Mesoblast Limited
Find Ratings ReportsMESOBLAST LTD's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. MESOBLAST LTD has strong liquidity. Currently, the Quick Ratio is 1.87 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained unchanged 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 FY23 | Q4 FY22 |
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Net Sales ($mil) | 2.14 | 2.22 |
EBITDA ($mil) | -17.65 | -18.74 |
EBIT ($mil) | -18.57 | -19.81 |
Net Income ($mil) | -21.92 | -21.46 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 71.32 | 60.45 |
Total Assets ($mil) | 669.42 | 662.14 |
Total Debt ($mil) | 116.5 | 106.91 |
Equity ($mil) | 501.84 | 497.04 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | -264.66 | -348.25 |
EBITDA Margin | -825.01 | -842.4 |
Operating Margin | -868.35 | -890.56 |
Sales Turnover | 0.01 | 0.02 |
Return on Assets | -12.23 | -13.79 |
Return on Equity | -16.32 | -18.38 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.95 | 1.36 |
Debt/Capital | 0.19 | 0.18 |
Interest Expense | 5.09 | 4.41 |
Interest Coverage | -3.65 | -4.5 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 81.37 | 64.99 |
Div / share | 0.0 | 0.0 |
EPS | -0.28 | -0.32 |
Book value / share | 6.17 | 7.65 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 562102.0 | 150113.0 |
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. For additional comparison, its price-to-book ratio of 0.40 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 19.07. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. After reviewing these and other key valuation criteria, MESOBLAST LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MESO NM | Peers 85.83 | MESO NM | Peers 38.76 | |||||||||||||||||||||
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. MESO'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. MESO's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MESO NM | Peers 18.08 | MESO NA | Peers 1.16 | |||||||||||||||||||||
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. MESO'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. |
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Price/Book |
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Earnings Growth |
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MESO 0.40 | Peers 19.07 | MESO 18.85 | Peers 12.58 | |||||||||||||||||||||
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. MESO 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. MESO is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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MESO 26.47 | Peers 84.44 | MESO -26.55 | Peers 42.35 | |||||||||||||||||||||
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. MESO is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MESO significantly trails its peers on the basis of sales growth. |
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