SHOCKWAVE MEDICAL INC (SWAV) Fundamental Analysis & Valuation

NASDAQ:SWAV • US82489T1043

Current stock price

334.75 USD
-0.08 (-0.02%)
At close:
334.8 USD
+0.05 (+0.01%)
After Hours:

This SWAV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. SWAV Profitability Analysis

1.1 Basic Checks

  • In the past year SWAV was profitable.
  • SWAV had a positive operating cash flow in the past year.
  • In multiple years SWAV reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: SWAV reported negative operating cash flow in multiple years.
SWAV Yearly Net Income VS EBIT VS OCF VS FCFSWAV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M 150M 200M

1.2 Ratios

  • The Return On Assets of SWAV (9.95%) is better than 93.23% of its industry peers.
  • SWAV's Return On Equity of 21.76% is amongst the best of the industry. SWAV outperforms 95.31% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.81%, SWAV belongs to the top of the industry, outperforming 88.54% of the companies in the same industry.
Industry RankSector Rank
ROA 9.95%
ROE 21.76%
ROIC 8.81%
ROA(3y)13.4%
ROA(5y)-1.2%
ROE(3y)20.17%
ROE(5y)0.98%
ROIC(3y)N/A
ROIC(5y)N/A
SWAV Yearly ROA, ROE, ROICSWAV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 0 -50 -100

1.3 Margins

  • Looking at the Profit Margin, with a value of 20.76%, SWAV belongs to the top of the industry, outperforming 94.79% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 20.52%, SWAV belongs to the top of the industry, outperforming 94.27% of the companies in the same industry.
  • SWAV has a Gross Margin of 86.99%. This is amongst the best in the industry. SWAV outperforms 96.35% of its industry peers.
  • In the last couple of years the Gross Margin of SWAV has grown nicely.
Industry RankSector Rank
OM 20.52%
PM (TTM) 20.76%
GM 86.99%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.99%
GM growth 5Y16.42%
SWAV Yearly Profit, Operating, Gross MarginsSWAV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 0 -500 -1K -1.5K

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. SWAV Health Analysis

2.1 Basic Checks

  • SWAV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, SWAV has more shares outstanding
  • SWAV has a worse debt/assets ratio than last year.
SWAV Yearly Shares OutstandingSWAV Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
SWAV Yearly Total Debt VS Total AssetsSWAV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

  • SWAV has an Altman-Z score of 10.26. This indicates that SWAV is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 10.26, SWAV belongs to the top of the industry, outperforming 86.98% of the companies in the same industry.
  • The Debt to FCF ratio of SWAV is 4.41, which is a neutral value as it means it would take SWAV, 4.41 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 4.41, SWAV belongs to the best of the industry, outperforming 82.81% of the companies in the same industry.
  • A Debt/Equity ratio of 0.97 indicates that SWAV is somewhat dependend on debt financing.
  • The Debt to Equity ratio of SWAV (0.97) is worse than 76.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 4.41
Altman-Z 10.26
ROIC/WACC0.94
WACC9.36%
SWAV Yearly LT Debt VS Equity VS FCFSWAV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

  • SWAV has a Current Ratio of 13.81. This indicates that SWAV is financially healthy and has no problem in meeting its short term obligations.
  • SWAV has a better Current ratio (13.81) than 97.92% of its industry peers.
  • SWAV has a Quick Ratio of 12.61. This indicates that SWAV is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 12.61, SWAV belongs to the best of the industry, outperforming 97.40% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 13.81
Quick Ratio 12.61
SWAV Yearly Current Assets VS Current LiabilitesSWAV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. SWAV Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.34% over the past year.
  • The Revenue has grown by 41.44% in the past year. This is a very strong growth!
  • The Revenue has been growing by 126.31% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)12.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%39.81%
Revenue 1Y (TTM)41.44%
Revenue growth 3Y120.84%
Revenue growth 5Y126.31%
Sales Q2Q%35.85%

3.2 Future

  • SWAV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.56% yearly.
  • SWAV is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.10% yearly.
EPS Next Y36.11%
EPS Next 2Y27.65%
EPS Next 3Y24.15%
EPS Next 5Y17.56%
Revenue Next Year27.69%
Revenue Next 2Y24.82%
Revenue Next 3Y23.61%
Revenue Next 5Y20.1%

3.3 Evolution

  • 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.
SWAV Yearly Revenue VS EstimatesSWAV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
SWAV Yearly EPS VS EstimatesSWAV Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 -2 4 6 8

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4

4. SWAV Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 78.21 indicates a quite expensive valuation of SWAV.
  • 67.19% of the companies in the same industry are more expensive than SWAV, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 24.89. SWAV is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 53.09 indicates a quite expensive valuation of SWAV.
  • SWAV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SWAV is cheaper than 68.75% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of SWAV to the average of the S&P500 Index (22.19), we can say SWAV is valued expensively.
Industry RankSector Rank
PE 78.21
Fwd PE 53.09
SWAV Price Earnings VS Forward Price EarningsSWAV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SWAV indicates a somewhat cheap valuation: SWAV is cheaper than 67.19% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SWAV indicates a somewhat cheap valuation: SWAV is cheaper than 75.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 75.65
EV/EBITDA 66.43
SWAV Per share dataSWAV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SWAV does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of SWAV may justify a higher PE ratio.
  • A more expensive valuation may be justified as SWAV's earnings are expected to grow with 24.15% in the coming years.
PEG (NY)2.17
PEG (5Y)N/A
EPS Next 2Y27.65%
EPS Next 3Y24.15%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SWAV Dividend Analysis

