DYAX CORP's gross profit margin for the third quarter of its fiscal year 2015 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. DYAX CORP is extremely liquid. Currently, the Quick Ratio is 11.27 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 199.14% 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||Q3 FY15||Q3 FY14|
|Net Sales ($mil)||24.73||21.99|
|Net Income ($mil)||-11.7||-0.82|
|Balance Sheet||Q3 FY15||Q3 FY14|
|Cash & Equiv. ($mil)||308.39||187.88|
|Total Assets ($mil)||348.92||211.84|
|Total Debt ($mil)||0.0||80.38|
|Profitability||Q3 FY15||Q3 FY14|
|Gross Profit Margin||-33.26||9.45|
|Return on Assets||-8.5||-5.45|
|Return on Equity||-9.43||-10.98|
|Debt||Q3 FY15||Q3 FY14|
|Share Data||Q3 FY15||Q3 FY14|
|Shares outstanding (mil)||147.12||136.4|
|Div / share||0.0||0.0|
|Book value / share||2.14||0.77|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||3650307.0||1368669.0|
HOLD. 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 17.97 indicates a significant premium versus the S&P 500 average of 2.45 and a significant premium versus the industry average of 12.38. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, DYAX CORP proves to trade at a premium to investment alternatives within the industry.
|DYAX NM||Peers 40.31||DYAX NM||Peers 30.95|
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.
DYAX'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.
DYAX's P/CF is negative making the measure meaningless.
|DYAX NM||Peers 17.55||DYAX NA||Peers 0.48|
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.
DYAX'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.
|DYAX 17.97||Peers 12.38||DYAX -110.00||Peers 19.11|
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.
DYAX is trading at a significant premium to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, DYAX is expected to significantly trail its peers on the basis of its earnings growth rate.
|DYAX 57.93||Peers 161.49||DYAX 34.44||Peers 58.54|
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.
DYAX 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.
DYAX significantly trails its peers on the basis of sales growth
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