VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES INC
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Financials
SEC XBRL · annual| FY10 | FY09 | FY08 | |
|---|---|---|---|
| Revenue | $831.8M | $362.1M | $834.1M |
| Operating income | $187.1M | −$42.7M | $152.2M |
| Net income | $159.6M | −$38.0M | $99.5M |
| Total assets | $942.2M | $666.2M | — |
| Total liabilities | $244.2M | $150.6M | — |
| Equity | $698.0M | $515.6M | $520.2M |
| EPS (diluted) | $2.12 | $-0.52 | $1.32 |
| Shares out. | 74.0M | 72.8M | 75.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2010- Operating margin
- 22.5%
- Net margin
- 19.2%
- Return on equity
- 22.9%
- Return on assets
- 16.9%
- Return on capital (ROCE)
- 24.0%
- Liabilities / assets
- 25.9%
- Debt / equity
- 0.35×
- Book value / share
- $9.43
- Revenue growth (YoY)
- 129.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2010- Altman Z″ (distress)
- 11.13safe
- Accruals / assets
- 7.4%moderate
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 6 good- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Dickerson Gary EOfficer — Chief Executive Officer | Nov 10, 2011 | Option exercise | 2,285 | $46.65 |
| Kim Yong KilOfficer — EVP, General Mgr, Asia Ops | Nov 10, 2011 | Option exercise | 977 | $23.77 |
| Baker Thomas COfficer — Vice President Finance | Nov 10, 2011 | Option exercise | 250 | $18.42 |
| Halliday Robert JOfficer — EVP and CFO | Nov 10, 2011 | Option exercise | 469 | $30.08 |
| Perlmutter Robert JOfficer — EVP Implant Bus Unit | Nov 10, 2011 | Option exercise | 140 | $30.08 |
| Rosen Gary JOfficer — Vice President Engineering | Nov 10, 2011 | Option exercise | 125 | $30.08 |
| Dickerson Gary EOfficer — Chief Executive Officer | Nov 11, 2011 | D | 68,101 | $63.00 |
| Kim Yong KilOfficer — EVP, General Mgr, Asia Ops | Nov 11, 2011 | D | 23,165 | $63.00 |
| Tsai Bin-Ming BenDirector | Nov 10, 2011 | D | 5,428 | $63.00 |
| Schmal DennisDirector | Nov 10, 2011 | D | 5,428 | $63.00 |
| Dutton Robert WDirector | Nov 10, 2011 | D | 5,428 | $63.00 |
| Chen XunDirector | Nov 10, 2011 | D | 5,428 | $63.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Amended charter or bylawsNov 17, 2011
- Other material eventNov 7, 2011
- Other material eventOct 19, 2011
- Shareholder vote · Other material eventAug 12, 2011
- Results of operationsJul 28, 2011
- Regulation FD disclosure · Other material eventJul 20, 2011
- Other material eventJun 17, 2011
- Other material eventJun 13, 2011
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13G/AVSEA AS OF 12/31/11Feb 13, 2012
- 15-12GFORM 15Nov 21, 2011
- 8-KFORM 8-KNov 17, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
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- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
- 4PRIMARY DOCUMENTNov 15, 2011
Event-driven situations (2)
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