National Vision Holdings Inc.
Find Ratings ReportsNATIONAL VISION HOLDINGS 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. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. NATIONAL VISION HOLDINGS INC has weak liquidity. Currently, the Quick Ratio is 0.60 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 7.95% 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 |
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Net Sales ($mil) | 506.4 | 468.93 |
EBITDA ($mil) | 15.99 | 12.2 |
EBIT ($mil) | -8.11 | -12.51 |
Net Income ($mil) | -15.99 | -9.26 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 149.9 | 229.43 |
Total Assets ($mil) | 2172.51 | 2291.25 |
Total Debt ($mil) | 923.46 | 1002.82 |
Equity ($mil) | 829.42 | 901.11 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 51.32 | 52.62 |
EBITDA Margin | 3.15 | 2.6 |
Operating Margin | -1.6 | -2.67 |
Sales Turnover | 0.98 | 0.88 |
Return on Assets | -3.03 | 1.83 |
Return on Equity | -7.95 | 4.67 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.0 | 1.38 |
Debt/Capital | 0.53 | 0.53 |
Interest Expense | 3.91 | 0.0 |
Interest Coverage | -2.07 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 78.31 | 78.99 |
Div / share | 0.0 | 0.0 |
EPS | -0.2 | -0.12 |
Book value / share | 10.59 | 11.41 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 957201.0 | 1433020.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 2.16 indicates a significant discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 2.15. The current price-to-sales ratio is well below the S&P 500 average, but above the subsector average. Upon assessment of these and other key valuation criteria, NATIONAL VISION HOLDINGS INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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EYE NM | Peers 0.00 | EYE 10.34 | Peers 10.34 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. EYE's P/E is negative making this valuation measure meaningless. |
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. EYE 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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EYE 28.55 | Peers 28.55 | EYE NA | Peers 0.00 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. EYE is trading at a significant premium to its peers. |
Neutral. 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. Ratio not available. |
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Price/Book |
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Earnings Growth |
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EYE 2.16 | Peers 2.15 | EYE -273.46 | Peers -273.04 | |||||||||||||||||||||
Average. 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. EYE is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, EYE 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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EYE 0.84 | Peers 0.84 | EYE 6.03 | Peers 5.99 | |||||||||||||||||||||
Average. 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. EYE is trading at a valuation on par with its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. EYE is keeping pace with its peers on the basis of sales growth. |
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