GRIFOLS SA-ADR (GRFS) Stock Fundamental Analysis
USA - NASDAQ:GRFS - US3984384087 - ADR
9.37 USD
+0.21 (+2.29%)
9.79 USD
+0.42 (+4.48%)
GRFS gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 534 industry peers in the Biotechnology industry. While GRFS has a great profitability rating, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on GRFS.
1. Profitability
1.1 Basic Checks
In the past year GRFS was profitable.
GRFS had a positive operating cash flow in the past year.
In the past 5 years GRFS has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: GRFS reported negative operating cash flow in multiple years.
1.2 Ratios
GRFS has a Return On Assets of 1.50%. This is amongst the best in the industry. GRFS outperforms 89.89% of its industry peers.
With an excellent Return On Equity value of 5.75%, GRFS belongs to the best of the industry, outperforming 92.13% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.79%, GRFS belongs to the top of the industry, outperforming 92.51% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GRFS is significantly below the industry average of 15.50%.
The 3 year average ROIC (2.90%) for GRFS is below the current ROIC(4.79%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.5% | ||
| ROE | 5.75% | ||
| ROIC | 4.79% |
ROA(3y)0.66%
ROA(5y)1.4%
ROE(3y)2.39%
ROE(5y)4.54%
ROIC(3y)2.9%
ROIC(5y)3.1%
1.3 Margins
GRFS's Profit Margin of 3.99% is amongst the best of the industry. GRFS outperforms 90.82% of its industry peers.
In the last couple of years the Profit Margin of GRFS has declined.
Looking at the Operating Margin, with a value of 17.80%, GRFS belongs to the top of the industry, outperforming 93.82% of the companies in the same industry.
GRFS's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 39.37%, GRFS is in the better half of the industry, outperforming 74.16% of the companies in the same industry.
GRFS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.8% | ||
| PM (TTM) | 3.99% | ||
| GM | 39.37% |
OM growth 3Y11.99%
OM growth 5Y-6.16%
PM growth 3Y-17.15%
PM growth 5Y-29.24%
GM growth 3Y-0.88%
GM growth 5Y-3.34%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GRFS is destroying value.
The number of shares outstanding for GRFS remains at a similar level compared to 1 year ago.
GRFS has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for GRFS has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.33, we must say that GRFS is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.33, GRFS is in the better half of the industry, outperforming 63.11% of the companies in the same industry.
The Debt to FCF ratio of GRFS is 13.86, which is on the high side as it means it would take GRFS, 13.86 years of fcf income to pay off all of its debts.
GRFS has a Debt to FCF ratio of 13.86. This is amongst the best in the industry. GRFS outperforms 91.20% of its industry peers.
GRFS has a Debt/Equity ratio of 1.76. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GRFS (1.76) is worse than 79.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 13.86 | ||
| Altman-Z | 1.33 |
ROIC/WACC0.91
WACC5.28%
2.3 Liquidity
A Current Ratio of 2.64 indicates that GRFS has no problem at all paying its short term obligations.
The Current ratio of GRFS (2.64) is worse than 67.98% of its industry peers.
A Quick Ratio of 0.95 indicates that GRFS may have some problems paying its short term obligations.
The Quick ratio of GRFS (0.95) is worse than 87.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.64 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 110.19% over the past year.
Measured over the past years, GRFS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -23.99% on average per year.
The Revenue has grown by 9.32% in the past year. This is quite good.
Measured over the past years, GRFS shows a small growth in Revenue. The Revenue has been growing by 7.18% on average per year.
EPS 1Y (TTM)110.19%
EPS 3Y-6.22%
EPS 5Y-23.99%
EPS Q2Q%760.5%
Revenue 1Y (TTM)9.32%
Revenue growth 3Y13.5%
Revenue growth 5Y7.18%
Sales Q2Q%102.26%
3.2 Future
GRFS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.95% yearly.
The Revenue is expected to grow by 6.37% on average over the next years.
EPS Next Y46.39%
EPS Next 2Y37.18%
EPS Next 3Y32.5%
EPS Next 5Y23.95%
Revenue Next Year5.46%
Revenue Next 2Y6.08%
Revenue Next 3Y6.4%
Revenue Next 5Y6.37%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.37, the valuation of GRFS can be described as rather expensive.
Based on the Price/Earnings ratio, GRFS is valued cheaply inside the industry as 95.69% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of GRFS to the average of the S&P500 Index (26.10), we can say GRFS is valued slightly cheaper.
A Price/Forward Earnings ratio of 7.84 indicates a rather cheap valuation of GRFS.
GRFS's Price/Forward Earnings ratio is rather cheap when compared to the industry. GRFS is cheaper than 98.50% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GRFS to the average of the S&P500 Index (22.52), we can say GRFS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.37 | ||
| Fwd PE | 7.84 |
4.2 Price Multiples
GRFS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GRFS is cheaper than 97.38% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GRFS is valued cheaper than 99.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.94 | ||
| EV/EBITDA | 7.92 |
4.3 Compensation for Growth
GRFS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GRFS has a very decent profitability rating, which may justify a higher PE ratio.
