-0.42 | -2.13%
CREDIT SUISSE GROUP's gross profit margin for the first quarter of its fiscal year 2012 has decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the industry, the revenue growth did not.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
| Income Statement | Q1 FY12 | Q1 FY11 |
|---|---|---|
| Net Sales ($mil) | 10444.27 | 12939.83 |
| EBITDA ($mil) | 3871.04 | 6030.36 |
| EBIT ($mil) | 3534.23 | 5738.78 |
| Net Income ($mil) | 48.75 | 1243.86 |
| Balance Sheet | Q1 FY12 | Q1 FY11 |
|---|---|---|
| Cash & Equiv. ($mil) | 314742.97 | 304999.44 |
| Total Assets ($mil) | 1107932.6 | 1110044.8 |
| Total Debt ($mil) | 376045.88 | 371276.62 |
| Equity ($mil) | 37209.17 | 37192.31 |
| Profitability | Q1 FY12 | Q1 FY11 |
|---|---|---|
| Gross Profit Margin | 37.06 | 46.6 |
| EBITDA Margin | 37.06 | 46.6 |
| Operating Margin | 33.84 | 44.35 |
| Sales Turnover | 0.04 | 0.05 |
| Return on Assets | 0.08 | 0.43 |
| Return on Equity | 1.77 | 12.27 |
| Debt | Q1 FY12 | Q1 FY11 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.91 | 0.91 |
| Interest Expense | 3349.21 | 3598.34 |
| Interest Coverage | 1.06 | 1.59 |
| Share Data | Q1 FY12 | Q1 FY11 |
|---|---|---|
| Shares outstanding (mil) | 1224.51 | 1201.02 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.03 | 0.98 |
| Book value / share | 30.39 | 30.97 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 2580204.0 | 2349975.0 |
SELL. CREDIT SUISSE GROUP's P/E ratio indicates a significant premium compared to an average of 20.56 for the Capital Markets industry and a significant premium compared to the S&P 500 average of 15.19. For additional comparison, its price-to-book ratio of 0.66 indicates a discount versus the S&P 500 average of 2.12 and a discount versus the industry average of 1.40. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CS 40.26 | Peers 20.56 | CS NM | Peers 8.95 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. CS is trading at a significant premium to its peers. |
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. CS's P/CF is negative making the measure meaningless. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| CS 5.40 | Peers 14.86 | CS 0.37 | Peers 0.49 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CS is trading at a significant discount to its peers. |
Discount. 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. CS trades at a discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| CS 0.66 | Peers 1.40 | CS -86.04 | Peers -5.44 | |||||||||||||||||||||
|
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. CS is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CS is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| CS 0.57 | Peers 4.10 | CS -20.84 | Peers -2.93 | |||||||||||||||||||||
|
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. CS 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. CS significantly trails its peers on the basis of sales growth |
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