VIEWRAY INC (VRAY) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:VRAY • US92672L1070

0.025 USD
-0.02 (-39.9%)
At close: Jul 25, 2023
0.0251 USD
+0 (+0.4%)
After Hours: 7/25/2023, 8:15:48 PM
Fundamental Rating

2

Taking everything into account, VRAY scores 2 out of 10 in our fundamental rating. VRAY was compared to 186 industry peers in the Health Care Equipment & Supplies industry. While VRAY seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, VRAY is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

  • VRAY had negative earnings in the past year.
  • In the past year VRAY has reported a negative cash flow from operations.
VRAY Yearly Net Income VS EBIT VS OCF VS FCFVRAY 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

  • VRAY has negative profitability rations, so we won't be analyzing them here.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
VRAY Yearly ROA, ROE, ROICVRAY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 -1K -2K -3K

1.3 Margins

  • Looking at the Gross Margin, with a value of 8.05%, VRAY is doing worse than 85.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of VRAY has declined.
  • VRAY does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.05%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-11.97%
VRAY Yearly Profit, Operating, Gross MarginsVRAY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 -50 -100 -150 -200

More info and screens

4

2. Health

2.1 Basic Checks

  • VRAY does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, VRAY has more shares outstanding
  • VRAY has a worse debt/assets ratio than last year.
VRAY Yearly Shares OutstandingVRAY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M
VRAY Yearly Total Debt VS Total AssetsVRAY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

2.2 Solvency

  • VRAY has an Altman-Z score of -6.16. This is a bad value and indicates that VRAY is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of VRAY (-6.16) is worse than 72.00% of its industry peers.
  • VRAY has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -6.16
ROIC/WACCN/A
WACC6.05%
VRAY Yearly LT Debt VS Equity VS FCFVRAY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 100M -100M 200M

2.3 Liquidity

  • VRAY has a Current Ratio of 1.16. This is a normal value and indicates that VRAY is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of VRAY (1.16) is worse than 91.00% of its industry peers.
  • VRAY has a Quick Ratio of 1.16. This is a bad value and indicates that VRAY is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of VRAY (0.86) is worse than 90.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 0.86
VRAY Yearly Current Assets VS Current LiabilitesVRAY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

More info and screens

6

3. Growth

3.1 Past

  • VRAY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.25%.
  • VRAY shows a strong growth in Revenue. In the last year, the Revenue has grown by 44.09%.
  • Measured over the past years, VRAY shows a very strong growth in Revenue. The Revenue has been growing by 24.59% on average per year.
EPS 1Y (TTM)6.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-14.29%
Revenue 1Y (TTM)44.09%
Revenue growth 3Y5.2%
Revenue growth 5Y24.59%
Sales Q2Q%19.38%

3.2 Future

  • Based on estimates for the next years, VRAY will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.77% on average per year.
  • VRAY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.71% yearly.
EPS Next Y12.95%
EPS Next 2Y18.04%
EPS Next 3Y15.77%
EPS Next 5YN/A
Revenue Next Year-9.41%
Revenue Next 2Y11.46%
Revenue Next 3Y18.71%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
VRAY Yearly Revenue VS EstimatesVRAY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
VRAY Yearly EPS VS EstimatesVRAY Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -0.2 -0.4 -0.6 -0.8 -1

More info and screens

0

4. Valuation

4.1 Price/Earnings Ratio

  • VRAY reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year VRAY is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
VRAY Price Earnings VS Forward Price EarningsVRAY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
VRAY Per share dataVRAY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 -0.4 -0.6

4.3 Compensation for Growth

  • VRAY's earnings are expected to grow with 15.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.04%
EPS Next 3Y15.77%

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

VIEWRAY INC / VRAY FAQ

What is the fundamental rating for VRAY stock?

ChartMill assigns a fundamental rating of 2 / 10 to VRAY.


Can you provide the valuation status for VIEWRAY INC?

ChartMill assigns a valuation rating of 0 / 10 to VIEWRAY INC (VRAY). This can be considered as Overvalued.


How profitable is VIEWRAY INC (VRAY) stock?

VIEWRAY INC (VRAY) has a profitability rating of 0 / 10.