ENVISTA HOLDINGS CORP (NVST) Stock Fundamental Analysis
USA - NYSE:NVST - US29415F1049 - Common Stock
19.11 USD
+0.16 (+0.84%)
19.11 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to NVST. 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on NVST.
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 has a better Return On Assets (0.27%) than 72.87% of its industry peers.
NVST has a better Return On Equity (0.50%) than 73.40% of its industry peers.
NVST has a better Return On Invested Capital (3.67%) than 71.28% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NVST is below the industry average of 8.98%.
| 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
The Profit Margin of NVST (0.58%) is better than 72.87% of its industry peers.
With a decent Operating Margin value of 8.55%, NVST is doing good in the industry, outperforming 76.06% of the companies in the same industry.
In the last couple of years the Operating Margin of NVST has declined.
NVST's Gross Margin of 55.55% is in line compared to the rest of the industry. NVST outperforms 52.13% 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
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.
NVST has more shares outstanding than it did 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 1.46, we must say that NVST is in the distress zone and has some risk of bankruptcy.
NVST's Altman-Z score of 1.46 is in line compared to the rest of the industry. NVST outperforms 55.85% 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.
With a decent Debt to FCF ratio value of 5.51, NVST is doing good in the industry, outperforming 78.19% 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's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. NVST outperforms 44.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.51 | ||
| Altman-Z | 1.46 |
ROIC/WACC0.53
WACC6.95%
2.3 Liquidity
NVST has a Current Ratio of 2.37. This indicates that NVST is financially healthy and has no problem in meeting 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.
With a Quick ratio value of 2.02, NVST perfoms like the industry average, outperforming 51.06% of the companies in the same industry.
| 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.
Measured over the past years, NVST shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -28.29% on average per year.
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
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 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
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
NVST is valuated rather expensively with a Price/Earnings ratio of 18.03.
81.38% of the companies in the same industry are more expensive than NVST, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.07. NVST is valued slightly cheaper when compared to this.
NVST is valuated correctly with a Price/Forward Earnings ratio of 14.83.
Based on the Price/Forward Earnings ratio, NVST is valued cheaply inside the industry as 85.11% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.08, NVST is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.03 | ||
| Fwd PE | 14.83 |
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 88.30% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, NVST is valued cheaper than 94.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.1 | ||
| EV/EBITDA | 10.29 |
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 25.16% in the coming years.
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 |
19.11
+0.16 (+0.84%)
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-1.22%
Market Cap3.18B
Revenue(TTM)2.62B
Net Income(TTM)15.30M
Analysts73
Price Target21.98 (15.02%)
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)0%
PT rev (3m)0.21%
EPS NQ rev (1m)-4.53%
EPS NQ rev (3m)-3.73%
EPS NY rev (1m)2.29%
EPS NY rev (3m)13.09%
Revenue NQ rev (1m)-0.57%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)3.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.03 | ||
| Fwd PE | 14.83 | ||
| P/S | 1.21 | ||
| P/FCF | 12.1 | ||
| P/OCF | 10.58 | ||
| P/B | 1.03 | ||
| P/tB | 39.85 | ||
| EV/EBITDA | 10.29 |
EPS(TTM)1.06
EY5.55%
EPS(NY)1.29
Fwd EY6.74%
FCF(TTM)1.58
FCFY8.27%
OCF(TTM)1.81
OCFY9.45%
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 | 4.65% | ||
| 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 | 1.46 |
F-Score8
WACC6.95%
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 18.03 and the Price/Book (PB) ratio is 1.03.