Varian Stock Today

Varian Medical is selling at 177.07 as of the 2nd of February 2023; that is No Change since the beginning of the trading day. The stock's lowest day price was 177.07. Equity ratings for Varian Medical Systems are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of January 2023 and ending today, the 2nd of February 2023. Click here to learn more.
Valuation Profit Patterns
Check how we calculate scores

Varian Medical Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Varian Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Varian Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEODow Wilson
Thematic IdeaObamacare Repeal (view all)
Average Analyst Recommendation
Analysts covering Varian Medical report their recommendations after researching Varian Medical's financial statements, talking to executives and customers, or listening in on Varian Medical's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Varian Medical Systems. The Varian consensus assessment is calculated by taking the average forecast from all of the analysts covering Varian Medical.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Varian Medical Systems based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Varian Medical Systems financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted118 M110.4 M
Notably Up
Down
Very volatile
Weighted Average Shares116.9 M109.7 M
Notably Up
Down
Very volatile
Return on Average Assets13.0112.48
Sufficiently Up
Down
Pretty Stable
Net Cash Flow from Operations471.8 M409.7 M
Fairly Up
Down
Slightly volatile
Current Liabilities1.3 B1.5 B
Significantly Down
Up
Slightly volatile
Total Liabilities1.7 B1.9 B
Significantly Down
Up
Slightly volatile
Gross Margin50.4348.65
Sufficiently Up
Up
Slightly volatile
Total Debt646.6 M599.3 M
Significantly Up
Up
Slightly volatile
Asset Turnover0.981.0
Fairly Down
Up
Very volatile
Current Assets2.2 B2.4 B
Notably Down
Up
Pretty Stable
Total Assets3.2 B3.4 B
Notably Down
Up
Pretty Stable
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Varian Medical's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
Financial Strength
Varian Medical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Varian Medical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Varian Medical's financial leverage. It provides some insight into what part of Varian Medical's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Varian Medical's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Varian Medical deploys its capital and how much of that capital is borrowed.
Liquidity
Varian Medical cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 350.5 M in debt with debt to equity (D/E) ratio of 0.16, which may show that the company is not taking advantage of profits from borrowing. Varian Medical Systems has a current ratio of 1.48, which is typical for the industry and considered as normal. Debt can assist Varian Medical until it has trouble settling it off, either with new capital or with free cash flow. So, Varian Medical's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Varian Medical Systems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Varian to invest in growth at high rates of return. When we think about Varian Medical's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

471.77 Million
Varian Medical Systems (VAR) is traded on NYS Exchange in USA and employs 10,000 people. The company currently falls under 'Large-Cap' category with a total capitalization of 16.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Varian Medical's market, we take the total number of its shares issued and multiply it by Varian Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Varian Medical Systems runs under Healthcare sector within Medical Instruments & Supplies industry. The entity has 91.84 M outstanding shares of which 2.6 M shares are at this time shorted by investors with about 3.2 days to cover. Varian Medical Systems has about 773.3 M in cash with 512.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.42.
Check Varian Medical Probability Of Bankruptcy

Varian Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Varian Medical jumping above the current price in 90 days from now is about 5.23%. The Varian Medical Systems probability density function shows the probability of Varian Medical stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Varian Medical has a beta of 0.0028. This entails as returns on the market go up, Varian Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Varian Medical Systems will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0019, implying that it can generate a 0.00192 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 177.07HorizonTargetOdds Above 177.07
93.83%90 days
 177.07 
5.23%
Based on a normal probability distribution, the odds of Varian Medical to move above the current price in 90 days from now is about 5.23 (This Varian Medical Systems probability density function shows the probability of Varian Stock to fall within a particular range of prices over 90 days) .

Varian Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Varian Medical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Varian Medical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Varian Medical's value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares24.4 K4.3 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares25 K4.4 M
View Varian Medical Diagnostics

Varian Medical Historical Income Statement

Varian Medical Systems Income Statement is one of the three primary financial statements used for reporting Varian's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Varian Medical Systems revenue and expense. Varian Medical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Varian Medical Interest Expense is relatively stable at the moment as compared to the past year. Varian Medical reported last year Interest Expense of 10.62 Million. As of 02/02/2023, Research and Development Expense is likely to grow to about 246.2 M, while Consolidated Income is likely to drop slightly above 311.2 M. View More Fundamentals

Varian Stock Against Markets

Picking the right benchmark for Varian Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Varian Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Varian Medical is critical whether you are bullish or bearish towards Varian Medical Systems at a given time.

Varian Medical Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Varian Medical stock to make a market-neutral strategy. Peer analysis of Varian Medical could also be used in its relative valuation, which is a method of valuing Varian Medical by comparing valuation metrics with similar companies.
Becton Dickinson AndUnified Series TrustBritvic PLC ADRBarloworld ADRIShares Core SPIShares Core SPMerck CompanyINVESTMENT OF AMERICAAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health Corp
 Risk & Return  Correlation

Varian Medical Corporate Directors

Varian Medical corporate directors refer to members of a Varian Medical board of directors. The board of directors generally takes responsibility for the Varian Medical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Varian Medical's board members must vote for the resolution. The Varian Medical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mark Laret - Independent DirectorProfile
Regina Dugan - Independent DirectorProfile
Jose Baselga - DirectorProfile
Erich Reinhardt - Independent DirectorProfile

Invested in Varian Medical Systems?

The danger of trading Varian Medical Systems is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Varian Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Varian Medical. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Varian Medical Systems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Also, please take a look at World Market Map. Note that the Varian Medical Systems information on this page should be used as a complementary analysis to other Varian Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Varian Stock analysis

When running Varian Medical Systems price analysis, check to measure Varian Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Varian Medical is operating at the current time. Most of Varian Medical's value examination focuses on studying past and present price action to predict the probability of Varian Medical's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Varian Medical's price. Additionally, you may evaluate how the addition of Varian Medical to your portfolios can decrease your overall portfolio volatility.
Fundamental Analysis
View fundamental data based on most recent published financial statements
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Global Correlations
Find global opportunities by holding instruments from different markets
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Is Varian Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Varian Medical. If investors know Varian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Varian Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Varian Medical Systems is measured differently than its book value, which is the value of Varian that is recorded on the company's balance sheet. Investors also form their own opinion of Varian Medical's value that differs from its market value or its book value, called intrinsic value, which is Varian Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Varian Medical's market value can be influenced by many factors that don't directly affect Varian Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Varian Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine Varian Medical value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Varian Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.