Varex Imaging Corp

Company Profile

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.

Stock update

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

27.933

Trailing PE

26.8451

PEG

1.2144

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

$0

Capital Expenditure

$4.20 million

Dividend Payout Ratio

0%

Varex Imaging Corp ended 2024 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 2024 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 2024, 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 2024.

Other key metrics

Current Trading Price

$18.81

52-Week High

$23.895

52-Week Low

$17.11

Analyst Target Price

$36.25

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.