ENVISTA HOLDINGS CORP (NVST) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NVST - US29415F1049 - Common Stock
23.21 USD
+0.66 (+2.93%)
23.35 USD
+0.14 (+0.6%)
Overall NVST gets a fundamental rating of 5 out of 10. We evaluated NVST against 185 industry peers in the Health Care Equipment & Supplies industry. Both the profitability and the financial health of NVST get a neutral evaluation. Nothing too spectacular is happening here. NVST has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
NVST had positive earnings in the past year.
NVST had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NVST reported negative net income in multiple years.
Each year in the past 5 years NVST had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.27%, NVST is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
The Return On Equity of NVST (0.50%) is better than 73.51% of its industry peers.
NVST's Return On Invested Capital of 3.67% is fine compared to the rest of the industry. NVST outperforms 71.35% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NVST is below the industry average of 8.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.5% | ||
| ROIC | 3.67% |
ROA(3y)-6.24%
ROA(5y)-2.61%
ROE(3y)-11.58%
ROE(5y)-5.09%
ROIC(3y)4.17%
ROIC(5y)4.15%
1.3 Margins
With a decent Profit Margin value of 0.58%, NVST is doing good in the industry, outperforming 72.97% of the companies in the same industry.
NVST has a Operating Margin of 8.55%. This is in the better half of the industry: NVST outperforms 76.76% of its industry peers.
NVST's Operating Margin has declined in the last couple of years.
NVST's Gross Margin of 55.55% is in line compared to the rest of the industry. NVST outperforms 54.05% of its industry peers.
In the last couple of years the Gross Margin of NVST has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.55% | ||
| PM (TTM) | 0.58% | ||
| GM | 55.55% |
OM growth 3Y-26.92%
OM growth 5Y-10.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.9%
GM growth 5Y-1.29%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NVST is destroying value.
Compared to 1 year ago, NVST has more shares outstanding
The number of shares outstanding for NVST has been increased compared to 5 years ago.
The debt/assets ratio for NVST is higher compared to a year ago.
2.2 Solvency
NVST has an Altman-Z score of 1.61. This is a bad value and indicates that NVST is not financially healthy and even has some risk of bankruptcy.
NVST has a Altman-Z score (1.61) which is comparable to the rest of the industry.
The Debt to FCF ratio of NVST is 5.51, which is a neutral value as it means it would take NVST, 5.51 years of fcf income to pay off all of its debts.
NVST's Debt to FCF ratio of 5.51 is fine compared to the rest of the industry. NVST outperforms 78.92% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that NVST is not too dependend on debt financing.
NVST has a Debt to Equity ratio of 0.47. This is comparable to the rest of the industry: NVST outperforms 44.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.51 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.4
WACC9.14%
2.3 Liquidity
A Current Ratio of 2.37 indicates that NVST has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.37, NVST is in line with its industry, outperforming 46.49% of the companies in the same industry.
NVST has a Quick Ratio of 2.02. This indicates that NVST is financially healthy and has no problem in meeting its short term obligations.
NVST has a Quick ratio (2.02) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.37 | ||
| Quick Ratio | 2.02 |
3. Growth
3.1 Past
NVST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.90%, which is quite impressive.
NVST shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -28.29% yearly.
The Revenue has been growing slightly by 4.73% in the past year.
The Revenue has been growing slightly by 1.90% on average over the past years.
EPS 1Y (TTM)35.9%
EPS 3Y-28.29%
EPS 5YN/A
EPS Q2Q%166.67%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y0.02%
Revenue growth 5Y1.9%
Sales Q2Q%11.46%
3.2 Future
Based on estimates for the next years, NVST will show a very strong growth in Earnings Per Share. The EPS will grow by 33.46% on average per year.
NVST is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.74% yearly.
EPS Next Y59.27%
EPS Next 2Y33.33%
EPS Next 3Y25.31%
EPS Next 5Y33.46%
Revenue Next Year5.6%
Revenue Next 2Y4.59%
Revenue Next 3Y4.22%
Revenue Next 5Y7.74%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
NVST is valuated rather expensively with a Price/Earnings ratio of 21.90.
Based on the Price/Earnings ratio, NVST is valued cheaper than 81.62% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.17. NVST is around the same levels.
A Price/Forward Earnings ratio of 17.89 indicates a rather expensive valuation of NVST.
84.86% of the companies in the same industry are more expensive than NVST, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.79. NVST is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.9 | ||
| Fwd PE | 17.89 |
4.2 Price Multiples
87.57% of the companies in the same industry are more expensive than NVST, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, NVST is valued cheaply inside the industry as 94.59% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.54 | ||
| EV/EBITDA | 12.18 |
4.3 Compensation for Growth
NVST's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NVST's earnings are expected to grow with 25.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y33.33%
EPS Next 3Y25.31%
5. Dividend
5.1 Amount
NVST does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
23.21
+0.66 (+2.93%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners116.1%
Inst Owner Change0%
Ins Owners0.38%
Ins Owner Change-4.55%
Market Cap3.82B
Revenue(TTM)2.62B
Net Income(TTM)15.30M
Analysts73
Price Target22.75 (-1.98%)
Short Float %5.99%
Short Ratio4.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.76%
Min EPS beat(2)8.83%
Max EPS beat(2)14.68%
EPS beat(4)4
Avg EPS beat(4)11.37%
Min EPS beat(4)7.34%
Max EPS beat(4)14.68%
EPS beat(8)5
Avg EPS beat(8)-2.52%
EPS beat(12)7
Avg EPS beat(12)-2.56%
EPS beat(16)10
Avg EPS beat(16)-1.15%
Revenue beat(2)2
Avg Revenue beat(2)3.55%
Min Revenue beat(2)2.64%
Max Revenue beat(2)4.46%
Revenue beat(4)2
Avg Revenue beat(4)1.49%
Min Revenue beat(4)-0.9%
Max Revenue beat(4)4.46%
Revenue beat(8)2
Avg Revenue beat(8)-0.44%
Revenue beat(12)2
Avg Revenue beat(12)-1.12%
Revenue beat(16)3
Avg Revenue beat(16)-1.17%
PT rev (1m)0.57%
PT rev (3m)3.54%
EPS NQ rev (1m)-0.06%
EPS NQ rev (3m)-3.79%
EPS NY rev (1m)0.01%
EPS NY rev (3m)2.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.9 | ||
| Fwd PE | 17.89 | ||
| P/S | 1.46 | ||
| P/FCF | 14.54 | ||
| P/OCF | 12.72 | ||
| P/B | 1.24 | ||
| P/tB | 47.88 | ||
| EV/EBITDA | 12.18 |
EPS(TTM)1.06
EY4.57%
EPS(NY)1.3
Fwd EY5.59%
FCF(TTM)1.6
FCFY6.88%
OCF(TTM)1.83
OCFY7.86%
SpS15.94
BVpS18.78
TBVpS0.48
PEG (NY)0.37
PEG (5Y)N/A
Graham Number21.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.5% | ||
| ROCE | 4.65% | ||
| ROIC | 3.67% | ||
| ROICexc | 4.8% | ||
| ROICexgc | 26.11% | ||
| OM | 8.55% | ||
| PM (TTM) | 0.58% | ||
| GM | 55.55% | ||
| FCFM | 10.01% |
ROA(3y)-6.24%
ROA(5y)-2.61%
ROE(3y)-11.58%
ROE(5y)-5.09%
ROIC(3y)4.17%
ROIC(5y)4.15%
ROICexc(3y)4.97%
ROICexc(5y)5.02%
ROICexgc(3y)81.26%
ROICexgc(5y)N/A
ROCE(3y)5.28%
ROCE(5y)5.25%
ROICexgc growth 3Y-55.07%
ROICexgc growth 5Y-3.56%
ROICexc growth 3Y-21.01%
ROICexc growth 5Y-0.5%
OM growth 3Y-26.92%
OM growth 5Y-10.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.9%
GM growth 5Y-1.29%
F-Score8
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.51 | ||
| Debt/EBITDA | 4.26 | ||
| Cap/Depr | 32.78% | ||
| Cap/Sales | 1.43% | ||
| Interest Coverage | 6.16 | ||
| Cash Conversion | 88.55% | ||
| Profit Quality | 1715.69% | ||
| Current Ratio | 2.37 | ||
| Quick Ratio | 2.02 | ||
| Altman-Z | 1.61 |
F-Score8
WACC9.14%
ROIC/WACC0.4
Cap/Depr(3y)41.77%
Cap/Depr(5y)41.11%
Cap/Sales(3y)2.19%
Cap/Sales(5y)2.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)35.9%
EPS 3Y-28.29%
EPS 5YN/A
EPS Q2Q%166.67%
EPS Next Y59.27%
EPS Next 2Y33.33%
EPS Next 3Y25.31%
EPS Next 5Y33.46%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y0.02%
Revenue growth 5Y1.9%
Sales Q2Q%11.46%
Revenue Next Year5.6%
Revenue Next 2Y4.59%
Revenue Next 3Y4.22%
Revenue Next 5Y7.74%
EBIT growth 1Y37.8%
EBIT growth 3Y-26.9%
EBIT growth 5Y-8.72%
EBIT Next Year50.44%
EBIT Next 3Y19.82%
EBIT Next 5Y29.05%
FCF growth 1Y20.91%
FCF growth 3Y-0.46%
FCF growth 5Y-1.09%
OCF growth 1Y5.67%
OCF growth 3Y-2.37%
OCF growth 5Y-3.28%
ENVISTA HOLDINGS CORP / NVST FAQ
What is the fundamental rating for NVST stock?
ChartMill assigns a fundamental rating of 5 / 10 to NVST.
What is the valuation status of ENVISTA HOLDINGS CORP (NVST) stock?
ChartMill assigns a valuation rating of 6 / 10 to ENVISTA HOLDINGS CORP (NVST). This can be considered as Fairly Valued.
What is the profitability of NVST stock?
ENVISTA HOLDINGS CORP (NVST) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for NVST stock?
The Price/Earnings (PE) ratio for ENVISTA HOLDINGS CORP (NVST) is 21.9 and the Price/Book (PB) ratio is 1.24.