ENVISTA HOLDINGS CORP (NVST) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NVST - US29415F1049 - Common Stock
21.9 USD
-0.16 (-0.73%)
21.9369 USD
+0.04 (+0.17%)
Overall NVST gets a fundamental rating of 5 out of 10. We evaluated NVST against 187 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 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.
In multiple years NVST reported negative net income over the last 5 years.
NVST had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NVST has a Return On Assets of 0.27%. This is in the better half of the industry: NVST outperforms 73.26% of its industry peers.
Looking at the Return On Equity, with a value of 0.50%, NVST is in the better half of the industry, outperforming 73.80% of the companies in the same industry.
NVST's Return On Invested Capital of 3.67% is fine compared to the rest of the industry. NVST outperforms 71.66% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NVST is below the industry average of 8.82%.
| 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's Profit Margin of 0.58% is fine compared to the rest of the industry. NVST outperforms 73.26% of its industry peers.
Looking at the Operating Margin, with a value of 8.55%, NVST is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
NVST's Operating Margin has declined in the last couple of years.
The Gross Margin of NVST (55.55%) is comparable to the rest of the industry.
NVST's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
Compared to 1 year ago, NVST has a worse debt to assets ratio.
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.
The Altman-Z score of NVST (1.57) 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 79.14% 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.
NVST's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. NVST outperforms 44.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.51 | ||
| Altman-Z | 1.57 |
ROIC/WACC0.51
WACC7.14%
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.
A Quick Ratio of 2.02 indicates that NVST has no problem at all paying its short term obligations.
NVST has a Quick ratio of 2.02. This is comparable to the rest of the industry: NVST outperforms 54.01% of its industry peers.
| 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.
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
The Earnings Per Share is expected to grow by 33.46% on average over the next years. This is a very strong growth
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 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
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
A Price/Earnings ratio of 20.66 indicates a rather expensive valuation of NVST.
Compared to the rest of the industry, the Price/Earnings ratio of NVST indicates a rather cheap valuation: NVST is cheaper than 81.28% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.55, NVST is valued a bit cheaper.
With a Price/Forward Earnings ratio of 16.93, NVST is valued correctly.
Based on the Price/Forward Earnings ratio, NVST is valued cheaply inside the industry as 84.49% of the companies are valued more expensively.
NVST is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.66 | ||
| Fwd PE | 16.93 |
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 87.70% of the companies listed in the same industry.
NVST's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NVST is cheaper than 94.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.72 | ||
| EV/EBITDA | 11.62 |
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 25.23% in the coming years. This may justify a more expensive valuation.
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 | 0% |
21.9
-0.16 (-0.73%)
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-4.55%
Market Cap3.60B
Revenue(TTM)2.62B
Net Income(TTM)15.30M
Analysts73
Price Target22.63 (3.33%)
Short Float %6.49%
Short Ratio5.02
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)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 | 20.66 | ||
| Fwd PE | 16.93 | ||
| P/S | 1.37 | ||
| P/FCF | 13.72 | ||
| P/OCF | 12 | ||
| P/B | 1.17 | ||
| P/tB | 45.18 | ||
| EV/EBITDA | 11.62 |
EPS(TTM)1.06
EY4.84%
EPS(NY)1.29
Fwd EY5.91%
FCF(TTM)1.6
FCFY7.29%
OCF(TTM)1.83
OCFY8.33%
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
WACC7.14%
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 20.66 and the Price/Book (PB) ratio is 1.17.