KORIAN (KORI.PA) Stock Fundamental Analysis
EPA:KORI - Euronext Paris - Matif - FR0010386334 - Common Stock - Currency: EUR
We assign a fundamental rating of 2 out of 10 to KORI. KORI was compared to 24 industry peers in the Health Care Providers & Services industry. While KORI is still in line with the averages on profitability rating, there are concerns on its financial health. KORI has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year KORI was profitable.
KORI had a positive operating cash flow in the past year.
KORI had positive earnings in each of the past 5 years.
Each year in the past 5 years KORI had a positive operating cash flow.
1.2 Ratios
KORI's Return On Assets of 0.15% is on the low side compared to the rest of the industry. KORI is outperformed by 76.19% of its industry peers.
The Return On Equity of KORI (0.62%) is worse than 76.19% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.43%, KORI is doing worse than 66.67% of the companies in the same industry.
KORI had an Average Return On Invested Capital over the past 3 years of 2.49%. This is below the industry average of 5.63%.
| 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
KORI has a Profit Margin of 0.50%. This is in the lower half of the industry: KORI underperforms 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.
KORI has a better Gross Margin (92.07%) than 95.24% of its industry peers.
KORI's Gross Margin has been stable in the last couple of years.
| 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.
The number of shares outstanding for KORI has been increased compared to 1 year ago.
Compared to 1 year ago, KORI has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.51, we must say that KORI is in the distress zone and has some risk of bankruptcy.
KORI has a Altman-Z score of 0.51. This is in the lower half of the industry: KORI underperforms 76.19% of its industry peers.
The Debt to FCF ratio of KORI is 34.46, which is on the high side as it means it would take KORI, 34.46 years of fcf income to pay off all of its debts.
KORI has a Debt to FCF ratio of 34.46. This is in the lower half of the industry: KORI underperforms 66.67% of its industry peers.
A Debt/Equity ratio of 1.96 is on the high side and indicates that KORI has dependencies on debt financing.
KORI's Debt to Equity ratio of 1.96 is on the low side compared to the rest of the industry. KORI is outperformed by 71.43% of its industry peers.
| 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.
KORI has a Current ratio of 0.63. This is in the lower half of the industry: KORI underperforms 71.43% of its industry peers.
KORI has a Quick 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.
KORI has a worse Quick ratio (0.62) than 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.
KORI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -36.91% yearly.
The Revenue has been growing slightly by 7.27% in the past year.
The Revenue has been growing slightly by 7.23% on average over the past years.
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
KORI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.31% yearly.
The Revenue is expected to grow by 5.00% on average over the next years.
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
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 38.74 indicates a quite expensive valuation of KORI.
Based on the Price/Earnings ratio, KORI is valued a bit more expensive than the industry average as 76.19% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 24.83. KORI is valued rather expensively when compared to this.
KORI is valuated rather expensively with a Price/Forward Earnings ratio of 24.99.
66.67% of the companies in the same industry are cheaper than KORI, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 20.94. KORI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.74 | ||
| Fwd PE | 24.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KORI is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, KORI is valued cheaply inside the industry as 95.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.27 | ||
| EV/EBITDA | 8.71 |
4.3 Compensation for Growth
KORI's earnings are expected to decrease with -17.31% in the coming years. This may justify a cheaper valuation.
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%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.72, KORI pays a better dividend. On top of this KORI pays more dividend than 80.95% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, KORI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.27% |
5.2 History
On average, the dividend of KORI grows each year by 10.51%, which is quite nice.
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.
KORI's earnings are declining while the Dividend Rate has been growing. 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%