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LightPath Technologies Inc
LPTH : NASDAQ : Industrial Goods
$1.45 up0.02 | 1.40%
Today's Range: 1.44 - 1.48
Avg. Daily Volume: 81,300
10/05/15 - 3:59 PM ET

Financial Analysis

LIGHTPATH TECHNOLOGIES INC's gross profit margin for the fourth quarter of its fiscal year 2015 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. LIGHTPATH TECHNOLOGIES INC has strong liquidity. Currently, the Quick Ratio is 1.83 which shows the ability to cover short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.

During the same period, stockholders' equity ("net worth") has increased by 9.64% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q4 FY15 Q4 FY14
Net Sales ($mil)4.513.11
EBITDA ($mil)0.59-0.03
EBIT ($mil)0.45-0.15
Net Income ($mil)-0.370.1

Balance Sheet Q4 FY15 Q4 FY14
Cash & Equiv. ($mil)1.641.2
Total Assets ($mil)12.7210.69
Total Debt ($mil)0.530.18
Equity ($mil)8.07.3

Profitability Q4 FY15 Q4 FY14
Gross Profit Margin50.547.32
EBITDA Margin13.13-0.93
Operating Margin9.92-4.85
Sales Turnover1.071.11
Return on Assets-5.62-2.92
Return on Equity-8.93-4.29
Debt Q4 FY15 Q4 FY14
Current Ratio3.113.03
Interest Expense0.010.01
Interest Coverage89.4-12.58

Share Data Q4 FY15 Q4 FY14
Shares outstanding (mil)15.2414.29
Div / share0.00.0
Book value / share0.530.51
Institutional Own % n/a n/a
Avg Daily Volume81839.0276543.0


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 2.80 indicates valuation on par with the S&P 500 average of 2.58 and a discount versus the industry average of 2.81. The current price-to-sales ratio is similar to the S&P 500 average, but it is below the industry average, indicating a discount. After reviewing these and other key valuation criteria, LIGHTPATH TECHNOLOGIES INC proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LPTH NM Peers 18.20   LPTH 125.11 Peers 28.09

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.

LPTH's P/E is negative making this valuation measure meaningless.


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.

LPTH is trading at a significant premium to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
LPTH NA Peers 15.80   LPTH NA Peers 1.37

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

LPTH is trading at a significant 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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LPTH 2.80 Peers 2.81   LPTH -100.00 Peers 138.67

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.

LPTH 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, LPTH is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LPTH 1.64 Peers 1.70   LPTH 15.44 Peers 11.03

Average. 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.

LPTH is trading at a valuation on par with its industry on this measurement.


Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

LPTH has a sales growth rate that significantly exceeds its peers.



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