Obermatt

Inspire Medical Systems

NYQ:INSP · US4577301090
Health Care Equipment & SuppliesMedium

360

66
EV / EBIT1
Price / Owner Earnings43
Owner Earnings Yield94
Dividend Yield1
Price/Sales79
EV / Gross Profit95
Price/Book62
Return on Capital59
Cash Return on Capital88
Return on Equity89
EBIT Margin46
Gross Profitability98
Cash Conversion9
Accruals49
Owner Earnings Margin86
Sales growth6
Profit Growth64
Long-Term EPS Growth1
Owner Earnings Growth100
Reinvestment53
Price momentum1
Debt load93
Refinancing84
Debt Payback100
Liquidity100
Analyst ratings7
Opinion Changes25
Price Target Upside34
Market mood55
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Inspire Medical Systems clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryHealth Care Equipment & Supplies
SizeMedium
TypePublic Company
ExchangeNYSE
Founded2007
Employees1,219
ISINUS4577301090
Last UpdateApr 2, 2026
Themes
Ear Nose & Throat (ENT)NeurologyRespiratoryBiomedical EngineeringSleep TechnologyCentral Nervous SystemNeuroscienceBiotechnologyHealth CareMedical DeviceTherapeutics

Description

Inspire Medical Systems, Inc. operates as a medical technology company. The company focuses on the development and commercialization of, minimally invasive solutions for patients with obstructive sleep apnea (OSA). The company’s proprietary Inspire…

Analysis

Middle-of-the-road

Inspire Medical Systems, Inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 11.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -1% a year, against analyst forecasts of -18%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is tepid; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
45
2023202420252026

All-time high

98

Jan 2025

All-time low

32

Jan 2024

Average rank

56

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
79
22
19
1
Price/Earnings
14
5
20
10
Price/Book
62
32
19
4
Dividend Yield
1
1
1
1
Value (overall)
56
9
19
7

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →