ENVISTA HOLDINGS CORP (NVST)
US29415F1049 - Common Stock
Taking everything into account, NVST scores 4 out of 10 in our fundamental rating. NVST was compared to 188 industry peers in the Health Care Equipment & Supplies industry. NVST has only an average score on both its financial health and profitability. NVST is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NVST had positive earnings in the past year.
In the past year NVST had a positive cash flow from operations.
NVST had positive earnings in 4 of the past 5 years.
NVST had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -24.27%, NVST perfoms like the industry average, outperforming 48.66% of the companies in the same industry.
The Return On Equity of NVST (-43.52%) is comparable to the rest of the industry.
NVST has a Return On Invested Capital of 2.94%. This is in the better half of the industry: NVST outperforms 72.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NVST is below the industry average of 8.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -24.27% | ||
| ROE | -43.52% | ||
| ROIC | 2.94% |
ROA(3y)2.45%
ROA(5y)2.27%
ROE(3y)3.92%
ROE(5y)3.76%
ROIC(3y)5.53%
ROIC(5y)4.57%
1.3 Margins
NVST has a Operating Margin of 6.50%. This is in the better half of the industry: NVST outperforms 72.73% of its industry peers.
NVST's Operating Margin has improved in the last couple of years.
NVST has a Gross Margin (54.20%) which is in line with 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 | 6.5% | ||
| PM (TTM) | N/A | ||
| GM | 54.2% |
OM growth 3Y16.44%
OM growth 5Y3.83%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.53%
GM growth 5Y0.07%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NVST is destroying value.
The number of shares outstanding for NVST has been increased compared to 1 year ago.
Compared to 5 years ago, NVST has more shares outstanding
NVST has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that NVST is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NVST (1.54) is comparable to the rest of the industry.
The Debt to FCF ratio of NVST is 5.21, which is a neutral value as it means it would take NVST, 5.21 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of NVST (5.21) is better than 79.14% of its industry peers.
NVST has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
NVST has a Debt to Equity ratio of 0.42. This is comparable to the rest of the industry: NVST outperforms 41.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 5.21 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.35
WACC8.47%
2.3 Liquidity
A Current Ratio of 2.08 indicates that NVST has no problem at all paying its short term obligations.
NVST has a Current ratio of 2.08. This is in the lower half of the industry: NVST underperforms 67.38% of its industry peers.
A Quick Ratio of 1.77 indicates that NVST should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.77, NVST perfoms like the industry average, outperforming 43.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
The earnings per share for NVST have decreased strongly by -55.68% in the last year.
Measured over the past years, NVST shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.41% on average per year.
NVST shows a decrease in Revenue. In the last year, the revenue decreased by -3.04%.
Measured over the past years, NVST shows a decrease in Revenue. The Revenue has been decreasing by -2.04% on average per year.
EPS 1Y (TTM)-55.68%
EPS 3Y16.41%
EPS 5YN/A
EPS Q2Q%-72.09%
Revenue 1Y (TTM)-3.04%
Revenue growth 3Y9.98%
Revenue growth 5Y-2.04%
Sales Q2Q%-4.8%
3.2 Future
NVST is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.46% yearly.
NVST is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.29% yearly.
EPS Next Y-51.76%
EPS Next 2Y-12.7%
EPS Next 3Y-4.14%
EPS Next 5Y13.46%
Revenue Next Year-2.07%
Revenue Next 2Y0.4%
Revenue Next 3Y1.44%
Revenue Next 5Y6.29%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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 quite expensively with a Price/Earnings ratio of 27.54.
NVST's Price/Earnings ratio is rather cheap when compared to the industry. NVST is cheaper than 80.75% of the companies in the same industry.
NVST is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 29.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 18.42 indicates a rather expensive valuation of NVST.
Based on the Price/Forward Earnings ratio, NVST is valued cheaply inside the industry as 85.56% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.00, NVST is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.54 | ||
| Fwd PE | 18.42 |
4.2 Price Multiples
NVST's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NVST is cheaper than 88.24% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NVST indicates a rather cheap valuation: NVST is cheaper than 94.65% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.56 | ||
| EV/EBITDA | 14.13 |
4.3 Compensation for Growth
NVST's earnings are expected to decrease with -4.14% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.7%
EPS Next 3Y-4.14%
5. Dividend
5.1 Amount
NVST does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ENVISTA HOLDINGS CORP
NYSE:NVST (11/22/2024, 4:15:00 PM)
After market: 21.48 0 (0%)21.48
+0.09 (+0.42%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.70B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.54 | ||
| Fwd PE | 18.42 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -24.27% | ||
| ROE | -43.52% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.5% | ||
| PM (TTM) | N/A | ||
| GM | 54.2% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.08 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-55.68%
EPS 3Y16.41%
EPS 5Y
EPS Q2Q%
EPS Next Y-51.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.04%
Revenue growth 3Y9.98%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y