KORIAN (KORI.PA) Stock Fundamental Analysis
EPA:KORI - Euronext Paris - Matif - FR0010386334 - Common Stock - Currency: EUR
We assign a fundamental rating of 3 out of 10 to KORI. KORI was compared to 25 industry peers in the Health Care Providers & Services industry. There are concerns on the financial health of KORI while its profitability can be described as average. KORI does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
KORI had positive earnings in the past year.
In the past year KORI had a positive cash flow from operations.
KORI had positive earnings in each of the past 5 years.
In the past 5 years KORI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of KORI (0.15%) is worse than 76.19% of its industry peers.
KORI has a Return On Equity of 0.62%. This is in the lower half of the industry: KORI underperforms 76.19% of its industry peers.
KORI's Return On Invested Capital of 2.43% is on the low side compared to the rest of the industry. KORI is outperformed by 66.67% of its industry peers.
KORI had an Average Return On Invested Capital over the past 3 years of 2.49%. This is below the industry average of 5.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.15% | ||
| ROE | 0.62% | ||
| ROIC | 2.43% |
ROA(3y)0.36%
ROA(5y)0.75%
ROE(3y)1.49%
ROE(5y)2.76%
ROIC(3y)2.49%
ROIC(5y)3.01%
1.3 Margins
The Profit Margin of KORI (0.50%) is worse than 76.19% of its industry peers.
In the last couple of years the Profit Margin of KORI has declined.
Looking at the Operating Margin, with a value of 7.54%, KORI is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
In the last couple of years the Operating Margin of KORI has declined.
With an excellent Gross Margin value of 92.07%, KORI belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
In the last couple of years the Gross Margin of KORI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.54% | ||
| PM (TTM) | 0.5% | ||
| GM | 92.07% |
OM growth 3Y-8.77%
OM growth 5Y-3.82%
PM growth 3Y-46.1%
PM growth 5Y-37.51%
GM growth 3Y-0.1%
GM growth 5Y0.03%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KORI is destroying value.
Compared to 1 year ago, KORI has more shares outstanding
KORI has a better debt/assets ratio than last year.
2.2 Solvency
KORI has an Altman-Z score of 0.51. This is a bad value and indicates that KORI is not financially healthy and even has some risk of bankruptcy.
KORI has a worse Altman-Z score (0.51) than 76.19% of its industry peers.
KORI has a debt to FCF ratio of 34.46. This is a negative value and a sign of low solvency as KORI would need 34.46 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 34.46, KORI is doing worse than 66.67% of the companies in the same industry.
A Debt/Equity ratio of 1.96 is on the high side and indicates that KORI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.96, KORI is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 34.46 | ||
| Altman-Z | 0.51 |
ROIC/WACC0.82
WACC2.97%
2.3 Liquidity
KORI has a Current Ratio of 0.63. This is a bad value and indicates that KORI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of KORI (0.63) is worse than 71.43% of its industry peers.
A Quick Ratio of 0.62 indicates that KORI may have some problems paying its short term obligations.
KORI has a Quick ratio of 0.62. This is in the lower half of the industry: KORI underperforms 61.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The earnings per share for KORI have decreased strongly by -77.10% in the last year.
Measured over the past years, KORI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -36.91% on average per year.
KORI shows a small growth in Revenue. In the last year, the Revenue has grown by 7.27%.
KORI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.23% yearly.
EPS 1Y (TTM)-77.1%
EPS 3Y-46.73%
EPS 5Y-36.91%
EPS Q2Q%-85.96%
Revenue 1Y (TTM)7.27%
Revenue growth 3Y7.1%
Revenue growth 5Y7.23%
Sales Q2Q%6.66%
3.2 Future
Based on estimates for the next years, KORI will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.31% on average per year.
Based on estimates for the next years, KORI will show a small growth in Revenue. The Revenue will grow by 5.00% on average per year.
EPS Next Y-69.88%
EPS Next 2Y-27.27%
EPS Next 3Y-17.31%
EPS Next 5YN/A
Revenue Next Year8.42%
Revenue Next 2Y7.06%
Revenue Next 3Y6.39%
Revenue Next 5Y5%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.74, KORI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, KORI is valued a bit more expensive than 76.19% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.48. KORI is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 24.99 indicates a rather expensive valuation of KORI.
