Varex Imaging Corp
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- Market Cap.:
- $770.02 million
- Book Value:
- Revenue TTM:
- $897.40 million
- Operating Margin TTM:
- Gross Profit TTM:
- $283.50 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Varex Imaging Corp had its IPO on 2017-01-20 under the ticker symbol VREX.
The company operates in the Healthcare sector and Medical Devices industry. Varex Imaging Corp has a staff strength of 2,300 employees.
Shares of Varex Imaging Corp opened at $19 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $18.62 - $19.1, and closed at $18.81.
This is a -1.31% slip from the previous day's closing price.
A total volume of 432,515 shares were traded at the close of the day’s session.
In the last one week, shares of Varex Imaging Corp have slipped by -5.67%.
Varex Imaging Corp's Key Ratios
Varex Imaging Corp has a market cap of $770.02 million, indicating a price to book ratio of 1.5118 and a price to sales ratio of 0.9019.
In the last 12-months Varex Imaging Corp’s revenue was $897.40 million with a gross profit of $283.50 million and an EBITDA of $108 million. The EBITDA ratio measures Varex Imaging Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Varex Imaging Corp’s operating margin was 8.41% while its return on assets stood at 3.97% with a return of equity of 5.57%.
In Q2, Varex Imaging Corp’s quarterly earnings growth was a positive 4.2% while revenue growth was a positive 8.3%.
Varex Imaging Corp’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $0.71 per share while it has a forward price to earnings multiple of 27.933 and a PEG multiple of 1.2144. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Varex Imaging Corp’s profitability.
Varex Imaging Corp stock is trading at a EV to sales ratio of 1.3421 and a EV to EBITDA ratio of 10.0735. Its price to sales ratio in the trailing 12-months stood at 0.9019.
Varex Imaging Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.21 billion
- Total Liabilities
- $158.60 million
- Operating Cash Flow
- Capital Expenditure
- $4.20 million
- Dividend Payout Ratio
Varex Imaging Corp ended 2023 with $1.21 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.21 billion while shareholder equity stood at $531.50 million.
Varex Imaging Corp ended 2023 with $0 in deferred long-term liabilities, $158.60 million in other current liabilities, 400000.00 in common stock, $86.50 million in retained earnings and $289.20 million in goodwill. Its cash balance stood at $118.50 million and cash and short-term investments were $118.50 million. The company’s total short-term debt was $5,200,000 while long-term debt stood at $441.10 million.
Varex Imaging Corp’s total current assets stands at $638.50 million while long-term investments were $46.80 million and short-term investments were $0. Its net receivables were $163.30 million compared to accounts payable of $74.60 million and inventory worth $297.70 million.
In 2023, Varex Imaging Corp's operating cash flow was $0 while its capital expenditure stood at $4.20 million.
Comparatively, Varex Imaging Corp paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Varex Imaging Corp stock is currently trading at $18.81 per share. It touched a 52-week high of $23.895 and a 52-week low of $23.895. Analysts tracking the stock have a 12-month average target price of $36.25.
Its 50-day moving average was $21.51 and 200-day moving average was $20.37 The short ratio stood at 11.43 indicating a short percent outstanding of 0%.
Around 68.2% of the company’s stock are held by insiders while 10724.3% are held by institutions.
Frequently Asked Questions About Varex Imaging Corp
Similar Industry Stocks (Medical Devices)
Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment’s products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. The company sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. It has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was incorporated in 2016 and is headquartered in Salt Lake City, Utah.