0.04 | 3.60%
CAPSTONE TURBINE CORP's gross profit margin for the fourth quarter of its fiscal year 2012 has significantly increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. CAPSTONE TURBINE CORP has average liquidity. Currently, the Quick Ratio is 1.26 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 28.54% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
| Income Statement | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Net Sales ($mil) | 35.37 | 30.13 |
| EBITDA ($mil) | 0.0 | -7.58 |
| EBIT ($mil) | -3.85 | -8.49 |
| Net Income ($mil) | -4.13 | -8.31 |
| Balance Sheet | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Cash & Equiv. ($mil) | 38.82 | 49.95 |
| Total Assets ($mil) | 87.34 | 99.79 |
| Total Debt ($mil) | 14.07 | 10.86 |
| Equity ($mil) | 41.89 | 58.62 |
| Profitability | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Gross Profit Margin | 14.11 | 6.04 |
| EBITDA Margin | 0.0 | -25.15 |
| Operating Margin | -10.9 | -28.17 |
| Sales Turnover | 1.46 | 1.1 |
| Return on Assets | -25.83 | -18.8 |
| Return on Equity | -53.86 | -32.01 |
| Debt | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Current Ratio | 1.73 | 2.21 |
| Debt/Capital | 0.25 | 0.16 |
| Interest Expense | 0.19 | 0.22 |
| Interest Coverage | -19.97 | -39.3 |
| Share Data | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Shares outstanding (mil) | 304.62 | 299.32 |
| Div / share | 0.0 | 0.0 |
| EPS | -0.01 | -0.03 |
| Book value / share | 0.14 | 0.2 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 2775406.0 | 1860981.0 |
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 9.31 indicates a significant premium versus the S&P 500 average of 2.42 and a significant premium versus the industry average of 3.44. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, CAPSTONE TURBINE CORP seems to be trading at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CPST NM | Peers 26.75 | CPST 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. CPST'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. CPST's P/CF is negative making the measure meaningless. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
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| CPST 36.57 | Peers 24.45 | CPST NA | Peers 1.07 | |||||||||||||||||||||
|
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. CPST'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 |
|
Earnings Growth |
|
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| CPST 9.31 | Peers 3.44 | CPST 0.00 | Peers 1.09 | |||||||||||||||||||||
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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. CPST is trading at a significant premium to its peers. |
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. The growth rate for CPST is not available. |
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| Price/Sales |
|
Sales Growth |
|
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| CPST 3.06 | Peers 2.13 | CPST 16.62 | Peers 4.40 | |||||||||||||||||||||
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Premium. 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. CPST is trading at a significant premium to its industry. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. CPST has a sales growth rate that significantly exceeds its peers. |
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