Skip to Content

Dentsply Sirona Inc XRAY

Morningstar Rating
$25.57 +0.12 (0.47%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Challenging Market Environment in North America and Europe Damps Dentsply's Start to the Year

Dentsply Sirona is one of the world’s largest manufacturers of dental equipment and supplies. It has a strong presence in dental CAD/CAM (computer-aided design/computer-aided manufacturing) and has long reaped the benefits as a first-mover in the space. However lucrative economics and rising appetite for cosmetic procedures has attracted a large number of competitors over the last decade and put the company on a defensive footing. To adopt and compete in an increasingly fragmented market, Dentsply Sirona has invested more into its CEREC system, the firm’s flagship chairside workflow solutions. Since 2019, it has launched a new scanner, milling machine, 3D printer, as well as a new cloud solution that integrates different parts of the workflow together. The firm also recently expanded its partnership with 3Shape, an intraoral scanner and dental CAD/CAM software manufacturer, by allowing scans from 3Shape’s Trios scanner to be integrated with Dentsply Sirona’s workflow. We appreciate this strategic move because CEREC has historically been a closed system and we believe opening up its workflow could expand Dentsply Sirona’s end markets and allow doctors who use third-party equipment to adopt the firm’s offerings more easily.

Price vs Fair Value

XRAY is trading at a 442% premium.
Price
$25.57
Fair Value
$17.00
Uncertainty
Medium
1-Star Price
$51.85
5-Star Price
$13.40
Economic Moat
Ysm
Capital Allocation
Gjqxfrk

Bulls Say, Bears Say

Bulls

Expertise and leadership in digital dentistry positions the firm well to enjoy tailwinds as more doctors move away from dental labs and adopt chairside solutions.

Bears

Dentsply Sirona’s CAD/CAM products mainly play in the premium category and a wide adoption of digital dental solutions has led to more affordable options on the market, making the space more fragmented and competitive.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if XRAY is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$25.45
Day Range
$25.5226.01
52-Week Range
$25.2641.65
Bid/Ask
$23.50 / $34.35
Market Cap
$5.31 Bil
Volume/Avg
2.3 Mil / 3.5 Mil

Key Statistics

Price/Earnings (Normalized)
13.75
Price/Sales
1.37
Dividend Yield (Trailing)
2.27%
Dividend Yield (Forward)
2.50%
Total Yield
5.09%

Company Profile

Dentsply Sirona is one of the world’s largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (manufactured dental consumables and lab products) and Sirona Dental Systems (manufactured technologically-advanced dental equipment). The firm’s wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology and equipment through third-party distributors and the remaining portfolio is either sold to labs and offices through the firm’s salesforce or directly to consumers (such as Byte clear aligner).
Sector
Healthcare
Industry
Medical Instruments & Supplies
Stock Style Box
Small Value
Total Number of Employees
15,000

Competitors

Valuation

Metric
XRAY
STMN
ALGN
Price/Earnings (Normalized)
13.7537.6226.58
Price/Book Value
1.639.414.75
Price/Sales
1.377.174.61
Price/Cash Flow
11.2629.8721.65
Price/Earnings
XRAY
STMN
ALGN

Financial Strength

Metric
XRAY
STMN
ALGN
Quick Ratio
0.711.341.02
Current Ratio
1.431.951.23
Interest Coverage
−0.4519.50
Quick Ratio
XRAY
STMN
ALGN

Profitability

Metric
XRAY
STMN
ALGN
Return on Assets (Normalized)
5.31%13.05%11.78%
Return on Equity (Normalized)
11.38%23.67%19.68%
Return on Invested Capital (Normalized)
8.02%18.17%18.66%
Return on Assets
XRAY
STMN
ALGN
See how this stock stacks up to its competitors with Morningstar Investor

Medical Instruments & Supplies Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Intuitive Surgical Inc
ISRG
JvjvxfvtvSshq$152.2 Bil
Becton Dickinson & Co
BDX
YyklbzwhFgjtjpj$68.2 Bil
Alcon Inc
ALC
PxbzlmypBljtm$44.5 Bil
Coloplast A/S ADR
CLPBY
MjkxwkmzgQpqp$27.3 Bil
ResMed Inc
RMD
KhjgkhpgbVxhzrwp$26.8 Bil
West Pharmaceutical Services Inc
WST
NxtsyjlllbMwys$24.2 Bil
The Cooper Companies Inc
COO
ZgkbskfcCpnjm$17.9 Bil
Baxter International Inc
BAX
TzlqcncjZhkhtrr$17.4 Bil
Hologic Inc
HOLX
VwxzrymkFggjlfz$16.9 Bil
AptarGroup Inc
ATR
GcydjhcMtgkr$9.7 Bil

Sponsor Center