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PATTERSON COS INC (PDCO) Stock Fundamental Analysis

NASDAQ:PDCO - Nasdaq - US7033951036 - Common Stock - Currency: USD

31.33  +0.01 (+0.03%)

After market: 31.34 +0.01 (+0.03%)

Fundamental Rating

4

PDCO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 102 industry peers in the Health Care Providers & Services industry. PDCO has only an average score on both its financial health and profitability. PDCO has a valuation in line with the averages, but it does not seem to be growing. Finally PDCO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year PDCO was profitable.
In the past year PDCO has reported a negative cash flow from operations.
Of the past 5 years PDCO 4 years were profitable.
In the past 5 years PDCO always reported negative operating cash flow.
PDCO Yearly Net Income VS EBIT VS OCF VS FCFPDCO 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 2023 2024 0 200M -200M -400M -600M -800M -1B

1.2 Ratios

PDCO has a Return On Assets of 4.90%. This is in the better half of the industry: PDCO outperforms 77.14% of its industry peers.
With an excellent Return On Equity value of 14.02%, PDCO belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
PDCO has a better Return On Invested Capital (8.36%) than 75.24% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PDCO is in line with the industry average of 9.59%.
Industry RankSector Rank
ROA 4.9%
ROE 14.02%
ROIC 8.36%
ROA(3y)7.01%
ROA(5y)1.01%
ROE(3y)18.89%
ROE(5y)0.46%
ROIC(3y)11.02%
ROIC(5y)9.45%
PDCO Yearly ROA, ROE, ROICPDCO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

PDCO has a Profit Margin of 2.13%. This is in the better half of the industry: PDCO outperforms 62.86% of its industry peers.
PDCO's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 3.08%, PDCO perfoms like the industry average, outperforming 52.38% of the companies in the same industry.
PDCO's Operating Margin has improved in the last couple of years.
PDCO has a Gross Margin of 20.47%. This is comparable to the rest of the industry: PDCO outperforms 40.95% of its industry peers.
In the last couple of years the Gross Margin of PDCO has remained more or less at the same level.
Industry RankSector Rank
OM 3.08%
PM (TTM) 2.13%
GM 20.47%
OM growth 3Y2.63%
OM growth 5Y9.29%
PM growth 3Y2.37%
PM growth 5Y13.55%
GM growth 3Y1.08%
GM growth 5Y-0.33%
PDCO Yearly Profit, Operating, Gross MarginsPDCO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PDCO is creating some value.
Compared to 1 year ago, PDCO has less shares outstanding
The number of shares outstanding for PDCO has been reduced compared to 5 years ago.
Compared to 1 year ago, PDCO has a worse debt to assets ratio.
PDCO Yearly Shares OutstandingPDCO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
PDCO Yearly Total Debt VS Total AssetsPDCO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

PDCO has an Altman-Z score of 4.06. This indicates that PDCO is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.06, PDCO is doing good in the industry, outperforming 78.10% of the companies in the same industry.
A Debt/Equity ratio of 0.63 indicates that PDCO is somewhat dependend on debt financing.
The Debt to Equity ratio of PDCO (0.63) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Altman-Z 4.06
ROIC/WACC1.05
WACC7.97%
PDCO Yearly LT Debt VS Equity VS FCFPDCO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B 1.5B

2.3 Liquidity

PDCO has a Current Ratio of 1.41. This is a normal value and indicates that PDCO is financially healthy and should not expect problems in meeting its short term obligations.
PDCO has a Current ratio (1.41) which is in line with its industry peers.
PDCO has a Quick Ratio of 1.41. This is a bad value and indicates that PDCO is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.73, PDCO is doing worse than 81.90% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 0.73
PDCO Yearly Current Assets VS Current LiabilitesPDCO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

