SWAV gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 184 industry peers in the Health Care Equipment & Supplies industry. SWAV is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. SWAV is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, SWAV could be worth investigating further for growth investing!.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year SWAV was profitable.
In the past year SWAV had a positive cash flow from operations.
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.

1.2 Ratios

SWAV has a Return On Assets of 9.95%. This is amongst the best in the industry. SWAV outperforms 93.23% of its industry peers.
The Return On Equity of SWAV (21.76%) is better than 95.31% of its industry peers.
SWAV's Return On Invested Capital of 8.81% is amongst the best of the industry. SWAV outperforms 88.54% of its industry peers.

		Industry Rank	Sector 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

1.3 Margins

With an excellent Profit Margin value of 20.76%, SWAV belongs to the best of the industry, outperforming 94.79% of the companies in the same industry.
The Operating Margin of SWAV (20.52%) is better than 94.27% of its industry peers.
SWAV has a better Gross Margin (86.99%) than 96.35% of its industry peers.
SWAV's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector 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%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SWAV is destroying value.
The number of shares outstanding for SWAV has been increased compared to 1 year ago.
The debt/assets ratio for SWAV is higher compared to a year ago.

2.2 Solvency

An Altman-Z score of 10.26 indicates that SWAV is not in any danger for 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.
The Debt to FCF ratio of SWAV (4.41) is better than 82.81% of its industry peers.
SWAV has a Debt/Equity ratio of 0.97. This is a neutral value indicating 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 Rank	Sector Rank
Debt/Equity	0.97
Debt/FCF	4.41
Altman-Z	10.26

ROIC/WACC0.94

WACC9.36%

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.
The Current ratio of SWAV (13.81) is better than 97.92% of its industry peers.
A Quick Ratio of 12.61 indicates that SWAV has no problem at all paying its short term obligations.
SWAV has a Quick ratio of 12.61. This is amongst the best in the industry. SWAV outperforms 97.40% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	13.81
Quick Ratio	12.61

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

SWAV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.34%, which is quite good.
SWAV shows a strong growth in Revenue. In the last year, the Revenue has grown by 41.44%.
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

The Earnings Per Share is expected to grow by 17.56% on average over the next years. This is quite good.
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

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 78.21, SWAV can be considered very expensive at the moment.
Based on the Price/Earnings ratio, SWAV is valued a bit cheaper than 67.19% of the companies in the same industry.
When comparing the Price/Earnings ratio of SWAV to the average of the S&P500 Index (28.39), we can say SWAV is valued expensively.
The Price/Forward Earnings ratio is 53.09, which means the current valuation is very expensive for SWAV.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SWAV indicates a somewhat cheap valuation: SWAV is cheaper than 68.75% of the companies listed in the same industry.
SWAV is valuated expensively when we compare the Price/Forward Earnings ratio to 25.72, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	78.21
Fwd PE	53.09

4.2 Price Multiples

SWAV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SWAV is cheaper than 67.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SWAV is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	75.65
EV/EBITDA	66.43

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 SWAV may justify a higher PE ratio.
SWAV's earnings are expected to grow with 24.15% in the coming years. This may justify a more expensive valuation.