Globus Medical
Globus Medical - Minimally Invasive Spine Surgery, Scoliosis.
Launch date
Employees
Market cap
AUD14.6b
Enterprise valuation
AUD14.7b (Public information from Sep 2024)
Share price
$70.6 GMED
Lower Providence Township Pennsylvania (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 789m | 958m | 1.0b | 1.6b | 2.5b | 2.7b | 2.8b |
| % growth | - | 21 % | 7 % | 53 % | 58 % | 7 % | 7 % |
| EBITDA | 183m | 289m | 314m | 401m | 730m | 849m | 952m |
| % EBITDA margin | 23 % | 30 % | 31 % | 26 % | 29 % | 32 % | 33 % |
| Profit | 102m | 149m | 190m | 123m | 124m | 384m | 441m |
| % profit margin | 13 % | 16 % | 19 % | 8 % | 5 % | 14 % | 16 % |
| EV / revenue | 7.8x | 7.2x | 6.8x | 4.6x | 3.8x | 3.4x | 3.0x |
| EV / EBITDA | 33.9x | 23.8x | 22.2x | 18.1x | 13.1x | 10.7x | 8.9x |
| R&D budget | 84.5m | 97.3m | 73.0m | 124m | - | - | - |
| R&D % of revenue | 11 % | 10 % | 7 % | 8 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $2.1m | Series A | |
| N/A | $3.0m | Series B | |
| N/A | $4.0m | Series C | |
| N/A | $9.5m | Series D | |
* | $110m | Series E | |
| N/A | $99.0m | IPO | |
| Total Funding | AUD199m | ||
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ACQUISITION by Globus Medical Jan 2011
ACQUISITION by Globus Medical Sep 2023
ACQUISITION by Globus Medical Aug 2017
ACQUISITION by Globus Medical Sep 2018
ACQUISITION by Globus Medical Sep 2019