Covetrus, Inc.

NasdaqGM:CVET Stock Report

Market Cap: US$2.9b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Covetrus Management

Management criteria checks 2/4

Key information

Ben Wolin

Chief executive officer

US$6.5m

Total compensation

CEO salary percentage15.3%
CEO tenure3yrs
CEO ownershipn/a
Management average tenure1.2yrs
Board average tenure3.7yrs

Recent management updates

Recent updates

Covetrus GAAP EPS of -$0.03 misses by $0.06, revenue of $1.22B in-line

Aug 04

Clayton, Dubilier & Rice/TPG Are Not Offering Fair Value To Covetrus Shareholders

Jun 02

Covetrus, Inc.'s (NASDAQ:CVET) Intrinsic Value Is Potentially 98% Above Its Share Price

May 02
Covetrus, Inc.'s (NASDAQ:CVET) Intrinsic Value Is Potentially 98% Above Its Share Price

Are Investors Undervaluing Covetrus, Inc. (NASDAQ:CVET) By 40%?

Jan 07
Are Investors Undervaluing Covetrus, Inc. (NASDAQ:CVET) By 40%?

We Think Covetrus (NASDAQ:CVET) Has A Fair Chunk Of Debt

Oct 21
We Think Covetrus (NASDAQ:CVET) Has A Fair Chunk Of Debt

An Intrinsic Calculation For Covetrus, Inc. (NASDAQ:CVET) Suggests It's 37% Undervalued

Sep 16
An Intrinsic Calculation For Covetrus, Inc. (NASDAQ:CVET) Suggests It's 37% Undervalued

Estimating The Intrinsic Value Of Covetrus, Inc. (NASDAQ:CVET)

May 31
Estimating The Intrinsic Value Of Covetrus, Inc. (NASDAQ:CVET)

Covetrus, Inc. 2021 Q1 - Results - Earnings Call Presentation

May 07

Is Covetrus (NASDAQ:CVET) Using Too Much Debt?

May 05
Is Covetrus (NASDAQ:CVET) Using Too Much Debt?

Covetrus, Inc.: Well Positioned To Enjoy Market Crosscurrents

Apr 30

Who Has Been Selling Covetrus, Inc. (NASDAQ:CVET) Shares?

Feb 26
Who Has Been Selling Covetrus, Inc. (NASDAQ:CVET) Shares?

We Think Covetrus (NASDAQ:CVET) Has A Fair Chunk Of Debt

Jan 22
We Think Covetrus (NASDAQ:CVET) Has A Fair Chunk Of Debt

Covetrus reports Q4 net sales of prescription management business

Jan 13

Covetrus (NASDAQ:CVET) Shareholders Have Enjoyed An Impressive 106% Share Price Gain

Dec 18
Covetrus (NASDAQ:CVET) Shareholders Have Enjoyed An Impressive 106% Share Price Gain

Covetrus, Inc. 2020 Q3 - Results - Earnings Call Presentation

Nov 12

Covetrus Q3 2020 Earnings Preview

Nov 09

CEO Compensation Analysis

How has Ben Wolin's remuneration changed compared to Covetrus's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2022n/an/a

-US$13m

Mar 31 2022n/an/a

-US$40m

Dec 31 2021US$7mUS$1m

-US$54m

Sep 30 2021n/an/a

-US$56m

Jun 30 2021n/an/a

-US$90m

Mar 31 2021n/an/a

-US$13m

Dec 31 2020US$4mUS$898k

-US$26m

Sep 30 2020n/an/a

-US$19m

Jun 30 2020n/an/a

-US$940m

Mar 31 2020n/an/a

-US$996m

Dec 31 2019US$5mUS$165k

-US$980m

Compensation vs Market: Ben's total compensation ($USD6.52M) is about average for companies of similar size in the US market ($USD6.91M).

Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.

CEO

Ben Wolin (46 yo)

3yrs

Tenure

US$6,518,724

Compensation

Mr. Benjamin Wolin, also known as Ben, serves as Director at Apploi Corp. and Apploi Holdings Inc. He serves as President and Chief Executive Officer since March 20, 2020 and served as Acting Chief Executi...

Leadership Team

NamePositionTenureCompensationOwnership
Benjamin Wolin
President3yrsUS$6.52mno data
Matthew Foulston
Executive VP & Global CFO2.3yrsUS$2.52m0%
$ 0
Georgina Wraight
Executive VP & President of Global Technology Solutionsless than a yearUS$1.76m0%
$ 0
Matthew Malenfant
Chief Commercial Officer2.4yrsUS$2.73m0%
$ 0
Rebecca Kidd
Head of Operations & Operational Excellence1.1yrsno datano data
Andrew Coxhead
VP, Corporate Controller & Chief Accounting Officer1.2yrsno datano data
Nicholas Jansen
Vice President of Investor Relationsno datano datano data
Margie Pritchard
General Counsel & Corporate Secretaryless than a yearno datano data
Cameron Foster
Senior Vice President of Strategy & Corporate Developmentless than a yearno datano data
Michelle Bonfilio
Chief People Officerless than a yearno datano data
Russell Cooke
Senior VP & Operational CFO3.7yrsno datano data
Deborah Sharkey
Chief Consumer Officer1.7yrsno datano data

1.2yrs

Average Tenure

53yo

Average Age

Experienced Management: CVET's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Benjamin Wolin
President3.7yrsUS$6.52mno data
Deborah Ellinger
Independent Director3.7yrsUS$312.50k0%
$ 0
Philip Laskawy
Independent Chairman & Lead Independent Director3.7yrsUS$382.50k0%
$ 0
Sandra Helton
Independent Director3.7yrsUS$322.50k0%
$ 0
Sharon Wienbar
Independent Director2.4yrsUS$312.50kno data
Steven Paladino
Director4.5yrsUS$285.00k0%
$ 0
Mark Manoff
Independent Director3.7yrsUS$307.50k0%
$ 0
Sandra Peterson
Independent Director2.3yrsUS$296.08k0%
$ 0
Ravi Sachdev
Independent Director3.7yrsUS$293.75k0%
$ 0
Edward McNamara
Independent Director3.7yrsUS$325.00k0%
$ 0
Paul Fonteyne
Independent Director1.4yrsUS$262.50k0%
$ 0

3.7yrs

Average Tenure

63yo

Average Age

Experienced Board: CVET's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/10/16 09:03
End of Day Share Price 2022/10/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Covetrus, Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Robert EichCleveland Research Company
Erin Wilson WrightCredit Suisse