Insider share sale at current price, lack of insider buying, and insignificant insider ownership suggest caution before buying the stock, despite company's profitability and profit growth.

The company's consistent but low ROCE and the increase in capital employed without a corresponding increase in returns may be factors contributing to its relatively modest stock gain. The analysis suggests looking at other options for potential multi-baggers.

MMSI's shares are trading above fair value due to its positive outlook. Despite overvaluation, the company's expected higher cash flow could lead to a higher share valuation.

Merit Medical Systems' strong EPS growth is attractive to investors, as is the fact that insiders hold a substantial stake in the company. Because of this, further investigation into the company's true value is recommended.

The business isn't making high-return investments despite an increase in its capital employed. Even though Merit Medical Systems is increasing its capital, diminishing returns on said capital make it less attractive as a high-value growth stock.

The market sentiment looks positive as Merit Medical Systems turned profitable in the recent years. The company shows signs of improvement over time, with its gains better than the average annual return over the past five years.