3

3. Growth

3.1 Past

The earnings per share for PDCO have decreased strongly by -15.88% in the last year.
The Earnings Per Share has been growing by 10.53% on average over the past years. This is quite good.
The Revenue has decreased by -0.85% in the past year.
Measured over the past years, PDCO shows a small growth in Revenue. The Revenue has been growing by 3.34% on average per year.
EPS 1Y (TTM)-15.88%
EPS 3Y6.36%
EPS 5Y10.53%
EPS Q2Q%-27.12%
Revenue 1Y (TTM)-0.85%
Revenue growth 3Y3.57%
Revenue growth 5Y3.34%
Sales Q2Q%-2.7%

3.2 Future

PDCO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.64% yearly.
PDCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.87% yearly.
EPS Next Y-5.78%
EPS Next 2Y1.59%
EPS Next 3Y3.69%
EPS Next 5Y7.64%
Revenue Next Year0.42%
Revenue Next 2Y1.61%
Revenue Next 3Y2.27%
Revenue Next 5Y2.87%

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 decreasing.
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.
PDCO Yearly Revenue VS EstimatesPDCO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
PDCO Yearly EPS VS EstimatesPDCO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

4

4. Valuation

4.1 Price/Earnings Ratio

PDCO is valuated correctly with a Price/Earnings ratio of 15.98.
Compared to the rest of the industry, the Price/Earnings ratio of PDCO indicates a somewhat cheap valuation: PDCO is cheaper than 71.43% of the companies listed in the same industry.
PDCO is valuated rather cheaply when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 13.14 indicates a correct valuation of PDCO.
Based on the Price/Forward Earnings ratio, PDCO is valued cheaply inside the industry as 80.95% of the companies are valued more expensively.
PDCO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.30.
Industry RankSector Rank
PE 15.98
Fwd PE 13.14
PDCO Price Earnings VS Forward Price EarningsPDCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, PDCO is valued a bit cheaper than the industry average as 70.48% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.57
PDCO Per share dataPDCO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.52
EPS Next 2Y1.59%
EPS Next 3Y3.69%

7

5. Dividend

5.1 Amount

PDCO has a Yearly Dividend Yield of 3.32%. Purely for dividend investing, there may be better candidates out there.
PDCO's Dividend Yield is rather good when compared to the industry average which is at 2.45. PDCO pays more dividend than 93.33% of the companies in the same industry.
PDCO's Dividend Yield is a higher than the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 3.32%

5.2 History

The dividend of PDCO has a limited annual growth rate of 0.19%.
PDCO has been paying a dividend for at least 10 years, so it has a reliable track record.
PDCO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.19%
Div Incr Years0
Div Non Decr Years11
PDCO Yearly Dividends per sharePDCO Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

PDCO pays out 66.64% of its income as dividend. This is not a sustainable payout ratio.
PDCO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP66.64%
EPS Next 2Y1.59%
EPS Next 3Y3.69%
PDCO Yearly Income VS Free CF VS DividendPDCO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M -800M -1B
PDCO Dividend Payout.PDCO Dividend Payout, showing the Payout Ratio.PDCO Dividend Payout.PayoutRetained Earnings

PATTERSON COS INC

NASDAQ:PDCO (4/16/2025, 8:00:00 PM)

After market: 31.34 +0.01 (+0.03%)

