A Business at a Glance
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OSI SYSTEMS INC
OSIS
$3.7B
Mkt Cap
$216.70
+1.08%
OSI SYSTEMS INC (OSIS) has a current P/E ratio of 24.5, compared to its historical median P/E of 24.9. The stock is currently considered Fair based on its historical valuation range.
OSI SYSTEMS INC (OSIS) has a 5-year average return on invested capital (ROIC) of 12.0%. This indicates solid capital allocation.
OSI SYSTEMS INC (OSIS) has a market capitalization of $3.6B. It is classified as a mid-cap stock.
OSI SYSTEMS INC (OSIS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.25%.
Based on historical P/E analysis, OSI SYSTEMS INC (OSIS) appears fair. The current P/E of 24.5 is 1% below its historical median of 24.9. The estimated fair value CAGR (P/E method) is 20.8%.
OSI SYSTEMS INC (OSIS) operates in the Semiconductors & Related Devices industry, within the Technology sector.
OSI SYSTEMS INC (OSIS) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. BUSINESS OSI Systems, Inc., together with our subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. We sell our products and provide related services in diversified markets, including homeland security, healthcare, defense and aerospace. Our company is incorporated in the State of Delaware and our principal office is located at 12525 Chadron Avenue, Hawthorne, California 90250. We have three operating divisions: (a) Security, providing security and inspection systems and turnkey security screening solutions; (b) Optoelectronics and Manufacturing, providing specialized electronic components for our Security and Healthcare divisions, as well as to third parties for applications in the defense and aerospace markets, among others; and (c) Healthcare, providing patient monitoring, cardiology and remote monitoring, and connected care systems and associated accessories.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.7B | 1.5B | 1.3B | 1.2B | 1.1B |
| Net Income | 152M | 150M | 128M | 92M | 115M | 74M |
| EPS | $9.14 | $8.71 | $7.38 | $5.34 | $6.45 | $4.03 |
| Free Cash Flow | 67M | 74M | -110M | 79M | 49M | 122M |
| ROIC | 11.3% | 13.5% | 12.6% | 11.6% | 11.6% | 10.6% |
| Gross Margin | 32.8% | 34.3% | 34.5% | 33.7% | 35.9% | 36.6% |
| Debt/Equity | 1.12 | 0.68 | 0.60 | 0.50 | 0.55 | 0.53 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 218M | 218M | 189M | 135M | 122M | 115M |
| Operating Margin | 12.1% | 12.7% | 12.3% | 10.6% | 10.3% | 10.1% |
| ROE | 17.0% | 16.5% | 14.8% | 12.6% | 18.1% | 11.6% |
| Shares Outstanding | 16M | 17M | 17M | 17M | 18M | 18M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 907M | 958M | 830M | 961M | 1.1B | 1.2B | 1.2B | 1.1B | 1.2B | 1.3B | 1.5B | 1.7B | 1.8B |
| Gross Margin | 33.6% | 34.0% | 33.4% | 33.7% | 36.0% | 36.4% | 36.1% | 36.6% | 35.9% | 33.7% | 34.5% | 34.3% | 32.8% |
| R&D | 45M | 52M | 50M | 51M | 61M | 57M | 57M | 54M | 60M | 59M | 65M | 73M | 78M |
| SG&A | 167M | 172M | 167M | 193M | 240M | 262M | 252M | 241M | 236M | 228M | 270M | 291M | 283M |
| EBIT | 81M | 92M | 38M | 33M | 56M | 108M | 105M | 115M | 122M | 135M | 189M | 218M | 218M |
