| Company Name: | Varian, Incorporated | | Ticker Symbol: | VARI | | | WWW Address: | www.varianinc.com | | CEO: | Garry W. Rogerson | | No. of Employees: | 3,900 | | Common Issue Type: | CS | | Business Description: | The Company designs, develops, manufactures, markets, sells and services scientific instruments and vacuum products. These businesses primarily serve life science, industrial, academic and research customers.
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| | | Industry Information: | ELECTRONICS - Scientific & Technical Instruments [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 51.19 |  -0.06 | 50.3 | 52.1 | 51.24 | 51.26 | 51.16 | 587196 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 1,479.4 | 28.9 | 1.40 | 1.34 | 0.00 | 38.2 | 0.0 | 52.00 - 19.83 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 51.19 | $ | | PE Ratio - LTM | 38.2 | |
| Market Capitalisation | 1,479.6 | mil |
| Latest Shares Outstanding | 28.9 | mil |
| Earnings pS (EPS) | 1.34 | $ |
| Dividend pS (DPS) | 0.00 | ¢ |
| Dividend Yield | 0.0 | % |
| Dividend Payout Ratio | 0 | % |
| Revenue per Employee | 0 | $ |
| Effective Tax Rate | 0.0 | % |
| Float | 28.6 | mil |
| Float as % of Shares Outstanding | 99.1 | % |
| Foreign Sales | 0 | mil |
| Domestic Sales | 0 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 28.00 | % |
| Research & Devlopment (R&D) as % of Revenue | 6.80 | % |
| Gross Profit Margin | 47.7 | % |
| EBITDA Margin | 12.9 | % |
| Pre-Tax Profit Margin | 9.8 | % |
| Assets Turnover | 1.0 | % |
| Return on Assets (ROA) | 6.5 | % |
| Return on Equity (ROE) | 9.4 | % |
| Return on Capital Invested (ROCI) | 9.2 | % |
| Current Ratio | 2.3 | |
| Leverage Ratio (Assets/Equity) | 1.5 | |
| Interest Cover | 60.5 | |
| Total Debt/Equity (Gearing Ratio) | 0.03 | |
| LT Debt/Total Capital | 2.0 | % |
| Working Capital pS | 10.04 | $ |
| Cash pS | 5.76 | $ |
| Book-Value pS | 21.56 | $ |
| Tangible Book-Value pS | 13.05 | $ |
| Cash Flow pS | 3.00 | $ |
| Free Cash Flow pS | 2.28 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 2.37 | |
| Price/Tangible Book Ratio | 3.92 | |
| Price/Cash Flow | 17.0 | |
| Price/Free Cash Flow | 22.4 | |
| P/E as % of Industry Group | 0.0 | % |
| P/E as % of Sector Segment | 29.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Type of Payment | - |
| Dividend Rate | 0.00 |
| Current Dividend Yield | 0.0 |
| 5-Y Average Dividend Yield | 0.0 |
| Payout Ratio | 0.0 |
| 5-Y Average Payout Ratio | 0.0 |
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|  | | Share price performance previous 3 years |
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 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | 0.3 | 99 | 5,090 | 9,866 |
| 4 Weeks | 51.47 | 50.78 | 51.20 | 0.0 | 94 | 6,803 | 115,647 |
| 13 Weeks | 51.51 | 50.78 | 51.42 | -0.4 | 93 | 4,464 | 272,320 |
| 26 Weeks | 52.00 | 34.84 | 34.82 | 47.0 | 122 | 5,144 | 643,044 |
| 52 Weeks | 52.00 | 19.83 | 36.60 | 39.9 | 113 | 4,047 | 1,007,787 |
| YTD | 52.00 | 19.83 | - | 52.8 | 125 | 4,202 | 953,786 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 51.13 | 51.09 | 51.12 | 45.45 | 39.69 | 1.40 | 1.42 |
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| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 0.78 | 2.1 | -0.07 |
| Income | -6.46 | 12.5 | -4.29 |
| Dividend | 0.00 | 0.0 | 0.00 |
| Capital Spending | 5.29 | NA | 0.16 |
| R&D | 6.83 | NA | 3.52 |
| Normalized Inc. | 7.64 | NA | 9.06 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -20.3 | -30.4 | 10.0 |
| Earnings % | -41.9 | -91.1 | -41.9 |
| EPS % | -39.4 | -90.4 | -39.4 |
