PROTO LABS INC (PRLB) Stock Fundamental Analysis
NYSE:PRLB - New York Stock Exchange, Inc. - US7437131094 - Common Stock - Currency: USD
Taking everything into account, PRLB scores 4 out of 10 in our fundamental rating. PRLB was compared to 128 industry peers in the Machinery industry. PRLB has a great financial health rating, but its profitability evaluates not so good. PRLB is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PRLB had positive earnings in the past year.
In the past year PRLB had a positive cash flow from operations.
Of the past 5 years PRLB 4 years were profitable.
In the past 5 years PRLB always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.99%, PRLB is doing worse than 60.94% of the companies in the same industry.
Looking at the Return On Equity, with a value of 2.23%, PRLB is doing worse than 64.84% of the companies in the same industry.
PRLB has a Return On Invested Capital of 2.11%. This is in the lower half of the industry: PRLB underperforms 67.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PRLB is significantly below the industry average of 10.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.99% | ||
| ROE | 2.23% | ||
| ROIC | 2.11% |
ROA(3y)-2.81%
ROA(5y)0.4%
ROE(3y)-3.29%
ROE(5y)0.41%
ROIC(3y)2.43%
ROIC(5y)3.16%
1.3 Margins
PRLB has a Profit Margin (2.91%) which is in line with its industry peers.
In the last couple of years the Profit Margin of PRLB has declined.
PRLB has a Operating Margin of 4.38%. This is in the lower half of the industry: PRLB underperforms 64.06% of its industry peers.
In the last couple of years the Operating Margin of PRLB has declined.
Looking at the Gross Margin, with a value of 44.17%, PRLB belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
PRLB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.38% | ||
| PM (TTM) | 2.91% | ||
| GM | 44.17% |
OM growth 3Y-14.89%
OM growth 5Y-21.81%
PM growth 3Y-21.48%
PM growth 5Y-24.92%
GM growth 3Y-0.78%
GM growth 5Y-2.78%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PRLB is destroying value.
Compared to 1 year ago, PRLB has less shares outstanding
PRLB has less shares outstanding than it did 5 years ago.
PRLB has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 9.87 indicates that PRLB is not in any danger for bankruptcy at the moment.
PRLB has a better Altman-Z score (9.87) than 92.97% of its industry peers.
The Debt to FCF ratio of PRLB is 0.01, which is an excellent value as it means it would take PRLB, only 0.01 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PRLB (0.01) is better than 93.75% of its industry peers.
PRLB has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
PRLB has a better Debt to Equity ratio (0.00) than 85.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 9.87 |
ROIC/WACC0.22
WACC9.65%
2.3 Liquidity
A Current Ratio of 3.31 indicates that PRLB has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.31, PRLB belongs to the top of the industry, outperforming 80.47% of the companies in the same industry.
PRLB has a Quick Ratio of 3.09. This indicates that PRLB is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.09, PRLB belongs to the top of the industry, outperforming 89.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.31 | ||
| Quick Ratio | 3.09 |
3. Growth
3.1 Past
The earnings per share for PRLB have decreased by -8.57% in the last year.
The earnings per share for PRLB have been decreasing by -10.19% on average. This is quite bad
The Revenue has decreased by -0.12% in the past year.
Measured over the past years, PRLB shows a small growth in Revenue. The Revenue has been growing by 1.78% on average per year.
EPS 1Y (TTM)-8.57%
EPS 3Y1.69%
EPS 5Y-10.19%
EPS Q2Q%10.53%
Revenue 1Y (TTM)-0.12%
Revenue growth 3Y0.87%
Revenue growth 5Y1.78%
Sales Q2Q%7.51%
3.2 Future
Based on estimates for the next years, PRLB will show a decrease in Earnings Per Share. The EPS will decrease by -0.91% on average per year.
The Revenue is expected to grow by 3.54% on average over the next years.
EPS Next Y-14.33%
EPS Next 2Y-0.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.47%
Revenue Next 2Y3.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 29.14 indicates a quite expensive valuation of PRLB.
PRLB's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of PRLB to the average of the S&P500 Index (26.48), we can say PRLB is valued inline with the index average.
PRLB is valuated quite expensively with a Price/Forward Earnings ratio of 29.13.
Based on the Price/Forward Earnings ratio, PRLB is valued a bit more expensive than the industry average as 64.06% of the companies are valued more cheaply.
