ENVISTA HOLDINGS CORP (NVST) Stock Fundamental Analysis
USA - NYSE:NVST - US29415F1049 - Common Stock
19.45 USD
-0.03 (-0.15%)
19.4 USD
-0.05 (-0.26%)
NVST gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 189 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on NVST.
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 72.49% of the companies in the same industry.
NVST's Return On Equity of 0.50% is fine compared to the rest of the industry. NVST outperforms 73.02% of its industry peers.
NVST's Return On Invested Capital of 3.55% is fine compared to the rest of the industry. NVST outperforms 71.43% 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 9.12%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.5% | ||
| ROIC | 3.55% |
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 73.02% of its industry peers.
The Operating Margin of NVST (8.27%) is better than 76.19% of its industry peers.
NVST's Operating Margin has declined in the last couple of years.
NVST has a Gross Margin (55.37%) which is comparable to the rest of the industry.
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 | 8.27% | ||
| PM (TTM) | 0.58% | ||
| GM | 55.37% |
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.
NVST has more shares outstanding than it did 1 year ago.
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 1.47, we must say that NVST is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NVST (1.47) is comparable to the rest of the industry.
NVST has a debt to FCF ratio of 5.51. This is a neutral value as NVST would need 5.51 years to pay back of all of its debts.
The Debt to FCF ratio of NVST (5.51) is better than 78.31% of its industry peers.
NVST has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.47, NVST is in line with its industry, outperforming 44.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.51 | ||
| Altman-Z | 1.47 |
ROIC/WACC0.51
WACC6.96%
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's Quick ratio of 2.02 is in line compared to the rest of the industry. NVST outperforms 53.97% 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
NVST shows a small growth in Revenue. In the last year, the Revenue has grown by 4.73%.
Measured over the past years, NVST shows a small growth in Revenue. The Revenue has been growing by 1.90% on average per year.
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 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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.35, which indicates a rather expensive current valuation of NVST.
Based on the Price/Earnings ratio, NVST is valued cheaper than 80.42% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.83, NVST is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.10, which indicates a correct valuation of NVST.
Based on the Price/Forward Earnings ratio, NVST is valued cheaper than 85.71% of the companies in the same industry.
NVST is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.35 | ||
| Fwd PE | 15.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NVST indicates a rather cheap valuation: NVST is cheaper than 88.36% of the companies listed 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 95.77% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.31 | ||
| EV/EBITDA | 10.7 |
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.
NVST's earnings are expected to grow with 25.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y32.85%
EPS Next 3Y25.16%
5. Dividend
5.1 Amount
NVST does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.45
-0.03 (-0.15%)
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-0.39%
Ins Owners0.46%
Ins Owner Change1.64%
Market Cap3.23B
Revenue(TTM)2.62B
Net Income(TTM)15.30M
Analysts73
Price Target21.98 (13.01%)
Short Float %6.23%
Short Ratio5.77
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)11.31%
Min EPS beat(2)8.83%
Max EPS beat(2)13.79%
EPS beat(4)4
Avg EPS beat(4)11.14%
Min EPS beat(4)7.34%
Max EPS beat(4)14.62%
EPS beat(8)5
Avg EPS beat(8)-2.63%
EPS beat(12)7
Avg EPS beat(12)-2.63%
EPS beat(16)10
Avg EPS beat(16)-1.21%
Revenue beat(2)2
Avg Revenue beat(2)3.48%
Min Revenue beat(2)2.5%
Max Revenue beat(2)4.46%
Revenue beat(4)2
Avg Revenue beat(4)1.45%
Min Revenue beat(4)-0.9%
Max Revenue beat(4)4.46%
Revenue beat(8)2
Avg Revenue beat(8)-0.46%
Revenue beat(12)2
Avg Revenue beat(12)-1.13%
Revenue beat(16)3
Avg Revenue beat(16)-1.18%
PT rev (1m)0%
PT rev (3m)10.49%
EPS NQ rev (1m)2.38%
EPS NQ rev (3m)11.62%
EPS NY rev (1m)-0.26%
EPS NY rev (3m)10.28%
Revenue NQ rev (1m)0.53%
Revenue NQ rev (3m)2.77%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.35 | ||
| Fwd PE | 15.1 | ||
| P/S | 1.23 | ||
| P/FCF | 12.31 | ||
| P/OCF | 10.77 | ||
| P/B | 1.05 | ||
| P/tB | 40.55 | ||
| EV/EBITDA | 10.7 |
EPS(TTM)1.06
EY5.45%
EPS(NY)1.29
Fwd EY6.62%
FCF(TTM)1.58
FCFY8.12%
OCF(TTM)1.81
OCFY9.28%
SpS15.78
BVpS18.58
TBVpS0.48
PEG (NY)0.31
PEG (5Y)N/A
Graham Number21.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.5% | ||
| ROCE | 4.5% | ||
| ROIC | 3.55% | ||
| ROICexc | 4.65% | ||
| ROICexgc | 25.26% | ||
| OM | 8.27% | ||
| PM (TTM) | 0.58% | ||
| GM | 55.37% | ||
| 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 | 4.36 | ||
| Cap/Depr | 32.78% | ||
| Cap/Sales | 1.43% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.5% | ||
| Profit Quality | 1715.69% | ||
| Current Ratio | 2.37 | ||
| Quick Ratio | 2.02 | ||
| Altman-Z | 1.47 |
F-Score8
WACC6.96%
ROIC/WACC0.51
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 1Y33.31%
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 18.35 and the Price/Book (PB) ratio is 1.05.