10 Year Financial Data of Covance, Inc. (CVD)

76.09 (1y: +69%)

Market Cap	4.27 B	P/E(ttm)	39.20
Enterprise Value	4.17 B	P/B	3.30

CVD- NYSE (USA)
Covance, Inc.

Currently 1/5

Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies

$76.09

2 Severe Warning Signs 2 Medium Warning Signs

Bookmark

Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	11.7	10	16.7
EBITDA Growth (%)	4.1	-5.1	-10
Free Cash Flow Growth (%)	0	0	-92.5
Book Value Growth (%)	12.1	5.3	14

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

Trendline:

Export:

Print This Table Print

See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue per Share ($)	15.44	16.34	19.61	21.70	25.17	28.56	30.50	31.62	36.61	42.03	43.96	9.69	10.80	10.83	11.06	11.27
EBITDA per Share	2.57	2.89	3.50	3.87	4.55	5.24	4.97	2.33	4.68	4.15	4.33	1.24	0.48	1.10	1.34	1.41
Free Cashflow per Share	1.23	1.40	0.45	1.81	1.43	-0.51	1.99	3.23	1.78	1.93	0.18	0.26	-0.05	0.63	1.10	-1.50
Earnings per Share ($)	1.21	1.52	1.88	2.24	2.71	3.08	2.73	1.06	2.16	1.68	1.94	0.60	-0.23	0.69	0.62	0.86
Book Value per Share	8.94	9.86	11.47	14.25	17.13	18.67	21.93	19.85	23.86	23.22	23.84	20.91	21.95	22.51	23.74	23.84
Month End Stock Price	26.80	38.75	48.55	58.91	86.62	46.03	54.57	51.41	45.72	57.77	74.32	47.63	47.85	46.69	57.77	74.32
Ratios	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Return on Equity %	13.50	15.40	16.30	15.70	15.80	16.50	12.50	5.30	9.10	7.20	14.40	11.60	-4.40	12.00	10.40	14.40
Return on Assets %	9.40	10.60	11.30	11.20	11.30	11.20	8.90	3.50	6.30	4.10	8.40	6.40	-2.40	6.80	6.00	8.40
Return on Capital - Joel Greenblatt %	31.30	32.50	32.20	30.70	31.00	27.30	20.60	5.00	17.40	10.80	16.40	17.60	-1.60	11.60	16.00	16.40
Debt to Equity	--	--	--	--	--	0.04	--	0.10	0.02	0.25	0.24	0.27	0.28	0.27	0.25	0.24

Gross Margin %	34.80	35.80	36.70	32.60	32.40	32.00	34.90	33.80	34.40	33.60	35.20	34.40	30.20	34.80	35.00	35.20
Operating Margin %	12.00	13.30	14.00	13.70	14.00	14.40	11.60	2.30	8.10	4.90	7.60	8.00	-0.70	5.10	7.10	7.60
Net Margin %	7.80	9.30	9.60	10.30	10.80	10.80	9.00	3.30	5.90	4.00	7.60	6.20	-2.20	6.30	5.60	7.60

Days Sales Outstanding	75.30	83.50	85.90	76.50	68.60	68.30	71.10	63.00	69.60	74.10	71.70	68.80	69.60	70.40	71.70	71.70
Days Inventory	23.00	22.10	18.60	19.10	18.10	20.00	23.10	22.40	18.60	11.50	10.80	16.40	10.80	11.30	11.30	10.80
Inventory Turnover	15.90	16.50	19.60	19.10	20.10	18.20	15.80	16.30	19.60	31.90	8.40	5.60	8.40	8.10	8.00	8.40

Debt to Revenue	--	--	--	--	--	0.03	--	0.07	0.01	0.14	0.51	0.59	0.56	0.57	0.53	0.51
COGS to Revenue	0.65	0.64	0.63	0.67	0.68	0.68	0.65	0.66	0.66	0.66	0.65	0.66	0.70	0.65	0.65	0.65
Inventory to Revenue	0.04	0.04	0.03	0.04	0.03	0.04	0.04	0.04	0.03	0.02	0.08	0.12	0.08	0.08	0.08	0.08
Interest Exp. to Revenue %	-0.02	0.22	0.29	0.54	0.60	0.35	-0.01	-0.00	-0.09	-0.15	-0.14	-0.09	-0.16	-0.15	-0.19	-0.14

