REVVITY INC (RVTY) Stock Fundamental Analysis
NYSE:RVTY - New York Stock Exchange, Inc. - US7140461093 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to RVTY. RVTY was compared to 57 industry peers in the Life Sciences Tools & Services industry. RVTY has an excellent profitability rating, but there are some minor concerns on its financial health. RVTY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year RVTY was profitable.
RVTY had a positive operating cash flow in the past year.
In the past 5 years RVTY has always been profitable.
In the past 5 years RVTY always reported a positive cash flow from operatings.
1.2 Ratios
RVTY's Return On Assets of 2.18% is fine compared to the rest of the industry. RVTY outperforms 73.68% of its industry peers.
RVTY has a Return On Equity of 3.53%. This is in the better half of the industry: RVTY outperforms 73.68% of its industry peers.
RVTY has a better Return On Invested Capital (2.68%) than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RVTY is significantly below the industry average of 9.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.18% | ||
| ROE | 3.53% | ||
| ROIC | 2.68% |
ROA(3y)3.77%
ROA(5y)5.35%
ROE(3y)6.68%
ROE(5y)10.55%
ROIC(3y)3.28%
ROIC(5y)6.03%
1.3 Margins
RVTY has a Profit Margin of 9.81%. This is amongst the best in the industry. RVTY outperforms 80.70% of its industry peers.
RVTY's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 14.45%, RVTY is doing good in the industry, outperforming 78.95% of the companies in the same industry.
RVTY's Operating Margin has declined in the last couple of years.
RVTY has a Gross Margin of 55.81%. This is in the better half of the industry: RVTY outperforms 73.68% of its industry peers.
In the last couple of years the Gross Margin of RVTY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.45% | ||
| PM (TTM) | 9.81% | ||
| GM | 55.81% |
OM growth 3Y-28.88%
OM growth 5Y-1.83%
PM growth 3Y-26.42%
PM growth 5Y4.45%
GM growth 3Y-4.25%
GM growth 5Y2.89%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so RVTY is destroying value.
RVTY has less shares outstanding than it did 1 year ago.
The number of shares outstanding for RVTY has been increased compared to 5 years ago.
RVTY has a better debt/assets ratio than last year.
2.2 Solvency
RVTY has a debt to FCF ratio of 5.82. This is a neutral value as RVTY would need 5.82 years to pay back of all of its debts.
RVTY has a better Debt to FCF ratio (5.82) than 64.91% of its industry peers.
A Debt/Equity ratio of 0.41 indicates that RVTY is not too dependend on debt financing.
The Debt to Equity ratio of RVTY (0.41) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 5.82 | ||
| Altman-Z | N/A |
ROIC/WACC0.24
WACC10.99%
2.3 Liquidity
A Current Ratio of 3.60 indicates that RVTY has no problem at all paying its short term obligations.
RVTY has a Current ratio of 3.60. This is comparable to the rest of the industry: RVTY outperforms 57.89% of its industry peers.
RVTY has a Quick Ratio of 3.03. This indicates that RVTY is financially healthy and has no problem in meeting its short term obligations.
RVTY's Quick ratio of 3.03 is in line compared to the rest of the industry. RVTY outperforms 56.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.6 | ||
| Quick Ratio | 3.03 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.38% over the past year.
Measured over the past 5 years, RVTY shows a small growth in Earnings Per Share. The EPS has been growing by 3.63% on average per year.
The Revenue has been growing slightly by 0.16% in the past year.
Measured over the past years, RVTY shows a decrease in Revenue. The Revenue has been decreasing by -0.91% on average per year.
EPS 1Y (TTM)5.38%
EPS 3Y-24.58%
EPS 5Y3.63%
EPS Q2Q%13.6%
Revenue 1Y (TTM)0.16%
Revenue growth 3Y-10.38%
Revenue growth 5Y-0.91%
Sales Q2Q%4.81%
3.2 Future
The Earnings Per Share is expected to grow by 11.46% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.71% on average over the next years.
EPS Next Y2.94%
EPS Next 2Y7.27%
EPS Next 3Y9.16%
EPS Next 5Y11.46%
Revenue Next Year3.02%
Revenue Next 2Y4.61%
Revenue Next 3Y5.14%
Revenue Next 5Y5.71%
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
RVTY is valuated rather expensively with a Price/Earnings ratio of 23.23.
Based on the Price/Earnings ratio, RVTY is valued cheaply inside the industry as 87.72% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.63. RVTY is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 22.57 indicates a rather expensive valuation of RVTY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RVTY indicates a rather cheap valuation: RVTY is cheaper than 80.70% of the companies listed in the same industry.
RVTY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.23 | ||
| Fwd PE | 22.57 |
4.2 Price Multiples
RVTY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. RVTY is cheaper than 89.47% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RVTY indicates a rather cheap valuation: RVTY is cheaper than 85.96% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.58 | ||
| EV/EBITDA | 19.31 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of RVTY may justify a higher PE ratio.
PEG (NY)7.91
PEG (5Y)6.4
EPS Next 2Y7.27%
EPS Next 3Y9.16%
5. Dividend
5.1 Amount
With a yearly dividend of 0.25%, RVTY is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.42, RVTY pays a better dividend. On top of this RVTY pays more dividend than 85.96% of the companies listed in the same industry.
With a Dividend Yield of 0.25, RVTY pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
5.2 History
The dividend of RVTY has a limited annual growth rate of 0.22%.
