PATTERSON COS INC (PDCO) Stock Fundamental Analysis
NASDAQ:PDCO - US7033951036 - Common Stock
31.33 USD
+0.01 (+0.03%)
31.34 USD
+0.01 (+0.03%)
We assign a fundamental rating of 4 out of 10 to PDCO. PDCO was compared to 101 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. 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.
PDCO had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.90%, PDCO is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
PDCO has a better Return On Equity (14.02%) than 80.95% of its industry peers.
With a decent Return On Invested Capital value of 8.36%, PDCO is doing good in the industry, outperforming 75.24% of the companies in the same industry.
PDCO had an Average Return On Invested Capital over the past 3 years of 11.02%. This is in line with the industry average of 9.14%.
| 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 of 3.08%. This is comparable to the rest of the industry: PDCO outperforms 52.38% of its industry peers.
In the last couple of years the Operating Margin of PDCO has grown nicely.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PDCO is still creating some value.
PDCO has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PDCO has less shares outstanding
Compared to 1 year ago, PDCO has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.06 indicates that PDCO is not in any danger for bankruptcy at the moment.
PDCO has a Altman-Z score of 4.06. This is in the better half of the industry: PDCO outperforms 78.10% of its industry peers.
PDCO has a Debt/Equity ratio of 0.63. This is a neutral value indicating 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
A Current Ratio of 1.41 indicates that PDCO should not have too much problems paying 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.
With a Quick ratio value of 0.73, PDCO is not doing good in the industry: 81.90% of the companies in the same industry are doing better.
| 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.
Looking at the last year, PDCO shows a decrease in Revenue. The Revenue has decreased by -0.85% in the last year.
The Revenue has been growing slightly by 3.34% on average over the past years.
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
The Earnings Per Share is expected to grow by 7.64% on average over the next years.
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.98, PDCO is valued correctly.
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's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.14.
PDCO is valuated correctly with a Price/Forward Earnings ratio of 13.14.
PDCO's Price/Forward Earnings ratio is rather cheap when compared to the industry. PDCO is cheaper than 80.95% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PDCO to the average of the S&P500 Index (22.80), we can say PDCO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.98 | ||
| Fwd PE | 13.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PDCO indicates a somewhat cheap valuation: PDCO is cheaper than 70.48% of the companies listed in the same industry.
| 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%.
PDCO's Dividend Yield is rather good when compared to the industry average which is at 2.51. 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 2.34.
| 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
66.64% of the earnings are spent on dividend by PDCO. 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 Change-95.37%
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