Henry Schein Inc.
Find Ratings ReportsHENRY SCHEIN INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the subsector, the revenue growth did not. HENRY SCHEIN INC has weak liquidity. Currently, the Quick Ratio is 0.76 which shows a lack of ability to cover 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 6.06% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 3017.0 | 3371.0 |
EBITDA ($mil) | 188.0 | 245.0 |
EBIT ($mil) | 120.0 | 193.0 |
Net Income ($mil) | 18.0 | 47.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 171.0 | 117.0 |
Total Assets ($mil) | 10573.0 | 8607.0 |
Total Debt ($mil) | 2741.0 | 1497.0 |
Equity ($mil) | 3655.0 | 3446.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 30.99 | 29.84 |
EBITDA Margin | 6.23 | 7.26 |
Operating Margin | 3.98 | 5.73 |
Sales Turnover | 1.17 | 1.47 |
Return on Assets | 3.93 | 6.25 |
Return on Equity | 11.38 | 15.61 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.67 | 1.79 |
Debt/Capital | 0.43 | 0.3 |
Interest Expense | 29.0 | 12.0 |
Interest Coverage | 4.14 | 16.08 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 129.25 | 131.79 |
Div / share | 0.0 | 0.0 |
EPS | 0.13 | 0.34 |
Book value / share | 28.28 | 26.15 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1129628.0 | 1168473.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 24.06 for the Merchant Wholesalers, Durable Goods subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.63 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.83. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, HENRY SCHEIN INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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HSIC 23.62 | Peers 24.06 | HSIC 19.23 | Peers 17.73 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. HSIC is trading at a valuation on par with its peers. |
Average. 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. HSIC is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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HSIC 13.28 | Peers 24.12 | HSIC 0.39 | Peers 3.31 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. HSIC is trading at a significant discount to its peers. |
Discount. 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. HSIC trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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HSIC 2.63 | Peers 6.83 | HSIC -19.03 | Peers -19.81 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. HSIC is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, HSIC 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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HSIC 0.78 | Peers 1.87 | HSIC -2.44 | Peers -0.87 | |||||||||||||||||||||
Discount. 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. HSIC is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. HSIC significantly trails its peers on the basis of sales growth. |
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