-0.30 | -0.70%
MICROS SYSTEMS INC's gross profit margin for the third quarter of its fiscal year 2013 is essentially unchanged 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. MICROS SYSTEMS INC is extremely liquid. Currently, the Quick Ratio is 2.12 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 8.17% 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 | Q3 FY13 | Q3 FY12 |
|---|---|---|
| Net Sales ($mil) | 315.11 | 278.04 |
| EBITDA ($mil) | 64.61 | 59.47 |
| EBIT ($mil) | 58.91 | 55.95 |
| Net Income ($mil) | 44.26 | 43.25 |
| Balance Sheet | Q3 FY13 | Q3 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 669.35 | 816.02 |
| Total Assets ($mil) | 1639.25 | 1504.77 |
| Total Debt ($mil) | 3.98 | 0.0 |
| Equity ($mil) | 1156.25 | 1068.9 |
| Profitability | Q3 FY13 | Q3 FY12 |
|---|---|---|
| Gross Profit Margin | 52.52 | 54.86 |
| EBITDA Margin | 20.5 | 21.38 |
| Operating Margin | 18.7 | 20.12 |
| Sales Turnover | 0.76 | 0.72 |
| Return on Assets | 10.83 | 10.65 |
| Return on Equity | 15.36 | 14.99 |
| Debt | Q3 FY13 | Q3 FY12 |
|---|---|---|
| Current Ratio | 2.41 | 2.97 |
| Debt/Capital | 0.0 | 0.0 |
| Interest Expense | 0.02 | 0.16 |
| Interest Coverage | 2454.67 | 349.67 |
| Share Data | Q3 FY13 | Q3 FY12 |
|---|---|---|
| Shares outstanding (mil) | 78.66 | 80.29 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.55 | 0.53 |
| Book value / share | 14.7 | 13.31 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 1209860.0 | 887784.0 |
BUY. MICROS SYSTEMS INC's P/E ratio indicates a discount compared to an average of 27.69 for the Software industry and a value on par with the S&P 500 average of 19.08. Conducting a second comparison, its price-to-book ratio of 2.96 indicates a premium versus the S&P 500 average of 2.44 and a significant discount versus the industry average of 7.07. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, MICROS SYSTEMS INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MCRS 19.95 | Peers 27.69 | MCRS 18.27 | Peers 20.11 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MCRS is trading at a significant discount to its peers. |
Average. 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. MCRS is trading at a valuation on par to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| MCRS 17.36 | Peers 24.71 | MCRS 1.13 | Peers 0.76 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. MCRS is trading at a significant discount to its peers. |
Premium. 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. MCRS trades at a significant premium to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| MCRS 2.96 | Peers 7.07 | MCRS 11.79 | Peers -92.79 | |||||||||||||||||||||
|
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. MCRS 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. MCRS is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| MCRS 2.75 | Peers 8.67 | MCRS 15.09 | Peers 16.46 | |||||||||||||||||||||
|
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. MCRS 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. MCRS is keeping pace with its peers on the basis of sales growth. |
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