FONAR CORP's gross profit margin for the fourth quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. FONAR CORP has strong liquidity. Currently, the Quick Ratio is 1.82 which shows the ability to cover short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 79.33% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q4 FY14||Q4 FY13|
|Net Sales ($mil)||17.03||18.38|
|Net Income ($mil)||4.08||4.8|
|Balance Sheet||Q4 FY14||Q4 FY13|
|Cash & Equiv. ($mil)||9.95||7.87|
|Total Assets ($mil)||76.79||73.15|
|Total Debt ($mil)||11.37||15.77|
|Profitability||Q4 FY14||Q4 FY13|
|Gross Profit Margin||45.09||46.91|
|Return on Assets||13.53||11.86|
|Return on Equity||41.07||61.49|
|Debt||Q4 FY14||Q4 FY13|
|Share Data||Q4 FY14||Q4 FY13|
|Shares outstanding (mil)||6.43||6.35|
|Div / share||0.0||0.0|
|Book value / share||3.94||2.22|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||74037.0||132576.0|
BUY. FONAR CORP's P/E ratio indicates a significant discount compared to an average of 29.88 for the Health Care Equipment & Supplies industry and a significant discount compared to the S&P 500 average of 19.94. To use another comparison, its price-to-book ratio of 3.22 indicates a premium versus the S&P 500 average of 2.76 and a discount versus the industry average of 4.21. 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, FONAR CORP proves to trade at a discount to investment alternatives within the industry.
|FONR 8.03||Peers 29.88||FONR NA||Peers 22.00|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
FONR is trading at a significant discount to its peers.
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.
Ratio not available.
|FONR NA||Peers 20.22||FONR NA||Peers 0.90|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
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.
|FONR 3.22||Peers 4.21||FONR 17.91||Peers 58.95|
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.
FONR 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, FONR is expected to significantly trail its peers on the basis of its earnings growth rate.
|FONR 1.19||Peers 4.12||FONR 39.40||Peers 5.60|
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.
FONR 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.
FONR has a sales growth rate that significantly exceeds its peers.
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