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 5 out of 10 in our fundamental rating. PRLB was compared to 128 industry peers in the Machinery industry. No worries on liquidiy or solvency for PRLB as it has an excellent financial health rating, but there are worries on the profitability. PRLB does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
PRLB had positive earnings in the past year.
PRLB had a positive operating cash flow in the past year.
PRLB had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PRLB had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.02%, PRLB is doing worse than 60.16% of the companies in the same industry.
PRLB's Return On Equity of 2.27% is on the low side compared to the rest of the industry. PRLB is outperformed by 64.06% of its industry peers.
With a Return On Invested Capital value of 2.21%, PRLB is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for PRLB is significantly below the industry average of 10.72%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.02% | ||
| ROE | 2.27% | ||
| ROIC | 2.21% |
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
With a Profit Margin value of 2.99%, PRLB perfoms like the industry average, outperforming 41.41% of the companies in the same industry.
PRLB's Profit Margin has declined in the last couple of years.
The Operating Margin of PRLB (4.64%) is worse than 64.06% of its industry peers.
PRLB's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 44.36%, PRLB belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
In the last couple of years the Gross Margin of PRLB has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.64% | ||
| PM (TTM) | 2.99% | ||
| GM | 44.36% |
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.
PRLB has less shares outstanding than it did 1 year ago.
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 8.17 indicates that PRLB is not in any danger for bankruptcy at the moment.
PRLB has a better Altman-Z score (8.17) than 91.41% 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.
PRLB has a Debt to FCF ratio of 0.01. This is amongst the best in the industry. PRLB outperforms 93.75% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that PRLB is not too dependend on debt financing.
PRLB's Debt to Equity ratio of 0.00 is amongst the best of the industry. PRLB outperforms 85.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 8.17 |
ROIC/WACC0.22
WACC10.07%
2.3 Liquidity
PRLB has a Current Ratio of 3.13. This indicates that PRLB is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of PRLB (3.13) is better than 78.13% of its industry peers.
A Quick Ratio of 2.92 indicates that PRLB has no problem at all paying its short term obligations.
PRLB has a Quick ratio of 2.92. This is amongst the best in the industry. PRLB outperforms 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.13 | ||
| Quick Ratio | 2.92 |
3. Growth
3.1 Past
PRLB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.24%.
Measured over the past years, PRLB shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.19% on average per year.
The Revenue has decreased by -1.33% 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)-8.24%
EPS 3Y1.69%
EPS 5Y-10.19%
EPS Q2Q%-17.5%
Revenue 1Y (TTM)-1.33%
Revenue growth 3Y0.87%
Revenue growth 5Y1.78%
Sales Q2Q%-1.32%
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 24.38 indicates a rather expensive valuation of PRLB.
Compared to the rest of the industry, the Price/Earnings ratio of PRLB is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.35. PRLB is around the same levels.
With a Price/Forward Earnings ratio of 23.77, PRLB is valued on the expensive side.
Based on the Price/Forward Earnings ratio, PRLB is valued a bit more expensive than 60.94% of the companies in the same industry.
PRLB is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.38 | ||
| Fwd PE | 23.77 |
4.2 Price Multiples
PRLB's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, PRLB is valued cheaply inside the industry as 82.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.49 | ||
| EV/EBITDA | 13.55 |
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 |
38.04
+0.02 (+0.05%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners93.25%
Inst Owner Change-0.6%
Ins Owners1.05%
Ins Owner Change3.43%
Market Cap904.21M
Analysts76.36
Price Target45.9 (20.66%)
Short Float %3.49%
Short Ratio3.68
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)13.65%
Min EPS beat(2)10.87%
Max EPS beat(2)16.42%
EPS beat(4)4
Avg EPS beat(4)19.58%
Min EPS beat(4)7.67%
Max EPS beat(4)43.37%
EPS beat(8)8
Avg EPS beat(8)28.54%
EPS beat(12)11
Avg EPS beat(12)24.23%
EPS beat(16)13
Avg EPS beat(16)20.86%
Revenue beat(2)1
Avg Revenue beat(2)-0.3%
Min Revenue beat(2)-0.63%
Max Revenue beat(2)0.02%
Revenue beat(4)2
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)1.46%
Revenue beat(8)4
Avg Revenue beat(8)0.08%
Revenue beat(12)6
Avg Revenue beat(12)0.05%
Revenue beat(16)7
Avg Revenue beat(16)-0.07%
PT rev (1m)0%
PT rev (3m)1.5%
EPS NQ rev (1m)1.79%
EPS NQ rev (3m)1.91%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)1.53%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.38 | ||
| Fwd PE | 23.77 | ||
| P/S | 1.81 | ||
| P/FCF | 13.49 | ||
| P/OCF | 12.08 | ||
| P/B | 1.38 | ||
| P/tB | 2.5 | ||
| EV/EBITDA | 13.55 |
EPS(TTM)1.56
EY4.1%
EPS(NY)1.6
Fwd EY4.21%
FCF(TTM)2.82
FCFY7.41%
OCF(TTM)3.15
OCFY8.28%
SpS21
BVpS27.63
TBVpS15.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.02% | ||
| ROE | 2.27% | ||
| ROCE | 3.43% | ||
| ROIC | 2.21% | ||
| ROICexc | 2.58% | ||
| ROICexgc | 5.26% | ||
| OM | 4.64% | ||
| PM (TTM) | 2.99% | ||
| GM | 44.36% | ||
| FCFM | 13.43% |
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 | 22.16% | ||
| Cap/Sales | 1.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 127.85% | ||
| Profit Quality | 449.12% | ||
| Current Ratio | 3.13 | ||
| Quick Ratio | 2.92 | ||
| Altman-Z | 8.17 |
F-Score6
WACC10.07%
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)-8.24%
EPS 3Y1.69%
EPS 5Y-10.19%
EPS Q2Q%-17.5%
EPS Next Y-14.33%
EPS Next 2Y-0.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.33%
Revenue growth 3Y0.87%
Revenue growth 5Y1.78%
Sales Q2Q%-1.32%
Revenue Next Year2.47%
Revenue Next 2Y3.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-26.12%
EBIT growth 3Y-14.15%
EBIT growth 5Y-20.42%
EBIT Next Year53.89%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y49.28%
FCF growth 3Y48.42%
FCF growth 5Y4.96%
OCF growth 1Y11.91%
OCF growth 3Y12.13%
OCF growth 5Y-7.69%