Asset Turnover	1.21	1.14	1.18	1.08	1.05	1.04	0.99	1.04	1.06	1.03	0.28	0.26	0.27	0.27	0.27	0.28
Buyback Ratio	-36.40	--	-27.10	-27.50	-19.00	-16.00	-6.10	-27.60	-7.10	-14.50	-51.70	-5.90	11.30	-6.00	-23.50	-51.70
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue	974	1,056	1,250	1,406	1,632	1,827	1,963	2,038	2,236	2,366	2,426	574	585	598	609	634
Cost of Goods Sold	635	678	792	948	1,103	1,242	1,277	1,348	1,467	1,570	1,605	376	408	390	396	411
Gross Profit	339	378	459	458	529	585	685	690	769	796	821	197	177	208	213	223

Selling, General, &Admin. Expense	177	192	236	207	234	250	366	420	484	544	563	124	133	147	140	143
Earnings Before DDA	162	187	223	251	295	335	320	151	286	234	240	73.35	26.02	60.69	73.52	79.64

Depreciation, Depletion and Amortization	45.82	46.35	47.82	57.39	66.20	71.57	91.29	103	105	118	122	27.23	29.95	30.10	30.42	31.39

Operating Income	117	140	175	193	229	264	229	47.49	181	116	118	46.12	-3.93	30.59	43.09	48.25
Interest Income/Expense	-0.19	2.29	3.64	7.56	9.80	6.46	-0.20	-0.05	-1.98	-3.51	-3.88	-0.49	-0.94	-0.92	-1.15	-0.87
Net Income	76.14	97.95	120	145	176	197	176	68.25	132	94.73	107	35.69	-12.68	37.82	33.90	48.17

Earnings per Share ($)	1.21	1.52	1.88	2.24	2.71	3.08	2.73	1.06	2.16	1.68	1.94	0.60	-0.23	0.69	0.62	0.86
Total Shares Outstanding	63.08	64.64	63.77	64.78	64.82	63.98	64.34	64.47	61.09	56.29	56.31	59.23	54.19	55.20	55.06	56.31
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Cash and cash equivalents	172	178	161	220	319	221	289	377	389	493	430	440	398	441	493	430
Accounts Receivable	201	242	294	295	306	342	382	352	426	480	500	434	447	462	480	500
Inventory	39.93	41.00	40.29	49.63	54.79	68.21	80.93	82.92	74.70	49.27	48.79	67.67	48.37	48.20	49.27	48.79
Other Current Assets	37.48	48.51	51.31	75.52	89.29	106	125	134	197	213	257	211	228	229	213	257
Total Current Assets	450	509	547	640	770	738	878	946	1,087	1,235	1,236	1,152	1,122	1,181	1,235	1,236

Property, Plant and Equipment	284	320	411	500	646	861	922	844	850	891	871	858	859	872	891	871
Intangible Assets	56.88	56.88	61.26	120	105	105	128	128	128	110	110	128	110	110	110	110
Other Long Term Assets	16.48	39.11	37.97	38.33	38.60	48.95	47.62	48.09	43.77	52.50	36.74	60.53	47.14	48.64	52.50	36.74
Total Assets	808	925	1,057	1,298	1,560	1,753	1,975	1,966	2,108	2,288	2,254	2,198	2,137	2,211	2,288	2,254

Accounts Payable	108	127	139	163	194	233	236	268	305	307	249	249	280	306	307	249
Current Portion of Long-Term Debt	--	--	--	--	--	50.00	--	45.00	30.00	320	325	340	330	340	320	325
Other Current Liabilities	82.23	91.92	113	127	164	177	167	186	202	256	241	262	237	234	256	241
Total Current Liabilities	190	219	253	290	358	460	403	499	537	883	815	851	847	880	883	815

Long-Term Debt	--	--	--	--	--	--	--	87.50	--	--	--	--	--	--	--	--
Other Long-Term Liabilities	53.82	67.87	72.10	84.68	91.84	98.44	161	99.05	113	98.58	95.92	109	101	88.32	98.58	95.92
Total Liabilities	244	287	325	374	450	558	564	686	650	981	911	960	948	969	981	911

