Glaukos: Still Bullish, But Embedded Expectations Are Now High
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Glaukos Corporation (GKOS) is expected to grow sales at a CAGR of ~20% until FY'27, potentially reaching $680 million in revenues and $90-$100 million in post-tax earnings. The stock is valued at 21x sales, with high growth expectations but a 27% margin of safety. Growth is supported by efficient assets and strong cash conversion, driven by iDose TR and iStent infinite uptake.
December 21, 2024 | 12:30 pm
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Glaukos Corporation is expected to achieve significant growth with a CAGR of ~20% until FY'27, potentially reaching $680 million in revenues. The stock is currently valued at 21x sales, indicating high growth expectations, but a 27% margin of safety exists.
The article highlights Glaukos's strong growth potential and efficient asset base, which supports sustainable growth. The high valuation at 21x sales reflects high expectations, but the 27% margin of safety suggests potential for stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100