| Op. Margin | 9.0% | 9.6% | 4.6% | 3.5% | 5.1% | 9.1% | 9.0% | 10.1% | 10.3% | 10.6% | 12.3% | 12.7% | 12.1% |
| Net Income | 48M | 65M | 26M | 21M | -29M | 65M | 75M | 74M | 115M | 92M | 128M | 150M | 152M |
| Net Margin | 5.3% | 6.8% | 3.2% | 2.2% | -2.7% | 5.5% | 6.5% | 6.5% | 9.7% | 7.2% | 8.3% | 8.7% | 8.4% |
| Non-Recurring | 12M | 9.8M | 22M | 49M | 27M | 12M | 12M | 10M | 7.5M | 7.6M | 6.4M | 5.3M | 13M |
| Returns on Capital | |||||||||||||
| ROIC | 10.4% | 12.6% | 5.1% | 4.1% | 4.4% | 11.5% | 12.3% | 10.6% | 11.6% | 11.6% | 12.6% | 13.5% | 11.3% |
| ROE | 9.5% | 11.7% | 4.7% | 3.8% | -5.5% | 11.7% | 13.2% | 11.6% | 18.1% | 12.6% | 14.8% | 16.5% | 17.0% |
| ROA | 4.9% | 6.7% | 2.7% | 1.9% | -2.3% | 5.1% | 5.9% | 5.3% | 8.0% | 5.9% | 6.6% | 7.2% | 6.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 129M | 105M | 59M | 63M | 133M | 119M | 129M | 139M | 64M | 95M | -88M | 98M | 94M |
| Free Cash Flow | 75M | 90M | 42M | 46M | 90M | 92M | 109M | 122M | 49M | 79M | -110M | 74M | 67M |
| Owner Earnings | 58M | 24M | -19M | -32M | 40M | 38M | 56M | 68M | -2.9M | 27M | -158M | 22M | 25M |
| CapEx | 55M | 15M | 18M | 17M | 43M | 27M | 20M | 17M | 15M | 16M | 22M | 24M | 27M |
| Maint. CapEx | 54M | 59M | 58M | 68M | 70M | 56M | 50M | 44M | 39M | 39M | 42M | 44M | 40M |
| Growth CapEx | 359K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 54M | 59M | 58M | 68M | 70M | 56M | 50M | 44M | 39M | 39M | 42M | 44M | 40M |
| CapEx/OCF | 42.3% | 14.5% | 29.9% | 27.2% | 32.5% | 23.0% | 15.8% | 12.1% | 23.4% | 16.7% | N/A | 24.4% | 29.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 12M | 31M | 73M | 48M | 63M | 21M | 52M | 37M | 112M | 35M | 0 | 80M | 80M |
| Buyback Yield | 0.9% | 2.0% | 6.6% | 3.3% | 4.4% | 1.0% | 4.0% | 2.0% | 7.3% | 1.7% | N/A | 2.1% | 2.3% |
| Stock-Based Comp | 17M | 23M | 21M | 26M | 24M | 25M | 24M | 27M | 28M | 29M | 29M | 32M | 29M |
| Debt Repayment | 3.7M | 3.2M | 2.9M | 4.1M | 2.6M | 3.1M | 970K | 1.1M | 46M | 250M | 8.4M | 8.3M | 8.3M |
| Balance Sheet | |||||||||||||
| Net Debt | -1.6M | -36M | 29M | 177M | 279M | 154M | 175M | 175M | 225M | 206M | 331M | 437M | 657M |
| Cash & Equiv. | 39M | 48M | 104M | 170M | 85M | 96M | 76M | 81M | 64M | 77M | 95M | 106M | 345M |
| Long-Term Debt | 10M | 8.6M | 6.1M | 242M | 249M | 258M | 267M | 276M | 49M | 136M | 129M | 464M | 999M |
| Debt/Equity | 0.07 | 0.02 | 0.25 | 0.61 | 0.74 | 0.63 | 0.57 | 0.53 | 0.55 | 0.50 | 0.60 | 0.68 | 1.12 |
| Interest Coverage | 14.9 | 28.3 | 13.5 | 3.5 | 2.9 | 9.1 | 13.6 | 19.3 | 17.4 | 6.7 | 7.1 | 8.1 | 8.1 |
| Equity | 532M | 582M | 541M | 569M | 489M | 552M | 572M | 640M | 638M | 726M | 863M | 951M | 894M |
| Total Assets | 1.0B | 937M | 992M | 1.2B | 1.3B | 1.3B | 1.3B | 1.4B | 1.4B | 1.6B | 1.9B | 2.2B | 2.6B |
| Total Liabilities | 479M | 356M | 451M | 661M | 766M | 713M | 696M | 745M | 805M | 830M | 1.1B | 1.3B | 1.7B |
| Intangibles | 44M | 50M | 56M | 118M | 142M | 133M | 128M | 128M | 138M | 141M | 140M | 183M | 183M |
| Retained Earnings | 248M | 313M | 339M | 364M | 335M | 400M | 475M | 549M | 664M | 736M | 861M | 942M | 902M |
| Working Capital | 264M | 255M | 187M | 307M | 207M | 259M | 288M | 365M | 132M | 268M | 401M | 726M | 1.2B |
| Current Assets | 566M | 497M | 555M | 653M | 651M | 641M | 618M | 709M | 746M | 840M | 1.2B | 1.4B | 1.7B |
| Current Liabilities | 303M | 242M | 368M | 346M | 443M | 382M | 330M | 345M | 614M | 572M | 815M | 697M | 529M |
| Per Share Data | |||||||||||||
| EPS | 2.33 | 3.17 | 1.30 | 1.07 | -1.57 | 3.46 | 4.05 | 4.03 | 6.45 | 5.34 | 7.38 | 8.71 | 9.14 |
| Owner EPS | 2.82 | 1.15 | -0.97 | -1.60 | 2.13 | 2.01 | 2.99 | 3.72 | -0.16 | 1.58 | -9.12 | 1.28 | 1.50 |
| Book Value | 25.89 | 28.31 | 26.88 | 28.90 | 26.38 | 29.46 | 30.79 | 34.82 | 35.70 | 42.25 | 49.73 | 55.36 | 54.26 |
| Cash Flow/Share | 6.28 | 5.11 | 2.94 | 3.19 | 7.17 | 6.36 | 6.95 | 7.57 | 3.57 | 5.52 | -5.04 | 5.68 | 11.68 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 20.6M | 20.6M | 20.1M | 19.7M | 18.6M | 18.7M | 18.6M | 18.4M | 17.9M | 17.2M | 17.4M | 17.2M | 16.5M |
| Valuation | |||||||||||||
| P/E Ratio | 28.4 | 23.0 | 42.6 | 70.3 | N/A | 32.6 | 17.3 | 24.9 | 13.2 | 22.0 | 18.6 | 25.7 | 23.7 |
| P/FCF | 18.3 | 16.7 | 26.8 | 32.4 | 16.1 | 23.0 | 12.0 | 15.1 | 31.2 | 25.6 | N/A | 52.2 | 53.3 |
| EV/EBIT | 16.3 | 15.4 | 27.1 | 44.7 | 29.3 | 21.0 | 14.1 | 17.0 | 14.4 | 16.5 | 14.4 | 19.7 | 19.4 |
| Price/Book | 2.6 | 2.6 | 2.1 | 2.6 | 3.0 | 3.8 | 2.3 | 2.9 | 2.4 | 2.8 | 2.8 | 4.0 | 4.0 |
| Price/Sales | 1.5 | 1.5 | 1.7 | 1.5 | 1.3 | 1.3 | 1.5 | 1.4 | 1.4 | 1.3 | 1.4 | 1.8 | 2.0 |
| FCF Yield | 5.5% | 6.0% | 3.7% | 3.1% | 6.2% | 4.3% | 8.3% | 6.6% | 3.2% | 3.9% | -4.6% | 1.9% | 1.9% |
| Market Cap | 1.4B | 1.5B | 1.1B | 1.5B | 1.4B | 2.1B | 1.3B | 1.8B | 1.5B | 2.0B | 2.4B | 3.8B | 3.6B |
| Avg. Price | 64.80 | 69.60 | 70.40 | 71.02 | 75.06 | 83.51 | 91.59 | 87.75 | 89.59 | 93.69 | 127.08 | 175.69 | 216.70 |
| Year-End Price | 66.26 | 73.05 | 55.41 | 75.23 | 77.87 | 112.63 | 70.13 | 100.40 | 85.24 | 117.60 | 137.52 | 224.05 | 216.70 |
OSI SYSTEMS INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
OSI SYSTEMS INC trades at 24.5x trailing earnings, compared to its 15-year median P/E of 24.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 26.0x vs a median of 25.6x. The company's 5-year average ROIC is 12.0% with a gross margin of 35.0%. Total shareholder yield (buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is -4.7%.
OSI SYSTEMS INC (OSIS) has a net profit margin of 8.7%. This is a modest margin.
OSI SYSTEMS INC (OSIS) generated $74 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OSI SYSTEMS INC (OSIS) has a debt-to-equity ratio of 0.68. This indicates moderate leverage.
OSI SYSTEMS INC (OSIS) reported earnings per share (EPS) of $8.71 in its most recent fiscal year.
OSI SYSTEMS INC (OSIS) has a return on equity (ROE) of 16.5%. This indicates the company generates strong returns for shareholders.
OSI SYSTEMS INC (OSIS) has a 5-year average gross margin of 35.0%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for OSI SYSTEMS INC (OSIS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OSI SYSTEMS INC (OSIS) has a book value per share of $55.36, based on its most recent annual SEC filing.
No recent press releases.