0.03 | 0.71%
ACTIVE POWER INC's gross profit margin for the first quarter of its fiscal year 2013 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. ACTIVE POWER INC has strong liquidity. Currently, the Quick Ratio is 1.70 which shows the ability to cover short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.25% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 18.61 | 19.8 |
| EBITDA ($mil) | 0.08 | -0.82 |
| EBIT ($mil) | -0.18 | -1.07 |
| Net Income ($mil) | -0.27 | -1.15 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 15.18 | 19.44 |
| Total Assets ($mil) | 45.9 | 47.89 |
| Total Debt ($mil) | 5.54 | 5.54 |
| Equity ($mil) | 25.91 | 25.59 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 30.97 | 28.08 |
| EBITDA Margin | 0.42 | -4.14 |
| Operating Margin | -0.98 | -5.41 |
| Sales Turnover | 1.64 | 1.63 |
| Return on Assets | -2.28 | -14.98 |
| Return on Equity | -4.04 | -28.03 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 2.25 | 2.06 |
| Debt/Capital | 0.18 | 0.18 |
| Interest Expense | 0.08 | 0.11 |
| Interest Coverage | -2.23 | -9.4 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 19.24 | 19.05 |
| Div / share | 0.0 | 0.0 |
| EPS | -0.01 | -0.05 |
| Book value / share | 1.35 | 1.34 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 51014.0 | 83220.0 |
HOLD. This stock?s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. To use another comparison, its price-to-book ratio of 3.25 indicates a premium versus the S&P 500 average of 2.42 and a discount versus the industry average of 3.44. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. After reviewing these and other key valuation criteria, ACTIVE POWER INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ACPW NM | Peers 26.75 | ACPW NM | Peers 17.75 | |||||||||||||||||||||
|
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. ACPW'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. ACPW's P/CF is negative making the measure meaningless. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
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| ACPW 13.04 | Peers 24.45 | ACPW NA | Peers 1.07 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. ACPW 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. |
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| Price/Book |
|
Earnings Growth |
|
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| ACPW 3.25 | Peers 3.44 | ACPW 93.34 | Peers 1.09 | |||||||||||||||||||||
|
Average. 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. ACPW is trading at a valuation on par with its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ACPW is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
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| ACPW 1.12 | Peers 2.13 | ACPW -3.63 | Peers 4.40 | |||||||||||||||||||||
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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. ACPW 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. ACPW significantly trails its peers on the basis of sales growth |
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