Gulf Island Fabrication Inc.
Find Ratings ReportsGULF ISLAND FABRICATION INC's gross profit margin for the third quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. GULF ISLAND FABRICATION INC is extremely liquid. Currently, the Quick Ratio is 2.89 which clearly shows the ability to cover any short-term cash needs. GIFI managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 29.46% 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 FY23 | Q3 FY22 |
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Net Sales ($mil) | 37.52 | 39.59 |
EBITDA ($mil) | -0.07 | 0.95 |
EBIT ($mil) | -1.46 | -0.29 |
Net Income ($mil) | -33.24 | 0.6 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 41.76 | 37.77 |
Total Assets ($mil) | 120.6 | 134.74 |
Total Debt ($mil) | 0.0 | 0.0 |
Equity ($mil) | 71.48 | 101.35 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 10.69 | 13.79 |
EBITDA Margin | -0.18 | 2.39 |
Operating Margin | -3.89 | -0.73 |
Sales Turnover | 1.47 | 0.96 |
Return on Assets | -25.65 | -7.48 |
Return on Equity | -43.29 | -9.96 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 3.09 | 2.72 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 16.29 | 15.92 |
Div / share | 0.0 | 0.0 |
EPS | -2.04 | 0.04 |
Book value / share | 4.39 | 6.37 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 38294.0 | 49421.0 |
SELL. 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 1.53 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.90. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, GULF ISLAND FABRICATION INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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GIFI NM | Peers 23.30 | GIFI 10.93 | Peers 20.65 | |||||||||||||||||||||
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. GIFI'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. GIFI is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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GIFI NA | Peers 16.58 | GIFI NA | Peers 2.67 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. GIFI is trading at a 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. Ratio not available. |
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Price/Book |
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Earnings Growth |
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GIFI 1.53 | Peers 4.90 | GIFI -190.76 | Peers 54.33 | |||||||||||||||||||||
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. GIFI is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, GIFI is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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GIFI 0.62 | Peers 3.84 | GIFI 36.28 | Peers 19.37 | |||||||||||||||||||||
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. GIFI is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. GIFI has a sales growth rate that significantly exceeds its peers. |
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