WOOF  Vca Antech Inc.

Exchange

NASDAQ

Sector

Consumer Non-Durables

Industry

Farming/Seeds/Milling

Market Cap.

7.56B

Vuru Grade

44.60/100

Current Price

$92.98
+0.00 (+0.00%)

Growth Price

$48.90
Overvalued by 47.40%

Stability Price

$13.50
Overvalued by 85.48%

Company Metrics

  • P/E 34.94
  • P/S 2.78
  • P/B 4.7
  • EPS 2.66
  • Cash ROIC 9.41%
  • Cash Ratio 0.27
  • Dividend 0 / 0%
  • Avg. Vol. 350,159.00
  • Shares 81.31M
  • Market Cap. 7.56B

Company Description

VCA Antech, Inc. operates as an animal healthcare company in the United States and Canada. The company offers veterinary services and diagnostic testing to support veterinary care; and sells diagnostic imaging equipment, and other medical technology products and related services to the veterinary market. It operates in three segments: Animal Hospital, Laboratory, and Medical Technology. The Animal... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Alpine Partners Vi LLC Has Trimmed Stake in Vca INC (WOOF) by $5.52 Million as ...
BZ Weekly - 7 hours ago
Moon Ltd Liability Company accumulated 4,819 shares. Evercore Wealth Mgmt Limited Liability Corp has 1,317 shares. Moreover, Entrustpermal Mngmt Ltd Liability Com has 1.35% invested in VCA Inc (NASDAQ:WOOF). Utah Retirement Sys reported 14,336 ...
Vca INC (WOOF) Shareholder Alpine Partners Vi LLC Has Lowered Its Position by ...
Weekly Register - 7 hours ago
Cambridge has 0.01% invested in VCA Inc (NASDAQ:WOOF). California State Teachers Retirement System owns 143,068 shares for 0.03% of their portfolio.
California State Teachers Retirement System Sells 11332 Shares of VCA Inc (WOOF) - The Ledger Gazette
Alpine Partners Vi LLC Has Decreased Its Vca INC (WOOF) Position as Market ... - KL Daily
VCA Inc (WOOF) Shares Sold by Fred Alger Management Inc.
The Ledger Gazette - Oct 19, 2017
VCA logo Fred Alger Management Inc. lessened its position in shares of VCA Inc (NASDAQ:WOOF) by 89.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
VCA (WOOF) Given Daily Media Impact Rating of 0.11 - Week Herald
Moon Capital Management, LLC Buys Applied Materials Inc, Sells Citigroup Inc ...
Nasdaq - Oct 13, 2017
Moon Capital Management, LLC initiated holdings in Applied Materials Inc. The purchase prices were between $41.01 and $52.09, with an estimated average price of $45.15.
VCA Inc (WOOF) is Alpine Global Management LLC's 9th Largest Position
StockNewsTimes - Oct 18, 2017
VCA logo Alpine Global Management LLC reduced its position in shares of VCA Inc (NASDAQ:WOOF) by 40.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
VCA Inc (WOOF) Shares Bought by Parametric Portfolio Associates LLC - Week Herald
As Vca INC (WOOF) Stock Rose, Pentwater Capital Management LP Has Decreased ...
WeeklyHub - Oct 15, 2017
The New York-based Jane Street Gru Lc has invested 0% in VCA Inc (NASDAQ:WOOF). 14,509 are owned by Eqis Cap Mngmt. Ontario Teachers Pension Plan Board holds 0.05% or 45,800 shares.
Arrowgrass Capital Partners LP Has Decreased Vca INC (WOOF) Stake by $9.45 Million - BZ Weekly
Arrowgrass Capital Partners LP Has Cut Vca INC (WOOF) Position as Valuation Rose - Weekly Register
VCA Inc (NASDAQ:WOOF) Position Raised by Bluefin Trading LLC
The Ledger Gazette - Oct 17, 2017
VCA logo Bluefin Trading LLC boosted its stake in shares of VCA Inc (NASDAQ:WOOF) by 79.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
Hutchin Hill Capital LP Stake in Vca INC (WOOF) Trimmed by $28.95 Million as ... - BZ Weekly
Vca INC (WOOF) Share Price Rose While Hutchin Hill Capital LP Cut Its Holding - Weekly Register
As Vca INC (WOOF) Market Valuation Rose, Shareholder Hutchin Hill Capital LP ...
WeeklyHub - Oct 17, 2017
Gardner Lewis Asset Limited Partnership stated it has 4.63% in VCA Inc (NASDAQ:WOOF). Next Fincl Gp reported 160 shares or 0% of all its holdings.
Vca INC (WOOF) Holder Hutchin Hill Capital LP Has Cut Its Position by $28.95 ... - Press Telegraph
VCA Inc (WOOF) is Banco BTG Pactual SA's 5th Largest Position
Dispatch Tribunal - Oct 19, 2017
VCA logo Banco BTG Pactual S.A. lifted its position in shares of VCA Inc (NASDAQ:WOOF) by 782.6% in the 2nd quarter, according to its most recent 13F filing with the SEC.
As Vca INC (WOOF) Stock Rose, Moab Capital Partners LLC Decreased Holding
BZ Weekly - Oct 14, 2017
Liberty Mutual Gp Asset Management Inc holds 0.12% or 31,772 shares. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 137,786 shares.
Moab Capital Partners LLC Trimmed Vca INC (WOOF) Position by $7.07 Million ... - WeeklyHub
Vca INC (WOOF) Holder Moab Capital Partners LLC Lowered Holding by $7.07 Million - Weekly Register
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for WOOF to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate WOOF's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$92.98 Current Price

