MERIDIAN BIOSCIENCE INC (VIVO) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:VIVO • US5895841014

33.97 USD
0 (0%)
At close: Jan 30, 2023
33.99 USD
+0.02 (+0.06%)
After Hours: 1/30/2023, 8:27:46 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to VIVO. VIVO was compared to 186 industry peers in the Health Care Equipment & Supplies industry. Both the health and profitability get an excellent rating, making VIVO a very profitable company, without any liquidiy or solvency issues. VIVO is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • VIVO had positive earnings in the past year.
  • In the past year VIVO had a positive cash flow from operations.
VIVO Yearly Net Income VS EBIT VS OCF VS FCFVIVO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M

1.2 Ratios

  • With an excellent Return On Assets value of 9.17%, VIVO belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
  • The Return On Equity of VIVO (11.54%) is better than 87.50% of its industry peers.
  • VIVO has a Return On Invested Capital of 14.66%. This is amongst the best in the industry. VIVO outperforms 94.44% of its industry peers.
  • VIVO had an Average Return On Invested Capital over the past 3 years of 49.65%. This is significantly above the industry average of 8.80%.
  • The 3 year average ROIC (49.65%) for VIVO is well above the current ROIC(14.66%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 9.17%
ROE 11.54%
ROIC 14.66%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)49.65%
ROIC(5y)N/A
VIVO Yearly ROA, ROE, ROICVIVO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 5 10 15 20

1.3 Margins

  • The Profit Margin of VIVO (12.75%) is better than 87.04% of its industry peers.
  • In the last couple of years the Profit Margin of VIVO has grown nicely.
  • The Operating Margin of VIVO (22.70%) is better than 93.52% of its industry peers.
  • In the last couple of years the Operating Margin of VIVO has remained more or less at the same level.
  • With a Gross Margin value of 56.56%, VIVO perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • VIVO's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 22.7%
PM (TTM) 12.75%
GM 56.56%
OM growth 3Y5.46%
OM growth 5Y0.35%
PM growth 3Y1.65%
PM growth 5Y3.46%
GM growth 3Y-1.43%
GM growth 5Y-1.79%
VIVO Yearly Profit, Operating, Gross MarginsVIVO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 20 40 60

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8

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so VIVO is creating value.
  • The number of shares outstanding for VIVO has been increased compared to 1 year ago.
  • The debt/assets ratio for VIVO has been reduced compared to a year ago.
VIVO Yearly Shares OutstandingVIVO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M
VIVO Yearly Total Debt VS Total AssetsVIVO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M

2.2 Solvency

  • VIVO has an Altman-Z score of 11.77. This indicates that VIVO is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 11.77, VIVO belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • VIVO has a debt to FCF ratio of 0.34. This is a very positive value and a sign of high solvency as it would only need 0.34 years to pay back of all of its debts.
  • VIVO has a Debt to FCF ratio of 0.34. This is amongst the best in the industry. VIVO outperforms 93.52% of its industry peers.
  • VIVO has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.07, VIVO is in line with its industry, outperforming 56.94% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.34
Altman-Z 11.77
ROIC/WACC1.53
WACC9.57%
VIVO Yearly LT Debt VS Equity VS FCFVIVO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

2.3 Liquidity

  • VIVO has a Current Ratio of 3.63. This indicates that VIVO is financially healthy and has no problem in meeting its short term obligations.
  • VIVO's Current ratio of 3.63 is in line compared to the rest of the industry. VIVO outperforms 50.00% of its industry peers.
  • A Quick Ratio of 2.46 indicates that VIVO has no problem at all paying its short term obligations.
  • VIVO has a Quick ratio (2.46) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 3.63
Quick Ratio 2.46
VIVO Yearly Current Assets VS Current LiabilitesVIVO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M 200M

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3

3. Growth

3.1 Past

  • VIVO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.86%.
  • Measured over the past years, VIVO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.21% on average per year.
  • Looking at the last year, VIVO shows a small growth in Revenue. The Revenue has grown by 4.76% in the last year.
  • Measured over the past years, VIVO shows a quite strong growth in Revenue. The Revenue has been growing by 10.65% on average per year.
EPS 1Y (TTM)-17.86%
EPS 3Y26.61%
EPS 5Y15.21%
EPS Q2Q%-12.5%
Revenue 1Y (TTM)4.76%
Revenue growth 3Y18.33%
Revenue growth 5Y10.65%
Sales Q2Q%-13.82%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-39.02%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-13.66%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
VIVO Yearly Revenue VS EstimatesVIVO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M
VIVO Yearly EPS VS EstimatesVIVO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 0.5 1 1.5

