Edwards Lifesciences Corporation
Find Ratings ReportsEDWARDS LIFESCIENCES CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. EDWARDS LIFESCIENCES CORP is extremely liquid. Currently, the Quick Ratio is 2.08 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 14.52% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 1534.1 | 1348.3 |
EBITDA ($mil) | 454.0 | 477.6 |
EBIT ($mil) | 417.3 | 442.2 |
Net Income ($mil) | 369.9 | 398.4 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1647.8 | 1215.8 |
Total Assets ($mil) | 9363.2 | 8292.5 |
Total Debt ($mil) | 694.9 | 691.3 |
Equity ($mil) | 6650.0 | 5806.7 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 79.13 | 83.5 |
EBITDA Margin | 29.59 | 35.42 |
Operating Margin | 27.2 | 32.8 |
Sales Turnover | 0.64 | 0.65 |
Return on Assets | 14.97 | 18.35 |
Return on Equity | 21.09 | 26.21 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.38 | 3.03 |
Debt/Capital | 0.09 | 0.11 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 601.1 | 608.3 |
Div / share | 0.0 | 0.0 |
EPS | 0.61 | 0.65 |
Book value / share | 11.06 | 9.55 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 4165380.0 | 4753919.0 |
HOLD. EDWARDS LIFESCIENCES CORP's P/E ratio indicates a discount compared to an average of 49.88 for the Miscellaneous Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 8.44 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 4.96. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium.
Price/Earnings |
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Price/Cash Flow |
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EW 40.59 | Peers 49.88 | EW 62.65 | Peers 33.16 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. EW is trading at a discount to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. EW is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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EW 30.12 | Peers 24.07 | EW 2.08 | Peers 0.91 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. EW is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. EW trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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EW 8.44 | Peers 4.96 | EW -5.74 | Peers 126.83 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. EW is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, EW is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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EW 9.35 | Peers 6.41 | EW 11.56 | Peers 8.91 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. EW is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. EW has a sales growth rate that significantly exceeds its peers. |
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