0.62 | 9.95%
MANNKIND CORP's gross profit margin for the fourth quarter of its fiscal year 2012 has significantly increased when compared to the same period a year ago. While net income decreased, sales have remained unchanged. MANNKIND CORP has very weak liquidity. Currently, the Quick Ratio is 0.43 which clearly shows a lack of ability to cover 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 64.71% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
| Income Statement | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Net Sales ($mil) | 0.0 | 0.0 |
| EBITDA ($mil) | -32.61 | -27.28 |
| EBIT ($mil) | -35.71 | -30.76 |
| Net Income ($mil) | -51.78 | -36.4 |
| Balance Sheet | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Cash & Equiv. ($mil) | 61.84 | 3.2 |
| Total Assets ($mil) | 251.31 | 199.55 |
| Total Debt ($mil) | 331.66 | 487.85 |
| Equity ($mil) | -110.68 | -313.65 |
| Profitability | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Gross Profit Margin | 0.0 | 0.0 |
| EBITDA Margin | 0.0 | 0.0 |
| Operating Margin | 0.0 | 0.0 |
| Sales Turnover | 0.0 | 0.0 |
| Return on Assets | -67.39 | -80.58 |
| Return on Equity | 0.0 | 0.0 |
| Debt | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Current Ratio | 0.46 | 0.23 |
| Debt/Capital | 1.5 | 2.8 |
| Interest Expense | 5.03 | 5.88 |
| Interest Coverage | -7.1 | -5.23 |
| Share Data | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Shares outstanding (mil) | 286.04 | 131.52 |
| Div / share | 0.0 | 0.0 |
| EPS | -0.23 | -0.3 |
| Book value / share | -0.39 | -2.38 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 4716646.0 | 2581918.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MNKD NM | Peers 31.48 | MNKD NM | Peers 69.89 | |||||||||||||||||||||
|
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. MNKD'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. MNKD's P/CF is negative making the measure meaningless. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| MNKD NM | Peers 35.99 | MNKD NA | Peers 0.69 | |||||||||||||||||||||
|
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. MNKD'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 |
|
Earnings Growth |
|
|||||||||||||||||||||
| MNKD NM | Peers 9.36 | MNKD 28.04 | Peers -5.47 | |||||||||||||||||||||
|
Neutral. 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. MNKD's P/B is negative making this valuation measure meaningless. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. MNKD is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| MNKD 40200.00 | Peers 470.35 | MNKD -30.00 | Peers 75.75 | |||||||||||||||||||||
|
Premium. 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. MNKD is trading at a significant premium to its industry. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. MNKD significantly trails its peers on the basis of sales growth |
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