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Emcore Corp
EMKR : NASDAQ : Technology
$5.81 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 409,800
07/28/15 - 4:00 PM ET

Financial Analysis


EMCORE CORP's gross profit margin for the second quarter of its fiscal year 2015 has decreased 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 6.04 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 81.53% 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 Q2 FY15 Q2 FY14
Net Sales ($mil)19.0612.95
EBITDA ($mil)-0.17-1.65
EBIT ($mil)-0.74-3.75
Net Income ($mil)3.05-5.43


Balance Sheet Q2 FY15 Q2 FY14
Cash & Equiv. ($mil)141.1320.17
Total Assets ($mil)203.83163.42
Total Debt ($mil)0.017.6
Equity ($mil)175.4996.67


Profitability Q2 FY15 Q2 FY14
Gross Profit Margin36.4638.55
EBITDA Margin-0.88-12.76
Operating Margin-3.87-28.94
Sales Turnover0.620.64
Return on Assets35.08-10.41
Return on Equity4.7-18.7
Debt Q2 FY15 Q2 FY14
Current Ratio6.871.54
Debt/Capital0.00.15
Interest Expense0.00.12
Interest Coverage0.0-32.03


Share Data Q2 FY15 Q2 FY14
Shares outstanding (mil)32.2630.63
Div / share0.00.0
EPS-0.03-0.16
Book value / share5.443.16
Institutional Own % n/a n/a
Avg Daily Volume380389.0104848.0

Valuation


HOLD. EMCORE CORP's P/E ratio indicates a discount compared to an average of 30.68 for the Communications Equipment industry and a value on par with the S&P 500 average of 21.18. For additional comparison, its price-to-book ratio of 1.08 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 4.43. The price-to-sales ratio is below the S&P 500 average and is well 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.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
EMKR 21.74 Peers 30.68   EMKR NM Peers 28.21

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

EMKR is trading at a significant 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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
EMKR 146.75 Peers 24.56   EMKR NM Peers 2.40

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.

EMKR'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.

EMKR's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
EMKR 1.08 Peers 4.43   EMKR 142.18 Peers 133.43

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.

 

Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

EMKR is expected to keep pace with its peers on the basis of earnings growth.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
EMKR 1.51 Peers 3.44   EMKR 20.74 Peers 3.31

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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