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BFLY

Butterfly Network NYSE:BFLY Stock Report

Last Price

US$3.07

Market Cap

US$610.8m

7D

-2.5%

1Y

-78.5%

Updated

28 Jun, 2022

Data

Company Financials +
BFLY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

BFLY Stock Overview

Butterfly Network, Inc., a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally.

Butterfly Network Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Butterfly Network
Historical stock prices
Current Share PriceUS$3.07
52 Week HighUS$14.71
52 Week LowUS$2.31
Beta0
1 Month Change-4.06%
3 Month Change-36.57%
1 Year Change-78.47%
3 Year Changen/a
5 Year Changen/a
Change since IPO-68.99%

Recent News & Updates

Shareholder Returns

BFLYUS Medical EquipmentUS Market
7D-2.5%3.5%1.7%
1Y-78.5%-25.7%-20.4%

Return vs Industry: BFLY underperformed the US Medical Equipment industry which returned -24% over the past year.

Return vs Market: BFLY underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is BFLY's price volatile compared to industry and market?
BFLY volatility
BFLY Average Weekly Movement12.1%
Medical Equipment Industry Average Movement10.4%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: BFLY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: BFLY's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011463Todd Fruchtermanhttps://www.butterflynetwork.com

Butterfly Network, Inc., a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system’s clinical and administrative infrastructure. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions, to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel.

Butterfly Network Fundamentals Summary

How do Butterfly Network's earnings and revenue compare to its market cap?
BFLY fundamental statistics
Market CapUS$610.80m
Earnings (TTM)-US$76.20m
Revenue (TTM)US$65.70m

9.3x

P/S Ratio

-8.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BFLY income statement (TTM)
RevenueUS$65.70m
Cost of RevenueUS$32.17m
Gross ProfitUS$33.53m
Other ExpensesUS$109.72m
Earnings-US$76.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.38
Gross Margin51.03%
Net Profit Margin-115.98%
Debt/Equity Ratio0%

How did BFLY perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BFLY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BFLY?

Other financial metrics that can be useful for relative valuation.

BFLY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.3x
Enterprise Value/EBITDA-1.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BFLY's PS Ratio compare to its peers?

BFLY PS Ratio vs Peers
The above table shows the PS ratio for BFLY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.2x
ATEC Alphatec Holdings
2.6x18.1%US$693.0m
ANGO AngioDynamics
2.4x8.1%US$746.1m
CUTR Cutera
3.1x27.9%US$760.7m
HLTH Cue Health
0.7x7.2%US$504.3m
BFLY Butterfly Network
9.3x29.8%US$610.8m

Price-To-Sales vs Peers: BFLY is expensive based on its Price-To-Sales Ratio (9.3x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does BFLY's PE Ratio compare vs other companies in the US Medical Equipment Industry?

Price-To-Sales vs Industry: BFLY is expensive based on its Price-To-Sales Ratio (9.3x) compared to the US Medical Equipment industry average (4x)


Price to Sales Ratio vs Fair Ratio

What is BFLY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BFLY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.3x
Fair PS Ratio5.6x

Price-To-Sales vs Fair Ratio: BFLY is expensive based on its Price-To-Sales Ratio (9.3x) compared to the estimated Fair Price-To-Sales Ratio (5.6x).


Share Price vs Fair Value

What is the Fair Price of BFLY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BFLY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BFLY's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BFLY's PEG Ratio to determine if it is good value.


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Future Growth

How is Butterfly Network forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


29.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BFLY's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if BFLY's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if BFLY's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BFLY's revenue (29.8% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: BFLY's revenue (29.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BFLY's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Butterfly Network performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BFLY is currently unprofitable.

Growing Profit Margin: BFLY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BFLY is unprofitable, but has reduced losses over the past 5 years at a rate of 5.2% per year.

Accelerating Growth: Unable to compare BFLY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BFLY is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (12.9%).


Return on Equity

High ROE: BFLY has a negative Return on Equity (-18.46%), as it is currently unprofitable.


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Financial Health

How is Butterfly Network's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BFLY's short term assets ($474.3M) exceed its short term liabilities ($50.7M).

Long Term Liabilities: BFLY's short term assets ($474.3M) exceed its long term liabilities ($72.0M).


Debt to Equity History and Analysis

Debt Level: BFLY is debt free.

Reducing Debt: BFLY had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BFLY has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BFLY has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 27.8% each year.


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Dividend

What is Butterfly Network current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BFLY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BFLY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BFLY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BFLY's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BFLY has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Todd Fruchterman (51 yo)

1.33yrs

Tenure

US$34,878,727

Compensation

Dr. Todd M. Fruchterman, M.D, Ph D., serves as Independent Director at Spindletop Health Acquisition Corp. since November 8, 2021. He has been the Chief Executive Officer and President of Butterfly Network...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD34.88M) is above average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Insufficient data to compare Todd's compensation with company performance.


Leadership Team

Experienced Management: BFLY's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: BFLY's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BFLY insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.


Top Shareholders

Company Information

Butterfly Network, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Butterfly Network, Inc.
  • Ticker: BFLY
  • Exchange: NYSE
  • Founded: 2011
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Implied Market Cap: US$610.797m
  • Shares outstanding: 198.96m
  • Website: https://www.butterflynetwork.com

Number of Employees


Location

  • Butterfly Network, Inc.
  • 530 Old Whitfield Street
  • Guilford
  • Connecticut
  • 6437
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.