66.67% of the companies in the same industry are cheaper than KORI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of KORI to the average of the S&P500 Index (34.04), we can say KORI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.74 | ||
| Fwd PE | 24.99 |
4.2 Price Multiples
61.90% of the companies in the same industry are more expensive than KORI, based on the Enterprise Value to EBITDA ratio.
95.24% of the companies in the same industry are more expensive than KORI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.27 | ||
| EV/EBITDA | 8.71 |
4.3 Compensation for Growth
A cheap valuation may be justified as KORI's earnings are expected to decrease with -17.31% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.27%
EPS Next 3Y-17.31%
5. Dividend
5.1 Amount
KORI has a Yearly Dividend Yield of 3.27%.
KORI's Dividend Yield is rather good when compared to the industry average which is at 2.85. KORI pays more dividend than 80.95% of the companies in the same industry.
KORI's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.27% |
5.2 History
The dividend of KORI is nicely growing with an annual growth rate of 10.51%!
Dividend Growth(5Y)10.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KORI pays out 262.13% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of KORI has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP262.13%
EPS Next 2Y-27.27%
EPS Next 3Y-17.31%
EPA:KORI (6/19/2023, 7:00:00 PM)
7.36
-0.29 (-3.79%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap783.53M
Analysts82.86
Price Target12.22 (66.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.27% |
Yearly Dividend0.55
Dividend Growth(5Y)10.51%
DP262.13%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-4.01%
PT rev (3m)-21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-60.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.74 | ||
| Fwd PE | 24.99 | ||
| P/S | 0.18 | ||
| P/FCF | 3.27 | ||
| P/OCF | 0.91 | ||
| P/B | 0.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.71 |
EPS(TTM)0.19
EY2.58%
EPS(NY)0.29
Fwd EY4%
FCF(TTM)2.25
FCFY30.55%
OCF(TTM)8.09
OCFY109.96%
SpS41.69
BVpS33.25
TBVpS-18.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.15% | ||
| ROE | 0.62% | ||
| ROCE | N/A | ||
| ROIC | 2.43% | ||
| ROICexc | 2.59% | ||
| ROICexgc | 5.16% | ||
| OM | 7.54% | ||
| PM (TTM) | 0.5% | ||
| GM | 92.07% | ||
| FCFM | N/A |
ROA(3y)0.36%
ROA(5y)0.75%
ROE(3y)1.49%
ROE(5y)2.76%
ROIC(3y)2.49%
ROIC(5y)3.01%
ROICexc(3y)2.74%
ROICexc(5y)3.27%
ROICexgc(3y)5.64%
ROICexgc(5y)8.21%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-10.64%
ROICexcg growth 5Y-22.21%
ROICexc growth 3Y-9.78%
ROICexc growth 5Y-10.81%
OM growth 3Y-8.77%
OM growth 5Y-3.82%
PM growth 3Y-46.1%
PM growth 5Y-37.51%
GM growth 3Y-0.1%
GM growth 5Y0.03%
F-Score5
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 34.46 | ||
| Debt/EBITDA | 8.67 | ||
| Cap/Depr | 100.82% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 1085.11% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 0.51 |
F-Score5
WACC2.97%
ROIC/WACC0.82
Cap/Depr(3y)95.42%
Cap/Depr(5y)108.61%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)708.02%
Profit Quality(5y)519.75%
High Growth Momentum
Growth
EPS 1Y (TTM)-77.1%
EPS 3Y-46.73%
EPS 5Y-36.91%
EPS Q2Q%-85.96%
EPS Next Y-69.88%
EPS Next 2Y-27.27%
EPS Next 3Y-17.31%
EPS Next 5YN/A
Revenue 1Y (TTM)7.27%
Revenue growth 3Y7.1%
Revenue growth 5Y7.23%
Sales Q2Q%6.66%
Revenue Next Year8.42%
Revenue Next 2Y7.06%
Revenue Next 3Y6.39%
Revenue Next 5Y5%
EBIT growth 1Y-17.06%
EBIT growth 3Y-2.29%
EBIT growth 5Y3.14%
EBIT Next Year160.05%
EBIT Next 3Y43.4%
EBIT Next 5Y25.83%
FCF growth 1Y-23.06%
FCF growth 3Y-18.33%
FCF growth 5Y4.03%
OCF growth 1Y2.56%
OCF growth 3Y4.01%
OCF growth 5Y17.47%