PENUMBRA INC (PEN) Stock Fundamental Analysis
USA - NYSE:PEN - US70975L1070 - Common Stock
226.19 USD
-1.18 (-0.52%)
227 USD
+0.81 (+0.36%)
Overall PEN gets a fundamental rating of 6 out of 10. We evaluated PEN against 189 industry peers in the Health Care Equipment & Supplies industry. PEN is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. PEN is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make PEN suitable for growth investing!
1. Profitability
1.1 Basic Checks
PEN had positive earnings in the past year.
PEN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PEN reported negative net income in multiple years.
In multiple years PEN reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of PEN (8.82%) is better than 91.53% of its industry peers.
PEN's Return On Equity of 11.41% is amongst the best of the industry. PEN outperforms 88.36% of its industry peers.
With an excellent Return On Invested Capital value of 7.05%, PEN belongs to the best of the industry, outperforming 82.54% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PEN is significantly below the industry average of 9.02%.
The 3 year average ROIC (2.98%) for PEN is below the current ROIC(7.05%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.82% | ||
| ROE | 11.41% | ||
| ROIC | 7.05% |
ROA(3y)2.2%
ROA(5y)1.03%
ROE(3y)2.91%
ROE(5y)1.37%
ROIC(3y)2.98%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 11.54%, PEN belongs to the top of the industry, outperforming 86.24% of the companies in the same industry.
PEN's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 12.45%, PEN is doing good in the industry, outperforming 79.89% of the companies in the same industry.
In the last couple of years the Operating Margin of PEN has declined.
With a decent Gross Margin value of 66.47%, PEN is doing good in the industry, outperforming 70.90% of the companies in the same industry.
In the last couple of years the Gross Margin of PEN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.45% | ||
| PM (TTM) | 11.54% | ||
| GM | 66.47% |
OM growth 3Y43.4%
OM growth 5Y-3.62%
PM growth 3Y18.27%
PM growth 5Y-33.26%
GM growth 3Y-0.21%
GM growth 5Y-1.44%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PEN is destroying value.
The number of shares outstanding for PEN has been reduced compared to 1 year ago.
PEN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PEN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 15.82 indicates that PEN is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 15.82, PEN belongs to the best of the industry, outperforming 94.18% of the companies in the same industry.
The Debt to FCF ratio of PEN is 0.15, which is an excellent value as it means it would take PEN, only 0.15 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.15, PEN belongs to the top of the industry, outperforming 94.18% of the companies in the same industry.
PEN has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PEN (0.02) is better than 70.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.15 | ||
| Altman-Z | 15.82 |
ROIC/WACC0.81
WACC8.73%
2.3 Liquidity
PEN has a Current Ratio of 6.75. This indicates that PEN is financially healthy and has no problem in meeting its short term obligations.
PEN has a Current ratio of 6.75. This is amongst the best in the industry. PEN outperforms 84.13% of its industry peers.
PEN has a Quick Ratio of 4.04. This indicates that PEN is financially healthy and has no problem in meeting its short term obligations.
PEN has a Quick ratio of 4.04. This is in the better half of the industry: PEN outperforms 75.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.75 | ||
| Quick Ratio | 4.04 |
3. Growth
3.1 Past
PEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.53%, which is quite impressive.
Measured over the past years, PEN shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.23% on average per year.
PEN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.92%.
PEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.89% yearly.
EPS 1Y (TTM)41.53%
EPS 3Y60.05%
EPS 5Y24.23%
EPS Q2Q%34.37%
Revenue 1Y (TTM)12.92%
Revenue growth 3Y16.91%
Revenue growth 5Y16.89%
Sales Q2Q%13.38%
3.2 Future
Based on estimates for the next years, PEN will show a very strong growth in Earnings Per Share. The EPS will grow by 24.75% on average per year.
PEN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.06% yearly.
EPS Next Y31.54%
EPS Next 2Y33.09%
EPS Next 3Y30.5%
EPS Next 5Y24.75%
Revenue Next Year14.71%
Revenue Next 2Y14.46%
Revenue Next 3Y14.21%
Revenue Next 5Y13.06%
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 stable.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 64.44, PEN can be considered very expensive at the moment.
PEN's Price/Earnings ratio is a bit cheaper when compared to the industry. PEN is cheaper than 66.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of PEN to the average of the S&P500 Index (26.11), we can say PEN is valued expensively.
A Price/Forward Earnings ratio of 44.49 indicates a quite expensive valuation of PEN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PEN indicates a somewhat cheap valuation: PEN is cheaper than 69.31% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PEN to the average of the S&P500 Index (22.55), we can say PEN is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.44 | ||
| Fwd PE | 44.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PEN indicates a somewhat cheap valuation: PEN is cheaper than 66.67% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PEN is valued a bit cheaper than the industry average as 74.07% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.58 | ||
| EV/EBITDA | 47.45 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEN has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PEN's earnings are expected to grow with 30.50% in the coming years.