Common Stock	0.66	0.70	0.72	0.73	0.75	0.75	0.76	0.77	0.78	0.79	0.80	0.79	0.79	0.79	0.79	0.80
Retained Earnings	395	493	613	758	933	1,130	1,305	1,374	1,506	1,601	1,649	1,542	1,529	1,567	1,601	1,649
Additional Paid-In Capital	200	290	351	427	492	552	588	639	690	744	782	702	713	726	744	782
Treasury Stock	-53.42	-188	-246	-274	-340	-473	-478	-734	-743	-1,067	-1,076	-1,027	-1,045	-1,066	-1,067	-1,076
Total Equity	564	638	732	923	1,110	1,195	1,411	1,280	1,458	1,307	1,343	1,239	1,189	1,243	1,307	1,343
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Net Income	76.14	97.95	120	145	176	197	176	68.25	132	94.73	107	35.69	-12.68	37.82	33.90	48.17
Depreciation, Depletion and Amortization	45.82	46.35	47.82	57.39	66.20	71.57	91.29	103	105	118	122	27.23	29.95	30.10	30.42	31.39
Cash Flow from Others	18.21	18.79	14.61	51.78	51.40	17.83	-8.08	163	6.08	47.72	-68.40	-17.49	19.37	2.90	42.94	-134
Cash Flow from Operations	140	163	182	254	294	286	259	334	243	260	161	45.43	36.64	70.83	107	-54.06

Investment for Property, Plant & Equipement	-62.64	-72.89	-153	-137	-201	-319	-131	-126	-135	-152	-152	-29.87	-39.47	-35.86	-46.48	-30.35
Cash Flow from Acquisitions	--	--	-7.11	-75.67	35.20	4.07	-17.72	-20.99	-0.41	--	--	--	0.90	--	-0.90	--
Cash Flow from Investing	-62.60	-93.49	-160	-212	-166	-318	-149	-147	-135	-146	-129	-29.76	-38.59	-31.16	-46.47	-12.88

Net Issuance of Stock	11.80	--	-25.78	11.87	-32.93	-101	5.85	-238	0.52	-310	-11.86	-282	-16.69	-18.08	6.66	16.26
Net Issuance of Debt	--	-73.41	--	--	--	50.00	-55.43	133	-103	290	-15.00	310	-10.00	10.00	-20.00	5.00
Other Financing	--	--	--	--	--	--	-0.00	--	0.00	--	--	--	--	--	--	--
Cash Flow from Financing	11.80	-73.41	-25.78	11.87	-32.93	-51.41	-49.58	-105	-102	-20.00	-26.86	28.11	-26.69	-8.08	-13.34	21.26

Net Change in Cash	95.69	6.11	-17.00	59.09	99.68	-98.15	68.14	87.75	11.88	104	-9.91	50.65	-41.93	43.54	51.45	-62.98

Free Cash Flow	77.53	90.20	28.91	117	92.49	-32.77	128	208	109	108	8.51	15.56	-2.83	34.97	60.78	-84.41
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

PE Ratio(ttm)
Price to Tangible Book
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Peter Lynch Fair Value (per share)
Graham Number (per share)
Altman Z-Score
Piotroski F-Score
Beneish M-Score

Switch to Another Stock:

CVD Quarterly/Annuals Reports

CVD: 10-Q - COVANCE INC (0001023131) (Filer): (10-Q) - 2012-11-08
CVD: 10-Q - COVANCE INC (0001023131) (Filer): (10-Q) - 2012-08-03
CVD: 10-Q - COVANCE INC (0001023131) (Filer): (10-Q) - 2012-05-04
CVD: 10-K - COVANCE INC (0001023131) (Filer): (10-K) - 2012-02-28
CVD: 10-Q - COVANCE INC (0001023131) (Filer): (10-Q) - 2011-11-04

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names

Home About Jobs Advertise Site Map Term of Use Privacy Policy RSS Email Alerts Affiliate Program FAQ Contact Us
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.

FocusBar

Home

Premium Membership

Value Screens

Model Portfolios

Guru Stocks

Market Valuation

By Country

Articles

Submit Articles

CVD Quarterly/Annuals Reports