Covetrus Valuation

Covetrus Investor Information

About 95.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.86. Some equities with similar Price to Book (P/B) outperform the market in the long run. Covetrus has Price/Earnings To Growth (PEG) ratio of 1.59. The entity recorded a loss per share of 0.22. The firm had not issued any dividends in recent years. Based on the key indicators related to Covetrus' liquidity, profitability, solvency, and operating efficiency, Covetrus is not in a good financial situation at the moment. It has a very high risk of going through financial straits in February.

Covetrus Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Covetrus has an asset utilization ratio of 134.93 percent. This implies that the Company is making $1.35 for each dollar of assets. An increasing asset utilization means that Covetrus is more efficient with each dollar of assets it utilizes for everyday operations.

Covetrus Ownership Allocation

Covetrus holds a total of 137.78 Million outstanding shares. The majority of Covetrus outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Covetrus to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Covetrus. Please pay attention to any change in the institutional holdings of Covetrus as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Covetrus Profitability Analysis

The company reported the previous year's revenue of 4.65 B. Net Loss for the year was (13 M) with profit before overhead, payroll, taxes, and interest of 858 M.

Investing in growth stocks can be very risky. If the company such as Covetrus does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

If you are still planning to invest in Covetrus check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Covetrus' history and understand the potential risks before investing.