| EPS $ | -0.87 | -0.66 | -0.87 |
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| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | 32.85 |
| Current Ratio | 2.2 |
| Quick Ratio (Acid Test) | 1.5 |
| Liquidity Ratio (Cash) | 0.84 |
| Receivables Turnover | 4.5 |
| Average Collection Period | 80 |
| Working Capital/Equity | 48.6 |
| Working Capital pS | 10.73 |
| Cash-Flow pS | 0.00 |
| Free Cash-Flow pS | 2.95 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 4.41 |
| Financial Leverage Ratio (Assets/Equity) | 1.5 |
| Debt Ratio | 32.4 |
| Total Debt/Equity (Gearing Ratio) | 0.03 |
| LT Debt/Equity | 0.02 |
| LT Debt/Capital Invested | 8.6 |
| LT Debt/Total Liabilities | 4.1 |
| Interest Cover | 0.0 |
| Interest/Capital Invested | 0.21 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 3.20 |
| Tobin's Q Ratio | 1.57 |
| Current P/E Ratio - LTM | 38.20 |
| Enterprise Value (EV)/EBITDA | 18.38 |
| Enterprise Value (EV)/Free Cash Flow | 24.33 |
| Dividend Yield | 0.0 |
| Price/Tangible Book Ratio - LTM | 3.92 |
| Price/Book Ratio - LTM | 2.37 |
| Price/Cash Flow Ratio | 17.0 |
| Price/Free Cash Flow Ratio - LTM | 22.4 |
| Price/Sales Ratio | 1.83 |
| P/E Ratio (1 month ago) - LTM | 38.2 |
| P/E Ratio (26 weeks ago) - LTM | 18.2 |
| P/E Ratio (52 weeks ago) - LTM | 16.6 |
| 5-Y High P/E Ratio | 38.8 |
| 5-Y Low P/E Ratio | 8.7 |
| 5-Y Average P/E Ratio | 25.3 |
| Current P/E Ratio as % of 5-Y Average P/E | 151 |
| P/E as % of Industry Group | 0.0 |
| P/E as % of Sector Segment | 29.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 25.5 |
| PER SHARE FIGURES |
| LT Debt pS | 0.43 |
| Current Liabilities pS | 8.64 |
| Tangible Book Value pS - LTM | 13.05 |
| Book Value pS - LTM | 21.56 |
| Capital Invested pS | 22.51 |
| Cash pS - LTM | 5.76 |
| Cash Flow pS - LTM | 3.00 |
| Free Cash Flow pS - LTM | 2.28 |
| Earnings pS (EPS) | 1.34 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | 10.58 |
| Free Cash Flow Margin 5YEAR AVG | 4.09 |
| Net Profit Margin | 4.8 |
| Net Profit Margin - 5YEAR AVRG. | 7.9 |
| Equity Productivity | 1.26 |
| Return on Equity (ROE) | 6.1 |
| Return on Equity (ROE) - 5YEAR AVRG. | 13.1 |
| Capital Invested Productivity | 1.24 |
| Return on Capital Invested (ROCI) | 5.9 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 12.6 |
| Assets Productivity | 0.90 |
| Return on Assets (ROA) | 4.1 |
| Return on Assets (ROA) - 5YEAR AVRG. | 8.4 |
| Gross Profit Margin | 47.7 |
| Gross Profit Margin - 5YEAR AVRG. | 46.4 |
| EBITDA Margin - LTM | 12.9 |
| EBIT Margin - LTM | 10.0 |
| Pre-Tax Profit Margin | 0.0 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 9.6 |
| Effective Tax Rate | 34.7 |
| Effective Tax Rate - 5YEAR AVRG. | 32.7 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 71 |
| Revenue per Employee | 0 |
| Net Income per Employee | 0 |
| Average Collection Period | 71 |
| Receivables Turnover | 4.5 |
| Day's Inventory Turnover Ratio | 0 |
| Inventory Turnover | 0.0 |
| Inventory/Sales | 16.9 |
| Accounts Payble/Sales | 7.85 |
| Assets/Revenue | 1.11 |
| Net Working Capital Turnover | 2.60 |
| Fixed Assets Turnover | 2.10 |
| Total Assets Turnover | 0.9 |
| Revenue per $ Cash | 3.85 |
| Revenue per $ Plant | 7.05 |
| Revenue per $ Common Equity | 1.26 |
| Revenue per $ Capital Invested | 1.24 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 0.0 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 27.1 |
| Research & Devlopment (R&D) as % of Revenue | 0.0 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 0.0 |
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