Varex Imaging Corporation (VREX)
NASDAQ: VREX · IEX Real-Time Price · USD
14.76
-0.30 (-1.99%)
Jul 17, 2024, 4:00 PM EDT - Market closed

Varex Imaging Statistics

Total Valuation

Varex Imaging has a market cap or net worth of $603.68 million. The enterprise value is $885.38 million.

Market Cap 603.68M
Enterprise Value 885.38M

Important Dates

The next estimated earnings date is Tuesday, July 30, 2024, after market close.

Earnings Date Jul 30, 2024
Ex-Dividend Date n/a

Share Statistics

Varex Imaging has 40.90 million shares outstanding. The number of shares has increased by 1.73% in one year.

Shares Outstanding 40.90M
Shares Change (YoY) +1.73%
Shares Change (QoQ) +1.48%
Owned by Insiders (%) 4.88%
Owned by Institutions (%) 107.65%
Float 40.49M

Valuation Ratios

The trailing PE ratio is 16.22 and the forward PE ratio is 17.30. Varex Imaging's PEG ratio is 3.08.

PE Ratio 16.22
Forward PE 17.30
PS Ratio 0.71
Forward PS 0.71
PB Ratio 1.05
P/FCF Ratio 8.34
PEG Ratio 3.08
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.37, with an EV/FCF ratio of 12.23.

EV / Earnings 21.13
EV / Sales 1.03
EV / EBITDA 9.37
EV / EBIT 14.78
EV / FCF 12.23

Financial Position

The company has a current ratio of 4.23, with a Debt / Equity ratio of 0.82.

Current Ratio 4.23
Quick Ratio 2.21
Debt / Equity 0.82
Debt / EBITDA 4.98
Debt / FCF 6.50
Interest Coverage 1.48

Financial Efficiency

Return on equity (ROE) is 7.50% and return on invested capital (ROIC) is 12.53%.

Return on Equity (ROE) 7.50%
Return on Assets (ROA) 3.40%
Return on Capital (ROIC) 12.53%
Revenue Per Employee $372,087
Profits Per Employee $18,217
Employee Count 2,300
Asset Turnover 0.69
Inventory Turnover 1.72

Taxes

Income Tax -22.60M
Effective Tax Rate -117.10%

Stock Price Statistics

The stock price has decreased by -35.46% in the last 52 weeks. The beta is 0.60, so Varex Imaging's price volatility has been lower than the market average.

Beta (5Y) 0.60
52-Week Price Change -35.46%
50-Day Moving Average 15.03
200-Day Moving Average 17.62
Relative Strength Index (RSI) 49.87
Average Volume (20 Days) 669,611

Short Selling Information

The latest short interest is 3.47 million, so 8.47% of the outstanding shares have been sold short.

Short Interest 3.47M
Short Previous Month 4.36M
Short % of Shares Out 8.47%
Short % of Float 8.56%
Short Ratio (days to cover) 5.40

Income Statement

In the last 12 months, Varex Imaging had revenue of $855.80 million and earned $41.90 million in profits. Earnings per share was $0.91.

Revenue 855.80M
Gross Profit 277.20M
Operating Income 60.40M
Pretax Income 19.30M
Net Income 41.90M
EBITDA 94.50M
EBIT 59.90M
Earnings Per Share (EPS) $0.91
Full Income Statement

Balance Sheet

The company has $188.90 million in cash and $470.60 million in debt, giving a net cash position of -$281.70 million or -$6.89 per share.

Cash & Cash Equivalents 188.90M
Total Debt 470.60M
Net Cash -281.70M
Net Cash Per Share -$6.89
Equity (Book Value) 576.10M
Book Value Per Share 14.09
Working Capital 497.80M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $98.20 million and capital expenditures -$25.80 million, giving a free cash flow of $72.40 million.

Operating Cash Flow 98.20M
Capital Expenditures -25.80M
Free Cash Flow 72.40M
FCF Per Share $1.78
Full Cash Flow Statement

Margins

Gross margin is 32.39%, with operating and profit margins of 7.06% and 4.90%.

Gross Margin 32.39%
Operating Margin 7.06%
Pretax Margin 2.26%
Profit Margin 4.90%
EBITDA Margin 11.04%
EBIT Margin 7.00%
FCF Margin 8.46%

Dividends & Yields

Varex Imaging does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -1.73%
Shareholder Yield -1.73%
Earnings Yield 6.94%
FCF Yield 11.99%

Analyst Forecast

The average price target for Varex Imaging is $30.00, which is 103.25% higher than the current price. The consensus rating is "Buy".

Price Target $30.00
Price Target Difference 103.25%
Analyst Consensus Buy
Analyst Count 1
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Varex Imaging has an Altman Z-Score of 2 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2
Piotroski F-Score 6