GRFS's earnings are expected to grow with 32.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y37.18%
EPS Next 3Y32.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.29%, GRFS is a good candidate for dividend investing.
GRFS's Dividend Yield is rather good when compared to the industry average which is at 88.06. GRFS pays more dividend than 99.25% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, GRFS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
5.2 History
The dividend of GRFS decreases each year by -66.87%.
GRFS has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-66.87%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y37.18%
EPS Next 3Y32.5%
9.37
+0.21 (+2.29%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)
Earnings (Next)
Inst Owners30.45%
Inst Owner Change0.06%
Ins Owners6.36%
Ins Owner ChangeN/A
Market Cap6.38B
Revenue(TTM)7.45B
Net Income(TTM)297.45M
Analysts74.74
Price Target13.67 (45.89%)
Short Float %2.06%
Short Ratio10.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
Yearly Dividend0
Dividend Growth(5Y)-66.87%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.84%
PT rev (3m)6.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-1.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.37 | ||
| Fwd PE | 7.84 | ||
| P/S | 0.74 | ||
| P/FCF | 7.94 | ||
| P/OCF | 5 | ||
| P/B | 1.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.92 |
EPS(TTM)0.51
EY5.44%
EPS(NY)1.2
Fwd EY12.76%
FCF(TTM)1.18
FCFY12.6%
OCF(TTM)1.88
OCFY20.02%
SpS12.64
BVpS8.77
TBVpS-9.11
PEG (NY)0.4
PEG (5Y)N/A
Graham Number10.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.5% | ||
| ROE | 5.75% | ||
| ROCE | 7.45% | ||
| ROIC | 4.79% | ||
| ROICexc | 5.02% | ||
| ROICexgc | 13.28% | ||
| OM | 17.8% | ||
| PM (TTM) | 3.99% | ||
| GM | 39.37% | ||
| FCFM | 9.34% |
ROA(3y)0.66%
ROA(5y)1.4%
ROE(3y)2.39%
ROE(5y)4.54%
ROIC(3y)2.9%
ROIC(5y)3.1%
ROICexc(3y)3.07%
ROICexc(5y)3.33%
ROICexgc(3y)6.89%
ROICexgc(5y)7.47%
ROCE(3y)4.51%
ROCE(5y)4.82%
ROICexgc growth 3Y11.6%
ROICexgc growth 5Y-8.62%
ROICexc growth 3Y14.21%
ROICexc growth 5Y-7.74%
OM growth 3Y11.99%
OM growth 5Y-6.16%
PM growth 3Y-17.15%
PM growth 5Y-29.24%
GM growth 3Y-0.88%
GM growth 5Y-3.34%
F-Score8
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 13.86 | ||
| Debt/EBITDA | 5.17 | ||
| Cap/Depr | 93.6% | ||
| Cap/Sales | 5.5% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 62.7% | ||
| Profit Quality | 233.89% | ||
| Current Ratio | 2.64 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 1.33 |
F-Score8
WACC5.28%
ROIC/WACC0.91
Cap/Depr(3y)62.1%
Cap/Depr(5y)77.33%
Cap/Sales(3y)1.39%
Cap/Sales(5y)3.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)110.19%
EPS 3Y-6.22%
EPS 5Y-23.99%
EPS Q2Q%760.5%
EPS Next Y46.39%
EPS Next 2Y37.18%
EPS Next 3Y32.5%
EPS Next 5Y23.95%
Revenue 1Y (TTM)9.32%
Revenue growth 3Y13.5%
Revenue growth 5Y7.18%
Sales Q2Q%102.26%
Revenue Next Year5.46%
Revenue Next 2Y6.08%
Revenue Next 3Y6.4%
Revenue Next 5Y6.37%
EBIT growth 1Y44.14%
EBIT growth 3Y27.11%
EBIT growth 5Y0.58%
EBIT Next Year47.43%
EBIT Next 3Y22.74%
EBIT Next 5Y16.15%
FCF growth 1Y239.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y883.42%
OCF growth 3YN/A
OCF growth 5YN/A
GRIFOLS SA-ADR / GRFS FAQ
Can you provide the ChartMill fundamental rating for GRIFOLS SA-ADR?
ChartMill assigns a fundamental rating of 6 / 10 to GRFS.
What is the valuation status for GRFS stock?
ChartMill assigns a valuation rating of 9 / 10 to GRIFOLS SA-ADR (GRFS). This can be considered as Undervalued.
What is the profitability of GRFS stock?
GRIFOLS SA-ADR (GRFS) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for GRFS stock?
The Earnings per Share (EPS) of GRIFOLS SA-ADR (GRFS) is expected to grow by 46.39% in the next year.
Can you provide the dividend sustainability for GRFS stock?
The dividend rating of GRIFOLS SA-ADR (GRFS) is 5 / 10 and the dividend payout ratio is 0%.