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5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 24.62, which indicates a rather expensive current valuation of VIVO.
  • Compared to the rest of the industry, the Price/Earnings ratio of VIVO indicates a rather cheap valuation: VIVO is cheaper than 83.80% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.18. VIVO is around the same levels.
  • A Price/Forward Earnings ratio of 40.37 indicates a quite expensive valuation of VIVO.
  • 75.93% of the companies in the same industry are more expensive than VIVO, based on the Price/Forward Earnings ratio.
  • VIVO is valuated expensively when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 24.62
Fwd PE 40.37
VIVO Price Earnings VS Forward Price EarningsVIVO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VIVO indicates a rather cheap valuation: VIVO is cheaper than 86.57% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, VIVO is valued cheaper than 94.44% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.27
EV/EBITDA 15.62
VIVO Per share dataVIVO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • VIVO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.62
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

  • No dividends for VIVO!.
Industry RankSector Rank
Dividend Yield N/A

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MERIDIAN BIOSCIENCE INC

NASDAQ:VIVO (1/30/2023, 8:27:46 PM)

After market: 33.99 +0.02 (+0.06%)

33.97

0 (0%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)01-26
Earnings (Next)05-04
Inst Owners0%
Inst Owner Change0%
Ins Owners2.73%
Ins Owner Change0%
Market Cap1.49B
Revenue(TTM)333.02M
Net Income(TTM)42.46M
Analysts43.33
Price Target34.68 (2.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.65%
Min EPS beat(2)-1.96%
Max EPS beat(2)37.25%
EPS beat(4)3
Avg EPS beat(4)27.19%
Min EPS beat(4)-1.96%
Max EPS beat(4)37.25%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.54%
Min Revenue beat(2)-4.52%
Max Revenue beat(2)-0.56%
Revenue beat(4)2
Avg Revenue beat(4)6.92%
Min Revenue beat(4)-4.52%
Max Revenue beat(4)23.21%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.62%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.21%
Valuation
Industry RankSector Rank
PE 24.62
Fwd PE 40.37
P/S 4.49
P/FCF 20.27
P/OCF 18.15
P/B 4.06
P/tB 8.42
EV/EBITDA 15.62
EPS(TTM)1.38
EY4.06%
EPS(NY)0.84
Fwd EY2.48%
FCF(TTM)1.68
FCFY4.93%
OCF(TTM)1.87
OCFY5.51%
SpS7.57
BVpS8.36
TBVpS4.04
PEG (NY)N/A
PEG (5Y)1.62
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 9.17%
ROE 11.54%
ROCE N/A
ROIC 14.66%
ROICexc 18.35%
ROICexgc 44.57%
OM 22.7%
PM (TTM) 12.75%
GM 56.56%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)49.65%
ROIC(5y)N/A
ROICexc(3y)19.62%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y10.61%
ROICexgc growth 5Y2.24%
ROICexc growth 3Y13.29%
ROICexc growth 5Y-2.41%
OM growth 3Y5.46%
OM growth 5Y0.35%
PM growth 3Y1.65%
PM growth 5Y3.46%
GM growth 3Y-1.43%
GM growth 5Y-1.79%
F-Score5
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.34
Debt/EBITDA 0.27
Cap/Depr 52.18%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 173.69%
Current Ratio 3.63
Quick Ratio 2.46
Altman-Z 11.77
F-Score5
WACC9.57%
ROIC/WACC1.53
Cap/Depr(3y)65.44%
Cap/Depr(5y)57.5%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)112.8%
Profit Quality(5y)119.92%
High Growth Momentum
Growth
EPS 1Y (TTM)-17.86%
EPS 3Y26.61%
EPS 5Y15.21%
EPS Q2Q%-12.5%
EPS Next Y-39.02%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.76%
Revenue growth 3Y18.33%
Revenue growth 5Y10.65%
Sales Q2Q%-13.82%
Revenue Next Year-13.66%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-25.75%
EBIT growth 3Y24.79%
EBIT growth 5Y11.03%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y51.89%
FCF growth 3Y31.57%
FCF growth 5Y14.86%
OCF growth 1Y23.18%
OCF growth 3Y31.55%
OCF growth 5Y14.77%

MERIDIAN BIOSCIENCE INC / VIVO FAQ

Can you provide the ChartMill fundamental rating for MERIDIAN BIOSCIENCE INC?

ChartMill assigns a fundamental rating of 4 / 10 to VIVO.


Can you provide the valuation status for MERIDIAN BIOSCIENCE INC?

ChartMill assigns a valuation rating of 3 / 10 to MERIDIAN BIOSCIENCE INC (VIVO). This can be considered as Overvalued.


How profitable is MERIDIAN BIOSCIENCE INC (VIVO) stock?

MERIDIAN BIOSCIENCE INC (VIVO) has a profitability rating of 4 / 10.


What are the PE and PB ratios of MERIDIAN BIOSCIENCE INC (VIVO) stock?

The Price/Earnings (PE) ratio for MERIDIAN BIOSCIENCE INC (VIVO) is 24.62 and the Price/Book (PB) ratio is 4.06.


Can you provide the financial health for VIVO stock?

The financial health rating of MERIDIAN BIOSCIENCE INC (VIVO) is 7 / 10.