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Healthcare - Medical - Devices - NASDAQ - US
$ 13.7
0.293 %
$ 560 M
Market Cap
18.51
P/E
1. INTRINSIC VALUE

Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications.[ Read More ]

The intrinsic value of one VREX stock under the base case scenario is HIDDEN Compared to the current market price of 13.7 USD, Varex Imaging Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart VREX

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FINANCIALS
893 M REVENUE
3.96%
77.1 M OPERATING INCOME
52.07%
48.7 M NET INCOME
58.12%
108 M OPERATING CASH FLOW
541.42%
-44.9 M INVESTING CASH FLOW
7.23%
-200 K FINANCING CASH FLOW
99.16%
209 M REVENUE
1.41%
9.3 M OPERATING INCOME
20.78%
1.4 M NET INCOME
0.00%
7.4 M OPERATING CASH FLOW
393.33%
7.7 M INVESTING CASH FLOW
692.31%
-1.1 M FINANCING CASH FLOW
-366.67%
Balance Sheet Decomposition Varex Imaging Corporation
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Current Assets 658 M
Cash & Short-Term Investments 153 M
Receivables 164 M
Other Current Assets 342 M
Non-Current Assets 591 M
Long-Term Investments 29 M
PP&E 173 M
Other Non-Current Assets 390 M
Current Liabilities 163 M
Accounts Payable 64.7 M
Short-Term Debt 5.3 M
Other Current Liabilities 92.8 M
Non-Current Liabilities 506 M
Long-Term Debt 464 M
Other Non-Current Liabilities 41.4 M
EFFICIENCY
Earnings Waterfall Varex Imaging Corporation
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Revenue 893 M
Cost Of Revenue 603 M
Gross Profit 290 M
Operating Expenses 213 M
Operating Income 77.1 M
Other Expenses 28.4 M
Net Income 48.7 M
RATIOS
32.49% GROSS MARGIN
32.49%
8.63% OPERATING MARGIN
8.63%
5.40% NET MARGIN
5.40%
8.49% ROE
8.49%
3.86% ROA
3.86%
11.87% ROIC
11.87%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Varex Imaging Corporation
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Net Income 48.7 M
Depreciation & Amortization 33.2 M
Capital Expenditures -20.7 M
Stock-Based Compensation 13.5 M
Change in Working Capital 23.3 M
Others 37.5 M
Free Cash Flow 87.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Varex Imaging Corporation
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Wall Street analysts predict an average 1-year price target for VREX of $17 , with forecasts ranging from a low of $17 to a high of $17 .
VREX Lowest Price Target Wall Street Target
17 USD 24.09%
VREX Average Price Target Wall Street Target
17 USD 24.09%
VREX Highest Price Target Wall Street Target
17 USD 24.09%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Varex Imaging Corporation
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Sold
0-3 MONTHS
32.3 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
49.7 K USD 1
9-12 MONTHS
122 K USD 1
Bought
0 USD 0
0-3 MONTHS
207 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Aug 20, 2024
Sell 32.3 K USD
Honeysett Kimberley E.
SVP and CLO
- 2578
12.53 USD
3 months ago
Aug 12, 2024
Bought 108 K USD
Maheshwari Shubham
Chief Financial Officer
+ 10000
10.82 USD
3 months ago
Aug 09, 2024
Bought 98.9 K USD
Maheshwari Shubham
Chief Financial Officer
+ 9007
10.98 USD
8 months ago
Mar 15, 2024
Sell 49.7 K USD
Honeysett Kimberley E.
SVP and CLO
- 2860
17.37 USD
11 months ago
Nov 22, 2023
Sell 122 K USD
Honeysett Kimberley E.
SVP and General Counsel
- 6174
19.72 USD
1 year ago
Jun 16, 2023
Sell 67.5 K USD
Honeysett Kimberley E.
SVP and General Counsel
- 2909
23.2 USD
1 year ago
May 08, 2023
Sell 200 K USD
Kunkel Jay K.
Director
- 9120
21.9 USD
2 years ago
Aug 24, 2022
Sell 108 K USD
NAUMANN-ETIENNE RUEDIGER
Director
- 5000
21.6 USD
2 years ago
Aug 18, 2022
Sell 71.2 K USD
Honeysett Kimberley E.
SVP and General Counsel
- 3028
23.5 USD
2 years ago
Jun 06, 2022
Sell 118 K USD
NAUMANN-ETIENNE RUEDIGER
director:
- 5207
22.62 USD
2 years ago
Dec 28, 2021
Sell 975 K USD
SANYAL SUNNY
President and CEO
- 30473
32.01 USD
2 years ago
Dec 29, 2021
Sell 1.01 M USD
SANYAL SUNNY
President and CEO
- 31428
32.28 USD
2 years ago
Dec 23, 2021
Sell 275 K USD
SANYAL SUNNY
President and CEO
- 8602
32 USD
3 years ago
Apr 30, 2021
Sell 71.3 K USD
Honeysett Kimberley E.
SVP and General Counsel
- 2970
24 USD
3 years ago
Mar 02, 2021
Sell 102 K USD
NAUMANN-ETIENNE RUEDIGER
Director
- 4264
23.89 USD
3 years ago
Feb 18, 2021
Sell 21.7 K USD
Yankton Kevin Bruce
