0.06 | 0.08%
DUKE ENERGY CORP's gross profit margin for the first quarter of its fiscal year 2013 has decreased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. DUKE ENERGY CORP has very weak liquidity. Currently, the Quick Ratio is 0.35 which clearly shows a lack of ability to cover 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 greatly increased by 79.76% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 5883.0 | 3630.0 |
| EBITDA ($mil) | 1930.0 | 1303.0 |
| EBIT ($mil) | 1270.0 | 826.0 |
| Net Income ($mil) | 634.0 | 295.0 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 1584.0 | 1309.0 |
| Total Assets ($mil) | 113666.0 | 61799.0 |
| Total Debt ($mil) | 41348.0 | 20549.0 |
| Equity ($mil) | 40953.0 | 22781.0 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 32.81 | 35.9 |
| EBITDA Margin | 32.8 | 35.89 |
| Operating Margin | 21.59 | 22.75 |
| Sales Turnover | 0.19 | 0.23 |
| Return on Assets | 1.85 | 2.41 |
| Return on Equity | 5.06 | 6.52 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 0.96 | 1.38 |
| Debt/Capital | 0.5 | 0.47 |
| Interest Expense | 367.0 | 224.0 |
| Interest Coverage | 3.46 | 3.69 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 706.0 | 445.96 |
| Div / share | 0.77 | 0.75 |
| EPS | 0.89 | 0.66 |
| Book value / share | 58.01 | 51.08 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 2778358.0 | 3397787.0 |
BUY. DUKE ENERGY CORP's P/E ratio indicates a premium compared to an average of 21.11 for the Electric Utilities industry and a premium compared to the S&P 500 average of 19.08. For additional comparison, its price-to-book ratio of 1.23 indicates a discount versus the S&P 500 average of 2.44 and a discount versus the industry average of 1.65. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, DUKE ENERGY CORP seems to be trading at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DUK 21.63 | Peers 21.11 | DUK 10.11 | Peers 7.53 | |||||||||||||||||||||
|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation. DUK is trading at a valuation on par with its peers. |
Premium. 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. DUK is trading at a significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| DUK 15.50 | Peers 16.77 | DUK 0.49 | Peers 2.42 | |||||||||||||||||||||
|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations. DUK is trading at a valuation on par with 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. DUK trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| DUK 1.23 | Peers 1.65 | DUK -2.10 | Peers -7.50 | |||||||||||||||||||||
|
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. DUK is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. DUK is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| DUK 2.30 | Peers 1.79 | DUK 50.91 | Peers 8.92 | |||||||||||||||||||||
|
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. DUK 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. DUK has a sales growth rate that significantly exceeds its peers. |
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