Digimarc Corporation
Find Ratings ReportsDIGIMARC CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has 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. DIGIMARC CORP is extremely liquid. Currently, the Quick Ratio is 2.63 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 36.54% 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.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 9.28 | 7.22 |
EBITDA ($mil) | -9.17 | -11.22 |
EBIT ($mil) | -11.02 | -12.98 |
Net Income ($mil) | -10.57 | -12.45 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 27.18 | 52.54 |
Total Assets ($mil) | 80.55 | 113.78 |
Total Debt ($mil) | 5.99 | 6.92 |
Equity ($mil) | 61.93 | 97.59 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 82.66 | 77.25 |
EBITDA Margin | -98.78 | -155.4 |
Operating Margin | -118.66 | -179.77 |
Sales Turnover | 0.43 | 0.26 |
Return on Assets | -57.05 | -52.55 |
Return on Equity | -74.21 | -61.27 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.96 | 6.33 |
Debt/Capital | 0.09 | 0.07 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 20.36 | 20.26 |
Div / share | 0.0 | 0.0 |
EPS | -0.52 | -0.62 |
Book value / share | 3.04 | 4.82 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 105856.0 | 99207.0 |
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. To use another comparison, its price-to-book ratio of 9.07 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, DIGIMARC CORP seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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DMRC NM | Peers 53.34 | DMRC NM | Peers 44.47 | |||||||||||||||||||||
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. DMRC'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. DMRC'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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DMRC NM | Peers 26.06 | DMRC NA | Peers 1.95 | |||||||||||||||||||||
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. DMRC'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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DMRC 9.07 | Peers 23.59 | DMRC 27.85 | Peers 123.02 | |||||||||||||||||||||
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. DMRC 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, DMRC 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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DMRC 16.12 | Peers 14.13 | DMRC 16.18 | Peers 27.20 | |||||||||||||||||||||
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. DMRC is trading at a premium to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. DMRC significantly trails its peers on the basis of sales growth. |
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