2.0 1.9 - -

DSO

61.6 46.0 47.2 49.5 181.0 178.9 55.3 52.5 48.2 49.8 59.5 30.7 - -

DIO

192.4 179.2 171.3 132.7 154.9 158.9 179.7 129.0 151.6 93.5 134.1 130.5 - -

DPO

81.8 76.4 85.1 82.8 97.9 89.0 87.7 90.2 149.3 108.2 106.6 116.2 - -

Operating Cycle

254.0 225.2 218.5 182.2 335.8 337.8 235.0 181.5 199.8 143.3 193.6 161.2 - -

Cash Conversion Cycle

172.2 148.7 133.4 99.3 237.9 248.8 147.3 91.3 50.5 35.1 87.1 45.0 - -

All numbers in USD currency

Quarterly Financial Ratios Cardiovascular Systems

2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

-0.2 -0.27 -0.2 -0.25 -0.23 -0.22 -0.23 -0.22 -0.15 -0.15 - -0.05 -0.1 -0.17 -0.1 0.02 0.01 -0.09 0.01 0.01 -0.01 -0.06 -0.01 -0.05 0.03 -0.06 0.03 -0.69 -0.47 -0.41 -0.47 -0.34 -0.17 -0.26 -0.17 -0.32 -0.32 -0.29 -0.32 -0.29 -0.28 -0.26 -0.28 -0.23 -0.23 -0.22 -0.23 -0.22 -0.23 -0.22

EBITDA per Share

-0.17 -0.25 -0.21 -0.17 -0.17 -0.18 -0.21 -0.18 -0.09 -0.14 0.02 -0.02 -0.06 -0.15 -0.09 0.09 0.06 -0.06 0.01 0.1 0.05 -0.02 -0.01 0.04 0.09 -0.03 0.03 -0.61 -0.41 -0.38 -0.47 -0.29 -0.14 -0.25 -0.17 -0.31 -0.27 -0.28 -0.28 -0.25 -0.24 -0.25 -0.25 -0.2 -0.2 -0.17 -0.21 -0.17 -0.22 -0.18

ROE %

-14.79 -14.95 -13.83 -13.99 -13.46 -12.22 -12.22 -8.79 -6.29 -6.44 -7.24 -9.59 -8.34 -5.61 -3.70 -0.97 -1.16 -1.85 -1.34 -2.02 -3.85 -2.59 -2.75 -1.48 -22.26 -35.70 -44.05 -57.48 -42.62 -33.68 -29.07 -20.12 -18.87 -20.86 -26.49 -28.48 -31.15 -45.38 -52.19 -66.42 -79.20 -78.31 -76.86 -75.96 -70.82 -71.05 -72.36 -16.53 -19.11 -17.84

ROA %

-11.45 -11.67 -10.85 -11.07 -10.68 -9.67 -9.52 -6.78 -4.80 -4.58 -4.80 -6.30 -5.38 -3.62 -2.40 -0.65 -0.78 -1.23 -0.83 -1.29 -2.41 -1.53 -1.84 -0.96 -15.69 -26.38 -33.20 -43.88 -34.19 -27.08 -23.42 -16.31 -15.58 -17.45 -20.60 -22.47 -23.51 -28.91 -29.91 -35.31 -37.44 -35.21 -34.53 -32.30 -31.88 -32.77 -33.04 -7.99 -8.84 -8.25

ROCE %

-15.43 -15.17 -13.75 -13.48 -12.76 -11.55 -10.62 -7.22 -4.75 -5.02 -7.04 -9.50 -8.53 -5.90 -3.93 -1.30 -1.27 -1.77 -1.02 -1.52 -3.45 -2.27 -2.62 -1.43 -22.21 -35.67 -43.99 -57.44 -42.49 -33.55 -28.93 -19.99 -18.74 -19.99 -24.10 -25.35 -26.06 -34.16 -37.30 -45.40 -49.60 -46.40 -42.98 -39.77 -38.06 -39.95 -40.44 -9.33 -11.59 -9.82

Current Ratio

4.3 4.5 4.3 4.6 4.9 4.8 4.9 4.8 4.5 4.3 4.7 4.7 2.8 2.9 2.8 3.0 3.0 3.0 3.0 2.9 2.9 2.7 2.9 2.5 3.4 3.9 3.4 3.4 5.0 5.1 5.0 5.0 5.6 5.4 5.6 6.4 7.3 3.2 7.3 3.4 2.1 1.9 2.1 1.6 1.7 1.9 1.7 1.9 1.9 1.9

DSO

59.8 61.5 55.6 56.5 55.1 55.8 55.1 58.2 56.3 52.3 44.4 49.6 47.0 49.9 47.3 46.8 45.6 48.8 46.9 48.5 41.8 44.7 48.3 48.9 - - - - - - - - - - - - - - - - - - - - - - - - - -

DIO

195.6 216.2 183.0 199.1 163.6 206.6 163.6 212.0 213.8 211.0 202.1 183.8 136.2 147.5 135.6 146.2 150.2 163.0 145.8 148.4 136.9 148.6 163.3 162.5 - - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

83.6 92.5 75.8 80.5 64.1 81.0 64.1 81.5 87.0 90.3 88.8 108.9 98.7 106.8 96.3 95.2 103.4 112.2 90.8 84.4 81.1 88.0 89.0 81.5 - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

- - 255.3 259.2 115.5 255.5 218.7 268.4 122.2 263.4 246.5 248.1 209.6 219.7 183.3 185.2 168.2 182.5 195.8 199.6 179.3 194.6 213.2 219.5 - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash Conversion Cycle

- - 171.7 174.2 79.2 175.1 154.5 182.4 82.5 173.1 157.7 157.4 128.4 108.5 84.6 97.7 93.8 95.4 92.4 98.5 96.3 107.7 115.3 113.3 - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Cardiovascular Systems, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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