PEG (NY)2.04
PEG (5Y)2.66
EPS Next 2Y33.09%
EPS Next 3Y30.5%
5. Dividend
5.1 Amount
PEN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
226.19
-1.18 (-0.52%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners93.23%
Inst Owner Change-2.3%
Ins Owners3.71%
Ins Owner Change10.26%
Market Cap8.82B
Revenue(TTM)1.28B
Net Income(TTM)147.70M
Analysts82.5
Price Target320.45 (41.67%)
Short Float %4.62%
Short Ratio4.28
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)13.74%
Min EPS beat(2)3.63%
Max EPS beat(2)23.86%
EPS beat(4)4
Avg EPS beat(4)14.23%
Min EPS beat(4)3.63%
Max EPS beat(4)23.86%
EPS beat(8)8
Avg EPS beat(8)16.41%
EPS beat(12)12
Avg EPS beat(12)26.69%
EPS beat(16)13
Avg EPS beat(16)15.8%
Revenue beat(2)2
Avg Revenue beat(2)2.12%
Min Revenue beat(2)1.67%
Max Revenue beat(2)2.56%
Revenue beat(4)4
Avg Revenue beat(4)1.18%
Min Revenue beat(4)0.22%
Max Revenue beat(4)2.56%
Revenue beat(8)6
Avg Revenue beat(8)0.49%
Revenue beat(12)9
Avg Revenue beat(12)0.89%
Revenue beat(16)12
Avg Revenue beat(16)1.37%
PT rev (1m)0.5%
PT rev (3m)0.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.35%
EPS NY rev (1m)0.26%
EPS NY rev (3m)-0.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.44 | ||
| Fwd PE | 44.49 | ||
| P/S | 6.89 | ||
| P/FCF | 54.58 | ||
| P/OCF | 43.78 | ||
| P/B | 6.82 | ||
| P/tB | 7.87 | ||
| EV/EBITDA | 47.45 |
EPS(TTM)3.51
EY1.55%
EPS(NY)5.08
Fwd EY2.25%
FCF(TTM)4.14
FCFY1.83%
OCF(TTM)5.17
OCFY2.28%
SpS32.82
BVpS33.18
TBVpS28.73
PEG (NY)2.04
PEG (5Y)2.66
Graham Number51.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.82% | ||
| ROE | 11.41% | ||
| ROCE | 10.5% | ||
| ROIC | 7.05% | ||
| ROICexc | 9.79% | ||
| ROICexgc | 11.64% | ||
| OM | 12.45% | ||
| PM (TTM) | 11.54% | ||
| GM | 66.47% | ||
| FCFM | 12.63% |
ROA(3y)2.2%
ROA(5y)1.03%
ROE(3y)2.91%
ROE(5y)1.37%
ROIC(3y)2.98%
ROIC(5y)N/A
ROICexc(3y)3.84%
ROICexc(5y)N/A
ROICexgc(3y)4.75%
ROICexgc(5y)N/A
ROCE(3y)4.43%
ROCE(5y)N/A
ROICexgc growth 3Y49.31%
ROICexgc growth 5Y-5.8%
ROICexc growth 3Y58%
ROICexc growth 5Y-7.52%
OM growth 3Y43.4%
OM growth 5Y-3.62%
PM growth 3Y18.27%
PM growth 5Y-33.26%
GM growth 3Y-0.21%
GM growth 5Y-1.44%
F-Score9
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.15 | ||
| Debt/EBITDA | 0.12 | ||
| Cap/Depr | 209.19% | ||
| Cap/Sales | 3.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 112.96% | ||
| Profit Quality | 109.42% | ||
| Current Ratio | 6.75 | ||
| Quick Ratio | 4.04 | ||
| Altman-Z | 15.82 |
F-Score9
WACC8.73%
ROIC/WACC0.81
Cap/Depr(3y)74.85%
Cap/Depr(5y)109.14%
Cap/Sales(3y)1.83%
Cap/Sales(5y)2.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)41.53%
EPS 3Y60.05%
EPS 5Y24.23%
EPS Q2Q%34.37%
EPS Next Y31.54%
EPS Next 2Y33.09%
EPS Next 3Y30.5%
EPS Next 5Y24.75%
Revenue 1Y (TTM)12.92%
Revenue growth 3Y16.91%
Revenue growth 5Y16.89%
Sales Q2Q%13.38%
Revenue Next Year14.71%
Revenue Next 2Y14.46%
Revenue Next 3Y14.21%
Revenue Next 5Y13.06%
EBIT growth 1Y48.52%
EBIT growth 3Y67.65%
EBIT growth 5Y12.66%
EBIT Next Year74.3%
EBIT Next 3Y39.57%
EBIT Next 5Y26.5%
FCF growth 1Y31590.8%
FCF growth 3YN/A
FCF growth 5Y100.55%
OCF growth 1Y979.8%
OCF growth 3Y160.78%
OCF growth 5Y44.6%
PENUMBRA INC / PEN FAQ
What is the ChartMill fundamental rating of PENUMBRA INC (PEN) stock?
ChartMill assigns a fundamental rating of 6 / 10 to PEN.
Can you provide the valuation status for PENUMBRA INC?
ChartMill assigns a valuation rating of 4 / 10 to PENUMBRA INC (PEN). This can be considered as Fairly Valued.
What is the profitability of PEN stock?
PENUMBRA INC (PEN) has a profitability rating of 6 / 10.
What are the PE and PB ratios of PENUMBRA INC (PEN) stock?
The Price/Earnings (PE) ratio for PENUMBRA INC (PEN) is 64.44 and the Price/Book (PB) ratio is 6.82.
Can you provide the financial health for PEN stock?
The financial health rating of PENUMBRA INC (PEN) is 8 / 10.