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Dentsply Sirona Inc XRAY

Morningstar Rating
$28.29 −0.09 (0.32%)
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Company Report

Denstply Sirona Earnings: Starts 2024 on Weak Ground as Market Challenges Pull Back Top Line

No-moat Dentsply Sirona reported first-quarter earnings that came in slightly below our expectations. Total sales of $953 million were down 2.6% year over year, as underlying market demand and patient flow remain dampened. Management lightly trimmed its full-year sales guidance by $50 million and called for full-year adjusted EPS to land on the low end of the previous range. Having said that, we are maintaining our $27 per share fair value estimate, as minor adjustments to our near-term assumptions were offset by the time value of money.

Price vs Fair Value

XRAY is trading at a 5% premium.
Price
$28.29
Fair Value
$13.00
Uncertainty
Medium
1-Star Price
$73.32
5-Star Price
$64.50
Economic Moat
Pkgl
Capital Allocation
Dlpzqdmn

Bulls Say, Bears Say

Bulls

Expertise and leadership in digital dentistry positions the firm well to enjoy tailwinds as more doctors move away from dental labs and adopt chairside solutions.

Bears

Dentsply Sirona’s CAD/CAM products mainly play in the premium category and a wide adoption of digital dental solutions has led to more affordable options on the market, making the space more fragmented and competitive.

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News

Trading Information

Previous Close Price
$28.38
Day Range
$27.9629.06
52-Week Range
$26.2741.65
Bid/Ask
$28.30 / $32.12
Market Cap
$5.87 Bil
Volume/Avg
4.5 Mil / 3.6 Mil

Key Statistics

Price/Earnings (Normalized)
15.21
Price/Sales
1.51
Dividend Yield (Trailing)
2.05%
Dividend Yield (Forward)
2.26%
Total Yield
4.60%

Company Profile

Dentsply Sirona is one of the world’s largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (manufactured dental consumables and lab products) and Sirona Dental Systems (manufactured technologically-advanced dental equipment). The firm’s wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology and equipment through third-party distributors and the remaining portfolio is either sold to labs and offices through the firm’s salesforce or directly to consumers (such as Byte clear aligner).
Sector
Healthcare
Industry
Medical Instruments & Supplies
Stock Style Box
Small Core
Total Number of Employees
15,000

Competitors

Valuation

Metric
XRAY
STMN
ALGN
Price/Earnings (Normalized)
15.2140.5933.47
Price/Book Value
1.8010.155.76
Price/Sales
1.517.745.59
Price/Cash Flow
12.4632.2235.66
Price/Earnings
XRAY
STMN
ALGN

Financial Strength

Metric
XRAY
STMN
ALGN
Quick Ratio
0.761.341.02
Current Ratio
1.381.951.23
Interest Coverage
−1.1619.50
Quick Ratio
XRAY
STMN
ALGN

Profitability

Metric
XRAY
STMN
ALGN
Return on Assets (Normalized)
3.49%13.05%11.78%
Return on Equity (Normalized)
7.49%23.67%19.68%
Return on Invested Capital (Normalized)
5.66%18.17%18.66%
Return on Assets
XRAY
STMN
ALGN
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