IGATE CORP's gross profit margin for the third quarter of its fiscal year 2014 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. IGATE CORP is extremely liquid. Currently, the Quick Ratio is 2.07 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 34.97% 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 FY14||Q3 FY13|
|Net Sales ($mil)||322.77||293.41|
|Net Income ($mil)||37.31||31.9|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||162.96||446.81|
|Total Assets ($mil)||1394.72||1600.65|
|Total Debt ($mil)||611.0||899.5|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||35.31||41.36|
|Return on Assets||7.54||7.96|
|Return on Equity||12.4||22.61|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||59.03||58.31|
|Div / share||0.0||0.0|
|Book value / share||9.74||7.3|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||204712.0||248601.0|
BUY. This stock's P/E ratio indicates a premium compared to an average of 23.82 for the IT Services industry and a significant premium compared to the S&P 500 average of 19.99. Conducting a second comparison, its price-to-book ratio of 3.86 indicates a premium versus the S&P 500 average of 2.76 and a significant discount versus the industry average of 8.98. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount.
|IGTE 31.83||Peers 23.82||IGTE 20.21||Peers 17.50|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
IGTE is trading at a significant premium to its peers.
Premium. 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.
IGTE is trading at a premium to its peers.
|IGTE 15.98||Peers 20.50||IGTE NA||Peers 1.64|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.
IGTE is trading at a valuation on par with 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.
|IGTE 3.86||Peers 8.98||IGTE -27.61||Peers 20.79|
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.
IGTE 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, IGTE is expected to significantly trail its peers on the basis of its earnings growth rate.
|IGTE 1.79||Peers 5.21||IGTE 10.05||Peers 8.61|
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.
IGTE 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.
IGTE has a sales growth rate that exceeds its peers.
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