The luring statistics of this names: Valvoline Inc. (NYSE: VVV)

On 09 Jan 2020, Valvoline Inc. (NYSE: VVV) stock observed trading -11.51% off 52-week high price. On the other end, the stock has been noted 25.15% away from low price over the last 52-weeks. The stock disclosed a move of -4.36% away from 50 day moving average and 2.47% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.48% off 20-day moving average.

Valvoline Inc. (VVV) recently stated financial results for its fourth quarter and fiscal year ended September 30, 2019.

Fourth-Quarter Results

Stated fourth-quarter 2019 net income and EPS were $27M and $0.14, respectively, contrast to stated fourth-quarter 2018 net income and EPS of $45M and $0.23, respectively. Fourth-quarter 2019 adjusted net income and adjusted EPS were $75M and $0.40, respectively, contrast to adjusted net income of $65M and adjusted EPS of $0.34 in the prior-year period. Stated and adjusted net income and EPS for the current quarter and the year included a discrete tax benefit of about $4M or $0.02 per diluted share.

Fourth-quarter 2019 adjusted, after-tax results exclude $50M ($0.27 per diluted share) related to mark-to-market pension and other post-employment (OPEB) remeasurement impacts and $2M ($0.01 per diluted share) of restructuring and related expenses partially offset by a $4M ($0.02 per diluted share) acquisition-related bargain purchase gain. (For a full reconciliation of adjusted results, see table 7.) Fourth-quarter adjusted EBITDA of $129M increased 7 percent versus the prior-year period.

Effective Oct. 1, 2018, the company adopted the new revenue recognition accounting standard. The adoption primarily resulted in a reclassification of certain items within the company’s income statement and for the fourth quarter had no impact on net earnings or on cash flow from operations. Fourth-quarter 2019 results contrast to the prior-year period included increases of about $16M in sales and $17M in cost of sales, as well as decreases of $1M in SG&A expenses. Not Including these impacts, sales would have increased 3 percent, cost of sales would have increased 1 percent, and SG&A, not including restructuring and related expenses, would have increased 12 percent.

Balance Sheet, Cash Flow and Effective Tax Rate

Total debt of about $1.3B and net debt of about $1.2B

Full-year cash flow from operations of $325M; free cash flow of $217M

Effective tax rate of 3.6% and 21.5% for the quarter and full-year, respectively, benefiting from favorable discrete tax items

Fiscal 2019 Review and 2020 Outlook

Adjusted EBITDA grew 3% to $478M, despite important market headwinds, particularly in Core North America

Record SSS growth of 10.1%, reflecting the 13th consecutive year of increases

Added 143 net new stores, including 28 newly-opened company-owned stores

Strong free cash flow of $217M, despite a $15M increase in capital expenditures

The USA based company Valvoline Inc. moved with change of -0.24% to $21.15 with the total traded volume of 1085907 shares in recent session versus to an average volume of 917.24K. VVV’s shares are at -1.63% for the quarter and driving a 2.82% return over the course of the past year and is now at -1.21% since this point in 2018.  Right now, the stock beta is 0.89. The average volatility for the week and month was at 1.46% and 1.62% respectively. There are 189.16M shares outstanding and 187.73M shares are floated in market.


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