RVTY has paid a dividend for at least 10 years, which is a reliable track record.
RVTY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.22%
Div Incr Years0
Div Non Decr Years23
5.3 Sustainability
RVTY pays out 12.74% of its income as dividend. This is a sustainable payout ratio.
The dividend of RVTY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP12.74%
EPS Next 2Y7.27%
EPS Next 3Y9.16%
113.84
-0.88 (-0.77%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)
Earnings (Next)
Inst Owners90.94%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner Change6.4%
Market Cap13.85B
Analysts77.78
Price Target139.76 (22.77%)
Short Float %3.26%
Short Ratio4.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
Yearly Dividend0.28
Dividend Growth(5Y)0.22%
DP12.74%
Div Incr Years0
Div Non Decr Years23
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.51%
Min EPS beat(2)1.58%
Max EPS beat(2)11.44%
EPS beat(4)4
Avg EPS beat(4)5.66%
Min EPS beat(4)1.58%
Max EPS beat(4)11.44%
EPS beat(8)6
Avg EPS beat(8)2.27%
EPS beat(12)10
Avg EPS beat(12)4.01%
EPS beat(16)14
Avg EPS beat(16)7.93%
Revenue beat(2)0
Avg Revenue beat(2)-1.54%
Min Revenue beat(2)-1.76%
Max Revenue beat(2)-1.33%
Revenue beat(4)0
Avg Revenue beat(4)-1.57%
Min Revenue beat(4)-1.76%
Max Revenue beat(4)-1.33%
Revenue beat(8)1
Avg Revenue beat(8)-3.1%
Revenue beat(12)3
Avg Revenue beat(12)-2.5%
Revenue beat(16)6
Avg Revenue beat(16)-1.73%
PT rev (1m)-1.24%
PT rev (3m)-1.94%
EPS NQ rev (1m)-13.13%
EPS NQ rev (3m)-14.63%
EPS NY rev (1m)-3.22%
EPS NY rev (3m)-4.44%
Revenue NQ rev (1m)-2.79%
Revenue NQ rev (3m)-4.52%
Revenue NY rev (1m)-1.9%
Revenue NY rev (3m)-2.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.23 | ||
| Fwd PE | 22.57 | ||
| P/S | 5.03 | ||
| P/FCF | 25.58 | ||
| P/OCF | 22.05 | ||
| P/B | 1.81 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.31 |
EPS(TTM)4.9
EY4.3%
EPS(NY)5.04
Fwd EY4.43%
FCF(TTM)4.45
FCFY3.91%
OCF(TTM)5.16
OCFY4.54%
SpS22.64
BVpS63
TBVpS-11.81
PEG (NY)7.91
PEG (5Y)6.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.18% | ||
| ROE | 3.53% | ||
| ROCE | 3.39% | ||
| ROIC | 2.68% | ||
| ROICexc | 2.97% | ||
| ROICexgc | 21.37% | ||
| OM | 14.45% | ||
| PM (TTM) | 9.81% | ||
| GM | 55.81% | ||
| FCFM | 19.66% |
ROA(3y)3.77%
ROA(5y)5.35%
ROE(3y)6.68%
ROE(5y)10.55%
ROIC(3y)3.28%
ROIC(5y)6.03%
ROICexc(3y)3.56%
ROICexc(5y)6.44%
ROICexgc(3y)26.29%
ROICexgc(5y)42.87%
ROCE(3y)4.16%
ROCE(5y)7.63%
ROICexcg growth 3Y-33.27%
ROICexcg growth 5Y-6.77%
ROICexc growth 3Y-31.43%
ROICexc growth 5Y-14.39%
OM growth 3Y-28.88%
OM growth 5Y-1.83%
PM growth 3Y-26.42%
PM growth 5Y4.45%
GM growth 3Y-4.25%
GM growth 5Y2.89%
F-Score6
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 5.82 | ||
| Debt/EBITDA | 3.81 | ||
| Cap/Depr | 20.25% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.07% | ||
| Profit Quality | 200.33% | ||
| Current Ratio | 3.6 | ||
| Quick Ratio | 3.03 | ||
| Altman-Z | N/A |
F-Score6
WACC10.99%
ROIC/WACC0.24
Cap/Depr(3y)19.72%
Cap/Depr(5y)23.7%
Cap/Sales(3y)2.9%
Cap/Sales(5y)2.67%
Profit Quality(3y)102.05%
Profit Quality(5y)111.41%
High Growth Momentum
Growth
EPS 1Y (TTM)5.38%
EPS 3Y-24.58%
EPS 5Y3.63%
EPS Q2Q%13.6%
EPS Next Y2.94%
EPS Next 2Y7.27%
EPS Next 3Y9.16%
EPS Next 5Y11.46%
Revenue 1Y (TTM)0.16%
Revenue growth 3Y-10.38%
Revenue growth 5Y-0.91%
Sales Q2Q%4.81%
Revenue Next Year3.02%
Revenue Next 2Y4.61%
Revenue Next 3Y5.14%
Revenue Next 5Y5.71%
EBIT growth 1Y-0.17%
EBIT growth 3Y-36.26%
EBIT growth 5Y-2.72%
EBIT Next Year15.38%
EBIT Next 3Y10.08%
EBIT Next 5Y16.15%
FCF growth 1Y5369.01%
FCF growth 3Y-25.52%
FCF growth 5Y13.93%
OCF growth 1Y588.38%
OCF growth 3Y-23.63%
OCF growth 5Y11.57%