ENVISTA HOLDINGS CORP (NVST) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NVST - US29415F1049 - Common Stock
21.71 USD
-0.2 (-0.91%)
21.71 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to NVST. NVST was compared to 186 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.
NVST had a positive operating cash flow in the past year.
In multiple years NVST reported negative net income over the last 5 years.
Each year in the past 5 years NVST had a positive operating cash flow.
1.2 Ratios
NVST's Return On Assets of 0.27% is fine compared to the rest of the industry. NVST outperforms 73.12% of its industry peers.
NVST has a better Return On Equity (0.50%) than 73.66% of its industry peers.
With a decent Return On Invested Capital value of 3.67%, NVST is doing good in the industry, outperforming 71.51% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NVST is below the industry average of 8.84%.
| 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 better Profit Margin (0.58%) than 73.12% of its industry peers.
NVST has a Operating Margin of 8.55%. This is in the better half of the industry: NVST outperforms 76.88% 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 53.76% of its industry peers.
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
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.
Compared to 1 year ago, NVST has a worse debt to assets ratio.
2.2 Solvency
NVST has an Altman-Z score of 1.56. This is a bad value and indicates that NVST is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NVST (1.56) 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.
Looking at the Debt to FCF ratio, with a value of 5.51, NVST is in the better half of the industry, outperforming 79.03% 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.
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 | 1.56 |
ROIC/WACC0.52
WACC7.1%
2.3 Liquidity
A Current Ratio of 2.37 indicates that NVST has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.37, NVST is in line with its industry, outperforming 46.77% 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.
Looking at the Quick ratio, with a value of 2.02, NVST is in line with its industry, outperforming 55.38% of the companies in the same industry.
| 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.
The Revenue has been growing slightly by 4.73% in the past year.
NVST shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.90% yearly.
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.
The Revenue is expected to grow by 7.74% on average over the next years.
EPS Next Y59.27%
EPS Next 2Y33.33%
EPS Next 3Y25.31%
EPS Next 5Y33.46%
Revenue Next Year5.6%
Revenue Next 2Y4.59%
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.
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 20.48 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 81.18% of the companies listed in the same industry.
NVST's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.51.
The Price/Forward Earnings ratio is 16.73, which indicates a correct valuation of NVST.
NVST's Price/Forward Earnings ratio is rather cheap when compared to the industry. NVST is cheaper than 84.41% of the companies in the same industry.
NVST is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.48 | ||
| Fwd PE | 16.73 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NVST is valued cheaper than 87.63% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NVST is valued cheaper than 94.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.6 | ||
| EV/EBITDA | 11.45 |
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 25.31% in the coming years.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y33.33%
EPS Next 3Y25.31%
5. Dividend
5.1 Amount
No dividends for NVST!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
21.71
-0.2 (-0.91%)
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 Cap3.57B
Revenue(TTM)2.62B
Net Income(TTM)15.30M
Analysts73
Price Target22.75 (4.79%)
Short Float %5.99%
Short Ratio4.5
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)0.57%
PT rev (3m)3.54%
EPS NQ rev (1m)-0.06%
EPS NQ rev (3m)-3.79%
EPS NY rev (1m)0.45%
EPS NY rev (3m)2.75%
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 | 20.48 | ||
| Fwd PE | 16.73 | ||
| P/S | 1.36 | ||
| P/FCF | 13.6 | ||
| P/OCF | 11.9 | ||
| P/B | 1.16 | ||
| P/tB | 44.79 | ||
| EV/EBITDA | 11.45 |
EPS(TTM)1.06
EY4.88%
EPS(NY)1.3
Fwd EY5.98%
FCF(TTM)1.6
FCFY7.35%
OCF(TTM)1.83
OCFY8.41%
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 | 1.56 |
F-Score8
WACC7.1%
ROIC/WACC0.52
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 Y59.27%
EPS Next 2Y33.33%
EPS Next 3Y25.31%
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 2Y4.59%
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 of ENVISTA HOLDINGS CORP (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.
Can you provide the PE and PB ratios for NVST stock?
The Price/Earnings (PE) ratio for ENVISTA HOLDINGS CORP (NVST) is 20.48 and the Price/Book (PB) ratio is 1.16.