-0.02 | -0.14%
FORD MOTOR CO's gross profit margin for the first quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not.
During the same period, stockholders' equity ("net worth") has increased by 5.95% from the same quarter last year.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 35810.0 | 32445.0 |
| EBITDA ($mil) | 4124.0 | 4139.0 |
| EBIT ($mil) | 2480.0 | 2649.0 |
| Net Income ($mil) | 1611.0 | 1396.0 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 32010.0 | 31045.0 |
| Total Assets ($mil) | 193010.0 | 182075.0 |
| Total Debt ($mil) | 107356.0 | 100490.0 |
| Equity ($mil) | 17595.0 | 16606.0 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 19.0 | 19.76 |
| EBITDA Margin | 11.51 | 12.75 |
| Operating Margin | 6.93 | 8.16 |
| Sales Turnover | 0.71 | 0.74 |
| Return on Assets | 3.04 | 10.46 |
| Return on Equity | 33.41 | 114.76 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.86 | 0.86 |
| Interest Expense | 912.0 | 1011.0 |
| Interest Coverage | 2.72 | 2.62 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 3931.21 | 3816.37 |
| Div / share | 0.1 | 0.05 |
| EPS | 0.4 | 0.35 |
| Book value / share | 4.48 | 4.35 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 3.573356E7 | 5.1132448E7 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 16.95 for the Automobiles industry and a discount compared to the S&P 500 average of 19.08. To use another comparison, its price-to-book ratio of 3.27 indicates a premium versus the S&P 500 average of 2.44 and a discount versus the industry average of 3.77. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, FORD MOTOR CO proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F 9.96 | Peers 16.95 | F 8.06 | Peers 7.76 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. F is trading at a significant discount to its peers. |
Average. 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. F is trading at a valuation on par to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| F 8.93 | Peers 15.16 | F NM | Peers 0.80 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. F is trading at a significant discount 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. F's negative PEG ratio makes this valuation measure meaningless. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| F 3.27 | Peers 3.77 | F -69.06 | Peers 97.69 | |||||||||||||||||||||
|
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. F is trading at a discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, F is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| F 0.42 | Peers 1.00 | F 1.49 | Peers 14.45 | |||||||||||||||||||||
|
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. F 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. F significantly trails its peers on the basis of sales growth |
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