NUVASIVE INC (NUVA) Fundamental Analysis & Valuation

NASDAQ:NUVA • US6707041058

Current stock price

39.75 USD
-0.91 (-2.24%)
At close:
39.88 USD
+0.13 (+0.33%)
After Hours:

This NUVA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. NUVA Profitability Analysis

1.1 Basic Checks

  • In the past year NUVA was profitable.
  • In the past year NUVA had a positive cash flow from operations.
NUVA Yearly Net Income VS EBIT VS OCF VS FCFNUVA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 50M -50M 100M 150M 200M

1.2 Ratios

  • With a decent Return On Assets value of 1.36%, NUVA is doing good in the industry, outperforming 75.38% of the companies in the same industry.
  • NUVA has a better Return On Equity (3.19%) than 76.38% of its industry peers.
  • NUVA has a better Return On Invested Capital (3.43%) than 76.38% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NUVA is significantly below the industry average of 9.18%.
  • The last Return On Invested Capital (3.43%) for NUVA is above the 3 year average (2.87%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.36%
ROE 3.19%
ROIC 3.43%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)2.87%
ROIC(5y)3.87%
NUVA Yearly ROA, ROE, ROICNUVA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 5 -5 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.32%, NUVA is in the better half of the industry, outperforming 74.37% of the companies in the same industry.
  • NUVA's Profit Margin has declined in the last couple of years.
  • With a decent Operating Margin value of 6.73%, NUVA is doing good in the industry, outperforming 74.87% of the companies in the same industry.
  • NUVA's Operating Margin has declined in the last couple of years.
  • NUVA has a better Gross Margin (71.66%) than 82.41% of its industry peers.
  • In the last couple of years the Gross Margin of NUVA has remained more or less at the same level.
Industry RankSector Rank
OM 6.73%
PM (TTM) 2.32%
GM 71.66%
OM growth 3Y-12.51%
OM growth 5Y-9.94%
PM growth 3Y-15.55%
PM growth 5Y-15.81%
GM growth 3Y-0.57%
GM growth 5Y-0.5%
NUVA Yearly Profit, Operating, Gross MarginsNUVA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 20 40 60

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2

2. NUVA Health Analysis

2.1 Basic Checks

  • NUVA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for NUVA has been increased compared to 1 year ago.
  • The debt/assets ratio for NUVA has been reduced compared to a year ago.
NUVA Yearly Shares OutstandingNUVA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M 50M
NUVA Yearly Total Debt VS Total AssetsNUVA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • NUVA has an Altman-Z score of 1.91. This is not the best score and indicates that NUVA is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 1.91, NUVA perfoms like the industry average, outperforming 57.29% of the companies in the same industry.
  • NUVA has a Debt/Equity ratio of 0.89. This is a neutral value indicating NUVA is somewhat dependend on debt financing.
  • NUVA has a Debt to Equity ratio of 0.89. This is in the lower half of the industry: NUVA underperforms 78.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF N/A
Altman-Z 1.91
ROIC/WACC0.42
WACC8.11%
NUVA Yearly LT Debt VS Equity VS FCFNUVA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M

2.3 Liquidity

  • NUVA has a Current Ratio of 1.25. This is a normal value and indicates that NUVA is financially healthy and should not expect problems in meeting its short term obligations.
  • NUVA has a Current ratio of 1.25. This is amonst the worse of the industry: NUVA underperforms 89.45% of its industry peers.
  • NUVA has a Quick Ratio of 1.25. This is a bad value and indicates that NUVA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NUVA's Quick ratio of 0.65 is on the low side compared to the rest of the industry. NUVA is outperformed by 93.97% of its industry peers.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 0.65
NUVA Yearly Current Assets VS Current LiabilitesNUVA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NUVA Growth Analysis

3.1 Past

  • NUVA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.61%, which is quite good.
  • Measured over the past 5 years, NUVA shows a small growth in Earnings Per Share. The EPS has been growing by 0.62% on average per year.
  • The Revenue has been growing slightly by 4.44% in the past year.
  • Measured over the past years, NUVA shows a small growth in Revenue. The Revenue has been growing by 3.20% on average per year.
EPS 1Y (TTM)15.61%
EPS 3Y-7.23%
EPS 5Y0.62%
EPS Q2Q%19.15%
Revenue 1Y (TTM)4.44%
Revenue growth 3Y0.96%
Revenue growth 5Y3.2%
Sales Q2Q%2.36%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.32% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.89% on average over the next years.
EPS Next Y13.97%
EPS Next 2Y14.82%
EPS Next 3Y14.9%
EPS Next 5Y14.32%
Revenue Next Year6.01%
Revenue Next 2Y6.22%
Revenue Next 3Y6.45%
Revenue Next 5Y6.89%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NUVA Yearly Revenue VS EstimatesNUVA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
NUVA Yearly EPS VS EstimatesNUVA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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4

