HARSCO CORP's gross profit margin for the second quarter of its fiscal year 2014 has decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its industry. HARSCO CORP has weak liquidity. Currently, the Quick Ratio is 0.89 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 33.39% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q2 FY14||Q2 FY13|
|Net Sales ($mil)||534.58||759.74|
|Net Income ($mil)||-13.98||23.8|
|Balance Sheet||Q2 FY14||Q2 FY13|
|Cash & Equiv. ($mil)||77.47||89.0|
|Total Assets ($mil)||2383.53||2974.88|
|Total Debt ($mil)||862.77||1055.31|
|Profitability||Q2 FY14||Q2 FY13|
|Gross Profit Margin||30.34||32.49|
|Return on Assets||-10.98||-6.95|
|Return on Equity||-49.19||-25.74|
|Debt||Q2 FY14||Q2 FY13|
|Share Data||Q2 FY14||Q2 FY13|
|Shares outstanding (mil)||80.81||80.67|
|Div / share||0.21||0.21|
|Book value / share||6.59||9.91|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||493727.0||534339.0|
HOLD. This stock?s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. To use another comparison, its price-to-book ratio of 2.96 indicates a premium versus the S&P 500 average of 2.49 and a discount versus the industry average of 2.99. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, HARSCO CORP proves to trade at a discount to investment alternatives within the industry.
|HSC NM||Peers 18.90||HSC 7.63||Peers 14.00|
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.
HSC'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.
HSC is trading at a significant discount to its peers.
|HSC 14.19||Peers 16.46||HSC NA||Peers 1.18|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
HSC is trading at a 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.
|HSC 2.96||Peers 2.99||HSC -26.95||Peers 854.22|
Average. 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.
HSC is trading at a valuation on par with its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, HSC is expected to significantly trail its peers on the basis of its earnings growth rate.
|HSC 0.64||Peers 1.47||HSC -17.67||Peers 3.17|
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.
HSC 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.
HSC significantly trails its peers on the basis of sales growth
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