American Superconductor Corporation
Find Ratings ReportsAMERICAN SUPERCONDUCTOR CP's gross profit margin for the third quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing revenue growth, but not when comparing net income growth. AMERICAN SUPERCONDUCTOR CP has weak liquidity. Currently, the Quick Ratio is 0.64 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 8.80% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 39.35 | 23.88 |
EBITDA ($mil) | 0.54 | -8.12 |
EBIT ($mil) | -0.59 | -9.43 |
Net Income ($mil) | -1.65 | -9.58 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 24.65 | 30.33 |
Total Assets ($mil) | 166.34 | 165.07 |
Total Debt ($mil) | 2.58 | 3.3 |
Equity ($mil) | 79.53 | 87.21 |
Profitability | Q3 FY23 | Q3 FY22 |
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Gross Profit Margin | 26.86 | 4.74 |
EBITDA Margin | 1.36 | -34.01 |
Operating Margin | -1.49 | -39.48 |
Sales Turnover | 0.81 | 0.62 |
Return on Assets | -9.86 | -20.11 |
Return on Equity | -20.63 | -38.07 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 1.29 | 1.38 |
Debt/Capital | 0.03 | 0.04 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 30.74 | 29.53 |
Div / share | 0.0 | 0.0 |
EPS | -0.06 | -0.34 |
Book value / share | 2.59 | 2.95 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1068277.0 | 449189.0 |
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. For additional comparison, its price-to-book ratio of 5.24 indicates a premium versus the S&P 500 average of 4.68 and a premium versus the subsector average of 4.14. The current price-to-sales ratio is above the S&P 500 average, but below the subsector average. After reviewing these and other key valuation criteria, AMERICAN SUPERCONDUCTOR CP proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AMSC NM | Peers 25.76 | AMSC NM | Peers 21.85 | |||||||||||||||||||||
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. AMSC'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. AMSC's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AMSC 1356.00 | Peers 20.81 | AMSC NA | Peers 2.83 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. AMSC's ratio is negative making this valuation measure meaningless. |
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 |
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Earnings Growth |
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AMSC 5.24 | Peers 4.14 | AMSC 50.43 | Peers -22.53 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AMSC is trading at a significant premium to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. AMSC is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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AMSC 3.08 | Peers 3.10 | AMSC 31.98 | Peers 28.53 | |||||||||||||||||||||
Average. 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. AMSC is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. AMSC has a sales growth rate that exceeds its peers. |
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