ENVISTA HOLDINGS CORP (NVST) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NVST - US29415F1049 - Common Stock
21.97 USD
-0.17 (-0.77%)
21.97 USD
0 (0%)
Taking everything into account, NVST scores 5 out of 10 in our fundamental rating. NVST was compared to 187 industry peers in the Health Care Equipment & Supplies industry. NVST has an average financial health and profitability rating. NVST scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year NVST was profitable.
In the past year NVST had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: NVST reported negative net income in multiple years.
In the past 5 years NVST always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of NVST (0.27%) is better than 73.26% of its industry peers.
With a decent Return On Equity value of 0.50%, NVST is doing good in the industry, outperforming 73.80% of the companies in the same industry.
With a decent Return On Invested Capital value of 3.67%, NVST is doing good in the industry, outperforming 71.66% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for NVST is below the industry average of 8.80%.
| 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
Looking at the Profit Margin, with a value of 0.58%, NVST is in the better half of the industry, outperforming 73.26% of the companies in the same industry.
NVST's Operating Margin of 8.55% is fine compared to the rest of the industry. NVST outperforms 76.47% of its industry peers.
NVST's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 55.55%, NVST is in line with its industry, outperforming 53.48% of the companies in the same 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 | 8.55% | ||
| 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.
The number of shares outstanding for NVST has been increased compared to 1 year ago.
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
Based on the Altman-Z score of 1.57, we must say that NVST is in the distress zone and has some risk of bankruptcy.
NVST's Altman-Z score of 1.57 is in line compared to the rest of the industry. NVST outperforms 55.08% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 5.51, NVST is in the better half of the industry, outperforming 79.14% of the companies in the same industry.
NVST has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
NVST has a Debt to Equity ratio (0.47) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.51 | ||
| Altman-Z | 1.57 |
ROIC/WACC0.51
WACC7.15%
2.3 Liquidity
A Current Ratio of 2.37 indicates that NVST has no problem at all paying its short term obligations.
With a Current ratio value of 2.37, NVST perfoms like the industry average, outperforming 44.38% 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 of 2.02. This is comparable to the rest of the industry: NVST outperforms 52.94% 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
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
The Earnings Per Share is expected to grow by 33.46% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.74% on average over the next years.
EPS Next Y59.25%
EPS Next 2Y33.11%
EPS Next 3Y25.23%
EPS Next 5Y33.46%
Revenue Next Year5.6%
Revenue Next 2Y4.61%
Revenue Next 3Y4.22%
Revenue Next 5Y7.74%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
Based on the Price/Earnings ratio of 20.73, the valuation of NVST can be described as rather expensive.
81.28% of the companies in the same industry are more expensive than NVST, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of NVST to the average of the S&P500 Index (26.54), we can say NVST is valued slightly cheaper.
With a Price/Forward Earnings ratio of 16.99, NVST is valued correctly.
Based on the Price/Forward Earnings ratio, NVST is valued cheaply inside the industry as 85.03% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, NVST is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.73 | ||
| Fwd PE | 16.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NVST is valued cheaper than 87.70% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NVST is valued cheaper than 94.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.76 | ||
| EV/EBITDA | 11.66 |
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.
A more expensive valuation may be justified as NVST's earnings are expected to grow with 25.23% in the coming years.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y33.11%
EPS Next 3Y25.23%
5. Dividend
5.1 Amount
NVST does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
21.97
-0.17 (-0.77%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners116.12%
Inst Owner Change-4.72%
Ins Owners0.38%
Ins Owner Change-0.49%
Market Cap3.61B
Revenue(TTM)2.62B
Net Income(TTM)15.30M
Analysts73
Price Target22.63 (3%)
Short Float %6.6%
Short Ratio5.41
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)0%
EPS NQ rev (3m)-3.73%
EPS NY rev (1m)0.44%
EPS NY rev (3m)2.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)0.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.73 | ||
| Fwd PE | 16.99 | ||
| P/S | 1.38 | ||
| P/FCF | 13.76 | ||
| P/OCF | 12.04 | ||
| P/B | 1.17 | ||
| P/tB | 45.33 | ||
| EV/EBITDA | 11.66 |
EPS(TTM)1.06
EY4.82%
EPS(NY)1.29
Fwd EY5.89%
FCF(TTM)1.6
FCFY7.27%
OCF(TTM)1.83
OCFY8.31%
SpS15.94
BVpS18.78
TBVpS0.48
PEG (NY)0.35
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 | 1.57 |
F-Score8
WACC7.15%
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 Y59.25%
EPS Next 2Y33.11%
EPS Next 3Y25.23%
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 2Y4.61%
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 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 20.73 and the Price/Book (PB) ratio is 1.17.