Chief Accounting Officer
- 956
22.66 USD
4 years ago
Jul 20, 2020
Sell 26.6 K USD
Yankton Kevin Bruce
Chief Accounting Officer
- 1629
16.34 USD
4 years ago
May 18, 2020
Sell 10.1 K USD
Giambattista Brian W
SVP and GM, X-ray Detectors
- 564
17.96 USD
4 years ago
Feb 18, 2020
Sell 39.3 K USD
Giambattista Brian W
SVP and GM, X-ray Detectors
- 1553
25.29 USD
4 years ago
Feb 14, 2020
Sell 391 K USD
REINHARDT ERICH R
Director
- 15074
25.91 USD
5 years ago
Nov 01, 2019
Sell 420 K USD
Jonaitis Mark S.
SVP and GM, X-Ray Sources
- 13530
31.02 USD
5 years ago
Oct 16, 2019
Sell 609 K USD
VERHOEF CLARENCE R
SVP & Chief Financial Officer
- 21047
28.94 USD
5 years ago
Jul 15, 2019
Sell 35.6 K USD
Yankton Kevin Bruce
Chief Accounting Officer
- 1149
31 USD
5 years ago
Jul 05, 2019
Sell 8.19 K USD
Yankton Kevin Bruce
Chief Accounting Officer
- 268
30.56 USD
5 years ago
Jun 26, 2019
Sell 27.5 K USD
Honeysett Kimberley E.
SVP and General Counsel
- 916
30 USD
5 years ago
May 17, 2019
Sell 16.4 K USD
Giambattista Brian W
SVP and GM, X-ray Detectors
- 572
28.65 USD
5 years ago
Feb 19, 2019
Sell 22.4 K USD
Giambattista Brian W
SVP and GM, X-ray Detectors
- 710
31.53 USD
6 years ago
Aug 17, 2018
Bought 97.6 K USD
VERHOEF CLARENCE R
SVP & Chief Financial Officer
+ 3300
29.58 USD
6 years ago
Aug 10, 2018
Bought 197 K USD
SANYAL SUNNY
President and CEO
+ 7000
28.18 USD
6 years ago
Aug 07, 2018
Bought 284 K USD
Rosebrough Walter M Jr
Director
+ 10000
28.39 USD
6 years ago
Jul 02, 2018
Sell 20.9 K USD
Giambattista Brian W
SVP and GM, X-ray Detectors
- 570
36.6577 USD
6 years ago
Jun 05, 2018
Sell 417 K USD
LaCasce Carl E.
SVP, Sales & Marketing
- 11155
37.4182 USD
6 years ago
May 30, 2018
Sell 56.9 K USD
NAUMANN-ETIENNE RUEDIGER
- 1500
37.961 USD
6 years ago
May 14, 2018
Sell 31.9 K USD
Yankton Kevin Bruce
- 862
37 USD
6 years ago
Apr 16, 2018
Sell 75.4 K USD
Honeysett Kimberley E.
- 2000
37.676 USD
7 years ago
Nov 16, 2017
Sell 900 K USD
SANYAL SUNNY
- 25000
36 USD
7 years ago
Nov 16, 2017
Sell 925 K USD
SANYAL SUNNY
- 25000
37 USD
7 years ago
Apr 17, 2017
Sell 33.5 K USD
Honeysett Kimberley E.
- 1000
33.5292 USD
7 years ago
Apr 17, 2017
Sell 44.3 K USD
Honeysett Kimberley E.
- 1322
33.5317 USD
7 years ago
Apr 17, 2017
Sell 607 K USD
Jonaitis Mark S.
- 18089
33.5377 USD
7 years ago
Feb 28, 2017
Sell 633 K USD
LaCasce Carl E.
- 18089
34.9985 USD
7. News
Varex Schedules Fourth Quarter and Fiscal Year 2024 Earnings Release and Conference Call SALT LAKE CITY--(BUSINESS WIRE)--Varex Imaging Corporation (Nasdaq: VREX) today announced that it will report unaudited financial results for the fourth quarter and full fiscal year 2024 following the close of regular trading on Tuesday, November 19, 2024. The earnings news release will be followed by a conference call at 3:00 pm Mountain Time that day. This call will be webcast live and can be accessed at the company's website at www.vareximaging.com/investor-relations/. Investors can also acc. businesswire.com - 2 weeks ago
Varex Imaging Corporation (VREX) Q3 2024 Earnings Call Transcript Varex Imaging Corporation (NASDAQ:VREX ) Q3 2024 Results Conference Call August 1, 2024 5:00 PM ET Company Participants Christopher Belfiore - Director of Investor Relations Sunny Sanyal - President and Chief Executive Officer Sam Maheshwari - Chief Financial Officer Conference Call Participants Young Li - Jefferies Jim Sidoti - Sidoti & Company Young Li - Jefferies Operator Greetings. Welcome to the Varex Imaging Third Quarter Fiscal Year '24 Earnings Call. seekingalpha.com - 3 months ago
VAREX IMAGING (VREX) Lags Q3 Earnings and Revenue Estimates VAREX IMAGING (VREX) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.37 per share a year ago. zacks.com - 3 months ago
Sell Alert: 3 Stocks to Offload Near 52-Week Lows Stocks near 52-week lows may feel like incredible bargains, but the savvy should recognize the risks. Dumping these stocks is a strategic move, especially when they continue to trend downward, offering little to no upside potential ahead. investorplace.com - 4 months ago
