National Vision Holdings Inc. (EYE) exhibits 45.0% gross margins and 4.4% return on invested capital within Health Care (Ophthalmic Goods), balanced against a 12.4x enterprise multiple and 4.8% implied options volatility.
Sustained 45.0% gross profitability converts into 3.0% operating margin and 4.4% ROIC, outpacing sector cost of capital.
ROIC: 4.4% // GM: 45.0%YoY revenue trajectory of +9.0% paired with 5.58% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +9.0% // FCF YLD: 5.58%Altman Z-Score of 3.80 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 3.80 // F-SCORE: 7/9Trading at 44.4x trailing P/E (41.3x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 44.4x // EV/EBITDA: 12.4xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $16.64 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Ophthalmic Goods require continuous execution to defend 1.5% net margins.
NET MARGIN: 1.5% // D/E: 0.26x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for EYE & activate live FRED threshold breach alerts.