4. NUVA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 19.88, NUVA is valued on the expensive side.
  • Based on the Price/Earnings ratio, NUVA is valued cheaper than 86.93% of the companies in the same industry.
  • NUVA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.70.
  • Based on the Price/Forward Earnings ratio of 15.23, the valuation of NUVA can be described as correct.
  • Based on the Price/Forward Earnings ratio, NUVA is valued cheaply inside the industry as 88.44% of the companies are valued more expensively.
  • NUVA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 19.88
Fwd PE 15.23
NUVA Price Earnings VS Forward Price EarningsNUVA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • NUVA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NUVA is cheaper than 93.47% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11
NUVA Per share dataNUVA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • NUVA's earnings are expected to grow with 14.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.42
PEG (5Y)32.2
EPS Next 2Y14.82%
EPS Next 3Y14.9%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NUVA Dividend Analysis

5.1 Amount

  • NUVA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NUVA Fundamentals: All Metrics, Ratios and Statistics

NUVASIVE INC

NASDAQ:NUVA (8/31/2023, 8:10:26 PM)

After market: 39.88 +0.13 (+0.33%)

39.75

-0.91 (-2.24%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)08-02
Earnings (Next)11-07
Inst Owners0%
Inst Owner Change0%
Ins Owners1.99%
Ins Owner Change0%
Market Cap2.08B
Revenue(TTM)1.23B
Net Income(TTM)28.45M
Analysts70.91
Price Target50.72 (27.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.04%
Min EPS beat(2)0.41%
Max EPS beat(2)7.68%
EPS beat(4)2
Avg EPS beat(4)-2.68%
Min EPS beat(4)-17.19%
Max EPS beat(4)7.68%
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)1
Avg Revenue beat(2)-1.05%
Min Revenue beat(2)-3.26%
Max Revenue beat(2)1.16%
Revenue beat(4)1
Avg Revenue beat(4)-2.23%
Min Revenue beat(4)-3.74%
Max Revenue beat(4)1.16%
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)1.53%
PT rev (3m)2.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.88%
EPS NY rev (1m)0%
EPS NY rev (3m)2.33%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-0.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 19.88
Fwd PE 15.23
P/S 1.7
P/FCF N/A
P/OCF 14.94
P/B 2.34
P/tB 24.74
EV/EBITDA 11
EPS(TTM)2
EY5.03%
EPS(NY)2.61
Fwd EY6.57%
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)2.66
OCFY6.69%
SpS23.38
BVpS17.02
TBVpS1.61
PEG (NY)1.42
PEG (5Y)32.2
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 1.36%
ROE 3.19%
ROCE 5.48%
ROIC 3.43%
ROICexc 3.59%
ROICexgc 6.59%
OM 6.73%
PM (TTM) 2.32%
GM 71.66%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)2.87%
ROIC(5y)3.87%
ROICexc(3y)4.12%
ROICexc(5y)4.87%
ROICexgc(3y)17.94%
ROICexgc(5y)16.07%
ROCE(3y)3.71%
ROCE(5y)5.01%
ROICexgc growth 3Y3.59%
ROICexgc growth 5Y-1.31%
ROICexc growth 3Y-7.11%
ROICexc growth 5Y-4.99%
OM growth 3Y-12.51%
OM growth 5Y-9.94%
PM growth 3Y-15.55%
PM growth 5Y-15.81%
GM growth 3Y-0.57%
GM growth 5Y-0.5%
F-Score7
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF N/A
Debt/EBITDA 3.58
Cap/Depr 101.93%
Cap/Sales 11.65%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.25
Quick Ratio 0.65
Altman-Z 1.91
F-Score7
WACC8.11%
ROIC/WACC0.42
Cap/Depr(3y)82.61%
Cap/Depr(5y)85.69%
Cap/Sales(3y)10.64%
Cap/Sales(5y)10.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.61%
EPS 3Y-7.23%
EPS 5Y0.62%
EPS Q2Q%19.15%
EPS Next Y13.97%
EPS Next 2Y14.82%
EPS Next 3Y14.9%
EPS Next 5Y14.32%
Revenue 1Y (TTM)4.44%
Revenue growth 3Y0.96%
Revenue growth 5Y3.2%
Sales Q2Q%2.36%
Revenue Next Year6.01%
Revenue Next 2Y6.22%
Revenue Next 3Y6.45%
Revenue Next 5Y6.89%
EBIT growth 1Y45.07%
EBIT growth 3Y-11.68%
EBIT growth 5Y-7.06%
EBIT Next Year96.6%
EBIT Next 3Y33.66%
EBIT Next 5Y25.87%
FCF growth 1Y-102.72%
FCF growth 3Y-34.34%
FCF growth 5Y-14.37%
OCF growth 1Y-39.92%
OCF growth 3Y-10.42%
OCF growth 5Y-0.91%

NUVASIVE INC / NUVA Fundamental Analysis FAQ

What is the fundamental rating for NUVA stock?

ChartMill assigns a fundamental rating of 4 / 10 to NUVA.


What is the valuation status for NUVA stock?

ChartMill assigns a valuation rating of 5 / 10 to NUVASIVE INC (NUVA). This can be considered as Fairly Valued.


Can you provide the profitability details for NUVASIVE INC?

NUVASIVE INC (NUVA) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for NUVA stock?

The Price/Earnings (PE) ratio for NUVASIVE INC (NUVA) is 19.88 and the Price/Book (PB) ratio is 2.34.


What is the earnings growth outlook for NUVASIVE INC?

The Earnings per Share (EPS) of NUVASIVE INC (NUVA) is expected to grow by 13.97% in the next year.