5.1 Amount

  • SWAV does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SWAV Fundamentals: All Metrics, Ratios and Statistics

SHOCKWAVE MEDICAL INC

NASDAQ:SWAV (5/30/2024, 8:19:22 PM)

After market: 334.8 +0.05 (+0.01%)

334.75

-0.08 (-0.02%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)05-06
Earnings (Next)08-05
Inst Owners10.85%
Inst Owner Change0%
Ins Owners5.23%
Ins Owner Change0%
Market Cap12.57B
Revenue(TTM)787.98M
Net Income(TTM)163.55M
Analysts53.75
Price Target330.75 (-1.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)36.32%
Min EPS beat(2)27.98%
Max EPS beat(2)44.66%
EPS beat(4)3
Avg EPS beat(4)18.35%
Min EPS beat(4)-12.88%
Max EPS beat(4)44.66%
EPS beat(8)7
Avg EPS beat(8)24.97%
EPS beat(12)11
Avg EPS beat(12)73.56%
EPS beat(16)13
Avg EPS beat(16)54.46%
Revenue beat(2)1
Avg Revenue beat(2)1.53%
Min Revenue beat(2)-0.23%
Max Revenue beat(2)3.29%
Revenue beat(4)2
Avg Revenue beat(4)0.86%
Min Revenue beat(4)-1.27%
Max Revenue beat(4)3.29%
Revenue beat(8)5
Avg Revenue beat(8)2.94%
Revenue beat(12)9
Avg Revenue beat(12)5.4%
Revenue beat(16)13
Avg Revenue beat(16)8.23%
PT rev (1m)2.57%
PT rev (3m)25.91%
EPS NQ rev (1m)-2.66%
EPS NQ rev (3m)-2.74%
EPS NY rev (1m)6.44%
EPS NY rev (3m)16.18%
Revenue NQ rev (1m)0.35%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0.78%
Revenue NY rev (3m)0.99%
Valuation
Industry RankSector Rank
PE 78.21
Fwd PE 53.09
P/S 15.95
P/FCF 75.65
P/OCF 63.5
P/B 16.72
P/tB 20.26
EV/EBITDA 66.43
EPS(TTM)4.28
EY1.28%
EPS(NY)6.31
Fwd EY1.88%
FCF(TTM)4.42
FCFY1.32%
OCF(TTM)5.27
OCFY1.57%
SpS20.99
BVpS20.03
TBVpS16.52
PEG (NY)2.17
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 9.95%
ROE 21.76%
ROCE 10.42%
ROIC 8.81%
ROICexc 26.17%
ROICexgc 34.98%
OM 20.52%
PM (TTM) 20.76%
GM 86.99%
FCFM 21.08%
ROA(3y)13.4%
ROA(5y)-1.2%
ROE(3y)20.17%
ROE(5y)0.98%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.99%
GM growth 5Y16.42%
F-Score5
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 4.41
Debt/EBITDA 4.22
Cap/Depr 270.11%
Cap/Sales 4.03%
Interest Coverage 30.21
Cash Conversion 114.09%
Profit Quality 101.56%
Current Ratio 13.81
Quick Ratio 12.61
Altman-Z 10.26
F-Score5
WACC9.36%
ROIC/WACC0.94
Cap/Depr(3y)384.02%
Cap/Depr(5y)409.93%
Cap/Sales(3y)4.85%
Cap/Sales(5y)8.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%39.81%
EPS Next Y36.11%
EPS Next 2Y27.65%
EPS Next 3Y24.15%
EPS Next 5Y17.56%
Revenue 1Y (TTM)41.44%
Revenue growth 3Y120.84%
Revenue growth 5Y126.31%
Sales Q2Q%35.85%
Revenue Next Year27.69%
Revenue Next 2Y24.82%
Revenue Next 3Y23.61%
Revenue Next 5Y20.1%
EBIT growth 1Y8.81%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year63.79%
EBIT Next 3Y41.48%
EBIT Next 5Y38.45%
FCF growth 1Y635%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y478.63%
OCF growth 3YN/A
OCF growth 5YN/A

SHOCKWAVE MEDICAL INC / SWAV Fundamental Analysis FAQ

What is the fundamental rating for SWAV stock?

ChartMill assigns a fundamental rating of 6 / 10 to SWAV.


What is the valuation status for SWAV stock?

ChartMill assigns a valuation rating of 4 / 10 to SHOCKWAVE MEDICAL INC (SWAV). This can be considered as Fairly Valued.


What is the profitability of SWAV stock?

SHOCKWAVE MEDICAL INC (SWAV) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for SWAV stock?

The Earnings per Share (EPS) of SHOCKWAVE MEDICAL INC (SWAV) is expected to grow by 36.11% in the next year.