HEARTWARE INTERNATIONAL INC's gross profit margin for the third quarter of its fiscal year 2015 has decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not. HEARTWARE INTERNATIONAL INC is extremely liquid. Currently, the Quick Ratio is 4.71 which clearly shows the ability to cover any short-term cash needs. HTWR 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.
During the same period, stockholders' equity ("net worth") has decreased by 9.25% 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 FY15||Q3 FY14|
|Net Sales ($mil)||65.17||68.61|
|Net Income ($mil)||-29.93||-7.37|
|Balance Sheet||Q3 FY15||Q3 FY14|
|Cash & Equiv. ($mil)||248.27||180.27|
|Total Assets ($mil)||488.47||428.86|
|Total Debt ($mil)||188.79||112.8|
|Profitability||Q3 FY15||Q3 FY14|
|Gross Profit Margin||52.72||69.62|
|Return on Assets||-14.89||-9.44|
|Return on Equity||-39.47||-19.93|
|Debt||Q3 FY15||Q3 FY14|
|Share Data||Q3 FY15||Q3 FY14|
|Shares outstanding (mil)||17.32||17.02|
|Div / share||0.0||0.0|
|Book value / share||10.65||11.94|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||680741.0||261290.0|
SELL. 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. Conducting a second comparison, its price-to-book ratio of 4.37 indicates a significant premium versus the S&P 500 average of 2.77 and a premium versus the industry average of 4.32. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, HEARTWARE INTERNATIONAL INC proves to trade at a premium to investment alternatives within the industry.
|HTWR NM||Peers 42.30||HTWR NM||Peers 25.87|
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.
HTWR's P/E is negative making this valuation measure meaningless.
Neutral. 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.
HTWR's P/CF is negative making the measure meaningless.
|HTWR NM||Peers 25.46||HTWR NA||Peers 0.85|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
HTWR's ratio is negative making this valuation measure meaningless.
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.
|HTWR 4.37||Peers 4.32||HTWR -73.66||Peers -5.80|
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.
HTWR 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, HTWR is expected to significantly trail its peers on the basis of its earnings growth rate.
|HTWR 2.85||Peers 6.09||HTWR 9.17||Peers 16.01|
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.
HTWR 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.
HTWR significantly trails its peers on the basis of sales growth
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