31.33

+0.01 (+0.03%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)02-26 2025-02-26/amc
Earnings (Next)06-16 2025-06-16/amc
Inst Owners90.4%
Inst Owner Change5.33%
Ins Owners0.98%
Ins Owner Change-69.35%
Market Cap2.77B
Analysts69.47
Price Target30.88 (-1.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.32%
Yearly Dividend1.06
Dividend Growth(5Y)0.19%
DP66.64%
Div Incr Years0
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.99%
Min EPS beat(2)-32.44%
Max EPS beat(2)-5.54%
EPS beat(4)0
Avg EPS beat(4)-16.72%
Min EPS beat(4)-32.44%
Max EPS beat(4)-2.48%
EPS beat(8)1
Avg EPS beat(8)-8.75%
EPS beat(12)4
Avg EPS beat(12)-4.34%
EPS beat(16)7
Avg EPS beat(16)-2.88%
Revenue beat(2)0
Avg Revenue beat(2)-3.21%
Min Revenue beat(2)-5.73%
Max Revenue beat(2)-0.69%
Revenue beat(4)0
Avg Revenue beat(4)-3.02%
Min Revenue beat(4)-5.73%
Max Revenue beat(4)-0.65%
Revenue beat(8)1
Avg Revenue beat(8)-2.44%
Revenue beat(12)2
Avg Revenue beat(12)-2.47%
Revenue beat(16)5
Avg Revenue beat(16)-1.35%
PT rev (1m)1.46%
PT rev (3m)3.62%
EPS NQ rev (1m)-2.43%
EPS NQ rev (3m)-7.21%
EPS NY rev (1m)-1.37%
EPS NY rev (3m)-5.78%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-0.62%
Valuation
Industry RankSector Rank
PE 15.98
Fwd PE 13.14
P/S 0.43
P/FCF N/A
P/OCF N/A
P/B 2.8
P/tB 4.2
EV/EBITDA 10.57
EPS(TTM)1.96
EY6.26%
EPS(NY)2.38
Fwd EY7.61%
FCF(TTM)-9.81
FCFYN/A
OCF(TTM)-9.09
OCFYN/A
SpS73.6
BVpS11.19
TBVpS7.45
PEG (NY)N/A
PEG (5Y)1.52
Profitability
Industry RankSector Rank
ROA 4.9%
ROE 14.02%
ROCE 13.11%
ROIC 8.36%
ROICexc 9.03%
ROICexgc 11.21%
OM 3.08%
PM (TTM) 2.13%
GM 20.47%
FCFM N/A
ROA(3y)7.01%
ROA(5y)1.01%
ROE(3y)18.89%
ROE(5y)0.46%
ROIC(3y)11.02%
ROIC(5y)9.45%
ROICexc(3y)11.95%
ROICexc(5y)10.22%
ROICexgc(3y)15.51%
ROICexgc(5y)13.52%
ROCE(3y)15.2%
ROCE(5y)12.91%
ROICexcg growth 3Y2.47%
ROICexcg growth 5Y10.06%
ROICexc growth 3Y4.89%
ROICexc growth 5Y20.88%
OM growth 3Y2.63%
OM growth 5Y9.29%
PM growth 3Y2.37%
PM growth 5Y13.55%
GM growth 3Y1.08%
GM growth 5Y-0.33%
F-Score4
Asset Turnover2.3
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Debt/EBITDA 2.14
Cap/Depr 68.52%
Cap/Sales 0.97%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.41
Quick Ratio 0.73
Altman-Z 4.06
F-Score4
WACC7.97%
ROIC/WACC1.05
Cap/Depr(3y)66.71%
Cap/Depr(5y)56.73%
Cap/Sales(3y)0.87%
Cap/Sales(5y)0.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.88%
EPS 3Y6.36%
EPS 5Y10.53%
EPS Q2Q%-27.12%
EPS Next Y-5.78%
EPS Next 2Y1.59%
EPS Next 3Y3.69%
EPS Next 5Y7.64%
Revenue 1Y (TTM)-0.85%
Revenue growth 3Y3.57%
Revenue growth 5Y3.34%
Sales Q2Q%-2.7%
Revenue Next Year0.42%
Revenue Next 2Y1.61%
Revenue Next 3Y2.27%
Revenue Next 5Y2.87%
EBIT growth 1Y-25.9%
EBIT growth 3Y6.29%
EBIT growth 5Y12.93%
EBIT Next Year7.53%
EBIT Next 3Y6.15%
EBIT Next 5Y5.08%
FCF growth 1Y6.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.06%
OCF growth 3YN/A
OCF growth 5YN/A