0.05 | 0.48%
FIBRIA CELULOSE SA's gross profit margin for the fourth quarter of its fiscal year 2012 has increased 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. FIBRIA CELULOSE SA has strong liquidity. Currently, the Quick Ratio is 1.72 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.98% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
| Income Statement | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Net Sales ($mil) | 884.44 | 732.5 |
| EBITDA ($mil) | 350.89 | 197.64 |
| EBIT ($mil) | 108.66 | -62.14 |
| Net Income ($mil) | 26.47 | -190.91 |
| Balance Sheet | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Cash & Equiv. ($mil) | 1609.61 | 1105.84 |
| Total Assets ($mil) | 13739.58 | 14953.31 |
| Total Debt ($mil) | 5258.82 | 6079.57 |
| Equity ($mil) | 7401.72 | 7790.23 |
| Profitability | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Gross Profit Margin | 47.26 | 38.68 |
| EBITDA Margin | 39.67 | 26.98 |
| Operating Margin | 12.29 | -8.48 |
| Sales Turnover | 0.22 | 0.21 |
| Return on Assets | -2.5 | -3.13 |
| Return on Equity | -4.64 | -7.67 |
| Debt | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Current Ratio | 2.52 | 2.73 |
| Debt/Capital | 0.42 | 0.44 |
| Interest Expense | 122.82 | 113.65 |
| Interest Coverage | 0.88 | -0.55 |
| Share Data | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Shares outstanding (mil) | 553.59 | 467.94 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.06 | -0.41 |
| Book value / share | 13.37 | 16.65 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 1506363.0 | 1351106.0 |
HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.84 indicates a significant discount versus the S&P 500 average of 2.34 and a significant discount versus the industry average of 2.51. 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, FIBRIA CELULOSE SA seems to be trading at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FBR NM | Peers 28.84 | FBR 6.67 | Peers 8.35 | |||||||||||||||||||||
|
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. FBR's P/E is negative making this valuation measure meaningless. |
Discount. 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. FBR is trading at a discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| FBR 61.87 | Peers 16.97 | FBR NA | Peers 0.50 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. FBR 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. Ratio not available. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| FBR 0.84 | Peers 2.51 | FBR 50.79 | Peers -1.24 | |||||||||||||||||||||
|
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. FBR 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. FBR is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| FBR 2.07 | Peers 1.09 | FBR -4.06 | Peers 4.62 | |||||||||||||||||||||
|
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. FBR is trading at a significant premium to its industry. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. FBR significantly trails its peers on the basis of sales growth |
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