USANA Health Sciences, Inc

8/4/2019 USANA Health Sciences, Inc

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USANAHealthSciences,Inc.

SummaryDueDiligenceReport

2009-10-16

USANA Health Sciences, Inc. is a below average quality company witha positive outlook. USANA Health Sciences, Inc. has medium businessgrowth and is run by inefficient management. When compared to itsclosest peer, Alberto-Culver Company, USANA Health Sciences, Inc.shows similar overvaluation and is equally likely to underperform themarket.

Highlights

ThisreportcontainsasummaryofSADIF'sStockMarkratingsfor

USANAHealthSciences,Inc.asof2009-10-15.Thereportisdividedintothreesections

Section1-BasicAnalysis(Pg1,2)

-CompanyProfile-StockMarksRatings-PriceComparison-SectorComparison

-TrendAnalysis-PeerAnalysis

Section2-AdvancedAnalysis(Pg3,4)

-ExtendedPeerList-OverallRatingTrends-BusinessRating-ManagementRating-PriceRating

Section3-ExtendedAnalysis(Pg5,6,7)

-IndexComparison-ClosestPeerComparison-OutperformanceRating-RiskRating-TopListStatistics-ResearchReports

Marques Mendes & Associados Ltd.Rua Domingos F. Pinto Basto, 17 3830-176 Ilhavo, Portugal, Ph: (+351) 234 322 037

Price StockMark (SMP) Shorter term rating of the attractiveness of a company's current price, taking into account several financial indicators, as well asmovements in the overall market.

Total StockMark (SMT) The overall long term investment attractiveness of a company based on a combined three dimensional analysis of the three sub-ratings: Business, Management and Price.

Business StockMark (SMB) The quality of a company's business based on analysis of its growth rates both within its industry and the overall market.

Management StockMark (SMM) The quality of a company's management based on analysis of management effectiveness in transforming gross marginsinto earnings per share.

Classical StockMark (SMC) Short-medium term attractiveness rating combining SMT and SMP.

Volatility StockMark (SMV) Risk of the stock based on numerous historical analyses of stock price and market correlation.

Outperformance StockMark (SMO) The likelihood of a stock to outperform the market based on the valuation of the company, the SMV and the SMT.

The StockMarks Ratings


2/8009MarquesMendes&AssociadosLda(MM&A).AllRightsReserved.Thisreportisforinformationpurposesonlyandisnotasolicitationoradvicetobuyellanysecurity.Forafulldisclaimerrefertohttp://sadifanalytics.com

Page 1

BasicAnalysis

Company Profile

USNA USANA Health Sciences, Inc.Non-Cyclical Consumer

Goods & ServicesPersonal Products NASDAQ

Ticker Company Sector Industry Exchange

Data as of Market Close:

2009-10-15

Current Stock Price:

52-Week Range

Market Capitalization:

EPS: 1.7920

36.620 568.8990

17.72 - 44.50

Company StockMark Rating

39 35 51 24 43 35 31

Total Classical Business Management Price Volatility Outperformance

Total StockMark Index

DueDiligenceReport:2009-10-16


The chart above shows the evolution of the companys Total StockMark for comparison to the movements in its share priceover the rated period. Both indicators are displayed as indexes for easier comparison. This chart allows users to spot andtake advantage of any disparities between the movements of the two indicators.



Page 2

Peer Analysis

Sector Comparison

The chart above compares the movements of the companys Total StockMark with the average SMT of its sector in itshome country. Although the average of all rated stocks in the country is 50, sector averages can vary greatly. This chart isuseful for selecting specific stocks for investment within a target sector.

This bar chart shows the trends in the companys variousStockMarks.

This bar chart allows comparison of the company to twoof its closest peers.

Trend Analysis



Page 3

The chart above shows the SMT and the movements in its three sub ratings StockMark (SMB), Management StockMark(SMM) and Price StockMark (SMP). The chart allows users to determine the cause of shifts in the overall rating and gaugethe relative importance of each sub-rating in determining the SMT.

Peer 6 FACE Physicians Formula Holdings, Inc 43 54 53 26

Peer 5 EL The Estee Lauder Companies Inc 39 39 47 40

Peer 7 AVP Avon Products, Inc. 42 48 31 44

Peer 9 PARL Parlux Fragrances, Inc. 49 52 67 28

Peer 8 CAW CCA Industries, Inc. 24 28 49 29

Peer 10 BARE Bare Escentuals, Inc. 59 76 24 47

Company USNA USANA Health Sciences, Inc. 39 51 24 43

Peer 4 IPAR Inter Parfums, Inc. 49 61 42 33

Peer 1 ACV Alberto-Culver Company 33 40 40 35

Peer 3 CL Colgate-Palmolive Company 40 51 24 45

Peer 2 UG United-Guardian, Inc. 26 36 24 43

Ticker Company SMT SMB SMM SMPThis is an extended listof the companys peers.Peers are selected onthe basis of similarity ofbusiness and marketpositioning factors suchas size.

AdvancedAnalysis

DueDiligenceReport


StockMarks Sub-Ratings



Page 4

The Price StockMark

measures theattractiveness of acompanys stock to longinvestors at its currentprice. Values over 50indicate that the stock isundervalued for suchinvestors, while a ratingbelow 50 suggests thatthe stock is overpriced.

The BusinessStockMark is based othree-dimensionalanalysis of long termmeasures such asaverage operatingmargin and revenuegrowth. The saleselasticity indicatorcompares thecompanys growth toother companies in itsindustry

The ManagementStockMark measuresthe ability of acompanysmanagement totransform grossmargins into earningsper share. It is based onex-post indicators suchas earnings growth.

Business StockMark

Management StockMark

Price StockMark



Page 5

The chart above allows comparison of both movements in price and the Total StockMark rating between the company andits closest peer. The rating is displayed in absolute values here to enable the user to compare the two companies atdifferent points in time rather than simply the trend.

The chart to the right compares the company to the market index. Although 50 is the average rating for the country overall,the average of the representative market index will fluctuate over time due to the limited number of companies composingthe index.

ExtendedAnalysis

DueDiligenceReport


Market Index Comparison

Peer Price Analysis



Page 6

The chart to the leftshows the movementsof the company's PriceStockMark expressedas an index comparedto the company's shareprice over the ratedperiod. This chart isuseful for assessing therelationship betweenthe Price StockMarkand the share price.

The chart to the rightshows the movementsin the companysVolatility StockMarkover the rated periodexpressed as an indexcompared to the shareprice.

The momentum chart

shows the movementsof the OutperformanceStockMark over theperiod. This ratingmeasures the likelihoodof the stock tooutperform the market

Price StockMark Analysis

Volatility StockMark Analysis

Outperformance StockMark Analysis


8/8009MarquesMendes&AssociadosLda(MM&A).AllRightsReserved.Thisreportisforinformationpurposesonlyandisnotasolicitationoradvicetobuyll i F f ll di l i f h // dif l i

Page 7

The chart to the leftshows the number oftimes that the companyhas appeared in thedaily top/bottom 10 listsfor each rating since thecompany was firstrated.

The chart to the rightshows the number oftimes the company hasappeared in the dailyand monthly biggestmover lists for the TotalStockMark.

This table shows any featured company reports available from SADIF for the specified company. Featured companyreports are written by an analyst and take into account recent events when analyzing companies within the StockMarksframework. The reports can be downloaded from the SADIF website.

Featured Company Reports

Report Title Date

Top/Bottom Lists

Biggest Movers Lists

Documents

USANA Health Sciences, Inc