ZIMV - ZimVie Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$13.00
DETAILS
HIGH:
$20.00
LOW:
$9.00
MEDIAN:
$10.00
CONSENSUS:
$13.00
DOWNSIDE:
31.54%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 449.7 | 457.4 | 913.9 | 1,014.6 | 912.4 | 1,055.5 | 1,099.1 |
| Cost of Revenue | 162.3 | 167.1 | 300.8 | 385.8 | 312.9 | 333.9 | 382.7 |
| Gross Profit | 287.4 | 290.4 | 613.1 | 628.8 | 599.5 | 721.6 | 716.4 |
| Operating Expenses | |||||||
| R&D Expenses | 26.9 | 26.2 | 62.7 | 61.3 | 49.2 | 55.6 | 52.3 |
| SG&A Expenses | 238.6 | 249.0 | 524.0 | 554.4 | 533.5 | 605.4 | 599.9 |
| Other Expenses | 42.6 | 46.2 | 80.9 | 86.2 | 85.5 | 83.4 | (0.6) |
| Operating Expenses | 308.1 | 321.3 | 667.5 | 701.9 | 668.2 | 744.4 | 747.4 |
| Operating Income | |||||||
| Operating Income | (20.7) | (30.9) | (50.8) | (73.6) | (67.1) | (22.6) | (473.5) |
| Interest Expense | 18.9 | 20.2 | 11.1 | 0.4 | 0.3 | 0.1 | 0.1 |
| Interest Income | 7.0 | 0 | 0.2 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | 29.6 | 91.1 | 79.2 | 28.7 | (86.7) | 107.5 | (326.4) |
| EBIT | (4.7) | (30.6) | (43.6) | (101) | (221.0) | (27.6) | (474.1) |
| Income Before Tax | (23.6) | (50.8) | (109.9) | (101.3) | (221.3) | (27.7) | (474.2) |
| Income Tax Expense | 10.2 | 5.2 | (46.0) | (6) | (42.3) | 0.2 | (14.8) |
| Net Income | (25.8) | (393.3) | (63.9) | (95.3) | (179) | (27.9) | (460.4) |
| Per Share Data | |||||||
| EPS (Basic) | -0.94 | -14.87 | -2.45 | -3.65 | -6.86 | -1.07 | -17.64 |
| EPS (Diluted) | -0.94 | -14.87 | -2.45 | -3.65 | -6.86 | -1.07 | -17.64 |
| Shares Outstanding | 27.4 | 26.5 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 75.0 | 71.5 | 89.6 | 100.4 | 27.4 | 37 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 71.9 | 74.8 | 74.7 | 164.2 | 193.7 | 188.9 |
| Inventory | 75.0 | 79.6 | 233.9 | 246.8 | 283 | 270.7 |
| Other Current Assets | 19.5 | 243.6 | 299.4 | 16.1 | 0 | 0 |
| Total Current Assets | 257.3 | 482.9 | 537.9 | 536.8 | 526 | 517.5 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 47.3 | 54.2 | 148.4 | 180.2 | 183.4 | 203.5 |
| Goodwill | 257.6 | 262.1 | 260.0 | 267.8 | 273.7 | 398.9 |
| Intangible Assets | 92.7 | 114.4 | 655.0 | 766.2 | 891 | 917.4 |
| Long-Term Investments | 0 | 0 | 0 | (129.5) | 0 | 0 |
| Other Non-Current Assets | 98.8 | 291.8 | (57.3) | 75.7 | 75.1 | 73.1 |
| Total Non-Current Assets | 496.4 | 722.5 | 1,104.2 | 1,289.9 | 1,423.2 | 1,592.9 |
| Total Assets | 753.7 | 1,205.3 | 1,642.1 | 1,826.7 | 1,949.2 | 2,110.4 |
| Current Liabilities | ||||||
| Account Payables | 33.0 | 27.8 | 29.1 | 45 | 49.7 | 50.3 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 17.6 | 0 |
| Deferred Revenue | 0 | 0 | 98.1 | 54.8 | 61.8 | 50.3 |
| Other Current Liabilities | 72.2 | 115.7 | 109.3 | 86.0 | 49.2 | 52 |
| Total Current Liabilities | 133.9 | 173.6 | 217.3 | 184.6 | 226.2 | 197.8 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 220.5 | 508.8 | 532.2 | 0 | 4.9 | 16.8 |
| Deferred Tax Liabilities | 0 | 0.3 | 2.2 | 129.5 | 155.2 | 159.1 |
| Other Non-Current Liabilities | 9.4 | 104.1 | 121.8 | 15.9 | 19.7 | 12.2 |
| Total Non-Current Liabilities | 238.0 | 622.2 | 666.1 | 190.7 | 232.5 | 244.5 |
