PATTERSON COS INC (PDCO) Stock Fundamental Analysis
NASDAQ:PDCO - Nasdaq - US7033951036 - Common Stock - Currency: USD
Overall PDCO gets a fundamental rating of 4 out of 10. We evaluated PDCO against 103 industry peers in the Health Care Providers & Services industry. Both the profitability and the financial health of PDCO get a neutral evaluation. Nothing too spectacular is happening here. PDCO has a valuation in line with the averages, but it does not seem to be growing. PDCO also has an excellent dividend rating.
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.
1.2 Ratios
PDCO's Return On Assets of 4.90% is fine compared to the rest of the industry. PDCO outperforms 77.14% of its industry peers.
PDCO's Return On Equity of 14.02% is amongst the best of the industry. PDCO outperforms 80.95% of its industry peers.
PDCO's Return On Invested Capital of 8.36% is fine compared to the rest of the industry. PDCO outperforms 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 9.62%.
| Industry Rank | Sector 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%
1.3 Margins
PDCO's Profit Margin of 2.13% is fine compared to the rest of the industry. PDCO outperforms 62.86% of its industry peers.
PDCO's Profit Margin has improved in the last couple of years.
PDCO has a Operating Margin (3.08%) which is in line with its industry peers.
PDCO's Operating Margin has improved in the last couple of years.
PDCO has a Gross Margin (20.47%) which is in line with its industry peers.
In the last couple of years the Gross Margin of PDCO has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
PDCO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for PDCO has been reduced compared to 1 year ago.
Compared to 5 years ago, PDCO has less shares outstanding
The debt/assets ratio for PDCO is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.06 indicates that PDCO is not in any danger for bankruptcy at the moment.
The Altman-Z score of PDCO (4.06) is better than 78.10% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that PDCO is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.63, PDCO perfoms like the industry average, outperforming 55.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.06 |
ROIC/WACC1.05
WACC7.97%
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.
With a Current ratio value of 1.41, PDCO perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
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.
PDCO has a Quick ratio of 0.73. This is amonst the worse of the industry: PDCO underperforms 81.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.73 |
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.
PDCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.34% yearly.
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
Based on estimates for the next years, PDCO will show a small growth in Earnings Per Share. The EPS will grow by 7.64% on average per year.
Based on estimates for the next years, PDCO will show a small growth in Revenue. The Revenue will grow by 2.87% on average per year.
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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 26.92, which is the current average of the S&P500 Index.
PDCO is valuated correctly with a Price/Forward Earnings ratio of 13.14.
80.95% of the companies in the same industry are more expensive than PDCO, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.46. PDCO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.98 | ||
| Fwd PE | 13.14 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.57 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.52
EPS Next 2Y1.59%
EPS Next 3Y3.69%
5. Dividend
5.1 Amount
PDCO has a Yearly Dividend Yield of 3.32%.
Compared to an average industry Dividend Yield of 2.43, PDCO pays a better dividend. On top of this PDCO pays more dividend than 93.33% of the companies listed in the same industry.
PDCO's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.19%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
PDCO pays out 66.64% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PDCO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP66.64%
EPS Next 2Y1.59%
EPS Next 3Y3.69%
31.33
+0.01 (+0.03%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst Owners90.4%
Inst Owner Change5.33%
Ins Owners0.98%
Ins Owner Change-69.23%
Market Cap2.77B
Analysts69.47
Price Target30.88 (-1.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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