Alphatec Holdings Inc.
Find Ratings ReportsALPHATEC HOLDINGS INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ALPHATEC HOLDINGS INC has strong liquidity. Currently, the Quick Ratio is 1.89 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 875.88% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 137.97 | 105.94 |
EBITDA ($mil) | -28.29 | -23.01 |
EBIT ($mil) | -44.31 | -34.36 |
Net Income ($mil) | -49.08 | -34.78 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 220.97 | 84.7 |
Total Assets ($mil) | 805.21 | 513.38 |
Total Debt ($mil) | 541.68 | 395.86 |
Equity ($mil) | 101.72 | -13.11 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 77.98 | 73.46 |
EBITDA Margin | -20.5 | -21.71 |
Operating Margin | -32.12 | -32.43 |
Sales Turnover | 0.6 | 0.68 |
Return on Assets | -23.17 | -29.47 |
Return on Equity | -183.48 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.86 | 1.84 |
Debt/Capital | 0.84 | 1.03 |
Interest Expense | 4.42 | 1.33 |
Interest Coverage | -10.03 | -25.85 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 139.25 | 106.64 |
Div / share | 0.0 | 0.0 |
EPS | -0.37 | -0.33 |
Book value / share | 0.73 | -0.12 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1624557.0 | 2121502.0 |
SELL. 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. For additional comparison, its price-to-book ratio of 18.28 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 4.96. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. After reviewing these and other key valuation criteria, ALPHATEC HOLDINGS INC proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ATEC NM | Peers 49.88 | ATEC NM | Peers 33.16 | |||||||||||||||||||||
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. ATEC'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. ATEC'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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ATEC NM | Peers 24.07 | ATEC NA | Peers 0.91 | |||||||||||||||||||||
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. ATEC'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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ATEC 18.28 | Peers 4.96 | ATEC -5.44 | Peers 126.83 | |||||||||||||||||||||
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. ATEC is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, ATEC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ATEC 3.85 | Peers 6.41 | ATEC 37.44 | Peers 8.91 | |||||||||||||||||||||
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. ATEC is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. ATEC has a sales growth rate that significantly exceeds its peers. |
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