| Total Liabilities | 372.0 | 795.9 | 883.5 | 375.3 | 458.7 | 442.3 |
| Stockholders' Equity | ||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 1,494.2 | 1,486 | 1,707.5 |
| Retained Earnings | (466.6) | (440.8) | (47.5) | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (90.6) | (73.0) | (91.2) | (42.8) | 4.5 | (40.3) |
| Total Stockholders' Equity | 381.7 | 409.5 | 758.6 | 1,451.4 | 1,490.5 | 1,667.2 |
| Total Liabilities & Equity | 753.7 | 1,205.3 | 1,642.1 | 1,826.7 | 1,949.2 | 2,110.4 |
| Debt Metrics | ||||||
| Total Debt | 232.6 | 521.9 | 564.1 | 57.9 | 89.2 | 86 |
| Net Debt | 157.6 | 450.4 | 474.5 | (42.5) | 61.8 | 49 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (25.8) | (393.3) | (63.9) | (95.3) | (179) | (27.9) | (459.4) |
| Depreciation & Amortization | 34.3 | 121.7 | 122.8 | 129.7 | 134.3 | 135.1 | 147.7 |
| Stock-Based Compensation | 16.6 | 27.0 | 30.3 | 7.3 | 5.9 | 7.1 | 5.6 |
| Change in Working Capital | 5.1 | 3.1 | 1.3 | 44.7 | 5.6 | 23.5 | 84.4 |
| Other Non-Cash Items | (11.7) | 295.7 | 4.5 | 213 | 142 | 268.6 | 411.7 |
| Operating Cash Flow | 14.2 | 37.1 | 24.6 | 64.3 | 86 | 119.2 | 162 |
| Investing Activities | |||||||
| Capital Expenditure | (6.7) | (12.5) | (26.5) | (56.6) | (38.3) | (53) | (48.3) |
| Acquisitions | 290.9 | 0 | 0 | 0 | (8.4) | (27.6) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (1.9) | (2.7) | (2.1) | (3.7) | (2.8) | (4) | (2) |
| Investing Cash Flow | 282.3 | (15.2) | (28.7) | (60.3) | (49.5) | (84.6) | (50.3) |
| Financing Activities | |||||||
| Net Debt Issuance | (290) | (24.5) | 536.5 | (16.9) | (0.7) | 0 | (38.6) |
| Stock Repurchased | 0 | 0 | (1.1) | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | (540.6) | 0 | 0 | 0 | 0 |
| Other Financing Activities | (4.7) | (1.1) | 2.8 | 89.2 | (45.8) | (43.7) | (58.7) |
| Financing Cash Flow | (294.7) | (25.7) | (1.3) | 72.3 | (46.5) | (43.7) | (97.3) |
| Cash Position | |||||||
| Net Change in Cash | (11.2) | (1.8) | (10.8) | 73 | (9.6) | (9.3) | 13.1 |
| Cash at Beginning | 87.8 | 89.6 | 100.4 | 27.4 | 37 | 46.3 | 33.2 |
| Cash at End | 76.6 | 87.8 | 89.6 | 100.4 | 27.4 | 37 | 46.3 |
| Free Cash Flow | 7.5 | 24.7 | (1.9) | 7.7 | 47.7 | 66.2 | 113.7 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 449.7 | 457.4 | 913.9 | 1,014.6 | 912.4 | 1,055.5 | 1,099.1 |
| Gross Profit | 287.4 | 290.4 | 613.1 | 628.8 | 599.5 | 721.6 | 716.4 |
| Operating Income | (20.7) | (30.9) | (50.8) | (73.6) | (67.1) | (22.6) | (473.5) |
| Net Income | (25.8) | (393.3) | (63.9) | (95.3) | (179) | (27.9) | (460.4) |
| EPS (Diluted) | -0.94 | -14.87 | -2.45 | -3.65 | -6.86 | -1.07 | -17.64 |
| Balance Sheet | |||||||
| Cash & Equivalents | 75.0 | 71.5 | 89.6 | 100.4 | 27.4 | 37 | |
| Total Assets | 753.7 | 1,205.3 | 1,642.1 | 1,826.7 | 1,949.2 | 2,110.4 | |
| Total Debt | 232.6 | 521.9 | 564.1 | 57.9 | 89.2 | 86 | |
| Stockholders' Equity | 381.7 | 409.5 | 758.6 | 1,451.4 | 1,490.5 | 1,667.2 | |
| Cash Flow | |||||||
| Operating Cash Flow | 14.2 | 37.1 | 24.6 | 64.3 | 86 | 119.2 | 162 |
| Capital Expenditure | (6.7) | (12.5) | (26.5) | (56.6) | (38.3) | (53) | (48.3) |
| Free Cash Flow | 7.5 | 24.7 | (1.9) | 7.7 | 47.7 | 66.2 | 113.7 |