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Varex Imaging Corp
NASDAQ:VREX

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Varex Imaging Corp
NASDAQ:VREX
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Price: 16.51 USD 0.43% Market Closed
Market Cap: 675.3m USD
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Intrinsic Value

The intrinsic value of one VREX stock under the Base Case scenario is 21.54 USD. Compared to the current market price of 16.51 USD, Varex Imaging Corp is Undervalued by 23%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

VREX Intrinsic Value
21.54 USD
Undervaluation 23%
Intrinsic Value
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Varex Imaging Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Varex Imaging Corp
US
Health Care
Market Cap
678.5m USD
IPO
Jan 20, 2017
Employees
2 100
United States of America
Market Cap
678.5m USD
Industry
Health Care
IPO
Jan 20, 2017

Varex Imaging Corp. engages in the design, manufacture, and sale of imaging components. The company is headquartered in Salt Lake City, Utah and currently employs 2,100 full-time employees. The company went IPO on 2017-01-20. The company operates through two segments: Medical and Industrial. The Medical segment designs, manufactures, sells and services X-ray imaging components, including X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, three-dimensional (3D) reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers and buckys. These components are used in a range of medical imaging applications. The Industrial segment designs, develops, manufactures, sells and services X-ray imaging products for use in various markets, including security applications for cargo screening at ports and borders, baggage screening at airports, and nondestructive testing and inspection applications used in various other markets.

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Financials
Annual
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Balance Sheet Decomposition
Varex Imaging Corp

Current Assets 649.9m
Cash & Short-Term Investments 200.5m
Receivables 157.7m
Other Current Assets 291.7m
Non-Current Assets 567.1m
Long-Term Investments 26.8m
PP&E 181.7m
Intangibles 307.1m
Other Non-Current Assets 51.5m
Current Liabilities 195.9m
Accounts Payable 59.1m
Accrued Liabilities 82.2m
Other Current Liabilities 54.6m
Non-Current Liabilities 486m
Long-Term Debt 403m
Other Non-Current Liabilities 83m
Efficiency

Earnings Waterfall
Varex Imaging Corp

Revenue
811m USD
Cost of Revenue
-549.2m USD
Gross Profit
261.8m USD
Operating Expenses
-224.8m USD
Operating Income
37m USD
Other Expenses
-84.7m USD
Net Income
-47.7m USD

Free Cash Flow Analysis
Varex Imaging Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

VREX Profitability Score
Profitability Due Diligence

Varex Imaging Corp's profitability score is 41/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive Revenue Growth Forecast
Negative 3-Years Revenue Growth
41/100
Profitability
Score

Varex Imaging Corp's profitability score is 41/100. The higher the profitability score, the more profitable the company is.

VREX Solvency Score
Solvency Due Diligence

Varex Imaging Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Low D/E
Positive Net Debt
44/100
Solvency
Score

Varex Imaging Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

VREX Price Targets Summary
Varex Imaging Corp

Wall Street analysts forecast VREX stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for VREX is 22.64 USD with a low forecast of 16.16 USD and a high forecast of 31.5 USD.

Lowest
Price Target
16.16 USD
2% Downside
Average
Price Target
22.64 USD
37% Upside
Highest
Price Target
31.5 USD
91% Upside
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Dividends

Varex Imaging Corp
does not pay dividends
Shareholder Yield

Current shareholder yield for VREX is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
Buyback Yield
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Debt Paydown Yield
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Ownership

VREX Insider Trading
Buy and sell transactions by insiders

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Period Sold Bought Net
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What is the Intrinsic Value of one VREX stock?

The intrinsic value of one VREX stock under the Base Case scenario is 21.54 USD.

Is VREX stock undervalued or overvalued?

Compared to the current market price of 16.51 USD, Varex Imaging Corp is Undervalued by 23%.

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