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PetIQ Inc
NASDAQ:PETQ

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PetIQ Inc Logo
PetIQ Inc
NASDAQ:PETQ
Watchlist
Price: 18.21 USD -0.6% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

PetIQ, Inc. is a holding company, which engages in the manufacture, procurement, packaging, and distribution of pet health and wellness products. [ Read More ]

The intrinsic value of one PETQ stock under the Base Case scenario is 36.34 USD. Compared to the current market price of 18.21 USD, PetIQ Inc is Undervalued by 50%.

Key Points:
PETQ Intrinsic Value
Base Case
36.34 USD
Undervaluation 50%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
PetIQ Inc

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Fundamental Analysis

PetIQ Reports Strong Q3, Ups 2023 Outlook
2023-Q3 Earnings Call

PetIQ Reports Strong Q3, Ups 2023 Outlook

PetIQ announced a record Q3 with net sales of $277 million, boasting a 32% increase over the previous year, largely driven by broad-based growth across product categories and the integration of Rocco & Roxie. Gross profit surged 43% to $72.6 million, as gross margin expanded to 26.2%. Adjusted net income saw a significant jump to $12.6 million, an $11.8 million increase from last year, driving an adjusted EPS of $0.42. Q3 EBITDA rose sharply by 93.2%. With solid liquidity of $249.6 million and net leverage down to 2.8x, the company is optimistic about 2024. It raised 2023 guidance, projecting sales between $1.60-$1.80 billion and adjusted EBITDA of $99-$103 million, reflecting a 16% and 30% increase respectively.

Financials

Balance Sheet Decomposition
PetIQ Inc

Current Assets 410.7m
Cash & Short-Term Investments 124.6m
Receivables 151.7m
Other Current Assets 134.4m
Non-Current Assets 446.4m
PP&E 75.2m
Intangibles 368.8m
Other Non-Current Assets 2.4m
Current Liabilities 164.6m
Accounts Payable 113.4m
Accrued Liabilities 43.1m
Other Current Liabilities 8.1m
Non-Current Liabilities 455.3m
Long-Term Debt 439.8m
Other Non-Current Liabilities 15.5m
Efficiency
Fundamental Scores

PETQ Profitability Score
Profitability Due Diligence

PetIQ Inc's profitability score is 44/100. The higher the profitability score, the more profitable the company is.

ROE is Increasing
Positive 3-Years Revenue Growth
ROIC is Increasing
Positive Gross Profit
44/100
Profitability
Score

PetIQ Inc's profitability score is 44/100. The higher the profitability score, the more profitable the company is.

PETQ Solvency Score
Solvency Due Diligence

PetIQ Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Average D/E
Average Altman Z-Score
37/100
Solvency
Score

PetIQ Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

PETQ Price Targets Summary
PetIQ Inc

Wall Street analysts forecast PETQ stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PETQ is 27.2 USD with a low forecast of 22.22 USD and a high forecast of 31.5 USD.

Lowest
Price Target
22.22 USD
22% Upside
Average
Price Target
27.2 USD
49% Upside
Highest
Price Target
31.5 USD
73% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

PETQ Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

PETQ Price
PetIQ Inc

1M 1M
0%
6M 6M
-5%
1Y 1Y
+79%
3Y 3Y
-49%
5Y 5Y
-38%
10Y 10Y
-22%
Annual Price Range
18.21
52w Low
10.18
52w High
22.38
Price Metrics
Average Annual Return -16.77%
Standard Deviation of Annual Returns 44.13%
Max Drawdown -85%
Shares Statistics
Market Capitalization 535.4m USD
Shares Outstanding 29 430 000
Percentage of Shares Shorted 8.41%

PETQ Return Decomposition
Main factors of price return

What is price return decomposition?

PETQ News

Other Videos

Company Profile

PetIQ Inc Logo
PetIQ Inc

Country

United States of America

Industry

Health Care

Market Cap

535.4m USD

Dividend Yield

0%

Description

PetIQ, Inc. is a holding company, which engages in the manufacture, procurement, packaging, and distribution of pet health and wellness products. The company is headquartered in Eagle, Idaho and currently employs 1,929 full-time employees. The company went IPO on 2017-07-21. The firm is engaged with customers through approximately 60,000 points of distribution across retail and e-commerce channels with its branded and distributed medications, as well as health and wellness items, which are further supported by its medications manufacturing facility in Omaha, Nebraska and health and wellness manufacturing facility in Springville, Utah. Its national veterinarian service platform operates in approximately 2,900 retail partner locations in 42 states provides veterinary wellness services. The firm has two segments: Products and Services. The Products segment consists of its manufacturing and distribution businesses. The Services segment consists of veterinary services and related product sales provided by the Company directly to consumers. Its products offering for dogs and cats includes pet Rx medications, OTC medications and wellness products.

Contact

IDAHO
Eagle
Petiq Llc, 230 E. Riverside Dr.
+12089398900.0
https://petiq.com/

IPO

2017-07-21

Employees

1 929

Officers

Chairman of the Board & CEO
Mr. McCord Christensen
President & COO
Mr. Michael A. Smith
Chief Financial Officer
Mr. Zvi Glasman
Executive VP & General Counsel
William J. Carter
Executive Vice President of Services & Manufactured Products
Mr. John Pearson

See Also

Discover More
What is the Intrinsic Value of one PETQ stock?

The intrinsic value of one PETQ stock under the Base Case scenario is 36.34 USD.

Is PETQ stock undervalued or overvalued?

Compared to the current market price of 18.21 USD, PetIQ Inc is Undervalued by 50%.