-0.19 | -0.27%
CARBO CERAMICS INC's gross profit margin for the first quarter of its fiscal year 2013 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. CARBO CERAMICS INC is extremely liquid. Currently, the Quick Ratio is 3.53 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 10.45% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 147.66 | 163.17 |
| EBITDA ($mil) | 37.3 | 57.35 |
| EBIT ($mil) | 25.39 | 46.75 |
| Net Income ($mil) | 17.58 | 30.29 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 83.8 | 32.03 |
| Total Assets ($mil) | 815.92 | 751.38 |
| Total Debt ($mil) | 0.0 | 0.0 |
| Equity ($mil) | 715.44 | 647.69 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 36.77 | 45.39 |
| EBITDA Margin | 25.26 | 35.15 |
| Operating Margin | 17.2 | 28.65 |
| Sales Turnover | 0.77 | 0.85 |
| Return on Assets | 11.42 | 17.33 |
| Return on Equity | 13.02 | 20.11 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 6.53 | 4.35 |
| Debt/Capital | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 |
| Interest Coverage | 0.0 | 0.0 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 23.14 | 23.09 |
| Div / share | 0.27 | 0.24 |
| EPS | 0.76 | 1.31 |
| Book value / share | 30.92 | 28.06 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 411978.0 | 284717.0 |
BUY. CARBO CERAMICS INC's P/E ratio indicates a discount compared to an average of 22.07 for the Energy Equipment & Services industry and a value on par with the S&P 500 average of 19.08. To use another comparison, its price-to-book ratio of 2.23 indicates valuation on par with the S&P 500 average of 2.44 and a discount versus the industry average of 2.89. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, CARBO CERAMICS INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CRR 17.09 | Peers 22.07 | CRR 11.06 | Peers 18.26 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CRR is trading at a discount to its peers. |
Discount. 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. CRR is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| CRR 14.97 | Peers 16.88 | CRR NM | Peers 1.44 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CRR is trading at a 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. CRR's negative PEG ratio makes this valuation measure meaningless. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| CRR 2.23 | Peers 2.89 | CRR -28.12 | Peers -2.89 | |||||||||||||||||||||
|
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. CRR is trading at a discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CRR is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| CRR 2.54 | Peers 2.17 | CRR -1.26 | Peers 18.69 | |||||||||||||||||||||
|
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. CRR is trading at a premium to its industry on this measurement. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. CRR significantly trails its peers on the basis of sales growth |
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