ENVISTA HOLDINGS CORP (NVST) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NVST - US29415F1049 - Common Stock
20.2 USD
+0.31 (+1.56%)
20.2 USD
0 (0%)
Taking everything into account, NVST scores 5 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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
With a decent Return On Assets value of 0.27%, NVST is doing good in the industry, outperforming 72.87% of the companies in the same industry.
The Return On Equity of NVST (0.50%) is better than 73.40% of its industry peers.
The Return On Invested Capital of NVST (3.67%) is better than 71.81% of its industry peers.
NVST had an Average Return On Invested Capital over the past 3 years of 4.17%. This is below the industry average of 8.71%.
| 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
NVST has a Profit Margin of 0.58%. This is in the better half of the industry: NVST outperforms 72.87% of its industry peers.
The Operating Margin of NVST (8.55%) is better than 76.06% 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 52.66% 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.
Compared to 1 year ago, NVST has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.51, we must say that NVST is in the distress zone and has some risk of bankruptcy.
NVST has a Altman-Z score of 1.51. This is comparable to the rest of the industry: NVST outperforms 54.26% of its industry peers.
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 78.19% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that NVST is not too dependend on debt financing.
The Debt to Equity ratio of NVST (0.47) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.51 | ||
| Altman-Z | 1.51 |
ROIC/WACC0.53
WACC6.97%
2.3 Liquidity
A Current Ratio of 2.37 indicates that NVST has no problem at all paying its short term obligations.
NVST has a Current ratio (2.37) which is in line with its industry peers.
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 of 2.02. This is comparable to the rest of the industry: NVST outperforms 50.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.37 | ||
| Quick Ratio | 2.02 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 35.90% over the past year.
The earnings per share for NVST have been decreasing by -28.29% on average. This is quite bad
Looking at the last year, NVST shows a small growth in Revenue. The Revenue has grown by 4.73% in the last 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
NVST is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.46% yearly.
Based on estimates for the next years, NVST will show a small growth in Revenue. The Revenue will grow by 7.74% on average per year.
EPS Next Y58.55%
EPS Next 2Y32.85%
EPS Next 3Y25.16%
EPS Next 5Y33.46%
Revenue Next Year5.36%
Revenue Next 2Y4.54%
Revenue Next 3Y4.19%
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 19.06.
Based on the Price/Earnings ratio, NVST is valued cheaply inside the industry as 81.91% of the companies are valued more expensively.
NVST's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.65.
NVST is valuated correctly with a Price/Forward Earnings ratio of 15.68.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NVST indicates a rather cheap valuation: NVST is cheaper than 84.57% of the companies listed in the same industry.
NVST's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.06 | ||
| Fwd PE | 15.68 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NVST is valued cheaper than 88.83% 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 94.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.79 | ||
| EV/EBITDA | 10.82 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as NVST's earnings are expected to grow with 25.16% in the coming years.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y32.85%
EPS Next 3Y25.16%
5. Dividend
5.1 Amount
No dividends for NVST!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
20.2
+0.31 (+1.56%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners119.06%
Inst Owner Change-4.72%
Ins Owners0.46%
Ins Owner Change-1.17%
Market Cap3.36B
Revenue(TTM)2.62B
Net Income(TTM)15.30M
Analysts73
Price Target22.63 (12.03%)
Short Float %6.54%
Short Ratio5.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)2.95%
PT rev (3m)2.95%
EPS NQ rev (1m)-3.58%
EPS NQ rev (3m)-3.73%
EPS NY rev (1m)2.55%
EPS NY rev (3m)2.29%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.06 | ||
| Fwd PE | 15.68 | ||
| P/S | 1.28 | ||
| P/FCF | 12.79 | ||
| P/OCF | 11.19 | ||
| P/B | 1.09 | ||
| P/tB | 42.12 | ||
| EV/EBITDA | 10.82 |
EPS(TTM)1.06
EY5.25%
EPS(NY)1.29
Fwd EY6.38%
FCF(TTM)1.58
FCFY7.82%
OCF(TTM)1.81
OCFY8.94%
SpS15.78
BVpS18.58
TBVpS0.48
PEG (NY)0.33
PEG (5Y)N/A
Graham Number21.05
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 | 1.51 |
F-Score8
WACC6.97%
ROIC/WACC0.53
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 Y58.55%
EPS Next 2Y32.85%
EPS Next 3Y25.16%
EPS Next 5Y33.46%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y0.02%
Revenue growth 5Y1.9%
Sales Q2Q%11.46%
Revenue Next Year5.36%
Revenue Next 2Y4.54%
Revenue Next 3Y4.19%
Revenue Next 5Y7.74%
EBIT growth 1Y37.8%
EBIT growth 3Y-26.9%
EBIT growth 5Y-8.72%
EBIT Next Year50.22%
EBIT Next 3Y19.79%
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 for NVST stock?
ChartMill assigns a valuation rating of 7 / 10 to ENVISTA HOLDINGS CORP (NVST). This can be considered as Undervalued.
What is the profitability of NVST stock?
ENVISTA HOLDINGS CORP (NVST) has a profitability rating of 5 / 10.
What is the valuation of ENVISTA HOLDINGS CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ENVISTA HOLDINGS CORP (NVST) is 19.06 and the Price/Book (PB) ratio is 1.09.