PRLB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 34.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.14 | ||
| Fwd PE | 29.13 |
4.2 Price Multiples
PRLB's Enterprise Value to EBITDA ratio is in line with the industry average.
73.44% of the companies in the same industry are more expensive than PRLB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.82 | ||
| EV/EBITDA | 17.19 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.91%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PRLB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
46.62
+0.33 (+0.71%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners93.25%
Inst Owner Change0.52%
Ins Owners1.05%
Ins Owner Change3.43%
Market Cap1.11B
Analysts76.36
Price Target51 (9.4%)
Short Float %2.8%
Short Ratio3.4
Dividend
| Industry Rank | Sector 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)15.78%
Min EPS beat(2)10.87%
Max EPS beat(2)20.68%
EPS beat(4)4
Avg EPS beat(4)22.84%
Min EPS beat(4)10.87%
Max EPS beat(4)43.37%
EPS beat(8)8
Avg EPS beat(8)30.09%
EPS beat(12)11
Avg EPS beat(12)24.7%
EPS beat(16)14
Avg EPS beat(16)22.99%
Revenue beat(2)2
Avg Revenue beat(2)1.71%
Min Revenue beat(2)0.02%
Max Revenue beat(2)3.41%
Revenue beat(4)3
Avg Revenue beat(4)1.07%
Min Revenue beat(4)-0.63%
Max Revenue beat(4)3.41%
Revenue beat(8)5
Avg Revenue beat(8)0.83%
Revenue beat(12)7
Avg Revenue beat(12)0.53%
Revenue beat(16)8
Avg Revenue beat(16)0.22%
PT rev (1m)0%
PT rev (3m)1.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.91%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.14 | ||
| Fwd PE | 29.13 | ||
| P/S | 2.18 | ||
| P/FCF | 16.82 | ||
| P/OCF | 15.61 | ||
| P/B | 1.67 | ||
| P/tB | 2.99 | ||
| EV/EBITDA | 17.19 |
EPS(TTM)1.6
EY3.43%
EPS(NY)1.6
Fwd EY3.43%
FCF(TTM)2.77
FCFY5.95%
OCF(TTM)2.99
OCFY6.41%
SpS21.4
BVpS27.96
TBVpS15.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.99% | ||
| ROE | 2.23% | ||
| ROCE | 3.27% | ||
| ROIC | 2.11% | ||
| ROICexc | 2.48% | ||
| ROICexgc | 5.07% | ||
| OM | 4.38% | ||
| PM (TTM) | 2.91% | ||
| GM | 44.17% | ||
| FCFM | 12.96% |
ROA(3y)-2.81%
ROA(5y)0.4%
ROE(3y)-3.29%
ROE(5y)0.41%
ROIC(3y)2.43%
ROIC(5y)3.16%
ROICexc(3y)2.8%
ROICexc(5y)3.78%
ROICexgc(3y)5.45%
ROICexgc(5y)6.71%
ROCE(3y)3.77%
ROCE(5y)4.91%
ROICexcg growth 3Y-8.13%
ROICexcg growth 5Y-18.97%
ROICexc growth 3Y-4.98%
ROICexc growth 5Y-24.03%
OM growth 3Y-14.89%
OM growth 5Y-21.81%
PM growth 3Y-21.48%
PM growth 5Y-24.92%
GM growth 3Y-0.78%
GM growth 5Y-2.78%
F-Score6
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 14.62% | ||
| Cap/Sales | 1.01% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 123.98% | ||
| Profit Quality | 444.91% | ||
| Current Ratio | 3.31 | ||
| Quick Ratio | 3.09 | ||
| Altman-Z | 9.87 |
F-Score6
WACC9.65%
ROIC/WACC0.22
Cap/Depr(3y)51.87%
Cap/Depr(5y)76.84%
Cap/Sales(3y)3.95%
Cap/Sales(5y)5.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.57%
EPS 3Y1.69%
EPS 5Y-10.19%
EPS Q2Q%10.53%
EPS Next Y-14.33%
EPS Next 2Y-0.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.12%
Revenue growth 3Y0.87%
Revenue growth 5Y1.78%
Sales Q2Q%7.51%
Revenue Next Year2.47%
Revenue Next 2Y3.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-29.61%
EBIT growth 3Y-14.15%
EBIT growth 5Y-20.42%
EBIT Next Year58.27%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y62.71%
FCF growth 3Y48.42%
FCF growth 5Y4.96%
OCF growth 1Y12.72%
OCF growth 3Y12.13%
OCF growth 5Y-7.69%