$48.90 Growth Price (DCF)

Overvalued by 47.40%


Growth Rate Assumed by Market: 30.70%


Future Free Cash Flow Growth Rate: 9.5%


Discount Rate: 15.0%


Show Free Cash Flow numbers

$13.50 Stability Price (EPV)

Overvalued by 85.48%


Discount Rate: 15.0%

$52.88 Book Price

Overvalued by 43.13%


Poor Cash Return on Invested Capital over the past 5 years

WOOF has been unable to consistently generate sufficient returns from its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

WOOF has only created $9.41 of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20122013201420152016
Free Cash Flow 160.45M 183.10M 197.26M 222.31M 266.89M
divided by
Invested Capital 1.84B 1.91B 2.05B 2.18B 3.00B
Cash ROIC 8.73% 9.59% 9.61% 10.22% 8.91%

Growing Return on Equity over the past 5 years

WOOF has been growing returns with capital that shareholders have invested. This is a positive sign and demonstrates that both the business and management performance are improving over time.

WOOF has generated $11.81 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20122013201420152016
Net Income 50.72M 142.92M 140.68M 216.10M 217.40M
divided by
Stockholders' Equity 1.18B 1.31B 1.20B 1.24B 1.47B
Return on Equity 4.29% 10.93% 11.72% 17.36% 14.78%

Excellent Business Performance over the past 10 years

WOOF has been able to maintain profitability in good times and bad. This could mean WOOF has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

WOOF has created positive free cash flow for 9 or more of the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Free Cash Flow 121.66M 120.68M 127.78M 96.83M 127.57M 160.45M 183.10M 197.26M 222.31M 266.89M

Weak Balance Sheet

WOOF's financial position is not ideal. The key is to check whether WOOF is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Cash 110.87M 88.96M 145.18M 97.13M 63.65M 68.44M 125.03M 81.38M 98.89M 81.41M
Current Assets 216.90M 199.07M 278.21M 246.31M 237.16M 243.53M 309.75M 283.45M 282.16M 281.05M
Total Assets 1.29B 1.45B 1.63B 1.77B 2.00B 2.09B 2.24B 2.33B 2.51B 3.37B
Current Liabilities 116.39M 123.12M 122.36M 141.59M 156.99M 185.44M 204.15M 197.22M 232.31M 296.50M
Total Liabilities 718.33M 738.05M 752.36M 767.50M 887.49M 908.08M 930.44M 1.13B 1.26B 1.90B
Stockholder' Equity 568.38M 710.99M 875.05M 998.92M 1.11B 1.18B 1.31B 1.20B 1.24B 1.47B
Current Ratio 1.86 1.62 2.27 1.74 1.51 1.31 1.52 1.44 1.21 0.95
TL-to-TA 0.56 0.51 0.46 0.43 0.44 0.43 0.42 0.49 0.50 0.56

