EMCORE CORP's gross profit margin for the third quarter of its fiscal year 2015 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 industry when comparing revenue growth, but not when comparing net income growth. EMCORE CORP is extremely liquid. Currently, the Quick Ratio is 5.20 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 41.25% 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 ($mil)||21.19||13.6|
|Net Income ($mil)||2.44||-3.15|
|Balance Sheet||Q3 FY15||Q3 FY14|
|Cash & Equiv. ($mil)||114.16||18.97|
|Total Assets ($mil)||159.99||166.01|
|Total Debt ($mil)||0.0||20.94|
|Profitability||Q3 FY15||Q3 FY14|
|Gross Profit Margin||38.81||35.54|
|Return on Assets||48.19||-7.76|
|Return on Equity||8.88||-16.02|
|Debt||Q3 FY15||Q3 FY14|
|Share Data||Q3 FY15||Q3 FY14|
|Shares outstanding (mil)||25.53||30.71|
|Div / share||0.0||0.0|
|Book value / share||5.23||3.08|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||331277.0||338573.0|
BUY. EMCORE CORP's P/E ratio indicates a discount compared to an average of 23.25 for the Communications Equipment industry and a value on par with the S&P 500 average of 19.47. To use another comparison, its price-to-book ratio of 1.32 indicates a discount versus the S&P 500 average of 2.59 and a significant discount versus the industry average of 3.95. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, EMCORE CORP proves to trade at a discount to investment alternatives within the industry.
|EMKR 17.69||Peers 23.25||EMKR NM||Peers 29.86|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
EMKR is trading at a discount 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.
EMKR's P/CF is negative making the measure meaningless.
|EMKR 43.13||Peers 18.53||EMKR NM||Peers 1.25|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
EMKR is trading at a significant 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.
EMKR's negative PEG ratio makes this valuation measure meaningless.
|EMKR 1.32||Peers 3.95||EMKR 176.47||Peers 27.17|
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.
EMKR 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.
EMKR is expected to have an earnings growth rate that significantly exceeds its peers.
|EMKR 1.72||Peers 3.02||EMKR 21.47||Peers 6.77|
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.
EMKR is trading at a significant discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
EMKR has a sales growth rate that significantly exceeds its peers.
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