Varex Imaging Corporation (VREX)
Varex Imaging Statistics
Share Statistics
Varex Imaging has 41.2M shares outstanding. The number of shares has increased by 1.55% in one year.
| Shares Outstanding | 41.2M |
| Shares Change (YoY) | 1.55% |
| Shares Change (QoQ) | 0.81% |
| Owned by Institutions (%) | 94.8% |
| Shares Floating | 40.65M |
| Failed to Deliver (FTD) Shares | 105 |
| FTD / Avg. Volume | 0.02% |
Short Selling Information
The latest short interest is 1.56M, so 3.78% of the outstanding shares have been sold short.
| Short Interest | 1.56M |
| Short % of Shares Out | 3.78% |
| Short % of Float | 3.83% |
| Short Ratio (days to cover) | 3.78 |
Valuation Ratios
The PE ratio is -10.2 and the forward PE ratio is 14.65. Varex Imaging's PEG ratio is 0.05.
| PE Ratio | -10.2 |
| Forward PE | 14.65 |
| PS Ratio | 0.6 |
| Forward PS | 0.5 |
| PB Ratio | 0.91 |
| P/FCF Ratio | 23.84 |
| PEG Ratio | 0.05 |
Enterprise Valuation
Varex Imaging Corporation has an Enterprise Value (EV) of 1.07B.
| EV / Earnings | -22.52 |
| EV / Sales | 1.32 |
| EV / EBITDA | 15.98 |
| EV / EBIT | 33.46 |
| EV / FCF | 52.65 |
Financial Position
The company has a current ratio of 3.32, with a Debt / Equity ratio of 0.88.
| Current Ratio | 3.32 |
| Quick Ratio | 1.97 |
| Debt / Equity | 0.88 |
| Total Debt / Capitalization | 46.78 |
| Cash Flow / Debt | 0.1 |
| Interest Coverage | 1.03 |
Financial Efficiency
Return on equity (ROE) is -0.09% and return on capital (ROIC) is -29.72%.
| Return on Equity (ROE) | -0.09% |
| Return on Assets (ROA) | -0.04% |
| Return on Capital (ROIC) | -29.72% |
| Revenue Per Employee | $352,608.7 |
| Profits Per Employee | $-20,739.13 |
| Employee Count | 2,300 |
| Asset Turnover | 0.67 |
| Inventory Turnover | 2.09 |
Taxes
| Income Tax | 52.2M |
| Effective Tax Rate | 10.44 |
Stock Price Statistics
The stock price has increased by -25.51% in the last 52 weeks. The beta is 0.57, so Varex Imaging's price volatility has been higher than the market average.
| Beta | 0.57 |
| 52-Week Price Change | -25.51% |
| 50-Day Moving Average | 13.79 |
| 200-Day Moving Average | 13.69 |
| Relative Strength Index (RSI) | 43.41 |
| Average Volume (20 Days) | 530.43K |
Income Statement
In the last 12 months, Varex Imaging had revenue of 811M and earned -47.7M in profits. Earnings per share was -1.17.
| Revenue | 811M |
| Gross Profit | 256.9M |
| Operating Income | 32.1M |
| Net Income | -47.7M |
| EBITDA | 67.2M |
| EBIT | 32.1M |
| Earnings Per Share (EPS) | -1.17 |
Balance Sheet
The company has 168.7M in cash and 470.4M in debt, giving a net cash position of -301.7M.
| Cash & Cash Equivalents | 168.7M |
| Total Debt | 470.4M |
| Net Cash | -301.7M |
| Retained Earnings | 70.4M |
| Total Assets | 1.33B |
| Working Capital | 506.4M |
Cash Flow
In the last 12 months, operating cash flow was 47.3M and capital expenditures -26.9M, giving a free cash flow of 20.4M.
| Operating Cash Flow | 47.3M |
| Capital Expenditures | -26.9M |
| Free Cash Flow | 20.4M |
| FCF Per Share | 0.5 |
Margins
Gross margin is 31.68%, with operating and profit margins of 3.96% and -5.88%.
| Gross Margin | 31.68% |
| Operating Margin | 3.96% |
| Pretax Margin | 0.62% |
| Profit Margin | -5.88% |
| EBITDA Margin | 8.29% |
| EBIT Margin | 3.96% |
| FCF Margin | 2.52% |
Dividends & Yields
VREX does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | -9.13% |
| FCF Yield | 3.86% |
Analyst Forecast
The average price target for VREX is $22.5, which is 75.5% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $22.5 |
| Price Target Difference | 75.5% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 2 |
Scores
| Altman Z-Score | 1.66 |
| Piotroski F-Score | 5 |