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TheStreet Open House
Atlantic Coast Financial Corp
ACFC : NASDAQ : Financial
$3.97 -0.03 | -0.75%
Today's Range: 3.94 - 3.97
Avg. Daily Volume: 16,600
09/22/14 - 2:20 PM ET

Financial Analysis


ATLANTIC COAST FINANCIAL CP's gross profit margin for the second quarter of its fiscal year 2014 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased.

At the same time, stockholders' equity ("net worth") has greatly increased by 125.78% from the same quarter last year.

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Income Statement Q2 FY14 Q2 FY13
Net Sales ($mil)8.519.12
EBITDA ($mil)2.432.08
EBIT ($mil)2.281.92
Net Income ($mil)0.23-1.55


Balance Sheet Q2 FY14 Q2 FY13
Cash & Equiv. ($mil)32.7177.96
Total Assets ($mil)710.09742.19
Total Debt ($mil)191.3202.8
Equity ($mil)70.3731.17


Profitability Q2 FY14 Q2 FY13
Gross Profit Margin65.351.46
EBITDA Margin28.5822.85
Operating Margin26.7521.04
Sales Turnover0.050.05
Return on Assets-1.03-0.74
Return on Equity-10.49-17.82
Debt Q2 FY14 Q2 FY13
Current Ratio0.00.0
Debt/Capital0.730.87
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q2 FY14 Q2 FY13
Shares outstanding (mil)15.432.55
Div / share0.00.0
EPS0.02-0.62
Book value / share4.5612.25
Institutional Own % n/a n/a
Avg Daily Volume16777.023058.0

Valuation


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 0.86 indicates a significant discount versus the S&P 500 average of 2.76 and a discount versus the industry average of 1.53. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount. After reviewing these and other key valuation criteria, ATLANTIC COAST FINANCIAL CP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
ACFC NM Peers 25.50   ACFC NM Peers 16.60

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

ACFC's P/E is negative making this valuation measure meaningless.

 

Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

ACFC's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
ACFC 15.68 Peers 23.59   ACFC NA Peers 3.05

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

ACFC is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ACFC 0.86 Peers 1.53   ACFC 36.66 Peers 20.14

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

ACFC is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

ACFC is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ACFC 1.80 Peers 4.38   ACFC -17.11 Peers 12.00

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

ACFC is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

ACFC significantly trails its peers on the basis of sales growth

 

 

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