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NEOVASC INC (NVCN) Stock Fundamental Analysis

NASDAQ:NVCN - Nasdaq - CA64065J4037 - Common Stock - Currency: USD

30.03  +0.49 (+1.66%)

Premarket: 29.425 -0.61 (-2.01%)

Fundamental Rating

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Overall NVCN gets a fundamental rating of 1 out of 10. We evaluated NVCN against 187 industry peers in the Health Care Equipment & Supplies industry. Both the profitability and financial health of NVCN have multiple concerns. NVCN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year NVCN has reported negative net income.
NVCN had a negative operating cash flow in the past year.
NVCN had negative earnings in each of the past 5 years.
In the past 5 years NVCN always reported negative operating cash flow.
NVCN Yearly Net Income VS EBIT VS OCF VS FCFNVCN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 -20M -40M -60M -80M -100M

1.2 Ratios

NVCN has negative profitability rations, so we won't be analyzing them here.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NVCN Yearly ROA, ROE, ROICNVCN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 500 -500 1K -1K

1.3 Margins

With an excellent Gross Margin value of 79.66%, NVCN belongs to the best of the industry, outperforming 90.57% of the companies in the same industry.
In the last couple of years the Gross Margin of NVCN has grown nicely.
The Profit Margin and Operating Margin are not available for NVCN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 79.66%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.71%
GM growth 5Y17.59%
NVCN Yearly Profit, Operating, Gross MarginsNVCN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 -2K -4K -6K

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2. Health

2.1 Basic Checks

NVCN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NVCN has been increased compared to 1 year ago.
NVCN has a worse debt/assets ratio than last year.
NVCN Yearly Shares OutstandingNVCN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M 20M 25M
NVCN Yearly Total Debt VS Total AssetsNVCN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M

2.2 Solvency

NVCN has an Altman-Z score of -16.71. This is a bad value and indicates that NVCN is not financially healthy and even has some risk of bankruptcy.
NVCN has a Altman-Z score of -16.71. This is amonst the worse of the industry: NVCN underperforms 87.26% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that NVCN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.81, NVCN is doing worse than 75.94% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Altman-Z -16.71
ROIC/WACCN/A
WACC9.15%
NVCN Yearly LT Debt VS Equity VS FCFNVCN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 50M -50M -100M

2.3 Liquidity

NVCN has a Current Ratio of 2.96. This indicates that NVCN is financially healthy and has no problem in meeting its short term obligations.
With a Current ratio value of 2.96, NVCN perfoms like the industry average, outperforming 45.28% of the companies in the same industry.
A Quick Ratio of 2.85 indicates that NVCN has no problem at all paying its short term obligations.
With a Quick ratio value of 2.85, NVCN perfoms like the industry average, outperforming 52.83% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.96
Quick Ratio 2.85
NVCN Yearly Current Assets VS Current LiabilitesNVCN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M

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1

3. Growth

3.1 Past

The earnings per share for NVCN have decreased strongly by -1143.35% in the last year.
NVCN shows a strong growth in Revenue. In the last year, the Revenue has grown by 49.47%.
The Revenue has been decreasing by -6.73% on average over the past years.
EPS 1Y (TTM)-1143.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-121.5%
Revenue 1Y (TTM)49.47%
Revenue growth 3Y22.11%
Revenue growth 5Y-6.73%
Sales Q2Q%91.39%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NVCN Yearly Revenue VS EstimatesNVCN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 5M 10M
NVCN Yearly EPS VS EstimatesNVCN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 -10K -20K -30K

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NVCN. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NVCN Price Earnings VS Forward Price EarningsNVCN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NVCN Per share dataNVCN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -20 -40 -60 -80 -100

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for NVCN!.
Industry RankSector Rank
Dividend Yield N/A

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NEOVASC INC

NASDAQ:NVCN (4/10/2023, 8:00:02 PM)

Premarket: 29.425 -0.61 (-2.01%)

30.03

+0.49 (+1.66%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)03-23 2023-03-23/amc
Earnings (Next)05-10 2023-05-10/amc
Inst Owners14.64%
Inst Owner Change-24.47%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap82.70M
Analysts85.71
Price TargetN/A
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)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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 21.73
P/FCF N/A
P/OCF N/A
P/B 5.22
P/tB 5.22
EV/EBITDA N/A
EPS(TTM)-105.01
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-9.07
FCFYN/A
OCF(TTM)-9.05
OCFYN/A
SpS1.38
BVpS5.75
TBVpS5.75
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 79.66%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.71%
GM growth 5Y17.59%
F-Score3
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 16.27%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.96
Quick Ratio 2.85
Altman-Z -16.71
F-Score3
WACC9.15%
ROIC/WACCN/A
Cap/Depr(3y)28.29%
Cap/Depr(5y)34.48%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1143.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-121.5%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)49.47%
Revenue growth 3Y22.11%
Revenue growth 5Y-6.73%
Sales Q2Q%91.39%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.31%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y8.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.05%
OCF growth 3YN/A
OCF growth 5YN/A