Varex Management to Participate in Upcoming Investor Conferences SALT LAKE CITY--(BUSINESS WIRE)--Varex Imaging Corporation (Nasdaq: VREX) announced today that management is scheduled to participate in the following upcoming investor conferences. Jefferies Global Healthcare Conference in New York – June 6, 2024 at 9:00am ET Goldman Sachs 45th Annual Global Healthcare Conference in Miami – June 10, 2024 (1x1 only) Sidoti June 2024 Virtual Small Cap Conference – June 13, 2024 at 10:45am ET These events can be accessed at the Varex Imaging website: www.varexima. businesswire.com - 5 months ago
Varex Imaging Corporation (VREX) Q2 2024 Earnings Call Transcript Varex Imaging Corporation (NASDAQ:VREX ) Q2 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Chris Belfiore – Director of Investor Relations Sunny Sanyal – President and Chief Executive Officer Sam Maheshwari – Chief Financial Officer Conference Call Participants Shaymus Contorno – Oppenheimer Young Li – Jefferies James Sidoti – Sidoti & Company Larry Solow – CJS Operator Greetings and welcome to the Varex Imaging Second Quarter Full Year 2024 Earnings Call. At this time all participants are in a listen-only mode. seekingalpha.com - 6 months ago
VAREX IMAGING (VREX) Q2 Earnings Lag Estimates VAREX IMAGING (VREX) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.26 per share a year ago. zacks.com - 6 months ago
Varex Schedules Second Quarter Fiscal Year 2024 Earnings Release and Conference Call SALT LAKE CITY--(BUSINESS WIRE)--Varex Imaging Corporation (Nasdaq: VREX) today announced that it will report unaudited financial results for the second quarter of fiscal year 2024 following the close of regular trading on Thursday, May 2, 2024. The earnings news release will be followed by a conference call at 3:00 pm Mountain Time that day. This call will be webcast live and can be accessed at the company's website at www.vareximaging.com/investor-relations/. Investors can also access this co. businesswire.com - 6 months ago
Varex Announces Closing of Revolving Credit Facility of $155 Million SALT LAKE CITY--(BUSINESS WIRE)--Varex Imaging Corporation (Nasdaq: VREX) today announced it has entered into a senior secured revolving credit agreement (the “RLOC Facility”) for an initial aggregate principal amount of up to $155 million. Zions Bancorporation, N.A. (“Zions”) acted as lead arranger and bookrunner for the new RLOC Facility. Simultaneously, Varex terminated its existing senior secured asset-based revolving credit agreement. “We are pleased to have successfully closed the revolvi. businesswire.com - 7 months ago
Varex to Present at Oppenheimer 34th Annual Healthcare MedTech & Services Virtual Conference SALT LAKE CITY--(BUSINESS WIRE)--Varex Imaging Corporation (Nasdaq: VREX) announced today that management is scheduled to present at the Oppenheimer 34th Annual Healthcare MedTech & Services Virtual Conference. Management will be participating in a fireside chat on Tuesday, March 12, 2024 at 1:20pm EDT. The webcast can be accessed here or on Varex's website at www.vareximaging.com/news. About Varex Varex Imaging Corporation is a leading innovator, designer and manufacturer of X-ray imaging. businesswire.com - 8 months ago
Varex Imaging Corporation (VREX) Q1 2024 Earnings Call Transcript Varex Imaging Corporation (VREX) Q1 2024 Earnings Call Transcript seekingalpha.com - 9 months ago
VAREX IMAGING (VREX) Lags Q1 Earnings Estimates VAREX IMAGING (VREX) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.08 per share a year ago. zacks.com - 9 months ago
8. Profile Summary

Varex Imaging Corporation VREX

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COUNTRY US
INDUSTRY Medical - Devices
MARKET CAP $ 560 M
Dividend Yield 0.00%
Description Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. Varex Imaging Corporation sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was founded in 2016 and is based in Salt Lake City, Utah.
Contact 1678 South Pioneer Road, Salt Lake City, UT, 84104 https://www.vareximaging.com
IPO Date Jan. 23, 2017
Employees 2300
Officers Ms. Karen Aranki Chief Human Resources Officer Mr. Shubham Maheshwari Chief Financial Officer & Principal Accounting Officer Mr. Shaohua Liang Vice President & MD for China David Carmona Vice President of Medical Global Sales & Marketing Mr. Andrew J. Hartmann Senior Vice President & GM of X-ray Detectors Mr. Christopher John Belfiore Director of Investor Relations Mr. Mark S. Jonaitis Senior Vice President & GM of X-Ray Sources Mr. Sunny S. Sanyal President, Chief Executive Officer & Director