-0.12 | -0.39%
INTER PARFUMS INC's gross profit margin for the first quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. INTER PARFUMS INC is extremely liquid. Currently, the Quick Ratio is 2.19 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 46.16% 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.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 213.81 | 165.37 |
| EBITDA ($mil) | 70.64 | 35.45 |
| EBIT ($mil) | 66.98 | 31.75 |
| Net Income ($mil) | 31.7 | 15.5 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 313.1 | 27.41 |
| Total Assets ($mil) | 759.6 | 522.18 |
| Total Debt ($mil) | 26.69 | 16.75 |
| Equity ($mil) | 399.53 | 273.34 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 64.69 | 66.38 |
| EBITDA Margin | 33.03 | 21.43 |
| Operating Margin | 31.33 | 19.2 |
| Sales Turnover | 0.92 | 1.24 |
| Return on Assets | 19.39 | 6.71 |
| Return on Equity | 36.87 | 12.81 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 2.72 | 2.39 |
| Debt/Capital | 0.06 | 0.06 |
| Interest Expense | 0.46 | 0.36 |
| Interest Coverage | 146.56 | 87.72 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 30.7 | 30.56 |
| Div / share | 0.12 | 0.08 |
| EPS | 1.03 | 0.51 |
| Book value / share | 13.01 | 8.94 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 115138.0 | 79957.0 |
BUY. INTER PARFUMS INC's P/E ratio indicates a significant discount compared to an average of 22.92 for the Personal Products industry and a significant discount compared to the S&P 500 average of 19.08. To use another comparison, its price-to-book ratio of 2.36 indicates valuation on par with the S&P 500 average of 2.44 and a significant discount versus the industry average of 8.13. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, INTER PARFUMS INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IPAR 6.40 | Peers 22.92 | IPAR 11.60 | Peers 18.48 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. IPAR is trading at a significant discount to its peers. |
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. IPAR is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
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| IPAR 27.92 | Peers 20.79 | IPAR NM | Peers 1.08 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. IPAR 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. IPAR's negative PEG ratio makes this valuation measure meaningless. |
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| Price/Book |
|
Earnings Growth |
|
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| IPAR 2.36 | Peers 8.13 | IPAR 321.05 | Peers -73.57 | |||||||||||||||||||||
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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. IPAR is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. IPAR is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
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| IPAR 1.34 | Peers 2.01 | IPAR 8.54 | Peers 9.25 | |||||||||||||||||||||
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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. IPAR is trading at a significant discount to its industry on this measurement. |
Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share. IPAR is keeping pace with its peers on the basis of sales growth. |
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