Consistent Reinvestment of Profits over the past 10 years

WOOF has consistently retained profits. This may put WOOF in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, WOOF can greatly improve their long-term economic picture.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 275.60M 408.58M 540.01M 650.25M 745.66M 791.21M 928.72M 1.06B 1.28B 1.48B
Retained Earnings Growth - 48.25% 32.17% 20.41% 14.67% 6.11% 17.38% 14.58% 19.83% 16.40%

Competitive Industry over the past 10 years

WOOF is likely operating in an industry with medium to low barriers to entry. This may mean that WOOF doesn't have a characteristic that's hard to replicate, such as exclusive distribution, branding or the ability to keep costs low. If Gross Margins are at least satisfactory, it's likely that WOOF invests heavily in R&D and Sales, General & Administrative expenses.

Only $8.23 of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 121.01M 132.98M 131.43M 110.24M 95.41M 50.72M 142.92M 140.68M 216.10M 217.40M
divided by
Revenue 1.16B 1.28B 1.31B 1.38B 1.49B 1.70B 1.80B 1.92B 2.13B 2.52B
Net Profit Margin 10.47% 10.41% 10.00% 7.98% 6.42% 2.98% 7.93% 7.33% 10.13% 8.64%

Inconsistent Gross Profit Margins over the past 10 years

WOOF has good gross profit margins, however inconsistency of these margins is a cause for concern. Look at reasons for this inconsistency to determine the likelihood of future sustainability.

$32.01 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit 321.42M 342.64M 343.00M 331.16M 1.49B 374.97M 409.38M 444.64M 510.07M 592.06M
divided by
Revenue 1.16B 1.28B 1.31B 1.38B 1.49B 1.70B 1.80B 1.92B 2.13B 2.52B
Gross Margin 27.80% 26.82% 26.09% 23.97% 100.00% 22.06% 22.70% 23.18% 23.91% 23.52%

High Capital Intensity over the past 10 years

WOOF spends large amounts of capital buying new equipment or investing in new facilities to stay competitive. Over the long term, those costs may have to be fuelled by debt. Look at the growth of Shareholders' Equity to see if this strategy is having a positive or negative impact.

62.36% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Capital Expenditure 48.71M 72.64M 55.70M 71.24M 63.49M 76.81M 73.27M 72.95M 95.23M 122.95M
divided by
Net Income 121.01M 132.98M 131.43M 110.24M 95.41M 50.72M 142.92M 140.68M 216.10M 217.40M
Capital Expenditure Ratio 40.26% 54.62% 42.38% 64.62% 66.54% 151.45% 51.27% 51.85% 44.07% 56.55%

Inconsistent Dividend History over the past 10 years

WOOF has started distributing dividends in the past couple years or has recently suspended their dividend distribution. The reliability of future distributions is unclear.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Dividend Paid - - 4.19M - 3.28M 4.48M 4.87M 5.01M 4.96M -
divided by
Shares Outstanding 85.72M 85.70M 86.10M 87.05M 87.39M 88.67M 89.66M 87.83M 82.41M 81.73M
Dividend Paid Per Share - - 0.05 - 0.04 0.05 0.05 0.06 0.06 -
Price at Year End 44.60 18.93 24.85 23.49 19.75 20.95 31.44 49.20 55.13 68.65
Dividend Yield - - 0.20% - 0.19% 0.24% 0.17% 0.12% 0.11% -

History of Stock Buybacks over the past 10 years

WOOF has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Shares Outstanding 85.72M 85.70M 86.10M 87.05M 87.39M 88.67M 89.66M 87.83M 82.41M 81.73M
Stock Bought Back - 0.02% -0.46% -1.10% -0.39% -1.44% -1.11% 2.09% 6.57% 0.84%
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