VAR Varian Medical Systems, Inc.

Price (delayed)

$172.86

Market cap

$15.72B

P/E Ratio

59.61

Dividend/share

N/A

EPS

$2.9

Enterprise value

$15.63B

Sector: Healthcare
Industry: Medical Instruments & Supplies
Varian Medical Systems, Inc. engages in the manufacture of medical devices and software for treating cancer and other medical conditions. It operates through the Oncology Systems and Proton Solutions segments. The Oncology Systems segment designs, manufactures, sells, and services hardware and software products for treating cancer with conventional radiation therapy, and advanced treatments. The Proton Solutions segment delivers proton therapy, a form of external beam radiotherapy using proton beams for the treatment of cancer. The company was founded by William Hansen, Edward Ginzton, Russell Varian, and Sigurd Varian in 1948 and is headquartered in Palo Alto, CA.

Highlights

VAR's equity is up by 11% year-on-year and by 3.9% since the previous quarter
VAR's gross margin is up by 3.1% year-on-year
The net income has declined by 22% year-on-year but it has increased by 14% since the previous quarter
The EPS has contracted by 21% YoY but it has grown by 14% from the previous quarter
The debt has soared by 70% YoY and by 10% from the previous quarter
The price to earnings (P/E) is 45% higher than the last 4 quarters average of 41.1 and 36% higher than the 5-year quarterly average of 43.8

Key stats

What are the main financial stats of VAR
Market
Shares outstanding
90.94M
Market cap
$15.72B
Enterprise value
$15.63B
Valuations
Price to earnings (P/E)
59.61
Price to book (P/B)
8.12
Price to sales (P/S)
4.91
EV/EBIT
41.42
EV/EBITDA
32.04
EV/Sales
4.89
Earnings
Revenue
$3.2B
EBIT
$377.4M
EBITDA
$487.9M
Free cash flow
$266M
Per share
EPS
$2.9
Free cash flow per share
$2.93
Book value per share
$21.29
Revenue per share
$35.2
TBVPS
$39.44
Balance sheet
Total assets
$4.45B
Total liabilities
$2.51B
Debt
$682.6M
Equity
$1.93B
Working capital
$640.3M
Liquidity
Debt to equity
0.35
Current ratio
1.32
Quick ratio
0.88
Net debt/EBITDA
-0.18
Margins
EBITDA margin
15.3%
Gross margin
43.4%
Net margin
8.2%
Operating margin
10.5%
Efficiency
Return on assets
6.1%
Return on equity
14.2%
Return on invested capital
27.2%
Return on capital employed
15.3%
Return on sales
11.8%
Dividend
Dividend yield
N/A
DPS
N/A
Payout ratio
N/A

VAR stock price

How has the Varian Medical Systems stock price performed over time

Financial performance

How have Varian Medical Systems's revenue and profit performed over time
Revenue
$3.2B
Gross profit
$1.39B
Operating income
$335.6M
Net income
$263.3M
Gross margin
43.4%
Net margin
8.2%
The net margin has contracted by 23% YoY but it has grown by 17% from the previous quarter
The net income has declined by 22% year-on-year but it has increased by 14% since the previous quarter
The operating margin has decreased by 19% YoY but it has increased by 6% from the previous quarter
The operating income is down by 18% year-on-year

Growth

What is Varian Medical Systems's growth rate over time

Valuation

What is Varian Medical Systems stock price valuation
P/E
59.61
P/B
8.12
P/S
4.91
EV/EBIT
41.42
EV/EBITDA
32.04
EV/Sales
4.89
The price to earnings (P/E) is 45% higher than the last 4 quarters average of 41.1 and 36% higher than the 5-year quarterly average of 43.8
The EPS has contracted by 21% YoY but it has grown by 14% from the previous quarter
VAR's P/B is 38% above its last 4 quarters average of 5.9 and 35% above its 5-year quarterly average of 6.0
VAR's equity is up by 11% year-on-year and by 3.9% since the previous quarter
The stock's P/S is 44% more than its last 4 quarters average of 3.4 and 40% more than its 5-year quarterly average of 3.5
The revenue has contracted by 4% from the previous quarter

Efficiency

How efficient is Varian Medical Systems business performance
Varian Medical Systems's ROA has decreased by 37% YoY but it has increased by 11% from the previous quarter
The company's return on invested capital fell by 35% YoY
The ROE has contracted by 29% YoY but it has grown by 11% from the previous quarter
The ROS has contracted by 19% YoY but it has grown by 12% from the previous quarter

Dividends

What is VAR's dividend
DPS
N/A
Dividend yield
N/A
Payout ratio
N/A

There are no recent dividends present for VAR.

Financial health

How did Varian Medical Systems financials performed over time
The total assets is 77% more than the total liabilities
The total assets has grown by 12% YoY and by 2.5% from the previous quarter
The current ratio rose by 3.1% QoQ and by 2.3% YoY
The debt is 65% less than the equity
The debt has soared by 70% YoY and by 10% from the previous quarter
VAR's debt to equity has soared by 52% year-on-year and by 6% since the previous quarter

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.